These times remind me of my Grandad buried 25,000 dollars in his front yard when so many banks collapsed during the Great Depression that banks absolutely couldn't be trusted. Sort of like now.
There still are a few banks that seem to be okay like Wells Fargo, Bank of America and Chase. I'm not really sure anymore what other ones are good because of all the bank failures.
It is a time to at the very least put away cash enough for 3 months and or gold into a safety deposit box. Note: a safety deposit box in a bank is different than having money deposited in an account. Money in an account could be lost if FDIC doesn't cover it(over 100,000 in any banking system even with multiple accounts in the same name). However, in a safety deposit box all you are renting is the box and the bank has no right to know what you put in the box or what you take out as long as you pay your safety deposit fees on time. Also people put in take out put in take out whenever they want. These times deserve about 3 months worth of monies or gold in a safety deposit box to protect you and your family from your bank (or the government going belly up). Think about it.
To the best of my ability I write about my experience of the Universe Past, Present and Future
Top 10 Posts This Month
- A Tragic Loss | Tesla Motors
- These Are The Possible Future Leaders Of Britain
- Transhumanism from Wikipedia
- It looks like I wrote this in 2002 which is the year after 9-11
- Cancer rates 1900 to 2000 and beyond
- Ray Kurzweil created the idea of the Singularity in regard to Artificial intelligence. He believes it will come by 2050
- How to Survive a Potential Recession
- doctor visits due to flu reach highest level in 30 years
- Climate change, new construction mean more ruinous fires
- 'First to sue': Opposing Trump's desire to end birthright citizenship is personal for this AG
No comments:
Post a Comment