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.