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.
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!