Bank Of America Drops Bombshell! It Will Leave You Speechless! – Steven Van Metre
BOFA has a 130 billion loss on the books from bonds. Yes? If the loss was realized the stock will be 11. Too comical if a bank run takes place for a 5% money market fund. What does a savings pay .01% lol. They cannot hold the bonds to maturity no way !! The IMF will even have to bail out the FEDS for backstopping this loss…
Inflation will accelerate as federal debt payments grow with higher interest rates. The federal government is creating mountains of ‘new money’ each month by deficit spending and paying interest on the debt. This is the debt spiral.
