God’s Words of Strength to His People During Financial Turmoil
Terry Sacka making a follow-up appearance on the Wealth Transfer show on CTN after touching on our federal debt, credit market instruments liabilities and an introduction to shadow banking and statistics goes into detail to demystify the 70 trillion dollar shadow banking industry.
Summary:
In the main segment, Mr. Sacka opened the show with the definition of the system. Reading from an IMF working paper, “The shadow banking system is a non-banking institution that includes hedge funds, money market funds, pension funds, insurance companies, large custodians like the Bank of NY, State Street (brokerage firms) etc. The funding is typically associated with non-banks (which means security lending transactions) and the use of collateral they post with the banks.”
This is topic that caused quite a stir recently as many banks have become insolvent but on the surface seemed health and solvent. Deep down the bank may be much further in dept than they appear at a face value.
He went on to say, “This is a non-bank bank, it’s difficult to track and the funds and the money of the shadow banking going on and off the accounting books so what they’re reporting on the commercial bank level isn’t really accurate because all the major institutions and commercial banks deal in shadow banking underneath, they set up finance companies.”
Charles Vance pointed this involves fractional banking, where banks are lending money “on paper” up to many multiples in IOU’s. He used the example in stating that if the bank shows a balance sheet of $1,000 it can lend up to 27 times that, lending out a total of $27,000. As loans began to collapse the system shows it’s inherent flaws. Source
Buying Precious Metals for Your Retirement: Gold and Silver
There’s a great wealth transfer taking place right now. Are you on the losing end or the receiving end?
Wealth Transfer Planning
Precious metals have always been a safe haven for investing in high inflationary times. Historically speaking, a recurring cycle that always seems to repeat itself is periods of high inflation as a precursor to the crash of paper currencies. Those who understand this wealth cycle and position themselves in gold and silver are those who prosper.
Precious metals are assets that will never lose their value. They are not subject to systematic risks as paper money and serve as a hedge against inflation and other threats of devaluation. Cornerstone Asset Metals was established to help guide investors safely in and out of the precious metals market.
The Great Wealth Transfer
Watch Terry Sacka: The Wealth Transfer show on the Christian Television Network discussing the financial and influential decline of the Western world and the simultaneous wealth increase of the East. With the wealth of nations shifting, it’s imperative to understand moving forward how hard tangible assets will allow you to maintain a quality lifestyle.
Visit the Wealth Transfer archive for more episodes. Learn more about how buying gold and silver today is a smart move for your investment portfolio.
» Contact Cornerstone Asset Metals today to learn more about buying gold and silver as an investment.
» Read our article: Why Silver is Going Up Today?
» Read our article: Why Gold is Going Up Today?
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