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Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label bank of america. Show all posts
Showing posts with label bank of america. Show all posts

Sunday, April 2, 2017

Three well respected economists along with Bank of America advocate gold as they see markets on precipice of collapse

It is one thing for economists outside the mainstream to see markets in extreme bubbles and on the precipice of another 2008 style crash, but when one of Wall Street's own starts publicly talking about the same thing then you know that the threat is quite legitimate.

And that is what happened on March 31 as new warnings from billionaire investor Jim Rogers, economist Martin Armstrong, motivational speaker and trainer Tony Robbins, and of all places Bank of America have several different experts all pointing towards the probability of a new financial crisis, and where each of them are advocating the best safe haven for your money to be that of gold.


From BofA:
Hartnett also presents "a nice Icarus stat": "should the S&P500 exceed 2540 in conjunction with a 3% yield on the 10-year Treasury bond then US stocks will reach an all-time high versus US bonds, exceeding the prior tech bubble peak reached in March 2000"
Still, all great - if abnormal and fake - bull markets and manias come to an end eventually, and Hartnett warns that what follows the final, Q2 "Icarus" rally will be far less enjoyable, because that's when the infamous "great fall" is set to take place. 
Great Fall” potentially comes in H2 as hubris, synchronized monetary tightening, EPS peak coincide; buy long-dated puts in anticipation; we believe best time to sell would likely be after a pop induced by a US tax reform bill (March Fund Managers Survey showed only 10% of institutions expect US tax reform passed before summer recess). 
And yes, the Fed will likely try to step in again with more rate cuts to prevent a crash, although this time it won't work at least according to Hartnett, because after the "Great Fall" comes the Long View, which Bank of America describes simply as: Manias, Panics, Crashes 
His conclusion is two fold.                
On one hand, "our Longest Pictures argue for a treacherous period of potential manias, panics or crashes as policy makers try to normalize policy."On the other, the response will be the same one we have said since day one will ultimately take place: runaway inflation as central banks literally throw everything at the next mega crash, or as Hartnett calls it, "further outperformance of inflation assets versus deflation assets." 
His best trade recommendation? 
"Buy gold." - Zerohedge
From Jim Rogers:
In his usual plain speaking, honest manner, Jim Rogers warned on Bloomberg TV that
"the Federal Reserve... has no clue what they are doing. They are going to ruin us all." Central banks have driven rates to all time record lows and in the process, debt has "sky-rocketed." 
Rogers slams the 'counterfactual' arguments that things would have been a lot worse if the Fed had not done all this, "propping up zombie banks and dead companies is not the way the world is supposed to work. ... It's been nine years and we have nothing to show for it [economically] except staggering amounts of debt." 
Rogers is pessimistic about the outlook for America and thinks that Donald Trump will see the US continue on the path to bankruptcy - a path set by Bush and Obama before him. 
He concludes the Bloomberg interview ominously by saying that "this is all going to end very, very, very badly." 
In recent years, Rogers has consistently said that he wants to own more gold and silver and will continue to accumulate the precious metals on any price dips.
From Martin Armstrong:
Armstrong is nervous about gold in the short term and thinks it could fall as low as $1,000 per ounce prior to surging to as high as $5,000 per ounce in the coming years.
From Tony Robbins:

Tony Robbins, performance coach and self help guru has warned that "The Crash is Coming." 
Robbins, who is focusing more on finances and wealth in recent years and in his latest book, 'Money: Master The Game', says plan now for what's to come. Things may be looking rosy on Wall Street as of late, but the crash will come. 
"We are in a really artificial situation. There is a new high, on average, every month. Feds around the world have been printing money," said Robbins in a tv interview. 
Robbins has long advocated owning gold as part of a diversified portfolio and has cited Kyle Bass, Marc Faber and more recently Ray Dalio as his financial gurus. In his recent book, Robbins cited Dalio and recommended an asset allocation strategy that involves a 7.5% allocation to gold.

Monday, October 12, 2015

Got Karatbars? Bank of America now changing tune and forecasting gold breakout in 2016

The Fed deciding back in September not to raise interest rates is proving to be a watershed moment for the markets as the most recent economic data has validated their choice to hold off on raising rates for the foreseeable future.  And instead of simply jawboning that interest rate hikes are coming, which has been their M.O. for almost a year now, chances are more likely that the U.S. central bank will be forced to implement a new round of quantitative easing in the face of a new recession that is probably already in our midst.

And in a rather interesting turn of events, Bank of America over the weekend just put out a new forecast in which they not only project will be beneficial towards gold, but does the unthinkable and is questioning the Fed's credibility to be able to deal with the economic turmoil that is coming.

Neither deflation nor inequality has hindered the bull market on Wall Street in recent years. On the contrary, QE policies to end deflation & spark employment have been very beneficial to asset prices. But now: 
The perception of unfair globalization, gilded elites & inauthentic politicians is leading to a rise in both populist politicians (Trump, Sanders, Corbyn) and parties (SNP, Syriza, Podemos, National Front) and… 
…calls for the Fed to raise rates to boost the elderly’s return from saving are becoming louder… 
…and the fragile improvement on Main Street is threatened by a stalled global economy in 2015. 
If the secular reality of deflation & inequality is intensified by recession & rising unemployment, investors should expect a massive policy shift in 2016. Seven years after the west went “all-in” on QE & ZIRP, the US/Japan/Europe would shift toward fiscal stimulus via government spending on infrastructure or more aggressive income redistribution. And seven years after China went “all-in” on fiscal stimulus, a shift toward QE/rates/FX to support activity would be likely in the east. 
And finally, getting to the point of this post, this is how Hartnett says investors should trade this "massive policy shift": 
…buy TIPs, gold, commodities, Main Street not Wall Street, China small cap 
This new policy mix (which would be in response to recession & Quantitative Failure) would be most positive for TIPS/gold/commodities, for Main Street rather than Wall Street plays (e.g. mass retailers versus luxury), and for Chinese small cap. These are the assets bears should accumulate if markets head to new lows. - Zerohedge
Interestingly as well, this assessment about gold was corroborated by Australia's largest investment bank over the weekend.
Finally, we most certainly agree that the catalyst to unleash the "endgame" cycle will be some "combination of a major accident in several asset classes and/or sharp global slowdown." But long before that even, keep an eye on gold: having provided a tremendous buying opportunity for the past 4 years because for some idiotic reason "conventional wisdom" decided that central banks are in control, have credibility and can fix a problem they created and make worse with each passing day, soon the global monetary debasement genie will be out of the bottle, and not even the entire BIS trading floor will be able to suppress the price of paper (as physical gold has not only decoupled from paper prices but long since departed on a one-way trip to China) for much longer.


So with interest rates not expected to be raised until at least 2017 by some forecasters, and the likelihood of a new and more massive QE program being the only alternative in the face of a new recession, how is the best way to protect your wealth from a new paradigm of dollar devaluation, and the chance that the U.S. currency may lose even more ground against the rise of a new gold backed global reserve?


The answer lies in a company called Karatbars



Buying gold through Karatbars is one of the easiest things on the net.  In fact, the business model of Karatbars is to sell gold in affordable quantities, such as 1, 2.5, and 5 gram increments, and allow customers to get into the metal without having to shell out $1200+ for a single ounce coin.

And as added perks to signing up with Karatbars, as a customer or affiliate, you can have the power to move your money into a free e-wallet that functions just like an offshore bank account, and is outside the authority of the banking system.  From there, you can take your fiat currency in any denomination... dollars, euros, yen, etc... and purchase physical gold which can either be delivered directly to you, or stored for free at one of Karatbar's vaults.

Additionally, any gold that you buy can easily be sold back to Karatbars, or any metals dealer, and if with Karatbars it is then exchanged for currency that is uploaded to you through a pre-loaded debit Mastercard which is connected directly to your e-wallet.  And as we know, MasterCard is recognized in nearly every country around the world, and usable in any currency that accepts it.

But perhaps the best feature with Karatbars is their affiliate program, where you can earn money off commissions from getting others to sign up and become a customer or affiliate.  Not only do you receive commissions from their purchasing of physical gold, but you also earn commissions from anyone who buys a commission package, with that money going directly into your debit MasterCard when you have enough units to cycle.

Imagine the ability to earn the money in which to buy your gold savings simply by purchasing a commission affiliate package one time, and then getting others to sign up and do the same thing.

How many businesses or entrepreneurs can build an infinite business with spending less than $400 of their own money?  And there is never a mandatory requirement to buy beyond what you desire, on your own schedule.  And there is nothing to lose, because you're using money (paper dollars) to buy gold (physical money) and in the end you don't lose a thing.


The global financial system, along with dozens of respected economists, are telling us that now is the time for the end of our current form of money, and the beginning of the transition into a new monetary system that is expected to be backed by gold.  And with banks, governments, and even Harvard professors mandating that central banks have no choice but to eliminate cash from usage by the people to stave off collapse, will you wait until it is too late to make a decision on how you will protect your wealth, and be able to function within the coming new monetary system?

To learn more about Karatbars, you can contact the individual who sent you this article, and click on their referral link to open a free account and begin buying, or building your own gold savings or business with the company of the future.

Thursday, July 2, 2015

With Western money managers seeing the U.S. equal to Greece, are you protected with Karatbars?

As many analysts point towards September being a crucial month for the stock markets, bond markets, and even the entire global financial system, a new chart out on July 2 shows that despite the rhetoric and propaganda parroted every day by the mainstream press, money managers throughout the U.S. and Western spheres of finance have been dumping their positions and moving into cash as fast as the market allows.

Net sales were the largest since January 2008 and led by institutional clients—after three weeks of net buying, institutional clients’ net sales last week were the largest in our data history." - Bank of America

Which means that the 'smart money' is getting out, and leaving you, Joe Six Pack, to hold the bag when the eventual market crash takes place.


In addition to selloff's in the stock markets, we recently published an article showing that the largest Bond Manager in Europe has told his clients to dump their holdings and move into cash because of the fear of great volatility and uncertainty moving forward.

So if the big boys are moving out of the market and into cash, and in particular not into financial instruments like bonds or annuities that no longer provide even a smidgeon of returns, what is available to you to protect your wealth and be prepared for whatever uncertainty comes upon us?

Athens On The Potomac - It Could Never Happen Here, Right?

In 25 years, U.S. debt levels are projected to reach 156 percent of the economy, which Greece had in 2012. That projection comes from the Congressional Budget Office's alternative scenario, which is more realistic than its standard fiscal projection about which spending programs Congress will extend into the future.

If Congress leaves the federal budget on autopilot, debt levels will soar. Instead, spending must be reined in to avoid a Greek-style meltdown.
Yet even if the government were to begin its own form of austerity today, or the Fed were to actually raise interest rates instead of jawboning empty promises, the results will be catastrophic for the U.S. economy and stock markets, and the only conclusion to make is whether the system would crash sooner rather than later, as has been the paradigm since 2008 when they pumped in tens of trillions of dollar to delay the inevitable.

So for you, your family, your business, and your future, what is the answer to protecting your wealth, ensuring the government doesn't confiscate it through taxation, inflation, or outright theft, and how can you prepare for an outcome that even the best analysts have no confident answer for?

The answer lies in a company called Karatbars.





Buying gold through Karatbars is one of the easiest things on the net.  In fact, the business model of Karatbars is to sell gold in affordable quantities, such as 1, 2.5, and 5 gram increments, and allow customers to get into the metal without having to shell out $1200+ for a single ounce coin.

And as added perks to signing up with Karatbars, as a customer or affiliate, you can have the power to move your money into a free e-wallet that functions just like an offshore bank account, and is outside the authority of the banking system.  From there, you can take your fiat currency in any denomination... dollars, euros, yen, etc... and purchase physical gold which can either be delivered directly to you, or stored for free at one of Karatbar's vaults.

Additionally, any gold that you buy can easily be sold back to Karatbars, or any metals dealer, and if with Karatbars it is then exchanged for currency that is uploaded to you through a pre-loaded debit Mastercard which is connected directly to your e-wallet.  And as we know, MasterCard is recognized in nearly every country around the world, and usable in any currency that accepts it.

But perhaps the best feature with Karatbars is their affiliate program, where you can earn money off commissions from getting others to sign up and become a customer or affiliate.  Not only do you receive commissions from their purchasing of physical gold, but you also earn commissions from anyone who buys a commission package, with that money going directly into your debit MasterCard when you have enough units to cycle.

Imagine the ability to earn the money in which to buy your gold savings simply by purchasing a commission affiliate package one time, and then getting others to sign up and do the same thing.

How many businesses or entrepreneurs can build an infinite business with spending less than $400 of their own money?  And there is never a mandatory requirement to buy beyond what you desire, on your own schedule.  And there is nothing to lose, because you're using money (paper dollars) to buy gold (physical money) and in the end you don't lose a thing.

How to make money in both the Dual and Uni-level systems of Karatbars




How to make a six figure income using Karatbars in just 7 weeks.



The global financial system, along with dozens of respected economists, are telling us that now is the time for the end of our current form of money, and the beginning of the transition into a new monetary system that is expected to be backed by gold.  And with banks, governments, and even Harvard professors mandating that central banks have no choice but to eliminate cash from usage by the people to stave off collapse, will you wait until it is too late to make a decision on how you will protect your wealth, and be able to function within the coming new monetary system?

To learn more about Karatbars, you can contact the individual who sent you this article, and click on their referral link to open a free account and begin buying, or building your own gold savings or business with the company of the future.

Tuesday, February 18, 2014

Major banks finally admitting the dollar is in trouble

On Feb. 16, a Bank of America analyst announced that the global economy is giving out clear warning signs that the dollar is entering into serious trouble, which adds more credence to John Williams recent assertion that 2014 will be the year of a dollar panic.
Global financial and commodity markets are warning that the US Dollar is in for a bout of trouble, warns BofAML’s Macneil Curry. Across asset classes, Curry points out that Gold was the first to make its low against the US Dollar, doing so back on Dec-15. The second market to turn against the US Dollar was US Treasuries, with Ten year note futures turning bullish back on Dec-26. Currently, the FX market - most specifically GBP - is breaking out and pressuring the US Dollar. Finally, the Japanese stock market continues to suffer, putting downward pressure on USDJPY and thus US Dollar weakness. - Zerohedge



Read more on this article here....

Wednesday, September 12, 2012

Los Angeles bank robbers channel their inner Fed Bernanke QE3

In an interesting day of rubbernecking on American television, a station out of Los Angeles streamed live a police chance of bank robbers who got away with around $25000 from a Bank of America branch.

However, these soon to be convicts seemed to have a change of heart on what to do with the money, and in preparation for tomorrow's Fed announcement, the robbers channeled their Ben Bernanke on Sept. 12, and started throwing the cash out the window like in one of Big Ben's helicopters.



Once upon a time we thought that literally throwing cash out of rapidly moving objects was a privilege strictly reserved for Fed chairmen. Not any more. Moments ago, a car chase in South Los Angeles went horribly right, when two bank thieves who managed to find a Bank of America branch which actually had cash in it, and robbed it, proceeded to throw cash out of the moving car as it was being chased by a cohort of cops. Since the getaway car happened to be a Volvo, they naturally failed to get away, but not before they became local Robin Hood-type heroes to the massive gathering of gawkers all of whom would appear gainfully employed if only they were not just standing there, doing nothing, and hoping to steal the already stolen money in a major LA intersection at 11:30 am local time on a Wednesday. - Zerohedge

Friday, August 10, 2012

Banking collapse: Fed tells banks to prepare for worst case scenario

A super secret Federal Reserve program, by which they ordered the major U.S. banks to prepare a worst case scenario contingency plan in the advent of a collapse in the banking system, was made public on Aug 10.



U.S. regulators directed five of the country's biggest banks, including Bank of America Corp and Goldman Sachs Group Inc, to develop plans for staving off collapse if they faced serious problems, emphasizing that the banks could not count on government help.
The two-year-old program, which has been largely secret until now, is in addition to the "living wills" the banks crafted to help regulators dismantle them if they actually do fail. It shows how hard regulators are working to ensure that banks have plans for worst-case scenarios and can act rationally in times of distress. - Reuters

Courtesy of JP Morgan Chase
Perhaps it was due to the Federal Reserves secret plan that the American people were placed on the hook for hundreds of trillions of dollars worth of toxic assets, which JP Morgan Chase and Bank of America moved to their commercial balance sheets, allowing the FDIC and the taxpayer to be responsible for losses should they fail.

Monday, December 19, 2011

Bank of American go boom: Falls and closes below $5.00 a share

Bank of America crossed the stock mendoza line, and closed below $5 per share to close at $4.96.  This close will trigger massive stock evaluations as many mutual and other stock funds are not allowed to hold equities below $5 a share.

As definitive evidence just how fucked up this entire market is, here is what happens to the ES the second the infinite BAC Bid at $5.00 finally gets taken out. This is the ESH2. That's right - the entire market moved tens billions in market cap because the Plunge Protection Team just failed at protecting the "precious" $5.00 level. - Zerohedge

List of Bank of America holders:

Monday, December 5, 2011

Middle East tensions bring rising oil prices as crude crosses $102 per barrel

As tensions in the Middle East, particularly Iran and Syria, continue to boil, the growing price of oil remains the constant consequence to the West for intervening in the affairs of oil nations.

With WTI breaking $102 and Brent over $111 this morning, driven by Iran and Syria tensions, it would seem tough for a nation exporting its way to success, that is so dependent on both domestic consumer and energy to grow 'as expected' with energy premia so high - or perhaps the justification is the energy sector will carry the S&P through the next quarter as earnings expectations are cut. Nevertheless, as Reuters points out, the risk of supply disruptions remains high. - Zerohedge

Couple this with new predictions for 2012 by Bank of America for $250 oil, and the future for the economy has taken another hit that will deepen the recession (or depression) we are currently in.

Tuesday, November 29, 2011

S&P; Downgrades 37 global banks including Bank of America

It makes you wonder where the ratings agencies were back in 2007 and 2008 when the global banking system was in just as much trouble with liquidity and debt, but it appears that they may have gotten 'religion', and are finally doing the jobs most ratings agencies won't do.

Standard and Poor (S&P) gave out their pre-Christmas gifts to 37 global banks, and it looks like they got the coal in the stocking they deserved.  Bank of America especially should quickly fall below $5.00 a share, perhaps as early as tomorrow.

Here is a list thanks to Zerohedge of the banks and their downgrades.










The rest of the data can be found here.

Thursday, October 20, 2011

Value Investors Club issues a terminal short recommendation on Bank of America

Value Investors Club, or VIC for short, has come to the resounding conclusion that Bank of America is a terminal cancer patient, and offers up the following recommendation for the stock.

Terminal short the stuffing out of it.

The thesis summary is rather self-explanatory: "Bank Of America equity is worthless. CFC-related litigation is going from bad to worse, it can lead to violent erosion of shareholders' equity which. Combined with the run on the bank that has slowly begun, the $53 trillion in derivatives, the lack of sustainable competitive advantages and the depleting political influence, I believe this is a terminal short." - Zerohedge
Since Bank of America is expecting the Fed, FDIC and Taxpayers to soon bail out the dying giant, perhaps this recommendation is only fair for the public to get their pound of flesh before the too big to fail institution robs them blind.

Thursday, October 13, 2011

Wall Street Layoff Lists

It only two and a half months until Christmas, and many Americans are getting their Christmas lists to Santa ready to send to the North Pole.

Some agencies however, are writing up a different list, and it is worse than getting coal in ones stocking.

The Department of Labor in NY State keeps a record of intended layoffs by companies within the Empire state.  Recently a very important title was added to that list, and in includes a major bank on Wall Street.

Date of Notice:    9/29/2011                                                                           
Control Number: 2011-0098
Rapid Response Specialist :  Linda Foehr
Reason Stated for Filing:   Plant Layoff
Company:         
Bank of America
2 & 4 World Financial Center, New York, NY  10080
County: New York | WIB Name: NEW YORK CITY| Region: New York City
Contact:    John Collingwood, Senior Vice President                                                   
Phone:  (202) 661-7130
Business Type:     Financial
Number Affected:  33
Total Employees:                  -----    
Layoff Date:  First separation will occur on 11/30//2011        
Closing Date:        -----      
Reason for Dislocation:     Economic
ERNUM:  -----
Union:  No bumping rights exist.  Associates are not represented by a union.      
Classification:      Plant Layoff
Other Bank of America locations affected:
2011-0099: 1 Bryant Park, New York, NY - 250 affected, First separation to occur on 12/14/2011
2011-0100: 222 Broadway, New York, NY - 41 affected, First separation to occur on 12/14/2011 - Bloomberg via Zerohedge
So ho ho ho, or perhaps, Happy Halloween to the banksters who deserve no less but to join the growing millions out of work in other parts of the country.

Tuesday, October 4, 2011

Hacked, or simply server issues? Bank of America online system down for 3rd straight day.

Online banking for millions of Bank of America customers is now down a 3rd day in a row, and it begins to beg the question... is it legitimate server problems, or have they been hacked by an outside group?

With BofA's problems, and the growing lawsuits on their mortgage practices, it would not be out of the question that would be targeted by some individual or group for cyber retribution.

Monday, October 3, 2011

Bank of America - $5 debit fees, and now $5 stock value

In an ironic twist of market fate, Bank of America stock today dropped into the $5.00 range, touching $5.99 per share briefly.  This loss of value comes just days after the bank proposed instituting a new $5.00 a month debit fee charge for most of their accountholders.


Chart courtesy of Zerohedge.

Wednesday, September 21, 2011

Ooooh No! Operation Twist is in play... LOOK OUT BELOW!


30 yr



10 yr

As  Zerohedge pointed out on this... goodbye, Bank of America.