Checking/MM Accounts and FDIC

[MtnCreek]

Thoughts on USDs in banks and FDIC insurance? Safe? If there's doubt, any other sensible options?

 

[Alphatreedog]

All my money is on coke and hookers .

 

[hlee]

All my money is on coke and hookers .

Smart man. Listen to this guy.

 

[Alpine 338]

I invest in precious metals. Mostly Brass, Copper, and Lead.

 

[DanGroves]

I invest in Lots and Houses. Lots of whiskey and whorehouses, that is...

 

[Nik H]

Thoughts on USDs in banks and FDIC insurance? Safe? If there's doubt, any other sensible options?

There really isn't and that worries me as well now that the 10% limit on cash on hand is no longer. You're covered to $250K per depositor...that is it...

You can take it out and put it in your mattress if that makes you feel better. If you think of anything, let me know

 

[HeavyAssault]

With the FDIC working: Seems like as long as the GOV is working you should have no problems.
With the FDIC not working: There's other things that will be more "valuable" than greenbacks.

 

[Alpine 338]

Runaway inflation would be a concern, and your money could be worthless.

 

[DanGroves]

Runaway inflation would be a concern, and your money could be worthless.

I can see no other outcome than high inflation resulting from the Gov printing trillions for the hand outs...