JD Rucker
  • Home
  • About JD Rucker
    • Find Me
    • Shows
    • Contact
  • Prepare
    • Long-Term Storage Food
    • Verified America-First Precious Metals Companies
No Result
View All Result
  • Home
  • About JD Rucker
    • Find Me
    • Shows
    • Contact
  • Prepare
    • Long-Term Storage Food
    • Verified America-First Precious Metals Companies
No Result
View All Result
JD Rucker
No Result
View All Result
Home News
Janet Yellen Treasury

Biden-Harris Regime Moves to Protect Their Woke Big Tech Donors by Making FDIC Insurance Limitless

by JD Rucker
March 12, 2023
in News
Reading Time: 2 mins read
0

The fall of Silicon Valley Bank and Signature Bank are signs that the tech industry’s financial backbone is crumbling. This bodes ill for Democrats who receive the lion’s share of support offered by Big Tech and startups, so they’re making an unprecedented move to limit the damage done to depositors.

Treasury Secretary Janet Yellen announced through a press release that they are lifting the $250,000 FDIC insurance limit. She proudly announced twice in her release that taxpayers wouldn’t be hit with the burden. This means they’re going to print more money.

“Nations, states, and central banks are quietly but rapidly shifting their money to precious metals. With bank runs, recession, CBDCs, and worse on the horizon, it’s easy to see why. NOW is the time to learn more about moving portions of your retirement or wealth to a self-directed gold and silver IRA through an America-First, Christian precious metals company.” – JD Rucker (not a financial advisor, just a guy who’s paying attention)

Did FDIC insurance for depositors just become unlimited ??? 🤨 pic.twitter.com/sS8Okhtkiw

— Wall Street Silver (@WallStreetSilv) March 12, 2023

According to the press release:

Washington, DC — The following statement was released by Secretary of the Treasury Janet L. Yellen, Federal Reserve Board Chair Jerome H. Powell, and FDIC Chairman Martin J. Gruenberg:

Today we are taking decisive actions to protect the U.S. economy by strengthening public confidence in our banking system. This step will ensure that the U.S. banking system continues to perform its vital roles of protecting deposits and providing access to credit to households and businesses in a manner that promotes strong and sustainable economic growth.

After receiving a recommendation from the boards of the FDIC and the Federal Reserve, and consulting with the President, Secretary Yellen approved actions enabling the FDIC to complete its resolution of Silicon Valley Bank, Santa Clara, California, in a manner that fully protects all depositors. Depositors will have access to all of their money starting Monday, March 13. No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer.

We are also announcing a similar systemic risk exception for Signature Bank, New York, New York, which was closed today by its state chartering authority. All depositors of this institution will be made whole. As with the resolution of Silicon Valley Bank, no losses will be borne by the taxpayer.

Don’t wait for beef to become more scarce. Stock up with the only American company that sells frozen AND freeze-dried beef in the same package. This America First, veteran-owned company is ready to help you eat well today and eat well tomorrow. Use promo code “nocrickets” for 15% off at checkout.

Shareholders and certain unsecured debtholders will not be protected. Senior management has also been removed. Any losses to the Deposit Insurance Fund to support uninsured depositors will be recovered by a special assessment on banks, as required by law.

Finally, the Federal Reserve Board on Sunday announced it will make available additional funding to eligible depository institutions to help assure banks have the ability to meet the needs of all their depositors.

The U.S. banking system remains resilient and on a solid foundation, in large part due to reforms that were made after the financial crisis that ensured better safeguards for the banking industry. Those reforms combined with today’s actions demonstrate our commitment to take the necessary steps to ensure that depositors’ savings remain safe.

Bad fiscal policy hurts everyone. Some will be affected in the near future. Many of us will be impacted immediately. But the Democrats’ Big Tech cronies will have their suffering minimized at the expense of everyone else.

Editor’s Note: Now would be a good time to talk to Genesis about physical precious metals.

Prepper Meds – Protect yourself now AND if the crap hits the fan with these amazing products for your home:
✔️ Shop for meds from doctors who share your worldview The Wellness Company
✔️ Beat supply chain issues and future pharmaceutical tyranny with 5 Antibiotics Delivered to Your Home
✔️ Be ready to help yourself and your family with the World’s Best Med Kit
“Nations, states, and central banks are quietly but rapidly shifting their money to precious metals. With bank runs, recession, CBDCs, and worse on the horizon, it’s easy to see why. NOW is the time to learn more about moving portions of your retirement or wealth to a self-directed gold and silver IRA through an America-First, Christian precious metals company.” – JD Rucker (not a financial advisor, just a guy who’s paying attention)

Bypass Big Tech Censors


My Shows:

  • The JD Rucker Show (M-F 2pm Eastern)
  • Red State Talk Radio (M-F 2pm Eastern)
  • America Out Loud (M-F 7pm Eastern)
  • America First Report (Substack)
  • The Late Prepper (Substack)
  • End Medical Tyranny (Substack)

Why We “Moderate” a Commentor’s First Post

Tags: Economic CollapseEconomyJanet YellenLedeSignature BankSilicon Valley BankTop StoryTreasury
JD Rucker

JD Rucker

I'm a Christian, husband, father, and patriot in Southern California. I'm also an independent journalist who operates several sites, including NOQ Report, Conservative Playlist, Based Underground, and Uncanceled News. I am editor at The Liberty Daily, co-founder of Freedom First Network, and co-founder of Prepper Organics. You can find me on Substack at America First Report, Late Prepper, and End Medical Tyranny. Contact me via email with any questions. jdrucker (at) substack (dot) com

Related Posts

Ranch
News

All-American Company First to Offer Frozen AND Freeze-Dried Beef as Food Crisis Worsens

March 27, 2023
Silicon-Valley-Bank-Collapse-01
News

FDIC Disguises Bailout as “Purchase” as First Citizens Bank “Buys” Silicon Valley Bank

March 27, 2023
Asha Rangappa
News

Bald-Faced Lie: ABC News Guest Tells Martha Raddatz Trump Supporters Rammed Capitol Barricades

March 27, 2023
Next Post
Day Off

Day "Off"

Central Bank Gold

Chart Showing Central Bank Gold Purchases Over Last Three Decades Will Shock You

Donald Trump

4 Important Things to Know About Trump's Impending Arrest

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

JD Rucker

© 2022 JD Rucker - Ephesians 6:12

Navigate Site

  • About JD Rucker
  • Contact

Follow Me

No Result
View All Result
  • Home

© 2022 JD Rucker - Ephesians 6:12

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00