The recent collapse of SVB, Signature Bank, and Silvergate Bank are just three among the 562 banks that have failed since 2000. More than ten have failed in the last five years alone. Why do so many banks fail? The answer is simple.
SHERIDAN, Wyo. - March 21, 2023 - PRLog -- Banks fail because bankers gamble with your money. Losing all your money won't cost them a cent. The Federal Reserve and Congress has shifted all risks from them to taxpayers.
You can only do 3 things with risks: Accept, transfer, or mitigate risks while accepting or transferring the remaining risks. Lawmakers and folks at the Federal Reserve want taxpayers to believe that financial regulations are controls mitigating risks. In truth they are all transferred to taxpayers.
The failures of SVB and Signature reveal the ultimate guarantors who pay up when risks go bad, are US taxpayers. The FDIC is a fiction. FDIC reserves wouldn't cover the losses resulting from the failure of one of the top five banks, much less those of a larger fraction of our banking system. The ultimate reserve is the wealth of money which the government can extract through taxes.
When the day comes that the Federal Reserve and lawmakers can no longer continue lying, they will reset the board and start over with a new currency. The reset will be the greatest wealth transfer the world has ever seen. Most ordinary folks will see their retirement funds and savings devalued to a tenth, or less, of their value today.
That is why it is more important than ever to protect your wealth by storing it in DirtiCoin.
DirtiCoin is a commodity backed cryptocurrency. This means that real world assets (RWA) in the form of real estate are used to protect the value of your deposits. When banks collapse and your money is nearly worthless real estate will still be valuable and so will DirtiCoin.
We are currently in our presale stage. You can deposit your money in DirtiCoin today at www.DirtiCoin.com. Or, buy a little information and collect a free DirtiDollar for your trouble at www.InfoCentral.LTD
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