Ok Anons,
So where are you guys putting your cash now?
Most of my money has been reinvested into my business via debt and personal cash.
My cash account only has money for bills, food and entertainment.
I am looking to park my cash into a "Safe Space" lol :)
What are your thoughts?
I want to setup a transfer on Chase. So if the shit hits the fan.
I can pull it out.
Where should I park my money for bills, food and entertainment?
Pulling out the physical cash isn't going to help because this is for paying bills.
Thoughts?
Pay off whatever debts you can and move any remaining cash into a local credit union. Most of the bank debts in America are in the form of derivatives...which is just debt owed to each other in the banking system. There is no tangible thing backing a derivative except the bank itself.
BUT!!! Credit Unions are prohibited by law to invest in derivatives.
Any suggestion on a Trusted Credit Union?
Digital Federal Credit Union
Check around your area. Here in East Tennessee we have Y-12 Credit Union and others. Ask friends you trust.
Will do.