Phillip Patrick of Birch Gold Group joins Steve Bannonâ€™s WarRoom to talk about the debt trap and the prospect of middle class being completely wiped out. Much of the nationâ€™s economic issues stem from the Federal Reserve which Bannon and Patrick unpack in todayâ€™s segment.
â€œItâ€™s the people that are bailing out the banks. This week the banks borrowed an all time record of 164.8 billion dollars from the Fed, and thatâ€™s in one week. Thatâ€™s 33% more than the worst week of the 2008 crisis. Nationalization in a sense is absolutely correct, but in many ways out right nationalization would be better at least weâ€™d get a return on our investment. Weâ€™re getting all of the downside here with none of the upside.â€