{"id":117515,"date":"2021-09-14T10:45:34","date_gmt":"2021-09-14T14:45:34","guid":{"rendered":"https:\/\/valorguardians.com\/blog\/?p=117515"},"modified":"2021-09-14T09:58:45","modified_gmt":"2021-09-14T13:58:45","slug":"deja-vu-all-over-again-and-again","status":"publish","type":"post","link":"https:\/\/www.azuse.cloud\/?p=117515","title":{"rendered":"Deja Vu All Over Again…. And Again"},"content":{"rendered":"

\"\"<\/p>\n

Banks will retract customers\u2019 accounts? Seize your assets?<\/p>\n

Listen up! If you think it can\u2019t happen, think again. This article is partly prompted by thebesig’s prior article about reporting customers’ bank accounts if they’re over $600.<\/p>\n

The interviews below are eye-openers. Stansberry Research is no slouch; they\u2019ve been around a very, very long time. Per the interview, Wells Fargo is no longer doing personal lines of credit to account holders, period. David Morgan (The Morgan Report) is no slouch, either. If he\u2019s posting a warning, it\u2019s best we pay attention.<\/p>\n

https:\/\/www.youtube.com\/watch?v=gGPW72cQhao<\/a><\/p>\n

What is worrisome is that Wells Fargo is already shutting down all existing personal lines of credit in the coming weeks, and will no longer offer the product to customers. To put it bluntly, you will no longer have personal lines of credit if you bank with Wells Fargo. Period. And if you recall the 2008 housing \u201ccrisis\u201d debacle, Wells Fargo was heavily involved in that economic disaster. The transcript for that interview is at a tab off to the side of the video interview.<\/p>\n

https:\/\/www.youtube.com\/watch?v=nU-Tz4vh8uE<\/a><\/p>\n

I have not yet seen anything like that to date with Chase, but I did get a form letter outlining new policies on bank accounts. Go with a smaller bank? No. The smaller banks are beholden to the Big Banks for support, and inflation will have an impact on this.<\/p>\n

Inflation is already running rampant, in case you haven\u2019t been subjected to the price at the pump and the grocery checkout lines.<\/p>\n

Also, in the interview regarding Wells Fargo\u2019s closure of personal lines of credit, David Morgan warns us that the US is on The Edge<\/em> \u2013 meaning a possible crash \u2013 and we had best pay attention. Neither party mentions China, but China is a major player in financial markets right now, as are India and the Saudis and the Euro-zone countries. I am seeing this start to crop up in other financial analysts’ reports as well.<\/p>\n

If the USA crashes, the rest of the world will follow. If sales to the US\u00a0 drop, China will feel an impact, and other countries will likewise follow anything that happens with us. It all rolls downhill, you know.<\/p>\n

Bitcoin is not real currency. It isn\u2019t even a scam. It is gambling and nothing else, and Bitcoin and the other digital currencies will also crash like rock sliding into a deep gully. People will take their money out quickly. That will devalue Bitcoin and other digital currencies quickly. It’s been a volatile market for that item, too, and seems to be increasing in volatility. Bitcoin is like any other commodity, except that it is not a tangible item: you can’t hold it in your hands and stare at it. It only exists as electrons.<\/p>\n

Have some real cash hidden somewhere that is visible only to your eyes, and I do NOT mean in your gun safe. That\u2019s the ammo bank; ammo and food stocks in your pantry may be more valuable than currency at some point. Remember that.<\/p>\n

You are going to need cash money \u2013 currency – to survive. Those people who buried cash in Mason jars in the back yard during the Depression weren\u2019t nearly as idiotic as people think. Banks couldn\u2019t be trusted back then after the financial crash and bank closures, and there was no economic relief like unemployment compensation at that time.<\/p>\n

It isn\u2019t just that banks can\u2019t be trusted now; they carry FDIC insurance against a repeat of that 1929 debacle.\u00a0 It\u2019s also the 2008 financial mess, with the debacle in credit default swamps, that I\u2019m referencing.<\/p>\n

It\u2019s more along the lines of this: the ATM over by Wally World has been drained and the bank didn\u2019t call in the Fed to supply more cash to their ATMs before the holiday weekend, and anyway, the bank won\u2019t open until Tuesday because Monday is a holiday, and you\u2019re just about out of gas, which is rising toward $3.999 for regular unleaded, and there\u2019s a whole new riot going on in the city to the south or north. So you pull into the gas station and the pump card reader won\u2019t take your card, and you go into the station to ask the attendant what\u2019s wrong, and he says \u201cCash only for now\u201d, and you have exactly $2.76 on you, and the ATM in the gas station is also out of cash.<\/p>\n

You think I\u2019m kidding? No, it\u2019s \u201cworst case scenario\u201d, and while you can\u2019t get paranoid about it, thinking ahead with that in mind is necessary. Otherwise, if you can\u2019t remember the panics at the pump during the Arab oil embargo, or last year\u2019s ridiculous shelf-raiding episodes at the grocery stores, ask someone who does remember it.<\/p>\n

But you get the drift, right?\u00a0 OK, my scold is over.<\/p>\n","protected":false},"excerpt":{"rendered":"

Banks will retract customers\u2019 accounts? Seize your assets? Listen up! If you think it can\u2019t happen, … Deja Vu All Over Again…. And Again<\/span>Read more<\/a><\/p>\n","protected":false},"author":653,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[209,213,430,16,224,11],"tags":[],"class_list":["post-117515","post","type-post","status-publish","format-standard","hentry","category-teh-stoopid","category-your-tax-dollars-at-work","category-2020-election","category-administrative","category-darwin-awards","category-economy"],"_links":{"self":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts\/117515","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/users\/653"}],"replies":[{"embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=117515"}],"version-history":[{"count":1,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts\/117515\/revisions"}],"predecessor-version":[{"id":117516,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts\/117515\/revisions\/117516"}],"wp:attachment":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=117515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=117515"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=117515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}