Anyone thinking of pulling their money from the banks and Wall St. until the threat of a possible

[Hotler]

fascist dictatorship blows over? I doubt that the suspending of the constitution, enacting martial law and the Insurrection Act will be a good thing. I doubt FDIC will be there for us.

[LakeArenal]

1. Haha. Like all of us have money to pull.

[3Hotdogs]

21. $14.21

Should I go inside and withdraw or just use the ATM and keep the $4.21 in reserve in case I wanna help Anal Fistula with his bail fund raiser?

[LakeArenal]

24. I think I could lend you $4.25. What collateral do you have?

[3Hotdogs]

31. I got a coupon for 2 x 4 x 1 at McDonalds.

[LakeArenal]

32. Deal!!!

[calguy]

2. I doubt that trump will even come close to winning the next election

If he's not convicted and forced to drop out of the race before then, I think he'll be so badly beaten in the general election that it'll make Goldwater's humiliating defeat seem mild in comparison. That would be the best outcome, because it would force the Republicans to purge the MAGAt extremists from their party.

Call me an optimist if you like, but I just can't see how he's gained any support since he was beaten by seven million votes in the last election. The MAGAt crowd is loud, but they are a minority, and they just don't have the numbers to put trump back in the White House.

[Fiendish Thingy]

6. Of course he won't win the popular vote

But that’s not the point of his campaign- it’s to win back the 44,000 votes in three states that caused him to lose in 2020.

That’s why there’s all the third party candidates- they make it easier to shave off 5,000-12,000 Biden votes in swing states.

[rubbersole]

8. He just needs to stay in the headlines until November.

Take the gop with you when you crawl back under your nazi rock. Magats are far fewer than the corporate media portrays them being.

[Hotler]

10. Are you calling me a Nazi? ... nt

[FSogol]

16. Isn't he directing Trump to crawl back under a rock? n/t

[rubbersole]

19. Oh,no.. !!!

tfg is a nazi and his gop supporters are stupid nazis.....
I'm sorry, Hotler. I should have phrased that differently. I'll try to do better proofreading. 😔

[Hotler]

34. Thank you, be well. nt.

[bucolic_frolic]

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

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.

[Fiendish Thingy]

4. If you're that worried, you should either build a bunker or flee the country

A Trump victory would definitely cause turmoil in the markets, but a mass bank failure is unlikely.

Liquidating your cash and putting it under your mattress seems unwise.

If the banks all failed, cash would be worthless. We’d be bartering with squirrel pelts.

[marybourg]

5. And do what with it?

I did sell stock when the monster in human form became President; I didn’t believe the financial system would survive him. But it did, and I missed out on about 3 years of growth.

[Bernardo de La Paz]

7. Beware of self-fulfilling prophecy. Bank runs would sink Bidenomics

I think your idea is counter-productive and unnecessary.

[Mme. Defarge]

29. I logged in

to Rec. your reply.

[Joinfortmill]

9. Went threw this struggle last year. Decided to

Stay the course because I decided that, one way or another, Trump is going down. The moneyed folks actually like a democracy, as long as it's a capitalist form. Tough call, though.

[Voltaire2]

11. It is massively unclear that "the moneyed folks actually like a democracy".

In fact they seem to be just fine with authoritarian regimes.

[Walleye]

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

[Voltaire2]

15. Sure they love rightwing authoritarians, fascists, not left wing authoritarians.

[Walleye]

22. Saddam? I don't think right wing or left wing means anything when it comes to oil

[Voltaire2]

23. Technically the Baathist's were socialist.

[Joinfortmill]

17. That's part of what we each need to decide

[PennRalphie]

12. Trump will not win PA

And this is one of the states he would need. Our economy here is great. Biden is being credited with all of the new infrastructure projects everyone sees. Plus we have our great Governor Josh Shapiro, who I think will be President some day, working for Biden. Plus the insanely popular Fetterman. (Look past his latest comments)

That slob of a being running for office has no chance here.

No need to worry. Biden has this.

[Walleye]

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

And I love your new governor, Josh Shapiro

[getagrip_already]

18. Would be foolish and premature.....

And play into magat hands.

First, it would hurt the current economy. Second, it would hurt your personal finances because wherever you put that money wouldn't perform as well. Third, there is no safe haven a stinky driven government couldn't get your money.

So relax and fight for freedom, not your money.

[MOMFUDSKI]

20. We will have plenty of time to make a run

on the banks. Wall Street will never allow a dictatorship.

[GoodRaisin]

25. Where else to put it?

Really. I’d have to pay a massive tax just to get my IRA out of Wall Street.

It’s almost like they are posturing to steal it. No? They steal everything else.

[Scrivener7]

28. You could just put it on the sidelines and

not incur the tax. Not saying to do it, but moving an IRA into a money market wouldn't need to trigger the tax.

[GoodRaisin]

37. I have some in a Vanguard money market fund now and the interest

rate is a decent 5.3%. It’s probably very safe but with rethugs threatening shutdown you never know for sure. I might very well move more into that fund.

[Scrivener7]

38. 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?

I might copy you. I have CDs coming due and will need someplace to stash my "safe" money.

[GoodRaisin]

39. VMFXX

5.29 today

[Scrivener7]

40. Thank you!!!

[GoodRaisin]

41. You're welcome.

[Chainfire]

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

The only thing that I fear is inflation.

[Quakerfriend]

27. No. We did so in 2008 & lost out in the end.

[multigraincracker]

30. I have a hard time sleeping on a

lumpy mattress.
With my small life savings, I sleep well at night with it in several bank accounts and a few stocks.

Everything I have is paid for and that helps.

[Tansy_Gold]

33. I don't think it will blow over

Call me cynical or even paranoid, but I don't think the threat of fascism will go away even with a sweeping Biden win in November. We are in a lose-lose situation, and our electeds aren't doing much to fix it, maybe because they can't.

Heads they win, tails we lose:

If TFG returns to power, he will unleash MAGA violence against the woke liberal left in revenge. I think this is a given at this point.

If TFG doesn't return to power, MAGAts promise violence against the woke liberal left. Nothing is being done to prevent this. The whole "stop the steal" 2024 program is already in high gear, and frankly, the media loves it.

The billionaires love it, too. They love watching the hoi polloi fight it out amongst themselves, because they know they're untouchable. Until the fighting war starts impacting The Rich, nothing will happen. France, 1793. Russia, 1918.

Congressional GOP is in TFG's pocket, whether through ideological agreement or blackmail/threats. Congressional Dems are too timid to stand up, with few exceptions. Protecting their own wealth? Denial of reality? I don't know.

I do, however, think contingency plans are a good idea.

[BWdem4life]

35. Nope, I'm thinking of buying some stock

ASYS

[Warpy]

36. Nope, because where else would I put it?

Fascists intent on looting everything would loot t-bills first. Offshore tax havens? Switzerland? Too damned hard to get to it quickly. Besides, I'm living on the income, not the principal.

One thing a Fascist government would do, actually, is make the country as safe as possible for investors while making it hell on earth for non investors, they always do that.

I suppose if I had modest savings, I'd probably think of withdrawing them and redepositing them in El Banco de Cuervo*, a popular option here and in Mexico, rendered a little less useful by ground penetrating radar but oh well.



*buried in an old tequila bottle, what else did you think?