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Fraud and Greed of Trusted Rating Agencies Helped Spread the Credit Crisis
By, Shah Gilani
Contributing Editor
Money Morning
Underlying the credit crisis gripping the U.S. and world Trigger Event Strategist Website - Shah Gilanieconomies is a crisis of confidence. Blame has been laid at the feet of the U.S. Federal Reserve, and an investment bankers' brew of toxic financial products. Ultimately, however, it was the supposedly trustworthy rating agencies that got everyone to drink the poisoned Kool-Aid.
The sheer fraud and greed of rating agency analysts and executives is staggering. That no one has gone to jail, and none of the agencies have been shut down is a travesty of justice on an infinitely larger scale than Bernie Madoff's Ponzi scheme. Until...
Jersey's Secret "Gold-Backed" Currency Set to Double
Located just off the coast of Great Britain is a tiny island with the world's leading "gold-standard" currency. Unlike the plummeting U.S. dollar, this money, the Jersey Note, is fully backed by gold, and will never lose value due to inflation or global chaos. Over the next 18 months, investment expert Peter Schiff expects it to hand investors 70-100% gains... while the dollar sinks further.
So why haven't you heard of this ultra-safe money yet? And how can you convert some of your plunging dollar savings into Jersey notes in about five minutes?
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