Understanding: "The looming QUADRILLION dollar derivatives tsunami."
(scheerpost.com)
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Question that may already have been answered - is putting savings in a local Credit Union any safer? Thanks
No derivative exposure could be safe bet.
It might be safer that banks, but if it's much at all, I'd put it into food and other supplies. If you have at least a two year supply, then the excess could go into silver, which is underpriced. If you're wealthy, buy real estate and gold.
Someone posted yesterday that even his local credit union limited withdrawals to $500 Then there’s the exposure to mortgages that affected the credit Unions in 2008 (per somewhere I read) Hence my inquiry. Thanks.
Mine limits withdrawals to however much I have left in the account. :)
Seriously, the ATM lets me get up to $400 per day. So it wouldn't take long to zero my account.