Ep. 346 – The Moral Hazard of it All

The Kapital News
The Kapital News
Ep. 346 - The Moral Hazard of it All

Today, the President signed into law the CARES Act, the bailout package for corporations and the public at large with a price tag of $2.2 T. Both parties celebrate the passage of the bill and just think it’s the greatest thing ever – but it isn’t. It contains pork, it sets itself up to be taken advantage of by the fraudsters out there, it bails out corporations that squandered their resources over the past decade, and it creates another huge moral hazard. But who cares, collect your $1,200 check from Uncle Sam and sit down and shut up! Don’t ask questions as to how this is to be paid for. Don’t ask questions as to what’s going to happen on the other side of this. Don’t ask if the “medicine” is going to be worse than the disease. No, no. Just sit down and shut up and collect your check. We are in the last days of the American Republic – there is no doubt about this. From a Constitutional Republic to a banana republic with a few votes and the swipe of a pen. And from free-market capitalism (a long time ago), to nationalization and bailout nation. Ever hear of stagflation? Inflation? Or hyperinflation? Regardless, as to whether you have or not, we would suggest you study up on these things to get a sense as to what comes next. Stay diversified, stay vigilant, and stay with The Kapital News. #Economy #Republic #Bailouts #Debt #Constitution #Congress #Recession #Depression #USA #Gold

Join the discussion...