Bank of America warning

Investment Analysis Clubs Macro Economic Trends and Risks
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Uncontrolled debt - from citizens to the US government:

Amid the economic turbulence, the Bank of America has issued a warning about a possible US dollar collapse.

Moreover, this allows the BRICS group of emerging economies to spread the de-dollarization initiative across the world.

The US national debt is now rising by $1 trillion every 100 days since 2023. The uncontrolled debt could lead to a financial disaster wreaking havoc not only in the US but across the world.

An economy built on debt. Even zero interest rates won’t save it.

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Let’s declare all debt owed by citizens to banks forgiven, and see what BoA has to say about that.
/snark

Steve

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You’re getting your information from Tehran news?

Did your subscription to Truth Social expire?

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Try Forbes:

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Wouldn’t a collapsing dollar imply high interest rates?

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