Category

Recession

The Man Who Predicted the Collapse of GM, Fannie Mae, and Freddie Mac Reveals our next Economic Downfall

By | Allegiance Gold Blog, Banks, COVID-19, election, Gold Investments, Gold IRA, IRA, Recession | No Comments

When Porter Stansberry first predicted the mortgage banks collapse in the 2008 crash, no one could believe it. Today he says that the worst is yet to come in the next big political event. Years ago, Porter Stansberry accurately predicted that the world’s largest mortgage bankers (Fannie Mae and Freddie…

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Big Banks Tell SEC: Derivatives Could Plummet Wall Street Again

By | Allegiance Gold Blog, Banks, Dodd-Frank Act, Federaal Reserve, Investing, Recession

More than 10 years after the 2008 economic crash, Americans are still in the dark about how megabanks’ mismanagement of derivatives risk can blow up the economy once again. According to Wall Street on Parade, recent 10Ks (annual reports) filed by the largest Wall Street banks covering their financial condition,…

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