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Politics : Welcome to Slider's Dugout

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To: SliderOnTheBlack who wrote (33070)	2/18/2021 2:16:46 PM
From: GUNSNGOLD	3 Recommendations Recommended By isopatch roguedolphin SliderOnTheBlack Read Replies (1) of 50758

The take away from your previous post was to keep high levels of cash to take advantage of opportunities. What I am saying is I believe FDIC will not back the next banking crisis or we just print the dollars and give it to depositors. I agree about diversification between Credit Unions (my favorite) and well capitalized local banks. Diversification should be practiced and most here do. My singular point was on "cash in the bank" reference. My opinion is all depositors will be come a shareholder in the bank. Maybe only for accounts exceeding the FDIC amount, or FDIC could default and you have partial coverage, or you have full coverage. that is all I am trying to get a better perspective on. This will be the first time that we potentially declare a long "bank holiday" This is the type of event has been infrequent for the past 100 years. Maybe we get the digital dollar one for one for cash or it doesn't happen this time. However, we all agree that PM's will prove they are more valuable as an INSURANCE instrument than a Yield/Speculation instrument at this time. That was all I was saying. G-n-G

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