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Business/Finance See other Business/Finance Articles Title: You’ll Never Guess Which BIG American Bank is Going Bankrupt NEXT 70-times more leveraged than Lehman Brothers You’ll Never Guess Which BIG American Bank is Going Bankrupt NEXT And just like Lehman Brothers, the government won’t save them Dear Friend, Imagine it’s 3 p.m. on a Friday afternoon and you’re sitting at your desk... The markets are about to close and you’re catching up on few things before the weekend arrives. A call comes in. It’s your wife. She wants to know when you’ll be home. Then this headline hits your computer screen... One of the World’s Biggest Banks Just Collapsed At first it seems like a hoax. Perhaps a misprint. But the familiar face of a well-known financial journalist hits your favorite financial news site and says: “I don't know how they didn’t see it before. The bank was leveraged 349-to-1” On the live video you are watching, you see top investment bankers hastily walking to their chauffeured vehicles. Paparazzi surround them. “That’s right,” says the familiar face on the screen. “The stock market has collapsed and even the masters of the universe are selling their stock in droves...” The ticker on the screen indicates the Dow Jones has just dropped another 500 points. Simultaneously, stock futures on world markets in Tokyo, London and Shanghai plummet. “I just can't believe it,” he says “I just can’t believe it.” Your heart skips a beat... Your CDs, your bonds, your own stocks, your wife... A chill of cold fear goes down your spine. The long hours... the lost vacation time... the missed trips to your kid’s events. Suddenly, you get a comforting thought... Surely there’s some protection. Surely everything’s not lost. Not for you. You ask, “What about the government?” “They have to bail us out again, right?” You turn, and on the screen are the most gut-wrenching words you’ve ever seen... “WHITE HOUSE ANNOUNCES NO BAILOUT IS COMING...” Hello. My name is Michael Lombardi. I’m the founder of Lombardi Publishing Corporation, a financial forecasting firm I started 30 years ago. The scenario I’ve just shared isn’t fiction... There is a major U.S. bank that right now is leveraged 349-to-1 and our government isn’t doing a damn thing about it. But we’re not worried. And neither are our clients... ... just like we weren’t worried when Lehman Brothers collapsed in late 2008. Let me explain... If you were around in 2007, you remember no one was calling for the collapse of the markets that happened in 2008. That’s no one, but us. Here’s the exact e-mail I sent our customers in 2007 warning about what was going to happen: “Over the past few weeks I’ve written about subprime lenders and how their demise will hurt the U.S. housing market, the economy and the stock market. There’s no escaping the carnage headed our way because the housing market and subprime business are falling apart.” I remember people laughed-off our “outrageous” predictions back then. But we persisted. By late 2007, we were warning our customers that we were headed for a financial catastrophe. When we looked deep into how overleveraged big banks were back then, we didn’t like what we saw. In the fall of 2007, we started begging our readers to get out of stocks, especially real estate and banking stocks. On November 29, 2007, I sent this urgent alert out to our customers: “The Dow Jones Industrial Average, the S&P 500 and the other major stock market indices finished yesterday with the best two-day showing since 2002. I’m looking at the market rally of the past two days as a classic stock market bear trap. As the economy gets closer to contraction, 2008 will likely be a most challenging economic year for Americans.” The rest is history. Everything started to blow up in 2008 and billions of dollars in stock market equity vanished in the blink of an eye... The Dow dropped over 40% between September and March... The worst market crash since 1929... It was a devastating time for retirees, investors, executives and employees. Now, seven years later, we’re in the late stages of a great bull market... Everybody thinks things are going fine... what happened in 2008 is the last thing on people’s minds. The government seems to have the banks under control. It seems the banks have learned their lesson... and we won’t repeat the past. But let me warn you... That’s NOT what my research shows. Shocking Government Document Exposes a Fraud 70-Times Bigger than Lehman Brothers Poster Comment: THE BIG CRASH IS COMING! Post Comment Private Reply Ignore Thread Top • Page Up • Full Thread • Page Down • Bottom/Latest Begin Trace Mode for Comment # 3.
#3. To: BTP Holdings (#0)
So who is crashing? thanks, everyone.
There are no replies to Comment # 3. End Trace Mode for Comment # 3.
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