from Silver Report Uncut:

Mnuchin Says The Banks Want $200 Billion More After Only 3 Days Due To Huge Demand For PPP Loans

VIDEO:

McConnell, We must move quickly! It’s Been three days! The money they gave the banks isn’t exhausted yet many haven’t even had the chance to get loans using the program. Now Mitch McConnell is saying we need to move fast and give the big banks $200 billion more and we must do it by “unanimous consent or a voice vote” that’s the key in all of this that they don’t want to go on record as a yea or a nay. They are now passing massive stimulus for the bank’s bills without even a vote. My question is and has always been why does this money need to be funneled through the banks. The banks are collecting interest and the struggling businesses in this nation have collapsing confidence in their economic prospects. If this money is for the small businesses why are we not just giving it to them or just giving it to the employees since it is the paycheck protection program? I am not advocating for endless money printing but the newest suggestion from the economic advisor is that we give the Fed the authority to purchase equities outright. Since the wealthiest Americans own the majority of equities it seems like we are talking about leveraging the weight of the Feds money printer to benefit the wealthy. Money printing has consequences and to prop up the wealthy is not worth destroying the Dollar.