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.
my question is "HOW" should we get prepared now? suggestions welcome, serious question...i know the basics, "metals, bullets and beans", so to speak, but really, I do not know what to do with money market funds, advice appreciated...
My advice is to leave them as they are. Don't withdraw. We are all going through the same storm and Trump is telling us the best is yet to come. Q is telling us we're going back to the gold standard. When the new currency rolls out, I expect all honest American citizens that have not made money illegally or offshored it illegally will be made whole. I think the funds of the cabal and their minions will be confiscated/frozen and redistributed to those screwed by their usury system. WWG1WGA!
I agree, I think they have hoarded gold and put the rest of us on fiat. We take back their gold to "balance things" out as such
Reparations from the debt enslavers.
If you can, take a look at the POTUS and preacher speeches re Easter 2020--release from Egyptian slavery plus gifts of gold and silver from the Egyptians. (I don't know where to find that.)
They are absolutely hoarding non fiat assets
Re: SneakyWino comment: I have been trying to figure this one out over the last couple of weeks, but I don't see any easy solution. If they crash it and make our digits disappear, most of us will be in the same boat. We can't all go live in cardboard boxes.
I consider that they really should do a debt jubilee. All debts called off and start from zero.
Juan O Savin also said as much in one of his interviews in the last two weeks. Trump and team are not going to let the children and elderly fall. Those who made money legally will be made whole. I wouldnt be in the stock market personally.
u/SneakyWino No magic money is gonna get deposited into your bank account. Especially not the cabals dirty money
I agree. I dont think theres really anywhere you can move your money because everything is at risk. Cash? Worthless. Stocks and bonds? Worthless. Gold and silver? Cant carry dozens or hundreds of pounds where ever you go.
So I have diversified, drawn cash out in case of bank runs, bought metals and beans, brass and lead. Ive also bought commodities I dont really use with high barter value like cheap vodka and pot seeds along with those I will such as vegetable seeds, bic lighters (I have a couple thousand lol), water proof matches, water purifying tabs and zip loc baggies ( I have about 60 or 70 boxes of the gallon size).
Thanks for your thoughtful reply...i have done basically as you have, except for the thousands of bic lighters, lol, well i "might" have some extras if needed...appreciate the help!
Glad I'm not the only one that went hard into real world commodities.
As others are selling their cattle with the up market, I've held everything and bought some more. I just worry about having a good chunk of them in other zip codes on leased ground.
"dozens or hundreds of pounds"
Even assuming the wildly undervalued silver, 1 dozen pounds is ~4000 in today's USD. A modern phone's weight (IPhone 14, if you are curious), would be equal to ~140, too. I would think that is perfectly reasonable for an average day. I'm more worried about needing/making change, rather than the weight for a day.
When I wrote that I was thinking more in terms of a MadMax event where you carry everything you own with you.
Yea money market funds is a tough one, you take it out early you get penalty, you take it out after the retirement age you will get taxed.
IMO not everyones retirements will be gone (for good), Patriots are in control and will resolve any money lost after the storm.
Put some money into various different things that hold their value and can be bartered or sold later on
a number of metal vendors offer services to transfer retirement market funds into GOLD IRA. I know nothing about it personally but this may be an avenue of research for you.
Not paper gold or paper silver!
It's real metal. You purchase it through a broker. I used Noble Gold for my IRA and Roth. Had a good chat with the broker about Dave of X-22 fame.
If you dont own the metal, you may lose it.
You may lose the paper gold and silver. Always best to hold assets in your own possession.
sure, but op wanted some way to move things without possibly incurring a penalty for doing so.
IDK either but have bought up some FAZ (Inverse triple of financial markets) I of course have it in a financial company. That means I know I could lose everything on one fateful day when they collapse. I try to transfer some over to an account in a very small bank of credit union. I also take cash out, have bought some precious metals & will do more. Oh I also have crypto. IDK what will happen when but diversity is always the safest best
Sounds exactly what I have done.
I tried to play FAZ in the past without luck but I might have just been too early (never expected them to can kick this far). It's starting to pay off this time and I'm more confident also because of the articles telling people to NOT invest in it and as we know from inverse Cramer it's good to be suspicious when they're trying to steer you away from a particular investment. Just keep a close eye on stuff like FAZ, it's not something you just buy and hold you need to check on it at least once a week because of how volatile it is. I also now hold some PULS which is an Ultra Short Bond ETF
Yeah I'm done some on FAZ but it's regaining. I also got Ugl & Agq
Stickied for additional bank collapse for what’s coming this and the next few weeks. Stay prepped Patriots and Anons. NCSWIC!
Typical socialists, if you continually protect the losers there can be no winners.
The shady banks go first so their depositors get bailed out by the FDIC while they still have money. Just saying
Almost like it is planned
Gold and silver
I'll take How To First Prepare Financially For The Coming Meltdowns for 600, Alex.
I got lots of S. No G
Silver has the most upside but it's good to also have some gold as well as some platinum.
Makes sense another SF bank would go. That's Nancy's hometown right? It's also the hometown to a lot of our cultural woes. Makes sense they will fall first...
I am not sure I care if federal pensions make it through. I think any elected or appointed official should lose theirs.
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.
.....I should meet this Rob From Financial Preparedness
The Council of Rob grows stronger
Diversification and stocking up on food/supplies is the best bet.
And another one gone and another one gone and another one bites the dust!
Mods, we need an "another one bites the dust" gif, methinks. Gonna get good use in the coming days and months.
Great idea! Yes, we'll be seeing a LOT of corrupt institutions falling by the wayside.
If you look at the graphic and then realize that the market is about twice the size of what it was in 2007, holy crow we're in for a wild ride. I would love to see the same graphic expanded up to current times. I bet that would be shocking
By circumstance it’s time I buy a small condo or apartment/trailer type deal.
I refuse to rent, east coast, trying to stay here for work a little while longer rest of fam moving on..