Wayne Jett: China Virus Accelerating End Stage of Fiat Currency Disease, Huge Bank Bailout Coming Because of China Virus

Wayne Jett is an accomplished lawyer who has argued cases in front of the U.S. Supreme Court. Jett is also an expert on the Federal Reserve. If the derivatives market blows up because of the China virus chaos, will people lose their money in the banks? Jett says, “That is correct. That is exactly what the design is. As a result of the tremendous amount of derivative risk big banks have taken on, it exposes the FDIC and it would wipe it out in moment. So, there would be another need for another bailout. It would make the $700 billion bailout of 2008 look like chicken feed.”

 

129 views

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.