I get it.. they’re going belly up and not protecting the little guy taxpayer. Amd we’re all screwed
But how does it trickle and spill over from one to another? How is the stock market tied in, gold and silver tied in, China/Russia, fed reserve printing like its going out of style, hyperinflation, bailing out other countries banks. WTH? So confusing!!!
Any links or info I can use to fully understand this would be Great!
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Credit unions are different then banks, but, and i mean a big but, they dipped their fingers into the honey pot aswell. Don't be surprised if credit unions start going belly up. They are all intertwined. That being said, i would pick a credit union over a bank any day
After the 2008 Hub-Bub...I DID...so glad too because I am not in the quagmire that most are int!!!
I just dumped BOA for a local credit union, because I’m hoping that it’s safer and because BOA sucks ass and deserves to die.
Amen and hallelujah!
Credit Unions are legally and organizationally under a different structure. Since they are member owned they are not as likely to suffer from behind the scenes shenanigans. That said, I am not an expert by any means.