This is Part 3 of 5 of a Special Report of stories from the past few weeks that we are re-running so you can read and understand them in context. America is in trouble. The Biden Economy is about to implode. 
We are warning you as best we can in this series.
I covered a story last night about the $650 BILLION of “unrealized losses” about to hit the Big Banks in the United States.
Wild story!
I will post that full report below in case you missed it.
But what I really want to focus your attention on is a couple quotes from a Yahoo News article that I featured in that story.
Because it’s not getting nearly enough attention….
It’s a quote from Larry McDonald saying that Bank of America is INSOLVENT at a 6% Fed Funds rate.
Read that again.
BOA — INSOLVENT — in the same sentence!
So, you might be asking, “what is the current Fed Funds Rate”?
It’s 5.5%.
Uncomfortably close to INSOLVENT.
Wow.
He was quoted in the article I’ll show you below, but he also posted it to Twitter so you can see it right here.
I believe Bank of America is insolvent with a 6% Fed funds rate, leverage explodes. If your core capital is impaired, any losses on tertiary assets…
Read the full article here