Yes, America is in a Depression

July 31, 2020 – the date on which the Cares Act $600 a week unemployment insurance payment ends. August 1, 2020 - the date on which angry mobs could start gathering on Capitol Hill and at Congressional offices.

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Proof that Basic Income Works

Hence, America just demonstrated that Basic Income works and alleviates poverty. Given these results, I think a scheme such as failed presidential candidate Andrew Yang’s (D-New York) Freedom Dividend could lead to great prosperity in America.

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Lessons you can learn from Winston Churchill

  One reason many people hate politicians; and other leaders, is their tendency to lie even in the face of ugly realities. Conversely, one of Churchill’s greatest strengths was his ability to discuss horrendous truths.

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Can the Big Banks Survive Coronavirus?

Given that potential reality, all investors need to get ready for a bumpy ride in the market. One way to prepare for that ride is to hold cash rich stocks with high margins of safety such as JPMorgan Chase & Company (NYSE: JPM). I think the banking system will survive, but that survival will be rough.

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Can We Spend Our Way out of a Depression?

Interestingly, there are those on the left who think we can finance massive welfare state expansion with deficit spending.   For example, economist; and hedge fund manager, Warren Mosler believes Medicare for All could pay for itself with savings. To explain, Mosler thinks savings from the elimination of health-insurance bureaucracy could pay for healthcare for all.

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Amazon makes too Much Money

Thus, Amazon shares are too expensive for most investors. Therefore, we need to ask if companies such as Amazon hurt average people by making stocks too expensive.

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