Personal Finance

www.crahingbanks.com [Crashing Banks]

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This article is for those who are still unfamiliar with Crashing Banks by Bill Boner. The founder of bonnerandpaetners.com, Bill Boner, is one of the most famous economists who predicted some of the world-changing events which may affect many daily life events or are about to hit the world socially or economically. Before we begin, let’s discuss about Bill Boner’s Newsletter.

Crashing Banks By Bill Boner [Newsletter]

Bill Boner, the founder of bonnerandpartners.com, made a team of 35 significant analysts including Former Head of BBC, and an Oxford Scholar. The group paid more focus on Research, Predict Major World Shifts, and Expose.

Bill Boner is the owner of America’s most significant independent news network and research publishers (having more than 2 million paid subscribers).

Major Predictions:

Major Predictions made by the team so far are as follows:

  •  Collapse of Soviet Union (1987)
  • In 1988 the Japanese Stock market will crash.
  •  The housing bubble scam in 2008.

What is www.cashingbanks.com?

With all the predictions made were so close and accurate, the private underground research network was then followed and approached by multiple government organizations, including the FBI. Till now, this research team has now reached over 2.4 million subscribers on banks crashing.

So, I tried to figure out about this final scene that is due to a ruckus amongst several economies. According to the team of intellects and several economists, there are speculations and predictions made by Bill Boner and his group.

US government is trying to restrict your access to cash as the new law crashes down on right to use cash after the 2008 bank crisis.

Banking Crisis 2008 (crashing banks)

There will ve a shortage of cash in the United States, the paper money as well as the electronic chips. money. During a sudden credit collapse, the credit stops. Citizens need cash, but the credit will not be worth anything because their banks will be bankrupt.

People will think that their credit card is not suitable due to the gasoline station will ask for cash only, and nobody got cash since the cash will be replaced by credit. People are advised to be ready with the backup plan and need to have the same replaceable cash. In the future a huge credit crisis will hit ane there will be a massive need of cash. Moreover, the government will supply cash to citizens as per their requirement (Citizens will be in need of cash at that time).

But that will not happen overnight, same as bank collapse 2008. The cash took the place of gold and the cash will be replaced by credit. as you all know bad money drives good money. And if you go and ask someone if they have cash with them, then only a few people will have some dollars with them. While the rest of citizens have nothing since they rely too much on credit.

Next move that people would do is to head towards the ATM machines, and they will dry out as the ATM machines will also become cashless because someone else will already hoard them. Hence, the velocity of money has been declined and also it would be a better practice to hold cheap stocks such as in Greece and Russia.

Expensive things will gradually decrease their price while the inexpensive things will go up in price. Though, this is going to happen anytime soon.

Generally, we are better off as compared to others on the long run holding a portfolio of some cheap stocks, which experts quote as a “Sound Advice“.

Also Check: www.mymedicalme.com

Crashing Bank Review

The real estate is messy with loads of work, which totally depends upon where you are located. You can say that it is very local and also very particular. Most people prefer it because it is a reliable task. According to Bill Boner, London is preferred for this task. However, in the USA  there are still many better deals where a person can get a handsome return on their money. The financial markets including real estate markets are stiff that tend to be quick moving.

Bill Boner clearly rejected to invest in the Bond Market and he recommends other people the same. As we all know that bonds rely on upon the people who pay their interests and in a real credit crisis, everybody starts to look across the street whether the person who owes you money actually has the money and he doubts creep in and the people.

The institutions who show their interest in the bond market, fail their defaults, and many other things that are going to happen that are not that much risky. A bit of personal advice is to stay away from the bond market.

Also Check: Pay your Trash Bills Online

FAQ

What caused the 2008 financial crisis?

The financial crisis was basically caused by degradation in the financial industry. That permitted banks to engage in fund trading with derivatives. The banks demanded more in order to support the profitable sale of these derivates. These were the reason for the financial crisis that caused the Great Recession.

Who is to blame for the financial crisis of 2008?

The ‘blame game‘ for the financial crisis is not just an academic exercise, though. The response to the 2008 crisis was shaped by Milton Friedman and Anna Schwartz’s interpretation of the causes of the Great Depression.

What ended the 2008 financial crisis?

The labor market lost almost 1.1 million jobs from April to August 2008. Merrill Lynch was near collapse and was saved after a government-subsidized Bank of America purchase. AIG was on the verge of failure and was saved only by an emergency infusion of $85 billion from the Federal Reserve.

Which banks failed in 2008?

Merril Lynch, AIG, HBOS, Royal Bank of Scotland, Bradford and Bingley, Fortis, Hypo Real Estate, Alliance, and Leicester were all expected to follow with a US federal bailout announced the following day beginning with $85 billion to AIG. Lehman Brothers filed for bankruptcy on September 15, 2008.

That was all about crashingbanks.com. If you still have any question then do let me know in the comments section.

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