“I'd put ~20% chance that we are in the beginning stages of a banking crisis.”

Re:“I'd put ~20% chance that we are in the beginning stages ... by diego898 on Monday March 13, 2023 @08:35PM (#35145528)

This may be silly, but I always seem to miss what someone should do to “prepare” if they agree with this level of risk?

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Re:“I'd put ~20% chance that we are in the beginning stages ... by whitepoplar on Monday March 13, 2023 @08:39PM (#35145565)

It's always a good idea to have some cash, a couple different accounts, minimal debt, etc. Applies to all sorts of crises--not just financial ones.

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Re:“I'd put ~20% chance that we are in the beginning stages ... by pram on Monday March 13, 2023 @08:38PM (#35145558)

For individuals having some physical cash available, I'd guess? Enough to cover expenses until access to your deposits get restored.

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Re:“I'd put ~20% chance that we are in the beginning stages ... by WaxProlix on Monday March 13, 2023 @08:38PM (#35145553)

Cash, gold, ammunition, other fungible non-bank backed assets?

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