>>4244356

To the guy that posted the above panic about savings. You are missing the point. The FED has failed to safeguard savings and the result was legislation to replace it with the Federal deposit insurance system but its not a real insurance system. No premiums. However The 2017 congress and Trump got all the legislation passed to replace the FED. A mechanism to create new banks by issuing new banking licences. A mechanism to prevent banks from hording licences after mergers. A mechanism to move savings automatically if any bank fails. Mechanisms to allow new full reserve banks to be added to the FED exempt banks list. Provisions to inflation index capital gains that effectively end all taxes on gold and silver. That also kills the benefits of inflation for the banksters and makes plain the benefits of gold (mainly technology) driven deflation.

The savings are safe. They have already the done replace, as provisional legislation, and only await the FED Fowling up to trigger the repeal.

>>4247402

See my new post below. Trump and congress has already created a mechanism to create and automatically issue thousands of new banking licences. These will be created debt free banks and will be able to buy savings from bad banks normally and lend normally. This decouples the new banks from bad debt, both private, education loads, and government bad debt. Then the bad debts will sell as junk bonds to new higher risk clearance banks also created with the new licences. These would collect those bad debts that are recoverable and extinguish the rest.

In the short term people should find a non fractional reserve bank [term deposits and target savings] as opposed to drawing deposits. These will be immune. They have already made the transition. I am not a official finance adviser.

>>3475097

No the shirt is not weird. Its an Indonesian conference everyone was given one of those nice bright shirts including Steve and his, Philippe, Australian and British equivalent. Its a south east Asian tradition. The Japanese guy and the EU guy and the others in suits are the ones that had just arrived or did not choose to wear the shirt.

>>3489243

You do realise this is the 1988 economist cover don't you? I have the thing somewhere. Old news.

>>3620835

Yes Bob the Fed does propaganda even for kids. I'm old enough to remember when it was new.

>>4280876

The government does not need to have the gold to make a gold currency work. If they are just promising gold on a bit of paper that not a gold currency. The FED is toast. Banking licences are the key.