- Five incredibly risky banking conditions.
- How even the FDIC can't really guarantee your money.
- The Top 100 Safest U.S. banks (two for each state)
- How you can choose a safe bank.
- Tips on international safe banking.
Friday, June 27, 2008
Is Your Bank Safe? This is not a drill.
This is not an ad I am putting up to scare people or make money from. In 2002 friends, family and neighbors looked on in amusement as yours truly went around eastern Massachusetts in search of a 'safe' bank. Why? Because I read Prechter's Conquer the Crash. I ended up settling on a US Treasury money market fund (also per Prechter) for convenience sake and only keep a checking account at a bank however. Short of cash stuffed in a mattress or gold bullion buried out by the old oak tree I recommend Treasury bills or the safest banks per Prechter and BullionVault (Zürich Vault) for convenience in owning real gold. Anything that is considered excess - and expendable - go ahead and speculate with. This is exactly my philosophy and I have been employing it consistently since I began public financial writing in 2004. So with that said, I highly recommend you click this banner, sign up for Club EWI and get the list of safest banks in each state if indeed you use banks in the US. But the information is valuable for international readers as well. The report includes: