Does the FDIC guarantee even mean anything when all Federal agencies are being gutted, and no one can expect to be compensated? With what Trump and DOGE are doing to the Treasury, and the moves they’re making both foreign and domestic, ripping up the Democratic system of Checks & Balances, and tearing asunder the post War world order over the objection of nuclear armed European nations.

  • goofus@lemmy.todayEnglish
    19·
    4 days ago
    1. Tariff-taxes increase inflation.
    2. Declining supply of cheap foreign goods cause consumer price index increases.
    3. Federal Reserve Board increases federal fund rate to try to decrease inflation.
    4. Stock market bubble collapses.
    5. Real estate market declines as owners try to get out of “investment property”.
    6. Banks start foreclosure on many no-pay mortgages.
    7. Without mortgage payments coming in, banks become insolvent.
    8. A few weak banks go bankrupt, leading to a massive run on all banks.

    …

    1. Profit.