About now, bank customers across the U.S. may be asking themselves, “is it safe to park my money inside an American bank anymore”? I’ll begin by providing the short answer – it is [only] “pretty safe”? But before you drop this article and head out in your car to stand in a bank line with those other depositors, let me break my best answer down further into two separate parts – the measure of your existing deposit amounts on paper [up to insured limits] are “safe” but what you need to know is that those deposit amounts will certainly shrink [over time] due to a thing known as FDIC Insurance, and maybe even SIPC. These are abbreviations for the “Federal Deposit Insurance Corporation” and the “Securities Investor Protection Corporation” respectively; and you guessed it, these folks don’t work for free! That’s the bad news. So what’s going to happen here since the Biden Crime Family decided to deal with the situation by orchestrating a complete bank bailout or guarantee for depositors from this totally mis-managed Woke mess of a bank known as Silicon Valley Bank; the only way to insure deposits is to raise the fees that ALL member banks will pay into these insurance institutions [i.e. FDIC and SIPC, where it applies]. And guess who’s going to pay the difference that’s coming in fees? You, me, and everyone else with deposits sitting inside American banks. So the Biden Crime Family syndicate has lied to you once again – this bailout of bank wokeness [where ever it occurs] will be born by the taxpayer, in every case now [as long as the Biden Crime Family is overseeing this banking debacle]. And what you need to know now is that experts in banking are saying over and over again that banks are going to pass those escalating operating costs [due to this bailout] onto their customers in the form of service fees and in any other ways [they can imagine].

Keep in mind that for the better part of two decades now U.S. banks haven’t paid depositors any interest on deposits, with a few exceptions. I mean if you happen to have a $zillion on deposit these microscopic rates of interest could be meaningful, but for how many of us? Where this all leads the banking industry is not known but it will surely develop into some permanent changes. It’s too soon to know what this “Californication” effect will mean to the banking industry overall. It’s an industry built solely on trust. How the many regional banks in the United States fair after this trade will no doubt be different but none of us can yet define that “difference”. For example, we could see customers of regional banks move their deposits to the Money Center banks benefiting such names as J.P. Morgan Chase, Citi Bank, Wells Fargo, and Bank of America in a “flight to safety” type move, it’s too early to say at this writing. What isn’t too early to say is that there’s nothing uglier than a run on a bank in these [once] United States. Events like this were largely associated with Socialist Banana Republics or third world countries where people struggle to speak English. It’s just not the kind of thing one would imagine to find inside a civilized society in 2023. Nothing is nastier than punishing innocent depositors due to fraudulent activities and/or incompetence inside a banking institution. Just no excuse for this here in the United States… but we must acknowledge that anything can happen as long as our federal and some state governments take a leap backwards, embracing woke and leftist socialist ideology and hiring practices. So my advice to any concerned out there is to prepare yourself for more “unimaginable” tragedies to occur stemming from this Woke and ESG movement in the United States… and be surprised [only] if this should be the worst of it. 🙁

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