Democracy is an illusion! It’s become a political system fostered by the élite, for the élite, in order to fool the people that they have a stake in the system. In actual fact, they have virtually none. The whole political system in the modern era, despite having noble beginnings, is now used to benefit the few at the expense of the many. – Mark Alexander, June 29, 2018
The Federal Reserve has given another $112 billion to Wall Street. Hardly a sign of a “thriving economy.” David Stockman, former budget director for President Ronald Reagan and author of “Peak Trump: The Undrainable Swamp and the Fantasy of MAGA” joins Rick Sanchez to share his insights. He argues the market “can’t digest” all the money flooding into Wall Street and that the Federal Reserve responded with panic.
Rick Sanchez explains how the importance of oil is what made the US the internationally recognized world reserve currency. But now the Kingdom of Saudi Arabia is threatening to sell its oil in alternative currency if Washington passes the “NOPEC” bill, aimed at applying economic pressure to oil-exporting countries. RT America’s John Huddy joins Rick Sanchez to discuss.
