Banking Nightmare

[Image] Sponsored Content [Banking Nightmare](  During and after the Great Financial Crisis of 2008, 485 U.S. banks went under. Here at Weiss Ratings, we warned about 484 — an accuracy rate of 99.8%. Now, we have a new warning. But this time, it’s not just about a few hundred banks… it’s about nearly every single bank in America… [Get all the details here.](  How The Fed Caused The Banking Crisis (Plus: What I'm Concerned About...) By Jimmy Butts It’s Monday, September 15, 2008. The financial system quakes as the 160-year-old investment bank Lehman Brothers falls into bankruptcy. That day will be forever etched into financial and economic history books. But what happened the following day is reminiscent of the current banking problem… Tuesday, September 16, 2008, was the day that the $62.6 billion Reserve Primary Fund “broke the buck.” Investors were panicking, and the run was on. Except this wasn’t a bank run — it was a run on money-market accounts — seen as the safest of investments (much like Treasury Bills). You see, money-market funds maintain their share price at a $1 value. That’s its benchmark. If a money market fund falls below $1, it’s called “breaking the buck,” meaning investors would lose money if the fund was sold. Only two money market funds have ever broken the buck. The first was a small institutional fund in 1994. The second was the Reserve Primary Fund in 2008. [Read More](  [What’s the most advanced item you see on this desk?]( Most people immediately point to the iMac, or the phone and digital camera beside it… but none of these answers are right. Hiding in plain sight is an even more powerful piece of “tech” on this desk… and it’s setting off a $75 trillion revolution primed to hand investors huge gains! [Stake your claim on this tiny company today and you’re looking at the potential for life-changing gains up to 2,288%.](  You are receiving this email at {EMAIL} as part of your subscription to StreetAuthority. To ensure that you receive these emails, [please add us to your address book.]( [Terms](   [Privacy](   [Unsubscribe]( ©2023 [[ StreetAuthority ]] [[ 7600A Leesburg Pike, Suite 300 Falls Church, VA 22043]] All rights reserved. Any reproduction, copying, or redistribution, in whole or in part, is prohibited.