IS THE STOCK MARKET REALLY ABOUT TO GO FULL MELTDOWN? By Gregory Mannarino
From Greg M
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Greg, how about the Bidenstein Monster? That name would convey the idea that Biden is something dreadful while not subjecting you to the BS accusations from the Pharisees of being an antisemite for using the -stein suffix. Just a thought, maybe good, maybe not.
In the waning hours of 2020, both houses of Congress passed The Consolidated Appropriations Act of 2021.
Former President Trump signed the bill into existence on December 27, 2020, and it took effect on January 1, 2021.
The Act is a $2.3 trillion spending bill that combines $900 billion of COVID-19 stimulus relief with $1.4 trillion earmarked to keep government doors open until the next budget is passed.
More importantly — buried deep into the 5,593-page bill is a subtle revision to Internal Revenue Code (IRC) § 7702 that could change Cash Flow Banking forever.
Some are calling it a "boon" (for good reasons)...
But there are significant trade-offs, too.