crediblebytes on Nostr: Find out how to shield yourself from the upcoming bank bail-ins with these tips. 1. ...
Find out how to shield yourself from the upcoming bank bail-ins with these tips.
1. Spread your money across multiple financial institutions, but steer clear of those with massive derivatives or mortgage portfolios (usually larger banks 🏦).
2. Continue to monitor the stability of the banks. Financial statements, credit ratings, industry reports, & capital adequacy ratios (CARs).
3. Consider moving money out of the banks and into assets like #Bitcoin , gold, real estate, and cattle.
4. Keep in mind: FDIC insures up to $250k per depositor (not account). Last I checked they only have a little less than 130 billion for over 9 trillion insured deposits! 🤡
1. Spread your money across multiple financial institutions, but steer clear of those with massive derivatives or mortgage portfolios (usually larger banks 🏦).
2. Continue to monitor the stability of the banks. Financial statements, credit ratings, industry reports, & capital adequacy ratios (CARs).
3. Consider moving money out of the banks and into assets like #Bitcoin , gold, real estate, and cattle.
4. Keep in mind: FDIC insures up to $250k per depositor (not account). Last I checked they only have a little less than 130 billion for over 9 trillion insured deposits! 🤡