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re: Serious question - should I go pull my money out of my bank on Monday?
Posted on 3/12/23 at 7:47 pm to Yaboylsu63
Posted on 3/12/23 at 7:47 pm to Yaboylsu63
The end is near. Trust me.
0
Posted on 3/12/23 at 7:57 pm to Yaboylsu63
quote:
my accounts are within the FDIC insured amount,
You have nothing to worried about. SVB accounts were large amounts held by corporations and tech companies and that's why they were uninsured.
if you have more than $250k then you need to spread that out across different ownership categories or different banks. If you and your spouse both have access to the account then the limit is $500k.
The Feds will not become insolvent. They can just print more money.
Posted on 3/12/23 at 7:57 pm to cajunangelle
quote:
BTW: I said not all credit unions are fed backed FDIC insured because IIRC-The best bank on the planet earth- Navy Federal Credit Union, is.
Most credit unions are backed by the NCUA (National Credit Union Administration).
Posted on 3/12/23 at 9:01 pm to cajunangelle
quote:
Hey bud, I got three guns and ammo for your red beans and rice with andouille & kielbasa sausage.
Hey bud, gimme your food or I put a bullet on your head.
Posted on 3/12/23 at 9:13 pm to Tusksup
quote:
Panicky bitched like you will make this worse than it is. ? ? ?
Demonkkkrats deserve it for voting for this. Everyone should do what's best for themselves at this point, especially if it hurts Demoncrats in the process. Could care less what happens to em.
I'm done with people like this...
Communists, Feminist supremacists, BLM supremacists, LGBTQ supremacists, Muslim supremacists and Synagoge of Satan supremacists can get bent.
Posted on 3/12/23 at 9:19 pm to Zach
quote:
pull your money out because cash will be very valuable on the black market
Cash wont be worth anything in a black market economy like you speak of. It has no intrinsic value outside of a larger economy that uses dollars.
Posted on 3/12/23 at 9:46 pm to Masterag
Cash is a treasury note. Same as a casino chip. Once the dollar crashes we can burn it for heat like pre nazi germany.
Posted on 3/12/23 at 10:02 pm to THog
quote:
Cash is a treasury note. Same as a casino chip. Once the dollar crashes we can burn it for heat like pre nazi germany.
You can almost say the same thing about anything. I remember a TV show called Jericho. It was about the US being nuked on its own soil with dirty bombs and they take out the Congress and President during a joint session of Congress. The show took place in a fictional town called Jericho.
There was one character that lost her parents that were wealthy. In one trip outside the town, she tried to sell some of her parents gold jewelry. No one would take it because they thought it was contaminated and stolen from someone that died from radiation poisoning. So the lesson here is that even gold can become worthless. It only has a value when it is needed. If you take the need out, it now worthless.
Posted on 3/12/23 at 10:09 pm to Tarps99
We are gonnalive as hunter gatherers or sign up for nu-new deal, owning nothing and being happy.
Posted on 3/12/23 at 10:21 pm to Tarps99
One is a complete fricking moron if they have a credit card with 30% interest rates. May as well get a loan from Vito in a track suit at the local Italian restaurant.
Posted on 3/12/23 at 10:27 pm to AURulz1
withdraw enough cash to carry you for a couple of weeks,i believe small banks will be safe and credit unions,this is how the financial reset comes in.
Posted on 3/12/23 at 10:29 pm to Mo Jeaux
quote:
And keeping it where?
I have primary checking and savings with BofA and another checking account with a local credit union that I use solely for my rental property. I also have a boat note with the credit union. Thinking of moving my savings from BofA to the CU since I owe them more than the savings account would be. I figure that if I write a check from my credit union account to cover a credit union debt, they'll have no choice but to accept it.
Posted on 3/13/23 at 3:30 am to cajunangelle
quote:
Not ALL Credit Unions are FDIC insured-always check...
Pretty sure no credit unions are FDIC insured
Posted on 3/13/23 at 3:32 am to cajunangelle
quote:
-The best bank on the planet earth- Navy Federal Credit Union, is.
Nope, they're not FDIC insured at all.
Posted on 3/13/23 at 5:52 am to Yaboylsu63
A shoebox in your closet is the answer
Posted on 3/13/23 at 5:59 am to Tarps99
Loved that show.
That’s when I bought my salt mine
That’s when I bought my salt mine
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