Bigger than just a banking crisis

This is a problem that started in 1987, and there’s no actual solution in sight ... ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ April 10, 2023  |  [Sign Up]( Dear , JPMorgan Chase CEO Jamie Dimon says we are ‘near the end’ of the banking crisis, but the harsh reality is that this crisis is just getting started. It’s a pattern that started in 1987 … just never on this scale before. I’ll explain in detail during a [free live presentation on Monday April 17th]( but here’s a summation of the biggest issue … Federal Reserve policy got us here, but it can’t get us out. They held rates so low for so long that it was inevitable, and now banks are holding onto hundreds of billions of dollars in debt as a result. And the only way the government can make sure your bank doesn’t fail is by destroying the value of the money on deposit, paper it over This is bigger than a banking crisis, it’s a true financial crisis. But at this point, we have to stop critiquing Fed policy and start preparing for the inevitable conclusion. Going back to 1987, we can see the pattern. Alan Greenspan dropped rates so people could get free money and paper over their losses in 1987. He did it again with the Mexico crisis in 94, and again in 1998 during the Long-Term Capital Management (LTCM) crisis that almost tanked financial markets. This was the Fed’s solution during the Tech Bust of 2001 … And again in 2008. They “solve” each crisis with the same approach … drop interest rates and print money. But this money isn’t backed by anything. The dollar is a fiat currency, which literally means backed by nothing other than a government decree. Except the government isn’t protecting the dollar, they’re tanking it. The theory is print more money to create velocity and spend our way out of a recession. That’s fine if we weren’t pouring fuel on the inflation fire, which is exactly what’s happening. When you dump more money on the country during every crisis, the result is that the dollar itself loses value. In theory, to fight inflation, the Fed should be raising rates to get people to save more and spend less. But we have a record low in savings and a record high in consumer debt. Maybe that’s because we as people follow by example, and the government as our example is spending more than ever. And the more the government spends, the more our debt goes up … The higher the cost to service that debt becomes … The bigger the deficit becomes. And the solution is … Print more money! So what can we as investors do to protect ourselves? That’s exactly what [my free presentation for the Wealth365 Summit]( will cover. I’d love for you to join me as I explain: - The REAL reason banks are in danger of collapse - What this means for the market and (more importantly) for investors - My 3-step approach to investing that has outperformed markets in good times and (especially) bad, and how you can make more money when everything else is falling apart  And a whole lot more … [Just click here to register for free](. Things are about to go from bad to worse. Trust me, you don’t want to be caught unaware when that happens. Join me next week to help protect yourself and your money. See you then, Addison P.S. When you [register for this free presentation]( you’ll also get access to dozens of other industry experts who are presenting during the W365 Summit. It’s one of the premiere online events of the year, and it’s 100% free to join. The Daily Missive from The Wiggin Sessions is committed to protecting and respecting your privacy. We do not rent or share your email address. 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