Saturday, July 12, 2025

Latest

Steve Bannon is a Socialist: Merge the Fed and Treasury, Start Buying Corporate Debt

Prior to the Stimulus Package passing, an interview that fell under the radar last week was Steven Bannon on Fox News with Maria Bartiromo. Bannon served as White House Chief Strategist in the administration of U.S. President Donald Trump during the first seven months of Trump’s presidency. It’s hard to watch this and not ask the question, is Steve Bannon a socialist?

Merge the balance sheet of the Fed and the Treasury and use that as a lender of last resort to actual corporations.

He suggests the ECB and Bank of England is already doing this and acknowledges it will blow up the balance sheet.

He also stresses the urgency of flattening the curve in a way only Bannon could, “I don’t think we have months to do this.. I think what should happen, and my recommendation would be to drop the hammer, don’t mitigate the virus, don’t spread the curve, shatter the curve.”

Part of his ideas is needing to find a way to get money in the hands of those on main street; which was announced later in the week with the stimulus package getting through the House early Friday. He’s likely thrilled with the $50B in bailouts for airlines passing inside the Bill.

Bannon suggests that he is known as “Trump’s best student.” God help us!


Information for this briefing was found via Fox News. The author has no securities or affiliations with any of the mentioned securities. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Mergers Set the Stage for Uranium’s Growth Cycle | Forum-Baselode Merger

The Goal is Gold Production as Soon as Possible! | Gordon Robb – ESGOLD Corp.

Snowline Gold: The Multi Billion Dollar Valley PEA

Recommended

First Majestic Produces 7.9 Silver Equivalent Ounces In Q2, Lifts Production Guidance

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

Related News

Meat Processing Plants Turning to Robot Butchers to Reduce Coronavirus Infection Rates Among Workers

As the coronavirus pandemic continues to sweep across the US with record breaking infection rates,...

Sunday, July 12, 2020, 03:01:00 PM

Curaleaf Breaks Trend, Begins Hiring Due To Pandemic Demands

It appears that Curaleaf Holdings (CSE: CURA) has broken the latest trend in the cannabis...

Tuesday, March 24, 2020, 08:52:04 AM

Trump’s Economic Advisor Makes Grim Prediction Regarding Q2 GDP and Unemployment Rate

Kevin Hassett, who is the White House economic advisor, is anticipating very grim GDP and...

Tuesday, April 28, 2020, 03:00:00 PM

Coronavirus Pandemic Could Wipe Out Up To $30 Trillion from the Global Economy: McKinsey Global Institute

If production disruptions last for a span of at least 100 days amid the coronavirus...

Saturday, August 15, 2020, 11:16:00 AM

Revive Appoints Infectious Disease Expert As Scientific Adviser

Revive Therapeutics (CSE: RVV) this morning announced that they have appointed Dr David Boulware as...

Tuesday, March 24, 2020, 10:35:22 AM