FDIC: No Savior Then, Nor Now
If you think the US banking system has problems now, ninety years ago this month a new President shuttered the entire banking system for a week. Knock on wood that does not happen again, as we would likely get a dangerous central bank digital currency (CBDC) out of it. But some good might still…
#cbdc #greatquake #federalreservesystem #bagehotsrule #greatdepression #herberthoover #ovaloffice #cunningly #braintrust #biglie