Hi From Glenn!
I have two quick points for you…
💸 FIRST, COULD THERE BE BANK RUNS THIS WEEK?
Did you here about the SVB Bank Collapse last week? Thousands of people rushed to withdraw their money from the bank after they heard that it was collapsing. Within one day, customers withdrew $42 BILLION dollars, resulting in the second largest bank collapse in US history.
This is how quickly bank runs happen, and bank runs are contagious. This week is a VERY dangerous time for US banks, because people who saw what happened could go to their local banks and demand their money. We could very possibly see a collapse of many banks this week.
By the way, the officials of SVB Bank (including the bank’s CEO who also sat on the board of the San Fransisco branch of the Federal Reserve) knew what was coming and sold millions of dollars of shares in the bank less than two weeks ago.
This is one of the most significant challenges of our time: what is the best way to protect our assets when everything seems to be so backwards…
Should I keep my money in the bank? What happens if the bank collapses?
Should I keep physical cash under my mattress? What happens if my house gets broken into, if my house burns down, if the dollar itself loses it’s value or if the government outlaws physical cash?
Should I buy physical gold or silver? What happens if someone breaks into my house and steals it, or if the government reposes it?
Should I buy physical gold or silver and store it overseas? How do I know which companies to trust?
Should you put money into crypto? What if I do something wrong and lose it all?
I’ve been saying for a long time that I think it’s a good idea to get a portion of our money outside of the banking system. That means crypto stored in your own wallet (not on an exchange) or physical gold or silver. I personally believe it’s important to store some of your gold or silver outside the USA, such as Silver Bullion, Hard Asset Alliance, or Gold Money. Also, UPMA.
This is not financial advice. Do your own research. Find experts that you like and trust (I am NOT an investing expert).
🛡️SECOND, DID YOU SEE THE REPLAY?
I forgot to tell you about the replay of Thursday night’s masterclass. In this class, I shared exactly how to protect yourself while shopping online. It is VERY powerful information, and we had a great time.
If you missed it, please watch it here. I was going to pull it down tonight at midnight, but since I forgot to tell you about it I will leave it up another night.
If you did watch it, please leave a comment and tell everyone how good it was.
I GUARANTEE THAT YOU WILL LEARN SOMETHING AMAZING!
Thank you!
Glenn Meder
IMPORTANT! If you like this newsletter and you like what I have to say, please support me by becoming a Premium Member. I’m an independent voice who is a truth seeker, which is rare in today’s world of activist journalists and commentators who try to stoke the division and hate that is consuming our country.
I am enrolled in Privacy Action Plan. Will you consider adding a course for gold silver outside of USA to teach the basics (not financial adivce)? or Can you refer someone who teaches it? Thank you.
Glenn, you said the SVB bank collapse was "the second largest bank collapse in US history". When was the biggest collapse? Also, you said bank runs are contagious and that many people might go to their local banks and demand their money, which could result in the collapse of many banks ... possibly even this week. My question is: Back when the biggest bank collapse in US history happened, did that scenario play out? (Meaning, did a lot of people go to their banks to get their money out and did it cause the collapse of many banks?). I'm just curious what happened after the biggest bank collapse in US history.