Joint Statement by the Department of the Treasury, Federal Reserve, and FDIC

Re:Joint Statement by the Department of the Treasury, Federa... by flangola7 on Sunday March 12, 2023 @11:39PM (#35130695)

>People are worried that they won't be able to get to their money even if it is insured.

If the US government is unable to cover those claims then you have much bigger problems to worry about.

[ Parent | on HN ]

Re:Joint Statement by the Department of the Treasury, Federa... by notch898a on Monday March 13, 2023 @12:33AM (#35131115)

If I thought the US government was going to fail I'd simply try to be the first to convert my dollars to a dense and valuable commodity, like gold, and then find another government to live under. It's not like people pulling out dollars have to keep their wealth in dollars.

[ Parent | on HN ]

Re:Joint Statement by the Department of the Treasury, Federa... by antihipocrat on Monday March 13, 2023 @02:38AM (#35131937)

If it ever got that bad a can of beans would be worth more than almost anything.

[ Parent | on HN ]

Re:Joint Statement by the Department of the Treasury, Federa... by ThalesX on Monday March 13, 2023 @06:31AM (#35133716)

Not the first failing empire in the history of the world...

[ Parent | on HN ]

Re:Joint Statement by the Department of the Treasury, Federa... by heisenbit on Monday March 13, 2023 @03:10AM (#35132184)

The ability to mint money is unlimited. The ones being eventually bailed in will be foreign debt holders via inflation.

[ Parent | on HN ]