I’ve been telling you for years about the true/actual/factual state of the economy. I have also been warning you that I believe that the economy has been in a slow 100+ year decline to eventual disintegration. I also warned that it could all come crashing down overnight. I explained it in detail.

One of the best ways to prepare for an overnight event was to have an emergency cash fund. I’ve never given a hard and fast figure on how much cash should be in your fund…CASH that you have your hands on…the actual cash money. I’ve left it up to you and your circumstances to decide on that amount.

Based on the banking failure that occurred late last week…I am GRATEFUL that I have an emergency cash fund on hand for my wife and me!!

I don’t know what is going to happen to the banks on Monday…maybe nothing…then again maybe…

I do know that SVB account holders showed up at various branches on Friday…and the police were called and reports are that no account holder was able to withdraw their funds.

Let me say this again…I don’t know what will happen to banks on Monday. But then again, I am grateful for our emergency cash fund.

Now, if I didn’t have that cash fund…I would head to the ATM this evening/tonight and withdraw whatever my limit was. Then on the way to work in the morning I would stop at my bank’s ATM and withdraw my limit again. That would be my emergency cash fund if I didn’t already have it. If I had more than one ATM card/account…I would probably do the same to both if it seemed appropriate.

If nothing happens Monday, or next week or so, and I felt confident in the economic situation I would go ahead and deposit that money back into my account(s)…if I no longer saw a need for the emergency cash fund.

But that is just what I would do.

FWIW…remember this line…

“We didn’t know it was that bad. Then overnight it just erupted.”

It was from my article “Let’s talk WWIII…”

Just saying…

Related Articles –

• The Fallacy of “Month-Over-Month” Inflation Numbers
• Massive (un)Employment Problems!
• SitRep – 12/07/2022 (part #1)
• SitRep – 12/07/2022 (part #1)
• SitRep – 12/02/2022
• SitRep – 10/19/2022 – Dire Warning !

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