In 2008 it was private banks that were given the blame and the government was labelled the hero for "bailing them out". All that means is they took our money and gave it to crooks who split the pie with the very people who took our money.
Now when they take money, what they're really doing is taking time from us. It takes time to make money.
Regardless, the banks now are just pawns of what the central banks have done. Central Banks like the Fed, BOE (Bank of England), ECB (European Central Bank), BOC (Bank of Canada) are the major source of all these problems.
Fund managers are right there next to them.
These degenerate funds who manage pensions take your money and throw it into "safe" investments that are supposed to grow over time and ensure you have a check coming once your retire. Their investments have been terrible and many are leveraged in derivatives.
The Bank of England had to for lack of a better word bail out these retards just a week ago as margin calls ("top up or we take everything") were being made and billions in pensions were about to be liquidated.
Every market is getting hammered right now and there is no end in sight regardless of what some retards on MSM say.
Margin is many levels above what it was during the 2008 crash and simply put, there's no money left.
When NOT if the collapse happens (and it's right around the corner), it will be multiple times harder than 2008 as these are Central Bankers, private banks, pensions, the housing market, credit markets all at the edge.
Prepare yourselves.
Newsom sent CALPERS money to China. He invested the pension of police, fire, etc etc into Chinese markets. Correct me if I'm wrong, but I remember hearing that a long time ago. There's just no way that isn't a BIG domino if true.
Ideally it would be illegal for him to do that.