WORLD WAKING UP to the fact that a bank deposit is an unsecured loan to a leveraged counterparty, that the FDIC insurance fund only has $128bn, that total deposits in US commercial banks=$17.6 trn, &...here's the big one: that money itself is a confidence game (always has been).

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Submitted March 19, 2023 at 11:59PM by BitCypher84 https://ift.tt/FnOCoYi

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