WallStForMainSt: Kyle Bass Says DC is Working On Giving Americans $10k in Cash ASAP?
Yesterday, on Friday, April 24th 2020 hedge fund manager Kyle Bass Tweeted out this new eagle plan that his senior political official contacts in DC are already working on. Read this Tweet and a few others related to it here: https://twitter.com/Jkylebass/status/1253699340507414528 More details may be out as early as Tuesday, but Bass claims how all Americans will be eligible to get $10,000 in cash immediately if they volunteer to move their Social Security and Medicare benefits back one year. Bass talks about how this is a good deal for young adult Americans who are cash strapped now and could use those extra $$ to pay bills but not good for older Americans already in retirement or close to retirement https://twitter.com/Jkylebass/status/1253725813129859074 According to Bass this new plan would be a net positive for US government finances and unfunded liabilities that are owed in the future https://twitter.com/Jkylebass/status/1253699923066925058 Today's purchasing power of the Dollar will almost definitely be worth a lot more than the purchasing power of a Dollar 10, 20, 30, 40 or 50 years from now. If the Dollar still exists or has not had a Plaza accord or worse massive devaluation. https://en.wikipedia.org/wiki/Plaza_Accord Let's hope that if this new policy does come to fruition that many Americans do not squander their newfound cash on many frivolous things like hookers, cocaine, stripper poles, dildos or tigers like what has happened to some of the people who bragged on social media how they spent their $1200 stimulus checks. Stimulus checks are being spent on dildos, tigers, guns and stripper poles https://nypost.com/2020/04/15/stimulus-checks-are-being-spent-on-dildos-tigers-guns-and-stripper-poles Please visit the Wall St for Main St website here: http://www.wallstformainst.com/ Follow Jason Burack on Twitter @JasonEBurack Follow Wall St for Main St on Twitter @WallStforMainSt You can also checkout the Wall St for Main St Facebook Fanpage at http://www.facebook.com/WallStforMainSt or the Wall St for Main St Facebook Group where you can learn and join in on the conversation! Commit to tipping us monthly for our hard work creating high level, thought provoking content that includes interviews with top experts, analysis and short videos about investing and the economy https://www.patreon.com/wallstformainst Also, please take 5 minutes to leave us a good iTunes review here! We only have about 75 5 star iTunes reviews and we need to get to our goal of 100 5 star iTunes reviews asap! https://itunes.apple.com/us/podcast/wall-street-for-main-street/id506204437 If you feel like donating fiat via Paypal, Bitcoin, Gold Money, or mailing us some physical gold or silver, Wall St for Main St accepts one time donations on our main website or through Paypal. Send one time donations to our Paypal to the email address: [email protected] Donate Crypto Currency to WS4MS: Send Bitcoin to: 1N5iDrazojYX5rWxmoyp982RDXJzJrFoPC Send Ethereum (ETH) to: 0x748dD59fA5d5dF80E8C0038DD4F60DAb810fe61a Send Litecoin to: MW7g44j5FX9CYEkvfPvxsW5dFjHY84yup4 Send DASH to: XuEEhWptwf1XxP2nFYQxmBfBBJYehqRoBJ Send Zcash (ZEC) to: t1MGcxyWpiH6JeyF9nnWHw9poRpvTW4PT6S Send Bitcoin Cash (BCH) to: qr7mp7f053rwnpxalxljl3f9x5tulzv53ya88d7wch Wall St for Main St is also available for personalized investor education and paid research work (we write research reports and teach). Please email us to learn more about the research work we offer at: [email protected] **DISCLAIMER- ANYTHING MENTIONED DURING THIS AUDIO OR SHORT VIDEO RECORDING IS FOR INFORMATION & EDUCATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE INVESTMENT ADVICE. JASON BURACK AND HIS GUESTS ARE MERELY STATING THEIR OPINIONS ON DIFFERENT TOPICS RELATED TO INVESTING, THE ECONOMY, MARKETS OR COMPANIES. PLEASE TALK TO YOUR INVESTMENT ADVISOR AND DO ADDITIONAL RESEARCH AND DUE DILIGENCE ON YOUR OWN BEFORE INVESTING AND MAKING IMPORTANT INVESTMENT DECISIONS.- DISCLAIMER**
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