Big Banks Gamble with YOUR MoneyCredit default swaps were invented by banking conglomerate JP Morgan in 1994. Simply put, a credit default swap is an unregulated type of insurance policy against loans going bad. So as banks wrote millions of dangerous loans during the housing bubble, they made an unbelievable fortune selling insurance policies – swaps – on those loans.
But there’s one HUGE problem: When you sell insurance policies, you better hope that most buyers don’t need to collect on them. It’s just like earthquake insurance: as long as there’s no earthquake, insurance companies make a fortune on earthquake insurance. But as soon as there’s a massive earthquake, insurance companies suddenly go out of business and homeowners are left holding the bag. This is exactly why Warren Buffet called swaps financial WMDs – because they are as destructive as an atomic bomb.
What’s worse, other financial institutions had all kinds of counterparty arrangements with these massive banks, so the whole entire system fell like a house of cards. And you, the American taxpayer, spent trillions of dollars to bail out the “Too Big to Fail” criminal banks. But not before the entire global economy collapsed during the 2008 crisis, costing average Americans trillions in their investments and retirement accounts.
History Is About to Repeat Itself – Only WorseThe scary truth is, nothing has changed. In fact, things are now MUCH worse than in 2008, despite Buffett’s warning. After YOU bailed out the banks and not a single banker was put in jail, the banks turned around and reopened the casino doors. Today, the largely unregulated credit default swap market is now a staggering $30 TRILLION and growing! How much is $30 trillion? Take a look:
So what happens THIS TIME when $30 trillion in financial weapons of mass destruction blow up in the bankers’ faces? Well, one thing is for sure: Governments and central banks no longer have the bankroll to bail out the banks! So that only means one thing: Total collapse of the global banking system!
If you thought a 20-30% dip in your portfolio was bad after 2008, try an 80% collapse when the banking system completely falls apart! Or, the entire financial and banking system comes down like a house of cards. Total meltdown. And this time, The Fed and the U.S. Government won’t be there to prop up the stock market and recoup your gains after just a few years. THIS collapse could be deeper and longer-lasting than any we’ve seen before – even worse than the Great Depression!
Protect Yourself Now, Before It’s Too LateDon’t fool yourself into believing you’re protected just because you are not personally invested in the financial weapons of mass destruction. Just like in 2008, when the giant banks and other financial institutions collapse due to bad bets on credit default swaps, ANYONE invested in bank-issued paper investments will be taken down with the banks. This includes everyone from national governments to large institutions to average savers & investors.
As evidence, Gold DOUBLED in the years after the financial collapse of 2008, while Silver increased over 5 times during the same period!
So remind yourself what it was like when Lehman Brothers and Bear Stearns collapsed and your entire portfolio took a nosedive after 2008. Are you willing to go through that and worse, knowing that the U.S. Government and The Fed no longer have enough money-printing ability to once again bail out the financial markets and prop up the stock market? Can you really endure an 80% loss of your savings, retirement or wealth? Wouldn’t you rather do what Warren Buffett did and GROW your wealth while everyone else loses theirs? Then get into Gold & Silver. NOW. Before it’s too late for you and your children.
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