Loading ...Get out of cash now – different liquid options
Hi – I’m sure I’m not the only one getting daily emails from various financial people about getting out of banks and cash. They however fall short on giving solutions. Moss mentioned that credit unions are better/safer and of course no big banks. Do you agree – credit unions? I’m looking for some other liquid solutions if you have any. Have the PM thing covered but need liquidity…Also thought if you cant beat them, join them and put it all in vanguard 🙂
Thanks
Not much else we can do
Keeping under 100 K in any one bank is a good idea.
Who know what they would do in a collapse
I have a credit Union Account too
Cash of course
and PMs
no guarantees anymore
Thanks – just want to be sure I have things covered as best as possible – that really is all we can do..Catherine Austin Fitts talks about using local smaller banks not FDIC insured but some other type of insurance. Have not found one of those yet..this is in the US
Do your grocery shopping for the next 2-3 years. Think LT shelf life. Buy items anybody would like to need so you can barter. Maybe it is possible to pay 12 months of utilities afront or make deposit so you have that covered. Go to a farm (if you do have not self one) … make deposit for future beef, chickens, vegetable, etc.
If you still need liquidity than ask yourself ‘what for’? IF so, you do not need liquidity!
Here in the U.S., I would avoid commercial banks.
Credit unions have much less risk as they are much more conservative in their lending practices.
Also, local savings banks are typically more conservative in their lending practices.
Here is a link that provides safety ratings for credit unions and banks.
https://www.bauerfinancial.com/star-ratings?ref=#2-loadhere
Thanks – All great ideas. One of my banks is on that list so I’m doing some things right…I am so grateful for this group – I can’t tell you..
Search out the nearest Amish paradise; make friends
https://www.youtube.com/watch?v=xo74Dn7W_pA