Ep. 343 – $6 Trillion: That Oughta Do It!

The Kapital News
The Kapital News
Ep. 343 - $6 Trillion: That Oughta Do It!

Today, we finally get a “hard” number on how much all of this “stimulus” nonsense is going to cost us. Sit down. Strap yourselves in. According to Larry Kudlow, White House Economic Adviser, it’s going to total $6 trillion! This will be broken down between the government ($2T) and the Federal Reserve ($4T). This is of course a huge amount of money and is equivalent to nearly 1/3 of annual US GDP. And we’re about to throw that much money into the system immediately! And don’t be surprised if this number keeps climbing. Look out below, because who knows how all of this is going to play out. But we imagine it will add a good deal a volatility to the system. A lot of unknowns will remain. There is no free lunch, so, on the other side of this, be prepared for high levels of inflation if not hyperinflation. This means that all of this stimulus will have been for naught because any purchasing power you have saved or earned is now going to evaporate due to the effects of said inflation. By how much will simply be a question of degree and how money makes its way through the system. This is beyond ridiculous. This is downright criminal. And instead of focusing on the $6T figure, our politicians seem to find any and all excuse to blame the other side on pointless details, which only serves the purpose of distraction. Pay no attention to the man behind the curtain – says the man behind the curtain. Stay diversified, stay vigilant, and stay with The Kapital News. #Economy #Bailouts #Debt #EndTheFed #Republic #Freedom #Liberty #USA #Recession

Join the discussion...