Ditch the Hopium: The Financial Checklist for Surviving the Financial Dumpster Fire

#### **Banking Stuff**

#### 11. **Did They Tell You That When You Deposit Money, It’s Just an IOU?** - ** ☐ Yes** - ** ☐ No** You deposit money into the bank, and you think it’s safe. In reality, they’re giving you an IOU while they go gamble it in the financial casino. It’s out of your hands the moment it hits their system, and when things go south, guess who’s at the mercy of the bank? You. #### 12. **Are You Being Told Your Bank Statement Is Just an IOU?** - ** ☐ Yes** - ** ☐ No** That polished bank statement you get every month? It’s basically just an IOU. Your money isn’t sitting safely in a vault—it’s out in the world being used by the bank. And if they can’t cover their bad bets, guess who loses? You. Your monthly bank statement is nothing more than a polite letter telling you how much they owe you, but the actual cash? It’s gone. #### 13. **Did They Mention That Banks Are Sitting on $1.5 Trillion in Commercial Real Estate Debt, $500 Billion in Insolvent Bonds, and Hundreds of Billions in Zombie Corporation Debt?** Banks are currently juggling $1.5 trillion in commercial real estate debt, $500 billion in insolvent bonds, and hundreds of billions in zombie corporation debt. And when those debts come due, and the banks can’t cover the losses, your deposits could be at risk. But don’t worry, they’ll still send you that nice IOU statement each month. - ** ☐ Yes** - ** ☐ No**

####14. **Did They Explain What Happens in a Bank Bail-In?** - ** ☐ Yes** - ** ☐ No**

In a bank bail-in, the bank can take your deposits to cover their losses when they’re in financial trouble. So, when the bank needs a quick cash infusion, guess whose money they’re coming for? Yours. They freeze accounts, hold your funds, and you’re left hoping they let you back in.