Blame For The Financial Crisis is On The Fed - But Paulson & Soros Take The Heat

The Fed jumped on the bandwagon with their own list of people who created this George Soros of Soros Fund Management LLC, and John Paulson of Paulson & Co. trying to take the attention away from themselves.Back in 2007 Paulson & Co. bet against subprimes and cashed in on 15 Billon in profits when the crash hit. Paulson commented that greater oversight should have been done on the home loans, which very well could have avoided the crisis.

However at the time subprimes were in their heyday the Federal Reserve decided to take a hands off approach. Meanwhile Soros blamed the Federal Reserve saying they should have stepped in and saved Lehman Brothers in 2008 from their collapse. The Financial Crisis Inquiry Commission (FCIC) had interviews both Soros & Paulson during their investigations for making their official report.

If it would have been possible to stop or not the financial crisis still is debatable. Facts show the Fed sat there doing nothing to put the brakes on the subprime mortgage crises and when the bubble popped millions of Americans were greatly impacted finically desperately attempting to salvage what little was left to salvage in there collage and retirement plans. The luckier ones that had savings through 401K’s or treasury bonds fared better through the crises but folks invested in lower risk investments saw greater losses.

 
In today’s economic crises if you’re looking for asset protection and to come out finically ahead in the coming “economic mayhem” shift your investments to physical precious metals. As gold and silver has always been a hedge against inflation during inflationary periods throughout history. Furthermore gold and silver historically have always been a store of true worth. One ounce of gold 500 years ago would have bought you the same in goods or services as one ounce of gold today. Debt and inflation brought on by the use of fiat currencies throughout the world is why the costs for all your goods and services keep going up.

Tom Genot -