Speaking from a personal experience I had yesterday...now is a good time to plant some seeds for waking people up. that is not "politically' motivated. It's about something they are concerned deeply about - their money and future
In a work call, people were talking about the bank collapses....wondering what is going on/what will happen, as well as being open to listening to alternative opinions.
A few good questions to ask (and feel free to add more in the comments so others can use them) are:
- if the fed knows raising interest rates is causing the economy to get worse, then why do they purposefully keep doing it?
- The FDIC insurance limit is $250k per depositor, then what do you and is any bank truly safe? What is the alternative? How do you protect yourself and how do banks really operate with your money?
- Do you know about the Bank Panic of 1907 and why it happened as well as why was the Federal Reserve Act / the Fed created and by whom (history repeats)?
Just to verify, FDIC isn't limited to $250,000 per depositor. They are insured per titling of Accounts at the same institution. For example you could have $250,000 in individual ownership of accounts. You could have $250,000 in IRA's, $250,000 in beneficiary accounts, $250,000 in Trust Accounts, you now have over a million protected by FDIC. Does it mean the FDIC could pay that out...I doubt it. Just don't want people panicking if they think it's only $250,000 per depositor.
