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IPFS News Link • Economy - Economics USA

CAUGHT ON VIDEO: The FDIC Is Planning a Bail-In with YOUR Money

• https://www.theorganicprepper.com, by Daisy Luther

If I'm right, a lot of people are going to be financially devastated in the not-so-distant future.

Think I'm a crazy conspiracy theorist? Well, as we've seen, that often means you're just ahead of the game. There are several reasons that I believe it may come to this, not the least of which is that there's a publicly accessible video of their meeting in which they discuss how to do it, when to do it, and how to keep the public from freaking out about it. The time to come up with a strategy to protect your money is now, and it couldn't be more urgent.

Let's take a closer look.

What's the FDIC?
FDIC stands for Federal Deposit Insurance Corporation. From their website, we find what that means:

The Federal Deposit Insurance Corporation (FDIC) is an independent agency created by Congress to maintain stability and public confidence in the nation's financial system. To accomplish this mission, the FDIC insures deposits; examines and supervises financial institutions for safety, soundness, and consumer protection; makes large and complex financial institutions resolvable; and manages receiverships.

They go on to say:

Since its creation in 1933, the FDIC has been an essential part of the American financial system. In the 1920s and early 1930s, a rise in bank failures created a national crisis, wiping out many Americans' savings. Since FDIC insurance began in 1934, no depositor has lost a single penny of insured funds due to bank failure.


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