They are dismantling deposit protections before you notice—and making sure the wealthy move their money first. By the time the system locks down, you won’t have time to. Here’s how to get ahead of it.
Please share: who is the Critical Resistance? My husband is asking for some sort of credibility information. I can’t find any background information as I have with other Substack resources. Thanks.
Take away consumer protections from fraud, theft and scams. Then take away the watchdogs. Then take away protection of currency. Set up and force currency through a social media platform. Make the wealthiest person profit so he can create new country clubs on another planet and sit back and watch the implosion of the Earth from space. Got it.
Exactly—this isn’t just about banking. It’s about systematically stripping protections until people are left with no real choices. The playbook is always the same: dismantle regulation, consolidate control, and force dependence on privatized systems that profit the few at the expense of everyone else.
What’s happening now with the FDIC is just another step in that process, but the ultimate goal is much bigger. You’re right to see the bigger picture because it’s all interconnected. The question now is how much people are willing to see it before it’s too late.
It's really unbelievable how many Trump supporters still refuse to see the truth. Trump is only the vehicle because he's easily bought and starry eyes to billionaires and Dictators. It's those in the background that are destroyed the country from within. Musk is another vehicle who wants to control the world, and Trump sold the United States to him. Even 4 yr old Musk's son knows it. Who is protecting the fucking country?????
Trump supporters will not admit they were conned. But once they see their Medicaid cut, the benefits dropped and prices go up, they will start to think maybe they were conned. They are not masters of the obvious but will recognize when there bellies and pockets are empty. That will likely be the start of a new recognition and possibly cause them to take up arms against the administration.
Except you can…it was all laid out in project 2025 and the left tried to warn people for many many months prior to the election. People just didn’t want to listen and believed a liar and con man that he didn’t know about it, while he appointed Vance who wrote the foreword.
900 pages you expect the avg. voter to read & understand? The blame is on the media and our government. Normalizing a narcissistic felon. There was plenty of time to protect us from Project 2025.
Last summer people were constantly warning about Project 2025 where this is spelled out. I blame the maga voters who were enthralled by Trump. I blame the liberals who were unhappy with one or two of Biden's policies, they thought the election was like the ones in the past. I blame every voter who either supported maga, or didn't vote. We are now living under a crime family with billionaires supporting them.
Exactly. They’re gonna replace the dollar with Trump and Musk crypto. Hate to sound like a famous book, but nobody will be able to buy and sell without it.
The thing I don’t get is, they haven’t made a rocket like the enterprise that can hold hundreds of people so how the hell do they expect the colonize someplace when then they can only take a maximum six maybe eight people at a time it’s not realistic it’s a bunch of nonsense And the little boys science fantasy Dream!
SpaceX’s experimental rocket should hold around 100. Don’t know who would be crazy enough to let Musk not only be in charge of the government but also the very air they breathe, but there you go.
This response is as possible as it is sickeningly crass: All you need is Musk, a few young women, a tech, a scientist and a worker bee. Musk has 13 children (I’d expect a 14th soon, in line with his beliefs) on this planet.
All one can say is: whoever wants to leave this - this (!) - most astonishing planet in the universe that we know of at this time that we have the privilege to live on: LEAVE. And - on a one way ticket.
All the Musks and Trumps and their despiccable syccophants: just go.
There are going to be departures - and arrivals - quantity-wise like on a current smaller size airport.
As climate change is non-existent for them the humongeous anount of energy required will not matter - perhaps it can be derived from a nuclear reactor.
Musk want to ruin every protection do he can be supreme ruler. People will be groveling, fighting each other for a crumb of food. MAGA gullibility and Russian propaganda got us into this, but now it's up to intelligent and savvy people to find a way out, educating the masses is a start. Sometimes people have to get kicked in the teeth to wake up. Cutting Medicaid, Medicare, Social Security, Veterans Benefits will do just that. If they didn't like the price of eggs, they won't like what is coming next!
They’re such a bunch of greedy traitors they want to crash the economy and banks and leave you destitute with nothing but you’re complete dependency on them for ever so you can be more easily exploited. I think it’s time for the guillotines…
This is fine for people who have money in the bank. That’s still a level of privilege: to have money to protect. But what they are doing is going to affect everyone. We need to STOP THEM, not just PROTECT OURSELVES
I completely agree that this affects everyone, and I wish more people saw it that way before it’s too late. But before we can stop them, people have to understand what’s happening. If they don’t see it coming, they won’t resist—because they won’t even know what’s being taken from them until it’s gone.
Yes we did. Luckily the government bailed out the failing banks, so FDIC didn’t have to pay out to people who surely would have lost their savings n failed banks.
I wonder if our current president would have enough concern for our citizens if the banks fail. Think he would bail the banks out?
No he wouldn't help anyone but himself. He wants the American monetary system to fail, so he can push his crypto to make him trillions and everyone dependent on it.
Why are you attacking me? I nearly lost my home during that time and so I was wondering didn’t fdic help me then? I guess you are mad. I’m sorry to have made you madder.
I have money in the bank, but not enough to be able to open an account in Switzerland. I'm afraid to leave money in the banks here, for fear of a bank collapse. I'm looking into buying some gold, but how much of my liquid assets should I invest in a physical metals?
None of this seems like anything the average person can do short of taking all of your money out of the bank and keeping it in cash. Of course when the economy crashes the worth of your dollar will be less also.
Michele, I completely understand where you’re coming from, and you’re right—most people don’t have the ability to just move their money overseas or shift into foreign currency. Even if they did, those strategies come with their own risks and limitations. The point of this piece isn’t to prescribe a single “fix” but to help people understand what’s happening so they can make informed decisions based on their own situations.
Not every topic we cover is going to have a solution that works for everyone, and that’s okay. The goal here isn’t to present a one-size-fits-all answer—it’s to help people accept what’s happening and avoid freezing in place when faced with uncertainty. We’ll be exploring this from many angles because financial impacts are only one piece of the larger picture. Some people may find ways to adjust their financial strategies, while others may need to focus on community resilience, legal protections, or other areas of preparation.
What matters most is recognizing the shift so people can make choices with clarity rather than just reacting as things unfold.
No they are not! Credit unions are a bit of a joke to me, also, because they pay ZERO corporate income taxes. They’re a rip off in the bigger scheme of things.
All the more reason not to think CU’s are a better option than a bank. It always cracks me up when I hear people say they think CU’s are somehow better. They’re not.
Agree. It’s incredibly hard to open a true overseas bank account, even in person. Usually you need to at least be a legal resident of that country. Not sure what this list of things to do will even do. Just having multiple accounts that are all linked to the FDIC doesn’t seem to do anything. What am I missing?
That’s a fair question. The reality is that for most people, opening a foreign bank account is difficult or outright impossible without residency or other legal ties. That’s why I’m not presenting this as a one-size-fits-all solution but rather as one of many ways people can think about insulating themselves from financial instability.
The broader point isn’t just about where to keep money but about breaking the illusion that the current financial system is stable. Even within the U.S., having multiple accounts across different institutions isn’t about “beating” FDIC limits—it’s about risk distribution. If one bank freezes accounts, sets withdrawal limits, collapses, or falls under political influence, having access to another can buy you time.
Not every suggestion will apply to everyone, and that’s okay. The goal is to get people thinking ahead and considering what they can do given their own circumstances.
Do these fuckwits in congress not remember 1989 or 2007?
How many MAGA idiots lost their jobs and then their homes?
They’ve dismantled the CFPB and now the FDIC? They want to invest US dollars into crypto? Oh yeah, remember all those pyramid schemes in the early 90s. How well did that work out for everyone.
Jesus, I’ve worked my whole life to have a little financial security, and now I have to figure out how to get my money out of the US? I guess I better go shopping for a good mattress! Call your Senators and Reps, EVERY. SiNGLE. DAY. Everyone needs to be in their faces any way possible.
I think people will be in the street begging at cars passing by for a tiny bit of food. Dickens-level poverty. Begging the 1% for a few hours work for $2, possibly dangerous work, while those fuckers smirk at our lack of dignity. We’re bit players in their psychodramas. They can never have enough money or power. They are defective units.
Credit unions have their own vulnerabilities. While they aren’t as tied to major banks, they still depend on the broader financial system and regulatory environment.
I had a dream last night, well more of a nightmare than a dream. I dreamed that we had an election and a person with the initials DT had become President, but he had a person next to him with the initials EM who seemed to be the real one in charge. These two together from day one began dismantling the government. A great number of people lost their jobs causing great difficulty for them. There was no Mercy. They were able to convince their supporters that this was a positive cost cutting method that would benefit them. No government department speared their cruelty. They were able to get control of all the security systems of the government. They were able to control the press, the pentagon without resistance. The courts stepped in but they were ignored by this group. This group had the support of the corrupt Supreme Court. Mass Confusion is the only way to describe what was happening. They knew what they were doing and they knew they had to act fast.
They caught this nation by surprise. They used the BLITZKRIEG method.
During World War II, Germany referred to its rapid, surprise attacks on other nations as a "Blitzkrieg," which translates to "Lightning War" in German; this strategy involved quick, coordinated assaults to overwhelm the enemy before they could fully mobilize.
I believe we the people have become the enemy of the billionaire class in this nation.
In my nightmare they had taken over control of everything, The media, the military, the courts, all government programs, social media, etc. and finely the people. When Conman was running for office, he said that after he was elected you would not have to vote anymore. I thought this was a very strange thing to say. Now I realize based on what he and his minions have been able to accomplish what he had in mind. As a President with unlimited powers (according to the Supreme Court) he is going to pick two loyal Senators from each state. They intern would pick a loyal governor to run the state and they intern would pick loyal representatives from each district in their State to represent their State in congress. The master plan is now complete.
The history books in the future will tell of a once great nation that started out with a bang and went out with a whimper.
NO NO NO , I woke up breathing heavily, my heart was pounding. This cannot happen. There are hundreds of thousands of people out there protesting. This is important, but they expect this and can deal with hundreds of thousands of protesters, but they cannot deal with millions in each state coming out and going after them. Speak up and act now, that window is closing fast. There are still people in the media that we can trust who are speaking up and spreading the word. We need to seek these people out and support them. I also believe there are leaders out there who can guide us to a better future. We Desperately need to find them. Help spread the word.
If there is no longer FDIC protecting our money what happens to the banks if we all withdraw all our money and put it in banks in countries that can strongly protect it?
Do you think that the big banks will fight to get FDIC back? When all is said and done, don't we as ultimately have the power of the purse?
That’s exactly the question people should be asking. In theory, yes—if enough people moved their money to banks with stronger protections, the financial system would feel pressure to adjust. But in practice, it’s intentionally difficult to open foreign bank accounts, especially for Americans.
Most major foreign banks won’t accept U.S. clients due to FATCA (the Foreign Account Tax Compliance Act), which requires them to report to the IRS. Those that do often require high minimum deposits, in-person visits, or residency in that country. Even friendly banking hubs like Switzerland or Singapore have been closing doors to U.S. citizens over the years.
This isn’t an accident—it’s a way to keep people trapped in the U.S. financial system while giving them the illusion of choice. The ‘power of the purse’ exists, but only to the extent that the system allows it to. That’s why it’s so important to understand these dynamics now, before the walls close in even further.
It appears from my 3 hrs of phone research that Canadian banks will allow us to open accounts, but one must do so in person. A signif % of the US pop'n lives within 200 miles of Canada. It is hard but not impossible.
I don’t know the answers to all the questions but theoretically if FDIC is taken down those of us with our life savings in banks, savings accounts and CD’s could LOSE IT ALL…poof disappeared! 🤬🤬🤬🤬🤬🤬
The Playbook for Resisting a Banking Collapse is now up which answers many of the questions still coming in.
https://criticalresistance.substack.com/p/the-playbook-for-resisting-a-banking?r=59puhs
Please share: who is the Critical Resistance? My husband is asking for some sort of credibility information. I can’t find any background information as I have with other Substack resources. Thanks.
Take away consumer protections from fraud, theft and scams. Then take away the watchdogs. Then take away protection of currency. Set up and force currency through a social media platform. Make the wealthiest person profit so he can create new country clubs on another planet and sit back and watch the implosion of the Earth from space. Got it.
Exactly—this isn’t just about banking. It’s about systematically stripping protections until people are left with no real choices. The playbook is always the same: dismantle regulation, consolidate control, and force dependence on privatized systems that profit the few at the expense of everyone else.
What’s happening now with the FDIC is just another step in that process, but the ultimate goal is much bigger. You’re right to see the bigger picture because it’s all interconnected. The question now is how much people are willing to see it before it’s too late.
It's really unbelievable how many Trump supporters still refuse to see the truth. Trump is only the vehicle because he's easily bought and starry eyes to billionaires and Dictators. It's those in the background that are destroyed the country from within. Musk is another vehicle who wants to control the world, and Trump sold the United States to him. Even 4 yr old Musk's son knows it. Who is protecting the fucking country?????
Trump supporters will not admit they were conned. But once they see their Medicaid cut, the benefits dropped and prices go up, they will start to think maybe they were conned. They are not masters of the obvious but will recognize when there bellies and pockets are empty. That will likely be the start of a new recognition and possibly cause them to take up arms against the administration.
Our government didn't believe this would happen, can't blame the avg. person not to know
Except you can…it was all laid out in project 2025 and the left tried to warn people for many many months prior to the election. People just didn’t want to listen and believed a liar and con man that he didn’t know about it, while he appointed Vance who wrote the foreword.
900 pages you expect the avg. voter to read & understand? The blame is on the media and our government. Normalizing a narcissistic felon. There was plenty of time to protect us from Project 2025.
They’re eating the dogs! They’re eating the cats! Financial stuff is boring. Let’s vote for the clown show.
Last summer people were constantly warning about Project 2025 where this is spelled out. I blame the maga voters who were enthralled by Trump. I blame the liberals who were unhappy with one or two of Biden's policies, they thought the election was like the ones in the past. I blame every voter who either supported maga, or didn't vote. We are now living under a crime family with billionaires supporting them.
I also blame the people who didn’t bother to educate themselves or to read and vote at all.
We need a real life Mr. Robot scenario to play out here. Take them down within the system they create.
Exactly. They’re gonna replace the dollar with Trump and Musk crypto. Hate to sound like a famous book, but nobody will be able to buy and sell without it.
I told my husband awhile back that I was wondering if DT was trying to devalue the dollar so everyone would have to use his crypto.
Please repost the NPR article again. I lost it trying to save it
The thing I don’t get is, they haven’t made a rocket like the enterprise that can hold hundreds of people so how the hell do they expect the colonize someplace when then they can only take a maximum six maybe eight people at a time it’s not realistic it’s a bunch of nonsense And the little boys science fantasy Dream!
SpaceX’s experimental rocket should hold around 100. Don’t know who would be crazy enough to let Musk not only be in charge of the government but also the very air they breathe, but there you go.
This response is as possible as it is sickeningly crass: All you need is Musk, a few young women, a tech, a scientist and a worker bee. Musk has 13 children (I’d expect a 14th soon, in line with his beliefs) on this planet.
James Bond: Moonraker comes to mind.
All one can say is: whoever wants to leave this - this (!) - most astonishing planet in the universe that we know of at this time that we have the privilege to live on: LEAVE. And - on a one way ticket.
All the Musks and Trumps and their despiccable syccophants: just go.
What are his beliefs regarding children?
There are going to be departures - and arrivals - quantity-wise like on a current smaller size airport.
As climate change is non-existent for them the humongeous anount of energy required will not matter - perhaps it can be derived from a nuclear reactor.
Musk want to ruin every protection do he can be supreme ruler. People will be groveling, fighting each other for a crumb of food. MAGA gullibility and Russian propaganda got us into this, but now it's up to intelligent and savvy people to find a way out, educating the masses is a start. Sometimes people have to get kicked in the teeth to wake up. Cutting Medicaid, Medicare, Social Security, Veterans Benefits will do just that. If they didn't like the price of eggs, they won't like what is coming next!
Why haven't the intelligent, wise ones in our midst prevented us from getting this far? I'm afraid we've been played.
They’re such a bunch of greedy traitors they want to crash the economy and banks and leave you destitute with nothing but you’re complete dependency on them for ever so you can be more easily exploited. I think it’s time for the guillotines…
Exactly what I restacked. It’s time indeed.
They should have been dropping Madame Guillotine in 2008.
Shutdown
It's looking like Vigilante Justice will be taking to the streets!
This is fine for people who have money in the bank. That’s still a level of privilege: to have money to protect. But what they are doing is going to affect everyone. We need to STOP THEM, not just PROTECT OURSELVES
I completely agree that this affects everyone, and I wish more people saw it that way before it’s too late. But before we can stop them, people have to understand what’s happening. If they don’t see it coming, they won’t resist—because they won’t even know what’s being taken from them until it’s gone.
Asking not to be bitchy, but didn’t we have the FDIC in 2008?
Yes we did. Luckily the government bailed out the failing banks, so FDIC didn’t have to pay out to people who surely would have lost their savings n failed banks.
I wonder if our current president would have enough concern for our citizens if the banks fail. Think he would bail the banks out?
Only his
No he wouldn't help anyone but himself. He wants the American monetary system to fail, so he can push his crypto to make him trillions and everyone dependent on it.
Absolutely not! He wants everyone to have to use his crypto!
I believe after that time, in 2008-2009, the insured amount was increased from $100k to $250k.
Why are you attacking me? I nearly lost my home during that time and so I was wondering didn’t fdic help me then? I guess you are mad. I’m sorry to have made you madder.
I have money in the bank, but not enough to be able to open an account in Switzerland. I'm afraid to leave money in the banks here, for fear of a bank collapse. I'm looking into buying some gold, but how much of my liquid assets should I invest in a physical metals?
Probably a Russian bank.
None of this seems like anything the average person can do short of taking all of your money out of the bank and keeping it in cash. Of course when the economy crashes the worth of your dollar will be less also.
Michele, I completely understand where you’re coming from, and you’re right—most people don’t have the ability to just move their money overseas or shift into foreign currency. Even if they did, those strategies come with their own risks and limitations. The point of this piece isn’t to prescribe a single “fix” but to help people understand what’s happening so they can make informed decisions based on their own situations.
Not every topic we cover is going to have a solution that works for everyone, and that’s okay. The goal here isn’t to present a one-size-fits-all answer—it’s to help people accept what’s happening and avoid freezing in place when faced with uncertainty. We’ll be exploring this from many angles because financial impacts are only one piece of the larger picture. Some people may find ways to adjust their financial strategies, while others may need to focus on community resilience, legal protections, or other areas of preparation.
What matters most is recognizing the shift so people can make choices with clarity rather than just reacting as things unfold.
Thanks for your reply. I do fear for our future, especially after that debacle in the Oval Office.
Are credit unions safer than a bank?
No they are not! Credit unions are a bit of a joke to me, also, because they pay ZERO corporate income taxes. They’re a rip off in the bigger scheme of things.
Credit unions rely on private insurance. That private insurance relys on.... Traditional banking systems.
So no!
This is not true. They have a very similar insurance to fdic. They will not be safe either!
Not all credit unions are federally insured. FDIC & NCUA are federal agencies, but not all credit unions are federal credit unions.
All the more reason not to think CU’s are a better option than a bank. It always cracks me up when I hear people say they think CU’s are somehow better. They’re not.
Thank you for your response and advisement. Duly noted.
I was thinking the same thing: A foreign bank? foreign currency? c'mon what world are you living in? Not mine.
Agree. It’s incredibly hard to open a true overseas bank account, even in person. Usually you need to at least be a legal resident of that country. Not sure what this list of things to do will even do. Just having multiple accounts that are all linked to the FDIC doesn’t seem to do anything. What am I missing?
That’s a fair question. The reality is that for most people, opening a foreign bank account is difficult or outright impossible without residency or other legal ties. That’s why I’m not presenting this as a one-size-fits-all solution but rather as one of many ways people can think about insulating themselves from financial instability.
The broader point isn’t just about where to keep money but about breaking the illusion that the current financial system is stable. Even within the U.S., having multiple accounts across different institutions isn’t about “beating” FDIC limits—it’s about risk distribution. If one bank freezes accounts, sets withdrawal limits, collapses, or falls under political influence, having access to another can buy you time.
Not every suggestion will apply to everyone, and that’s okay. The goal is to get people thinking ahead and considering what they can do given their own circumstances.
What news outlet do you track to see how rich and financial institutions are moving their money (what they are doing vs what they are saying)?
How safe are Treasury bills?
Which makes you a potential victim of violence or burglary at least
Time to get a safe & move quietly
Survivor mode right here. Pivot and adapt.
That’s exactly what happened in Argentina. People rushed to take their money out of the bank.
Do these fuckwits in congress not remember 1989 or 2007?
How many MAGA idiots lost their jobs and then their homes?
They’ve dismantled the CFPB and now the FDIC? They want to invest US dollars into crypto? Oh yeah, remember all those pyramid schemes in the early 90s. How well did that work out for everyone.
Jesus, I’ve worked my whole life to have a little financial security, and now I have to figure out how to get my money out of the US? I guess I better go shopping for a good mattress! Call your Senators and Reps, EVERY. SiNGLE. DAY. Everyone needs to be in their faces any way possible.
I am so right there with you. Worked my ass off for just a little fucking security to end my time on this planet and now… now what?
What do you mean FDIC is being dismantled?
America is being dismantled, and I see little resistance, Luigi Mangione showed us how to resist in the only way billionaires understand!
Okay, get out there and do it, then.
And our Fuher Musk and his sidekick Felon 47 want to sell American citizenship to more Oligarchs. They really do want to crush this country.
The pillager class is removing all roadblocks to their economic looting.
Pillager class. Love it. Perfect description. I’m stealing it. 😉
They are going to bankrupt us so we become slaves.
Have seen this coming for years, the few ruling and the rest serfs, like the dark/middle ages.....
I think people will be in the street begging at cars passing by for a tiny bit of food. Dickens-level poverty. Begging the 1% for a few hours work for $2, possibly dangerous work, while those fuckers smirk at our lack of dignity. We’re bit players in their psychodramas. They can never have enough money or power. They are defective units.
The pillager class of defective units are truly the scum of the earth.
What do you mean?
Hoarding wealth is repugnant and displays a lack of empathy. Defective human.
And no birth control
Are credit unions a wiser choice?
Credit unions have their own vulnerabilities. While they aren’t as tied to major banks, they still depend on the broader financial system and regulatory environment.
And the NCUSFI (I think right acronym) for credit unions I’m pretty sure is still backed by the government
They are at the whims of private insurers.
Credit Unions use NCUA
Credit unions regulated by a different similar agency.
Nightmare!!!
I had a dream last night, well more of a nightmare than a dream. I dreamed that we had an election and a person with the initials DT had become President, but he had a person next to him with the initials EM who seemed to be the real one in charge. These two together from day one began dismantling the government. A great number of people lost their jobs causing great difficulty for them. There was no Mercy. They were able to convince their supporters that this was a positive cost cutting method that would benefit them. No government department speared their cruelty. They were able to get control of all the security systems of the government. They were able to control the press, the pentagon without resistance. The courts stepped in but they were ignored by this group. This group had the support of the corrupt Supreme Court. Mass Confusion is the only way to describe what was happening. They knew what they were doing and they knew they had to act fast.
They caught this nation by surprise. They used the BLITZKRIEG method.
During World War II, Germany referred to its rapid, surprise attacks on other nations as a "Blitzkrieg," which translates to "Lightning War" in German; this strategy involved quick, coordinated assaults to overwhelm the enemy before they could fully mobilize.
I believe we the people have become the enemy of the billionaire class in this nation.
In my nightmare they had taken over control of everything, The media, the military, the courts, all government programs, social media, etc. and finely the people. When Conman was running for office, he said that after he was elected you would not have to vote anymore. I thought this was a very strange thing to say. Now I realize based on what he and his minions have been able to accomplish what he had in mind. As a President with unlimited powers (according to the Supreme Court) he is going to pick two loyal Senators from each state. They intern would pick a loyal governor to run the state and they intern would pick loyal representatives from each district in their State to represent their State in congress. The master plan is now complete.
The history books in the future will tell of a once great nation that started out with a bang and went out with a whimper.
NO NO NO , I woke up breathing heavily, my heart was pounding. This cannot happen. There are hundreds of thousands of people out there protesting. This is important, but they expect this and can deal with hundreds of thousands of protesters, but they cannot deal with millions in each state coming out and going after them. Speak up and act now, that window is closing fast. There are still people in the media that we can trust who are speaking up and spreading the word. We need to seek these people out and support them. I also believe there are leaders out there who can guide us to a better future. We Desperately need to find them. Help spread the word.
I had the same dream 😒
To those questioning the veracity of this - it’s all in Project 2025. This CR author is just warning us about how it’s playing out right now.
Thank you so much for this article! There's so much happening it's hard to pay attention to everything but this is very important.
If there is no longer FDIC protecting our money what happens to the banks if we all withdraw all our money and put it in banks in countries that can strongly protect it?
Do you think that the big banks will fight to get FDIC back? When all is said and done, don't we as ultimately have the power of the purse?
That’s exactly the question people should be asking. In theory, yes—if enough people moved their money to banks with stronger protections, the financial system would feel pressure to adjust. But in practice, it’s intentionally difficult to open foreign bank accounts, especially for Americans.
Most major foreign banks won’t accept U.S. clients due to FATCA (the Foreign Account Tax Compliance Act), which requires them to report to the IRS. Those that do often require high minimum deposits, in-person visits, or residency in that country. Even friendly banking hubs like Switzerland or Singapore have been closing doors to U.S. citizens over the years.
This isn’t an accident—it’s a way to keep people trapped in the U.S. financial system while giving them the illusion of choice. The ‘power of the purse’ exists, but only to the extent that the system allows it to. That’s why it’s so important to understand these dynamics now, before the walls close in even further.
Thank you for the information. I appreciate it.
It appears from my 3 hrs of phone research that Canadian banks will allow us to open accounts, but one must do so in person. A signif % of the US pop'n lives within 200 miles of Canada. It is hard but not impossible.
If the US collapses...doesn't the rest of the world? Or is that a lie too?
I don’t know the answers to all the questions but theoretically if FDIC is taken down those of us with our life savings in banks, savings accounts and CD’s could LOSE IT ALL…poof disappeared! 🤬🤬🤬🤬🤬🤬
How is that even possible. For f-ks sake. Stop the takeover. Lock out the bastards from data etc.