While the United states Armed Forces (private mercenaries) are stationed at 737 bases, in 130 nations around the world, defending “all freedom-loving people everywhere in the world,” the five-member Board of Directors of the Federal Deposit Insurance Corporation, votes to require its 8,100 captive client commercial banks to make 45,000,000,000 “dollars” in accelerated premium payments (normally due over the next three years) within the next six weeks. This is to partially cover an anticipated 100,000,000,000 “dollars” in commercial bank failures over the next four years. Many of the smaller banks raised their objections to the proposed tax increase as they were not the ones that made the same foolish investments that the “too big to fail” banks did.
NOTE: This is the further realization of plank number five of the “Communist Manifesto” by Karl Marx.
[added 1/22/2022] Thanks to Freedom’s Phoenix for this entry.
Subsequent Events:
Authority:
“Law of the Jungle”
ccc-2point0.com/preface
References:
Herald Banks in Ga., Mich., Minn., Mo., Calif. Closed | The Sierra Vista
www.svherald.com/content/2009/11/06/banks-ga-mich-minn-mo-calif-closed
Lending Declines as Bank Jitters Persist – WSJ.com
online.wsj.com/article/SB1259076/316/046/6/2501.html/?mod=WSJ_hpp_MIDDLTopStories
Ohio.com – U.s. banks prepaying $45 billion in insurance fees
www.ohio.com/business/6/9858897.html
Communist Manifesto 10 Planks
www.libertyzone.com/Communist-Manifesto-Planks.html