Chaos in DC
Hello Terry, I’ve watched you on WGN for years. Hoping you can give me the best advice to weather the storm happening in DC. I have my retirement funds in the stock market, treasury bonds, and savings account. I doubt I can touch the money in my 403b or my treasury bonds. How should I protect my money in my savings account? I’ve read reports that Trump is going to shutdown FDIC, Musk is going to tank the US dollar, and crypto will be the new currency in the US. I’m expecting the worse since everything that’s happened the last two weeks has been worse case scenario.
Thank you for your time
Terry Says
Take a deep breath. I know it is scary to read the headlines, but I doubt those worst-case scenarios are anywhere near happening. Currently the Dollar is strong, the FDIC will always be there as a promise from the government, and if crypto comes along it will be alongside the dollar — not as a replacement in our lifetime. And there is no good place to “hide” from our financial system. Proceed as if things will get better — they will!
