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.
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