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If you think bank bailouts were scandalous, then prepare to be even more outraged.
That's because more of this kind of debt forgiveness is coming. It's virtually guaranteed.
Most view the bank bailout for the post-2008 financial crash to be the $700 billion TARP (Troubled Asset Relief Program).
In reality (and this is being conservative) the total is closer to $7.7 trillion. By some estimates, it's a multiple of that.
And yet, as controversial as those bailouts may have been, I'm convinced we're going to see more in the years ahead.
One sector of the debt market is ripe for forgiveness. In fact, we could be looking at over $1 trillion in bailouts.
It may take the next recession and bear market to convince many, but having the foresight could help you position yourself now before the crowd buys in.
About the Author
Peter Krauth is the Resource Specialist for Money Map Press and has contributed some of the most popular and highly regarded investing articles on Money Morning. Peter is headquartered in resource-rich Canada, but he travels around the world to dig up the very best profit opportunity, whether it's in gold, silver, oil, coal, or even potash.