Lions and friends…
This is segment of an article published on NEED TO KNOW.
Federal Deposit Insurance Corporation (FDIC) officials recently discussed how to deal with the next approaching market collapse and hide alarming data from depositors to prevent bank runs.
CLICK ON THE FOLLOWING LINK: https://needtoknow.news/2023/01/fdic-bankers-discuss-bail-ins-to-deal-with-impending-market-collapse/?fbclid=IwAR1dPE-L0uZL8kIgY13nS0IxIxyW22Axz-utSjHhNapQ8mypoqcVULxfhGM
Better half and I watched it. What a freaking joke. Bureaucracy at its worst on full display. These self-important academics (I say that as a recovering academic, myself) have NO handle on what’s going on, and admit they have NO idea how to even assess the amounts or movements of the trillions in the non-banking sector (the Eurodollar market), as critical to the economy as they admit that it is. They’re still trying to figure out how to figure out “lessons learned” from 2008 and how to prevent from happening again!!
Our conclusion? “We’re screwed”. These idiots couldn’t collectively catch a cold, let alone an impending financial crisis sneaking up. What a complete waste of space and money these blowhards are. They are in NO position to protect anybody from anything and their incompetence was frighteningly clear. So was their cognitive dissonance, to know on the one hand that big trouble is brewing and they can’t stop it, yet on the other to believe that their totally ineffective work is somehow still important.
My (non-legal) advice? Get everything you can out of the banking system ASAP. Stock up on non-perishable foods, vitamins & supplements, home and personal defense, skills and community. Keep a good stack of emergency cash at home, and of course get some PM’s! Buy extra medical items like eyeglasses or diabetes monitors soon and keep in reserve. Finish projects and pay off debt. Get ready. If a miracle happens, you’ve lost nothing but you HAVE bought things you can use at prices lower than they’ll be in the future. If the S hits the F, you’ll have a margin of time and safety to see how things go while staying out of the early fray. What we got from this meeting is that it’s no longer a matter of if, but if when, and they aren’t going to be able to ride to our rescue.
Thank you, Greg, for posting this so all can see. Now anyone can have the words straight from the jackasses’ mouths. It’s tin foil land no longer.
Thank you Mr. Man.
In addition to bankers planning bail-ins,
pay attention to coin machines placed within banks (for our CONvenience)
Banker goal is to get as much coinage out of system to prevent barter when the great monetary reset click on.