from Silver Doctors:
SD contributor AGXIIK warned readers months ago about the FDIC’s expanded deposit insurance which was set to expire Dec 31st, predicting that the expiring expanded deposit insurance enacted in the wake of the 2008 financial panic could trigger a bank run.
Many scoffed at the report and its implications, due to the fact that the story received zero attention by the likes of Bloomberg, CNBC, or even ZH.
It appears that the expiring expanded FDIC insurance has in fact triggered a massive deposit withdrawal at the nation’s largest banks, as the Fed is reporting that $114 billion were withdrawn from the largest 25 US banks over the first week of January, the largest fund outflow since the 9/11 attacks, even exceeding the pace of the outflow during the 2008 financial panic!
pppfffttt…. the FED prints that every month…
Yes, they do… and isn’t it just doing wonders for our economy? Uh, no, not really.
Not a bank run – probably going into the market !
gold, silver, guns, ammo, and food.
This is what alot of Americana is prepping with….
The Banks need a bank run. They need to be put down, and outta our misery.
Their filth has become a biliary tube obstruction and cancer on humanity