If the administration starts undermining the FDIC, I'm pulling my savings out of the bank. Would a mass exit of funds harm the banking sector? When I brought this up to my financial advisor, he sounded so tired and depressed as I was not the first of his clients to bring this up.
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https://www.cjonline.com/story/news/crime/2024/05/28/kansas-bank-ceo-embezzled-millions-in-crypto-scheme-that-killed-bank/73843999007/
The problem is if they go into Fort Knox and say all the gold is gone and the Biden administration stole it, then they’ll say there’s nothing backing up the dollar and say you must put what is left in your banks into cryptocurrency