The Fake News says that "small regional banks" are vulnerable. They are pushing us to move money INTO the big banks. But look at that again. The amounts less than $250,000 are insured no matter where they are (although by a government a gazillion dollars in debt).
I don't know about you, but I have NO PROBLEM banking less than $250,000. Kinda wish I had that problem.
Also, remember that limit is per type of account and per person.
What is NOT insured are the amounts over $250,000. I had no idea there was that much money above the insurance cap parked in banks. But now I do.
Their vulnerable spot.
It looks to me that the safest place to put money are smaller well-run banks and credit unions who have a large number of small depositors and small loan customers. It's those high-flying techie bullshit companies that create financial chaos.
Also, how 'bout using credit cards not at all or less, so Visa and MasterCard make less money? And, of course, not using Amazon, etc.
GLOWIES!! Threatening to arrest Trump was a WAY stupid idea. We are way smarter than you are, and there are WAY more of us. You need us. We don't need you.
WE are not dependent on a high-flying lifestyle. We are perfectly happy with family, home, neighborhood, church. Many of us have paid-off mortgages and live simply. It is the Globalists who are vulnerable, and have their lifestyle dependent on billions of fake dollars floating around in banks. Plus these are people with zero practical job skills who would be out on the street without their fake dollars.
Thoughts?
Agreed. We are planning on withdrawing some $ from a regional bank and depositing into a small credit union we learned about. We also have been withdrawing cash and keeping at home in a safe. Also, been buying silver and keeping it my safe, both uncirculated 1oz coins as an investment as well as “junk” silver quarters (1964 and earlier). Living more frugally.