Reddit Reddit reviews Conquer the Crash: You Can Survive and Prosper in a Deflationary Depression

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Conquer the Crash: You Can Survive and Prosper in a Deflationary Depression
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1 Reddit comment about Conquer the Crash: You Can Survive and Prosper in a Deflationary Depression:

u/noobahoi ยท 2 pointsr/economicCollapse

PayPal is a company with a banking license in Luxembourg/Europe. My interpretation is that PayPal is a bank. I am not familiar with the Amazon 'banking account system' but I would assume it's similar like a bank.

There is no 100 percent guarantee and even cash can be worthless (depending on which 'crash phase' you are located). You have to be flexible and diversify.

That said I wouldn't want to have a huge amount of money on a banking account (or Amazon/Paypal) because if they go bankrupt you won't get a lot of money out of it.

The next crash will likely be a deflationary depression at first so I recommend you to read books about that scenario. E.g.

Conquer the Crash: You Can Survive and Prosper in a Deflationary Depression

https://www.amazon.com/gp/offer-listing/0470870907/ref=dp_olp_used?ie=UTF8&condition=used

which is available used for around one dollar. The book is a little bit older but the mechanisms can be brought to todays world.