Obama did pass the legal framework for the banks to “bail in” peoples deposits after they crashed is in 2008 to “prevent banks from failing”. I don’t believe money is safe in a bank of any sort. I would agree that moving a 401k to a bank isnt really doing anything to end the FED and it is using the FEDs other arm as a security blanket.
If it were me I would get my 401k out of others pockets and into another asset other than dollars . When all the boomers start retiring we may find out these savings plans are ponzi schemes. Gold is valuable, always has been, it is the standard that currency measures. It is what our congressmen are hiding in jacket pockets in their closet. Ideally it’s safe, just as safe as you can make it.
Obama did pass the legal framework for the banks to “bail in” peoples deposits after they crashed is in 2008 to “prevent banks from failing”. I don’t believe money is safe in a bank of any sort. I would agree that moving a 401k to a bank isnt really doing anything to end the FED and it is using the FEDs other arm as a security blanket.
If it were me I would get my 401k out of others pockets and into another asset other than dollars . When all the boomers start retiring we may find out these savings plans are ponzi schemes. Gold is valuable, always has been, it is the standard that currency measures. It is what our congressmen are hiding in jacket pockets in their closet. Ideally it’s safe, just as safe as you can make it.