Step One: Between now and the first of April, roughly half-a-million Americans who mostly have in excess of $250,000 in their bank....mostly connected to their retirement, farm, or business....would go and ask for the money in cash. Primary aim....to deposit it into their safe deposit box.
Banks would strongly caution people NOT to do this. Then most banks would say that they will cooperate but right now....the max in cash to release is $10,000. Overnight, this will scare the crap out of most Americans.
Step Two: As the limit is established and you realize....it's $10,000 for a two-week period.....the next rush will occur with people using money in the bank to buy crypto currency, gold, silver or attempting to move partial amounts to other banks.
Step Three: Around 10 days into this business, the President gives some address that a special trillion-dollar deal is struck...saving everyone. Oddly, they still want you to leave your cash in the bank, and not remove more than $10,000 a month.
Step Four: Zero confidence in President comes up about five days into the trillion-dollar gimmick. Bitcoin by this point will be near $100,000 per coin. Gold will be near $3,000 instead of the $1,750 price in mid-Feb.
Step Five: By the beginning of May, the economy has become stagnant. Credit cards and ATM cards work....but getting cash is fairly difficult. The DOW by this point has dropped around 4,000 points.
It's not so much that companies are weak.....it's just that more than 160 bank institutions have gone to a level where they can't provide cash any longer.
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