3min chapter

The Loonie Hour cover image

Canada Has a Massive Opportunity in the Energy Sector

The Loonie Hour

CHAPTER

The Fed's Guarantee of Bank Deposits

The key message that i wanted to get into before before rich comments as well is that there's been a conversation now in the last three days whether the u.s will should or can guarantee term deposits for the whole banking system yellen was asked the question power was also asked the question uh we're gonna get it up here in Canada as well you just know that that's coming. From a financial perspective they can't do it there's not enough money available to do it unless you have a printing machine then they can do those things but then you need central bank digital currencies behind it to stop all that if any country goes down the line of guaranteeing deposits in the banking system it automatically shifts

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