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Not long ago, Citigroup, Bank of America, AIG and dozens of the world’s largest financial institutions were on the brink of failure.
Washington rushed to the rescue with trillions of dollars in loans and guarantees. London, Berlin and Brussels did the same.
The crisis subsided. The market rallied. And Wall Street eventually breathed a great sigh of relief.
But now, as 2010 approaches a close …
A New, Broader Kind of Crisis Is Looming
Now …
- We not only have a debt crisis among corporations, but we also have a debt crisis for entire national governments — Dublin, Lisbon, Madrid, and even Washington.
- The threat of big losses is not merely to those holding individual stocks or bonds, but to anyone who has assets denominated in the U.S. dollar.
- The political will to bail out banks is not only gone, the new Congress is actually inclined to reverse prior bailouts.
In sum, the old theory that giants like Citigroup, Bank of America or AIG are “too big to fail” is dead! They are actually too big to SAVE!
Beyond the standard, oft-flawed safety nets — such as the FDIC for the banks and the state “guarantee” associations for insurers — every institution you trust with your money is largely on its own.
Fortunately, some have the wherewithal to withstand the toughest of times.
But many do not.
So the big question now is …
How can YOU know the difference?
How can you know if your bank or insurance company has what it takes to survive the worst of shocks?
How can you know if it’s likely to fail even in normal times?
My team and I worked through last weekend and are now working around the clock — quite literally — to put the finishing touches on a brand-new presentation that will give you the answers:
It’s a complimentary online video that’s designed to do three things:
- Help you make sure that you never have to lose another minute’s sleep worrying about your bank CDs, money market accounts and checking accounts …
- Show you how to safeguard your life insurance, annuities and health insurance, plus …
- Evaluate the safety and potential of your stocks, ETFs and mutual funds.
So be sure to watch your inbox. The minute this all-important video is available for viewing, you’ll be among the first to know.
Good luck and God bless!
Martin
