If you are not familiar with the workings of the Federal Reserve and its REASON FOR EXISTENCE, then do some reading (“Creature from Jekyll Island” by G Edward Griffin, “The Case Against the Fed” by Murray Rothbard, some others…)
Ultimately, in fact almost entirely, the FDIC is backed up by the printing presses of the Fed(eral Reserve). When a bank fails, the Fed “rescues” them, and everybody sighs in relief, wondering if Super Man (the Fed) would show. How does the Fed “rescue”? They print “Federal Reserve Notes”, then lend them to whomever, thru the Treasury, AT INTEREST, to be paid back to the FED, by the Treasury, IOW, by YOU the TAXPAYER. If the recipient defaults, we go thru it again, where the Treasury “restructures” the loan, IOW, keeps the interest payments coming, ultimately at the expense of the TAXPAYER.
The Fed prints “money” (they print FRN, not gold), loans it at interest, gets paid back with interest. Isn’t this counterfeiting? Some say it is not because it is legal according to the Federal Reserve Act of 1913. If you or I do this we are hauled off to jail. If a privately owned organization (this is TRUE organized crime!!!) that is granted monopoly privileges, in fact created and maintained as a monopoly by the Gov’t, in violation of the Constitution, does it, it is now the superman who “rescues” us from “the free market”, virtual sainthood.
But if you look back you will see that nothing that we are being rescued from was ever, in spite of what we have all been told by all indoctrination sources, including media, public, and yes private universities, was ever due to a any actual “free market”. Rather, these events were the result of criminal acts which were not recognized and prosecuted as such, here primarily FRACTIONAL RESERVE BANKING, and later the same acts MADE LEGAL by such laws as the Federal Reserve Act.
The Fed was CREATED for the purpose of its owner controlling, acquiring the World’s wealth, by means of counterfeiting and lending to the Gov’t AT INTEREST. “Saving” FDIC, or Bear-Stearns, or AIG, or whatever is not an act of virtue on the part of the Fed. It is an act of raw criminal greed. It is also part of the ENGINE of INFLATION, because for every dollar (FRN) the Fed prints, the value of every dollar you worked so hard for, then scrimped and saved, just got reduced, because that new dollar dilutes the pool of dollars competing for any legitimate purchase. Adding insult to injury, that new FRN is worth MORE than your FRN because it is spent at full value at the beginning of the inflationary process, before the value of your dollar is slashed, whenever you spend your dollar.
Guaranteeing your money by the FDIC? This means that you will not lose possession of your FRN’s, but it ALSO GUARANTEES that the value of your FRN’s will be diluted and reduced by the Fed when your or anyone’s account is “insured”. Along with all the other inflationary Fed counterfeiting.
The increase in consumer prices is not Inflation, but is a result of inflation. Inflation is the arbitrary increase in the money supply. This cannot be done with Gold, Silver, Copper, Nickel, Platinum, etc. The Fed inflates, via printing paper as DEBT, electronic creation, etc, and their motivation is no different from that of the criminal counterfeiter. However the Fed does this criminal act on a MASSIVE, ONGOING, INSTITUTIONALIZED AND LEGALIZED BASIS.