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Inflation everywhere. Any tips?
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@John Ramey Should we withdraw $9,995.00 cash from our individual banks/credit unions on Monday 3/13/2023?   I personally may do just that. Re: Failure of Silicon Valley Bank.   Latest info states that gov’t WILL bail out the customers for the full extent of their holdings in the bank.   They will not reimburse the owners/shareholders of the bank.     Initially Janet Yellen said 12 hours ago that these customers would not be reimbursed above the $250,000.00 FDIC limit.   Gov’t is worried that runs on smaller banks could prove “troublesome” and begin a cascade of effects on the banking system.    In California, and maybe in USA as a whole, customers are limited to $9,999.99 cash withdrawal each day without having the withdrawal reported to the IRS.   The bank may report a “suspicious” customer, regardless, if the amount is $2,000.00 or more.  This traces back to a law regarding money laundering.  (Of course the issue is far more complex, but this is the gist as I understand it.) I have very limited knowledge of financial matters.   I remember that the founder of theprepared.com was a man from Silicon Valley – @John Ramey.  Mr. Ramey  is undoubtedly very knowledgeable on this exact situation.    If so, would Mr. Ramey or a financial expert please weigh in about this issue. The news takes great care to describe this bank failure as a unique event because the depositors were “mostly technology workers and startups …. such as Roku” and had exposure to cryptocurrency and a limited pool of wealthy depositors.   “Depositors will have access to all of their money starting Monday, March 13. No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer.” Just 2 days ago, I was joking with family members that the time to run for the hills is when the government soothingly states that “there is no need to worry–we’ve got this”.  


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@John Ramey Should we withdraw $9,995.00 cash from our individual banks/credit unions on Monday 3/13/2023?   I personally may do just that. Re: Failure of Silicon Valley Bank.   Latest info states that gov’t WILL bail out the customers for the full extent of their holdings in the bank.   They will not reimburse the owners/shareholders of the bank.     Initially Janet Yellen said 12 hours ago that these customers would not be reimbursed above the $250,000.00 FDIC limit.   Gov’t is worried that runs on smaller banks could prove “troublesome” and begin a cascade of effects on the banking system.    In California, and maybe in USA as a whole, customers are limited to $9,999.99 cash withdrawal each day without having the withdrawal reported to the IRS.   The bank may report a “suspicious” customer, regardless, if the amount is $2,000.00 or more.  This traces back to a law regarding money laundering.  (Of course the issue is far more complex, but this is the gist as I understand it.) I have very limited knowledge of financial matters.   I remember that the founder of theprepared.com was a man from Silicon Valley – @John Ramey.  Mr. Ramey  is undoubtedly very knowledgeable on this exact situation.    If so, would Mr. Ramey or a financial expert please weigh in about this issue. The news takes great care to describe this bank failure as a unique event because the depositors were “mostly technology workers and startups …. such as Roku” and had exposure to cryptocurrency and a limited pool of wealthy depositors.   “Depositors will have access to all of their money starting Monday, March 13. No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer.” Just 2 days ago, I was joking with family members that the time to run for the hills is when the government soothingly states that “there is no need to worry–we’ve got this”.  

After extensive research over the past 10+ years, I personally feel safe letting my beloved family members take many UNOPENED OTC (over-the-counter) medications and prescription medicines 5-15 years after the FDA’s artificially imposed “best by” or “use by” or “expired by” dates.  Research by a government program on 40 year old prescription meds show there is generally only a small loss of potency over time, but very little risk of harm that can occur from taking “expired” medications.  There are some very important exceptions to this: Albuterol or albuterol products – do NOT use past expired-by dates.  The efficacy drops off sharply and you might as well be using water for example.   EPIpens – do NOT use past expired-by dates.   Again, the efficacy drops off sharply. Insulin used to control blood sugar in diabetes may be susceptible to degradation after its expiration date.Oral nitroglycerin (NTG), a medication used for angina (chest pain), may lose its potency quickly once the medication bottle is opened.Vaccines, biologicals or blood products could also be subject to quick degradation once the expiration date is reached. Pills or tablets are generally ok for longer shelf life than liquid products “in solution”. Best rules for storage:  1)  Write the date you purchased it on the medication.   2)  Store away from sunlight, moisture, hot temperatures.  (for example, in a closet in an air conditioned home.  NOT in a bathroom where it gets steamy, NOT in a garage/attic etc. that is exposed to heat over 75-80 degrees F.  NOT in a automatic, self-defrosting refrigerator/freezer.    3)  Generally colder temps are not a problem, as long as there is no associated moist conditions. SLEP (shelf life extension program) is a government run study to determine which drugs can safely be extended when stored for emergency government use.   Links to abstracts on this topic


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