Remember what follows the Queens death. Its time! Happened when they said it would if you followed the right people. Marker hit! Hope everyone is prepared.
EU financial system will collapse and then ours. The Jewish holiday is almost here and 9/11. The next three week will be very interesting to see what happens. Sorry you have no idea. Get prepared....
After the previous crash most (all?) western banks rewrote their Terms & Conditions to include verbiage that effectively states everything in your account above a certain limit (eg, $250K in US) can be converted to bank stock, aka, 'bail in'; though I'm sure the CBs will still pinch in with some bail-out money, too; in a major bank crash I wouldn't be surprised if they lower the threshold on what part of your bank account can be converted to bank stock.
So, yeah, if you have a lot of cash in the bank you probably want to look at spreading it out to lessen the likelihood of your bank converting 'excess' funds into bank stock. Local banks and credit unions will definitely be better than the retail arms of the too-big-to-fail Wall Street banks.
Fight inflation with MORE inflation!
People are living life to its credit limit. That always turns out well...
Here's a great video that reinforces Greg's message (the current system is based on DEBT).
https://beforeitsnews.com/eu/2022/08/money-as-debt-how-our-money-system-works-2006-2692857.html
Remember what follows the Queens death. Its time! Happened when they said it would if you followed the right people. Marker hit! Hope everyone is prepared.
I have no idea what you’re talking about. Usually 2 more deaths will follow ?
EU financial system will collapse and then ours. The Jewish holiday is almost here and 9/11. The next three week will be very interesting to see what happens. Sorry you have no idea. Get prepared....
That sure was a dumb comment.
Dominoes are falling.
Should everything go into cash?
In regards to cash, preferably exchange it for hard assets, but DEFINITELY keep as little as possible in the bank.
Remember, if you can't HOLD it, you don't OWN it.
After the previous crash most (all?) western banks rewrote their Terms & Conditions to include verbiage that effectively states everything in your account above a certain limit (eg, $250K in US) can be converted to bank stock, aka, 'bail in'; though I'm sure the CBs will still pinch in with some bail-out money, too; in a major bank crash I wouldn't be surprised if they lower the threshold on what part of your bank account can be converted to bank stock.
So, yeah, if you have a lot of cash in the bank you probably want to look at spreading it out to lessen the likelihood of your bank converting 'excess' funds into bank stock. Local banks and credit unions will definitely be better than the retail arms of the too-big-to-fail Wall Street banks.
Bail INS are definitely incoming.
Bank accounts, 401(k), pension, etc, etc are all at risk.
Copy that gm freak show max. Have a great evening sir