#bigbanks

The guys talk about the current bank buybacks they are at an all-time high. Ray Dalio on bitcoin. He is basically saying what Joe has been saying, if it becomes relevant the central bank will crush it.  Plus, Michael Invest on the stock market crash. Also, China will not buy Tesla.

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Biden, Yellen, Powell.  One is weak, one is ruthless and one clueless. Repo market, the big banks don’t like the debt that is out there. Junk bonds are bad bets as well. Our economic freedoms are at risk. Prepare now. 

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Democrats have cost the US thousands of job so far. Oil industry gets a huge hit. You are going to miss two dollar gasoline.  Also, fair access to financial services, which means big banks will only loan to industries that they deem acceptable. Discrimination… Not for the big banks!  Plus GM to sell only electric cars by 2035. Do you think potholes are bad now… just wait until there isn’t any more gas tax to collect.

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The law of economics don’t stop because the Fed says so. Set aside everything that was a train wreck last year and you still have to look at the disaster that was the US monetary system.  Trillions of dollars borrowed by the big banks…so the Fed just stopped reporting it. Despite COVD the only two months that we had reports of real job losses are April and December?  How is this possible.  We are now facing the most progressive government in our history. Get ready to pay for it. 

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Financial stability oversight council simply stopped reporting how much money was going to mega backs. Bank have liquidity problems. 
Plus jobless claim numbers..Nowhere near this bad, this long, in quite some time. 

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COVID-19 shut down continues. Don’t be out after 10pm!  Death rate of COVIC19 - 2.5% and falling. Because of COVID banks are wanting to carry more bad loans.

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Vaccine - who will be first? Big banks city JP Morgan with no loan loss reserves?
AMC in debt, Best Western in debt, Delta in debt. Another round of PPP needed?
Illinois needs more money… of course. Social Security update.
And Joe will tell you how you can take care of your anxiety.   

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Danielle DiMartino Booth on the Fed and the Virtual Jackson Hole meeting.
Jobless claims. No rate increase for a long time. 
Dems hope the crash of the economy will win them votes. 
Less and less banks every year. 
2021 the mom and pop businesses will be gone forever.

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The new "skinny" trade might just be a give away to the banks - plus the details on QE 4 - just don't call it QE 4

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Patriot Trading Group Call us: 800-951-0592
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Buying, Selling, or Trading Gold and Silver

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Patriot Trading Group Call us: 800-951-0592
allamericangold.com
Buying, Selling, or Trading Gold and Silver

See omnystudio.com/listener for privacy information.