Gonna call bullshit on this one. Things aren't that bad in the US and most folks don't care what happens in Americas War Bonnet. They still have beer, sports ball and haven't yet died from the clot shot.
Most of the people with decent deposits in US banks don't use lots of cash. They pay expenses with bill pay transfers or checks. The only banks that could be hurt would be the smaller under capitalized ones, most which are in small towns and farm communities where everyone knows each other, so that's unlikely.
Plus banks are flush with all the free money that's been rolling off the presses that last two years.
And if you hurt a bank, do you know what happens? It gets bailed out by the FDIC and sold to another bank.
Plus you shouldn't have a large excess of cash hanging around for long periods due to inflation. Keep enough in to cover expense and stick the rest in real world assets.
Gonna call bullshit on this one. Things aren't that bad in the US and most folks don't care what happens in Americas War Bonnet. They still have beer, sports ball and haven't yet died from the clot shot.
Most of the people with decent deposits in US banks don't use lots of cash. They pay expenses with bill pay transfers or checks. The only banks that could be hurt would be the smaller under capitalized ones, most which are in small towns and farm communities where everyone knows each other, so that's unlikely.
Plus banks are flush with all the free money that's been rolling off the presses that last two years.
And if you hurt a bank, do you know what happens? It gets bailed out by the FDIC and sold to another bank.
Plus you shouldn't have a large excess of cash hanging around for long periods due to inflation. Keep enough in to cover expense and stick the rest in real world assets.
Thanks for the advice.