New Numbers From the Federal Deposit Insurance Corporation (FDIC) Show Americans are Pulling Their Money At a Pace Not Seen in Yearly Four Decades
By BRICSTether
New numbers from the Federal Deposit Insurance Corporation (FDIC) show Americans are pulling their money at a pace not seen in nearly four decades.
According to the FDIC’s newly-released quarterly report, depositors took a total of $472 billion out of their accounts in the first quarter of this year – shattering a 39-year record. It’s jumped to $1 trillion by late May.
A BRICSTether.com spokesperson, said many are fleeing as they intuitively know the US banking system is not only insolvent but the FED Reserve, which is effectively a private group of bankers. They dictate policy to the Biden Administration and lend money printed from thin air to the US Government, which exports its inflation Globally. This is a form of theft from the world, made possible only by its reserve currency status. The BRICS Nations, & 30 more nations joining, are urgently seeking an alternative, to a BRICS currency.
BRICSTether.com launched as a 100% asset-backed stablecoin, as one alternative to the USDT, and is backed by BRICS Digital Bank.
