Can we have a thread about what the hell to do right now?
🗣️ DISCUSSION 💬
First of all, I'm an idiot when it comes to anything financial. I know many of you aren't. What is the safest thing to do with the money (fiat) that we do have right now? Leave it in our local bank? Credit union? Keep it as cash in my sock drawer? Also, the money in my 401k? Switch it over to bonds or something else I don't fully understand? Any thoughts from someone who's been paying better attention to these things than I?
Grab your cash out of your accounts while you can. This bank meltdown seems to have skipped the small banks and gone straight to the regional banks. When that happens, all it takes is just a few of the hos banks to shit th bbed before one of th Big 4 has issues with solvency. When one of those shows signs of failure, the People will finally notice and make runs on the rest, even the small banks and credit unions.
In my opinion, if you haven't bought physical precious metals, it's most likely too late. There isn't enough left in the market to do you want good in the short term.
So, take your cash out, keep some hidden in your house somewhere, and use the rest to buy up seeds for planting food. Buy some firearms and ammo. Buy the supplies you'll need to continue surviving. This is gonna get a helluva lot worse before it gets any better.