It’s important to understand what caused the financial crisis and the Great Recession. But it’s absolutely critical that you know who aided and abetted the leveraging and implosion of the U.S. banking system and the economy.
Because it’s going to happen again and again if the guilty parties aren’t identified and the power they wield over America and our future isn’t dismantled once and for all.
In fact, a crash is brewing that could make the crisis of 2008 pale in comparison.
2018 could be the year of the greatest economic crisis of the century. Jobs will suffer, the housing market will spiral downward, and millions of American seniors will face bankruptcy, but if you know how to prepare, you’ll be one of the few lucky ones. You can learn more about how to protect yourself here.
But who are the guilty parties who let the 2008 crisis happen? They are the people and institutions that gullible Americans believe are our protectors.
If you’ve spent any time here at Money Morning, you’ve likely heard of our spectacular panel of experts.
If you haven’t, let us introduce just a few of them:
Keith Fitz-Gerald, editor of High Velocity Profits, who, as of just last week, gave his readers a chance to score 27 triple-digit and 37 double-digit winners this year alone.
Followers of Michael Robinson’s Radical Technology Profits had the chance to capture a staggering 400% gain on one part of a Square Inc. (NYSE:SQ) recommendation back in March 2018.
And, of course, our very own Shah Gilani, editor of Zenith Trading Circle, who gave his readers the opportunity to snag a record-breaking 1,156% and a 1,138% win on two halves of a Fossil Group Inc. (NasdaqGS:FOSL) play, respectively, in February 2018.
And now, there’s a new kid on the block – and you’ve never seen anything like him.
When Stuart Varney asked Shah Gilani what he thought of the market’s current momentum, and if it would last, Stuart already knew Shah’s answer: YES.
Referred to as a “raging bull” even in the most volatile of markets, Shah Gilani knows with confidence that this momentum we’re seeing in the market is anything but short-lived. Earnings are fantastic, consumers are in good condition, benchmarks are reaching higher highs… What more could you ask for?
Then, on this latest episode of Varney & Co., the panel of experts discuss Amazon.com Inc.the panel of experts discuss Amazon.com Inc. (NasdaqGS:AMZN)’s next shocking milestone: a share price worth a staggering $3,000. When will this hit? Listen carefully; Shah drops exactly when he thinks it will happen… Click here to watch…
You know three major things that led to the financial crisis ten years ago:
How Bear Stearns’s two credit hedge funds failed;
That Bear itself was similarly leveraged and savagely attacked by its competitors, and;
Who stood to profit from Bear’s demise.
Now, you’re ready to learn the frightening truth about what happened next.
This is the real story about how the entire investment banking, commercial banking, and shadow-banking interconnected sandcastle was leveraged by hundreds of trillions of dollars.
But before we get into it, let’s talk.
If you were an investor during the crisis, you likely lost a lot. But now, you’ve got me on your side. And I know how to play the market up, down, sideways, and zig-zagged.
In my elite trading research service, I research and recommend companies (usually the worst of the worst) so my readers can have the chance to profit from their demise – and the results have been astounding.
Just in February, readers had the chance to grab a 1,156% and a 1,138% win on two halves of a FOSL play, respectively.
So, needless to say, if the market slips, we’ll be prepared. And sometimes, we’ll want it to wobble a bit. You can learn more about that here.
Now, let’s dive in: who let the Great Recession happen, and why?
Now that you know who had the power to let Lehman Brothers Inc. fail and why, you need to understand how Lehman and the other banks got so bloated on mortgage-backed securities and derivatives in the first place.
Because, when you learn who aided and abetted the leveraging of both Main Street and Wall Street, who really gambled America’s future by letting the financial crisis and the Great Recession happen, and what was gained by it, you’ll understand who really runs this country.
This is the story you were always afraid was true.
Make no mistake about it; while not everyone on Main Street who bought homes and flipped houses knew they were playing a dangerous game, almost everyone on Wall Street playing the mortgage game knew it was a calculated gamble.
In a recent Wall Street Journal article, an esteemed English mathematics professor claimed, “Don’t believe the algorithm.”
After debunking the use of a face-detecting algorithmic technology used to attempt to identify wanted criminals at a street party in London, the professor determined that the algorithm had a “paltry success rate.”
Though that particular algorithm did indeed have a poor success rate – correctly identifying only one wanted criminal out of 96 individuals flagged at the party – here at Money Map Press, there’s a different kind of algorithm that makes all others pale in comparison…
Not sure what we’re talking about?
Well, what if we told you that there is a successful algorithm out there, one with a staggering success rate of 93%… And with its help, you can make thousands of dollars each week with just the push of a button.
Something like that certainly sounds too good to be true, but after eight painstaking years of back testing and the enlistment of a team of incredible mathematicians, physicists, and engineers, this algorithm has the potential to produce life-changing cash.
Despite the ravaging volatility that has been commonplace since the beginning of 2018, the market is currently at its highest point. Pessimistic investors may scoff and say that a bearish plunge is just around the corner, but not Shah Gilani. Known as a “permabull,” Shah declares that the market won’t be declining anytime soon; rather, we should expect to see fresh highs over the next few weeks.
On this week’s episode of Varney & Co., there’s nowhere to go but higher. Except, of course, for Tesla Inc. (NasdaqGS:TSLA). Tesla’s CEO, Mr. Elon Musk, is facing what could evolve into criminal charges; the Department of Justice has him cornered, and if things go south, it won’t bode well for Tesla’s already-teetering stock… Click here to watch…
Ten years ago this week, Lehman Brothers Holdings Inc., one of the largest investment banks in the world, filed for bankruptcy.
You might think you know what happened to Lehman, what caused the financial crisis, how the U.S. Treasury and the Federal Reserve saved the banking system and stopped the Great Recession from turning into another Great Depression, and how we’re better off today because we didn’t go to hell.
However, you’d probably be wrong.
Lehman Brothers didn’t have to fail; a vindictive former executive from The Goldman Sachs Group Inc. (NYSE:GS), who ran the Treasury in 2008, let Lehman fail because of what happened ten years earlier, only weeks after he was anointed CEO of Goldman.
The frightening truth is the Treasury and the Fed engineered the financial crisis.
I’m going to tell you what really happened and why – everything you don’t know.
And it’s all coming to you, in three parts, next week.