The FDIC Is in Trouble

[Night Light]

The NY times put this article out on the same date as the one above.

As Bank Failures Rise, F.D.I.C. Fund Falls Into Red


I checked the fdic site for recent press releases and found this release, dated 11/17/09, only a week prior to these articles, stating:

No Safer Place for Your Money: Why the FDIC's Resources are Strong and Insured Deposits are "Absolutely Safe"


I am tired of being lied to. Read both of these articles and you can see right through the b.s.
According to Chairman Bair, the bottom line for consumers is this: "No insured depositor has ever lost a penny of insured deposits -- and none ever will. The FDIC was created specifically for times like these. Our resources are strong. Your insured deposits are absolutely safe."

Benjamin Fulford told us in september that the FDIC is bankrupt. Can we now say this is accurate?

They say that they "can quickly borrow money from the U.S. Treasury. However, Chairman Bair has stressed that the FDIC expects to continue to collect premiums from the banking industry to pay for banking industry problems -- without borrowing from U.S. taxpayers."

If only the taxpayers new that its all a scam to separate them from their wealth and personal power. How can it be that if FDIC fails, and if most of the banks fail, the financial fallout be put on the shoulders of the US taxpayer? What ever happened to the age old saying "you reap what you sow"? The US taxpayer has been scammed plenty, and sure they are often guilty of ignorant bliss, but how can responsibility for the crooked few fall on the backs of the common taxpayer?

I have a billion opinions regarding all of this, and rather go into a tirade about monetary society and economic slavery, I will hold my tongue. In avalon, I'd be preaching to the choir. In all honesty, I welcome collapse, for in order for the masses to realize the necessity for change, the current construct's obsoleteness must become fully apparent.

It will be an interesting winter.