Money in the Bank: Does It Still Mean “Safe and Sound?” — Je ne crois pas!
In our time, people consider bank deposits to be — somewhat — ‘guaranteed’. Of course, nothing material about speculative assets can be ‘guaranteed’. The other day, EWI explained why bank deposits are de facto speculative investments and why any guarantees pertaining to them are based on shaky grounds (at best!). See below for the video narration of the article.
Recommended: Charting the Federal Reserve's Assets - 1915 to 2012