- Published: Tuesday, 27 September 2016 15:47
- Written by Sean Summerville
URGENT WARNING: GOVERNMENT TAKES
$4 Billion of superannuation
Are you going to lose your money out of your bank account without you even knowing?
How do banks make money?Banks basically make money by lending money at rates higher than the cost of the money they lend. More specifically, banks collect interest on loans and interest payments from the debt securities they own, and pay interest on deposits, CDs, and short-term borrowings.
What happens if you go to retire and there’s no money then?
The Goldman Sachs Group, Inc. is an American multinational banking firm that engages in global investment banking, investment management, securities, and other financial services, primarily with institutional client
Below is a transcribe of the video.
"The markets will crash and fall pretty hard, because markets are ruled at the moment by fear. The big money and smart money, the big funds, hedge funds etc They don’t buy this rescue plan. They believe the market is toast. The stock market is finished. The euro they don’t care about. They’re moving their money into safer assets. Treasury bonds, 30 year bonds and the United States Dollar. Its not going to work.
Reporter... "What would keep investors happy?"
It’s a tough one…. Personally it doesn’t matter. I’m a trader, I don’t care about that. If there’s an opportunity to make money I’ll go with that. Traders don’t about whether this or that is going to fix the economy and the situation. Our job is to make money from it. I’ve been dreaming of this moment for 3 years. I’ve got a confession which is I go to bed every night hoping that there’s another recession. No one remembers the 30s depression. It wasn’t just about the market crash it was about people being ready to make money from that crash. Anybody can do that. It isn’t just for some people in the elite. Anybody can make money. It’s an opportunity. When something crashes for example the stocks or euro crashes and you know what to do. If you have the right plan set up. You can make a lot of money. Hedging strategies is always one. Treasury bonds that sort of stuff.
I will say this to everybody that’s watching this… This economic crisis is like a cancer. if you just wait and wait thinking it will go away it won’t it will grow and grow until it’s too late. Go and get prepared! This is not a time right now sitting back thinking the governments are going to fix everything. The governments don’t rule the world. Goldman Sachs rules the world. They do not care about this rescue package and neither do the big funds.
I would tell people I want to help people. It’s not just for traders, anybody can do this. Anyone can make money from a downward market. The first thing people should do is protect their assets. My prediction is I believe in less than 12 months the savings of millions of people is going to vanish. And this is just the beginning. Be prepared and act now. The biggest risk people can take right now is not acting."
As I have mentioned in our weekly emails...
You must take action to secure your own future
No longer can we sit back and buy, hold, prey.
Sean M Summerville