Wall Street’s $140 Trillion Heist... and How It Got Away Scot-Free

[Inside Wall Street with Nomi Prins]( Welcome to Inside Wall Street with Nomi Prins! It’s the only daily newsletter featuring the insights of Nomi Prins and her team of global experts. You’ll find all our issues [here](. And if you have questions or comments, shoot us a note anytime [here]( or at feedback@rogueeconomics.com. Wall Street’s $140 Trillion Heist… and How It Got Away Scot-Free By Nomi Prins, Editor, Inside Wall Street with Nomi Prins Leverage: when you borrow money in order to make an investment or place a bet. It’s a high-risk, high-reward way to make money… as long as you’re not wrong. And it’s also how a small loan in Stockton, California can be linked to a worldwide economic collapse all the way to Iceland… …and how $1.4 trillion in subprime loans became $140 trillion in potential losses… …also known as the Second Great Bank Depression of 2008. [Featured: Why Are These 4 Billionaires Screaming the Same Warning?]( In [last Friday’s mailbag issue]( reader Ken M. wrote: People with no assets were able to borrow tremendous sums to buy real estate with liar loans and 99% financing. He was talking about the cause of the 2008 financial crisis. And he’s right. Lots of people took on more debt than they could afford to pay back. But shady financial techniques certainly played their part, too. Which brings us to today’s book excerpt… Recommended Link [Millionaire Trader Drops Bombshell… “The Only Trade You Will Ever Need”]( [image]( Silicon Valley trading millionaire says… “FORGET 99% of the Stock Market… Trade ONE Stock… ONCE Per Month – Over and Over Again!” He’s recommended REAL gains of 100%, 228%, and [373% in just 8-days – in any market condition.]( Leveraging a trading secret he’s used for years… helping over 171,000 regular people… It’s called: The [“One Stock Retirement”]( – a trading breakthrough to help anyone collect triple-digit profits regardless of trading experience, location, starting capital, or market condition. [Click here, it’s all revealed in this exclusive interview…]( -- Blame Game On Friday, I promised to explain the complex financial technique that led to the subprime mortgage crisis… and ultimately, to the 2008 financial crisis. My 2009 book, It Takes a Pillage: An Epic Tale of Power, Deceit, and Untold Trillions, covers this very topic. In it, I explained that the 2008 financial crisis did not happen because ordinary citizens borrowed a little more than they could afford. It happened because of a financial feat called securitization. [Featured: Jeff Brown: “After this, America will NEVER look the same.”]( This involved Wall Street firms converting those loans into assets. These “assets” allowed them to borrow much, much more than they could afford… an estimated $140 trillion more… And when the underlying loans failed, the whole house of cards came crashing down. But of course, the Wall Street firms were not held responsible. Recommended Link [How safe is your money from this unsuspected threat...]( [image]( Please pay close attention... Because You Are at Risk The entire financial system is on the verge of a shock unlike anything we’ve seen in decades. The Dollar as we know it is being permanently dismantled in broad daylight – right under our noses... According to tech expert Jeff Brown, the biggest headlines of 2022 will have nothing to do with inflation… and everything to do with a huge change to our money very few Americans see coming. Most Americans will be blindsided… But folks who take time to prepare could emerge wealthier than they’ve ever imagined possible. [Click here to find out what you MUST do to prepare.]( -- Instead, the blame was laid at the feet of the “little guy.” He borrowed more than he could afford… He couldn’t pay it back… Ergo, he lost his home. In fact, 10 million “little guys” lost their homes. But in a system with little-to-no regulatory oversight, the financial institutions responsible collected up to $300 billion in fees and went on their merry way… …leaving the Federal Reserve and the Treasury Department to fork out $13 trillion. All to cover $1.4 trillion in outstanding subprime loans. Recommended Link [BIG — April 1st Crypto Prediction]( [image]( Write this date down: April 1st, 2022. According to Teeka Tiwari, voted the world’s #1 Most Trusted Crypto Expert by 130,000 analysts… This could be your LAST CHANCE to capture the biggest potential crypto profits. Teeka has a history of making winning predictions… But this could be his most important prediction yet. [Click Here to Watch Now (#1 Crypto to Own Today Named Inside).]( -- When Fiction Becomes Fact If my book was a work of fiction, most readers would shake their heads in disbelief. They wouldn’t believe anything so outrageous could ever happen. So today, I’m sharing a short excerpt from It Takes a Pillage with you. It outlines how Wall Street took on up to $140 trillion in debt on the back of $1.4 trillion of subprime loans… and got away with it. To read the excerpt, just [follow this link](. Regards, [signature] Nomi Prins Editor, Inside Wall Street with Nomi Prins --------------------------------------------------------------- Like what you’re reading? Send your thoughts to [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=RE: Wall Street’s $140 Trillion Heist… and How It Got Away Scot-Free). --------------------------------------------------------------- MAILBAG Readers share thoughts about [cryptocurrencies]( and the reality of fossil fuels versus Nomi’s recent essays on New Energy (catch up [here]( and [here]( I am really surprised to see that as an ex-banker, you are still in the throes of the central bank's desire to limit its greatest threats, which lay in the pricing of precious metals. Central banks have tier 1 reserves in allocated gold. But do they hold bitcoin? Governments in the past have not tolerated competing currencies very kindly. But they are clearly tolerating crypto, for the time being, as it aligns with their agenda of preserving the failing fiat currencies through the dilution of interest by the young and those digitally addicted to the meta world. In the face of a world drifting further towards a chaotic future, central banks are increasing their stockpiling of precious metals. Let me know when they start piling into crypto for real instead. More likely, this will be the introduction of state-controlled crypto currencies, that will provide the state complete control of our individual freedoms as they can track and control the function of our money at will. – Eric E. Nomi, I enjoy your work, but please be real. Our country is blessed with abundant fossil fuels. We were energy independent and a net exporter of oil and gas under the previous administration. Why can you not say what is clearly true in your article addressing this important topic? – Gordon O. Are you excited about the era of New Energy Nomi describes? Or are you skeptical, like reader Gordon? What about Nomi’s book excerpt on Wall Street’s greed surprises or shocks you? Write us at [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=RE: Wall Street’s $140 Trillion Heist… and How It Got Away Scot-Free). IN CASE YOU MISSED IT… [Crisis investor reveals the 27 items you need right now]( At time stamp 33:10, crisis investor Dave Forest begins pulling items out of a bag to reveal some of the 27 items you need to have on hand right now. “When the coming crisis hits cruising speed, these essential items could sell out quickly and never be restocked.” [Click here now to see what’s in Dave’s bag (VIDEO).]( [image]( --------------------------------------------------------------- Get Instant Access Click to read these free reports and automatically sign up for daily research. 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