Bailouts For Corporations And The 1% While Lenders Begin Cutting Loans To The Poor! This Won”t Last (Video)
Bailouts For Corporations And The 1% While Lenders Begin Cutting Loans To The Poor! This Won”t Last Video by Silver Report
We are entering a forced awakening! Many have been asleep to the fact our economy has never recovered from the great recession. We have heard continuous reminders of a record-high stock market and many have come to believe this is the economy. The wealthiest Americans own 88% of equities and the Feds anything it takes approach to a stock market crash doesn’t support the millions who have lost their jobs.
While it may have been easy to mislead them into believing we were in the greatest economy ever by simply repeating this phrase again and again. Soon the realities will set in and as the corporations who have spent all their free cash on stock buybacks to benefit their wealthy investors now receive trillions in free money. This comes at a time when lenders have begun to seriously tighten credit standards like JP Morgans move to require a 700 credit score and 20% downpayment to obtain a mortgage. Wall Street which they have been so desperate to preserve their wealth has turned on the common man and this is a recipe for trouble.
Many will be caught off guard and the greatest depression for the people and free money for corporations which mainly serve the rich will reach it’s boiling point soon. We have entered the late stages of Fiat currency and while the Fed would like to suggest that this is only a temporary program to help support the economy. The truth is they have turned our economy into a zombie economy that can no longer sustain itself without permanent intervention.