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We now have a major problem right here. Depositors in a financial institution are NOT risking their cash as an investor in a hedge fund. They anticipate honesty and stability. If the financial institution is buying and selling and doubles its cash, it belongs to the shareholders – not the depositors. Likewise, a loss belongs to the shareholders and meaning 100% of all deposits MUST be lined – PERIOD!
Even Senator Lankford fails to grasp that just because a Chinese language nationwide is a depositor it does NOT justify defaulting on them. That may imply that each one foreigners ought to take away their cash from the US. It could even be towards the Structure. When this nation was shaped, we adopted TERRITORIAL JURISDICTION and rejected the monarchy system of jurisdiction. Should you killed somebody in Paris however you had been British, the French would arrest you and couldn’t cost or punish you since you had been the “property” of the King of England. They might ship you again to your king and clarify what you probably did and it was as much as your king to find out what to do.
We adopted TERRITORIAL JURISDICTIONwhereas for those who had been British however killed an American, you stood trial in America and so they rejected the concept that you had been the property of the King of England. ALL depositors, no matter their origin, MUST be handled the identical as any citizen. You can’t have it each methods. So, sorry. Senator Lankford, you might be fallacious. We MUST cowl even a deposit by Putin or the Communist Occasion of China. In any other case, they need to additionally promote ALL their holdings of US debt – PERIOD!
Yellen has solid doubt on this coverage and it’s a warning that each one banks have this identical disaster within the collapse of long-term debt due to this limitless pit into which we’re throwing cash referred to as Ukraine. We stand NOTHING to achieve from this madness. It’s nothing greater than the non-public vindictiveness of the Neocons who’ve remodeled Ukraine into an Anti-Russia spearhead and American overseas coverage into the aggressor within the quest for World Warfare III. All Neocons must be arrested for treason. Solely Congress can declare warfare. This can be a proxy warfare that has not been declared and has no profit to the American folks and even the Ukrainian individuals who have been pressured to flee their houses on this battle to beat Russia.
All Depositors in Each Financial institution Have to be Made 100% Entire – it’s the Shareholders of Banks that Lose in Such Conditions
What the Biden Administration has paid Ukraine would have lined all of the excellent Scholar Loans and even the failed banks!
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