Onething we learned from the 2008 crisis was that Banks and wall street are willing to take huge risks in order to get bigger gains, however due to the high leverage that they take with their investments and financial instruments when things go wrong they do so in a huge scale.
But the reason they are willing to take those high risks is because they know that they cant go bankrupt because they are too big to fail and therefore the Federal Reserve will save them or all hell will break loose.
This negligence has created a huge debt bubble and high risk leverage that we cant scape now.
Since nobody was found guilty of the fraud committed in the housing bubble, then banks didnt mind to take high risks all over again.
Why should Banks worry about the risks if nobody is found responsible and tax payers money will be used to save them from collapse.
What is going on Now? Today instead of having less risk and be more prudent, the financial risks are higher than ever, so the next economic downturn will be worst than then one we experienced in 2008.
Nothing has changed the same fraudulent and negligent behaviors have been going on and the Fed has not done anything to avoid it.
According to Chris Martenson from PeakProsperity.
com
Unfortunately central banks can not save us with the printing machine and insolvency cannot cured with liquidity.
Right now its time to be wise, prudent and stop taking high risks that you dont need.
No country is safe form the consequences of this financial disaster that we are about to experience.
Its time to invest your money wise, diversify and don't trust Banks.
Fiat currency is at risk because we don't know if when the bubble burst we will have hyperinflation or deflation, but paper money is not safe and your money in the bank neither.
You have to invest wisely for instance gold and silver are a great option if you want to diversify and secure your money against financial hedge.
But the reason they are willing to take those high risks is because they know that they cant go bankrupt because they are too big to fail and therefore the Federal Reserve will save them or all hell will break loose.
This negligence has created a huge debt bubble and high risk leverage that we cant scape now.
Since nobody was found guilty of the fraud committed in the housing bubble, then banks didnt mind to take high risks all over again.
Why should Banks worry about the risks if nobody is found responsible and tax payers money will be used to save them from collapse.
What is going on Now? Today instead of having less risk and be more prudent, the financial risks are higher than ever, so the next economic downturn will be worst than then one we experienced in 2008.
Nothing has changed the same fraudulent and negligent behaviors have been going on and the Fed has not done anything to avoid it.
According to Chris Martenson from PeakProsperity.
com
The very same Fed that could not and did not see that a housing bubble was forming is now equally complacent about corporate bond yields touching all-time record lows across the entire spectrum, right down to CCC junk that sits one skinny notch above default.Just a little global downturn could trigger massive losses in bond portfolios and we are already seeing big problems in Europe and Japan.
Unfortunately central banks can not save us with the printing machine and insolvency cannot cured with liquidity.
Right now its time to be wise, prudent and stop taking high risks that you dont need.
No country is safe form the consequences of this financial disaster that we are about to experience.
Its time to invest your money wise, diversify and don't trust Banks.
Fiat currency is at risk because we don't know if when the bubble burst we will have hyperinflation or deflation, but paper money is not safe and your money in the bank neither.
You have to invest wisely for instance gold and silver are a great option if you want to diversify and secure your money against financial hedge.