Today there is news that HSBC system failure has caused tens of thousands of workers did not get paid on time.

As I have warned before, “IT YOU CANNOT TOUCH IT, YOU DON’T OWN IT”.  Most Western financial systems, including banking, stock markets, bonds, paper derivatives, loans, etc…. are part of a gigantic Ponzi scheme to steal money from millions of people and transfer it to the elites.  As technology “advances”, we hear more negative news about bank systems being compromised through hacking; or online banking closure due to IT glitch.  If you still have substantial amount of cash in your bank account, take them out.  If you still have paper products, i.e. stocks and mutual funds, sell them.  Leave just enough cash to pay monthly bills.

When they declare national financial emergency, which is preplanned by the bankers, your retirement and saving accounts will be transferred overnight to “bail-in” the  banks.  Once you put your money in your bank, you are considered Unsecured Creditors, not depositors.  This means that you are the last in line to claim the bank’s assets in the situation when the bank fails.

Consider my advice How to survive in the coming collapse which I posted in 2014.