Does the public understand the risks with banks?

Table of Content

Mainstream media is full of crypto scams and how regulators want to deal with them. However, no mainstream media outlet covers the risks of banks.

The precariousness of the financial system

Thanks to plenty of media coverage the vast majority of citizens probably have a vague idea that crypto is bad and it is something to stay well clear of. However, those same citizens are probably blissfully unaware of the risks they take by keeping ‘money’ in the bank.

With very negligible mainstream coverage of their economies by mainstream media, people in countries such as the U.S. and the United Kingdom are very possibly completely unaware of just how precarious their economies are. In fact, this is the case across the whole globe.

How many people would know that some banks have already fallen, and that many of the rest have been kept alive by injections of cash from the Federal Reserve?

We are told that if your bank fails in the U.S. then not to worry because the FDIC will insure your funds up to $250,000, and in the UK, the Financial Services Compensation Scheme will insure you up to £85,000 ($103,000).

However, not many banks would need to fail before these agencies run out of money to cover all the customers of these banks. Also, if you think about it – who do these agencies bank with?

Who would know, if they don’t delve into certain social media platforms and find the experts that would educate them, that inflation is a stealth tax, and has been stealing their wealth over many years? Or that at only 2%, inflation will rob each generation of around half of all their wealth over their lifetimes?

The evils of CBDCs

Have people ever wondered how on earth their bank can wield so much power over them? Or why banks appear to be able to just de-bank customers if they don’t like their opinions or political persuasion?

What percentage of a country’s population knows anything about central bank digital currencies? With the Bank of International Settlements (BIS) (also known as the central bank of central banks) encouraging all the c

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Author: Laurie Dunn

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