When the banks collapse. Remember this movie scene. 😱🍿
(media.greatawakening.win)
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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.