This is an outrageous title, but there is actually a successful book by that very title that every serious student of American finances and the economy should read.
Why am I confident that Bank of America (NYSE:BAC), JPMorgan Chase (NYSE:JPM) and Wells Fargo Bank (NYSE:WFC) will be around for a long time to come? (By the way, did you see how much WFC went up last Friday?)
I am extremely confident because I believe the facts, the unbridled truth revealed in an interview I saw with the author of the book mentioned above.
My perspective is that the financial industry brought the economy to its knees and that is why we all experienced the "Panic of 2008". That isn't conspiratorial thinking. It is just observing with perfect 20-20 hindsight and putting the pieces of this puzzle together.
But how did they get away with it? With the nation wondering how to hold the bankers accountable, Bill Moyers recently sat down with William K. Black, the former senior regulator who cracked down on banks during the savings and loan crisis of the 1980s. Black offers his analysis of what went wrong and his critique of the massive bailout that is so big it's almost impossible to wrap our minds around it.
To watch this "must see" interview click on the link below:
http://www.pbs.org/moyers/journal/04032009/watch.html Listen to it twice if you have the time. Take some notes. Then ask yourself the same question I've asked myself: "If this is mostly true, what can you expect next?"
If we had known what the Wall Street Masters of the Universe were up to when they created the credit crisis and the worst financial mess since the 1930s ahead of time, can you imagine how we could have profited?
What are the Masters up to this time? How will they make their next fortunes? These are the questions we need to be asking now. Through the pages of Seeking Alpha we can share our hunches, the results of our own research, and prepare to cash in on the next big "hoist" that will surely follow this unprecedented spending spree and the massive creations of "electronic trillions" of dollars.
Perhaps we will all start buying more GLD, SLV and CEF whenever they "go on sale" during the upcoming shopping season for gold and silver, which historically has been between May and October, year after year.
The stage seems to be purposely set to experience some hyperinflation ahead as surely as the stage was set for the mortgage, housing and credit crises that we are living through right now.
I'm long GLD, SLV, and CEF and I wish I'd bought some WFC, BAC and WFC around March 9th but I didn't.