Bankster Suicides and Bank Run
I suggest a working cash allocation of 1/3 in local bank, 1/3 in local credit union, 1/3 in mattress. If one goes down the other will probably keep you solvent until the crisis passes. This applies to normal bill paying money, not long term wealth preservation or doomsday prep, etc....
In a financial collapse the one entity that will remain (like cockroaches) is government and the one debt that will not be forgiven is taxes (the last debt to be forgiven) so if you want to stay in your home and out of IRS fEMA prison, and you think your assets will be fozen or Corzined, then hell yes prepay them. If you plan on going rogue, then prepay for nothing but ammo.
Posted by Nicole Bourbaki