E301 Why Bitcoin Will Die (w/ Peter Schiff)
Impaulsive with Logan Paul
00:00
The Federal Reserve Guarantees All the Bank Deposits
The government insures all the bank deposits. That was a horrible idea, because now nobody gives a damn what the bank does with their money. We socialize the losses, but privatize the gains. The banks know people don't care how risk, what kind of risk they take. Every major bank in america will fail if the federal reserve does what it needs to do to save the dollar and stop inflation. They would rather protect the banks than protect herog the fuels this country.
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