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The Elite Now Have Unlimited FDIC Coverage for Deposits
    #13733720 -

A little known clause in the gigantic Dodd-Frank financial reform bill went into effect January 1st.  All funds in a “noninterest-bearing transaction account” are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012.

This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC’s general deposit insurance rules.

It is unclear the purpose of this temporary status, but certainly we can speculate that it is to protect the elite’s deposits should another catastrophic financial collapse happen in the next two years.

The official purpose as stated by the financial bill itself is beyond convoluted:

The proposed rule serves as a vehicle for the FDIC Board of Directors to announce that it will not extend the TAGP beyond the scheduled expiration date of December 31, 2010. Because of the differences between the TAGP and the new statutory provision, changes to the rules are necessary.

:Awesketch:


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Re: The Elite Now Have Unlimited FDIC Coverage for Deposits [Re: AlteredAgain]
    #13733730 -

well d'uh!


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http://bunkpolice.com/basic-test-kit/
Vienna Declaration
Salvia Divinorum The Docudrahma

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Re: The Elite Now Have Unlimited FDIC Coverage for Deposits [Re: Konyap]
    #13733733 -

Nothing to see here folks, move along. This is not the root of a new conspiracy world elite power move.


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Re: The Elite Now Have Unlimited FDIC Coverage for Deposits [Re: Dosile Kouki] * 1
    #13733741 -

im sure we could all use a new car instead


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"It's a joke. Greed and the desire to take drugs are two separate things. If you want to separate the two, the thing you do is make drugs legal. Accept the reality that people do want to change their consciousness, and make an effort to make safer, healthier drugs."
-Jerry Garcia

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Re: The Elite Now Have Unlimited FDIC Coverage for Deposits [Re: AlteredAgain]
    #13733756 -

Fake money covering fake money?

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Re: The Elite Now Have Unlimited FDIC Coverage for Deposits [Re: Chubba]
    #13733796 -

Drats, there goes my plan to bankrupt the NWO through a calculated series of bank heists.


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The Prophecy!

Learn To Code

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Re: The Elite Now Have Unlimited FDIC Coverage for Deposits [Re: AlteredAgain]
    #13734062 -

Good post. I wasn't aware of that. My “noninterest-bearing transaction account”  is cash in the pocket...:smirk: . . . :peace:


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"All mushrooms are edible; but some only once." Croatian proverb. BTW ...
  Have You Rated Ythans Mom Yet ?? ... :taser:  ... HERE'S HOW ... (be nice) .  :mod: ... :peace:

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Re: The Elite Now Have Unlimited FDIC Coverage for Deposits [Re: AlteredAgain]
    #13734242 -

So wait, are they really implying that if I deposit my personal finances into an account....that those same finances are guaranteed and insured for later withdrawal?

This is horrible.  We definitely shouldn't be entitled to our own money.


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...the whole experience is (and is as) a profound piece of knowledge.  It is an indellible experience; it is forever known.  I have known myself in a way I doubt I would have ever occurred except as it did.

Smith, P.  Bull. Menninger Clinic (1959) 23:20-27; p. 27.

...most subjects find the experience valuable, some find it frightening, and many say that is it uniquely lovely.

Osmond, H.  Annals, NY Acad Science (1957) 66:418-434; p.436

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Re: The Elite Now Have Unlimited FDIC Coverage for Deposits [Re: badchad]
    #13734248 -

this is a conspiracy clearly, wheres pris when you need him?:lol:


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I close my eyes and seize it
I clench my fists and beat it
I light my torch and burn it
I am the beast I worship....

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Re: The Elite Now Have Unlimited FDIC Coverage for Deposits [Re: badchad]
    #13734258 -

well i mean, the basis of a bank's profit margin is loaning. so it pays you itnerest for th emoney you deposit with it (loan to the bank) and then the bank loans that out at a greater return.

I think what the bill is getting at is ensuring that people have an option to guarantee their money in a " no interest bearing account " , mainly aimed at retirement folks and whatnot who need their money to survive, and wont lose all of their life savings in the event that the global economy melts down and banks start collapsing.

Or they have the option to ' invest ' their money in a standard interest bearing account, which ofcourse carries the risk of default with it.


Nothing sinister here.


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