So I didn't post about this earlier, but last Friday, my wife's uncle, who works in the Washington, DC area alerted our family that he knows a man who works in financial services and who has security clearance at the Pentagon, and that this man was telling everyone who would listen to get out of the stock market before next Wednesday.  I thought nothing of this "Uncle Intel" until I saw an article today on CNN.

https://www.cnn.com/2022/03/14/investing/russia-economy-default/index.html

Russia has sent the clearest signal yet that it will soon default — the first time it will have failed to meet its foreign debt obligations since the Bolshevik revolution more than a century ago.

The default could come as early as Wednesday, when Moscow needs to hand over $117 million in interest payments on dollar-denominated government bonds, according to JPMorgan Chase. Although Russia has issued bonds that can be repaid in multiple currencies since 2018, these payments must be made in US dollars.
...
"Russia has the money to service its debt, but cannot access it," she said during an interview on CBS' Face the Nation.
...
But the potential consequences of a default are difficult to gauge. The 2008 global financial crisis and the coronavirus pandemic showed how negative shocks can spread across the modern interconnected global financial system and economy.

International banks are owed more than $121 billion by Russian entities, according to the Bank for International Settlements. European banks have over $84 billion total claims, with France, Italy and Austria the most exposed, and US banks owed $14.7 billion.
...
But analysts at Capital Economics warned that one major financial institution might be particularly exposed to Russian debt, which could cause broader financial contagion. A second risk is that a default could trigger missed payments by Russian companies.

Vladimir Potanin, Russia's richest businessman, called last week for Moscow to ease restrictions on foreign currency so that interest could be paid on foreign bonds and loans. Otherwise, there was a risk the country could default on its entire external debt, which he estimated at about $480 billion.

Could this unnamed "major financial institution" be Bear Stearns 2.0?

Given the fragile state of the economy (caused by the Plandemic) and that Russia could just state that they won't pay back any of their debt, this could very well happen next Wednesday as this friend of my uncle indicated.  Again, this man was reportedly telling everyone who would listen to get their money out of the stock market before next Wednesday.

When the news of the US biolabs broke, the BRIIC countries represented most of the countries demanding an investigation.

Thx for the info.

You're welcome.

They've used extremely low (depressed) interest rates to dissuade people from saving and also from saving in traditional bank accounts.  So the vast majority of Americans have their retirement plans stuck in stock-based 401Ks.  That's done by design so that when the time comes they can wipe out the savings of most Americans.

I saw this yesterday on CNBC which I just happened to flip to for a second, which might lend some credence to the OP.

You're welcome.

They've used extremely low (depressed) interest rates to dissuade people from saving and also from saving in traditional bank accounts.  So the vast majority of Americans have their retirement plans stuck in stock-based 401Ks.  That's done by design so that when the time comes they can wipe out the savings of most Americans.

Any retirement portfolio needs to be diversified --- "don't put all your eggs in one basket" --- and have a certain percentage in low-yield investments such as Treasurys --- with the level of risk you think you can endure.  Someone who puts all of their 401(k) in high-yield, aggressive stocks can lose much of everything they ever worked for.  Don't be that person.  As a rule of thumb, the older you are, the less risky your portfolio should be.  I've already gotten my hair mussed by the 25% I have in stocks, but it could be worse.  Markets always trend upwards.

Of course, if all of this is a prelude to the Apocalypse, then all bets are off, but at the end of days, it wouldn't matter anymore.

So, has it happened yet?

Not yet but the day is still young.

At 31, I've already accepted that I won't be seeing my retirement fund.

Yep, and I'm pretty sure, at 53, that I won't see a dime of social security or any retirement or pension.

Within weeks if not days, the US dollar will be collapsing hard.

Then the US will have to print more dollars to service its debt, and the hyper-inflation cycle begins.

That cushy standard of living we've gotten used to is toast, swirling down the toilet as we speak.

And it'll usher in the collapse of the global economy.  China even depends on US consumers to keep its economy afloat.

This was by design to usher in their Great Reset and Build Back Better and a global currency.

Whole point of the Russian invasion, as I surmised from the beginning, was precisely to collapse the economy.  This way they can blame Big Bad Putin instead of the real Jєωιѕн / Globhomo culprits engineering the whole thing.  That is exactly why they demonized Putin so badly ... to make the charges stick and then people can channel their hostility regarding the economic collapse against Putin, instead of the Jєωs who actually orchestrated the whole thing.