It does seem like the financial system is severely stressed. Near collapse? How would you know? This thread goes back to 2007. The system has been on the verge of collapse for 15 years, reading some of the older posts. If you had pulled your money out of the system at that time you would have a mattress full of money and would have missed out on some pretty good bull markets.
People have been predicting collapse for all of my adult life. Social Security going to go bankrupt, US to default on debts. But a chart of the market shows a nice linear rise (minus a few bumps) for 80 years.
Best bet is to diversify but don't panic. You'll probably never predict it right either way.
This is true, diversify and prep, but dont withdraw all your Funds and stuff them in your mattress (generally speaking).
However, the current Situation seems like a larger recession is more possible than 5 years ago. Im going to prep a bit more than in previous years. Im keeping more Funds liquid than in previous years.