FDIC Meeting Reveals Banking Concerns

Now we have our first stunning piece of video from the

FDIC, and a stunning meeting that they held in November

that they don't want you to

see. You're gonna see members of the FDIC

and other panel

discussions in this FDIC meeting.

It's not just FDIC members, it's lawyers, it's bankers, but they're

all around a table

admitting that a crash is coming. This is amazing.

Watch.

Bank debt today is not what it was before.

It is not principal protected by design, and I think that that is...

That expectation, I like how you started off, Betsy,

like it's all about

expectation setting, and I think that is, that is absolutely critical.

If that doesn't hold, this whole thing doesn't hold.

I mean, it's important that people understand they can be bailed

in,

but you don't want a huge run on the institution.

But they ha-- I mean, they're going to be.

Oh my God, they might panic and they might actually want their own

money that they

worked forty years of their lives for.

And they're also saying publicly in this meeting, and they all kind of laugh about

it, that they don't have any faith in the

banks.

I think you've gotta think of the unintended consequences of taking a

public that has more full faith and confidence in the banking

system than maybe people in this room do.

So we don't have faith in the banking system in here, and they all laugh.

They're like, "Yeah, yeah. None of us do.

We're the FDIC." Listen, though, to the next guy.

I, I completely agree with that. I almost think you'd scare the public

if you put this out. Like, why are they telling me this?

Can't tell the little people what's really going on here.

It will just scare them, and their little brains can't handle it.

Like, my insurance company doesn't tell me what

they're doing with my assets.

They just assume they're gonna pay my claim.

We want them to have full faith and confidence in the banking system.

They know the FDIC insurance is there. They know it works.

They put their money in, they're gonna get their money out.

To be accessible when people need to know, but I don't think you have much

hope of, of reaching a public that doesn't have

a professional need to know.

They also admit on camera that they don't want you to know this

because only people who need to know that it's coming should be

notified, i.e., the wealthy.

So there, there's a select crowd

of people that are on the institutional side, and if they wanna

understand this, they're gonna find a way to understand

this.

There's a bunch of law firms represented in this room.

There's a bunch of people that'll charge 'em by the hour a lot of money to explain

this all to 'em.

You common people shouldn't be told because you would take your money

out of the banks, and then you wouldn't be--

and then they wouldn't be able to use

your money for bail-in purposes to save the banks.

When the collapse comes, the FDIC admits that they will send out an

announcement. So get ready for this.

They admit they will send out an announcement, and they will tell us not to

use money.

This is how that's gonna go down. They tell us that they plan on telling us

on a

Friday night.

So that if and when we do have to have that announcement on, on Friday

night, ideally Friday night, um, that people are in a position

to receive it, understand it and say, "Yeah, that works." Um,

and we can see how this will happen.

Of course, there will be doubters, but there's a lot of things going on.

What we wanna hear from you today is what your pri--

what you think would the

priorities would be in order to go about setting

expectations appropriately in public about how we would execute

Title II.

They're admitting, like, this is coming,

and they're saying that they manage to pull their money to

saf-- You know, the, the

rich people will pull their money to safety ahead of time.

But most people were totally screwed because they weren't in the know.

This is what happened in twenty-twenty. They weren't Bill Gates.

They didn't get the heads-up, the phone call from Nancy Pelosi.

And they all have huge staffs. But I would be careful about the

unintended

consequences of starting to blast too much of this out in the general

public.

The idea that these people are sitting there waiting

for these things to unfold, and they're going to see

that the rich people

will be fine. And he brings up the point throughout the

meeting

where we've gotta try to basically convince these, these, these rich

people just to s-- to keep in the system.

It's kinda like the Bernie Madoff story again.

You can tell whether people understand how the...

Who's gonna be protected, who isn't gonna be protected.

Moves because we alerted them, they sold their stocks.

They were in the know, they were fine, and you got screwed.

Like, if he can keep those four or five big guys-

Yeah

... in the game, then he can support this house of cards.

So if the expectation doesn't hold, then this whole phony

house of cards collapses, is basically what he's saying.

You believe that absolute evil exists on the planet?

You are just looking at a meeting of it.