hanumanj

IndyMac Failure - Test of FDIC Insurance

A quick compounding of inflation at just 3% for the past 75 years shows that $100,000 in 1933 dollars is almost $1million in today's dollars. So, the FDIC provides just 10% of the insurance that it was originally chartered to do -- just one more indication of the Great Unwind of the finances of the US Government. And after the world wakes up and starts selling our dollars, the US will be worth even less.