JPMorgan’s net income fell 2% in the third quarter as the bank had to set aside more money to cover bad loans, but the results topped Wall Street estimates and shares rose in morning trading.
The situation may seem like déjà vu for investors who suffered through the 2008 crash—or those who saw the movie The Big Short, which depicted the economic conditions that led to it.
The so-called Great Recession was conveniently timed to allow newly elected President Barack Obama and a filibuster-proof Senate to speed through what was then considered one of the largest spending packages ever—ultimately becoming a casebook study in government waste and fueling the tea-party outrage that punished Obama in the following midterm elections.
It began with the risky lending habits of banks and mortgage brokers such as Fannie Mae and Freddie Mac, spilling over to Wall Street firms such as Lehman Brothers, arbitrarily designated by the government as “too big to fail.” […]
— Read More: headlineusa.com
It’s becoming increasingly clear that fiat currencies across the globe, including the U.S. Dollar, are under attack. Paper money is losing its value, translating into insane inflation and less value in our life’s savings.
Genesis Gold Group believes physical precious metals are an amazing option for those seeking to move their wealth or retirement to higher ground. Whether Central Bank Digital Currencies replace current fiat currencies or not, precious metals are poised to retain or even increase in value. This is why central banks and mega-asset managers like BlackRock are moving much of their holdings to precious metals.
As a Christian company, Genesis Gold Group has maintained a perfect 5 out of 5 rating with the Better Business Bureau. Their faith-driven values allow them to help Americans protect their life’s savings without the gimmicks used by most precious metals companies. Reach out to them today to see how they can streamline the rollover or transfer of your current and previous retirement accounts.
