The bank crisis isn't over yet, and experienced individuals know credit crises don't end quickly. Some find it amusing that some think it's resolved, but in reality, we're headed for a major economic downturn due to this credit contraction.
@VickyAlvy
11 ай бұрын
After the '08 financial crisis, I've learned not to trust corporations. Since 2020, I've been investing with a financial advisor and have had no major losses, so I'm not going back to relying solely on banks.
@Jason9o669
11 ай бұрын
Many overlook that banks are profit-driven businesses. I don't trust keeping a large sum in a bank, instead, I invest with guidance, enjoy the benefits, and save for retirement.
@Rodxmirixm
11 ай бұрын
Well said . Personally,i diversify my investments across various markets with the guidance of my financial advisor, Stacey Lee Decker. I’m happy about this decision . This routine has enabled me to achieve attractive good returns through high dividend-yield stocks, digital assets, ETFs, and bonds.
@ClementRusso2
11 ай бұрын
With high inflation, I want to invest my idle cash. Thanks for sharing her impressive resume that I found online!
@Rodxmirixm
11 ай бұрын
You’re welcome. I’ve made over six figures passively with Stacey Lee Decker’s guidance in a strong financial community. Market crashes don't affect my returns.
@emersonstagnitta65
Жыл бұрын
Those concerns are already too late. By understanding how Banks work, it becomes clearer why they ultimately fail. Do people even know Banks use a majority of their funds for their "personal investments"? Ever heard the saying cash is thrash? Just hold your money in more stable and lucrative ways and save yourself the stress.
@paulagoodman7530
Жыл бұрын
Easier said than done. what are the alternatives
@Mrcarlson_E
Жыл бұрын
Sorry to jump in, but there a lot; gold, stocks, stable businesses etc. I know this cos personally I made my first million late last year from stocks and bonds which I have used to set up and put into the other things. The only downside is that you could also lose your funds which is easily remedied by using a professional or making very thorough inquiries. Good luck.
@lelaoliver521
Жыл бұрын
@@Mrcarlson_E ...Nice approach... I have been considering going into one or two of the listed ventures for sometime now especially stocks with no knowledge of how to go about it... You mentioned using pros, if its not a problem, do you mind telling if you used one or recommending a good one? I could definitely use one right now... I look forward to you replying...
@thepotter867
Жыл бұрын
fr man. can't trust banks anymore
@Mrcarlson_E
Жыл бұрын
@@lelaoliver521 Yeah, I used one but that's cos I'm not so knowledgeable in the field and I battle with time constraints. Not really sure I'm permitted to go into details here, but mine is Abraham Adam Keith, and you could possibly find more through a quick search.
@bbryan195
Жыл бұрын
I'm really worried about the current bank crisis. If a bank as big as SVB could fail, I fear for a lot more. I know a friend who is running a high-growth startup, and was badly hit by the bank run. I have pulled out more than $340k from my bank. After all, the FDIC covers only up to$250,000, and the implosion could have bad effect. Looking to invest into the stock market now. Does anyone know how I could go about it?
@jacobrebecca1885
Жыл бұрын
We underestimate the fact that banks are corporate entities also governed by greed. Since 2020, the banks have been over-leveraging their assets, which was one of the reasons for SVB's implosion. I have never been okay with keeping much money in the bank. I simply invest through my financial advisor, collect my profits, which I then spend.
@inlovewithmycorgie
Жыл бұрын
My wife and I were following this same trajectory. Last two years, I pulled out my money and invested with her wealth manager. Not catching up with her profits over the years, but at least I earn more. Haha.
@st.morits
Жыл бұрын
@@inlovewithmycorgie Would you mind telling me how to contact this specific coach using their service? Unlike the rest of us, it appears you have figured everything out.
@inlovewithmycorgie
Жыл бұрын
Credits to Julie Anne Hoover , one of the best portfolio manager out there. she’s well known, you should look her up.
@msarah6028
Жыл бұрын
Thank you for this tip. it was easy to find your coach. Did my due diligence on her before engaging her services. She seems proficient considering her résumé.
@darnellcapriccioso
Жыл бұрын
The collapse of Silicon Valley Bank, Signature Bank, Silvergate Bank and potentially Credit Suisse all have two thing in common: very poor risk management and high amounts of uninsured deposits. Yikes! I'm at a crossroads deciding if to liquidate my dipping 200k stock portfolio, what’s the best way to take advantage of this bear market?
@tatianastarcic
Жыл бұрын
The SVB situation is a reminder that Fed hikes are having an effect, even if the economy has held up so far,” It’s precisely at times like these that investors need to be on guard against the next certainty. You don’t have to act on every forecast, hence i will suggest you get yourself a financial-advisor
@maiadazz
Жыл бұрын
Such market uncertainties are the reason I don’t base my market judgements and decisions on rumours and here-says, got the best of me 2020 and had me holding worthless position in the market, I had to revamp my entire portfolio through the aid of an advisor, before I started seeing any significant results happens in my portfolio, been using the same advisor and I’ve scaled up 750k within 2 years, whether a bullish or down market, both makes for good profit, it all depends on where you’re looking.
@richardhudson1243
Жыл бұрын
@@maiadazz I’ve actually been looking into advisors lately, the news I’ve been seeing in the market hasn’t been so encouraging. who’s the person guiding you?
@maiadazz
Жыл бұрын
@@richardhudson1243 My advisor is Laurel Dell Sroufe, she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
@pandorasrevelations9873
Жыл бұрын
Gold and silver
@green10wine
Жыл бұрын
Selling 3.6 million worth of stocks 2 weeks before the collapse of SVB = insider trading. The CEO should be arrested and his assets seized.
@yogawithjengentleyoga3614
Жыл бұрын
Always get away with it!
@TheUser808
Жыл бұрын
How and why? Unless you’re suggesting that he incited a bank run and lost his job all just so he could stand atop the ashes to proclaim he got paid before the company went bankrupt.
@green10wine
Жыл бұрын
@@TheUser808 When they decided to raise funds by selling the bonds at a loss, they knew the bank's stocks would suffer more or less. Did they know that the consequences would be as severe as the bank run? Maybe, maybe not. (In these high risk jobs, they always do scenario analysis and planning. So the bank run could not have been a total surprise to them.) But bank run or not, they KNEW their stocks would suffer at the very least.
@green10wine
Жыл бұрын
And if you sell stocks knowing the fact that your next action will cause the stocks to fall, that's insider trading. Regulators are already looking into this case anyway.
@_nik
Жыл бұрын
agreed. securities fraud, embezzlement and negligence. executives should have personal assets seized and go to prison.
@Amen.ahmed1
Жыл бұрын
Money doesn't disappear, it leaves from poor people's pocket to the rich.
@mikeg2491
Жыл бұрын
Actually money does disappear through loans being paid off or defaulting, which is why the fed should be aggressive with rate hikes and pop this market and real estate bubble, but doesn’t seem so interested.
@shihtzusrule9115
Жыл бұрын
Yes, definitely with crypto and stocks. For there to be winners, there has to be losers. Not so with banking. CEOs selling their stock before a collapse is just illegal, like insider trading because that really tips the scale and hurts the traders that don't have that information to base their selling or buying on. It's like giving an injury report for betting on the NFL, so all the people gambling can make better decisions.
@Wildboy789789
Жыл бұрын
Actually it does disappear... the economy is based entirely on value... if everyone in the world has an apple tree, your apples are worth nothing, if you have the only apple tree in the world maybe your apples are worth 1000$, if your apples cure cancer maybe people pay 1million$... you have 1 apple tree, no money changed hands, the only difference is what people are willing to pay... during a collapse very few people make money, the value of assests literally disappears into thin air
@Navy8674
Жыл бұрын
Deep
@SamanthaBellerson
Жыл бұрын
@@mikeg2491 how does the money disappear? Who is out the money? Neither make sense. He is right, the people who lose the money is the poor, the rich are protected.
@Epstein_Never_Met_the_Guy
Жыл бұрын
Wait, banks are failing but stock price goes up?! Unlimited FDIC insurance?! They just change the rules when it suits them best. If you went broke, the US government would not bail you out but they will for rich people, again. This is absurd.
@friendoftellus5741
Жыл бұрын
Well said !!!
@jamesstpatrick8493
Жыл бұрын
Uhh no. They made the game and they make the rules. Its to bad for short sellers
@_nik
Жыл бұрын
guaranteeing consumer deposits is a good thing. the alternative is a credit unraveling that would cause 60-80% of businesses and real estate to default and tens of millions of people to lose their jobs. guaranteeing deposits ≠ actually paying them. not guaranteeing deposits = guaranteed continued run on banks = more bank defaults = destruction of financial system
@TheFifthWorld22
Жыл бұрын
it won't happen this time watch they're talkin a big game now even Janet yellen is, but they will all have return on what they have sown
@ronbennett7885
Жыл бұрын
The powerful protect their own. Always have, always will. 2008 was a prime example. Very few paid much of a penalty with virtually none ever seeing the inside of a jail cell. Legalized corruption is worse in some ways than illegal corruption, since it's on a larger scale and most don't see it until it directly affects them.
@innocentnemesis3519
Жыл бұрын
Wow, yet another “once in a lifetime” financial collapse.
@bigpicturethinking5620
Жыл бұрын
For those who pay attention- a lot of new millionaires will be minted.
@_nik
Жыл бұрын
"once in a lifetime" comes every ten years (unless they kick the can like since 2018, then it just makes it worse when the reversion does come). people have short memories lol.
@stevenhenry5267
Жыл бұрын
No
@silverdrillpickle7596
Жыл бұрын
Which seems to happen now about every 10 years or so.
@spokezman
Жыл бұрын
I think it happens every 10-15 years lol
@crishhari5903
Жыл бұрын
You know something is wrong with the system when bad news= higher stock prices.
@johnrobi0
Жыл бұрын
Dead cat bounce.
@johncmoore416
Жыл бұрын
@@johnrobi0 super dead
@blacky4947
Жыл бұрын
they are pumping money
@TheFifthWorld22
Жыл бұрын
oh well, it doesn't work anymore...we all will see
@mikeg2491
Жыл бұрын
@@blacky4947 so basically like every rally since ‘08
@Thadopeera
Жыл бұрын
Did my bank run 15 years ago thanks to BofA and their poor customer service.. I’ve been sleeping peacefully since
@Kitosa_Hinoyosha
Жыл бұрын
So much for our tax dollars not being spent to bail them out...
@AFRoSHEENT3ARCMICHAEL69
Жыл бұрын
Well its your faith in the banking system that keeps it going. Just remember that. She literally just said Consumer Confidence. That's your faith in this paper money.
@mg123rules
Жыл бұрын
Take your money out of banks to teach them a lesson 😂
@teasemate360
Жыл бұрын
That won't work
@smith7388
Жыл бұрын
It angers me that they’re even thinking to pay out bonuses. Our so called government is a JOKE.
@AFRoSHEENT3ARCMICHAEL69
Жыл бұрын
It's all a joke. All of it. People die because of this joke of a system. Idk how they can even be called human and live with themselves.
@robotmanx2009
Жыл бұрын
I’m so glad that I, a hardworking taxpayer, get the privilege of bailing out these banks.
@marshafisher71
Жыл бұрын
The fact that our dollar is centered around debt is the real problem. Good grief…. 😤 Why would these experts expect this system could work forever is delusional
@eddy5380
Жыл бұрын
Developed or developing countries use debt to advance forward =)
@ryanmalloy969
Жыл бұрын
EVERYTHING IS FINE!!! NOBODY PANIC!!!
@Joy-zh9fq
Жыл бұрын
Lol “insert dog with the house on fire meme” everything’s fine…. 🥴
@mars4964
Жыл бұрын
don't panic. they will make a film about us for the Oscar
@_nik
Жыл бұрын
yellen shouldve just guaranteed deposits in her first public address to ease confidence while working out a solution... smh
@mikeglenn5212
Жыл бұрын
That's what they always say..saying otherwise would cause a huge panic on the banks..
@redjetsen1002
Жыл бұрын
When no one fails...terrible risks are taken.
@ILWU4Ever2024
Жыл бұрын
This SVB story sounds a lot like the Enron story.
@peni1641
Жыл бұрын
how so?
@441meatloaf
Жыл бұрын
They shouldnt even comtemplate the idea of seeing if they need to pay back the bonus, this shouldn't even be a question...the fact the SVB management knowingly invest in risky investments and then double dipping their toes to pull fat bonus out before it fails its criminally negligent and fraudulent.
@TheUser808
Жыл бұрын
What risky investments are you talking about? The treasury bonds and mortgage backed securities? If you think that’s risky then what would be a safe investment?
@jasonscott4366
Жыл бұрын
@@TheUser808 the bank failed so clearly they were bad at what they did
@_nik
Жыл бұрын
not risky investments, but you would expect the risk management department of one of the world's largest banks to properly ladder bond ladders and know to not lock up all your capital in long-term, low interest rate notes in a highly probable, if not obviously guaranteed rising rate environment. literally finance 101
@TheUser808
Жыл бұрын
@@_nik okay so let me get this straight. You believe that by properly laddering their investments, they would’ve been able to weather a bank run of roughly $42 billion? So they should’ve put all of their cash in a wells fargo savings account just in case of a bank run.
@TheFifthWorld22
Жыл бұрын
the banks will be held accountable and liable each step of the way
@christopherlincoln4550
Жыл бұрын
Call it what it is it's a bailout which they claimed they wouldn't do like in 2008. It's crazy to me how all this money comes out of no where to help Banks and Ukraine but the cost of living along with groceries and everything else just keeps going up along with inflation. Peoples wages just aren't matching up to the cost for a basic living. They keep saying that things are better how? By raising interest rates on everything making it more expensive to afford. This economy is getting scary.
@carolineclampett8601
Жыл бұрын
Reading a prewritten speech Makes me feel warm and fuzzy
@MrBlack31695
Жыл бұрын
When they say everything is okay and don't panic....that when you should panic.
@osimate
Жыл бұрын
Sure glad someone who makes millions doing "speaker" appearances can tell us what to think about the situation she helped create. It's unreal these thieves are allowed to continue to fleece the country.
@friendoftellus5741
Жыл бұрын
I very much agree !!!!
@jamesstpatrick8493
Жыл бұрын
Never fully trust the banking system😂😂
@JayS-el2wd
Жыл бұрын
Why are we bailing out the rich again?
@ZZ_Tops_007
Жыл бұрын
As they should BIG BANKS is like the house of cards at the brink of collapse
@mikev2761
Жыл бұрын
I know this report is a few hours old, but all these gains were pulled back after hours.
@MrFiction80
Жыл бұрын
I, for one, is definitely not worried about rich people losing their money. 🤷♂️
@QPham3112
Жыл бұрын
you know something is wrong when Yellen has repeatedly defended banking system.
@rickybobby7276
Жыл бұрын
The only concerns people have is if there will be another bailout for the rich. That's it.
@debbystardust
Жыл бұрын
This is good news! There’s certainly been odd goings on with regional banks in my state of Alabama throughout my lifetime. The stately brick Colonial Bank near the K-Mart was a familiar sight growing up in Roebuck, part of east Birmingham. My parents used Colonial Bank. Later, it failed massively. In my college years, I chose to stop banking with Regions after an account that I left with a balance of about $20 was mysteriously charged with multiple fees. Regions was recently sued over excessive fees so I’d say I made the right choice.
@homedoghappiness
Жыл бұрын
Banks failing wouldn't even be an issue if they were more responsible. They keep getting bailed out, setting a precedent that it's ok since they'll be saved at our expense. Where's their punishment??? The people who put themselves + us in this mess need to pay for this, not the majority of the taxpayers.
@AFRoSHEENT3ARCMICHAEL69
Жыл бұрын
Watch the movie The Big Short
@robertawiese
Жыл бұрын
Is this a news organization or a spokesperson for the government… seriously😂😂
@bigpicturethinking5620
Жыл бұрын
Are you just now realizing this?
@Fordgroup00
Жыл бұрын
@@bigpicturethinking5620 Unfortunately too many are and too many still blinded SMDH
@ammanuelabraham3487
Жыл бұрын
What happened to the free market? These bailouts are ridiculous
@RCenal
Жыл бұрын
Time to pull your money out of the banks people
@evoredline
Жыл бұрын
The party is over, get prepared!
@franknewman1587
Жыл бұрын
I’m from the government and I’m here to help
@bigraviolees
Жыл бұрын
Deregulation crashes trains, planes and banks
@comrade916
Жыл бұрын
The official inflation rate is 6 percent.. The real, unofficial inflation rate is more like 10 percent...
@chrischendio3632
Жыл бұрын
If you did your job, you wouldn't need a bail out.
@silverdrillpickle7596
Жыл бұрын
“Im from the government and im here to help…”
@garyallen8626
Жыл бұрын
Ronald Reagan, nine words any American hates to hear.
@debbie5728
Жыл бұрын
Yellen might not know Jack about economics, but that sure is a beautiful portrait of her crossing the Delaware river on Christmas Eve.
@RespectMyFreshTV
Жыл бұрын
lmaooooo
@stevenhenry5267
Жыл бұрын
And you're wrong
@mikeg2491
Жыл бұрын
@@stevenhenry5267 correct she knows exactly what she is doing to destroy the country.
@hubtai
Жыл бұрын
Too many banks in US, actually only US has so many banks.
@muskduh
Жыл бұрын
it's part of a big plan. It's called the great reset.
@noone-ht9qq
Жыл бұрын
Most people dont have more then 2000 dollars in the bank, so I dont know why so many people are worried.
@Skilliard
Жыл бұрын
Because it can affect their paycheck. Companies store their currency in the bank, and if the banks lose their deposits, these companies will miss payroll.
@bigpicturethinking5620
Жыл бұрын
Lol true.
@MrArtrigor
Жыл бұрын
Because people are loosing the value of their money, i think..
@bigpicturethinking5620
Жыл бұрын
@@MrArtrigor That’s inflation. Joe said the inflation is zero. So what are they worried about the king has spoken?
@peni1641
Жыл бұрын
"bank failure" was done on purpose just like subprime lending in the early 2000s. It's like they are trying to create economic instability. Did they pay the money back; banks that recieved bailout money in 2008?
@alexlopez5800
Жыл бұрын
Pop that housing bubble and you have your money back...
@mattjenkins682
Жыл бұрын
Yellen: 🔥🔥🔥This is fine,🔥🔥🔥🔥everything's fine🔥🔥🔥
@riddlechallenge
Жыл бұрын
Smaller banks are the one with higher failure rate. The big banks are just fine. So its not really a major crisis as the government can support the depositors of the small banks.
@grandmaster137
Жыл бұрын
People have no confidence in the banking system
@rp5339
Жыл бұрын
The federal reserve printing money and bailing out banks and the government going after people to collect taxes on capital gains and dividends is more and more incentive to put your savings in gold and silver.
@abefinance109
Жыл бұрын
FDIC will NOT bail out the investors. FDIC will bail out the savers which is what people want.
@HilarityBribo
Жыл бұрын
Already pulled most of my money out. Writing is on the wall, I mean does anyone think things are going to improve under the obiden crime family?
@teslafieldphysics4041
Жыл бұрын
What, is Everyone pulling out their remaining $5.55 they had in there? Paper tiger. Down she Goes, Captain!
@jameskayser-iu1zw
Жыл бұрын
Leave the banks Run on banks Run to silver Silver rarer then gold research Ditch cash but cheap silver create power Hit them with metal
@jaromaston1068
Жыл бұрын
1st sentence banking is stabilizing. Headline is a 180 from this.
@freakouttent4996
Жыл бұрын
FJB
@eprofessio
Жыл бұрын
I watched banks go out of business my whole life. Sometimes it winds up in the news cycle and most times it doesn’t.
@annmcnitt8749
Жыл бұрын
"Continue vigilance"? So how did these bank failures happen? Someone has been asleep at the switch. How about "INCREASED vigilance"?
@faithlewis4695
Жыл бұрын
Of course, it’s going to be more banks creeping out the woodwork; they seeing banks being bailed out.
@SoyTuPrimo361
Жыл бұрын
It's game over for the banks Never trust a gambler with your money 💰
@trader5515
Жыл бұрын
Thank you
@fushionm6098
Жыл бұрын
The money game started in 1971 is failing and the reality is that everything that has a starting point also has an ending point. The time is now.
@JohnDoe-ef3wo
Жыл бұрын
And the corruption continues
@sl5132
Жыл бұрын
Ha haha… they can only cover 1% of the current FDIC insured as it is
@michaelwilhelm157
Жыл бұрын
Don't worry American Banks we the American people will be more than happy to bail you out once again. Only one of my kids needs to go to college.
@mattb3295
Жыл бұрын
does anyone know or have witness to if First Republic Bank had lines of people trying to withdraw funds on Mar 21, 2023 (today)
@debbiebernhardt5406
Жыл бұрын
I have one nearby, gotta go check it.
@jasonc2029AD
Жыл бұрын
French BNP Paribas is SHAKING too....they're very quiet lately 😅😅😁😁
@jessemoss2548
Жыл бұрын
Oh , it's gonna happen ! Last month I opted to take my salary in large caliber unmarked ammo . Did you know American Patriots have that option !😮
@jorgecruz1235
Жыл бұрын
Rich people always making it seem like their problems are everyone else’s problem. Don’t worry, the govt always has your back and will bail you out. Never if your working class
@gregorymather8163
Жыл бұрын
Yellen’s remarks reflect an expert who is in a position of control. How is Alexis an expert? This is what is wrong with mass media. Alexis should be asking opinions from experts like professors in finance or economics from Harvard or other universities and then listen. An opinion from a journalist lacks merit and credibility. It is a waste of time.
@pat-orl
Жыл бұрын
"Concerns growing over more bank failures" what a click-bait headline that shows how the media creates panic and disaster
@rzmk8620
Жыл бұрын
Same fed said inflation is transitory, same fed today, believe whichever you want. They’ll print again, inflation will become stagflation. One word it’s Screwed.
@yakovmagby8110
Жыл бұрын
Standby next inflation will go way up
@ricardostoute9790
Жыл бұрын
So while one system of oppression breaks can we normalise people ditching european suits for their traditional wear??
@navajyotichetia8968
Жыл бұрын
Bank depositor saving tightrope walk shall finally snap the rope itself- because the depositor public is unimpressed
@JB-by1zl
Жыл бұрын
Consolidation and Leverage. Easy money.
@Claws716
Жыл бұрын
Feels like Deja vu 2008.
@whereisjustice5112
Жыл бұрын
Government should monitor bank executive. They should not allow to sell millions of share. Why banks in America never learn from past mistake? Because of greed and GOP.
@JD-ej8zm
Жыл бұрын
Thank Biden and DC!
@gordybishop2375
Жыл бұрын
No bank wants to work any more
@mikek2337
Жыл бұрын
If you have more than $250K all you have to do is deposit up to $250k in several banks. That way you're fully covered by FDIC since they insure up to $250k. Don't put all your money in one bank.
@nhanha7433
Жыл бұрын
The chairman is watching the committee. This guy we did vote and he had permanent position as chairman un change
@nhanha7433
Жыл бұрын
The bank is the livelihood of the market that connect to the consumers and as well as to protect passive industries and active industries aboard.
@nhanha7433
Жыл бұрын
The regulate about the existing businesses and companies and consumers across 50 states
@Fantom6400
Жыл бұрын
This is only gonna get worse.
@eddiefniii
Жыл бұрын
Let’s guess. All paid out huge bonus right before they close. Pathetic
@Arational
Жыл бұрын
When Trump cut regulations on regional banks with deposits between $50B and $250B, bank failures were inevitable.
@AGILISFPV
Жыл бұрын
Careful speak enough facts and you'll bring trumptards out of the woodworks
@iridefast1
Жыл бұрын
Sec Yellen has great hindsight. But isn’t her job to be in front of a crisis.
@donaldyoumans275
Жыл бұрын
Yellen has failed on every job she ever had..holy crap batman!!
@stevenhenry5267
Жыл бұрын
You are letting the banks off the hook. They knew damn interest rates would be going up years ago and they continued to make risky investments.
@soulfoodforthought9225
Жыл бұрын
Trust me, it's just the CALM BEFORE THE STORM.
@Richking213
Жыл бұрын
The sanctions are working so well against Russia… wait I meant to say the U.S 😂😂😂🤣🤡
@amossy_7958
Жыл бұрын
Other countries should start trading with other currencies, can’t trust the US dollars anymore
@josephgriffin2388
Жыл бұрын
The periodically bank failures have a name: The Yalmuka shuffle.
@janosik150
Жыл бұрын
I have no concerns....here are only consequences of Powell dumb policies
@wassupr0ckers
Жыл бұрын
Too big to fail
@Hitngan
Жыл бұрын
Get your money out before it's too late
@pioneerprepper2048
Жыл бұрын
How to start preparing. Take three days during the work week and turn off your electric and water. Make do with what you can and write down things you needed and didn't have or tasks that were difficult. After you have this list, research alternatives Eat, wear and consume cheaper. Choose cheaper meals to create room in your grocery budget to put back food. Wear second hand clothes or put a spending freeze on clothes shopping in order to make room to buy what you'll need for the future (especially if you have small children who grow frequently). Consume less electricity, gas, propane by finding alternatives. This may mean using a crock pot, hang drying clothes, using candles at night and opening windows for sunshine during the day etc. With the wiggle room you've created in those bills you now have some money to buy more food storage, medical supplies or invest in a small solar unit. Make an edc bag. This is something you will carry all the time (on your person or in your car) that could provide you with what you and your family need for 3 nights. Think about what you may put into an overnight bag if you were to stay at a hotel. This will ensure even if something happens and you're out you're able to shelter in place Understand how to take care of medical emergencies at home. Remember that in a major event, ems could be down or unavailable for sometime. While this is never the first line of defense in an emergency, understanding how to manage medical emergencies (high infections, deep wounds, pneumonia, asthma attacks, shock, 2nd and 3rd degree burns, poisoning, radiation sickness, torn ligaments, allergic reactions, excessive bleeding) while you wait on help can be life and death. Food, water, temperature control are your highest priorities. If faced with a major event where services are limited for more than 3 days, having stored food as well as a way to cook, a way to filter and store water, and a way to keep yourself cool or warm can be life altering. Please remember as we are entering or for some of us are already in uncertain times, having this foundation gives security as well as lowers stress. It allows us to feel more in control and gain a more positive perspective on not only our lives but the world. I'm willing to answer any questions from my own experience in the comments if you feel overwhelmed!
Пікірлер: 398