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FDIC has the weight and backing of a very large government who is capable of creating more fiat currency as needed.
by vorpalhex 4y ago
FDIC has the weight and backing of a very large government who is capable of creating more fiat currency as needed.
- 0daystock 4y ago> creating more fiat currency as needed Ironically, this very thing led to FDIC failing to meet their obligation deposit amount of 1.35%.