from Pomp 🌪 | by Pomp 🌪

Pomp 🌪

@APompliano

about 1 year ago

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Over 110 banks wrote a letter to the FDIC asking them to extend deposit insurance to ALL DEPOSITS for the next 2 years. These types of requests probably accelerate bank runs unfortunately. If the banks’ request is honored then inflation will accelerate much higher.

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