Tim Cook warns of US crisis: ‘I’ve never seen anything like it’ and Musk agrees. Shockproof your hard cash today

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When the CEOs of trillion-dollar companies issue the same warning, investors may want to pay attention.

First, it was Tim Cook, the former CEO of Apple (NASDAQ:AAPL).

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"This is a hundred-year flood," Cook told The Wall Street Journal in an interview in June (1). "I've never seen anything like it in any area in over 40 years."

The warning came as Apple prepared to raise prices on its products to offset surging costs for memory and storage chips used in iPhones, Macs, iPads and other devices.