I only have enough cash in checking for bills. Also have a stash of cash about $6K worth in case of emergencies.
Metals can be sold back to shops, but is typically not done regularly and only in emergencies. I feel metals are a store of wealth therefore I will not sell back unless absolutely necessary.
You can get pre-1968 US coins (quarters, dimes, nickels) that are 90% silver. They would be useful for small transactions. We bought ours along with larger pure silver coins and bars.
Friends on how much is in the bank, but first get it out, to liquid assets, credit unions, etc. River Kiyosaki was asked a similar question recently, and he replied, buy canned tuna... Because you cannot eat money.
So if you're prepped for a grid shutoff, at least a couple of months worth, then invest in the future, because all the current money will probably buy a lot less in a couple more years of Biden. Silver and gold, sure. Home improvement project? Get it done now. Clearing for food victory gardens? Prep and plant it now. Fencing, arms, ammo, supply cellar - decoy and hidden real one - good books and music, stuff you want your great grandkids to have, etc. Or maybe, best case, set yourself up to run a manufacturing business for made in the USA goods as we take back our place as makers.
Hopefully, the lies exposed of big pharma, big banks, big oil (it's not a fossil fuel) etc. will finally take and cheap energy will spur growth like never seen, manned by people who truly appreciate the fragility of freedom and our civic duty to protect it.
Yep, I've had a credit union membership for a long time. It's gotten me through the good and bad times.
I think silver's the best bet, honestly. It would be the easiest to convert to whatever form cash takes going forward. The CBDC must be stopped, though.
How do they give $5 billion in deposits? That's money specifically put there by people who, for whatever reason, wanted to bank there. And now their money is moved?
Thank you. I think here, Frank and Dodd were behind it. What is amazing is that according to the article, people in the EU now have NO protection. We still have the FDIC.
I don’t think the FDIC has enough to cover the insurance of what’s being used for these bail-ins, though.
The law is written that they can only use funds in accounts that are over the $250k insured amount, but I’d bet my left arm the big banks aren’t following that regulation.
Convert your 'money' to physical assets like gold, silver, food, property, vehicles, weapons, ammo and things to be bartered when federal reserve notes become less useful than toilet paper.
Gold & silver
BTC - Ag - 9mm
AG, AU, Brass, Lead. If you don't physically hold it you don't own it.
When it comes to precious metals, how does one use that for regular financial things?
Are you all keeping checking accounts? Or cash only?
I only have enough cash in checking for bills. Also have a stash of cash about $6K worth in case of emergencies.
Metals can be sold back to shops, but is typically not done regularly and only in emergencies. I feel metals are a store of wealth therefore I will not sell back unless absolutely necessary.
You can get pre-1968 US coins (quarters, dimes, nickels) that are 90% silver. They would be useful for small transactions. We bought ours along with larger pure silver coins and bars.
buy rice this is gonna take a long time to fix and food is money soon
$$$ chain of custody: Depositor gives $$$ to Bank A -- Bank A gives $$$ to failing Bank B -- $$$ vaporizes
Friends on how much is in the bank, but first get it out, to liquid assets, credit unions, etc. River Kiyosaki was asked a similar question recently, and he replied, buy canned tuna... Because you cannot eat money.
So if you're prepped for a grid shutoff, at least a couple of months worth, then invest in the future, because all the current money will probably buy a lot less in a couple more years of Biden. Silver and gold, sure. Home improvement project? Get it done now. Clearing for food victory gardens? Prep and plant it now. Fencing, arms, ammo, supply cellar - decoy and hidden real one - good books and music, stuff you want your great grandkids to have, etc. Or maybe, best case, set yourself up to run a manufacturing business for made in the USA goods as we take back our place as makers.
Hopefully, the lies exposed of big pharma, big banks, big oil (it's not a fossil fuel) etc. will finally take and cheap energy will spur growth like never seen, manned by people who truly appreciate the fragility of freedom and our civic duty to protect it.
Gold, Silver, and Crypto. Or, switch to a credit union
Yep, I've had a credit union membership for a long time. It's gotten me through the good and bad times.
I think silver's the best bet, honestly. It would be the easiest to convert to whatever form cash takes going forward. The CBDC must be stopped, though.
And, not or.
I need to figure out what to do with my 4 dollars maybe move it to 1g of silver 🤔
$4 will get you 5g of silver.
That’s more silver than 95% of the earths population.
How do they give $5 billion in deposits? That's money specifically put there by people who, for whatever reason, wanted to bank there. And now their money is moved?
Article on how G20 countries “legalized” bail ins.
Thank you. I think here, Frank and Dodd were behind it. What is amazing is that according to the article, people in the EU now have NO protection. We still have the FDIC.
I don’t think the FDIC has enough to cover the insurance of what’s being used for these bail-ins, though.
The law is written that they can only use funds in accounts that are over the $250k insured amount, but I’d bet my left arm the big banks aren’t following that regulation.
Right. Why would they start now?
floated.....currency
if its not in your hand you dont own it
Your bank deposit is an unsecured loan to the bank. Good luck collecting from them.
So what do you do with your savings?
Convert your 'money' to physical assets like gold, silver, food, property, vehicles, weapons, ammo and things to be bartered when federal reserve notes become less useful than toilet paper.
I have my accounts wired to Treasury Direct.
What does that mean, exactly?
Means I can move my money directly into the keeping of the Treasury, right from the bank. And participate in any Treasury auctions, free of fees.
And if I want, move the money directly back out when my Treasuries mature.
I expect the US banks to fail before the Treasury does...
Hmm. Alright, thanks.
They're begging for a run on the banks with this kind of policy.
Nothing.