Remember Cyprus

In 2013 there was a financial meltdown which took place
on the European island of Cyprus which sparked massive
bank runs, forcing some to close and others to seize depositors
assets. Each person was limited to withdrawals of only 300
euros a day and no one could leave the country with more
than 1000 euros. All depositors of 100,000 euros or more,
was subject to Draconian Asset Controls, which would have
from 40% up to 60% of their assets seized to keep the
bank from totally collapsing.
This is what's known as a bank bail-in.
When the banks keep a percentage of depositors assets
by law, to save themselves in a time of crisis.
This event in Cyprus should have been seen as the canary
in the coal mine for what is coming down the pike to all
other unstable financial institutions around the globe.
but I'm afraid that only a few are paying attention.

Banks Cannot Be Trusted

There are no guarantees with banks, but don't take my
word for it, instead, just ask the 25,000 people who used
to work at Lehman Brothers and lost their jobs all because
of the subprime mortgage Ponzi scheme that was created
and allowed by their superiors. Whether some of those
people were victims or not, the fact remains the same.
It would be foolish to think that independent asset insurance
corporations like the FDIC will protect all of your money
in the case of a bank collapse. They are liable only to
protect up to $250,000 of your cash not per account,
but in each bank. That means that in order for them to
cover $1,000,000 you would have to have no more
than $250,000 allocated in 4 separate banks.
Once again I hope you understand why it is not a good idea
to have a lot of your hard-earned money parked up in
a bank, for any kind of economical upheaval, can potentially
cause you to lose a significant portion or even all of it.

Inflation

At the time of writing this article, the united states senate is
working on a stimulus bill that will pump 2 trillion dollars into
the economy to try to mitigate the effects that the coronavirus
has caused. Now, for those who are less imaginative,
let me paint a picture for you. What they are planning to do is
like slowly pouring acid on an inflated balloon and as time
passes the structure of the rubber becomes compromised and
the balloon finally pops.
Or, it's like trying to use a flame thrower to put out a burning
building. Either way, what they are doing makes absolutely
no sense to me. This level of quantitative easing is what
cases inflation and in fact, accelerates it.
Inflation occurs when the value of a currency is watered down
so much that it requires more money to purchase goods and
services. The value and quality of the goods or services may
remain the same, but it will cost more money to pay for them
because of currency devaluation caused by excess printing.

Better Alternatives Exists

There are better ways to store your hard-earned cash than
inside of a bank, where its value will be eroded each day
by inflation. Why have your money lose its value when
you could use it to make a heck of a lot more over time.
The price of silver and gold have been greatly minupulated
and suppressed by the central banks for many years.
As a result, these assets are incredibly undervalued and
will make for an excellent place to store your wealth.
This is the year 2020, where it is now possible for every
individuals to create their own banks.
This can be done with the newest and most undervalued asset
of them all...Cryptocurrencies. With this digital asset,
not only can you own your own bank, but many banks, via the
newly invented non-custodial hot wallets or the unhackable
paper wallets, which are as cold as a puppy dogs nose.
Oh, and did I forget to mention that they are no limitations
to the amount of money that you can store or spend
with these accounts.
You could have hundreds of billions of dollars in the palm
of your hand or your private keys memorized if you're able.
And no uncle sam, or government entity or anyone can tell
you how to spend your money, and rightly so, for your
money should not be any of their freakin business.

In Conclusion

The governments around the world are in a printing frenzy.
The Federal Reserve has stated that they're willing to print an
unlimited supply of money to feed the centralized dinosaurs
of today. But even a blind man can see that what they are doing
in attempts to try and save the economy will only exacerbate
the problem. This liquidity crisis will not be solved by quantitative
easing, but by a revaluation of currencies with hard assets.
And whether they like it or not, sooner or later, they will have
no choice.

The audio to this article can be found on the youtube link below

https://www.youtube.com/watch?v=MUSleMxj9F0

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