Author of How to Prep When You’re Broke and Bloom Where You’re Planted online course
The FDIC recently released their quarterly report with some disturbing news: they have a list of “problem banks” that are “near insolvency.” These banks are in trouble because of unrealized losses on securities ballooned by $39 billion to $517 billion.
In a quarter.
Not year over year. Not over a decade. Over a course of three months.
That’s an absolutely shocking increase. Residential mortgage-backed securities are the brunt of the problem. Sound familiar? Remember the subprime mortgage crisis of 2008? When everything went to heck, it was over around a trillion dollars in mortgage-backed securities that caused the bubble to burst. We just went from sort of okay to half a trillion in three months.
This is a really big deal.
Which “problem banks” are in trouble?
This is where it gets sticky.
We don’t get to know which banks are in trouble.
It could be my bank. It could be yours. Or maybe it’s not.
Are they big banks? Small ones?
The list is confidential to inhibit the likelihood of bank runs finishing off these institutions.
So we just don’t know.
What we do know is that the FDIC has the funds to replace 1.17% of the qualified deposits in America. If your bank goes first, you’ll get your money back after months of waiting. If your bank is further down the line?
Good luck.
We watched this happen with several banks last year, when only 12 were on the brink. Now there are 63.
Last year, we also saw that the FDIC made a plan for a bail-IN using our money. It’s not just me saying it. It’s on the record. There’s a video of the meeting.
What should you do?
If you have savings, it’s time to make it tangible. Honestly, it’s past time. What you invest in gold, silver, land, food, and other preps is yours, and the FDIC can’t touch it to bail-in any banks. If they’re going to keep secrets like this, not letting us know if our money and investments and retirement funds are safe, then we have to be proactive. You can’t just stuff your mattress full of cash. You need to put your money into things that hold its value because if these banks collapse and more countries join BRICS, your dollars won’t hold their value.
I began switching my savings to precious metals a few years back, a little bit at a time. Once your needs are taken care of with preps, you need to plan for your financial future so you can ride this out. I think the coming collapse is bigger than the one in 2008. I watched a family member lose every dime he had saved for retirement back then. At the age of 76, he had to try to find work.
If I learned anything, it was that the banks will do what’s good for the banks. You have to do what’s good for you.
If you want to learn more about how to transfer your savings into tangible metals, contact a consultant at ITM Trading. They will provide you with a free, no-strings consultation, and even if you don’t make the change, you’ll walk away with a lot of information personalized to your situation. You can also give them a call at 866-517-1257.
I wouldn’t recommend waiting around to see if your bank is on that list of 63 problem banks. Because by the time you find out, your money may be gone.
What are your thoughts?
Do you have any guesses as to which banks are in trouble? Are you concerned about your savings and retirement funds? Do you think they’ll manage to kick the can a little further or is this it?
Let’s discuss it in the comments section.
About Daisy
Daisy Luther is a coffee-swigging, adventure-seeking, globe-trotting blogger. She is the founder and publisher of three websites. 1) The Organic Prepper, which is about current events, preparedness, self-reliance, and the pursuit of liberty; 2) The Frugalite, a website with thrifty tips and solutions to help people get a handle on their personal finances without feeling deprived; and 3) PreppersDailyNews.com, an aggregate site where you can find links to all the most important news for those who wish to be prepared. Her work is widely republished across alternative media and she has appeared in many interviews.
Daisy is the best-selling author of 5 traditionally published books, 12 self-published books, and runs a small digital publishing company with PDF guides, printables, and courses at SelfRelianceand Survival.com You can find her on Facebook, Pinterest, Gab, MeWe, Parler, Instagram, and Twitter.
I have heard banks had these issues since the ’80’s. Best to switch to credit unions. They just don’t loan money out as easily as banks do. We are retired and have CD’s and some bonds and will pass what’s left down to heirs. Gold and silver will be outlawed for buying and selling. Will only be good for bartering. After Y2k hype, gold and silver tanked. Sold silver soon as it went up some. Will not buy again ever.
I am very concerned about our retirement & pension. Very. We can’t withdraw any until hubby reaches 59 1/2 next October. House has maybe $53k left on it. I told him I want to pull out a substantial amount next year but he is still working so we’d be taxed his income plus what we pull out right? That’s not sensible for us.
Our financial advisor is an old Christian friend with whom we trust completely. He advises to not take out what we’re making fantastic gains on to pay off a house at 2.89%. It’s peace of mind for me. But I stand alone.
I was in very similar shoes seven years ago. I pulled everything out and took the penalty. At the rate of inflation the dividend gains projections were not keeping pace with my ultimate desire to own and hold outright and my needs to buy livestock and equipment low while the dollar still had some purchasing power. It led to some friction between my wife and I, but as we look at things now it was absolutely the correct decision for us.
I’m sympathetic to you feeling alone.
I applaud your strength to lead that way! I tell him, our future dollar paying off the house is worth less than today’s dollar so it makes no sense to wait (aside from the big penalty for another year).
It doesn’t help that he’s stubborn and narrow minded. ;(
We had $63k left on our house and paid it off despite ‘gains’ if remained invested. I’d rather be the 100% owner of our house than be stuck on a short end of the stick. We retired in 2021 and, despite having savings to sustain us, have been making small calculated retirement savings withdrawals to have cash, gold and silver on hand when, if economy collapses.
Absolutely, Dan! Worth being debt free.
Unfortunately, most of us pay real estate taxes, so we do not truly own our homes.
Yeah… I’m right there with you. We only owe on our house $35k, after only 5 years. We used my IRA and doubled payments each month. Put a large portion of it on the mortgage
We are on target to pay off the mortgage in September!
I think that peace of mind is priceless.
For the past three years we have taken out large chunks. We just had them take out the taxes for us, so we only have to pay taxes on our income. Turned out we got money back! Taxes are stair stepped, so you don’t pay the same taxes on all of your money.
I would pay the small fee to talk to a tax accountant to find out what the final tax hit would be. We learned a lot.
Yep, we have. It’d be substantial.
At that rate you’re beating inflation. Drag that mortgage out as long as you can pay the minimum.
I was in the same situation a couple of years back. I got the same its a bad move advice from Fidelity, you have to pay 20% tax on pre tax money, Contact your mortgage company for the payout about mid December after your husband turns 59 1/2. Take half of what you need to pay off the house in Dec and the other half in Jan. That splits your tax bill, and they withhold the taxes. After the second withdraw clears pay off your mortgage. Remember your 401k makes their money weather you win or loose in your investments, and a paid off mortgage can never be foreclosed. It worked for me. Good luck.
Achtung Achtung, liebe US Bürger. Passt auf das nicht ein neues US 9/11 auf euch zukommt. Denn Krieg ist die einzige Lösung des antagonistischen Widerspruchs bei den Banken für dieses System. und der Krieg gegen die Bevölkerung von Gaza und Ukraine beweist das das kapital nur so seine Probleme versucht zu lösen. Doch sie sind unlösbar. Ich habe eine Formel. Kapitalismus ist: Krieg- Wideraufbau-Krise-Krieg. In diese Formel passt auch das Problem eurer und unserer Banken.
Attention, dear US citizens. Be careful that another US 9/11 doesn’t come your way. Because war is the only solution to the antagonistic contradiction in the banks for this system. and the war against the people of Gaza and Ukraine proves that this is the only way capital tries to solve its problems. But they are insoluble. I have a formula. Capitalism is: war-reconstruction-crisis-war. The problem of your and our banks also fits into this formula.
Stimmt ! Yep, such is as it could very well go….war as a solution to massive mismanagment.
“Gold is money. Silver is money. Everything else is credit”.
J.P. Morgan before Congress in 1812.
Gold and silver are the only acceptable money noted in our Constitution.
Big changes are coming soon.
Yup.
great, but what do ya do when spouse doesnt believe all this hype? doesnt want to invest in precious metals cause “ya cant eat them”, disparages me when I buy extra food when I can for prep, or get prep supplies, and so on. I was raised that way, always be as prepared as possible!! it was inbred to us kids in the 60s. spouse thinks I’m nuts for thinking/planning/preparing ahead, he doesnt believe we are on the brink…is he right and I’m wrong? who knows, but I cant help myself….
gingin
You are going up against the brick wall. Been there done that but learned a long time ago one must go around that wall to accomplish what they need to do.
Hubby was retired from his time in service. When I started shopping at the commissaries, a long way to drive from our home at that time. I finally had him realize we would be shopping only one time per month. In order to do that shopping, a list of items required were jotted down. It slowly introduced him to having items on hand and not having to run to the local markets for everything we would need during a specific time.
It worked. He grew up city and I grew up country, it took a while for him to understand not having to go to the store every other day for a few items.
It takes time for their brains to grasp this new concept for them.
well, let him eat his own prep supply when shtf….if you are together and one of the two does not believe in the other or supports the other…nuff said.
Bowman
I concur with your concept on the metals regarding this country. The parties who have neither of said items set those back, will be those who are hurt the most I am afraid.
Lived long enough to see what is coming at us like a freight train. Never thought that day would come. Figured the population of this nation would have learned from histories past but alas that is not so.
Those who have you never heard the story about the man who took a wheel barrel of Duetsche marks to purchase a loaf of bread. Suggest everyone look into history of Germany before, during and after the war. You will learn a lot at what could possibly be coming to our nation.
US $ is an ‘investment’ in America debt. It has NO intrinsic value, it’s a debt investment.
I really don’t think people understand, “ this is failure by design”. When the banks failed and my wife and I were losing our house, the bank said they would help, this was when the housing market went south a few years ago. The so called government told the banks to help, after wiping our savings out, the bank reached out and said there was nothing they could do. Now we see people losing their savings completely and customers are getting the savings wiped and no recourse to solve the issues. Seems like another attack on average people and yet we never hear about rich people losing their money. Instead we get fluff about someone getting new shoes or some other fluff. I switched over to a credit union as I have had better luck due to they do not overextend themselves and are more prone to take care of their customers. Example, Chase allowed fraud and when I questioned the transactions I was informed that it was because I had done business with this company and even though I said I cancelled the request, it was being done for months. See folks, the banks do not care, they overextend their investments, and when that happens, who do you think is going to pay for their stupidity? Again, failure by design!
It’s not failure by design it’s fraud by design. Look deep into the history of the US economy and everything financial that happened leading up to the Great Depression and then the war. It was all planned that way by the. Bakers and the same playbook has been used repeatedly in every successful nation. This is just GD 2.0 for the US but this time it will usher in the NWO.
*bankers
You say tomatoe, I say tomato. No matter how you say it, it’s rinse and repeat. Results are the same.
I agree wholeheartedly 100% with you on this, Daisy. It is imperative that we turn to tangible assets, like land, precious metals, prep items to barter as well as to have on hand. I buy my precious metals from ITM trading, started doing this year before last after extensive research on them, every 6 months or so. Just pulled 5 of my Roth iras, 401ks over last 4 years,(yes, i got penalized heavily, but its my money and I’ll be damed if i let these f@$ckers take my money) and paid off credit cards, put more on principal on my mortgage. Bought some more land adjacent to my property a few years ago and paid cash for it, in case I lose house and have to move next door. Some of my savings I messed off and went traveling with family to see great sights, have fun and make memories before it all goes to shit. I’ve got a small savings now in a money market in a credit union which I’m pulling half to give to my church and to a friend that escaped communist China to Texas, to try to get his family out. The dollar is worthless, n we’re getting ready to experience a bunch of folks that are NOT watching signs of the times and NOT preparing n gonna want our stuff, hence me also purchasing items to help with these “useless eaters” as Claus schwab so “eloquently” called us “peasants “. I do have stuff to assist our elderly and families in my community and got some other folks on board with this last year in our community. Also got a greenhouse from Quictent last year I believe. Best investment I ever made. Worst investment I made was a blowup boat. 😂
Super post.
Edit: but I love my Saturn K-boats! Use them in Alaska with a Tohatsu 9.8 They have saved my bacon before.
I seem to recall Janet Yellen stating before Congress there would be no bail out or in with taxpayer money of Silicon Valley Bank.
Less than a week later, that is exactly what happened.
They just spun it in a way with economic babble the average American would not understand while economists pointed it out, rolled their eyes or went along with it as they had a vested interest in it.
Kinda like how the SEC halted all short selling of certain stocks during the 08′ financial crisis or the more recent GameStop short selling when certain millionaires and billionaires stood to lose a lot of money.
Oddly enough, just yesterday the wife and I were talking about how we should buy more PMs.
The Fed cannot say that a bank is in trouble without destroying that bank. There are things like Weiss ratings to help you gauge which banks to stash your working capital in for now. Your longer-term investments should be in things that hold value as mentioned in Daisy’s preamble, especially food, and neighbor-friends.
Take into account the efforts to destroy food supply. Big Big idiots (guv, BigAg, etc) are killing whole farmfuls of chickens, dairy, etc. over those fraudulent PCR “tests” suggesting one beast is infected. That is NOT what sane people do. You physically clean, sanitize (from latin, sanus, health) their cages/pens, you isolate actually sick creatures until they get better, and you let a disease go through a herd or flock, so that you have SURVIVORS. The survivors are resistant, and the problem goes away.
That anybody is even suggesting killing whole flocks, etc. is an indication of how very artificial our nation’s food supply is. Most of us have almost no CLUE where our food comes from. Those who know the least are in a big panic to force others to do whatever crazy notions have been thunk up to handle a situation.
“If you have savings, it’s time to make it tangible. Honestly, it’s past time. What you invest in gold, silver, land, food, and other preps is yours, and the FDIC can’t touch it to bail-in any banks. If they’re going to keep secrets like this, not letting us know if our money and investments and retirement funds are safe, then we have to be proactive. You can’t just stuff your mattress full of cash. You need to put your money into things that hold its value because if these banks collapse and more countries join BRICS, your dollars won’t hold their value.”
I think that piece of advice is the best you’re gonne get, except for educating yourself , the knowledge in your head is better than a pile of gold, provided you use it with care.
I love this site, and i read the comments with pleasure, learning moments at every article…..
Okay, serious question. Everyone suggests buying gold, silver, land, and food to prepare for hard times. I get the land and food part, because you can eat food and grow more on the land, not to mention shelter in place. The question is about the other two. Of course ITM and everyone else who sells precious metals wants people to BUY precious metals. DUH! But how can I later turn a stack of gold or silver coins into something I can actually use? (Eat, wear, run my generator, shoot, etc.) Barter, right?
So after SHTF, with silver sitting at $100/ounce, I find a farmer who’s willing to trade an ounce of silver for a dozen eggs, which means I’m paying $100 for a dozen eggs. But no, I actually bought the coin for $25 several years back, so I’m really paying $25 for a dozen eggs — the same dozen eggs I can buy for a buck and a half today, when I am buying silver at $25/ounce.
The problem I see with the “buy gold and silver” folks is the reciprocal transaction at the far end. Turning dollars into precious metal is easy, but will gold sellers like ITM be clamoring to BUY these coins and bars at 5 or 10 times the dollars they sold it for a couple of years earlier? I doubt it. So please identify the market maker that will turn precious metals into a useful currency after gold hits $10,000/ounce.
“So please identify the market maker that will turn precious metals into a useful currency after gold hits $10,000/ounce.”
Voltaire famously said, ‘Fiat currency always eventually returns to its intrinsic value–zero. So, for me, the market marker is when common currency notes are pegged to pm’s. I may very well be waiting a long time for that, but what pittance of pm’s I own will not lose value to zero like paper fiat. Gold, silver, platinum, palladium, copper, et al require energy and expense for extraction and refinement, ergo they have value. Fiat is created from nothing and it’s value is (as of last night @midnite) no longer pegged to a single thing.
So, for me, it’s a long term investment and a hedge against inflation of the fiat currency scam. I value my labor, so I put my labor into something of value.
Yes, Jim, I get the argument that PM is a long-term store of value vs. fiat, which has no intrinsic value, will eventually be worthless, etc. Lofty idealism, to be sure, but let’s get back to the real world of 2024 to say, 2030. While fiat is slip-slidin’ away a little more each day, I currently use it to buy things I need. Not in some far-off “eventually,” but today, next month, and next year.
Almost nobody* in my town accepts gold and silver for payment. Are there grocery stores and gas stations in your area with “Gold and Silver Accepted Here” signs? No? In theory, PMs require energy and expense to extract and refine, ergo they have value. But that value is determined by the guy with a dozen eggs to sell. If he’s not into Voltaire’s philosophical musings on fiat money, then if we want to buy his dozen eggs, we have to offer the seller something that has value TO HIM. What he WILL take in exchange is worthless fiat.
So I come back to my original question, when SHTF, who will buy my gold and give me the then-current spot price of $10,000 in worthless fiat so I can buy stuff? Will all the “gold traders” competing to SELL me bullion today be like they guy with the dozen eggs when it comes to SPENDING that bullion?
*One local coffee shop accepts silver coins at spot + 10%. First of a kind.
Randy, it sounds backwards, I know, but you decide the value of your commodity, be it pm’s or something different to be used value for value. PM’s are divisible, you know. You can own silver shot and come to a bargain on your eggs that is agreeable to both you and your egg guy. It’s up to you to build your circles of trade early so you can identify business that will bargain for it.
If you are looking for signs that say “Hey! We’ll sell gas and groceries for gold!” You’re going to be out of food and fuel regardless of coinage type. I’ve already secured a circle of critical trade businesses that I will need that will trade. Maybe start asking around?
If gold is @10K/oz finding your buyer in fiat should be the least of your concerns because hyperinflated dollars at that rate are not worth that trade. So, far as your original question, if you can’t understand what I was trying to politely say, I think Daisy gave an excellent response to you earlier.
I’m stuck on your same thought.
Hi, Randy! I wrote more about it in this article: https://www.theorganicprepper.com/financial-preparedness/
Basically, precious metals are what you hold so that after the collapse, when things are recovering, you have the same or greater value in savings as you did before it happened. At that time, you’ll be able to hang on to it further, barter it, or trade it in for whatever the currency is at that time.
An example is The Reconstruction after the Civil War. Many plantation owners lost their property because they had only worthless confederate dollars and could not pay their taxes with it. Those who had gold and silver were able to use this as currency and pay their taxes and for other supplies.
Thanks for the note and link, Daisy. If I’m reading correctly, PMs are not for use DURING a crisis, but rather afterward. So like the plantation owners, I should have a stash of “Confederate currency” to use as long as the “Confederacy” exists, then redeem my gold and silver after the old order bites the dust. That makes sense.
I have studied Neil Howe’s “The Fourth Turning is Here.” The author, who has studied cycles of human history back to Biblical times, believes the world will experience a major crisis (a World War-type crisis) that will start sometime between 2025 and 2030 (i.e., during the next President’s administration) and conclude around 2032 to 2034. So ideally, everyone should stockpile enough “Confederate fiat” to get through the mid-2030s, then redeem our hidden stacks of PMs after that.
The problem, in my particular case, is that I doubt I’ll be around in the mid-2030s. As a guy in my mid-70s with some medical issues, I’m betting another decade isn’t in the cards for me, especially if it’s a decade of extreme crisis. So storing PMs for a decade doesn’t make much sense. But you did answer my question and point out that I was looking at the redemption conundrum incorrectly. Thank you.
like you we’re in our 70s and when the shtf we probably wont last thru it either….so do we spend our dollars now for things to get us thru and beyond the shtf, or enjoy now as we can? if we go to war on our homeland, there will be a lot of us “evaportated”….lol, so we have some preps put away, but as for the precious metals, my spouse doesnt believe in it, says we cant eat it, wear it, and so on. guess all we can do is prepare for the worst, pray for the best. but for sure we’ll be lucky and blessed if any of us see 2030 at rate things are going….really stupid, ignorant people in office nowdays…..oh well….God bless all….
point is value is gone…what you have is something to trade with someone who has too much of something and you need it. Brass with lead and powder is more valuble than gold, but the bullet you trade might end up in your own body so it is better to trade silver….
An old rule of the value of gold is that, with an ounce you can buy a nice suit and dinner at a fancy restaurant. True in Rome, true today.
Over the 51 years of our marriage, we’ve made a lot of bad money decisions. The good decisions are fewer, but notable because they were counter-intuitive to conventional money advice. One was buying our trailer house in the first place. My husband had gone to college on the G.I. bill, which ran out before he graduated. My dad gave us the down payment. We’ve moved it 5 times and are still living in it. It was paid off a long time ago. Another good decision was not buying a site built house after he graduated because during the 80s and early 90s, he was laid off 5 times from the tech industry. We would’ve lost a house, but could hang on to the trailer. Another good decision was taking a loan out on his 401K to buy a new car. A small Chevy. That was one of the best car experiences we’ve ever had. All the other years we’ve driven beaters, and are back to doing that now.
The last best decision we made was upon his retirement, we cashed in his 401K and paid off our land. We own it – and the trailer that sits on it – free and clear. No kind of shtf will change that. Taxes aren’t an issue because my husband is a disabled veteran. Texas is very pro-veteran.
We lived in trailer parks for many, many years, and nothing financially compares to owning your own land. I wouldn’t live in the fanciest house in town that comes with a mortgage.
The US government is broke. They don’t want you to know that. The banking system (Banksters) is almost as broke. They don’t want you to know it. When you put YOUR money in the bank, it becomes THEIRS, not yours. The elites are cashing out (JP Morgan Chase Jaime Dimon, et.al.) and plan to flee the country by July 15. They know what’s coming – WAR. And probably nuclear at that. Money will be vaporized, as many people will be. You’d better get food, water, guns, gold/silver, tools, and meds/vitamins, because cash won’t do you any good soon. Today, Saudi Arabia just killed the PetroDollar. Oil can now be bought and sold in ANY currency. The Great Dollar Ditch is occurring NOW!
You hit it on the head! All of those dollars are coming back.
In 2008 the FED had the choice of either saving the Dollar or saving the Economy, but the couldn’t save both. It’s no surprise that they painted themselves in such a corner that both the Dollar AND the Economy must fail. The trouble with anything other than precious metals is that any governmental authority can tax individuals out of ownership. We don’t really “own” real estate as long as government can seize it for back taxes. The beauty of precious metals is that they are portable and untraceable, but that is also their inherent risk. They do however preserve purchasing power. In 1920 twenty ounces of gold would buy a new car, the same holds true today.
Taxes? What government will seize it back, when it no longer exists?
We will lose any war we enter.
There’s always someone in charge after a collapse, even if it was an enemy government. Trust me. At some point, there will be taxes. You’ll want something of value to pay them.
Wyoming will accept gold and silver for any government debt (taxes, etc.)
Loved seeing this article referenced and hotlinked on Michael Snyder’s site.😉👍🏻
Ooooh how cool! You just made my day 🙂
It seems quite reasonable to cash out and hold precious metals, but then how does one pay bills with precious metals?
Eventually you would sell them as needed for whatever currency has evolved.
PM’s are for big ticket purchases like land. Good for stocking away, but groceries etc. are day to day expenses. Right now cash is still king; if we ever slide into total barter economy get some chickens, liquor, ammo etc for trade.
Having lived through the devastation of Hurricane Ian, I use that event as the real world scenario of when everything crashes.
No internet, no cell, no electricity, no AC, no communication.What matters is food, water & shelter. Forget gold & silver. I wouldn’t trade gold or silver for any of my precious resources…and neither would anyone else.
Who would trade the food /water they need to survive on for metal? Not only that, the government can come along and outlaw possession or use of these metals as a form of currency.
I learned first hand what really matters….food, water & shelter. Plus, have good reliable friends who have your back.
Junk Silver and pre-1933 Gold and Silver coins are legal currency.
Any type of market would gladly accept them for payment.
I suspect that the 63 “troubled” banks mentioned by the FDIC, might be those that hold the largest amount of derivatives? And i agree that credit unions are much safer then most banks. https://www.ibanknet.com/scripts/callreports/filist.aspx?type=derivatives
“These banks are in trouble because of unrealized losses on securities ballooned from $39 billion to $517 billion.”
This is the main premise of the article, the drastic increase in one three-month period for this statistic. However, if you click on the link for the FDIC annual report from the article, you can see that the FDIC wording of this statistic is quite a bit different:
“Unrealized losses on available-for-sale and held-to-maturity securities increased by $39 billion to $517 billion in the first quarter.”
The difference between increasing “from $39 billion” and “by $39 billion” is huge in the claims the article is making. Granted, neither is a good thing, however this has been presented on this blog in an inaccurate way and should be edited by the author.
Another quote from the FDIC summary:
“The number of problem banks represented 1.4 percent of total banks, which was within the normal range for non-crisis periods of one to two percent of all banks.”
So the 63 problem banks only represent 1.4 percent of total banks. Again, not good, but I think it helps to keep things in perspective when we’re talking about statistics like these.
I am all for preparedness, and have plenty of my own preps in place, so I appreciate reading articles to alert me to potential things to be aware of in our country regarding its stability. I just appreciate a transparent approach, which I don’t think this article did very well.
Thank you for that catch – I did miss it and apologize for the mistake. It’s been corrected.
You can look up the health of any bank or savings and loan in the US using Weiss Bank Ratings https://weissratings.com/en/products/bank-ratings
If a bank has a grade below a C, you should be worried. The problem is that the FDIC places the burden of the weak banks on the strong banks each time they have to bail one out. Eventually, only the A to A+ rated banks will be stable. ‘Secure’ will always be a question.
I once watched an interview where a commodities broker said, “the time is coming where, if you can’t stand in front of it and defend it with an AR, it won’t be worth having”. This will be especially true after ‘The Great Taking’. Good luck and God speed to all!