Earlier this year, I told people to consider buying savings bonds and moving money to banks in other countries in case something bad happened to US banks and the Federal Reserve. I didn't want to be right, but the campaign to fire Fed governor Lisa Cook is alarming.
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I have been stocking up on non-perishables and days like today make me want to keep doing that!
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Don't forget precious metals. They are the original currencies. Gold has been legit for several millennia now.
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Which savings bonds?
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That should be I Bonds, yes? To protect against the extreme inflation we're expecting?
Can we even trust the US to honor the rules around paying out bonds on cash-in?
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Never so glad to have almost no money at all!
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😮💨
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Last October, I asked my financial advisor to move most of my RRSPs out of anything American. I'm doing fine. Others? Not so much.
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Too many Americans can't see how the actions of the current administration are going to cost us in the long run. Price floors are being raised, and that will become worse if the dollar's value falls.
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Donald Trump appears to be betting against the dollar.
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Lots of foreign banks hold US debt-if the US tanks we are all going down and there is no safe haven
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I'm wondering how this will affect Credit Unions. 🤔
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Euros.
Buy Euros and hang onto them.
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4 months ago... bsky.app/profile/says...
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It’s time for Jerome Powell, Phillip Jefferson, Michelle Bowman, Michael Barr, Christopher Waller to SPEAK OUT! They have a responsibility. They are the OTHER BOARD MEMBERS.
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I hate to ask, but in general working class people don’t get ideas for what they could do. For those who are lucky enough to have been able to save some for a rainy day, what could they do to protect their money? If you have $10k, or $20k etc. Can you move smaller amounts to other countries?
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Every stupid move of Trump being above the law is alarming
Like bells ringing
5 alarm fire
