https://financialpreparedness.substack.com/p/another-bank-tanks
In conclusion, as this graphic of the Great Financial Crisis shows (zoom in), a banking/ financial crisis can take a number of months to play out, though I think the next one will happen much faster due to significantly greater debt/leverage, moral hazard, complexity, stock valuations (in the U.S.), social contagion, high frequency trading, speed of capital, mistrust of government and institutions, clueless policymakers, rampant inflation, a currency that is increasingly eschewed around the world (the U.S. dollar), a dysfunctional labor market, an (artificial) energy shortage, a failing supply chain, and war (including trade wars). Just like before a major earthquake, there are warning signs. The collapse of First Republic Bank is just a tremor, a warning sign of something much larger to come. Get prepared now.
Hey now! Whoa whoa whoa. Some of us Federal employees have worked for 20+ years and paid into our pension. It isn't like what most people think. The FERS pension is 1% per year of service times the average of your highest three years. It isn't exactly living a life of luxury. If you topped out the last three years at 100k and retired at 20 years, you get 20k per year. Everyone always thinks we make a fortune in retirement. It isn't that much, but it is better than nothing.
Probably referring to the politicians and the litany of corrupt beauracrats that do the cabal's bidding.
I know. I just want folks to realize that the Fed retirement isn't like winning the lottery. I am grateful for the work from the last 20 years. I have traveled for the DoD to quite a few shitholes throughout the world. The little folks like me have had to battle the bureaucracy to get the job done, but I am close to retiring. The other tidbit I didn't mention is that I won't start collecting my pension until I reach age 60. It isn't like the military where you start collecting your pension as soon as you reach 20 years of service.
Except for the federal pensions of us normal fed workers who are not part of the fraud! We worked hard for our pension.