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Summary
➡ The speaker suggests that silver is a good short-term investment, but believes that cryptocurrency will become the future of trade and commerce. They warn that changes are happening now and urge people to prepare for a shift in how we conduct business, including becoming more independent from current service providers like electric and water companies. They also hint at a possible shutdown of banks.
Transcript
I mean, we’re in it. It’s happening. You’re already seeing the prices. That’s going to happen. Now, are we going to have hypervelation first, or is it, or are we going to have the banking holiday first? I don’t know, but in this video, I want to talk, we’re in the bottom line, is we got major changes, and in this video, I want to talk about the banking holiday scenario. So, we’re, oh, the duckies, they’re out here, they’re out here foraging on the yard. Sorry. First of all, we’re seeing this at the highest level.
We’re seeing signs that this is going to happen. I’m not, I’m not, right now, this is like March 7th or 8th or something like that. I don’t think it’s going to happen next week. I don’t think it’s going to happen next month. Do I think it will happen within the next six months? Absolutely. Yeah. So, and it’s good to really be mentally prepared for this. Not like you’re trying to manifest it, but like if you’re prepared for something, then you can handle that situation a lot better, and you’ll be able to make much better decisions in a time of crisis.
If you aren’t prepared for it, then you’re likely to do some really stupid things and set yourself back. And this is, we’re like whitewater rafting right now. You do not want to set yourself back. All right, so what is a banking holiday? So, the banks are having more and more problems. There’s people starting to run on the bank, which means everybody’s starting to withdraw their money from the bank, and then there’ll be an announcement. Hey, we’re going to shut all the banking system down for a while. Traditionally, it’s anywhere from a week to two weeks, and then they’ll open it back up again, and at that time, you know, you could go to the login screen.
It won’t let you in. You can go to your branch, and the doors will be locked, you know, that kind of thing. And then they’ll let you take out some after the holidays over. Usually, you know, maybe they’ll let you take out a hundred dollars a week, a day, or something like that, right? So, or 500, I don’t know, but it’ll be some, not nearly enough money, right? So, you want to, you want to be prepared for that. Now, some signs that we see this coming is it’s already happening at some of the highest levels.
So, BlackRock, you’ve heard of BlackRock, one of their flagship products, this is at the highest level. So, this is for like retirement funds, and insurance companies, and extremely wealthy investors. A lot of them were wanting to, you know, withdrawing their, withdrawing their, you know, funds from that, and there were so many of them that were withdrawing them that they, they said, okay, we’re, we’re, they call it, is it distributions? Anyway, they basically said, no more, you can’t take any more out. So, at the highest levels of the banking system, this is happening already.
And, you know, this is going to happen to you and I also. By the way, they did this in 1933. Roosevelt shut everything down for about a week. They did it in 1827. They’ve done it in different places. This, it’s going to be really interesting because it’s going to be everywhere, every country. So, you got to get mentally prepared for that shock. And so, the first thing is, is to make sure you’ve got at least, you know, a month of food on hand, and that you have a way to cook that food, and that you’ve got water, and a way to, you know, distill water, prepare, well, filter water, whatever, you know, basic prepper thing.
It’s great to have way more than that, but if you’re just getting started, then, you know, focus on a month, right? And that’s not too hard. You know, whatever that is for you, maybe, maybe it’s some jars of peanut butter and jelly. I don’t know, you know. I’m into a little bit healthier stuff than that, but it’s really not that hard to prepare for that. The other is to have some cash on hand. Now, I’m not a big fan of holding money in US dollars, because the US dollar is losing value at an incredibly rapid pace, and it’s just not a good thing.
But in a scenario like that, cash is king. You need something, you know, cash is king, although in some places you may not be able to get anything at all. There’s a lot of stores now aren’t even handling cash, but there’ll be all kinds of places where you can buy things, so it can impromptu whatever, but having cash means you’ll have an opportunity to get it. Another thing you might consider is having, I do this, and I have like three different bank accounts. I have one with a big, you know, big well-known national bank.
You’re not protected by being with a big national bank, by the way. I have one with a much smaller bank, a bank with, for gosh, gosh, maybe 25 years now, and then I also have a co-op, right? And part of that is, I think they’re all going to be affected uniformly. You’re not going to be protected because you have a co-op or whatever, but a couple of things. If they limit withdrawals, I don’t think they’re going to be able to figure out that you have three different accounts. You’ll be able to get withdrawals from all three different accounts, and then the other is, you know, there might be some later.
This one might open earlier. That one might not, or whatever, so, and there’s no downside in it, right? So if you have a little bit of money in the bank, having a little bit of money in three different accounts in the banks doesn’t change it. You still got that money, right? So it’s not like you’re going to lose money on this. So yeah, you know, mentally being prepared for this and having physical resources and being ready for this. Now, of course, you know, way ahead of this, you’re going to want, you’re going to need to be buying precious metals.
You got to have your, you know, all the other things, all the other prep things that you want, but a banking holiday is absolutely in our future. So you want to be mentally and emotionally and physically and spiritually prepared for that. Now, my guess, and this is just a guess from watching a lot of different interviews, I think we may have won the first banking holiday is not that we’re not going to completely shut everything down entirely. Now I don’t, I’m not going to give their plans, but what I’ve noticed over the years, like they like to really jerk us around and then kind of pull it back, right? You know, get used to it, pull it back.
So now the great taking is where there’s a banking holidays, everything shut down completely and you lose everything. You don’t ever get your money back. You can’t pay your mortgage and then or you can’t pay your loan or whatever. And then those, that collateral is just collected up. You know, we need to be that’s, that’s, that’s the great taking, right? Watch that book, The Great Taking. I’m guessing there’ll be a bank holiday that’s not that first. I don’t know though, but I just, I just noticed myself saying, hey, I really have to get emotionally prepared for this thing that’s, that’s going to happen.
Another thing that you can do, by the way, if you hear the generators in the background, the power went out here again. I’m in Puerto Rico. We regularly have power outages. I think it’s great. It gets this whole community prepared, right? Some crypto, right? And which crypto and all that is a whole another conversation, but you know, more and more we’ll be trading and buying and selling and doing things with crypto. And so having already figured, if you haven’t figured out crypto yet, you know, get a, open up, you know, create a wallet.
If nothing else, just get some, like some USDC or USDT, which is basically what we call a stable coin. So it’s basically like a digital dollar, you know, like coin. I’m not a big fan of Bitcoin. I have some and I’ve talked about it before. It’s called Theta and really I don’t see Theta as being something now or even trading after like a banking holiday. That’s an investment for like two years, maybe two years, maybe three years. It’s going to be absolutely vital and absolutely essential for everything, but it’s not ready yet.
The short term, you know, like if I need to make money right now is silver and I’ve been recommending that for a long time. Yeah, so but crypto is going to be the way that you’ll be able to trade and use money. Now, apparently in the great, great taking, yeah, that’s what they’re going to want us all to switch to, is their cryptos, which they call CBDCs or who knows what they’ll name it now, because everybody hates the name CBDCs now because we’ve all been talking about it. So they’ll do what they always did, right? You know, remember high fructose corn syrup, it turned into corn sugar.
Sounds better. All right, I just wanted to riff for a minute. I get prepared. This is no longer like, oh, this stuff might happen. This is happening. It’s happening real. It’s happening live. It’s happening right now. You need to take your preps to the next level. You need to take this seriously. You need to be preparing for basically the end of almost everything that we’ve known in terms of commerce and do everything we possibly can to get as much independence from any of those companies that serve you right now. Electric company, the water company, all that stuff.
Okay, and yeah, just start mentally getting ready for the shutdown on the banks. I’ll talk to you later. [tr:trw].
