One of those generally accepted truths that most people believe is that banks are safe.
We seem to be told this for our entire lives… that banks, in their grandiose buildings and marble floors, are veritable rivers of money.
We’re also told that bankers are conservative fiduciary stewards, unflappably restrained in managing other people’s money. And even in the infinitesimally unlikely event of an anomaly, the government is standing behind the banks to ensure that depositors don’t lose.
It seems that even banks are letting people go in the United States, despite the central bank printing $1 trillion annually to prop up the labor force.
It turns out that the Fed’s quantitative easing measures are so ineffective, they can’t even ‘create jobs’ in their own industry!
Source The Sovereign Man