saltoshi on Nostr: "If the $10T in outstanding US deposits suffered a bank run, FDIC’s own reserves ...
"If the $10T in outstanding US deposits suffered a bank run, FDIC’s own reserves could only cover 1.26% of that" -Tuur Demeester (Adamant Research Report April 2023)
Our banking system is literally dependent on our trust and willingness to let the banks custody our money, otherwise the system would most certainly collapse.
Published at
2023-05-24 17:25:42Event JSON
{
"id": "0f0662cc64e9fbe98e051f82508c34f6f55c4be83abbcf29d14579f7ba9995e0",
"pubkey": "cbac9ecfbf31fbcfee157792164b4ee0fa5dbd7d7e36d00130044df692c2ebdb",
"created_at": 1684949142,
"kind": 1,
"tags": [
[
"client",
"coracle"
]
],
"content": "\"If the $10T in outstanding US deposits suffered a bank run, FDIC’s own reserves could only cover 1.26% of that\" -Tuur Demeester (Adamant Research Report April 2023)\n\nOur banking system is literally dependent on our trust and willingness to let the banks custody our money, otherwise the system would most certainly collapse.",
"sig": "ce8498192dc5e382e13dbab49edafaa75f03ef531e6511642168fd3dadc82e8f79605a6747cdf4f9a09a91d1e1acd7c3ac35509ba378580fdebd3458ad2d83f3"
}
