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08-28-2021, 04:32 PM
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Soaring Eagle member
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Join Date: Dec 2015
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Quote:
Originally Posted by golden
Dear Aces4-
You are correct that the Feds can print money and the states cannot.
As I mentioned, in the event of a total financial collapse. since insurance companies invest in stocks, bonds, and real estate, none of those assets are likely to go to zero and those holding annuities will receive some money back.
In the case of FDIC with multiple banks going under, the Feds can "bail out" depositors by printing worthless currency. It has been suggested, however, that the more likely scenario is a "buy in" whereby depositors are given stock in the bank that went under.
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True, the Feds could do that but it hasn’t happened in the recent past financial debacles.
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