Over the past week the world has seen several banks collapse. Fortunately for the customers of the banks that have failed, at least to date, the Federal Deposit Insurance Corporation (FDIC) along with the Federal Reserve and the Department of Treasury stepped in to fully insure the deposits. The government felt the need to intervene to prevent other parts of the economy from being contaminated from the banks’ financial collapse.
However, many questions remain for employers and retirement plans who have more deposits in a bank than the FDIC guarantee. For example, [Newsweek reported](https://www.newsweek.com/pensions-lose-millions-after-svb-collapse-1787476) that the California State Teachers’ Retirement System had $11 million in Silicon Valley Bank (SVB) stock as of January 31, 2023 in addition to banking exposure in excess of the FDIC guarantee. While it is clear that the $11 million in SVB stock is worthless, the California State Teachers’ Retirement System is fortunate that the government is fully guaranteeing its deposits in SVB. A key question all employers and retirement plans need to think about for the future is will the government always fully insure bank deposits above the FDIC guarantee. The remainder of this paper will explore the basics of the FDIC insurance program, what a customer could expect to receive in a scenario where the government does not step in to fully back deposits that exceed the FDIC guarantee, and how Bitcoin may be a solution employers adopt once market conditions fall into certain parameters. [https://cryptoustaxattorneys.com/fdic-guarantee-and-bitcoin/](https://cryptoustaxattorneys.com/fdic-guarantee-and-bitcoin/)
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govt has nothing to give. they are in debt. and they plan to steal from, and enslave your children to pay for it. of course you keep voting for that too, so there is plenty of blame to go around.
Sure. What does it cost them?
> A key question all employers and retirement plans need to think about for the future is will the government always fully insure bank deposits above the FDIC guarantee.
Privatize gains, socialize losses. As long as the bank runs well, collect profits, if it fails, let the taxpayer foot the bill. Remember, money doesn’t get lost, it changes hands only. There is zero accountability for bad decisions. That is not how capitalism works. The economic system gets more and more inefficient. We all would wake up in a Soviet style economy one day.
Yes, but only if you have connections to the 1%.
Remember the Cantilion effect and use your proximity to the money pump as a gauge if how safe you are from fiat currency shenanigans.
NOTE:this proximity also works for how likely you will taken to the he guillotine when, inevitably, the whole fiat system fails and the plebs demand vengeance.