5min chapter

Turmoil in the Global Banking System: Causes, Remedies, Opportunities

This Week in Intelligent Investing

CHAPTER

The FDIC and the Deposit Insurance Program

The FDIC and the deposit insurance program that was instituted during and after the Great Depression is one of the most successful regulatory regimes in the history of man. I would not at all be surprised if this continues to spiral a little bit with a few more banks or if you see uncertainty and volatility over the next 6-12 months. But like, as of right now, the issue just was that you had a massive influx of deposits and banks exists. And so again, without zero interest rates and negative rates in a lot of the world, and certainly negative real rates,. none of this would have happened.

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Speaker 2

That's really cool. I will sure that, having read your development log on your sight on a 12 minutes game dot com, yet, it's really cool to watch your process andnd that you were open about it and wad what was was ian easy decision, just to be opened from the very beginning about the process you were taking, or did you have to wrestle with that one?

Speaker 1

Ah, there was a couple of reasons. Like, as an artista, every time you learn a new tool or like or you want to learn a new skill, it's very useful to to catalogue your development, because you don't, it's very hard, from your perspective to see any progress. Like if you're learning a new skill, and doing a blog as an artist is very useful because you can seeye now, i know how to draw an ado me, or whatever. Because i can't see the drawings i was doing three months ago that i made a blog about. So i wanted to do the same process for myself, to see the evolution of this process i'm going through. But on the other hand, i also realize there there won't have many resources. I mean, lucas pope ontic sourc is a very big inspiration for me, where in oberden paper plet. He shares every single and i wanted to kind of, ye also share this, this journey with it other developers and and just be open about it. I think it's i mean, i'm actually writing nowa a more indept making off, because now i can share in all the spoilers and all the struggles, and even the prototypes that no one ever saw.

Speaker 2

That's great.