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Bank Of America Meltdown: Be Ready For The Coming Apocalyptic End Game Vunyal 105 Views • 6 years ago

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Bank of America is facing its most apocalyptic phenomenon since the Great Depression. The bank crisis that is spreading worldwide is only another chapter in the unfolding of the economic collapse. In today's video, we are going to examine the recent statements of the bank's currency strategist Athanasios Vamvakidis, to help you recognize where we've been up until now, find out what is coming next, and grasp what looks like the 9th cycle of the financial fiasco.

While the real economy is barely afloat, asset prices keep their strength because the loose macro-policy supports, even more, the decoupling between Wall Street and Main Street. Things are likely to continue the same until an unexpected shock takes place on the markets, making asset price bubbles burst, thereby, needing even looser macro policies to avoid an even weaker real economy, which will create new asset price bubbles.
As result, we have a vicious loop spiraling to an infinity of increasingly higher debt levels, lower interest rates, and larger central bank balance sheets, without inflation, but with an even weaker real economy and even worse asset price bubbles, thanks to the Fed's policies, which will boost this unprecedented economic crash to a whole new level.
This downward spiral had probably started with low inflation in the 1990s, due to the development of structural forces such as globalization and IT and, as Vamvakidis outlines "the widespread adoption of inflation targeting in the years that followed. Macro policies took advantage of low inflation to loosen too much, and one thing led to another, with a crisis every few years also keeping inflation low."
In the final section of his statement, the analyst starts affirming that "the end game is not clear, but unlikely to be smooth". That says a lot about what we are still going to face in the future. This banking crash will be kicked off despite the fact that most central banks and governments are aware of these "risks" - or, as the 1% may call them, opportunities - but they are stuck.
Many attempts to tighten in the past, ended up leading to sharp market adjustments, even when done in small steps. For instance, BofA mentions "the Fed's QE taper tantrum and its sharp U-turn last year cutting rates and expanding its balance sheet despite unemployment being well below the natural rate, to the ECB being stuck with negative rates well after the crisis and despite serious side effects and reintroducing QE last year at effectively full employment."
For its part, the government debt is already skyrocketing in most backdrops, especially after the health crisis had begun, the goal now would be to reduce the amount of debt with fiscal consolidation in the years ahead, without hurting the already weak economy, which it's definitely a very challenging assignment, giving all the aspects we've discussed up to now.
In conclusion, Athanasios asserts that the BofA "wouldn't start from here", claiming that there's no easy way out, because, in spite of the market euphoria up until now, the world economy is not in a good place to be in and it is getting worse with every shock. The situation did not look good before, and after the sanitary crisis started, it has become way worse and this is not a sustainable situation for the long-term.
This is essentially the sketch of the whole current trajectory that led us to where we are now.

6LACK - Pretty Little Fears (ft. J. Cole) [Official Music Video] daywalker 29 Views • 3 months ago

6LACK - Pretty Little Fears (ft. J. Cole)

‘East Atlanta Love Letter’ Out Now
Listen: https://6lack.lnk.to/EastAtlantaLoveLetter
Apple Music: https://6lack.lnk.to/EastAtlantaLoveLetter/applemusic
Spotify: https://6lack.lnk.to/EastAtlantaLoveLetter/spotify
Amazon Music: https://6lack.lnk.to/EastAtlantaLoveLetter/amazonmusic

Follow 6LACK:
https://www.6lack.com
https://www.instagram.com/6lack/
https://twitter.com/6LACK
https://www.facebook.com/6LACK

Follow J. Cole:
https://www.instagram.com/realcoleworld/
https://twitter.com/JColeNC
https://www.facebook.com/JColeMusic

"Pretty Little Fears" Lyrics:
Do better, who better, you better
Been around, like hella propellers
Wanna know, who you with, don’t tell em
Come on fellas, that aint none of your biz
Got on your body suit you know I’m on your ass today
Would you let me hit it thrice if I asked today
She know my stick nothing but magic babe
I be swinging it back and forth till you in your casket bae, mm
Girl you on my best side, mm
But she from the westside, mm mm

Now I just wanna know, don’t you sugarcoat
I’ll say it all if you won’t
Now could you tell me like it is, pretty little fears
Music to my ears

Ok, Say it loud, say it proud, you want it more
We open door, hit the couch, then the floor
I cut it up, like a scissor (SZA), love galore
She never bored, there’s so much shit we can do
You free to say whatever baby if you askin me
No limit when I’m in it, got a master p
I’m hoping I don’t have a fast release
Got me focused like I’m out here trynna get my Masters see, mm
Throwin up the peace sign, mm, girl I’m from the eastside, mmm mm
Girl you on my best side, mm
say she from the westside, mm mm

Now I just wanna know, don’t you sugarcoat
I’ll say it all if you won’t
Now could you tell me like it is, pretty little fears
Music to my ears
Now I just wanna know, don’t you sugarcoat
I’ll say it all if you won’t
Now could you tell me like it is, pretty little fears
Music to my ears

I’m lovin your light, vulnerable
Lettin your guard down, its honorable
Especially when, the past ain’t been that
Friendly to you, but, theres magic in that
You the flower that I gotta protect
To keep alive in the wintertime aye don’t you die yet
You been way more than a friend of mine we more like fam
I raise you, you raise me, let’s turn this whole life round
You can, confide in me
I could take that weight up off your shoulder blades and try to store the pain inside of me
Like why the world do you like that
Like they don’t know you God sent but me I view you like that
I’m sneakin glances thankin god that he drew you like that
Beautiful black child, come and share your black cloud
For your vibe and your smile I don’t mind a lil rain
I’m your dog ears, perk up at the sound of your name
Count on your main wildfire can’t handle your flame
Download your strain wild high, come drown in your fragrance
You that red pill that a nigga found in the matrix
Before I had you this shit was fantasy, you plant a seed
To grow some roots a branch and leaves becomes a tree of life
Until our nights are filled with peace from stress and strife
And that’s the blessing that I get from wifin you cause you
Entrust in me with the key to your heart, beating you smart
Cause even though I need a new start
Due to my past transgressions you believed in me
I guess the light I see in you is what you see in me, Lord
Say she from the westside mmmm
And she seen my best side, mmmm mmm

Now I just wanna know, don’t you sugarcoat
I’ll say it all if you won’t
Now could you tell me like it is, pretty little fears
Music to my ears

#6lack #jcole #prettylittlefears music video by 6LACK performing Pretty Little Fears. © 2018 LVRN/Interscope Records

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