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

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Did The Fed’s Luck Run Out On Friday The 13th? – Ep. 118

Did The Fed’s Luck Run Out On Friday The 13th? – Ep. 118

* Friday the 13 was an unlucky day on Wall Street * The Dow was down over 200 points - the second back to back decline of over 1% since August * What was happening in August? Everybody was convinced...

14 Nov 201518min

Markets, Economy, Republican Debates – Ep. 117

Markets, Economy, Republican Debates – Ep. 117

* When I recorded my last video blog, I mentioned how positively the market reacted to jobs report, which could signal the Fed to raise rates * I said there might be a delayed reaction and, in fact i...

13 Nov 201535min

Over-Hyped Oct. Jobs Report Does Not Assure Dec. Rate Hike – Schiff Report

Over-Hyped Oct. Jobs Report Does Not Assure Dec. Rate Hike – Schiff Report

* Friday, November 6, 2015 * Earlier today the government released the Non-Farm Payroll Report for the month of October * I was told that this was the most import Non-Farm Payroll report ever * The...

7 Nov 201523min

The Great Rate Hike Hoax – Ep. 116

The Great Rate Hike Hoax – Ep. 116

* Here we go again; Janet Yellen was on Capitol Hill testifying about the banking system * Forget about all her comments about how solvent the banking industry is - of course it's not * The banking ...

5 Nov 201527min

Fed Continues To Extend And Pretend On Rate Hikes – Ep.115

Fed Continues To Extend And Pretend On Rate Hikes – Ep.115

* I am recording this podcast from New Orleans, where I am attending the Investment Conference * Today, I am going to talk predominantly is the FOMC statement that came out yesterday following the co...

29 Okt 201527min

ECB Opens The Door To More QE – Ep.114

ECB Opens The Door To More QE – Ep.114

* This is the first podcast I've been able to record since the death of my father, Irwin Schiff, who passed away on Friday * If you're interested in learning more about him and the circumstances surr...

22 Okt 201525min

Walmart Is The Canary In The Retail Coal Mine –  Ep.113

Walmart Is The Canary In The Retail Coal Mine – Ep.113

* We finally got some economic news today, all of it bad * All of it "unexpected"... * Hope springs eternal on Wall Street * That's why the Federal Reserve can maintain its forecast of an interest ...

15 Okt 201524min

Fed Worried Cost of Living Not Rising Fast Enough – Ep. 112

Fed Worried Cost of Living Not Rising Fast Enough – Ep. 112

* The Dow Jones finished up almost 140 points - back over 17000 * The Dow has now rallied 1,000 points since its lows on Friday following the lower than expected Non-Farm Payroll number * The market...

9 Okt 201524min

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