Global Banking System on the Verge of Total Collapse
BY DAMON GELLER
WholesaleDirectMetals.com
7/15/2015
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
damon_geller_authorThe 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”
The Rest…HERE
