So little time to turn this massive ship onto a different course. But DJT and his cabinet are giving it their best shot, God love 'em:
Excerpts:
"The four to six big banks (JP Morgan-Chase, Bank of America, Citigroup, Wells Fargo, US BanCorp and Mellon) now control $9+ trillion (that’s “TRILLION). Their size is so enormous that small group now controls most of the U.S. financial market.
Because they control so much of the financial market, instituting a Glass-Steagall firewall between commercial and investment divisions (in addition to the Dodd-Frank liquid holding requirements), would mean the capability of small and mid-size businesses to get the loans needed to expand or even keep their operations running would stop.
2010’s “Too few, too big to fail” became 2016’s “EVEN FEWER, EVEN BIGGER to fail”.
President Trump and Secretary Mnuchin are working to create a parallel banking system of community and credit union banks that are external to Dodd Frank regulations and can act as the primary commercial banks for small to mid-sized businesses.
Instead of firewalling an individual bank internally within its organization, the Trump/Mnuchin plan looks to be firewalling the banking ‘system’ within the U.S. internally. Hope that makes sense.
Understanding the disconnect between an actual company on the stock market, and the bets for and against that company stock, helps to understand what can happen when fiscal policy is geared toward the underlying company (Main Street MAGAnomics), and not toward the bets therein (Investment Class).
Specifically due to most recent U.S. fiscal policy, modern multinational banks, including all of the investment products therein, are more closely attached to this investment system on Wall Street. It stands to reason they are at greater risk of financial losses overall with a shift in fiscal policy.
That financial and economic risk is the basic reason behind Trump and Mnuchin putting a protective, secondary and parallel, banking system in place for Main Street.
Big multinational banks can suffer big losses from their investments, and yet the Main Street economy can continue growing, and have access to capital, uninterrupted."
https://theconservativetreehouse.com/2018/11/10/peter-navarro-warns-wall-street-globalists-stand-down-or-else/#more-156509
https://videos.files.wordpress.com/0kCDXSwK/peter-navarroc2a0warns-wall-street-on-interference-in-china-trade-talks_dvd.mp4
https://youtu.be/AybHwCJ0BHk