Got Cash?
Most of us who have been watching the world collapse for a while have stocked up on
- Food
- Gold & Silver
- Cryptos
But, do you have cash?
Now that we see banks actually starting to fail....
Someone set us up the bomb
... nix that, now that they are showing us that banks are failing
(how does one sell lots of their stock, and get their bonuses before announcing that Silicon Valley Bank is bust?)
This could have been easily been averted with a simple swap from the Fed.
Not even close to the swaps they did for mortgage backed securities, but trading for actual, factual The US gov't bonds. They could have easily put SVB back on the straight and narrow.
But there are a lot of people who knew the SVB was going down and got into the life boats before telling the passengers.
Even Jim Cramer knew... or maybe didn't know, but the person who told him to pump SVB probably did.
Everybody knew except the people that would be hurt the most.
Cash will be king...
There will be a time after the banks start collapsing and before people realize that cash is trash, when cash will be king.
The normal person will gladly except cash in trade for whatever they have.
Most of these people will even believe that new banks will rise up and they can go back to using the CCs.
And the Fed + MSmockingbirdM will tell them so.
But there will be a group that is shifting to cryptos, and once that shift has happened, there will be no going back.
However, there will be a time, maybe a brief window (when you speak about decades) where cash will be king.
So, Got Cash?