When the banks collapse. Remember this movie scene. 😱🍿
(media.greatawakening.win)
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Take it all out and put it in a VERY safe place. You can always deposit it again once this craziness is over and we have a TRUSTWORTHY BANK SYSTEM. Or invest in gold or silver.
If it's all invested, say, in mutual funds, get ready to hand over a trailer load of cash to the IRS in capital gains taxes if you liquidate out of fear
This is interesting. Id like to hear more thoughts from anyone who is good on analysis on this, on the expectation or prediction or theory on a bank/financial disaster.
Go to Clif High's channel on Bitchute and watch his "Woo" videos. I can't tell from the titles which one covers the bank system collapse, but it was in the last several months. Go back to around November or December and start watching them. Some are long, some are short, but all are entertaining to some degree. He's a smart man, although there are some things I don't agree with.
https://www.bitchute.com/channel/HBBwqdoMy7Gz/
Diversify is the best strategy, gold silver and BITCOIN
Honestly, all the fear porn over the banks collapsing
The assumption that Q and white hats can't see this coming; have never considered creating contingency plans that have backup plans; have no strategy to counter it and the unrestrained violence and terror that would instantly engulf society in flaming chaos; and will be reacting, haphazardly, rather than calmly following a well-conceived, carefully executed program created with military precision, with stopgaps and checks and balances already built in to keep us safe
I don't know how valid that assumption is
Silver linings for bad times.
The customers in the movie didn't understand that as soon as someone deposited their money, someone else borrowed it. So the bank never contained very much cash in the vault.
It's even worse now because of the change in required reserves. The banking system will crash. FRNs will go to zero, as they all eventually do.
Buy supplies now, as prices are soaring and supplies are decreasing. I tell people all the time that buying a product today is better than putting money in the bank.
What bugs me the most is the incredible spread between the tiny interest I make versus what they charge for loans. The spread used to be a couple of percent. Now it's more like 10 or 15 or more.
George Bailey ram ran a saving and loan? Yes the credit unions will be impacted too.
Funny enough, my local credit union has been sending me reminder emails for an upcoming “Technology System Upgrade” on Feb 19-21. Weird timing if I say…
Interesting, I will check my credit unions updates and report back