It’s time to bend over and kiss your financial asses goodbye, Mr and Ms Merica!
This quote is just a taste of the nightmare that is coming for you and me:
“When some of the most prominent bankers at some of the biggest banks on the entire planet start issuing ominous warnings, that is a clear sign that time is running out.”
Here is a brief history of how banks worked once upon a time, in a galaxy far, far away:
Thanks to Torrito for this information!
By Michael Snyder
April 15, 2015
The Economic Collapse, April 13, 2015
The very same people that caused the last economic crisis have created a 278 TRILLION dollar derivatives time bomb that could go off at any moment. When this absolutely colossal bubble does implode, we are going to be faced with the worst economic crash in the history of the United States. During the last financial crisis, our politicians promised us that they would make sure that “too big to fail” would never be a problem again. Instead, as you will see below, those banks have actually gotten far larger since then. So now we really can’t afford for them to fail. The six banks that I am talking about are JPMorgan Chase, Citibank, Goldman Sachs, Bank of America, Morgan Stanley and Wells Fargo. When you add up all of their exposure to derivatives, it comes to a…
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