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RE: SPECIAL REPORT: Despite Record Stock Prices, The Financial System Is In Peril. Here's Why. By G. Mannarino

in #money7 years ago (edited)

The financial system is in grave danger and we are best served by preparing ourselves for the coming changes. Banks that are FDIC insured rely on the FDIC. The last market crash saw the FDIC rapidly depleted. Extraordinary measures were taken to prop up the banks. Even with unlimited supplies of money through the lending window it was soon discovered that no reasonable amount of money could ever make their obligations whole.

The ECB, BOJ, Fed, and other central banks have been printing money non-stop for years. These backstops have inflated asset prices and kept rates low.

If you upvote and resteem without understanding what is being talked about you are doing yourself a disservice. You need to understand what is coming if you are to be able to take advantage of what happens after and protect your current net worth.

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Well said, everyone needs to understand this.

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