First let’s examine how the Great Depression was kicked off.
Most folks think of The Great Depression as a result of the stock market crash of 1929, but that was not the start. What preceded the crash?
The value of the stock market almost doubled in just eighteen months prior to the crash with speculative buying. Then the panic sat in and the rush to sell by millions of stock holders created the crash. Does that remind you of anything? What was the market at when Trump took over? >10,000? Where is it now? > 33,000? Well yes it is.
Does anyone believe that huge gain is due to more assets, more wealth? I watched it grow and I never believed the value was there. It was pure speculation, but who was driving it. Trump touted the gains, but I think even he knew what was really going on, and their plan was a huge crash.
What else was needed in 1929 to really get the crash rolling? Runs on banks?
Every day we see panic pushed on how the banks are going under. What would a mass panicked rush to withdraw their money by tens of millions do? It would ensure the banks fail. Who would that benefit? It damned sure wouldn’t be the lowly customers. Stampeding the sheeple would kick off the Great Reset, just like the last Great Reset, that they named The Great Depression.
Did the filthy rich lose everything in the Great Depression? They still came out on top. When a rich man loses everything in the reset he still has enough assets to be rich. When a poor person loses everything in a great reset he is barely able to manage to feed himself and his family much less hang on to assets. They get richer, you get poorer. They have used this tactic throughout history.
What happens when a company is boycotted? Who loses? The rank and file stock holders lose. Who wins? Those that knew a boycott would occur. Who would know that? Those in the financial system that run the corporate board that implement the policies that kicked off the boycott? How would they benefit? Selling their stocks at peak price. Short selling even?
Short selling is an evil that should have never been legal, and should be one of the first things a patriot administration stops.
These thoughts are just my take on watching the financial news pile more and more bad omens on the people every passing day. The cabal needs a financial panic to trip off their next great reset, and their lapdogs in the media are doing their part to try to create it. I don't believe Trump and the whitehats plan involves losing everything you worked for all your life. If it does then there is no plan. If you believe in the plan don't panic. Panic is the plan of the enemy.
Back then you could withdraw wealth, real wealth, gold. Now, so what if they give you paper? it will be worthless anyway, there is no point in running to the bank, the vaults are empty. Tragic.
I'm not sure why you got downvoted, but I bumped you up again. I don't think people understand that the Reserve Requirement for banks is practically zero, so the vaults are as close to empty as you can get. Nevermind the speculating in derivatives they do too. While credit unions are "better" than a larger bank, the entire system is on life support + propped up on a fake financial system that was always intended to be crashed, in order to steal people's paper wealth.
I prefer the kind of wealth I can hold in my hand
I recently watched a homesteading type video where banks were mentioned. The person doing the video said that they tried to get just $200 from their bank (one of the ones in the news lately) and were told there was very little cash, so they couldn't get it all in twenties. What kind of problems did they have that it was hard to scrape up a few hundred dollars?
I'm no financial expert, but I would recommend drawing out a bit of cash to use as long as it can be, and use the rest to buy useful goods, food, tools, hardware, etc., and if you're well-supplied in that area, spend the excess on silver, or on gold if you have that kind of money.
If you need to keep cash in an institution for paying bills, etc., I would go with a credit union. I'm in NC and use one of the largest in the whole country, and it's owned by the depositors.
Do most credit unions still rely on large banks for clearing checks or card purchases?
I don't know. Mine is for state employees and everything clears almost instantly. I'm pretty sure there aren't more than a very few organizations that can clear payments.