The EVERYTHING bubble.
As preppers we understand this terminology because we keep our fingers on the pulse of economic depression and collapse. It is one of the most popular reasons to prep. Rightly so, as our economy is largely built on banking and trading.
Things like mortgages, credit cards, auto loans, business lending, and debit cards are what make the American economy work. Since we are the world’s largest consumer you could argue banks make the world work!
That said, it appears we have reached a point where small and medium sized banks are struggling to keep their heads above water. What happens in the US if small and medium sized banks fail all over the US?
I think the folks at ZERO HEDGE said it best in a recent tweet:
If the Fed does not contain the regional bank collapse, there will be another great depression. (Source)
Which Banks Have Closed So Far?
The 3 banks that have closed so far are Silvergate, Signature, Silicon Valley Bank.
You might have heard about Credit Suisse falling on hard times, too.
The global lender has had trouble for a very long time.
While Credit Suisse did not officially close it did get gobble up by the 3rd largest bank and investment group in Europe, UBS.
These banks failed because the FED is at war with inflation. No matter what story you hear you must know that interest rates had to be hiked to combat inflation.
Related: Rampant Inflation: 10 Things To Do Before It’s Too Late
In doing so this lowered the assets of banks all over the country and put banks in this kind of situation.
What Happens Next
There are currently 186 more banks that are on the very same path, without some type of government intervention. The problem is that large amounts of money above the FDIC insured deposit amount are being pulled out of these smaller banks.
The fear has taken its grip and people are looking at anything above $250,000 as a serious risk at the moment. Would they get their money back if the bank shutdown? When would they get it? In the case of SVB their uninsured deposits are supposed to be returned within 3-6 months.
While it might seem scary, I would recommend you keep all your insured deposits in local banks. These banks have to stay afloat in order for our economy to survive this. At the end of the day it will be up to the people to keep these small and medium sized banks afloat.
I wish I could tell you that 15 years ago we learned exactly what to do in a situation like this. We propped up banks in 2008 but it seems that larger banks and even our government are not having success holding these banks up.
How Do You Keep Your Money Safe?
The best answer to this is diversification. When you talk to people who manage money they often tell you to diversify.
Well, in more radical times the diversification is just different.
Taking all your money out of banks will tank them and the economy.
However, you can invest some of that money outside the bank.
If you want to put your money into things that will help your family through tough times, I recommend the following investments.
- Shelf Stable Food
- Gold
- Silver
- Gold Backed IRAs
- Nearby Land
- OTC Meds
Barter And Trade
Beyond taking your money and putting it in a new place, you must be prepared to change the way you do business in this nation. If we look ahead it becomes clear that we need alternative payment methods beyond cash and card.
Well, you can start that process now.
You can seek out people at your local farmer’s market or even neighbors and trade with them outside of the USD.
Do not wait until the banks close or the government tells us we have to use CBDC for all of our transactions.
Now is the time to develop a currency that makes sense in your life. That could be gold, silver, cash, junk silver, or sea shells if you want! You need a trade system that brings what you need into you home even in the face of a struggling economy.
Living Out The Crisis
We are now on the tracks to an unavoidable crisis which is a number of situations that are all happening at the same time. We cannot get off these tracks.
The western world is facing a massive financial crisis that reaches far outside the United States. At the same time, we are under the spell of zero emissions rhetoric that is also crushing economies and putting undo pressure on consumers at the gas pump.
The war is grinding on in Ukraine which is impacting everything from geopolitical stability to wheat prices.
Here at home we have a border that is broken and is leaking a drug epidemic into every corner of our nation. Criminals are more emboldened than ever, and we are struggling to fill the ranks of our police and military.
The question is: Where do you want to live out this crisis?
⇒ Where Free Land Can Be Found in the USA
No matter how it all plays out I think it is important to understand that our hardship is far from over.
How are the people around you going to fair with such hardship?
Will it be total chaos? Do you have people you can trust nearby?
I think the time to answer those questions was in 2020 but here we are in 2023 and there is still time to move and make things happen. I do believe there will come a time when movement and freedom will become extremely limited. Keep that in mind.
We are watching the latest dose of reality hit the American public and the world at large. My biggest piece of advice is to get used to it. Get used to seeing things like this happen more and more.
We are on a trajectory to tyranny. That is either the motivation of these events or the way they are used after the fact.
Do you think it is a coincidence that The Federal Reserve Bank is launching FedNow, a service offered to depositary institutions that is faster, safer, and stronger, in May of 2023. This tool is literally designed to help banks avoid exactly what is happening to them now.
The tool will enable participants in the FedNow Service to transfer funds to one another to support liquidity needs related to payment activity in the FedNow Service.
This is not a drill, preppers. It is time to diversify your wealth and to get plugged into your own local supply chain. Do business in trade and barter, NOW. Soon it will all be in the Feds hands and your options will be gone.
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Pull everything out before you lose it
And do what with it?
Buy things of value
Buy food, water, seeds, ways to purify water, ways to heat your home with renewable resources, books on survival, guns, ammo (lots), additional fuel just in case, oil lamps, blankets, clothing (winter and summer), SHOES (and not the stylish nonsense that women buy and wear), boots, non powered tools, NAILS, OTC medicines, feminine hygiene items (bartering if no other reason), similar useful things.
Solar is OK but not those tiny garbage ones they peddle. One of those will take a solid WEEK in full sun just to charge one phone.
Rechargeable batteries, alkaline batteries, etc.
Fishing equipment.
After you get all those things, then buy gold if you are rich or silver if you are middle class or poor.
Remember, gold is useless in a SHTF scenario.
But silver can be used to forestall milk spoilage, help purify water, other uses.
Try buying a loaf of bread with a gold coin. You won’t be able to get change.
Even silver may be difficult if you only have 1 ounce rounds.
This risk is further tanking the economy. If the dollar becomes worthless, that cash under your mattress will be good for nothing but toilet paper.
I don’t have that kind of cash in banks, and what I’ve got is already split between different banks.
I also spread my cash between multiple banks in hopes that they don’t all fail at the same time! And unfortunately I live in a large city with hopes in relocating to an acreage in a sparsely populated area in my midwestern state. Unfortunately to do that I most likely will need to finance that, I have grown quite accustomed to being debt free, and really am torn on the thought of property payments again. It does indeed appear to me to be the lesser of two evils when I consider how how city life has been deteriorating.
I also hope that cash doesn’t lose all value too quickly!
Guns, ammo, gold, silver, whiskey, vodka, toilet paper, paper towels, cigarettes and cigars for the nicotine addicts, fresh water and water filters and water purification tablets and preserved food. Start thinking like a prepper, you may need it.
I agree, it seems cash needs to be spent fairly quickly if things start to go belly up – it’s good to have a bit on hand but not loads, in case it becomes worthless (it already kind of is, apart from the “confidence” keeping the fiat scheme going). I don’t mean gold/silver, obviously, I mean fiat currency, those bits of (toilet!) paper. I’m taking the view that actually spending money now on things we as a family will need, things already mentioned here, is a good investment and offers a bit of protection against inflation if nothing else went wrong. Clothing, footwear, waterproof/weatherproof gear, as well as the other things are something to have spares in stock, because they wear out over time. I hope that spending it now will actually help businesses to stay afloat somewhat and delay a collapse. But what does little old me know – not that much actually lol. We all just gotta do our best, share our thoughts and wish each other luck – we’ll need it.
We can thank politicians like Nixon for opening up trade with China and taking the US off the GOLD Standard. Now we have fiat money and fiat ‘Bite Me Coin’ that is mined by high powered computers. Are people sure block chain is nothing more than another fiat scheme?
Gold, Silver and hard assets will be the form of money.
How soon do we think the whole enchilada will fail?
Crash it collapse it burn it
Republicans are responsible for the welfare society and gold standard collapse
What’s Next
This is a set up scenario, that the Elite have been planning for a very long time.
What is sad is that so many people are BLIND to what is going on around them.
Just as long as it does not interfere with my life then who cares about anyone else. That has been the mentality that has been going on for quite some time now.
But all this that has been ignored has now come to a head and the poison that has DISIVED all the ones that are BLIND to their surroundings is now in your face and your life, today…
What’s Next
The only thing that anyone can or could do is to prep and get right with GOD and His Son JESUS CHRIST…
All this is going to happen weather you are or are not ready for the coming of The Son of Man.
If you are not ready then I say to you better get ready, one way or the other it is going to take place. Keep your eyes on the SKY.
What’s Next
When we lose the election this coming 2024, Because of the LIARS, I fill that we will be in some shit so deep that we cannot see the light of day when morning come’s, this administration is trying to bring america down so far that we will accept anything they want to give us, so be strong and LEARN how to live.
If we do not do something to start some kind of a barter system, we will not make it without the BIG gov coming to help, lol…
I am going to start talking to the local farmers and start to set up a time where we can come together and talk about how we can barter what we have and see if it goes somewhere. most people say there is nothing to worry about. That’s the problem, they are small minded…
Stay sharp
BUY silver.
Talk to others to set up a trading area, that y’all can meet and trade, because if you get caught, they may be kind and just say leave or they may make a big deal out of something so simple as trading supplies.
These will be the enforcers that will in force any rule they see fit to put on us. YOU READY…
GOOD, QAnon Sahlman will be set FREE May 24 for false imprisonment by the JAN 6 LIE…
Making prison room for the one’s that LIED about what really happened on that day. lol
At least you know voting is dead
Whatta crock.
hey Red Ant and any others I am a young prepper beginner my friend I am a sinner I have questioned my faith I want to survive these upcoming events I have little money and little faith. My email is teast@wcs.k12.va.us please respond to me here
Become less dependent on the system. Pay off your so that you have a place to live when SHTF. Next, pay off your vehicle. Start your system for producing your own food. (gardens, orchards, livestock, food storage). Produce at least some of your own energy, and if you have anything left, then purchase gold and silver. My husband and I have been working on this plan for 3 years. We don’t have much, but what we have is ours. We became marketers at our local farmers’ market and to tell you the truth, there’s not as much being grown locally as you might think.
We maybe heading more towards another hellacious depression. How many Americans will loose their homes as the banks fail. Like in the Great Depression the banks foreclosed on home owners and Farmers.
Politicians in modern times never lost their jobs, just poor people who voted the crooks into office did.
Covid was just a test the politician minions saw how gullible people were. When Dr. ‘F’ said just 14 days stay home, turned into 3 years of tyranny, we got blindsided. What is there next step after bank failure?
Powell just asked Congress to reduce the FDIC insured account limit of $250,000. Think bail in which means get money out and convert to tangible assets. I started with books that support self reliance and creating a small group of like minded people five years ago. I sleep good at night having others with diversified skill sets. Aint gonna go this one alone. Also, the internet does have an on-off switch controlled by the powers that be. This concerns me more than the FDIC backing $18.2T deposits with $123B reserves.
Please prepare.
The Bite Me plan is to give China more control in the USA, buy more farmland purchases. Also bank collapsing our system to be replaced by the FED Coin, surveillance.
We are out numbered by low information dummy voters who vote for the one-party culture today.
It won’t matter where you go, the USA will be divided by regions and sections. You will need a passport to travel, issued by HHS or some alphabet agency.
The mass shootings are just a cover for gun confiscation coming.
The Soros DA’s go after law abiding citizens. Not the Covid illegals flooding over the Southern Border. Or criminals in general. CA Newscum is planning to shutdown prisons in the State. Let them commit more crimes.
We paid for the border wall materials. It maybe up to private citizens to finish the WALL.
The panic will happen when FED troops block the major freeway system for travel.
The lib’s are doing their planned opportunity before the 2024 election happens. Are people waking up too late?
How much gold and silver can we carry in the backpack with all the other bug out stuff we need?
It’s a mess out there!
The rule of thumb is to never keep your eggs in one basket. That said, Instead of complaining here, write to your elected officials. Bombard them with emails and letters. Get involved on what ever level you can to speak up and demand that they take corrective action. As best you can, make a difference locally. Don’t let them walk all over you and steal the American Dream away from our next generation. Donate your time and your spare cash to a candidate with a worthy America first political agenda. If you sit back complacently and hide your money under a mattress, or run away your only asking for more trouble and you will get it too!
People have flooded the emails and phone lines of elected officials. The Blue State politicians simply ignore the voters anymore. They don’t represent us anymore.
The only hope now is making sure the lib’s don’t cheat again in this next presidential election.
The local and Blue State politicians we have, are rope-a-dope the voters with BS.
Soros is out spending us in certain areas beyond the cash poor candidates who are getting our support. Since Biden got elected people are plain tired of the white wash tax and spending.
Government doesn’t care about you
Here, our elected officials told us to leave if we didn’t like what they were doing. For those who refused to leave, they made victims by changing the laws so that they allowed criminals to run wild on the streets Many people took that advice and left the state. Others fled later in fear of their lives. What did they accomplish in all of this? Plenty! They left the state open to be filled with thousands of illegals who they now want to give the right to vote in elections.
According to both Bo Polny and Charlie Ward’s “guests” on his show, something HUGE is coming on April 5th-April 6th (YES, 2023!!), so you’d better get over to Walmart and buy that 18# bag of Himalayan RICE right NOW!! Don’t forget some canned meat and fish, too, along with veggies. Don’t forget your T.P. , soap, and toothpaste, you guys, but get a move on!!
Oops! FORGOT TO ALSO SAY: WATER!!!!
Where have you people been? I’ve been draining my bank account to buy things I’ll need now and in the future for the last two years! By the time the social credit scores and CBDCs hit, I’ll be broke and happy. But I’ll own a working farm and be self sufficient.
You should also buy Bitcoin. It’s unconfiscate-able if you hold it in your own private wallet. It’s volital and will go up and down in value, but it always end up higher in the long run.
Bit coin is another fiat money scam. What happens when the electrical grid can no longer support all the EV charging on top of all the conversion. From gas stoves to electric stoves and so on?
The bit coin is mined by computers, paper money is a little more secure.
But best of all Gold and Silver are the most stable form of currency to date.
My grandparents told me stories about the GD. I can tell you that owning your land, mortgage free, being able to raise your own food, having practical trades skills/ survival skills will be needed. Computers won’t matter too much if the electricity is gone and communication networks/internet are unavailable.
Yes I agree with you history has a way of repeating it self I know not many people can afford to pay everything off but paying off your home or property would help.I also agree to stocking up and growing your own food
Not anymore it’s dead
This is just a transition to eventually be the devil chip. We’re switching from the dollar to something else. Just roll with it. Nothing you can do, or prep for. Gold has no purchase power or incremental buying. And gold or silver doesn’t back the dollar or crypto. I’d sell my gold or silver before it’s just a worthless metal, one only rich elites can trade. Civilians won’t be able to use it the way you have been brainwashed to think. Get cash for it while it’s high. Cash will change identity. When it does you can cash it in. Don’t wait. Pray about it.
Wisdom is the principle thing, therefore get Wisdom. When money fails nobody will pay taxes, mortgages and auto payments, insurance, medical coverage and social security will be extinct. Ammo cans with a variety of seeds, all kinds of Ammo even if you don’t have the firearms for them, tobacco and booze will be currency. Canning jar lids and gallons of vinegar. Heating oil will become lamp oil. Extra wicks in your oil lamps. Mostly, your personal relationship with the Father, Son, and the Holy SPIRIT. WISDOM
James Walton, BTW, What are your financial credentials? Do you have a degree in finance, business or economics? Have you worked for a financial institution or regulatory authority? Are you a certified financial advisor or bank officer? Hey! Inquiring minds want to know because this drivel you have written here is not financial advice and it may do more damage than good causing panic and anxiety. Why you ask? Because your entire article is based on a Twitter tweet by Zerohedge!
I do work for an alphabet agency, I do have a degree in economics, and my family lost thousands of dollars in bank collapses the Great Depression in the Midwest. They survived the Dust Bowl too. Things are not currently not looking good…good financial practices and sound business judgement are being pushed aside in favor of DEI & climate agendas within large corporations, government contractors, and throughout all levels of government. People are better off investing their time and energy in land, homestead, and capital improvements to improve the liveability of this, and getting that debt free. I suggest reviving animal husbandry and agricultural knowledge to grow your own food and be prepared for a trade skill/barter based economy. Everyone is still free to choose who to listen to. As for me, I have ZERO STOCKS, cash, limited use of credit unions, trying to get completely debt free. If the SHTF, 80 percent of Americans will be dead in 1-2 years. No survival skills, soft, dependent upon the government for most of their life/lifestyle support. People in urban areas won’t have transportation, utilities, ability to get food in stores. During COVID-19, I had to travel around to get groceries & supplies, here and there.
SHTF will be MUCH WORSE, VIOLENT, SEVERE DEPRIVATION CONDITIONS within 6 months. Take a good look at Ukraine…barely functioning. All the money in the world won’t matter if hyperinflation devalues it. Just look at Venezuela.
I am sorry to hear that your family has had a history of financial problems, but causing panic does not solve anything and puts more people at additional risk because they then tend to make poor decisions based on bad advice.
GET REAL!!!
This is absolutely not going to happen. Banks (WEALTH) own this country and the elected government.
There are a dozen more likely things that could happen before the Fed lets the banks fail. Either way, it does not matter, we must prepare. The coming event is on the horizon.
Regarding the Dollar, if the Fed starts lowering the interest rates, 6% inflation will double to 12% by next Christmas, making the dollar worth less and less. Five dollar carton of eggs will be $10. HOWEVER, if the Fed keeps increasing interest rates, many more banks will fail with Billion$ of worthless bonds. The Fed will not do that, they will not keep raising interest rates. Thus, our dollars will slowly become worthless. The FED can not stop the next financial collapse, they can only slow it down. THESE ARE THE FACTS.
BRICS members: China communist party, Russia (China’s communist Puppets), India (A democracy that is Totally scared of the Chinese communists), Brazil (I am quite surprised by their decision to become a servant of the communists) and now Saudi Arabia (oil rich idiots, China will Nuke Their Ass, and Take Their Gas). BRICS is NOW a much bigger threat to the Dollar with the Chinese fiat currency REPLACING the dollar to trade and buy oil. Many other countries that are truly not our friends are joining BRICS. They will all be servants of the Chinese communist party.
Worse Case Scenario: China has the best chance to suddenly end our way of life with EMP nukes in a “surprise attack”. They are fools, our Subs will end their way of life too.
Invasion in the USA? Unless there is a dominating invading air force, the USA will NEVER be invaded. We have 16 million armed military veterans along with 15 million “deer hunters” (highly skilled snipers), and most of these folks live in the country and will protect their families and friends.
Internal USA political problems (or an EMP) will probably take us into the “dreaded 2nd Civil War” that will completely end our way of life.
It will cause the “left wing-city dwelling-atheist-democrats to leave the starving-sick-dying cities -VS- the “right wing-country dwelling-christian-republicans”. Sadly, a lot of innocent starving sick people will not last long invading a countryside full of snipers. But those huge Gangs of City Dwelling Zombie Killers, they will be a very dangerous challenge for everyone.
Better get involved in your local country cities/towns and churches. And Above ALL…Get right with God, there is a horrible reckoning coming.
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