16 March, 01:50
Speaking from a personal experience I had yesterday...now is a good time to plant some seeds for waking people up. that is not "politically' motivated. It's about something they are concerned deeply about - their money and future
In a work call, people were talking about the bank collapses....wondering what is going on/what will happen, as well as being open to listening to alternative opinions.
A few good questions to ask (and feel free to add more in the comments so others can use them) are:
- if the fed knows raising interest rates is causing the economy to get worse, then why do they purposefully keep doing it?
- The FDIC insurance limit is $250k per depositor, then what do you and is any bank truly safe? What is the alternative? How do you protect yourself and how do banks really operate with your money?
- Do you know about the Bank Panic of 1907 and why it happened as well as why was the Federal Reserve Act / the Fed created and by whom (history repeats)?
In a work call, people were talking about the bank collapses....wondering what is going on/what will happen, as well as being open to listening to alternative opinions.
A few good questions to ask (and feel free to add more in the comments so others can use them) are:
- if the fed knows raising interest rates is causing the economy to get worse, then why do they purposefully keep doing it?
- The FDIC insurance limit is $250k per depositor, then what do you and is any bank truly safe? What is the alternative? How do you protect yourself and how do banks really operate with your money?
- Do you know about the Bank Panic of 1907 and why it happened as well as why was the Federal Reserve Act / the Fed created and by whom (history repeats)?
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Feds work for the bankers. If you look at the low interest rates pre-2008, banks were pushing ARM mortgages. Once the market was saturated with these mortgages, the Fed steadily raised interest rates > housing crash > bailout in the $ trillions. When Trump took office, the Fed tried to raise interest rates to crash the economy but Trump stopped them. We see the same now, they artificially raised prices of energy to groceries and the reply by the Fed was to raise interest rates.
The wealthy spread their assets across multiple bank accounts or buy tangible assets. They know cash is always inflationary so they don't hold onto much of it. A good investment is life insurance with a cash asset - the cash portion is protected like insurance.
When will people get angry that their hard earned money keeps being stolen to bailout bankers and corporations ? It has to come to a point where people will unilaterally walk away from their debt.
The wealthy spread their assets across multiple bank accounts or buy tangible assets. They know cash is always inflationary so they don't hold onto much of it. A good investment is life insurance with a cash asset - the cash portion is protected like insurance.
When will people get angry that their hard earned money keeps being stolen to bailout bankers and corporations ? It has to come to a point where people will unilaterally walk away from their debt.
03:51 PM - Mar 16, 2023
In response Kim Runner to her Publication
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