Millionaire Economist Says: “Most Americans Will Go Broke, No Matter Who Wins The Election”

No one believed Bill Bonner when he warned about “subprime loans” in 2008.

These risky home loans brought the U.S. economy to the brink of collapse. They triggered a recession that swept the globe, wiping out millions of American retirement accounts.

As early as 2005, Mr. Bonner’s team wrote:

“Something is smoldering in the mortgage-lending market, and the heart of fire is on the balance sheet of Freddie Mac and Fannie Mae.”

Meanwhile, the Wall Street Journal wrote that, “fears of a housing bubble are overblown.”

We all know what happened next.

Housing prices dropped 18% in 2008 alone and almost 4 million U.S. homes were foreclosed the year after.

Overall, more than $16.4 trillion vanished from American households in less than two years. Meanwhile, both Freddie Mac and Fannie Mae stock prices crashed.

Since 1979, Bill Bonner has made a name for himself in the financial world with

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