Some highly suspicious information came out of the Federal Reserve recently and I don\u2019t want to let it go unchallenged.<\/p>\n
It seems to be part of an unprecedented media campaign from Fed Chair Ben Bernanke. The campaign started with the first press conference ever held by a Fed Chair, followed by multiple town halls and now even classroom lectures broadcast around the world defending the Fed\u2019s existence and recent actions.<\/p>\n
So forgive me for being just a bit skeptical when a press release from the Fed highlights 15 of 19 banks passing a so-called \u201cStress Test.\u201d I\u2019m just not buying it.<\/p>\n
Especially when you look at the way these Stress Tests were put together – it just becomes more clear…<\/p>\n
\nThe Stress Tests were supposed to see if banks could weather another crisis with enough capital leftover to continue lending. To do this the Fed asks what would happen if…<\/p>\n
* The stock market drops 50%
\n* Home prices fall another 21%
\n* Unemployment jumps to 13%
\n* And Interest rates stay at record lows<\/p>\n
In other words, the Federal Reserve wanted to see if banks could survive the last crash…<\/p>\n
…but that\u2019s absolutely worthless! The only thing I\u2019m interested in is the next crash. And newsflash, the housing bubble already burst. It\u2019s not going to happen again.<\/p>\n
So how SHOULD the Fed be stress testing the banks?<\/p>\n
That\u2019s easy. The same economists who predicted the housing bubble long before it happened – the only economists worth listening to – are in agreement that the next crash will come from a bond bubble ushered in by SKYROCKETING interest rates. Not record low interest rates!<\/p>\n
\nSo what would happen to the 19 banks in a world of skyrocketing interest rates? They\u2019d completely collapse. The major banks are so over-leveraged on cheap short-term financing that if they\u2019re ever forced to refinance during a time of high interest rates – their weak positions would crumble to pieces.<\/p>\n
And not just for the banks, but for the depositors too. The FDIC does not have nearly enough cash on hand to repay the millions of depositors who would be wiped out by bank failures – and neither does the United States treasury.<\/p>\n
That\u2019s why the rich are seeking out an alternative bank…<\/p>\n
The Bank Of YOU<\/strong><\/span><\/span> The rich aren\u2019t putting their money in troubled banks on the verge of collapse. Instead they\u2019re using an innovative \u201cbanking\u201d technique that\u2019s safe, produces 6-10% returns and is full of tax benefits.<\/p>\n The first thing you learn is that it\u2019s not a real bank. You don\u2019t have to buy a branch building, hire tellers or get approved by the Treasury Department.<\/p>\n So it has none of the drawbacks of a normal \u201cbank\u201d – and ALL the benefits. See for yourself:<\/p>\n This bank cannot be over-leveraged by bonus-happy executives. It will never be exposed to mortgage defaults. And it will operate stress-free in a world of higher interest rates.<\/p>\n YOU get to decide when you\u2019re approved for a loan (heck, it\u2019s your bank, you call the shots). And since you own the bank, any interest paid goes straight back into your account.<\/p>\n Not to mention it\u2019s a tax-deferred investment vehicle. So if you borrow money from the Bank of You and make a return, there are no taxes to pay now… or even when you pull the money out later.<\/p>\n And the best part is while most commercial banks are paying you next to zero interest for keeping your money with them, the Bank Of You can produce a steady 6-10% annual rate of return.<\/p>\n So anyone worried about their financial future in a rocky economy needs to find out more about starting a Bank Of You.<\/p>\n Mike has been making deposits into his own \u201cBank\u201d for years now. It\u2019s his insurance policy for protecting and growing wealth regardless of future events.<\/p>\n The greatest wealth transfer in history is on our doorstep. The Bank Of You is just one way to capture your share of the wealth.<\/p>\n This 100 page book will show you how to become your own bank without going into business or filing government documents. This is how the rich do it.
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