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FDIC Warns Of Potential Bank Runs

Derek Wolfe

Updated: January 5, 2023

FDIC Bank Runs
Editor’s Note:

EDITOR'S NOTE: Americans are concerned about persistent inflation or a deep and prolonged recession. But bank runs? The latest warning comes not from the fringes of financial media but from the FDIC itself, and it dates back to last November. Apparently, something is going on of which the general public is not aware; something severe enough to trigger bank runs across the country. Typically, bank runs occur when the public has lost its faith in a bank, the financial system, or, even worse, its own domestic currency. We don’t know for certain what the FDIC sees that the public doesn’t. But we do know that a shock to the system, should one actually materialize, is a major reason why investors and savers keep a stash of physical gold and silver in reserve.

Source: Twitter

 

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