[cobra de capell]

True - the FDIC is really all smoke and mirrors, for example if B of A or Citi Bank went down, the FDIC would immediately run out of funds and have to look to the Federal General Fund for a huge amount of money - in the trillions. Basically, the FDIC is backed by the full faith and credit of America. Now, since America is practically bankrupt and with Obama basically doubling down on the deficit, we could possibly be all screwed if the banking system is not provided TARP funds in the trillions.

Therefore, if Bank of America or Citi bank go down, American currency will end up practically worthless.

Think, guns and ammo.