Biden on SVB failure: ‘Investors in the bank will not be protected’
I confess that I could not watch the entire speech even though it was short. As Biden spoke, small bank stocks went lower and some had their trading halted on the stock market. While this is the major story today, the end result will be determined by people. If we take our money out of the banking system, we lose 0.01% interest (in most cases) but we still have fiat currency in hand. A poor return considering inflation.
If bank runs do materialize, the illegal government will start WWIII earlier than they want. If I had any money in the bank, I would take it out. You can be sure that the people orchestrating this economic collapse will not lose their financial assets.
David DeGerolamo
Source: https://ncrenegade.com/biden-on-svb-failure-investors-in-the-bank-will-not-be-protected/
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Whistler Blowers, Insiders
I took enough cash out for the next six months. In case my bank gets run on. I do not expect it. Which is why the bulk of my money is still in the bank. I have precious metals on hand if things go really bad. And if that happens the cash will be worthless anyway…