The Banking Collapse of 2023
Disclaimer: I am not an economic advisor
A few days ago, we witnessed one of the most significant banking collapses in modern times.
There were numerous warning signs about the imminent collapse of the economy as we know it. Put bluntly, the Silicon Valley Bank is the modern-day Lehman Brothers.
Now the question remains, should we be worried? The answer to this is a HELL TO THE YES!
Lehman Brothers
In 2008, we suffered “The Great Recession” due to the gluttonous real estate market placing people in homes they could not afford.
Lehman Brothers are the modern-day Silicon Valley Banking system to collapse, causing the markets to crash and commodities to inflate.
As the saying goes, history repeats and this trend of economic prosperity and collapse spawns every fifteen to twenty years.
If you want my 0.02, I will admonish you to leave little money in your current bank. Leave the amount necessary to pay your bills and take most of it out.
Furthermore, banks are less reliable than you think. If everyone withdrew…
