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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (33065)	2/18/2021 10:29:21 AM
From: GUNSNGOLD	5 Recommendations Recommended By DinoNavarre isopatch onginvester polarisnh roguedolphin Read Replies (2) \| Respond to of 50758

SOTB, What is different this time is that we will have a currency crisis that will coincide with the GBOAT. So what happens when all the cash is trapped in your bank and instead of cash that you will want to utilize to buy high dividend paying PM stocks is now converted into worthless bank shares of where you had the money "deposited" or better described as loaned. This is what compounds our problems. We will not have had a crisis like this since bank panic 1907. The lessons from that event extrapolated into a modern equivalent would be an example of what will happen. US Citizens have to much faith in the banking system because of the Federal Reserve. Central Banks are on the chopping block this time and who knows what they will do. You will not be able to move fast enough because they will seek to lock all the cash in the system to prevent you from protecting yourself. Maybe it will be fine for deposits below the FDIC limit or maybe not. That is what makes this time different. A one-off banking event that happens once every 100+ years. Yes, this time it is the "same" but that one aspect (banking crisis) changes the whole outcome. G-n-G