Loading ...I don’t think the California banks would like a bank run on your savings they lend out what 90 percent of that money for high interest returns while they pay you practically zero in interest to now would be negative interest which it basically already negative with inflation, current taxes on anything and dollar devaluation.
Then of course you could have the threat of some kinda default and what do they do with that, if we look back in time at what they did to other countries or gold confiscation for cash. They shut down withdrawing your money to a limited amount then reset the currency devaluing the money they are withholding from you so you can’t get out in time to exchange or invest it to protect your years of saving and then it’s suddenly lost 70 percent of its purchasing power before they release it or they decide they’re going to take a certain percent. They are basically already doing that but in slow motion.