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I agree, but we can't all cash out all of our money from US banks either. That much money simply does not exist. These comments have a lot more faith in FDIC th

by andirk 4y ago

I agree, but we can't all cash out all of our money from US banks either. That much money simply does not exist. These comments have a lot more faith in FDIC than me, so maybe I'm missing something.

rjmunro 4y ago
It doesn't 'exist' now but it could be printed.
- andirk 4y ago
  Yes. As much as desired can exist at any moment. When I say 'exist' I mean like 'exists with its current abilities via its value'.
cool_dude85 4y ago
Maybe you have missed the US government's reputation of paying its debts and the FDIC's near 100 year history of paying out? It's hard to miss but I'm sure for some people it's possible.
- andirk 4y ago
  Everyone has cashed out all of their money from US banks? Yes, I did miss that. Your insult is that FDIC has worked when this or that bank goes under before, and I never negated that.
- wbl 4y ago
  Hey I was alive for the two times the US got within days of default for silly reasons.