10 February, 11:57
NY Stock Exchange is looking to leave NY.
Taxes.
Financial Awakening for Normies.
Taxes.
Financial Awakening for Normies.
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Sparkling Amazon
@SparklingAmazon
10 February, 12:24
In response Vincent Kennedy⍟ to his Publication
That is interesting for sure. We pulled out of market completely and went to cash and metals. Do you think that if market crashes, that money that is held in the bank will be lost? Would love your thoughts everyone. Thanks!
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Cash in financial depositories will be fine. Equities markets represent one element of a zero sum game which ultimately will leave a group of winners and a group of losers represented by a transfer of cash associated with the winning side of the positions (the web of financial securities is vast, dense, confusing, and likely corrupt). The biggest risk to your cash is hyperinflation of the greenback and an assymetric, state-enabled, abrupt shift from the fiat dollar to another crypto-dollar.
12:52 PM - Feb 10, 2021
In response Sparkling Amazon to her Publication
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Jordan Gellatly
@JordanGellatly
10 February, 01:20
In response Cord Archangel to his Publication
Money market mutual funds not FDIC insured so more like holding a financial security (although still low risk of loss). Even if the US Treasury were to become bankrupt, creditors (T-bond holders) would be subject to bankruptcy laws governing a sovereign bankruptcy - I'd say this is a virtual impossibility. So I'd think your T-bonds are fine. Again, hyperinflation of the USD marginalizes the real return on your investment.
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