investmentwatchblog.com / BY·
Josh Sigurdson sits down with author and economic analyst John Sneisen to talk about Wells Fargo’s most recent dramatic move as the crooks attempt something incredibly reminiscent of what banks did just before the 2008 recession. However, this time it’s going to be far bigger.
Wells Fargo has begun making mortgage deals that were shunned following the 2008 crisis.
Mortgage backed securities were a massive part of what shoved individuals into debt and poverty in 2008. It’s a move a bank often makes when they foresee an inevitable crisis. With collateralized debt obligations out of control once again, following BMO’s similar move recently, this is just one more of many signs that we are on the verge of the inevitable fiat collapse and the bubbles in the artificial markets are ready to burst.
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