Q&A #1

Ask and thy shall receive

From Tuomas Malinen’s Forecasting Newsletter.

Questions answered:

1. Which banks will be safe?

2. What will happen to my deposits, loans and assets if the bank fails?

3. What will happen to the U.S. dollar?

I continue to receive a barrage of questions on a weekly basis concerning the crisis. I hope that people would understand that I have very limited time to respond to individual inquiries. Fortunately, most of the questions concern the same issues. That’s why I decided to publish my first Questions and Answers -piece. Please also acknowledge that this is my job, respect my time and be willing to pay for the information I (us) provide.

On Saturday, I published my first online lecture on the crisis. The series is likely to consists of 3-4 lectures, or tutorials. I felt that it’s my responsibility, as a financial crisis expert, to explain what has happened and to warn the general populace of what’s likely to come next. Those following my (our) newsletters naturally know everything, and more. You were also warned some weeks prior the SVB collapse on the fragility of the U.S. banking system.

That’s essentially what (I) we are in service for. That is, to warn and to educate how to prepare. To continue on that line, in this my first-ever Q&A, I will comment on the following questions: Which banks to trust, what happens to my money (deposits, loans, assets) when a bank fails, and what will happen to the dollar?

Let’s dive in.

Which banks to trust?