Is Your Bank Next?

Instant ways to protect yourself. [Altucher Confidential] March 15, 2023 [WEBSITE]( | [UNSUBSCRIBE]( There will be other collapses. The time to get started on this wealth preservation plan is now. [Hero_Image] Is Your Bank Next? By Jim Rickards March 20th Announcement - Your Shot at Big Gains? On March 20 at 10 AM Eastern, one tiny stock is going to make an announcement that could send shockwaves throughout the market. And if you aren’t on the right side of what happens next, you’ll regret it forever. [Click here now for the details.]( [Chris Campbell] CHRIS CAMPBELL “There will be other collapses,” said colleague Jim Rickards last week. “The time to get started on this wealth preservation plan is now.” Jim’s statement has already proven prescient — Credit Suisse is in big trouble, too. The financial system is based on trust. When that trust falters, everything else crumbles. And, more often than not, the “little guy” is the one left holding the bag. Is Your Bank Next? The ultra-wealthy know how the game is played… and how to protect themselves. Fortunately, anyone can make a couple of simple steps — starting today — to do the same. For that, we invite Jim back to rap about how to protect yourself from bank runs. Below, he outlines two things you need to know. But if you want the real juicy stuff — things we’re not at liberty to publish in these pages — heed this message before midnight [Is your bank next? First it was Silvergate... Then Silicon Valley Bank and Signature Bank… Will Credit Suisse be next? Or will your bank close its doors forever? Don’t be a victim, and don’t wait… because, as Jim Rickards has been warning for a year, central bank digital currency trials are underway. Learn [the BEST way Jim knows to protect wealth…]( It’s [the information you’re not supposed to know](. For that reason, we’ll be removing the link at MIDNIGHT.] And read on. Download My New Survival Guide Today! I’ve created a BRAND-NEW “2023 Crisis Survival Guide” that I’m making available to all of my Strategic Intelligence readers today. This short 54-page document has everything you need to know to protect yourself and your family in times of crisis. Things like what foods to stock up on now, staying safe during periods of rioting and looting and more. Inside I break down all of the coming threats you face and how to prepare. [To see how to download your copy, click here now.]( Protect Yourself From Bank Runs Jim Rickards The question for everyday savers and investors is how can you protect your savings if the banks themselves are not safe? Here are some perfectly legal techniques for avoiding the wipe-out of your deposits if your bank fails: For starters, FDIC insurance covers a deposit of up to $250,000. That is government guaranteed. Even if the FDIC insurance fund runs low, Congress will appropriate the money to top it up or bank insurance premiums will be increased or both. That insurance amount is per deposit. So, a married couple can each open separate accounts and deposit $250,000 each. That increases your coverage to $500,000. (Note, this does not work if you and your spouse use a joint account. Make sure you have separate accounts. It’s fine to have a joint checking account if you like. Just make sure your savings are in separate savings accounts). Also, the deposit insurance covers separate deposits in different banks. The insurance applies per bank. So, if you open four savings accounts in four different banks and deposit $250,000 in each account, then the entire $1,000,000 is insured. If your spouse (or children) do the same thing, then you can have up to $2,000,000 in savings fully insured. Again, you need separate accounts of $250,000 each in separate banks with separate depositors. Still, if you and your spouse work together, there’s no dollar limit on the number of insured deposits you can have. Of course, there may be practical limits in terms of juggling multiple deposits in multiple banks. But without too much work, you can have multi-million dollar amounts in savings that are fully insured. Spreading your savings among several banks also reduces your risk because even if one bank fails the others may remain solvent. Keep Some Cash in Cash Finally, it’s a good idea to keep some of your cash … in cash. This means physical currency, usually in the form of $100 bills. You don’t want too much. Ten thousand dollars might be the right amount. A stash of $100,000 will get you through any power outage. Season to taste. Just keep it in a safe place. The best security is not to tell anyone you have it. Of course, you can preserve wealth and avoid banking crises by allocating cash to other assets such as gold and silver. So, that’s the menu. Multiple accounts in multiple banks by you and your spouse, plus physical cash, and an allocation to gold and silver allows you to store millions of dollars of wealth without worrying about a collapse like SVB. Unfortunately, SVB is just the beginning. Best, Jim Rickards For Altucher Confidential Warning: Will “Bidenflation” Destroy Your Retirement? [Click here for more...]( If you’re like most Americans, you’ve worked hard for decades to build your financial legacy. And now, as a result of Biden’s disastrous money printing policies, that’s all at risk. According to one top retirement expert, “Bidenflation” threatens to destroy your retirement and make your hard-earned savings worthless. That’s why you must take action right away to protect yourself… [Click here now to get the simple, step-by-step actions to survive “Bidenflation.”]( [Paradigm]( ☰ ⊗ [ARCHIVE]( [ABOUT]( [Contact Us]( © 2023 Paradigm Press, LLC. 808 Saint Paul Street, Baltimore MD 21202. 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