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I'm giving it a non-zero chance that the bulls running through the china shop are going to try and eliminate the FDIC because of nonsense like this. I can't ima
by joezydeco 2y ago
I'm giving it a non-zero chance that the bulls running through the china shop are going to try and eliminate the FDIC because of nonsense like this. I can't imagine how bad the bank run will be if that happens.
- pjc50 2y agoEverything is probably ok-ish until this lot try to pass a budget, which will be Crank Central and we get to see what global Liz Truss looks like.
- CamperBob2 2y agoI don't expect a bank run -- where else are you going to put the money? T-bills? Got some bad news for you there...
- dole 2y agoThe Mattress, like everyone else.
- pjc50 2y agoThere's a constant stream of people advertising gold, silver and now cryptocurrency as apocalypse hedges. I still have the gold sovereigns I bought in 2008, but that wasn't anything like "all in", more of a shiny desk novelty.
- ben_w 2y agoDAX, FTSE, perhaps non-US bonds.
- unsnap_biceps 2y agoI keep pondering if I should stash a bunch of cash overseas in Europe or what not. But then I worry if the dollar crashes, does everything else crash anyway?
- AnimalMuppet 2y agoFirst, cash. Actual, physical cash. As much as they'll let me take. Second, why not T-bills? When would T-bills be a problem? If the federal government went down. Compared to a bank, which would be a problem if the bank went down. Well, which is more likely to happen? I think the bank is far more likely.
- joezydeco 2y agoThe cash approach is probably what I plan to do. At least enough for 2-3 months of expenses. If I keep overthinking this I would worry about hyperinflation, but one anxiety attack at a time, right?
- AnimalMuppet 2y agoNah. A bunch of bank failures are going to cause the opposite of hyperinflation. (I mean, hyperinflation could happen you while you're worried about bank failures...)