How will this effect my cash in the bank OP in the USA, also what will gold and silver do?
Quoting: Philligan Please don't get me wrong, but I am not a seer. My predictions are nothing more than years of observing and analysis.
What you ask is very personal (your "cash" in the bank) and very unpredictable (gold and silver markets).
I predicted, and I stand by what I said, a market crash.This is a very general prediction, and I cannot and will not predict that the market will crash because of X share or Y bond.
Now, your cash in the bank...it's a contradiction of terms. You have cash when you have money in your hand, not in bank.
A lot of GLPers advocate for keeping only the minimum amount of money in bank.I have the same opinion. Many advocate to have cash reserves, gold or solver (physical, not paper).I have partially the same opinion.
Gold and Silver are a safe net for AFTER the crash, when things MIGHT settle.
However, I expect a FUNDAMENTAL change of things, with a return to the old system improbable, if not impossible.
But, some cash reserves, silver , food, medicine, coffee and cigarettes (even for barter) are never a bad idea, regardless if the system will survive the crash (if TPTB decide so) or not (if TPTB decide so).