Latest FDIC “we aren’t broke” scheme

[4plexowner]

Austrian economist Ludwig von Mises (1881 – 1973) said:

“There is no means of avoiding a final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.”

[4plexowner]

“You want to not replenish the FDIC insurance fund and therefore void all FDIC insurance (after all, there won’t be any money for insurance)?”

I’ve arranged my finances and investments such that FDIC insurance isn’t an issue for me – I’ve encouraged friends and family to do the same – people who can’t (or won’t) see what is coming will get the results they deserve – remember, if you choose not to decide, you still have made a choice (Rush’s song, Freewill)

the collapse is inevitable – the only question is timing

personally, I’ll take the collapse now so my children have a chance of a brighter future

[4plexowner]

“You want to not replenish the FDIC insurance fund and therefore void all FDIC insurance (after all, there won’t be any money for insurance)?”

I’ve arranged my finances and investments such that FDIC insurance isn’t an issue for me – I’ve encouraged friends and family to do the same – people who can’t (or won’t) see what is coming will get the results they deserve – remember, if you choose not to decide, you still have made a choice (Rush’s song, Freewill)

the collapse is inevitable – the only question is timing

personally, I’ll take the collapse now so my children have a chance of a brighter future

[4plexowner]

“You want to not replenish the FDIC insurance fund and therefore void all FDIC insurance (after all, there won’t be any money for insurance)?”

I’ve arranged my finances and investments such that FDIC insurance isn’t an issue for me – I’ve encouraged friends and family to do the same – people who can’t (or won’t) see what is coming will get the results they deserve – remember, if you choose not to decide, you still have made a choice (Rush’s song, Freewill)

the collapse is inevitable – the only question is timing

personally, I’ll take the collapse now so my children have a chance of a brighter future

[4plexowner]

“You want to not replenish the FDIC insurance fund and therefore void all FDIC insurance (after all, there won’t be any money for insurance)?”

I’ve arranged my finances and investments such that FDIC insurance isn’t an issue for me – I’ve encouraged friends and family to do the same – people who can’t (or won’t) see what is coming will get the results they deserve – remember, if you choose not to decide, you still have made a choice (Rush’s song, Freewill)

the collapse is inevitable – the only question is timing

personally, I’ll take the collapse now so my children have a chance of a brighter future

[4plexowner]

“You want to not replenish the FDIC insurance fund and therefore void all FDIC insurance (after all, there won’t be any money for insurance)?”

I’ve arranged my finances and investments such that FDIC insurance isn’t an issue for me – I’ve encouraged friends and family to do the same – people who can’t (or won’t) see what is coming will get the results they deserve – remember, if you choose not to decide, you still have made a choice (Rush’s song, Freewill)

the collapse is inevitable – the only question is timing

personally, I’ll take the collapse now so my children have a chance of a brighter future

[scaredyclassic]

just how much does the FDIC need? i guess it’s unknowable. i guess they ahve to get it. I guess FDIC insurance is a good thing. kind of.

maybe not.

lots of free insurance encourages risky behavior.

what would happen if we kept all dollar amounts currently insured but said no more insurance on new deposits.

[scaredyclassic]

just how much does the FDIC need? i guess it’s unknowable. i guess they ahve to get it. I guess FDIC insurance is a good thing. kind of.

maybe not.

lots of free insurance encourages risky behavior.

what would happen if we kept all dollar amounts currently insured but said no more insurance on new deposits.

[scaredyclassic]

just how much does the FDIC need? i guess it’s unknowable. i guess they ahve to get it. I guess FDIC insurance is a good thing. kind of.

maybe not.

lots of free insurance encourages risky behavior.

what would happen if we kept all dollar amounts currently insured but said no more insurance on new deposits.

[scaredyclassic]

just how much does the FDIC need? i guess it’s unknowable. i guess they ahve to get it. I guess FDIC insurance is a good thing. kind of.

maybe not.

lots of free insurance encourages risky behavior.

what would happen if we kept all dollar amounts currently insured but said no more insurance on new deposits.

[scaredyclassic]

just how much does the FDIC need? i guess it’s unknowable. i guess they ahve to get it. I guess FDIC insurance is a good thing. kind of.

maybe not.

lots of free insurance encourages risky behavior.

what would happen if we kept all dollar amounts currently insured but said no more insurance on new deposits.

[davelj]

[quote=4plexowner]”You want to not replenish the FDIC insurance fund and therefore void all FDIC insurance (after all, there won’t be any money for insurance)?”

I’ve arranged my finances and investments such that FDIC insurance isn’t an issue for me – I’ve encouraged friends and family to do the same – people who can’t (or won’t) see what is coming will get the results they deserve – remember, if you choose not to decide, you still have made a choice (Rush’s song, Freewill)
[/quote]

[Hat tip to Neil Peart. You made Rich very happy.]

So, if FDIC insurance “isn’t an issue for you” and you advocate letting the insurance fund go unfunded (all of which is fine, by the way), then you have no cash whatsoever in banks or other financial institutions. I must admit, that’s quite a bold cash management strategy you’re executing.

[davelj]

[quote=4plexowner]”You want to not replenish the FDIC insurance fund and therefore void all FDIC insurance (after all, there won’t be any money for insurance)?”

I’ve arranged my finances and investments such that FDIC insurance isn’t an issue for me – I’ve encouraged friends and family to do the same – people who can’t (or won’t) see what is coming will get the results they deserve – remember, if you choose not to decide, you still have made a choice (Rush’s song, Freewill)
[/quote]

[Hat tip to Neil Peart. You made Rich very happy.]

So, if FDIC insurance “isn’t an issue for you” and you advocate letting the insurance fund go unfunded (all of which is fine, by the way), then you have no cash whatsoever in banks or other financial institutions. I must admit, that’s quite a bold cash management strategy you’re executing.

[davelj]

[quote=4plexowner]”You want to not replenish the FDIC insurance fund and therefore void all FDIC insurance (after all, there won’t be any money for insurance)?”

I’ve arranged my finances and investments such that FDIC insurance isn’t an issue for me – I’ve encouraged friends and family to do the same – people who can’t (or won’t) see what is coming will get the results they deserve – remember, if you choose not to decide, you still have made a choice (Rush’s song, Freewill)
[/quote]

[Hat tip to Neil Peart. You made Rich very happy.]

So, if FDIC insurance “isn’t an issue for you” and you advocate letting the insurance fund go unfunded (all of which is fine, by the way), then you have no cash whatsoever in banks or other financial institutions. I must admit, that’s quite a bold cash management strategy you’re executing.

[davelj]

[quote=4plexowner]”You want to not replenish the FDIC insurance fund and therefore void all FDIC insurance (after all, there won’t be any money for insurance)?”

I’ve arranged my finances and investments such that FDIC insurance isn’t an issue for me – I’ve encouraged friends and family to do the same – people who can’t (or won’t) see what is coming will get the results they deserve – remember, if you choose not to decide, you still have made a choice (Rush’s song, Freewill)
[/quote]

[Hat tip to Neil Peart. You made Rich very happy.]

So, if FDIC insurance “isn’t an issue for you” and you advocate letting the insurance fund go unfunded (all of which is fine, by the way), then you have no cash whatsoever in banks or other financial institutions. I must admit, that’s quite a bold cash management strategy you’re executing.

[Author]

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