Will Ripple (XRP) Leave America?

Those people fear the United States is no longer a safe place to conduct business. The executives fear that coronavirus, political unrest, riots, violence, economic upheavals, and income inequality make America a dangerous place to do business.

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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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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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