# @peterschiff on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/CyyISlPOxSr
- **Gondola URL:** https://gondola.cc/posts/9699787-peterschiff-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/thumbnails/7290ce0e6c.jpg
- **Posted:** 2023-10-24T13:29:39.000+00:00

## Caption

Thanks to the #FDIC and the #Fed the #US #banking #system is #insolvent. The only way to prevent a #collapse is for the Fed to create massive #inflation. Either way depositors will get wiped out. Either they'll lose their deposits, or their deposits will lose their purchasing #power.

## Stats

- **Views:** 0
- **Likes:** 1,354
- **Shares:** 0
- **Comments:** 66

## Tags

power, us, inflation, collapse, insolvent, fdic, system, fed, banking

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