Former Federal Reserve Chair Bernanke Set to Benefit Greatly from Crisis

Luke and John Sneisen dive straight into the day's economic news, and today the biggest story is about former Federal Reserve Chair Ben Bernanke.

Bernanke, who is now CEO of the hedge fund Citadel, which received a bailout in 2008 and is about to be bailed out with tax payer dollars again, paid himself a whopping $435,000/hour. Meanwhile, the banksters at the IMF are now claiming (we think absurdly) that the fallout from the virus will be worse than the economic fallout. What do you think?

As the government and the federal reserve race to bailout the richest Americans, the poorest are already forming lines for bread, but are we heading for a depression?

Economic historian John Sneisen weighs in saying, in 2008 all we did was disguise the already imminent depression. Unfortunately, this time the bailouts are so much larger, and Americans should brace for the worst.

Additional topics the guys touch on in this video include:

* QE (Quantitative Easing)

* Small business Loans

* Proposed 50% tax on firearms and ammunition

* Europe's virus bond program

* Corporate Debt

* Global government overreach

* And so much more

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