the Department of the Treasury will make available up to $25 billion.
OK sounds like a lot. Not as much as what was sent to Ukraine. But hey, at least they are printing money FOR the US public, Right?
However, as the article points out,
more than 19 trillion dollars is deposited with U.S. banks. Hang on a second, we are talking orders of magnitude here. A trillion = one thousand billion. Three zeros more.
So what this article is actually saying is that just over 0.1% of deposits are 'guaranteed' with this little effort to run 'cover' for the banks. Not to mention that
U.S. banks are now sitting on 620 billion dollars of unrealized losses.
So, 25 billion is a drop in the bucket. Literally.
I'll laugh maniacally the day all of the world is burning down around me knowing that the $100 Billion USD Zelensky has in his offshore account won't even purchase a cup of coffee.
Louis XIV had it made, an entire country dedicated to providing him, his family, and a thousand sycophant aristocrats with living a life of unbelievable wealth and luxury.
Worked out pretty good for him right up to the moment the people who he thought loved him shortened his neck.
From a person who can math a little bit:
They say they are making it so that
OK sounds like a lot. Not as much as what was sent to Ukraine. But hey, at least they are printing money FOR the US public, Right?
However, as the article points out,
So what this article is actually saying is that just over 0.1% of deposits are 'guaranteed' with this little effort to run 'cover' for the banks. Not to mention that
So, 25 billion is a drop in the bucket. Literally.
YIIIIKEs.
Perhaps they could find it in their hearts to send that 25 billion to Ukraine instead. Zelenski needs a couple new yachts.
I'll laugh maniacally the day all of the world is burning down around me knowing that the $100 Billion USD Zelensky has in his offshore account won't even purchase a cup of coffee.
Well, he's a happy camper for now. Maybe for a while.
Louis XIV had it made, an entire country dedicated to providing him, his family, and a thousand sycophant aristocrats with living a life of unbelievable wealth and luxury.
Worked out pretty good for him right up to the moment the people who he thought loved him shortened his neck.