Jason J. Howell, a certified financial planner and the president of Jason Howell Company, says yes, your money is safe. He has been speaking with his clients about the same concerns. The main reason he's not worried is that we see both the federal government and the Federal Reserve anot only for the largest banks, which they committed to doing after 2008, but to every bank, he said.
"That meant that your bank had to increase the dues they paid through the FDIC program," Howell said."So this isn't sort of made-up money. This isn't just an idea. It isn't just spending debt on the country. These are coming from the dues that the banks are already paying." Howell advises his clients to invest in bonds after they have paid down their high-interest debts, including things such as car loans. They also must have a rainy-day fund for if they lose their job. This should cover three to six months' expenses. Once those are out of the way, you're in a position to invest, this is when you split your allocation between stocks and bonds.
"You're going to have to go to the US TreasuryDirect to buy those bonds," Howell said."It's a little cumbersome to do so."
So the Federal Reserve says we've been raising interest rates for a year and it's not working let's keep raising interest rates until we destroy everyone's Ira 401K savings and Investments and destroy the country
Socialism: The most effective way to turn the rich into poor; the poor into miserable souls; and government officials into millionaires.
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