I also recommend investing in Tin, in the form of 10-lb cans with freeze-dried food inside.
Gregory Mannarino: "Prepare For The Greatest Depression" | SHTF Plan
Market analyst Greg Mannarino says that the banking system's complete collapse is accelerating and we should be preparing for "the greatest depression." He adds that it is no secret at all what's happening right now in the United States economy and central banking system.www.shtfplan.com
View attachment 273924
Yes, that really stuck in my mind after reading/watching Michael Snyder a couple weeks ago. He stated "If you look at the banks that have already failed in 2023, (SVB, Signature and First Republic) it is greater than all 25 banks that failed in 2008 combined."I believe I heard this AM that at this point, more money has been lost in total than in the 2008 crisis.
Watching this also. Seen him somewhere before. Good summary of of the meltdownGregory Mannarino: "Prepare For The Greatest Depression" | SHTF Plan
Market analyst Greg Mannarino says that the banking system's complete collapse is accelerating and we should be preparing for "the greatest depression." He adds that it is no secret at all what's happening right now in the United States economy and central banking system.www.shtfplan.com
No worries. The crisis is over(Wall street Journal 5/24).
Banking Crisis Is Over, Top Executives Say
Threats to the global banking system have ebbed, but the industry might be forced to curtail lending and revamp business models in an era of higher interest rates.finance.yahoo.com
Or....
Jamie Dimon warns of 7% Fed rate, banking crisis, bleak commercial real estate
Investing.com - The U.S. banking crisis, which has claimed a few victims since March, is the direct result of the Fed's fight against high Inflation. Uncertainty about the health of regional banks and rising yields in the money market led to a steady outflow of deposits, bringing banks' balance...finance.yahoo.com
Lots of indicators that the consumer is cracking and credit is unaffordable. Average house is $400k, 30 years at 7.7% is well over $1m. Lunacy.ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zerozerohedge.com
While I get your point, folks have said similar for near 100 years. I met a lady in the late 90’s that told me what all she and her husband had gone through to get a house and a mortgage way back in the day. Still laughing at this line, “we were very worried about making a $24 per month mortgage payment. It is all relative.Lots of indicators that the consumer is cracking and credit is unaffordable. Average house is $400k, 30 years at 7.7% is well over $1m. Lunacy.
Admittedly it's based on the assumption of eating 7% for all 30 years, which won't happen. But, still, monthly payments have doubled in a year.While I get your point, folks have said similar for near 100 years. I met a lady in the late 90’s that told me what all she and her husband had gone through to get a house and a mortgage way back in the day. Still laughing at this line, “we were very worried about making a $24 per month mortgage payment. It is all relative.
More worried about all the crap they are doing that may just bring the whole country down…