The Fragility of the Banking System: Why Dismantling the FDIC Could Spell Disaster
PatriotR Daily News 1/22/24
Amanda Williams January 22, 2025
ECONOMIC NEWS
The Fragility of the Banking System: Why Dismantling the FDIC Could Spell Disaster
The FDIC has been a cornerstone of financial stability in the U.S. for nearly 90 years, insuring deposits and preventing bank runs. However, recent proposals to dismantle it highlight the fragility of the banking system and the risks depositors would face without this safety net. Without the FDIC, trust in banks could erode, leading to economic instability and increased inequality.
This uncertainty underscores the importance of diversifying investments. Gold stands out as a reliable hedge against financial risks, offering stability, independence from banks, and protection against inflation. As the future of the FDIC and banking regulations remain uncertain, diversifying with gold is a prudent way to safeguard your wealth and ensure long-term financial security. Read More.
WORLD NEWS
Vladimir Putin Warned: Russia 'On the Brink' as Nuclear War Looms
Retired U.S. Army General Ben Hodges has issued a dire warning that Russia is on the verge of "collapsing," with the potential for nuclear chaos inside the country. He attributes this instability to catastrophic casualties from the ongoing war in Ukraine and economic strain, which he says could lead to fragmentation within the Russian Federation.
Hodges highlights the strategic importance of supporting Ukraine to ensure European and U.S. security and deter other global threats, such as China's ambitions toward Taiwan. He also underscores the global risks associated with Russia’s collapse, including concerns about nuclear weapons, resource control, and a possible refugee crisis.
As Russia faces mounting pressure, Hodges calls for proactive planning to manage the potential fallout from this volatile situation. His remarks underscore the broader implications of the Ukraine conflict and the need for global readiness in the face of growing uncertainty. Read More.
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