Spend it now on things you can own and use before its toilet paper. I bought a farm, tractor, tools, food pantry, guns , ammo, alcohol, seeds, propane, generator, fuel etc.

The more self sufficient the better and don't pay your taxes, create a church and get the 5013C exeption while your at it to waive taxes at the store. Its not hard, then buy things people will want when it all turns to more shit than it is now.

This will be a very quick post.

The major banks all engage in derivatives - which is "investing" (speculation) in stock, options, credit, commodity, currency indexes - i.e., speculation on the direction of the market. Many will refer to this as "hedging" against a risk. Here is a quarterly report on the derivative positions of the major banks.

• https://www.occ.gov/publications-and-resources/publications/quarterly-report-on-bank-trading-and-derivatives-activities/index-quarterly-report-on-bank-trading-and-derivatives-activities.html

Open up the current report - go to table 13 on page 18 about half way into the report. Take a look at the top 5 banks. Just take a look at #1 - JPMorgan Chase Bank - $3 trillion in assets with $52 Trillion in derivatives (the numbers are in millions). The total size of the US economy is only $23 Trillion in 2021. The derivatives do not include mortgages, business loans, or credit cards.

What do you do? Put the funds in to a smaller regional bank with 1) NO DERIVIATIVES 2) a low Texas Ratio OR into Credit Unions - who do not engage in derivatives. Note that credit unions may use a commercial bank for various transactions.

The texas ratio is a measure of good loans as a % of the banks assets - 100% is bad less than 5% is good. You can look up your bank here on this site. Scroll down to the "Health Grade Components" and you will see texas ratio - click on it. Also check on texas ratio trend and capitalization, etc.

• https://www.depositaccounts.com/banks/stearns-bank-national-association.html

Deriviative counter parties have first call on the bank's assets - which are the deposits - to cover their derivative losses. So, the bank gives your deposits to their creditors to cover their losses. Then they convert all the deposits into their stock and go bankrupt. FDIC insurance does not cover bank stock, so the FDIC insurance is worthless (plus the FDIC has 99 years to cover the deposits even if they were covered).

This is called a Bail IN - as opposed to a Bail OUT that was done back in 2008 to 2010. The Federal banking laws have change over to bail in since everyone complained about the bail outs given the banks.

Regardless - we are screwed, blued and tattooed.