2020: How Socialism Takes Over America
Do you remember the subprime mortgage crisis and how it triggered the stock market crash and the 2008 financial collapse?
The crisis where the bankers on Wall Street got to keep their penthouses on Central Park West, their weekend mansions in the Hamptons, their private Gulfstream jets, their Ferraris and their million-dollar bonus checks…
Where those of us on Main Street lost our jobs (8.7 million of them), our homes (10 million of them), and over half the value of our retirement accounts when the stock market collapsed by 53%?
And don’t forget the part about who got stuck with the bill.
Remember how we were told the original bailout was going to be for $700 billion and how the money was supposed to be used to buy up all the bad mortgages…
But instead, how it turned into a $29 trillion hand out to Wall Street and their cronies before everything was said and done?
Well, I’ve got some bad news for you…
It’s about to happen again.
Allow me to explain.
The Next Big Financial Crisis is Coming
You see, there’s another financial crisis on the horizon — one most Americans don’t see coming.
But the Democrats do.
And it’s a crisis they’re not going to let go to waste.
In fact, they’re planning to use it to steal the 2020 Election and then stick you with the bill.
And they’re going to do it by buying votes with your money.
So what’s the crisis and how are they going to buy all those votes?
You see, there are now over 45 million Americans with student loan debt totaling a staggering $1.5 trillion.
And here’s the game changer…
Student loan debt is now larger than both auto loan and credit card debt, second only to mortgage debt.
And here’s where the similarities to the 2008 subprime mortgage crisis come into play…
There are now 5.4 million Americans who are over 90 days past due on their student loan payments.
And another 5.1 million Americans whose student loans totaling $101.4 billion are already in default.
Now change the word “Americans” to “voters.”
That means there are now over 10.5 million “voters” who can’t — or won’t — make their student loan payments.
And another 35 million “voters,” many of whom will soon find themselves in the same boat.
The reason I want you to think of these numbers in terms of “voters,” is because that’s how the Democrats are thinking.
Now, I’m sure you’re aware of the plans from Bernie Sanders, Elizabeth Warren and other Democrats to forgive and completely wipe out all student loan debt.
But before you dismiss that as something that America will never let happen, here’s a couple of other numbers from the Department of Education to keep in mind…
As of 2017, the average graduate now leaves college with a student loan balance of $28,650.
49% of recent graduates have not made a single payment on their student loans within the first five years of graduation.
And 38.2% of students who first borrowed money in 2004 are projected to default by 2023.
How many of those people do you think are going to be willing to trade their vote in return for the Democrats wiping out their $28,650 in student loan debt?
Don’t forget how close the election was in 2016.
It won’t take many votes to flip swing-states in 2020, and there’s a pool of 45 million “voters” they’re going to make this offer to.
And then there’s this…
51% of those with student loan debt now say they would change their field of study, their degree, or the college they attended.
And only 11% of American businesses say they’re satisfied that America’s colleges are producing graduates “with the skills and competencies my business needs.”
Are you seeing where all this is heading?
Tens of millions of “voters” have woken up to the fact (as have American businesses), that their degrees in gender studies, social justice theory and advanced virtue signaling have no value in the marketplace.
Not to mention awakening to the fact that using student loan money to trade up to the latest model of the iPhone every year…
And the fact that using borrowed money to fund spring break vacations to Cabo and food and beverage binges each weekend wasn’t such a good idea after all.
And guess who’s now going to pay for all that…
And here’s another thing I want you to keep in mind — it’s the story behind the story that no one is telling you.
You see, there’s someone else besides the borrowers who are panicking over the student loan crisis…
An Offer That Big Banks Can’t Refuse
Now keep in mind that three of the largest players in the student loan game are Citigroup, JP Morgan Chase and Wells Fargo.
And they’re not getting paid.
The student loan paper they’re now holding is becoming as worthless as the subprime mortgage loan paper they held going into 2007-2008.
And the Democrats are about to make them an offer they can’t refuse.
The same offer millions of “voters” won’t refuse.
An offer that will bail out the banks and up to 45 million “voters.”
And create a permanent one-party political system in America.
Now, if you think the “capitalist” bankers on Wall Street will never go for socialism, keep this in mind…
They love it, because they’re usually the biggest beneficiaries of it, just like they were in 2008.
Emails from Citigroup to the Obama administration revealed by WikiLeaks, showed that Citigroup literally hand-picked Barack Obama’s cabinet upon election in 2008.
And don’t forget this interesting tidbit…
Three of the seven largest campaign donors to Barack Obama in 2008 were Goldman Sachs, Citigroup, and JP Morgan Chase, all major beneficiaries of the 2008 banker bailout.
And let’s not forget perhaps the biggest beneficiary of the 2008 bailouts was also one of its biggest backers…
Warren Buffet with his investment in Wells Fargo, not to mention the sweetheart deal he got with Goldman Sachs.
Another reason Wall Street is going to embrace this deal, is because if the Democrats are elected in 2020, it’s not just going to be about student loans.
It’s the reason Wall Street and the Democrats are going to team up again in 2020.
In case you haven’t noticed, something is badly broken in the financial markets.
The Federal Reserve has been pumping tens of billions of dollars into the over-night repo market to keep the system afloat… and no one seems to know why?
Then there’s the subprime auto loan market which is also blowing up.
Not to mention what is perhaps the mother of all political and financial crisis on the horizon…
The public and private pension crisis — which will require a massive bailout of the bankrupt government employee and union pension plans — both dominated by democrat voters.
There’s an old saying…
Fool me once, shame on you.
Fool me twice, shame on me.
Please America, don’t be fooled twice.
Because the 2020 election is going to be the most important election of our lifetime.
And if the Democrats win, there won’t be any coming back from this one.
Their long desired “complete transformation of America” will be in hand.
And there will be one-party rule and everything that brings with it for decades to come…
Socialism, the re-distribution of wealth, confiscatory taxes, government controlled healthcare, open borders, censorship, the loss of 1st and 2nd Amendment rights.
And if you look at the history of socialism… much, much worse.
There’s only one thing standing in their way…
Your voice and your vote.
Thanks for reading,
Contributing Editor for Whiskey & Gunpowder