Yeh man, I have much family around me who are sitting ducks...from all their money in the market, to all their life savings in one single bank account, etc, etc....no one actually HOLDS anything, it's all 3rd party.
Get this ---> a close friend of mine invested $50k in a private-equity weed-medicine company a few years ago....her 'friend' is the GM....shares worth now well over $650k. Classic example of paper profits. I warned / encouraged her last year to cash out some (not my money i said, but please take some profits)....prompted her again end of last year, again and again....prompted her again in Feb-25 and she saw the light.....get this - 4 weeks now and her GM 'friend' has failed to return her calls/emails for share redemption. What I'm saying, is this example is a mere microcosm of what awaits the millions and millions of investors when true SHTF. Once this thing goes down, we'll go to bed one Friday night and by Monday it will be over, done, the carnage and chaos will be in and there is ZERO chance you'll get your money.....just like Silicon Valley bank.....people have no idea how this goes down...it will be like light-speed.....the window is closing for everyone to prepare their defense.
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