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 Fast Growing Trees and use my code GOLD for a great deal: https://www.fast-growing-trees.com * Check out GhostBed: https://ghostbed.com/PETER * Check out Grammarly: https://grammarly.com * 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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Longest bull market in history officially ends – Ep 545

Longest bull market in history officially ends – Ep 545

Longest bull market in US history is officially over and it’s the fastest we’ve ever gone from record highs to a bear market. The same financial anchors who said not to worry about the banks in 2008 ...

12 Mars 202034min

Did fiscal stimulus just prick the bond bubble? – Ep 544

Did fiscal stimulus just prick the bond bubble? – Ep 544

Markets, bitcoin, and the dollar had a Reversal Tuesday fueled by Trump’s promise of massive artificial fiscal stimulus. Trump trying to buy a second term, but with democrats holding stimulus hostage,...

11 Mars 202042min

It’s not the oil, it’s the debt – Ep 543

It’s not the oil, it’s the debt – Ep 543

Oil war that began today will bankrupt many US companies. 60% of stocks in Russell 2000 are lower now than when Donald “the stock market president” Trump  took office. Financials continue to get clobb...

10 Mars 202039min

Financial conditions are rapidly deteriorating – Ep 542

Financial conditions are rapidly deteriorating – Ep 542

Week closes out with another big drop in the markets. Nasdaq and Russell 2000 hit new lows. Russell 2000 on-track to have lost value during Trump’s four years in office. Oil prices are plunging, whic...

7 Mars 202033min

Multiple bubbles pricked by same pin – Ep 541

Multiple bubbles pricked by same pin – Ep 541

Another huge move down in the markets today. Heavy carnage in the banks as treasury yields plunge. Fed’s days of bubble blowing are over. Next dose of stimulus will be the overdose. Coronavirus may b...

6 Mars 202033min

The Fed’s gonna need a bigger rate cut – Ep 540

The Fed’s gonna need a bigger rate cut – Ep 540

* More bearish technical signs in the market. Fed issues an historic 50-basis-point, inter-meeting, emergency rate cut. Investors are realizing Fed can’t cure the coronavirus or the markets with their...

4 Mars 202034min

Stimulus overdose to propel gold to new highs  – Ep 539

Stimulus overdose to propel gold to new highs – Ep 539

Bear markets have notoriously big rallies as they fall down the slope of hope. Today’s record breaking 1200 point rally in the Dow may be an example of that. Markets betting on a 50 basis point rate c...

3 Mars 202033min

When a market priced for perfection doesn’t get it  – Ep 538

When a market priced for perfection doesn’t get it – Ep 538

* Dow down 404% with a record 1200 point drop. * Coronavirus damage to the market cannot be undone * Major discounts in the gold mining stocks * Coronavirus task force is more like a plunge prot...

28 Feb 202038min

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