How likely do you think there will be a run on the banks?
Does the FDIC guarantee even mean anything when all Federal agencies are being gutted, and no one can expect to be compensated? With what Trump and DOGE are doing to the Treasury, and the moves they're making both foreign and domestic, ripping up the Democratic system of Checks & Balances, and tearing asunder the post War world order over the objection of nuclear armed European nations.
Picture for the last 10-20 years can look quite similar without any real identification of the time. I sometimes play a daily game that gives you an image and you have to guess the time taken and place. Anything from the last 20 years shot on a camera and without any visible technology and just some random people and buildings can be quite indistinct. Could be 2004 or 2024. Hard to tell.
Wow if they fiddle with FDIC I'd pull my cash out asap if I had an American account.
Basically if a bank collapses after FDIC gets messed with only the richest will be able to get money back. Average Joe's will loose everything in the account.
We saw a bit of this with the silicon valley bank fiasco. That's with protections in place. Without it good luck buying eggs ever again. It's going to make bread lines in the soviet union look like a good time.
FDIC insured up to $250,000 per account. So it’s mainly the little guys who enjoy the protection. FDIC did make all accounts even those over $250,000 whole.
But yes if the Orange Baboon and Electric Hitler decide to fuck with the FDIC I would pull the bulk of my funds and look for offshore safe havens.
Definition
"The term asunder is an adverb that means "into separate parts" or "apart from each other." It is often used to describe something that has been forcefully separated or torn apart"