[quote=4plexowner]”You want to not replenish the FDIC insurance fund and therefore void all FDIC insurance (after all, there won’t be any money for insurance)?”
I’ve arranged my finances and investments such that FDIC insurance isn’t an issue for me – I’ve encouraged friends and family to do the same – people who can’t (or won’t) see what is coming will get the results they deserve – remember, if you choose not to decide, you still have made a choice (Rush’s song, Freewill)
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[Hat tip to Neil Peart. You made Rich very happy.]
So, if FDIC insurance “isn’t an issue for you” and you advocate letting the insurance fund go unfunded (all of which is fine, by the way), then you have no cash whatsoever in banks or other financial institutions. I must admit, that’s quite a bold cash management strategy you’re executing.
