Bank Holiday BEFORE Labor Day?
ALERT: Harry Schultz Newsletter Conclusion: Stand by for a possible bank run & bank holiday on Aug 26th, after the news breaks on the 25th. (FDIC 2nd Qtr. Report) This is in line with the HSL prediction of a US bank holiday in Aug/Sept. If you live in the US, get 3-6 months of household expense money out of banks now.
While they may not use this opportunity to escalate the brewing mayhem, if folks get scared upon hearing the FDIC is out of money and unable to insure their deposits, a run on the bank is likely. That will result in a “bank holiday” of an indefinite period. Which means you will not have access to your disposal income you keep in there. So pull it out now and have it with you or, better yet, turn it into food and goods you would want to have over the next few months.