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The Federal Deposit Insurance Corp is running low

The FDIC (Federal Deposit Insurance Corp), the company that insures depositor's money at banks, is running below the minimum limits allowed by the US congress.

This means, that with more retail banks going bankrupt, the less chances there are that depositors' first USD 100,000 will be insured.

This basically means that there currently is hardly any insurance left for people's deposits at banks and that they should seriously consider diversifying their fiat currency into more physical assets like gold, silver or other physical goods that can store wealth.

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