U.S. bank failures rose to 72 this year with the collapse of two lenders in Florida and one in Oregon amid the worst economic slump since the Great Depression.
The needle on the FDIC's reserve fund gets closer to empty with each new insolvent bank. With the Fed decidedly in favor of monetizing all new U.S. debt, our path to massive inflation is assured once the FDIC calls upon its credit line at Treasury.
