Do You Depend on Payments Only by Credit or Debit Card? That's Not Good

Twenty banks in six countries on five continents suffering from outages. Some of the banks had outages multiple times, some banks had outages for mostly the whole day! Can you imagine the unhappy customers? The reasons for that were hackers, stupid human mistakes, mistakes in system designs and there were banks, which did not give any reason for their non-service (read more here).

Can you imagine that you want or need to pay something, and suddenly your credit card is not working anymore!? Or you want to pay your mortgage, but your bank is hacked, broken down, someone screwed up, wrong system, mistakes, broke, or whatever reason they can't give you your money anymore.

If I was you, don't rely on the banks only for your money. The same for bonds, shares and other investments. Get some money in cash or in gold and keep it somewhere. Because with this president (with his repeatedly self-inflicted disaster-tendencies) might likely very soon crash the economy. And if the economy is crashing, your credit cards will be worth ... nothing. And your savings gone, and your bank account not accessible anymore and you loose everything and end up broke.

Oh, and if you consider your pension, consider again. The Democrats are looking at your pension at this very moment.

I only want to warn you that this might happen. Just as I warned that pregnant women must not get any COVID-19 vaccination if they don't want to lose their babies.