Several small banks are going to go belly up for sure. Hard to know exactly which ones. Others are going to be consolidated into larger banks to prevent their collapse.
Assuming you don't exceed the FDIC insured limit your money should be protected. But that doesn't mean it will be available immediately. There isn't enough money in the FDIC to bail out all the banks that are about go under over the coming weeks. Watch for all this to go down before end of April or so.
Eventually they'll do something to make you whole for your covered deposits, but you may not be able to withdraw it for some time. I'd suggest taking out some extra now if you aren't banking at one of the major banks and plan on needing more than just basic living expenses over the coming weeks.
Answer this... Why would the deep state funded and operated Fed, let their system collapse?
Because WH's are in charge...🎉
POTUS moved Control to the Treasury! 💥
What does this mean for us though? Is my money gunna be gone? Am I gunna be able to buy food, gas and building materials?
Several small banks are going to go belly up for sure. Hard to know exactly which ones. Others are going to be consolidated into larger banks to prevent their collapse.
Assuming you don't exceed the FDIC insured limit your money should be protected. But that doesn't mean it will be available immediately. There isn't enough money in the FDIC to bail out all the banks that are about go under over the coming weeks. Watch for all this to go down before end of April or so.
Eventually they'll do something to make you whole for your covered deposits, but you may not be able to withdraw it for some time. I'd suggest taking out some extra now if you aren't banking at one of the major banks and plan on needing more than just basic living expenses over the coming weeks.
Would I still be able to use a debit card to buy things?