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Bank of America Being “Set-Up” to Fail in Next Financial Crisis as Buffett Sells $1B Worth of Stock
"Bank of America (NYSE: BAC) has problems, and I've been warning about this for years. They need a scapegoat, and it's going to be the Wall Street banks,” says Gregory Mannarino, founder of traderschoice.net and financial strategist. He argues that major Wall Street banks like Bank of America are set up to be "fall guys" in the event of a financial collapse. According to Mannarino, the central banks are deconstructing the current economic system to build a new one, and they need a scapegoat to blame for the fallout. "The middle class has been sucked dry. They don't have much left. People are being pushed to the lower rung." Watch the video to gain insights into his views on the economy and discover strategies to safeguard and grow your wealth.
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📞 ACT NOW, BEFORE IT'S TOO LATE: Gregory Mannarino stresses that the economic system is on shaky ground, and gold is your best defense. As the global debt bubble looms, protect your future by investing in physical gold and silver. Learn how today: https://calendly.com/itmtrading/500?utm_content=DC08302024 or call 866-706-9061
"ITM did a great job of educating me on the history of the dollar, the financial markets, the banks, gold, and the laws so that I had a better understanding of things." - Kristen W.
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📖 CHAPTERS:
00:00 Introduction and Overview
01:35 Currency Devaluation and Lower Rates
04:34 Exposure to Commodities and Diversification
10:03 The Potential Fall of Bank of America and Consolidation of Power
18:21 The Need for Higher Interest Rates and a Stronger Currency
25:08 The Loss of Freedoms and the Move towards a Neo-Feudal System
28:59 Conclusion and Call to Action
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For more than 28 years, Phoenix-based ITM Trading has been a nationally recognized organization for trusted, data-backed research and investor education in the precious metals industry. They strategically assist clients nationwide, specializing in the different functions that physical gold and silver products provide in a diverse portfolio. ITM Trading’s mission is to give investors the knowledge, analysis, and lifetime strategies they require to confidently navigate the intricate monetary policies that restrict economic freedoms. They help build each client a custom portfolio designed to protect and grow their wealth and assets during economic downturns, hyperinflation, and currency resets.
Disclaimer: The views, opinions, and financial recommendations expressed in this video are solely those of the guest and do not necessarily reflect the views of ITM Trading. ITM Trading is not responsible for any financial decisions made based on the content provided in this video.
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#buffett #banks #gold #bankofamerica #cambone
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