Yellen warns U.S. House members of 'economic collapse' from default
This dumb woman just gave Ukraine $1.2 Billion with promises to give $12 Billion more and now she is threatening congress with an economic collapse if they do not raise the debt ceiling.
Well, the economic collapse is coming regardless. Kicking the can down the road by raising the debt limit seems stupid if she is going to just give it to Ukraine.
The upcoming collapse could happen any day, be prepared. Leave enough money in your account to cover upcoming expenses and remove any extra cash and tuck it away. At some point in the future, banks may close their doors and turn off the ATM's to prevent bank runs. You want to have cash on hand if your debit card stops working.
The Silicon Valley Bank closure is a big deal, it may lead to more bank closures. We will find out Monday if this gets any worse. SBV failure is the second largest bank failure in US history. I am not trying to frighten anyone, I just want you to be prepared, anything can happen. Planning for things in advance is best course of action.
Here is a couple video I pulled from my previous post. The FDIC was recently talking about how to handle a banking collapse. They know it is coming
BREAKING - FDIC: "EXPECT TO GET THE NEWS ON A FRIDAY NIGHT"! - GET YOUR MONEY OUT!
https://www.youtube.com/watch?v=jF4Oxa1L7-c
Banks admit the COLLAPSE is coming and they don't want YOU to know about it | Redacted News
https://www.youtube.com/watch?v=etO8RH4JCV0
Stay prepared!!!
WWG1WGA!!!
Like watching a Three Stooges episode…they’re fukced! Let it burn! Let’s get this party started, so we can get on to the hanging and rebuilding phase! WWG1WGA!🇺🇸
The faster we get there the better off the US will be along with the REST of the world...Getting rid of the those sycophants in Europe will go along way to bring stability to the rest of the world...
Pulling cash out when I am off work.
You confuse people when you make perfect sense, you know 😃
Are credit unions safe? I have all my money in local credit unions
I would say they are safer than the big name banks, it depends on their banking practices. With Fractional reserve banking, the banks loans out all their customers deposits to create revenue. However, when financial trouble hits and people get frightened, everyone shows up at the bank and they want their money, they don't have it on hand. Doors get locked, ATM's get turned off and you get told to go home.
They are better than big banks,you can rent a cheep safety deposit box,and put the cash in their..... if you can't store it at home.
They can rob them boxes very easily!
Of course,but they don't actually do it much.
In most cases you will have time if your paying attention. If you have your head up your ass,not so much....