Anyone know if credit unions in the US offer better protection
against government confiscation as seen in Cypress? Just
curious to see if it would make sense to keep some savings out of
the "bank".
for CU's unlikely any difference, they have their own version of
FDIC. Fyi- as long as the US $ remains the world's reserve currency
we have little to fear. Once that is no longer true (or the
market's fear that is no longer true).... you know what will hit
the fan...
and these market's will come apart at
the seams, real quick.
Cypress Fallout
Posted by oops1e on 18th of Mar 2013 at 03:02 pm
Anyone know if credit unions in the US offer better protection against government confiscation as seen in Cypress? Just curious to see if it would make sense to keep some savings out of the "bank".
$ deposit/protection
Posted by hazbin1 on 18th of Mar 2013 at 03:24 pm
for CU's unlikely any difference, they have their own version of FDIC. Fyi- as long as the US $ remains the world's reserve currency we have little to fear. Once that is no longer true (or the market's fear that is no longer true).... you know what will hit the fan...
and these market's will come apart at
the seams, real quick.
How many times?
Posted by caddpro123 on 19th of Mar 2013 at 07:59 am
How many times has history recorded "it can't happen to us"
Thanks, seems to be what
Posted by oops1e on 18th of Mar 2013 at 08:09 pm
Thanks, seems to be what I'm reading as well. Guess it's best to keep some cash in the mattress just in case!
what's in your mattress?
Posted by hazbin1 on 18th of Mar 2013 at 08:11 pm
cash is fine, however, might i suggest Yuan?