Several huge banks, including Bank of America, Morgan Stanley, and Wells Fargo have warned about a total market meltdown and global recession.
NOTE: This info is not about financial advice (make your own decisions) - it's merely bringing attention to how leaders of major banks are raising a red flag about the economy - flying in the face of Fed Reserve Chairman Powell.
Audio call & transcript at: https://www.moneymetals.com/podcasts/2022/05/20/big-banks-call-for-recession-and-possible-stock-market-crash-002530
Remember, neither Fed nor the Banks are telling anything as truth for the people.
What Fed says is exactly the opposite of the reality, so that they can pump up the market with all the sheep and pull the plug again and again.
What the Banks are saying, on the other hand is really "We are going to go under. Better make sure you have the bailout ready for us, or else we will destroy the economy with us"
Little do these suckers know that there will be no bailouts this time around. Last time we went in as a normal economy and bailed out with QE. This time we are going in with extreme QE (orders of magnitude larger than 2008) right in the entry. No amount of QE can fix it this time. This is why its going to be the end of the FED.
Absolutely. All these are unconstitutional entities, Federal Reserve more so unambiguously than anything else. It clearly violates the section 8.5 of US Constitution blatantly.