Economy

bucolic_frolic

(50,323 posts)

3. So let this be a worrying thread. There's not much you can do I think

Sun Jan 7, 2024, 12:02 PM

Jan 2024

YouTube extreme financial wizards have been harping for years. Supposed regulations exist to open SD boxes, tax the use or deposit of cash, seize parts of deposits. Could Trump go there? Who knows.

Where do you hide value? In a bank? In a foreign bank? In business assets? Commodities? What about the value of the US Dollar?

Note that Argentina devalues every few decades. That juices stock markets. If I had to hide it would be in blue chip stocks, blue chip index funds. They can't destroy what the 1% depends on. YMMV. Post ideas.

Let's hear from experts.

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Joinfortmill love_katz

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Anyone thinking of pulling their money from the banks and Wall St. until the threat of a possible [View all] Hotler Jan 2024 OP

Haha. Like all of us have money to pull. LakeArenal Jan 2024 #1

$14.21 3Hotdogs Jan 2024 #21

I think I could lend you $4.25. What collateral do you have? LakeArenal Jan 2024 #24

I got a coupon for 2 x 4 x 1 at McDonalds. 3Hotdogs Jan 2024 #31

Deal!!! LakeArenal Jan 2024 #32

I doubt that trump will even come close to winning the next election calguy Jan 2024 #2

Of course he won't win the popular vote Fiendish Thingy Jan 2024 #6

He just needs to stay in the headlines until November. rubbersole Jan 2024 #8

Are you calling me a Nazi? ... nt Hotler Jan 2024 #10

Isn't he directing Trump to crawl back under a rock? n/t FSogol Jan 2024 #16

Oh,no.. !!! rubbersole Jan 2024 #19

Thank you, be well. nt. Hotler Jan 2024 #34

So let this be a worrying thread. There's not much you can do I think bucolic_frolic Jan 2024 #3

If you're that worried, you should either build a bunker or flee the country Fiendish Thingy Jan 2024 #4

And do what with it? marybourg Jan 2024 #5

Beware of self-fulfilling prophecy. Bank runs would sink Bidenomics Bernardo de La Paz Jan 2024 #7

I logged in Mme. Defarge Jan 2024 #29

Went threw this struggle last year. Decided to Joinfortmill Jan 2024 #9

It is massively unclear that "the moneyed folks actually like a democracy". Voltaire2 Jan 2024 #11

Yes they love authoritarians, until they nationalize the oil industry. Then they're enemies forever Walleye Jan 2024 #13

Sure they love rightwing authoritarians, fascists, not left wing authoritarians. Voltaire2 Jan 2024 #15

Saddam? I don't think right wing or left wing means anything when it comes to oil Walleye Jan 2024 #22

Technically the Baathist's were socialist. Voltaire2 Jan 2024 #23

That's part of what we each need to decide Joinfortmill Jan 2024 #17

Trump will not win PA PennRalphie Jan 2024 #12

I'm in Delaware but I agree on this. There are not enough voters in Pennsatucky overcome Philly Walleye Jan 2024 #14

Would be foolish and premature..... getagrip_already Jan 2024 #18

We will have plenty of time to make a run MOMFUDSKI Jan 2024 #20

Where else to put it? GoodRaisin Jan 2024 #25

You could just put it on the sidelines and Scrivener7 Jan 2024 #28

I have some in a Vanguard money market fund now and the interest GoodRaisin Jan 2024 #37

Wow! It's 5.3 now? I haven't looked at it in a while. That's very good. Can I ask which of their funds that is? Scrivener7 Jan 2024 #38

VMFXX GoodRaisin Jan 2024 #39

Thank you!!! Scrivener7 Jan 2024 #40

You're welcome. GoodRaisin Jan 2024 #41

With the rates that banks are paying on savings accounts, I am keeping my money in my mattress. Chainfire Jan 2024 #26

No. We did so in 2008 & lost out in the end. Quakerfriend Jan 2024 #27

I have a hard time sleeping on a multigraincracker Jan 2024 #30

I don't think it will blow over Tansy_Gold Jan 2024 #33

Nope, I'm thinking of buying some stock BWdem4life Jan 2024 #35

Nope, because where else would I put it? Warpy Jan 2024 #36