Author of Be Ready for Anything and Bloom Where You’re Planted online course
Things are rough in the US economy, and the FDIC seems to be making plans to handle further collapse. How? By helping themselves to YOUR money that you have on deposit, safely (you thought) tucked away in your bank account.
If I’m right, a lot of people are going to be financially devastated in the not-so-distant future.
Think I’m a crazy conspiracy theorist? Well, as we’ve seen, that often means you’re just ahead of the game. There are several reasons that I believe it may come to this, not the least of which is that there’s a publicly accessible video of their meeting in which they discuss how to do it, when to do it, and how to keep the public from freaking out about it. The time to come up with a strategy to protect your money is now, and it couldn’t be more urgent.
Let’s take a closer look.
What’s the FDIC?
FDIC stands for Federal Deposit Insurance Corporation. From their website, we find what that means:
The Federal Deposit Insurance Corporation (FDIC) is an independent agency created by Congress to maintain stability and public confidence in the nation’s financial system. To accomplish this mission, the FDIC insures deposits; examines and supervises financial institutions for safety, soundness, and consumer protection; makes large and complex financial institutions resolvable; and manages receiverships.
They go on to say:
Since its creation in 1933, the FDIC has been an essential part of the American financial system. In the 1920s and early 1930s, a rise in bank failures created a national crisis, wiping out many Americans’ savings. Since FDIC insurance began in 1934, no depositor has lost a single penny of insured funds due to bank failure.
Sounds great, right? It is when it works properly.
Depositors do not need to apply for FDIC insurance. Coverage is automatic whenever a deposit account is opened at an FDIC-insured bank or financial institution. If you are interested in FDIC deposit insurance coverage, simply make sure you are placing your funds in a deposit product at the bank.
The standard insurance amount is $250,000 per depositor, per insured bank, for each account ownership category.
The FDIC provides separate coverage for deposits held in different account ownership categories. Depositors may qualify for coverage over $250,000 if they have funds in different ownership categories and all FDIC requirements are met.
All deposits that an accountholder has in the same ownership category at the same bank are added together and insured up to the standard insurance amount.
If the bank fails, FDIC covers the balance of a depositor’s account up to the insurance limit.
So we know how it’s supposed to work, and how it’s worked up until now.
Our wealth and risk are dangerously concentrated.
Quick history: Back in the early 90s, there were 37 major banks in the US. That number is now down to four:
- Citigroup
- JP Morgan
- Bank of America
- Wells Fargo
This concentrates the wealth, and it also concentrates the risk. If one of the Big Four goes down, we all go down with it.
And all of this risk? It’s being done with YOUR money. And it’s all legal. Remember 2008? Nobody went to jail for that catastrophe that literally ruined the lives of tens of thousands of hardworking people. Those in charge, the ones who chose the risks to take, laughed all the way to their tax shelters in the Cayman Islands. And nobody will be held to account this time, either.
Why?
Because what they’re doing is legal. It was all legalized by our Congress. You know, the folks who are supposed to represent our best interests.
Incidentally, this isn’t just an American issue. It’s global, too.
Only half the money on deposit is insured by the FDIC.
But why should we worry? Our money is insured, right?
Well, some of it.
According to the FDICs own numbers:
- 4,780 banks and savings and loans business are FDIC-insured
- The insured institutions have 23.8 trillion in assets.
- $18.1 trillion of those assets are deposits.
- $9.9 of that 18.1 is FDIC-insured.
- $8.2 trillion is not insured.
The rest of it falls above that $250,000 threshold for the insurance. Trillions of dollars of customer deposits are uninsured, and what’s more, the insurance fund itself is sorely lacking.
All that money is available for a bail-in.
Simply put, that means the money could be used for a bank bail-in if things go sideways.
If you think I’m crazy, you don’t have to go very far back in history to see exactly that happening. Greece came within days in 2015 of having all accounts with €8,000 Euro or more “trimmed” by 30%, euphemistically calling it a “haircut.” The Bank of Portugal funded bail-ins of “senior bondholders” with deposit accounts in 2016. And nearly everyone who has been watching the economy for long looked on in horror when Cyprus raided all accounts overnight to fund a bail-in in 2012, proving that governments could and would help themselves to the money of the people. Depositors with over €100,000 Euros faced a 9.9% “one-time tax,” and smaller accounts were hit with a “tax” of 6.75%.
Then there’s the problem of a reduced reserve.
There’s something called a DIF (Deposit Insurance Fund) that’s used to insure your balance. So remember how we have $9.9 trillion of insured funds? Well, the DIF only has $124.458 billion as per the FDIC report linked above.
I’m not the world’s mathiest person but it didn’t take any extravagant calculations to discover that is 0.0126 cents for every dollar that is allegedly “insured.” Only 1.26% of the money that is “insured” actually has existing liquid money available to pay you back.
So what happens when everything goes sideways at once? Will you be able to rely on that FDIC coverage? I can’t see how you could. As long as everything runs along smoothly, you’ll be fine. But if a lot of stuff goes bad at once?
We’re screwed.
You are not as protected as the banks want you to think you are. Even Investopedia admits that you will not be covered if you have in excess of 250K in the bank.
In a bail-in scenario, financial institutions would only use the amount of deposits that are in excess of a customer’s 250,000 balance.
But in reality, once the FDIC is out of money, how will you be covered at all?
FDIC bankers are openly talking about a bail-in.
In a three-and-a-half-hour “fireside chat,” FDIC bankers openly discussed the potential of a bail-in. They talk about the “strategic options” open to the FDIC, making moves over the weekend, and also mention the 40 million accounts they have to dip from “at the time of resolution.” (Please see the numbers above regarding how much insurance money is available to cover that amount. Spoiler. Not enough. Not even close.)
Go to 1:46:33 to hear about these “challenges.”
They talked about keeping it from everyone who does not have a “professional need to know.” And to an extent, I get it. A bank run would certainly hasten the collapse, and everyone’s just trying to kick that can. But, I certainly want to be able to protect my money, and if they wanted to keep this hush-hush, I’m not sure why they made their conversation public. Did they just think that the American public was too busy watching TikTok videos to notice?
You can see the part I’m talking about in the video below. It’s chilling how calmly these people discuss the imminent danger and how to keep people from wigging out about it.
This is not me saying that the bankers are coming for your money.
This is the bankers saying it.
Now, it’s possible that this contingency plan will not be enacted. We may get within days of it like they did in Greece. But the fact that strategies are being put into place to do so should be a giant, clanging warning bell right in your ear.
What can you do?
I have said this again and again: it’s time to start looking at options other than a savings account or retirement fund. This is not just something that people with more than $250K need to acknowledge. There’s not enough insurance money to cover any of us. ONLY 1.26% OF THAT MONEY EXISTS IN A FUND.
So, what can you do?
Precious metals. I’m not a wealthy person. I sure don’t have anywhere near that quarter mil in the bank. But I’ve diversified what I do have. I use gold and silver for the bulk of my savings. I can liquidate it quickly if I need to. I hold it in physical form, and it’s portable. Best of all, I don’t have to sit here and hope that the bank leaves it alone. Hope is not a viable financial strategy.
I’m not suggesting you stuff your money in your mattress. But you really need to consider other options besides putting it in a savings account and hoping for the best. I recommend a company called ITM Trading. What I like about them is that they focus on education, not sales. They’re not pushy at all and will work with you to create the best plan for your needs. You can schedule a free strategy call here or call them directly at 866-517-1257. If you want to learn more about what they offer, go here.
You may not walk away with gold and silver in hand after that call, but you will be armed with knowledge that is specific to your situation. I urge you to make this call. You owe it to yourself to learn everything you can, as soon as you can. We’re facing difficult times ahead, so why not do this free thing to make yourself better prepared?
Do you think there’s going to be an American bail-in?
Unless something drastic happens to turn things around (and I can’t imagine what that would be), I think we’re going to see a bail-in. It just seems more and more likely, and a lot of people will lose a lot of money. It won’t be the super-rich – they’re protected. It’ll be average folks like us.
And there won’t be a single thing you can do about it once your money has left your account.
Personally, I keep only enough in the bank to cover my bills for the month. Anything additional gets switched to cash and metals. I simply don’t trust the banks to protect my money.
And after seeing the videos in this article, do you?
What are your thoughts? Do you think there will be a bail-in? Are you concerned that your money is at risk? What is your plan to circumvent the potential loss? Is there any way you can think of that the economy could turn around before it gets to that?
Let’s talk about it in the comments.
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.
This is the only warning we will get and it was indeed leaked, however, it was already surmised long ago. Now verified fact. Be careful out there, the wolves are closing in.
Worse than the fact that banks are gamblers and exploiters, is the fact that the Global Elite are planning to crash the entire financial system, cancel all THEIR debts, and start anew with the Global Digital Currency… Controlled by and benefiting THEM.
Now if I can get my husband on board. We haven’t gotten into the precious metals (I lose that discussion) but I’d like to add to cash stash. We’re in trouble if the retirement funds get bled dry though.
I can’t seem to convince hubby or our financial advisor to pay off the small balance on the house. Not sure what else one can do when the other doesn’t see the problem.
Great article as always Daisy, you keep us informed!
I agree with your concerns, it is my wife that doesn’t see the storm that i see.
JERRY, I see it, but you’re not married to or living with me lol…You and the wifey need to be, have to be on the same page, seeing out of the same glasses. Otherwise you have a problem. But the man is supposed to be the head of the house, and after all has been discussed and said and done, it’s then YOUR FINAL DECISION. She should know that. YOU are the boss and NOT her. According to scripture and otherwise. The LORD made ADAM first and NOT EVE! Maybe you need to have a nice sweet little discussion with your wife. GOOD LUCK with that!!!
You are right of course in submission. Always follow God first. I will say though, Pr 31 talks about the wife managing her share of the household. I buy silver Canadian maple leaf coins from SD Bullion. It can be from your household money like Pr 31 buying a field. It does not have to effect household safety and isn’t different than buying extra toilet paper. 1 ounce coins are about 28 dollars so a couple trims in another area can save 100 bucks to get some. Every little bit helps. As always pray.
Why is he against paying off your house? Tell him it provides you with peace of mind. There is no way that you make enough to justify using the paid interest as a tax positive. (Cant remember the word I wanted here.)
Buy gold/silver anyways. Use your money to do it.
Thats what I do. I keep taking portion of what would have gone into a 401k and buying metals with it. So it doesn’t affect the budget. And even most money managers will tell you to hold 10% in precious metals. I believe in more than that, and in hand not some fund where you never see anything. Good luck.
Silly question… Where do we actually buy gold and silver? I see advertisements but am leery of what may be businesses.
I have a link in the article to the place I buy PMs from.
Any recommendations on how to best store cash and precious metals at home?
This sounds like a great article topic! Let me do some research.
Your local coin store will offer bullion coins and bars in addition to numismatic coins. To me, that is my financial institution. I can trade paper for REAL money.
Same as Jane, I’ve also purchased from SD Bullion for over a decade. (No commercial ties – to anyone!). At the moment, your Purchase Price will be about 10 bucks over SPOT Price because of market conditions.
Due diligence is called for. Some States require up to an 8% Gross Receipts tax on Precious Metal transactions, so you might have to go online or out of State. Likewise, my “local” dealers are mostly pawn shops, and they mark up prices at least 100%, sometimes more. SD Bullion and American Precious Metals Exchange (APMEX) have a long history of being reputable, which is extremely important in the industry! AMPEX lost their taste for small & first time buyers during the COVID drama, so I favor SD Bullion now.
https://sdbullion.com/1-oz-american-silver-eagle-coins-random-year
https://finviz.com/futures.ashx
Daisy’s recommendation about getting advice is a good idea, especially if you are new to the precious metals world.
I’ve been using APMEX after checking online for best precious metal providers! Do due diligence!
They’re one of the more competitive w/ pricing as well as fast free Priority mail delivery (<$199) usually few days!
Another is SD Bullion, but is slower on free delivery & sit on payment for a week even though payment has cleared.
I’ve placed several orders w/ both and $$ cost average to build a safe alternative if cash becomes obsolete w/ coming CBDC. Price of Gold & Silver won’t be low for long as the FED & fiat currency implodes under massive debt! My 2c
Our fin advisor was against us taking $ out of our 401k and paying off our property. We did it anyway. Our peace of mind is off the charts right now.
No one thinks they will get “old” and retirement seems an eternity before it happens, then suddenly it does, some are glad. Then what will your income be? SS can’t meet all expenses. US T bills now can be bought below par, then 6 months or a year later mature, then take the interest, get more bonds bought at less than value reinvest. They are paying 5% now. Only ones living on SS retirement only are in subsidized housing. Muni bonds are tax free.
If necessary, buy very simple gold chains and plain wedding bands.
They can be used for barter or Heaven forbid, bribing officials. It was used by many Jewish people trying to escape the Nazis.
Yes, it is more costly than buying gold bars, but it is something, and you can tell hubby that you are simply buying jewelry.
That is the best advice. I’d be leery of coins or those bullion bars in little plastic cases they sell. If it is true that the .gov and other conspirators are going to crash things, does anyone think they will get to keep their “gold hoard,” language used in FDR’s Executive order 6102. Jewelry was exempted. I’m sure the Treasury Dept. will have no qualms arranging a confiscation order under the right (concocted) circumstances. A collection order will be enforced by a bunch of sting operations, I’m sure. The investigations will be aided by the Karens that will come out of the woodwork: the COVID test lockdowns should have been educational, if nothing else.
Try watching white boards by George Gammon. He has a start here feature on his channel. Understanding how the system works helps to see what you need to do.
This greatly concerns me. I see how they treat us as whole, stupidly runs rampant.
I am doing the best I can to hedge around it with precious metals. I suggest you do too.
100%. Same here, using gold to protect our long-term savings and getting silver for bartering.
So, zero out the debt on our backs, give sweetheart conversion rates to foriegn bond holders and pay it all in digital. Those same mobs they ripped off should hunt them down and string them up, on fire. No wonder they have hideyholes in NZ.
On a radio show late last week, a member of a senator’s staff was told they were going to move to “the hotel” on Sunday (yesterday by now), and he/she were to tell his/her family that she would be gone for work for a period of time. And later I’d read that the “Eye of Sauron/Soros” had disappeared on the way to a speaking engagement in Geneva, within hours of its scheduled start. I’m thinking the hideyholes are filling up. There has also been some chatter about Wednesday; lots of special bank meetings, late openings, and computer stuff scheduled that day.
Could be nothing. I hope.
Either they’ll try and print their way out of this, causing more inflation, or they’ll let the whole system fail and finally get their digital currency so they can track and limit our spending. I already keep as little cash in the banks as possible cause I’ve never trusted it was really safe. Everyone at the top knows what’s coming, and the central banks are binging on gold to prepare.
BTW – thank you for sharing the info about ITM Trading. I had a great call with them and have another coming soon to discuss my gold strategy. I’d suggest anyone wondering how to protect their hard-earned money at least talk to them or start watching Lynette Zang on YouTube.
They need to provide a way for hearing impaired or the deaf b/c they don’t use a phone…OR provide a way to send an email. People who are deaf or are hearing impaired are very visual in lien of hearing they read everything…Not everyone is able to pick up a phone and make a phone call. I am not able to use a phone b/c of a severe impairment caused by the polio injection. I got it when I was 7 to go to school…Before that my body/my hearing was perfect. Polio does NOT go away and the hearing loss is progressive…CC is very good and emails or some way to connect besides calling 1-800 numbers or any other number for that matter. FOOD FOR THOUGHT!!!
Been watching her for a few years. She is terrific.
When the excrement hits the rapidly oscillating blades, how does one “quickly liquidate it (precious metals) if they have to?” You’re the seller of the gold/silver, how do you find a buyer? Who sets the conversion rates? Could it be that what’s left of society begins to associate “value” to the essentials needed to survive? For example, a pound of flour is equivalent to five 90% silver dimes, 1/50th of an ounce of gold or three 22LR rounds. Batering, with either precious metals, skills or “desirable” goods will become the norm. I wouldn’t be surprised at some point in the SHTF situation, food will trump any and all other things of what we previously perceived as being of value.
Let me first give a disclaimer – I’m not an expert and this is just my opinion.
Gold and silver *could* be used for transactions. But I think that they’re better suited to hold on to some savings. If you look historically, during hard times, some people have taken payments for goods in PMs and saved them until after the catastrophe. Once things were over, and recovery was occurring, they had something that had held value. This has happened in war zones and reconstruction zones for centuries. As well, if you start off holding metals, they may not do you a ton of good DURING a crisis, but what you’re trying to do is hang onto it until the crisis is over.
PMs also work for bribes and that could save your life in a bad situation.
What will happen if the SHTF and it’s NOT going to be over?????NUCLEAR WAR for instance, or AN EMP as another example. Then what? Digging deeper is sometimes needed…
I actually know a woman whose parents bribed N Vietnam officials so their family could leave S Vietnam after the fall. Scary story
Agreed – if/when SHTF batering will become the norm. I’m just making sure I’m in a position to protect my wealth against a collapse of the system or reset with gold and also have a good mix of silver, bullets, food, and water to cover my basis for trading and my family.
FOOD, WATER, basics YES. Gold/Silver good but we will NOT be able to eat it if worse comes to worse. The food and the water will always be our #1 necessity…Am I mistaken? Did I somehow miss the boat. Bartering is all well and good if you can…Be sure you have ammo and your gun just in case. Hummmm….scary times indeed…
Sure, the FED could do a bail in if it was suicidal…why risk public insurrection when our elected officials will just bail them out with no strings attached. Fear porn.
Five years ago most folks would have scoffed at going along with mandatory vaccinations in order to hold a job, lock downs, complacently witnessing small businesses being shut down while big businesses were permitted to remain open, very serious medical side effects to a vaccine being covered up, etc.
The unthinkable can happen and it is wise to watch trends and prepare for the possible outcomes.
Also, what if part of the Globalists’ plan was not merely confiscating our wealth, but also increasing control over the average citizen?
Perhaps only those on a list of government approved persons will be repaid?
Perhaps those who do not comply with government control measures will never be repaid?
Perhaps the government will only repay using CBDCs?
Daisy ~
I have switched all my direct deposits (SS & Union Pension) from Chase to a local Credit Union after eliminating Chase as my preferred source of payment for credit cards, utilities, etc. Even with that safeguard, I only leave enough money in my credit union for my monthly payments and living expenses. With the balance I buy 1 oz. silver coins. This long term plan is not prompted by any hope of a potential increase in silver prices but as a store of value and hedge against inflation, although if/when the SHTF silver prices could easily increase in value. As a retiree with limited fixed income is this formula a sound one?
It sure makes sense to me, however, I must stress that I am NOT a financial expert. I would suggest you consider setting up a free call with ITM trading to discuss your strategy. I’ve been very impressed with the information they’ve given me. The phone number and scheduling tool is at the end of the article
Daisy: Can’t call. Hearing impaired. Can email, can text on ph. Can do Google Chat but NO phone calls. Any suggestions? Thanks…
See my links above to purchase 1 Oz Silver Eagles from places like SD Bullion. No phone required, and I’ve never placed anything but online orders.
If you message them on the call set-up calendar and let them know this, someone will reach out to you by email and provide you with an alternate way to reach them.
This is why they are pushing central bank digital currency, CBDC, with the swipe of a keystroke, remove whatever percentage of your balance to ‘save the bank’. ( and to control how you spend your money as they see fit of course ). All deposits are considered a loan to the bank and you are suddenly a ‘creditor’. You now are in a long line wanting your money returned but many have first dibs on what is available. It’s a big club and you ain’t in it. Look at MF Global, Corzine stole money from private accounts, invested it recklessly, and then the government gave him the blessing to short customers accounts. Keep some assets out of the system be it cash, metals, ammunition, collectables whatever assets that hold value to be used in exchange for desired goods and services.
Just a few years back (I think about four) a UK-based business (that backs a mastercard with gold bullion deposits in a Swiss vault) opened up its service to the USA with an announcement at the International Boat Show in Ft. Lauderdale, Florida. The advantage of their service gives the user to ability to both archive their wealth via however much gold bullion they choose to purchase OR spend smaller amounts for whatever purposes a credit card could normally facilitate. They do have a chat feature on their website so one could ask them how they propose to deal with the coming onslaught of digital globalist CBDC track-and-control-you “money”.
Their website is
https://glintpay.com/
–Lewis
Something I am considering for a long term investment is a truck with a diesel engine.
PJM Interconnection, a regional power transmission company, recently reported possible energy shortages from too many coal and gas fired electric energy plants being retired without enough new production plants coming on line to replace them.
Solar and wind does not have enough reliable production capacity to fill the gap. It has also been noted the transmission infrastructure is not there to connect to the grid. Also of note, the current grid is woefully inadequate and in dire need of not only regular maintenance, but upgrading.
Don’t over look just buying a Propane Generator, or several of them. You can easily store 10 years worth of Propane on your property – with a bit of planning and budgeting. Might be more cost effective that a Truck. Unless you need the truck to bugout somewhere.
Thanks, Daisy, buying more gold and silver now.
Most retirees I know have CD’s in a local bank or credit union they need money to live off interest, also in gov. bonds, muni’s. Nothing else can give an income. If everything goes digital, gold and other metals can only be bought and sold among other collectors. Stores will only take digital like debit cards. 401k’s best be in US treasuries 100%. cashing a 401k will be a big tax hit.
I’ve devised and revised my stocks dividends portfolio (monthly+annual) and eliminated all munis and bonds. Brokerage account (can link to but separate from external checking account for transfer purposes) and has its own transaction debit/credit cards. Hunting down divi pay-out dates has become my full-time job.
While I mostly agree with the evidence presented in this post(like the YouTube) videos, I still think a bail-out is far more likely than a bail-in. Bail-outs are far less likely to stoke widespread public anger, unlike bail-ins; tens to hundreds of million people losing their deposits suddenly would trigger too big a backlash that the Deep State banking cabal would like, whereas bail-outs are more subtle, especially when sold to the public of rich taxpayers being made to bail out the poor and prevent the economy from collapsing blah blah blah.
While I do appreciate the discussions about executing bail-ins, per the videos above, it is one things to talk about bail-ins and almost another thing entirely to actually do and execute it when the time comes. Again, given the more subtle nature of it, I highly believe another bail-out is more likely than a bail-in.
I love your work Daisy, thanks for all you do and God bless you, and all the readers of The Organic Prepper.
Go a little deeper on your research, and you’ll find that a BAIL-IN has been the plan all along. Just like COVID was 18 years in the making, and involved 4,000 patents and $193 Billion to set it all up.
Bail-Ins were carefully crafted in the Dodd Frank Act in Dec 2010. (The end game COVID strategy was also crafted in 2010, the Rockefeller document about Technology Solutions)
The WEF has very boldly stated their plan for a Great Reset. Likewise, if you look at their Playbook and overall Agenda, they clearly spell it out in the “Order out of Chaos” mantra. Guess what creates the chaos?
You’ll also find a quote by TPTB that basically says: “We would never Impose Martial Law on US Citizens. Rather, we’ll make them Beg for it!”
My research shows the tipping point for financial distress is on/after March 23rd, and another even bigger one on Sept 15th. I strongly suspect that by this Summer, we’ll be experiencing multiple financial and economic and banking (etc) Shock Events to set the stage for bringing in the CBDC. That won’t or can’t happen as long as the US Dollar is viable.
Lots of good advice in these pages about managing your risk by owning precious metals, and other strategies to be fully prepared for an Orchestrated Collapse. It has been in the works for decades, and maybe even centuries.
Why diesel 1MJ? Looks like a good time to purchase significant capital goods, once the everything bubble pops. We’ve been planning for a vehicle replacement for my 20 y/o but still running suv. But will the used car market take a dump this summer as it looks like it should? Will my savings still be there when the prices come down or will the bankers steal it all? Will the tax collectors charge us full price for our (debased) homes after they’ve taken away our savings? Will Blackrock get our life’s work for pennies on the dollar? It’s almost enough to sour my normally sunny disposition, good thing it’s all theoretical at this point.
BarrensHomey,
I have a 2016 F150, gas engine. Only 41k miles on it.
Diesel engine, at 100k miles and it would be just breaking in. In theory, if I keep my mileage consistent as using past mileage performance and use, I could easily get 21 years to get to 120k miles. Keep up on up keep, get the under body spray protection, that truck could be the last vehicle I buy.
Looking at electric tractors, with the current technology, a 3-6 hour run time depending on load, and a 8 hour fast charge (that is fast??) or a over night (assuming 12 hours or more?), I just do not see diesel going away any time soon, or in the next 10 or more years. Not without some serious technological leap in battery technology. But I am not betting on what “might” happen.
And, China is still one of the biggest manufactures of li-ion batteries. Relations do not seem to good with them right now.
Also, I priced out a all electric F150 with the extended battery: $83k starting.
F250 diesel, tricked out with every thing I would want, $73k.
I’ve invested heavily into Lead, Copper and Brass (and a bit of Nickel). I couldn’t afford Silver or Gold.???? I’m not quite where I want to be stockpile wise, but I’m getting there little by little. Ammo prices in some calibers are close to PrePandemic prices now, if you know which sites to watch.
As I’m on Social Security Disability, I’m limited to $3,000 in a Savings Account by Federal Law. Any more than that, and they significantly reduce your monthly stipend.
We have much invested in lead also, some copper but we do well to spend money on canned goods, items for bartering and house hold essentials stored in the garage. We’re also on SS retirement and military pension and 401k. Money in gov. bonds some tax free. No stocks at our age or corp. bonds.
Most people are idiots and will do nothing to protect themselves. OP readers are way savvier, and I expect most have gold, silver and junk silver already.
The real goal of the arrogant elites is CBDCs–central bank digital currency which will tell them all YOUR business, what you spend money on, political leanings etc. Then they can abuse the crap out of you.
If they ever do a bail-in in the US, they will wake up millions and have a much harder time suckering us into CBDC. Either way, a prepper should keep minimal money in the bank, and most in food, clothing, toilet paper, gold and silver.
They might talk about bail-ins, and even “leak” some videos of the conversations, but I honestly think that they are a myth. Not that they can’t do it. Not that they wouldn’t like to do it. Just that in the real world it would be the quickest way to collapse the banking/financial system.
Think about it. If the major banks did a bail-in. Yep, they might solve their insolvency issue for a day, or a week, or even a month, but after they did it once you would see the largest bank run in history as EVERYBODY tried to pull what was left of their money out of the banks. There would be absolutely zero trust in any banking institution, or in the government. By doing a bail-in to keep the system from collapsing they would in fact be guaranteeing that it collapses. I see another bail-out by the government which makes all us taxpayers liable for the debt, rather than a bail-in.
Having said that, I do try to keep some PM’s, some cash, and a few other things outside the system for a rainy day – like most preppers on here.
Don’t fall on your sword over your paradigm. What you described is EXACTLY what they are going to do! Can you not see the brilliance in their plan? The ONLY way to get a CBDC installed is to destroy the dollar. What better way to do that than a bank run that collapses the system, creates cascading waves of chaos, and destroys faith in the banks and dollar. With CBDC, you don’t need or want banks any more. So it solves ALL of the roadblocks to getting the CBDC in play. And like the other Shocks to the system (COVID), it results in fear and more government control & authority.
Plain as day if you can let go of your belief system and just think critically. LoL – and observe the reality manifesting in front of you.
It’s worse than this. 1) once you put money into the bank, it is no longer your money. You become an unsecured creditor. 2) There is a pecking order of who gets FDIC money. The money goes first to holders of derivatives, in the quadrillions of dollars. The FDIC doesnt have quadrillions of dollars.
ALL you WOMEN who claim to be men,AND YOU QUEER LOSERS,take your children and DO AS THE DEVILS running america want,TAKE YOUR CHILDREN TO THE LOCAL POLICE STATION and let them have their way with your female children and young boys,ITS THE AMERICAN WAY NOW,don’t pay any attention to the HERO”S going to homeless camps and MURDERING THEM IN THEIR SLEEP ,Just do as they say ,YOU”LL MAKE GOOD SLAVES in russian and chinese slave labor camps after the hero’s of america have SOLD YOU TO THEM…OH ,and you know COWARDS can NEVER enter HEAVEN…
I have been bandying about an I idea for years about bail ins. The first step is to have a major credit line with your checking bank. Once you do – use it …. keep that balance higher than your actual checking funds.
I usually do this with cash withdraws and debit card use for big ticket items.
What this does is create what I call a positive bail in balance. If I owe $3500 in c credit and only maintain $2000 in checking then when they seize funds they will take the hit because they will never see one red cent of that outstanding debt.
Let me know if you like the idea.
Ric, how has this implementation affected your FICO score and debt:ratio calculations?
Doubt it – more likely since some do not understand the debit limit means the US pays what it has ALREADY spent, they’ll be severe cuts to non-essential services (and yes, the IRS will be considered essential). Social security and other income providing benefits will continue but payments for services will be severely slowed.
And remember, the Cayman’s don’t protect scofflaws like it used to.
“And all of this risk? It’s being done with YOUR money. And it’s all legal. Remember 2008? Nobody went to jail for that catastrophe that literally ruined the lives of tens of thousands of hardworking people. Those in charge, the ones who chose the risks to take, laughed all the way to their tax shelters in the Cayman Islands. And nobody will be held to account this time, either.
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Why?
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Because what they’re doing is legal. It was all legalized by our Congress. You know, the folks who are supposed to represent our best interests.
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Incidentally, this isn’t just an American issue. It’s global, too.”
I would only add to this that it is NOT our money. In a manner of speaking it is, but the reality is that it is THEIR money.
That underlies the solution to the entire problem before us, the ENTIRE problem & issue! 100% of it.
Until we no longer use THEIR money/currency, we are bound by THEIR decisions. The pols around the world are bought and paid-for or otherwise blackmailed into doing 99% of what THEY want.
In 2008 not only did no one go to jail, but that was OUR prime opportunity to send them packing, or at least firmly begin that process. But the pols, as they always do, did THEIR dirty and satanic work.
This is THE singular item which THEIR control revolves around. It really boils down to OUR MONEY OR OUR LIVES.
THAT’S our choice!! We can relinquish all that we perceive that we have in THEIR game of monopoly, replete with THEIR funny-money, now on the cusp of going digital, thereby rendering any traditional economic principles as worthless since that that point “money”/currency would merely become a control mechanism, nothing more.
At that point in time they’ll take whatever they want from us, and that’ll be just about everything from everyone. All that we perceive as money now being able to purchase/buy, will only be available should THEY decide we should have that. Given their stated model for the world, that doesn’t appear to be very much. “You’ll own nothing …” … and like it.
We won’t relinquish it in exchange for our souls and liberty, due primarily to our willful ignorance in the matter.
As to these “metals” everyone talks about, unless that metal is physically in one’s possession, good luck with that too once the time comes.
Our worship of mammon is doing us in, and when it’s all said and done, we won’t have our precious mammon and in the process we’ll have relinquished every last ounce of our liberty as well.
Do you think funds on deposit in credit union accounts, which are insured by the NCUA are in the same situation as funds in deposit with big banks and insured by the FDIC?
Back in 2010 we ceased doing business with BofA and moved our money. Not to a different bank, but to a local credit union.
IMHO credit unions are the better choice. They are non-profit institutions that work for their customers, not shareholders. They will not get gobbled up by one of the TBTFs (which is how we wound up with BofA). Most important: the credit union insurance fund, unlike the FDIC, is solvent.
P.M.’s are a good hedge against inflation as long as they hold their value, it’s not you but others that decide how much it’s worth. it’s like antique cars, it’s only worth what others place a value on it and how badly they want it. me, i put mine in tangibles like food, water and a sustainable lifestyle without debt.
i have about 25lbs of silver put back but i also have a lot of food, large gardens, and a good well, in as a secure location as a person can find anymore. i have worked for 40 yrs to get to where i’m at now. it didn’t happen overnight.
i have been real, real lucky over the years with the help of others in my life.
A day late to the discussion, but I’d recommend a credit union over a bank, any day! You are not a shareholder in a bank-you are in a credit union. Buying wedding bands at a pawn shop is a good deal. You can always sell them or use them as a bribe. Keep cash in a safe. You can buy a fireproof small safe through Amazon to keep it secure and they are small enough to hide easily. Never invest any financial funds that you cannot afford to lose. People who survived The Depression learned to live on what they had left. I have a feeling that we will be the same way. “Keep only enough in the bank to cover bills for the month”; best advice ever!
Daisy another great article, I first read on LewRockwell.com. ????
What happened to Cyprus was a banksters (IMF, ECB, FED etc) test that folks didn’t pay attention as many don’t even know where Cyprus is. Europe first & then US will be next, thus distractions & push for CBDC.
By the way enjoy the Greek farmers markets:)
On sad story of train fiasco, Greece’s assets per EU were sold off during the aftermath of ‘08 US financial debacle, port of Piraeus to China (first EU port coming off Suez Canal) & Italy owns the rail system to name a few. Greece a sad pawn of EU, would have been the first to Grexit (before Brexit) but Angela Merkel didn’t want that under her watch so she cajoled (bribed?) Greek PM Tsipras who actually ran on a Grexit platform.
Many rabbit holes as the Elite decide fates of common citizenry throughout the ???? thus the Plandemic to instill ‘Fear & Force’ on ???? .
Very prophetic and well timed article, Daisy. With the collapse of Silicon Valley Bank on Friday, there is A LOT of chatter about additional banks being affected next week, (these collapses always seem to happen on a Friday). Grab some cash out folks and decide what hard assets you need most.