I think Caitlin Long said it best on Twitter: “WORLD WAKING UP to the fact that a bank deposit is an unsecured loan to a leveraged counterparty, that the FDIC

I think Caitlin Long said it best on Twitter: “WORLD WAKING UP to the fact that a bank deposit is an unsecured loan to a leveraged counterparty, that the FDIC insurance fund only has $128bn, that total deposits in US commercial banks=$17.6 trn, &...here's the big one: that money itself is a confidence game (always has been)”[0] [0] https://mobile.twitter.com/CaitlinLong_/status/1637466829219045381 https://mobile.twitter.com/CaitlinLong_/status/1637466829219...