In this video I explain how a banking collapse is coming, how we will be kept in the dark, and 5 critical steps to take right now! This is a silver stacker’s reaction video to a meeting of the FDIC Systemic Resolution Advisory Committee conducted this past November. The Federal Deposit Insurance Corporation (FDIC) which insures bank deposits, conducted a roundtable brainstorming session in which they discussed transparency and communications to the public and other stakeholders in the event of a bank failure. A bank failure that could become systemic as we witnessed during the global financial crisis of 2008. The FDIC’s video gives us an inside view into the mindset of the banking industry and the central banks. We should be concerned about our bank…especially investment banks. The FDIC insurance created a moral hazard by creating apathy about banking practices. The Deposit Insurance Fund (DIF) which backs people’s accounts is not sufficiently funded to withstand cascading bank failures. Once a bank customer has deposited his or her money into a bank they no longer own that asset directly. He or she instead has a claim on that asset which is backed by the general pool of assets of the institution. I also discuss the impact of a bank bail-in, explain that there will be those who are protected and those who will NOT be protected, and how a Central Bank Digital Currency (CBDC) will factor into who is protected and who isn’t. Find out what 5 steps you need to take to help prepare you for what’s coming!
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Music By: “Three Little Drummers from the George Washington Show” and “Bugle Feature: Pezel Twist from Warlike Musick” by The United States Army Old Guard:
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Topics Discussed: silver, silver dealer, omnibus bill, end of cash, banking regulations, bullion dealer, silver demand, coin dies, gold, buying silver, selling silver, congress, president, economy, banks, silver bars, silver rounds, silver dimes, inflation, precious metals, bitcoin, digital currencies, CBDCs, central banks, FED, federal reserve, invest, fiat currency, hedge, debt, wealth, silver stacking, stacking silver, stacking gold, stack silver, stack gold, silver bullion, gold coins, gold bullion, investing in silver, how to invest in silver
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A BANKING COLLAPSE is COMING! 5 Critical Steps to take RIGHT NOW.
The global pandemic has wreaked havoc on economies around the world, and one of the sectors that has been hit the hardest is the banking industry. With rising unemployment rates, loan defaults, and a decrease in consumer spending, the stage is set for a potential banking collapse. While this may sound alarming, it is important not to panic. By taking certain steps now, you can protect your finances and navigate any potential crisis that may arise.
1. Diversify your assets:
One crucial step to safeguard your financial wellbeing is to diversify your assets. This means not putting all your eggs in one basket. Instead of relying solely on traditional banking institutions, explore alternative options such as digital banks, credit unions, or investment accounts. By diversifying your assets, you reduce the risk of losing everything in the event of a banking collapse.
2. Build an emergency fund:
Now is the time to start or bolster your emergency fund. This reserve acts as a safety net during difficult times and can help you avoid relying on credit cards or loans. Aim to have at least three to six months of living expenses saved in an easily accessible account. This fund will not only protect you during a potential banking collapse but also provide peace of mind in case of any unexpected expenses.
3. Reduce debt:
In times of financial uncertainty, carrying a heavy debt burden can be incredibly risky. High-interest rates combined with a banking collapse can wreak havoc on your financial stability. Therefore, it is essential to reduce your debt as much as possible. Prioritize paying off high-interest loans and credit card debts, as these typically come with hefty interest charges that will only compound if the banking sector undergoes a collapse.
4. Stay informed and communicate:
Knowledge is power, particularly when it comes to your finances. Stay up-to-date on the latest news regarding the banking industry and be aware of any potential warning signs. This will allow you to make informed decisions and take appropriate actions to protect your assets. Additionally, regular communication with your bank or financial advisor is recommended. They can provide guidance and help you better understand the risks and implications of a banking collapse.
5. Explore safe investment options:
While a banking collapse can have catastrophic effects on traditional banking assets, not all investment options are equally vulnerable. Consider diversifying your investment portfolio by exploring safer options such as gold, government bonds, or real estate. These alternative investments tend to be more resilient during economic downturns and could provide a buffer during a banking crisis.
When a banking collapse seems imminent, it is crucial to remain level-headed and take proactive measures to safeguard your finances. Diversify your assets, build an emergency fund, reduce debt, stay informed, and explore safe investment options. Following these critical steps will ensure your financial stability and minimize the impact of any potential banking collapse. Remember that preparation is key, enabling you to weather any financial storm that may come your way.
Prepare for an Impending Banking Collapse: Take these 5 Essential Measures Immediately. appeared first on Inflation Protection.
