Rich Democrats Secretly Prefer Trump to Warren – Ep. 513

Rich Democrats Secretly Prefer Trump to Warren – Ep. 513

Why is Michael Bloomberg Actively Preparing to Enter the 2020 Presidential Race?
I want to talk a little bit about Michael Bloomberg, entering the primary - and the reason that I think Michael Bloomberg is in. Bloomberg is now a Democrat, but he was a Republican. He served as mayor of New York as a Republican for 2 terms. Then, I think he served a third term as an independent. But he was a Republican and now he's a Democrat. The reality is, he is a very middle of the road guy. He's a liberal Republican or a conservative Democrat. But conservative Democrats have not place in the modern Democrat party. I think Bloomberg's motivation to throw his hat in the ring is the diminishing prospects of Joe Biden. Initially, everybody thought, "OK, Joe Biden's the guy." I think Michael Bloomberg was fine with a President Biden because it represented a continuation of the status quo and the status quo has been very good to Michael Bloomberg, do why wouldn't he want to continue that status quo?
Socialists are Frankenstein's Monster Consuming the Democratic Party
But with the rise of Elizabeth Warren and Bernie Sanders and the increasing likelihood that Warren could actually be the next President, I think that scares the hell out of Mike Bloomberg and I think it also scares the hell out of Mike Bloomberg's rich friends who are also Democrats. This is an example of Frankenstein and the monster. Baron Von Frankenstein created a monster and then Frankenstein's monster turned on its creator. And I think that's what these limousine liberals have done with the Democrat party. They have created this monster and now the monster is about to consume them.
Rich Democrats Would Rather Re-Elect Trump Than Support Warren or Sanders
I think what wealthy liberals are afraid to admit is, as much as they claim they don't like Donald Trump (and some of them don't like Donald Trump) they dislike Warren even more. A lot of these rich Democrats would rather see Trump re-elected than have Warren or Sanders elected. Now they don't want to come out and admit that, but they don't want to support a socialist. They're not that crazy - but they don't want the rest of the crazies in the Democratic party to know that. Our Sponsors: * Check out Quince: https://quince.com/GOLD * Check out TruDiagnostic and use my code GOLD20 for a great deal: https://www.trudiagnostic.com Privacy & Opt-Out: https://redcircle.com/privacy

Jaksot(1104)

U.S. Economy Teetering on the Brink of Recession – Ep 82

U.S. Economy Teetering on the Brink of Recession – Ep 82

* Another week and another round of bad economic news * Wall Street may be finally paying attention * JOLT Report projected at 5.158 million; came in at 4.994 million * April Retail Sales expected ...

14 Touko 201519min

The April Jobs Report and My Encounter With Ben Bernanke – Ep 81

The April Jobs Report and My Encounter With Ben Bernanke – Ep 81

* First official jobs report of Q2 * Wednesday's ADP private payrolls were below expectations * March was revised down, indicating a softer labor market * Challenger job cuts numbers well above pre...

8 Touko 201530min

Bloom Rapidly Coming Off Recovery Rose – Ep 80

Bloom Rapidly Coming Off Recovery Rose – Ep 80

* Upcoming Appearances * Thursday morning panel at the SkyBridge Capital SALT Conference in Las Vegas * Liberty Forum - Salt Lake City * MoneyShow - Las Vegas * Economic News for the Week: Marc...

5 Touko 201520min

Spring Has Sprung, But U.S. Economy Still Snowed In – Ep 79

Spring Has Sprung, But U.S. Economy Still Snowed In – Ep 79

* Markets on roller coaster ride final two trading days of this week * Bad news parade marches on in April * The players are still clinging to fantasy of U.S. economic recovery * Dollar finished do...

2 Touko 201529min

Will the Fed Run Out of Excuses as the Weather Warms?

Will the Fed Run Out of Excuses as the Weather Warms?

* Government's first look at Q1 GDP * There was a lot of optimism around Q1 with expectations above 3% * Actual GDP was 1/5 of expectations at.2% * The rest of the story of Q1 GDP: * The deflator ...

2 Touko 201523min

Minimum Wage, Maximum Stupidity –  Ep 78

Minimum Wage, Maximum Stupidity – Ep 78

* The Keynesian myth of mandating prosperity actually hurts the lower middle class and the working poor * Something for nothing is appealing to voters, so politicians make empty promises that are goo...

28 Huhti 201524min

Do the Swiss Envy Canadians Paying Higher Prices? – Ep 77

Do the Swiss Envy Canadians Paying Higher Prices? – Ep 77

* S&P and the NASDAQ made new record highs * Stock market continues to ignore all the bad news about the economy * Bad news is not being ignored in the foreign exchange markets * Negative economic ...

27 Huhti 201520min

Inflation Is The One Promise Central Banks Can Deliver – Ep 76

Inflation Is The One Promise Central Banks Can Deliver – Ep 76

* Markets have been volatile but economic data still looking bad * Chicago Fed National Activity Index: contrary to expectations, came in at -.42 in addition a downward correction for last week to a ...

22 Huhti 201520min

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