 Hey guys, it's MJ the students actually and I've just read something that might be the very first indicator of another financial crisis For those of you who don't remember back in 2007. We had a pretty big major Your world recession. What was happening was that banks were making loans to What they called ninjas people who had no income no assets no job if you use that as a literation You get the ninja So what they did is they made a whole bunch of these ninja jobs and then someone at like these banks like Goldman Sachs Liam and brothers all of these they were like, we've got a great idea What we'll do is we'll take these loans and we'll do a little bit of chippity choppity And we'll repackage them and sell them off at triple a you know securities to pension funds and all these other institutional investors And it was pretty successful. You know people bought it. They got more money They lent it to more ninjas. They took more money. They did more chippity choppity They kept selling it and this went back and forth back and forth until you know the bubble burst because none of the ninjas Actually repaid the loans which means institutions may system get any money back and the whole house of cards came crumbling down We have a credit crunch and the world went into a recession and it wasn't a very pleasant experience for humanity But what the American government did is they stepped in and they were like listen here We're gonna buy all these toxic loans You know these loans that aren't paying back any money. We're gonna come by them We're gonna do like a little injection of cash and we're gonna try and save the economy and in a sense I mean the economy continued to working we didn't go to complete anarchy. So They kind of did a good job. They saved us from from, you know, something terrible that could have happened But now fast forward 10 years into 2017 and I read an article that Goldman Sachs It has got this business plan someone there's like guys I've got a brilliant idea. What we're gonna do is we're gonna go back and we're gonna buy those toxic loans we're gonna go buy buy the loans that cause the chaos and We're gonna do a little bit of chippity choppity and we're gonna repackage them and we're gonna sell them back to institutional investors And I'm reading this and I'm like wait You want to go and buy the toxic assets and this is what they're saying. They're gonna take them They're gonna restructure them. They're gonna close up on some of the mortgages. They weren't paid or they're gonna restructure They can extend it or they're gonna do all their little financial wizardry and then they're gonna resell these loans back into the market So these toxic assets which caused the 27 2007 crisis are now getting purchased and restructured and being sent back into the market and I don't know about you, but that sounds a little bit crazy and it's one of those things where greed goes too far where But we allow greed to come up with these really crazy and creative Instruments that could potentially, you know in the financial world I know I'm being a little bit dramatic and for any of you who are interested in what I mean by the chippity choppity of financial instruments I did make a YouTube video called how to turn your friends loans into triple a securities it wasn't a very popular video and Which is probably a good thing seeing that I think doing that is illegal Unless the government gives you permission to do so But I will put a link in the description below although you probably y'all shouldn't watch it because it is illegal But that's for all of you who want to know what that chip each operating is is all about But the main part of the story is that these toxic assets that caused the world crisis the world financial crisis are being reintroduced into our markets and Yeah, I think that's pretty crazy and something that we need to keep an eye on Because we don't want this to go out of control. But anyway, that's just a little quick update of some crazy stories I've been seeing on the internet. I'll let you know if I find anything else But anyway, also feel free to leave a comment in the comment section below and I'll see you guys soon. Cheers