Ensuring Digital Signature Legality for Personal Leave Policy in the United States

How to eSign a document: digital signature legality for Personal Leave Policy in United States

[Music] hello everyone thank you for joining me I cannot wait to share this with you as you know last week I uploaded a video that many of you had very strong feelings about judging by your comments the video covered the decision that was made by G7 to effectively steal frozen assets of Russian Central Bank the group said that they are fre to use the interest that is generated by these assets worth roughly $300 billion and then loan that cash to Ukraine there's an entire video on my Channel with an explanation of how the loan works and what it will do to uh ukrainians for generations to come I will link that video Below in today's video I will share a very disturbing statement that was made by Janet Yellen and then I will walk you through how the FDIC Insurance works and what you can do to maximize your coverage well our good friend treasury secretary Janet Yellen had something to say about this theft of course she would and this video just completely shocked me and it was part of her interview I had to actually watch it a couple of times because I literally could not believe what I heard and what I saw in her latest interview to the highly acclaimed ABC News Miss Yellen did a wonderful job she did a wonderful job of double speak and you have to give her credit words do she did a great job of or wellan double speak she said that theft is in fact not theft so don't call it theft there's no legal issue in stealing Russian Sovereign assets because and this just blew my mind and I quote here because the assets generated income for the institution so not for the owner but for the institution think about the precedent that it sets our United States Treasury secretary just said that in our world the Western world supposedly governed by the rule of law the interest that your savings account generates is actually not yours to keep instead your savings account or any other investment that you hold in the financial institution actually works to generate Revenue for that institution not you so then using her logic by default there's no issue in taking that money from you it never will be because it wasn't yours to begin with if it sounds like a misrepresenting things or misinterpreting things I do encourage you to watch that video it is very very short about 30 seconds long I'm not going to risk uploading it here um I'm sure you would understand but I did upload it this morning uh to my Telegram and my ex former Twitter account I will leave the links Below in case you would like to take a look and I highly highly recommend that you do because it's definitely worthwhile listening and uh something that you really need to be aware of this is a very alarming statement and if anything it goes to show that you really need to be paying attention to what's going on right now and thinking twice whether you feel safe when all of your cash all of your assets are held in a bank has it become too risky one would argue that this is precisely what Miss yellen's statement or admission rather it's her admission means I know many of you are legitimately concerned about the safety of the banking system and one of the most frequently asked questions that I get is whether credit unions in the United States are safer than Banks so the answer to that question is credit unions are not uh safer in no shape or form are they safer than traditional Banks they're not because they are part of the same Financial system but when I talk about the banking system and the fact that it is at risk I include Banks and Credit Unions the second question that I see many of you ask is related to the FDIC so let's talk about how FDIC Insurance works and what you can do to maximize your cover coverage I will share a couple of ways that you can maximize your coverage um but with that in mind I do want you to know that FDIC is not going to cover every single deposit up to the promised limit in the worst case scenario so I just want to make that clear so don't necessarily trust the system because if worst comes to worst we all understand that FDIC funds will be insufficient let's just put it that way the FDIC was established in 1933 in response to the many bank failures during the Great Depression FDIC insures deposits for every bank account up to $250,000 by ownership category and this is something that I want to focus on in just a couple of minutes it ensures by ownership category this is very very important not all banking services or banking products in other ways qualify for this coverage FD AC insurance does not apply to stocks bonds annuities us treasury bills mutual funds um life insurance policies and Municipal Securities those don't fall under the coverage none of that is covered and 100% of it uh or its value rather will be lost if a bank cannot meet consumer Demand on the other hand FDIC insurance does cover checking and savings accounts it also covers High yield bank accounts such as money market accounts and certificates of deposit is there anything that we can do to maximize FDIC coverage yes to an extent there are three ways that you can do this the first step is an obvious one do not keep all of your cash in one basket of course that's that's a clear uh way to lose all of it open Accounts at different banks so in practice you will have a savings account that is insured up to $250,000 at bank a and let's say a money market account also ured up to $250,000 at bank B married couples may choose to each open individual Accounts at a single bank which will result in each of you having up to $250,000 FDIC insured coverage you can then also open a joint account and each will have 250,000 insured in that account between those three accounts you could have up to $1 million fdac insured at One financial institution the third way that you may want to set up your banking is to be mindful of ownership categories since that is precisely that is one of the criteria that is used by the FDIC to ensure deposit accounts as long as you have various ownership structures you should be okay okay the most popular ownership categories are single accounts any account that is owned by one person only including checking accounts savings accounts money market deposit accounts and CDs this also includes business accounts in which one person is the sole proprietor those of you who own llc's this is for you so definitely pay attention next up retirement accounts this includes traditional IRAs Roth IRAs simple IRAs simple IRAs self-directed 401ks profit sharing plans self-directed k plans and sections 457 deferred compensation plans the third type of an account that you may want to set up is a joint account with a spouse or a relative these are accounts opened by multiple people including spouses the fdac ensures 250,000 per person in joint accounts for a total of $500,000 for example and divides money equally among owners for this purpose trust accounts are next on this list which could include revocable trust accounts which is a deposit account that identifies one or more people as beneficiaries who will get the balance of the account when the owner passes away then there are irrevocable trust accounts these are accounts that are established by a statute or written trust agreement in which the owner seeds power to change or to cancel the trust so I hope that it makes sense and I hope that this video helps you understand how the FDIC structure works this was a very high level overview if you're interested to learn more let me know in the comments and if there is enough interest I will be more than happy to create a separate video with more details possibly over on my second YouTube channel that is focused on taxes and personal Finance let me know if you have any questions in the comments below thank you for watching as always I truly appreciate your time remember to show your support like subscribe and share the video with your friends and family and I will see you back on YouTube or on Rumble depending on where you choose to watch me in a bit take care [Music]