Have you noticed your bank has closed branches? Have you noticed that they are making it difficult to transact in cash? Have you noticed that your current branch will not allow you to transact at your branch and you need to travel to the head branch? Do you have elderly family that might be confused at new rules and do not understand what is required? NOW is the time to remove or close accounts that you feel might not be providing the service you expect. This is not restricted to small regional branches - it’s happening across the banking sector…….worldwide.
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (27)
sorted by:
I'm not predicting anything but I've just made a bit of prep in this regard a habit.
Have food on hand.
Have backup power on hand.
Have backup heat on hand.
Have protection on hand.
Have cash on hand. Good mishmash of bills (1s, 5s, 10s, 20s) so you can make exact change and do small transactions.
I will say though, fedbucks are fedbucks. If you're under the FDIC limit then one fedbucks institutions is as good as any IMO. Having more than one account is good practice anyway (in case for instance you're cancelled for wrongthink).
Good list. Also don't underestimate how long it takes to stock up on cash in small bills. Especially when atm withdrawals are limited in amount and denomination.
when it get's bad and we are to the point where hoarded cash is required. $1's will be useless. Unless you have thousands of them.
Except FDIC will fail if there’s a real problem
Great list but you may wish to consider some silver. A collection of 1-ounce generic silver coins along with some 10-ounce silver bars would likely serve you well. The value will never go to zero and is expected to increase substantially throughout the monetary collapse.
You can acquire anonymously at your LCS (Local Coin shop) or online by larger reputable suppliers. You can even purchase at a discount through Wally World, and your order if fulfilled by APMEX.
To learn more, consider the WallStreetSilver group on Reddit.