It takes a bit to shock your humble blogger these days. But as a very ‘visual’ kind of person, if something is going to shock, then a powerful image is usually it.
Courtesy of “Oto”, brilliant architect of the demonocracy.info website, comes this stunning infographic.
It shows just why the US Federal Deposit Insurance Corporation’s (FDIC’s) “promise” to insure American bank depositors is a monstrous illusion.
Now please note, Australians should dismiss this as representing only an American problem at their own peril.
As shown previously, the Australian government’s Bank Deposits Guarantee Is No Guarantee At All … for the same reasons. That is, the total of funds that has been allocated to “insure” or “guarantee” the deposits of Aussie bank customers, is barely 1/10th of the amount of deposits actually “owned” by depositors.
And all the other risk factors shown in this infographic – including galactic derivatives exposures – apply here too:
An even more detailed and informative version of this infographic is displayed at Oto’s website.