by Jim W. Dean, VT Editor, …with PressTV, Tehran

[ Editor’s Note: We have a political civil war breaking out between the Trump virus command team and the state governors, and then no holes barred battle with Trump trying to set Democratic states up to take the fall for bad Covid management so he does not get blamed for it on election day.

We have not seen the political blood letting that we could see with the disastrous pandemic in an election year. And if President “It will go away”, who also goes by the name “It’s a hoax” survives this, he might want to change his name to Houdini, in honor of the famous escape artist, who ironically died by going beyond his capabilities.

As Gordon has covered in his interviews, the personal financial hammer has not fallen yet on those living from paycheck to paycheck, but come May 1rst it will, and worse by June 1 when many are two months behind on their rent or mortgages, and some on one or even two car payments.

How much less could the dollar be when this is all over?

Any cash holdings people have will be saved for food and gas as folks scramble to move in with parents or anyone they can crash with. And then there is always camping.

Local and state budgets are going to see sales taxes revenues crash, and they are without the luxury of State Fed-type banks that can pony up a quick $billion or so to bridge the shortfall. That would trigger the cancellation of all state discretionary spending plans with a ripple effect of job losses in and out of government.

As we head into primary season we could see one of the ugliest election year battle in modern history. Trump’s highly leverage properties could collapse this summer over not even being able to pay the interest on his loans. Think “bankruptcies”.

Many observers think there is no line that he would not cross to save himself because if he loses the election his legal problems could multiply tenfold, to where he could be the first ex-President to go to jail.

The IMF is already predicting a worldwide recession so imports and export will be down. And if we seen subsequent reinfections going on for two years it will be worse. Our highly leveraged banking system might do a house of cards falling down number on us all… Jim W. Dean ]

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– First published … April 19, 2020

Click on  the video to get full screen or the play button to view in smaller screen. I come in at about 7 minutes.

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Jim W. Dean is Managing Editor of Veterans Today involved in operations, development, and writing, plus an active schedule of TV and radio interviews. Read Full Complete Bio >>>

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10 COMMENTS

  1. Hi folks, Here is the PressTV site link https://urmedium.com/c/presstv/12991 – Make a note that I always hotlink the original material “PressTV” at the top of the article. It is a professional courtesy which is not followed by many. In this day and age we always need work arounds to irritate the banners and blockers. I am really surprised that in 2020 PTV cannot have embed code to display a medium viewing window.

  2. Sorry Jim, I meant Adrians youtube video link Youtube has removed the video due to violations. I watched your video on PressTv. I always like watching your PressTV debates. I also really enjoy your articles too Jim. Thank you for all your hard work. You must all have your work all cut out for you right now with covid-19 and everything else all happening. Keep up the great work!

  3. Cindy, click on the small video window in the lower left corner of the article. PressTV format does not have a medium size display format, just the little one or clicking to expand it to full screen. But it is working.

  4. Wow. Ok I admit I’m totally ignorant on US gun laws but the guys carrying military style weapons is kinda disturbing. No sign of the police. I’m used to seeing that type of armed crowds in war zones not a supposed 1st world country like the US.

  5. As you said in your introduction Mr. Dean the tale will be told when the bills come due. All the rest is just rhetoric. We will see what happens then. What the patio umbrella in Tehran and the sword swallower in Frisco don’t seem to understand is many Americans are armed better than the IDF. We set a precedent in Virginia that was not in place in 2008 and the banks and Wall Street are not going to survive a repeat of 2008. This show hasn’t even begun yet…

    • It will get even worse when landlords and repo men try to take away from those who are armed. At this point they will run up against people who have nothing left to lose. A lot of cops are going to get shot. Expect to find evictions and repossesions accompanied by swat teams. Remember always, head shots!

    • TASERS KILL .

      THE WORLD NEEDS TO RECATEGORISE TASERS AS DEADLY WEAPON AS IT IS …….

      Ususually When a Taser if Fired the Stupid Cop Loses his mind Watching the Body Twist and Turn as the High Voltage hits the Target …….. Often Cops Firing Tasers are Smirking and Grinning as the Target Dances around after being hit by a Taser ,,,, AND Pretty right away that Smirking Cop Fires the Second and the Third and the Fourth Burst of High Voltage AND Effectively KILLING The Target ……..

      TASERS ARE DEADLY WEAPONS ……. NEED TO BE RECATEGORISED AS DEADLY WEAP[ONS

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