A Banking Disaster Waiting to Happen: $7.7 TRILLION in Uninsured U.S. Bank Deposits
The FDIC recently reported there are $7.7 Trillion in uninsured bank deposits in the United States. That could spell economic disaster if something goes wrong within the banking sector. Swiss America CEO Dean Heskin and Chris Agelastos go in-depth on the potential ramifications of having so much in uninsured funds throughout the banking industry.
On a positive note, Dean and Chris also break down a recent report where experts predict a good rise in Silver.
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Articles referred to in this podcast:
https://www.zerohedge.com/economics/federal-fiscal-burden-consumes-93-percent-americas-wealth
https://www.zerohedge.com/markets/july-budget-deficit-2nd-biggest-history-25-tax-revenue-go-pay-interest
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