Daisy Luther – Bail Out or Bail In? How to protect your money.

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Daisy Luther is a freelance writer and editor.  She has a beautiful website at www.theorganicprepper.ca and offers information on healthy prepping, including premium nutritional choices, general wellness and non-tech solutions. You can follow Daisy on Facebook and Twitter, and you can email her at daisy@theorganicprepper.ca

Last week I listened to this 30 minute podcast by Daisy and it prompted me to invite her to do a show so that I could focus more on the banking issues.   Daisy is quite knowledgeable about banking disasters that are going on around the world.  I wanted to know more about what we can do to protect that money we have placed in our banks.

http://www.theorganicprepper.ca/podcast-financial-preparedness-04152013

Here were some of my questions:

So Daisy, can you explain to us what happened in Cyprus?
What’s the difference between a bail out and bail in?
We know that the European Union is in trouble, but can it happen here?
What can we do to prevent losing our own money like the depositors in Cyprus?
What about penalties for closing out your accounts?
How can you cash checks and pay bills if you don’t have a bank account?
Can you give some examples of underbanking?
What form should your savings take? (You should build a fiat currency emergency fund and then consider tangibles and PMs)
When people can barely pay their bills, how can they put aside a month’s worth of expenses?

Listen to the interview and find out what Daisy has to say!  In the end, her advice was to differentiate between wants and needs.

 

 

All They’ll Need To Know

All They'll Need To Know