A lot of great ideas here, so my contribution will be more modest.
Since the Cyprus financial crisis in 2012/13 (anyone remember that) I've been very focused on bank runs, bail-ins, negative interest and frozen consumer accounts.
I think if a banking crisis hits the West, the most likely thing to happen is that accounts will be semi-frozen like they were in Cyprus (a paltry limit per day in withdrawals allowed and no more) to prevent bank runs and to facilitate bail-ins.
As a result, I've been keeping a good portion of cash, in both US and Canadian notes (a few thousand) in my house instead of in a bank.
I've also been looking into storing a portion of my savings in something non-traditional to hopefully escape any such actions. Crypto almost was that place, but it got way too volatile.
Just some things to think about.
Since the Cyprus financial crisis in 2012/13 (anyone remember that) I've been very focused on bank runs, bail-ins, negative interest and frozen consumer accounts.
I think if a banking crisis hits the West, the most likely thing to happen is that accounts will be semi-frozen like they were in Cyprus (a paltry limit per day in withdrawals allowed and no more) to prevent bank runs and to facilitate bail-ins.
As a result, I've been keeping a good portion of cash, in both US and Canadian notes (a few thousand) in my house instead of in a bank.
I've also been looking into storing a portion of my savings in something non-traditional to hopefully escape any such actions. Crypto almost was that place, but it got way too volatile.
Just some things to think about.