Ladies and gentlemen, what you have just witnessed is an op carried out on the world. Previously, in The Beginning of A World Centralization Whirlwind, I wrote about how banks, legally able to treat credit card, student, auto, and house loans as assets, and then bundled them up into financial packages called asset backed securities and structured finance collaterilized debt obligations, since the risk was too great for them, they sold them to investors, who sold them on the stock markets for profit. All the banks that have crumbled and being bailed out were buying up and holding these securities. And so here we are, facing the storm.
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