The financial crisis much worse than what you're told

If you follow the news a little, it is not difficult to realize that the current financial crisis is more serious than would have us believe.

What does it mean?

It all started in 2001 after the attack of September 11, 2001, America was paralyzed and the U.S. government wanted to show the world they were still the largest
nation in the world and that this event would not affect the U.S. economy.

Alan Greenspan Chairman of the Federal Reserve Bank of the United States, the Central Bank of the United States has decreased interest rates ...

Result: many bankers and unscrupulous seeking only their interest in the short term have initiated offers of credit at variable rates, but surprisingly low (1%).

The Americans were overwhelmed by these proposals very attractive to obtain mortgages to buy homes they would normally never have afforded in relation to their income.

In the worst case there was even loans to people with no income, no guarantees ... on the simple tax return without any control with possibly the help of brokers interested only by credit bonuses they received a contract signed.

Banks reassuring borrowers telling them that in any case their home was a sufficient guarantee, and as property prices rose in the worst case it would be enough to sell the house.

This theory holds water only if the real estate market continues to rise indefinitely.

We all know that it is not possible and the inevitable happened.

When the first people could no longer repay their loans, the first seizure of their homes and have started a snowball effect, the housing market collapsed.

This would be a lesser evil, unscrupulous bankers if I mentioned that they knew what they were doing and knew they had the hands of credit risk are rid of these debts by selling to large financial institutions that they turned them into securities and have "diluted" in other financial products to reduce the risks.

It is as if they had introduced a virus in the financial sector.

This is called "securitization." Many financial products have been well developed and sold many times between banks and were even upgraded by rating agencies for financial products that sometimes had no idea that these financial products were at risk.

In good times, banks have purchased these products so that had a "good rating" AAA but in fact contained high-risk products.

All this has generated a number of financial derivatives risk currently calculated at 500,000 billion.

Besides that, the $ 700 billion Paulson plan supposed to solve the crisis is a drop of water.

We are witnessing right now is the collapse of the house of cards.

Almost all banks have invested in these financial products very attractive, investing the money they had been entrusted: Your money!

Result: If all investors now want to withdraw their money from their banks, it would be impossible since the money vanished in the stock price declines on most financial products at risk.

Yes, banks have played the stock market investors with the money and lost a big part.

Even the guarantee fund of banks in France will allow up to 70,000 euros per saver to reimburse only 25,000 people.

The situation is not serious, it is dramatic.

Your money is gone, or at least it is not guaranteed beyond 50,000 or 70,000 euros for each country.

If you have money in banks higher, you take big risks.

What to do?

Ensure your money on sound values, not wind, not paper.

And earn money by speculating on the increased value of gold today is no longer any doubt.

Gold is becoming more valuable. This is a rare and what is rare is expensive.

Gold has always been a safe haven in times of crisis.

Place some of your money in physical gold, not gold titles that your bank offers, no gold very concrete and real form of ingots whose value is guaranteed and stored in vaults.