Can we have a thread about what the hell to do right now?
🗣️ DISCUSSION 💬
First of all, I'm an idiot when it comes to anything financial. I know many of you aren't. What is the safest thing to do with the money (fiat) that we do have right now? Leave it in our local bank? Credit union? Keep it as cash in my sock drawer? Also, the money in my 401k? Switch it over to bonds or something else I don't fully understand? Any thoughts from someone who's been paying better attention to these things than I?
Seems like you’re the guy who kept downvoting me, only one who disagreed. As this plays out, it’s very clear the small banks are the losers and it’s by far. Major banks will be the only ones around. Just like how computers are only Microsoft and apple. Phones are only Samsung and apple. Banks will only be the major4 come this banking crisis.