Is Your FDIC Bank Wealth Safe During the Next Financial Crisis?
Channel: SilverTorch66
Date: 2019-04-22

Is Your FDIC Bank Wealth Safe During the Next Financial Crisis?Watch more great videos: https://www.youtube.com/playlist?list=PLxATu7-BBCMc3GKt9D4QdNrSgx5OYnQ4c  Are you aware that when you deposit money in a checking or savings account, that money no longer belongs to you?  If the bank holding your accounts becomes insolvent, the FDIC has the authority to take your deposits/savings and convert it into stock shares of the bank.  

A derivative is a legal bet (contract) that derives its value from another asset, such as the future or current value of oil, government bonds or anything else.  Derivatives can also be used as insurance, betting that a loan will or won't default before a given date.  The system is not regulated what-so-ever, and you can even buy a derivative on an existing derivative. Derivatives are traded in microseconds by computers, and when the global financial crisis occurs, the results will be catastrophic for the world financial system since the 9 largest banks hold a total of $228.72 trillion in Derivatives - Approximately 3 times the entire world economy. No government in world has money for this bailout.  



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