This might be a Larp, which I hope, but someone doesn’t have a positive view of the coming week.🧐
(media.greatawakening.win)
👀 EYES ON! 👀
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (74)
sorted by:
So, if the dollar becomes scrap paper, then what happens to all the money we have in our bank accounts or on hand? Do we in an instant become penniless? Or will it automatically change over to the new standard? And what happens to our bills/credit card & mortgage debts?
I'm just trying to figure out what to do in this situation, need to prepare as much as I can. If we were to take some money out of our bank accounts, will it even be worth anything if all this happens? We are already using up the little we had saved fast right now, not to mention any money coming in. We have some food stocked, but I'm sure we will have family members we will have to help also.
Same. Someone please answer this.
Imagine a collapse of multiple large banks and a complete stop to electronic money transfers. Imagine a bank 'bail-in' where they keep your money and give you stock in the new bank.
If you think this is within the range of reasonable possibilities then you might want to shield your assets prior to the event.
One immediate method might be to convert some portion into precious metals. Reputable local coin shops can be used to convert your fiat currency into precious metals. Reputable on-line dealers take a week or two.
If nothing happens you can easily convert back to fiat currency. If the worst happens, your assets would be safe and likely much more valuable.
Obviously not financial advice in any way.
Keep asking questions. You'll find none of these wild speculations stand up to it.