Thread by @AlexSaundersAU

1/ Recently I've seen lots of questions about bank runs, cash withdrawals, bail ins & gold/silver confiscation. It's clear people are worried & rightfully so. It's something I've been warning about since the last GFC. By February it was clear market fundamentals had detached

2/ from reality & a correction was coming. I did several videos on how to prepare for what lies ahead, including a video on the best way to become your own bank.
You want to be able to hold USD, DAI, Gold, Silver, Bitcoin & stable coins. All of these assets can be held in

3/ an Ethereum address these days. This gives you complete control over your wealth & allows you to freely rotate into other assets when the time is right.
So back to what changed recently? Well central banks did something they've never done before, publicly promise to print

4/ unlimited cash. Infinite liquidity. No matter how many bank runs occur, they will keep printing. Today they even promised to buy up junk bond ETFs! They are now the back stop for the entire financial system including governments & banks.
To me this means bail ins &

5/ confiscations are off the table. There's no longer a need to steal your money. However, there's still plenty of other reasons to become your own bank & these actions will have a different set of consequences.
With all this money being printed, spend, withdraw & hoarded like

6/ never before, it's very different to QE given to banks to buy back shares for example. This new money will be spent once things settle down & we will likely see massive inflation in the medium to long term. Inflation punishes anyone that has hoarded cash.

7/ Very few people ever figure out how the financial system works in their entire lives. But once again the elites will come out in front. But there is one way out, don't play their game.

8/ Even if you don't decide to become your own bank, at least learn how to do so in case you have a change of heart in future. I hope you find this post & video helpful. Enjoy! 🤓🏦🖨️💸