Title: Urgent Market Update: Currency Oblivion Coming (Coronavirus impact on markets) Source:
[None] URL Source:https://www.youtube.com/watch?v=D6OyK6dg3Uo Published:Mar 5, 2020 Author:Mike Malony Post Date:2020-03-05 20:47:49 by Pinguinite Keywords:None Views:592 Comments:2
Mike examines the recent past and current activities of the Fed and Gov in response to the coronavirus and what that means for the markets. His future scenario assumes the virus will spiral out of control throughout most of the world.
The accounting trick he is talking about during the Clinton years to balance the budget was they borrowed all the money from Social Security Trust Fund and left IOUs in there. Now all Social Security payments must be budgeted. This was simply robbing Peter to pay Paul. ;)
"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke
Mike says he is hoping for $14 silver. I have some of that I paid $6.50 and $7.50 ounce for many years ago. We can only wait to see what happens next. ;)
"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke