Crypto Bank Collapse

#56

Hello and welcome, Harvardion -

With heavy hearts, we moved most of our assets from FRB today and into a small Credit Union. It’s a temporary shift - as we are working towards keeping our banking to a bare minimum and shift our savings into other assets (e.g., metals and property/land.) If we could move to Tennessee in the near future and get it into one of their local banks after they set up the State Treasury, that would be optimum. If you can’t afford to lose the money - then it shouldn’t be in the bank in this day and age. Catherine Austin Fitts always says you have to be able to defend your assets…and in this day and age - we need our own private armies. LOL

Wishing you the best of luck with whatever decision you make. We LOVE FRB and it was not fun to shift our resources today. However, I don’t know how they recover from this economic hit based on the slim margins that they make. It does feel like a “take down” by the Central Banks.

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#57

I wouldn’t feel guilty about contributing to the bank failing by withdrawing your funds, unless you have tens or hundreds of millions of dollars in there. Regardless I’d recommend moving at least 30%-40% of your savings to a safer institution or investment.

#58

I believe we are watching a world-wide attack on the climate change narrative and those using it as cover.

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#59
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#60

With thanks to omnimatter.

#61

With thanks to bluefalken.

#62

Klaus von Commie Schnitzel’s cyber attack, inbound.

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#63

Thanks neru, it’s hard to know what to do and I’m trying to avoid to play right into their hands…

by the way the CHD link special report couldn’t have been more timely. listening now, thank you

#64

Whow, Robert_Barricklow really good articles, thank you.

I have heard hours and hours of commentary, I think Michael Hudson and John Titus are the ones who have provided the best analysis on the collapse and most succinctly summarized it.

When I first moved to the US 5 years ago I knew about the structural failure of the system and gave myself roughly 5 years to do what I could and then see if I had to return back home (Europe) or not to avoid the collapse which I knew was coming. Turns out there’s nowhere to go as Europe has undergone controlled demolition.

I don’t have nearly enough money to buy a house (live in California) so I’m exposed and not sure what to do…

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#65

Hi TamaraScott,

thank you for your candid response. (I forgot that people can be nice on the internet). I wish that I had enough money to buy property but I simply do not. I’m a PhD Principal Research Scientist with roughly 20 years of academic research behind me (cell and molecular cancer biology) and living off of grants and fellowships for most of that time has led to me being a 40-something year old who owns nothing and is (not very) happy.

When I moved to California in 2018 to work in the private sector for a double-digit billion revenue pharmaceutical company I thought I could earn enough to save to buy a home. Five years later my savings have stopped far short of being able to buy anything as our wages keep rising far less than inflation so year on year I end up being poorer. And now I risk losing what little I have saved up which constitutes my lifetime savings. It’s a sad state of affairs.

I also liked FRB because it’s smaller size compared to the too big to fail banks implied more ethical business standards. Makes sense ‘they’ would like to demolish it and already the data suggest people are acting ‘as expected’ and withdrawing their funds to put to bigger banks.

The private armies concept from CAF is a good one, I’ll consider it.

Best of luck to you too !

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#66

Getting out of California might be the way to go, unless you still have work there that is worth staying for.

Land can be a good investment, at least in the current times but if the government collapses land ownership isn’t really valid unless enforced by police or a private army. I believe this was the original reason why there even were any police departments established here in North America, to drive the Indians off land claimed to be owned by the new folks who sailed over the ocean and declared this new continent to be their property.

If I had savings enough to put down a payment for some land I might do that, but would probably invest more in building houses or other buildings that can be moved on truck/trailers or ships so they could be re-located if there were problems with neighbors that couldn’t be worked out somehow.

Investing in boats or vehicles that will retain their value could also be a safer investment than land or buildings.

#67

I’ve been so taken with “mini-houses.”

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#68

With thanks to omnimatter.

#69

With thanks to omnimatter.

#70

With thanks to RB.

#71

Yes, getting out of this godforsaken (literally) state is our number one priority. Unfortunately, I am not allowed to work anywhere else than my current employer (think of indentured servancy, aka non-immigrant visa) so trying to get my green card: this is its own story in arbitrary tyranny from the USCIS as they require people to have proof of injection with mRNA to be granted permanent residence status (also, flu shot, but only between October and April). It’s all a joke.
We are considering leaving the US altogether but question is whereto.

#72

Oh that sounds difficult to deal with, where are you from then you could return to your home country or would be better to go somewhere else?

#73
#74

3/15/23: Senator John Kennedy of Lousisiana pushes back on Biden ‘bailout’ of SVB:

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#75

South America. Uruguay.

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