Jim's Daily Rant. More on the Chat Room.
Don’t count on getting more than $250k. Legally it is not required. The banks started failing because of their investment on bonds that were long term…like 10 years and the bonds took a huge dive. They will continue to because the Fed has made it clear they will continue to increase interest rates. Those two are tied at the hip… interest goes up and the bonds go down.
I am seeing a two sided coin: people either loose confidence in the banks to stay solvent
or people lose confidence in their currency (Inflation). Damned if you do or damned if you don't.
Soon people will realize it's a created trap by the Central banks, and then they will obliterate the Central banks.
This is the only real logical response.