2014 Global Economic Collapse
Everyone knows that the 2008 Global Economic Collapse was caused primarily by banks’ unregulated casino-style gambling. Instead of blackjack and slots, the banks bet massively on financial derivatives known as a "credit default swaps," which Warren Buffett famously called "weapons of financial mass destruction." But what most people don’t know is that the criminal banks are ignoring Buffet’s warning and once again betting massively on swaps, to the tune of over $30 TRILLION – 8 times the budget of the United States Government and more than the entire value of the U.S. stock market! Now that the banks have reopened the casino doors, experts predict that these financial WMDs will take down the global economy worse than we’ve ever seen. And there’s only ONE THING you can do to protect yourself.
Criminal Banks they are!
They pull all sort of dirty tricks,
with YOUR money.
An example is when,
they do not have enough money
in their bank to pay the depositors,
if more than a few of them want to withdraw. They are ONLY required by law,
to keep 10 % of the deposits.
They use the rest to by various investments, with YOUR money,
but put the profits in their pocket.
This is called fractional reserve banking.
Big Banks Gamble with YOUR Money Credit 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.
The word "unregulated"
should send up signs of panic!
WMD as
destructive as an atomic bomb for sure!
And here’s what happened: When the housing bubble burst and millions of loans when bad, banks were suddenly on the hook to pay the swap-buyers hundreds of billions of dollars. And just like earthquake insurers, they didn’t have the money to pay them.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.
Lots of unsuspected people lost their home,
and their equity,
due to this "swap-buyer" program.
History Is About to Repeat Itself – Only Worse
The 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:
U.S. Yearly Budget: $3.5 trillion
U.S. National Debt: $17 trillion
U.S. Stock Market: $23 trillion
Credit Default Swaps: $30 trillionSo 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!
Most people do NOT study the past, so
they continue to make the same old mistakes!
What does total collapse
of the global banking system" look like?
It sure "ain't good"!
Our money will hit stagflation,
so will become worthless!
We will have to pay $5 for a loaf of bread; gas will cost $20 per gallon etc.
If people do NOT HAVE A HEDGE,
THERE WILL BE
FIGHTING TO BUY NECESSESITIES,
which will be gone from the shelves!
There will be rioting,
you will be unsafe in your own home!
Your better buy a gun; people are desperate when they can't find food!
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
cars. 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!
Our parents lived through
the "Great Depression"!
They could tell you what it was like!
Everyone was dirt poor!
There were no jobs.
Investors were jumping out of buildings!
Protect Yourself Now, Before It’s Too Late
Don’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.
"bank-issued paper investments"
will be worthless!
Paper money is counterfeit;
the federal reserve,
prints it
at the direction of the president.
It is called "fiat money"!
The president does not get hurt, as
he is at the top of the pyramid scheme!
This pyramid
will make Madow look like a penny game!
The government put him in jail!
That is what
WE THE PEOPLE
must do to the Obama administration!
THEY NEED TO HANG!
Gold cost $400 per ounce about 10 years ago! Today it is over $1,700. Why?
NOT because it became any more valuable;
it is because the dollar was way down.
In 1923 $1 would buy,
what today costs $10,000.
Scary hey?
As evidence, Gold nearly TRIPLED 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. (Call 800-226-8106 to receive your free copy of Damon Geller's popular book, "Rescue Your Money from the National Debt Disaster," or see below)
Written by Damon Geller
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