What you own is what you have in your posession-- as long as it free and clear (no loans, mortgages, liens). The green stuff you have in your pocket is not real money issued by the US Treasury. It is an I.O.U., promissory note, printed by the unconstitutional Federal Reserve (the US central banker). The stocks you own are just a book entry that are not registered in your name. Only if you have physical possession of original stock certificates do you actually own stock. See "The Great Taking", available for free on the internet. It is strongly advised that you read and comprehend this short book. Understanding the fiscal condition of this country, it is a common sense move to buy a good safe, convert whatever you can to commodities like gold and silver (or other needed items that can be bartered-- traded as payment-- such as ammunition). Remember, straight from the horse's mouth (WEF): "You will own nothing, and be happy." The first part of the quote is truth, the second part, not so much. Fore warned is fore armed.
In the US, FDIC is supposed to insure depositors for $300k. However, if all banks failed all at once, depositors would receive about 50 cents for each hundred dollars.
What you own is what you have in your posession-- as long as it free and clear (no loans, mortgages, liens). The green stuff you have in your pocket is not real money issued by the US Treasury. It is an I.O.U., promissory note, printed by the unconstitutional Federal Reserve (the US central banker). The stocks you own are just a book entry that are not registered in your name. Only if you have physical possession of original stock certificates do you actually own stock. See "The Great Taking", available for free on the internet. It is strongly advised that you read and comprehend this short book. Understanding the fiscal condition of this country, it is a common sense move to buy a good safe, convert whatever you can to commodities like gold and silver (or other needed items that can be bartered-- traded as payment-- such as ammunition). Remember, straight from the horse's mouth (WEF): "You will own nothing, and be happy." The first part of the quote is truth, the second part, not so much. Fore warned is fore armed.
In the European Union each deposit bank account has protection of 100k.
In the US, FDIC is supposed to insure depositors for $300k. However, if all banks failed all at once, depositors would receive about 50 cents for each hundred dollars.