Archive for April, 2020

Tuesday, April 7th, 2020

FDIC Coverage Roadmap

As I wrote in an earlier post, the FDIC is worried about people pulling money out of bank because they seem to have the need to remind us how safe our money is with banks. The key problem with the FDIC’s message is that they seem to forget or willfully ignore the effect of inflation […]

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Monday, April 6th, 2020

How To Prepare For Financial Armageddon 2020 Style

Now that I have put my financial survival plans in place for 2020 and beyond, I figured I’d share some of my strategies. A large portion of this post is simply a repeat from the 2007 crisis with some added changes. Keep your payroll check in MULTIPLE bank accounts Keep some amount of emergency funds […]

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Saturday, April 4th, 2020

Why No Outcry Over 20%+ Credit Card Interest Rates

Did you know there was 4 trillion dollars of money made available to banks as part of the “relief” package? Did you know interest rates for banks are at 0% right now? So if banks have trillions and the federal reserve loan rate is zero percent why the frog are banks still charging 20% to […]

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Friday, April 3rd, 2020

Got Cash? 10 Million People Unemployed

I received a photo from a long line of cars at a bank ATM from someone today and it got me thinking. Why are people rushing to the bank to get cash? Is it because 10 million people have filed for unemployment the past two weeks? Is it because those 10 million people won’t be […]

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