So is Bix saying goodbye 401K retirement accts in a CB crash those are not safe?
And this debt forgiveness in a total CB failure, we dont have to finish paying our mortgages?
the video put more questions forth than answers, for me anyway
Understand first and foremost that you do not “own” the money in any banking application where you are paid interest. Your money is then a debt that the bank owes to you AND you are not a secured creditor outside of FDIC insurance which is a joke.
The same is generally true for brokerage, with those often not covered by FDIC. If you hold your actual shares, or have them held non-custodially then they are technically yours and can not be used for funny business but that’s been proved wrong before by crooks...