federal deposit insurance isn’t going anywhere. it would absolutely destroy confidence in the banking system and likely lead to a global financial crisis that makes what is happening right now look like a tiny little blip
Neither is going to happen. The stock market is going down, but it will recover over time. Deposit insurance isn’t going away, even if the administration is restructured..
As others have said, physical precious metals, land, and other tangible assets would be the alternative.
Non-perishable food, water, medicine and ammunition. If you haven’t stocked up now stock up as much as you can starting now, because there will come a day when there is no longer an option to do so.
Speaking as someone who works in banking, if the FDIC is dismantled banks will turn to or create (more expensive) private insurance funds, so in that case make sure you keep your money at a bank that is insured by a good one.
It doesn’t go poof. The assessed value of your assets is simply different. The following day Mr. Market will again re-assess the value of these assets.
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Lots of options:
federal deposit insurance isn’t going anywhere. it would absolutely destroy confidence in the banking system and likely lead to a global financial crisis that makes what is happening right now look like a tiny little blip
wtf makes you think the FDIC will be dismantled?
Under your mattress. Safest place ever. Or better yet, just don’t save anything and YOLO your way through life.
/s
If you think FDIC is going to vanish and the banking sector, buy physical gold.
Neither is going to happen. The stock market is going down, but it will recover over time. Deposit insurance isn’t going away, even if the administration is restructured..
As others have said, physical precious metals, land, and other tangible assets would be the alternative.
Non-perishable food, water, medicine and ammunition. If you haven’t stocked up now stock up as much as you can starting now, because there will come a day when there is no longer an option to do so.
Unless you put all your money into physical goods, there is no protection.
US money only has a value because the government says it has a value.
Doesn’t matter if you have stocks worth 300 million dollars, if there’s no dollar, it has no value.
Speaking as someone who works in banking, if the FDIC is dismantled banks will turn to or create (more expensive) private insurance funds, so in that case make sure you keep your money at a bank that is insured by a good one.
As noted: crypto under cold wallet storage, gold, real estate, art, anything physical that’s valuable really. De-dollarization is happening too
gold, or guns and ammo
In their butt.
You can invest in emerging countries like Brazil, Mexico, India, China, etc.
I have mine in 3 month treasury funds . You get 4.35 percent return currently
It doesn’t go poof. The assessed value of your assets is simply different. The following day Mr. Market will again re-assess the value of these assets.