fdic insurance ends for 1.8 trillion in accounts

[richrf]

Originally Posted by crescent22

That's irresponsible. You're falsely telling people there is some roundabout way the Fed could pump money in the system, get some banks to acquire other banks and everyone's deposits would be the same. This is nothing more than your continued whining about easy money. It's no guarantee whatsoever that a bigger loss of confidence wouldn't leave people's deposits at risk if multiple money center banks failed.

I think German bunds are dramatically safer than a Bank of America deposit account.

As the thread gets sillier. Talk about irresponsible talk. No one is going to lose any money in an FDIC insured account anytime in the next 1000 years. If you are going to worry about FDIC accounts then you are probably just as likely to worry about the the sun turning into a supernova. If someone is going to worry, better to worry about the stock market. It is far more likely to supernova than FDIC accounts.

About the German bund. Unfortunately for German, it has hundreds of billions of dollars in loans to bankrupt countries such as Spain, Italy, and Greece. Unlike the U.S. it can't print Euros. Lucky for Germany the ECB is happy to print Euros to keep the countries afloat ... for now. Germany, it is said, is developing plans to go back to the Deutschmark.

[City Guy997S]

250k limit is permanent now, it was temporary but now the FDIC has made it the new standard. Also I found this interesting fact on the FDIC website, any amount of money is 100% FDIC insured if it is in a non interest bearing account. 10mm in a non interest bearing acct is fully insured if the bank fails......though it has to be non interest bearing.

[mathjak107]

thats what this whole thread was about. the fact it was unlimited if non interest bearing.

[Philip T]

Originally Posted by richrf

Now, if you want to discuss why the heck the Federal Reserve is allowing banks to speculate with our money as they did during prior to the 2007 crisis, and why taxpayers have to bail out uninsured bets, now that would be an interesting discussion.

Not that hard. Because as noted by others in this thread the driving question remains:

How do I keep getting XX% Growth or Interest?

Answer that no one is capable of saying is that -- you/we do not.

It would require continual, infinite growth.

No practical infinite growth on a finite planet.

The basic math fails.

Only thing going for the existing system is -- as noted on the somewhat parallel thread -- education level in the US is now too low to figure this out.