If you go to there’s an ENTIRE PRESENTATION, explaining how this company is effectively 80% or 90% more discounted than anything out there. If you’re bullish on gold, I urge you to stop everything you’re doing and download this carefully-drafted report now!
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Bank of America Sends Shocking Economic Warning!
In a surprising turn of events, the Bank of America (BoA) has recently sent out a shocking economic warning that has left many concerned about the state of the global economy. The renowned banking institution has long been regarded as a reliable source of economic insight, making their latest message all the more noteworthy.
The warning comes at a time when the world is grappling with the unprecedented challenges posed by the ongoing COVID-19 pandemic. BoA’s report highlights some significant concerns that could exacerbate the already fragile economic ecosystem.
One of the key issues highlighted by the bank is the possibility of a global recession. BoA suggests that the pandemic’s impact, combined with other underlying factors, may lead to a severe downturn in the global economy. With many countries experiencing significant economic contractions due to the pandemic-induced lockdown measures, this prediction is certainly alarming.
Moreover, BoA expresses concerns about the mounting debt levels across various sectors, including governments, corporations, and households. The bank warns that this extreme debt burden could further destabilize economies and hinder recovery efforts. The sharp increase in government debt, as countries implement fiscal stimulus measures, has raised questions about potential long-term consequences.
Another major concern identified by BoA is the decline in consumer spending. As people face job losses and income reductions, the ability and willingness to spend are significantly impacted. This decreased consumer demand can lead to job cuts, business closures, and a vicious cycle of economic hardship.
Furthermore, the report also underscores geopolitical risks, such as increasing tensions between major global powers and trade conflicts. These uncertainties further compound the economic challenges, making the path to recovery even more complex.
The Bank of America’s warning serves as a wake-up call for policymakers and individuals alike. It emphasizes the need for cautious decision-making, prudent fiscal policies, and the development of robust recovery plans. The report suggests that a coordinated effort will be crucial to mitigating the potential risks and ensuring a smoother economic trajectory going forward.
However, it is important to note that while the warning from BoA raises legitimate concerns, it does not present an infallible prediction of the future. Economies have historically shown resilience and the ability to adapt to changing circumstances.
In response to the report, governments and central banks around the world have begun implementing measures to support their economies. Fiscal stimulus packages, lowered interest rates, and other monetary policies are being employed to boost growth and stability.
The timely warning from the Bank of America should not be disregarded or dismissed lightly. It serves as a reminder that the road to economic recovery may be long and arduous. It also calls upon individuals, businesses, and governments to act prudently and responsibly as we navigate these challenging times.
Ultimately, with concerted effort and prudent decision-making, it is hoped that the global economy can recover and rebuild. However, vigilance remains essential as the world continues to grapple with the multifaceted challenges posed by the ongoing pandemic.
If you go to https://www.wealthresearchgroup.com/el-cheapgold1050 there's an ENTIRE PRESENTATION, explaining how this company is effectively 80% or 90% more discounted than anything out there. If you're bullish on gold, I urge you to stop everything you're doing and download this carefully-drafted report now!
borrowing money from banks that aren't required to keep reserves, doesn't count.
America still the best
You need money printing for the markets to make higher highs n zero rates …they can't this time if they try they will destroy the dollar .I believe they will votes are more important
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The US is still saturated with brick and mortar bank branches.
Banks quietly let go over 20,000 employees this week. Digital, social credit score, full on communism coming
Hi JJ wait until 2024 it will be credit armagedon, save your cash.
imagine the healthcare services you could receive by paying out $24k for service instead of just insurance.
I like all comments. I want everyone to shine.
I'm nearly 80 and have been retired for about18 years. I still have a modest mortgage payment and my wife and I barely need more than our SS. We would think we were rich if we had $650K.
Years into the future, they'll be discussing how even while America was well into the Second Great Depression, the government and media couldn't even bring themselves to acknowledge a very mild recession in the horizon…
Love you JJ but you're just not strapping on the kahunas to go directly to the problem which is the central bank that is the Federal Reserve. These are the criminals. You need to broadcast this
The problem is Mr and Mrs Average doesn’t to cut back on their lifestyle. They continue to spend like they always did, until they’re broke.
LOL the only Gold I want is physical, in my hands not on a sheet of paper. If you don’t hold it you don’t own it and when the rubber hits the road people will not be able to access their Gold!
Good video
And it was here…In this blighted place…He learned to live again (Supercharger roar, dramatic music intro)
If the economy is so great why keep raising interest rates it destroyed me
Banks are putting more money to the side to cover all the foreclosed commercial buildings and homes. Chapter 11 bankruptcies are gaining speed and people aren't paying their car loans and credit cards on time if at all. Banks have to save money somewhere, so shut down branches and layoffs help, a little
The Big Banks sure are advertising a lot of jobs, but they will lay you off in a heartbeat!
JJ, it sounds like you've experienced some economic pain yourself.