Be Prepared: The Banking Crisis Has Arrived
This past weekend Signature Bank and Silicon Valley Bank both received emergency lending to guarantee all depositors could retrieve their funds. This followed both banks reporting that they were in a state of financial collapse. Upon hearing this news, many depositors withdrew their funds, resulting in a “run on the bank”.
President Biden spoke on Monday about the bank failures, assuring Americans that their money is safe. However, this news caused the stock market to dive on Monday, and, as more banks signal they are having problems, the stock market decline continues through today.
Today, turmoil surrounding Credit Suisse Bank is in the news. The Swiss Government has indicated they would prop-up the fledgling bank as needed to ensure it does not collapse.
Arizona Senator Mark Kelly called the run on the banks and subsequent market turmoil a “Twitter-fueled bank run” and discussed a plan for social media censorship to prevent a run on the banks. Representative Lauren Boebert said that Biden Under Secretary of the Treasury Nellie Liang asked about reaching out to Twitter and Facebook to “monitor misinformation and ‘bad actors.’”
We need to ask ourselves why would our own Government NOT want us to know that the banks we keep our money in are in trouble? Why does the Biden Administration’s Under Secretary of the Treasury believe that being open and honest about this would constitute “misinformation?”.
Investors should now realize it is time to take measures to reduce risk exposure. We can’t believe the Government will protect us, nor the FDIC (which is massively underfunded in the event of a true banking collapse).
Reducing cash positions in the banking system and investing in tangible assets is one of the ways you can begin to protect yourself. Becoming educated on the benefits of putting your money into Real Estate (buying property, or simply paying off property you already own), or buying gold & silver, or crypto (both of which were up 10% overnight) are great ways to help protect your wealth.
If Real Estate investing is of interest to you, please see our ‘Learn more about New Hampshire‘ link below to learn more about the communities we recommend investing in and why.
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We specialize in identifying single and multi-family investment opportunities. We target the Seacoast, Monadnock, and Lakes Regions of New Hampshire.
If you are ready to invest in Real Estate, contact us today to discuss your goals. Whether you are purchasing your first, or your next investment property, we are here to help!
Or, if you are selling, list your property with a company that has a reach far beyond most. Contact us today.
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