If you have deposits over $250,000, you should take steps to secure your money. The FDIC does not cover over that amount.
The real estate market will not hold up, but if you have no other options, it is a place to secure your money.
Or buy lots of food if it gets that bad might be smart.
buy Treasuries - rates are good thnxs to Jay Powell and backed by gov’t.
The FDIC can cover a few banks. A systemic failure and lowly depositors of the LAST to get anything if any assets are left. Even with the FDIC line of credit in the billions, they can only cover 2% of all deposits.
One day, a brick of ammo might very well be worth more than a brick of gold.