Several weeks ago, we noted that the FDIC made an unusual request to all Americans to keep their monies in the bank because it is safe…
“Your money is safe at the banks. The last thing you should be doing is pulling your money out of the banks thinking it’s going to be safer somewhere else.”
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Do you remember Dr. Redfield’s Congressional testimony telling us that we don’t need masks and there was no need to stock 14 days supply of food? So much for the CDC’s credibility. Fast forward and Dr. Birx is telling us to stay away from grocery stores and pharmacies:
“This is the moment to not be going to the grocery store, not going to the pharmacy, but doing everything you can to keep your family and your friends safe,” coronavirus response coordinator Deborah Birx said at a White House news briefing over the weekend.
I doubt there is any point to give more examples of dubious guidelines from the government. I could also discuss the promises of monetary relief or government small business loans/grants. As the fourth turning is upon us, one of its keystones is the loss of credibility in the government. So how much of your fortune is stored in 1’s and 0’s? Then again, what good is any fiat currency once the bank runs start?
David DeGerolamo
Dumb-asses waited too long.
I started draining my account when o’shitbag took office. I only leave enough to cover the checks and to keep it open.
“Cash is king”, they say…
Or it could just be the First of the month? That is when the lines get long around here.