FDIC is bankrupt

...The European banks are going to have problems, some will go bankrupt, but American banks have problems too. 

The U.S. Federal Deposit Insurance Corporation is bankrupt, and while it is still there, once the bank system starts having problems, it cannot meet its obligations.


Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.