5 Steps to Avoid Bank and Crypto Failures

By Martin Weiss

Most people think their money is invulnerable to the kind of failure we saw in FTX, one of the leading institutions in the world of crypto.

Maybe they don’t invest in crypto. So, failures won’t affect them.

Not true.

In the Great Financial Crisis, cryptocurrencies didn’t even exist. And not only did major financial institutions go down, we warned investors about nearly every one well ahead of time.

On Dec. 3, 2007, I published an alert warning that “Bear Stearns has sunk its balance sheet even deeper into the hole, with $20.2 billion in dead assets, or 155% of its equity, and is threatened with insolvency.”

Thirty-three days later, Bear Stearns collapsed.

At around the same time, I also published an article warning that “Lehman Brothers is in similar shape because of an even larger $34.7 billion pile-up of dead assets, or 160% of its equity.”

Lehman collapsed 182 days later.

And that single collapse is what ignited the greatest financial crisis since the Great Depression.

We also warned well ahead of time about Washington Mutual, Bank of America, Citigroup and all the major banks that failed or required a bailout.

That was so long ago. Nor have things really changed very much. If anything, they’ve gotten worse.

For example, when Lehman Brothers failed, the U.S. national debt was barely more than $10 trillion (68% of gross domestic product).

Now it’s $31.4 trillion (122% of GDP).

Also, on the day Lehman Brothers failed, the U.S. Federal Reserve had almost never printed money. When it did, it was only in small quantities and only for very short periods of time.

Since then, it’s created $8 trillion in new paper (or electronic) dollars, bloating their balance sheet nearly 10-fold.

When Lehman Brothers failed, inflation in the U.S. was running at 3.8% for the year. Now, it’s more than double that level!

And still, Wall Street “experts” seem to think failures could never happen again.

Fortunately, there are some simple ways to protect yourself.

Step 1. Go to the Banking page of Weiss Ratings.com and check the safety rating of your bank, credit union or savings and loan.

Step 2. If you invest in cryptocurrencies, learn how to use a DECENTRALIZED exchange.

That way, it becomes next to impossible for any individual or group to play games with your money behind the scenes.

Step 3. Take direct custody of your money when you can — so no one else can ever touch it.

Step 4. Useyour DEX as a portal to the wider world of decentralized finance.

That’s where our DeFi Master, Chris Coney, is currently earning annual yields ranging from 9% to 44% or more.

Step 5. Tolearn about all of the above, be sure to sign up for a free seat at our Weiss Ratings DeFi Superyield Webinar.

We will start tomorrow, Tuesday, Dec. 13, at 2 p.m. Eastern.

So, you don’t have much time to reserve your seat and get ready.

Since you’re a Weiss Member, all you need is a single click here … and you’re all set.

I think it’s very important — both to reduce your risk and boost your yield.

So, I sure hope you don’t miss it.

Good luck and God bless!

Martin