If you would like to understand the 08 crash ,probably the easiest way would be to watch a movie named The big short on netfilx, the actual "perfect storm" that created the enviroment for the crash was not so perfect, it was just greed at an alarming level and every bank and mortgage company had a hand in it. unfortunately we didnt learn and the "perfect storm" is on the horizon and quickly blowing in. If you can pay your home off do it. if you canset aside a little currency, i.e crypto,silver ,gold do it, i recomend silver, it trades at a lesser value than gold and would be easier to do commerece with. and i dont mean contracts i mean actual holding silver. cant hurt to have some laying around it will always be worth something. We have stretched this rubber band as far as it can go and pretty soon it is going to snap and it will be that quick, dont think it can happen? i guarantee there were millions of americans that thought the same thing on oct 27 1929 and then on Oct 28 when their banks were closed and there was nobody to ask for some of your dollars for they started to become believers! and now if the bank folds you are personally responsible for its debt because now you are not a depositor anymore which means you can participate in the loss but not the profit because you are an investor in whatever bank you have your money sitting in,Under Dodd-Frank, depositors are an unsecured creditor to the bank. The federal government under “Orderly Liquidation Authority” outlined in the legislation can seize any financial firm, not simply the largest ones, if the Federal Reserve, the secretary of the Treasury and the FDIC determine a particular bank failure may cause instability in the U.S. financial system.

A creative alternative to giving account holders bank equity after confiscating their deposits to “bail-in” a troubled financial institution may be to offer a special-issue U.S. Treasury instrument that may only be sold over a five-year period.