And, if you take your money out of the bank and put it into a safe in your house, the Feds will knock on your door and confiscate it under asset forfeiture laws.
Asset forfeiture laws? What the heck is that?
Why would they need to? They can just inflate the value straight out of it and your holding nothing better than toilet paper at that point.
“And, if you take your money out of the bank and put it into a safe in your house, the Feds will knock on your door and confiscate it under asset forfeiture laws.”
I do believe they are coming for it. First it will be 401ks. Then, they’ll proceed on to other accounts. Mine is still in the bank but I’m making plans to take it out and do “other” things with it. There won’t be anything for them to break in and ultimately. Bastards.....
Which is why you put it in tangible format. Like Precious Metals.
I’m particularly fond of Copper, Lead, and Brass for such purposes (evil grin)
They`d have to find it first.
I knew an old man who had lost a great deal of money in “The Great Depression.” After that he bought government bonds and sealed them in fruit jars which he buried in his orchard. When he died the relatives went on a massive buried treasure hunt. While government bonds might not be worth anything in a few years, gold and silver will still hold their value.