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A Bailout: What could go wrong?
Apr 13, 2020 @ 7:00 pm - 8:00 pm
Kentucky worshipers met with nails in the driveways of church holding drive-in service.
Kerry Lutz of Financial Survival Network says, the economy is in shutdown. And the damage to our economy is going to be far worse than any damage the actual virus would have done.
Now it looks like media is suppressing the recovery numbers. They won’t be able to do that for long, and once they start reopening some businesses, they won’t be able to stop the rest of them! Government can’t pick winners and losers, and they’re already doing that to a certain extent with Walmart and grocery stores.
You can automatically get 180 days of forebearance by just asking.
The only solution is a legislated Debt Jubilee. Otherwise bankruptcies will collapse everything. Asset holders will have to be bailed out and restructured. It’s the only way out at this point.
Kerry says, if you have extra money, buy silver. Gold is too high right now. Silver is still depressed.
As usual, the American Taxpayer is getting the short end of the bail-out stick. Since we’re already running trillion-plus deficits, the taxpayer won’t be directly picking up the tab for the latest round of corporate welfare transfer payments. Rather currency holders, savers, bond holders and society will at the cost of seeing their assets debased by inflation. And for what?
Caller says there’s a conspiracy going on. Beijing and Shanghai aren’t on lockdown and aren’t reporting any deaths. The CCP (Chinese Communist Party) are only concerned about maintaining power and don’t care who dies in process of maintaining control.