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 GhostBed: https://ghostbed.com/PETER * 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

Episoder(1105)

Video Blog: September Jobs Report Confirms Weakening Labor Market

Video Blog: September Jobs Report Confirms Weakening Labor Market

* It is the first Friday of the month, and that means that this morning we got the September Non-Farm Payroll number * Anyone who has listened to my podcasts and video blogs knows that for months I h...

3 Okt 201529min

President Trump and Treasury Secretary Icahn? – Ep. 111

President Trump and Treasury Secretary Icahn? – Ep. 111

* It's been over a week since I did my last podcast there's been a lot of economic news - almost all bad * The markets have been under pressure - we're back down near the mini-Black Monday lows, sol...

30 Sep 201526min

Yellen Admits Rates Could Stay at Zero Forever – Ep. 110

Yellen Admits Rates Could Stay at Zero Forever – Ep. 110

* Tuesday's podcast was titled, "Will She or Won't She?" referring to whether or not Janet Yellen would announce an interest rate hike for the first time in almost 7 years * Today we got the official...

18 Sep 201523min

Will She or Won’t She? Ep. 109

Will She or Won’t She? Ep. 109

* Tomorrow we have the most highly anticipated Fed meeting ever, but this will not be the last time I'll say this * We'll also be anticipating October and December if the Fed does not raise interest ...

16 Sep 201523min

Weak Data Belies Fed’s Upbeat Narrative – Ep. 108

Weak Data Belies Fed’s Upbeat Narrative – Ep. 108

* The U.S. stock market finished out this holiday-shortened week on an upnote with the Dow Jones up just over 100 points * This was the best week the market has had since March * The dollar was soft...

11 Sep 201522min

Rate Hike Fear JOLTS Markets – Ep. 107

Rate Hike Fear JOLTS Markets – Ep. 107

* Another day, another 450-point swing in the Dow Jones * The market opened about 250 points higher off the back of overseas markets * Japan was the standout; it was up about 7% on the hope of more ...

10 Sep 201531min

Did August Jobs Ready Fed for Sept. Rate Hike?

Did August Jobs Ready Fed for Sept. Rate Hike?

* Earlier today we released the most important Non-Farm Payroll report ever, at least according to the media * A WSJ article stated that this report could "seal the deal" on rate hikes * Interest ra...

4 Sep 201530min

Fed Casts Extras In Its Rate Hike Show

Fed Casts Extras In Its Rate Hike Show

* The Dow just finished its worst month in over 4 years * A lot has happened in the market since I recorded my last podcast * When I recorded that podcast, I had anticipated a "Turnaround Tuesday" w...

1 Sep 201533min

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