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35 sats \ 3 replies \ @0xIlmari 13 Feb \ parent \ on: How fiat will kill itself econ
Oh I'm sure they would bail them out. Everyone at working age has a pension plan. And most people would be content with it because they do not understand that bailout money ultimately comes from their own pockets anyway via debasement.
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Pretty sure every protection or insurance fund, be it for pensions or bank deposits has limits on size and generally holds enough money to bail out one, maybe two failing institutions.
In case of a systemic failure I'd assume all such schemes to be basically tits up and "please central bank bail us out of our idiocy so we can continue to scam our customers".