Anyone else transferring their 401(k) funds to low-risk investments?

[Farmer-Rick]

82. But there be stupid crazy people running our country now

Look what Trump did to Atlantic City. There is nothing left there but ugly, dirty concrete buildings, empty parking lots and abandoned lots. He turned a once thriving seaside hotspots into a ghost town. He's going to do the same thing to this country.

He has said he wants to abolish the Federal Reserve. It's in the 2025 Project. If they abolish the Federal Reserve, they have to get rid of the FDIC. It is part of the Federal Reserve.

The FDIC conducts inspections and rates banks, aside from insuring accounts. Inspections and ratings are not part of "free banking". Before 1933 when we had "free banking", no one seemed too concerned over insurance particularly the banks themselves. But when the banks crashed, the banks took depositor's money to pay their debts.

I think the banks are greedy and believe "free banking" will reduce regulations and costs. Doing away with the FDIC means banks don't have to pay for that insurance anymore. Nor do they have to put up with bank inspectors anymore.

Also the rich can just move to foreign banks and get assurances on their multi million dollar accounts that we poorer folks can't get.

I maybe wrong. There may be a few people remaining in government who don't want to destroy everything. Maybe one of the filthy-rich people assigned by Trump will think things through before they dismantle our banking regulations. But I gave up hope when Trump won.