Joe's plan is apparently to bankrupt the FDIC early on in the financial collapse - to protect Big accounts that exceeded the $250,000 limit on the insurance - so 1%ers all the way. Then when the sh_t hits the fan... they're going to tell people with far less than that limit - that "the money (to cover your life savings) is all gone...sorry".
And don't forget that Joe wants to switch over to remotely controlled, tracked and traced CBDCs, too... Coincidence? Wait til he's crashed the economy, before you answer.