As the axiom goes,
“Those who ignore history are doomed to repeat it.” And since our politicians,
bankers and citizens have ignored the horrifying events of just 6 years ago, the
United States and the rest of the world are about to repeat history in record
time. Greece is only the beginning! Recent data now confirms our worst fears:
the factors that led to the 2008 collapse of the banking system are back with a
vengeance. Only this time, it’s much worse than anyone imagined. With the
insidious help of politicians and The Fed, banks have secretly built up over
$30 TRILLION worth of the same toxic assets that destroyed our economy in 2008.
But this time, when the entire house of cards comes crashing down, neither the
U.S. government or the Federal Reserve have the resources to bail out the banks
and prop up the stock market. Thus, experts now warn: The global banking system
is on the verge of collapse! And there’s only ONE asset that can protect you.
The Real Cause of the
2008 Banking Collapse
The 2008 global
banking collapse was caused primarily by the big banks gambling on trillions of
dollars of toxic assets tied to the bubble real estate market. When the real
estate bubble popped, those toxic assets wiped out the banks. This caused the
entire global economy to collapse – trillions of dollars disappeared from
savings and retirement accounts around the world, and unemployment rates
skyrocketed.
The Fed-Manufactured
“Recovery”
Many experts scoff at
the notion we ever “recovered” from the 2008 global banking collapse. Millions
of people lost their life savings, families are still struggling with real
unemployment or underemployment, and an entire generation of young people are
graduating college with no career options. And as we now see, entire nations
like Greece are about to crumble because they never recovered from the debacle
of ’08.
So, when we speak of
“recovery,” we’re talking about banks and financial institutions. The fact is,
big banks “recovered” because politicians and The Fed pumped trillions of
dollars of YOUR money into the banks and the stock market. And not a single
fraudulent banker went to jail. So the banks hoarded trillions of dollars and
avoided bankruptcy, while the crooks on Wall Street rebounded to record levels
despite ZERO evidence of real economic recovery.
Just look at this
chart that follows the rise in the stock market right along with Fed
money-printing stimulus, from the bottom of the market in 2009 to the beginning
of Fed tapering in early 2014. Fed stimulus is marked by QE (quantitative
easing) on the chart:
So as you can see, the
stock market has been artificially inflated by The Fed pumping trillions of
your dollars into the banking system and the markets.
The Return of Toxic
Assets
Once the big banks got
trillions in government welfare and realized no one was going to jail, they
immediately set out to recreate the ungodly wealth they had enjoyed prior to
2008. That meant only one thing: banks began stockpiling the same toxic real
estate assets that had poisoned our global economy in 2008. Experts have
uncovered recent data that confirms the horrifying truth. As the chart below
demonstrates, toxic real estate assets are now 8 times the U.S. budget, almost
twice the national debt, and bigger than the entire U.S. stock market!
The Coming Global
Banking Collapse
As the big banks have
stockpiled over $30 trillion in toxic real estate assets, they are more
invested than ever in real estate. And while the mainstream media desperately
try to play down today’s real estate bubble, the simple fact is that most major
markets in the U.S. have seen a DRAMATIC increase in housing prices the last
two years. Meanwhile, median incomes in most major cities have DECREASED significantly
during this time.
In fact, according to
a new study by Trulia: rising home prices, stalling wages and tough mortgage
standards are making it more and more difficult for America’s middle class to
become homeowners. So how does a real estate market skyrocket when most people
can’t afford to buy a home? The simple answer: wealthy speculators, aided by
Fed-manufactured low interest rates, have created another real estate bubble
that cannot be sustained!
Experts now warn that
softening in the real estate market has already begun – just like it did in
2007 – and we are only weeks or months away from another real estate COLLAPSE!
And when real estate does collapse, that $30 trillion in toxic assets will once
again poison the banks.
This Time, the Safety
Net Is Gone
You might be sitting
back and thinking, “No problem. I might lose another 30% in my savings and
retirement like I did in 2008, but I’ll get it right back right away, just like
last time.” Think again. After 2008, The Fed and the U.S. government poured
TRILLIONS of dollars into the banks and markets in order to save the banks.
Today, both The Fed and the government are out of ammo. The fact is, we are
bankrupt. This is exactly why The Fed began tapering their stimulus programs.
And this is exactly what’s happening in Europe: there is no funny
money left to bail out collapsing countries like Greece!
So as the coming
collapse of the global banking system is upon us, don’t expect a recovery – not
for the big banks and not for you. And 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! THIS collapse could be deeper and longer-lasting than
any we’ve seen before – even worse than the Great Depression!
Your Only Protection
from Banking Collapse
So, how do you protect
yourself when the entire global banking system collapses? The answer: Put a
percentage of your savings, retirement & wealth in Gold & Silver – the
#1 asset class that sits OUTSIDE of the global banking system and in fact GROWS
when paper assets fail. Just look at recent history for proof: 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 corrupt banking system and
prop up the stock market? Can you really endure an 80% loss of your savings,
retirement or wealth? Wouldn’t you rather GROW your wealth while everyone else
loses theirs? Then get into Gold & Silver. NOW. Before it’s too late for
you and your children.
No comments:
Post a Comment