Well it’s official – the US Senate late in the evening passed the $2T stimulus package. Some of the scariest words out there are, “I’m from the government, and I’m here to help.” Even before this stimulus measure was passed, there have been comments about conducting another round of stimulus. These people are sick. And they clearly have no idea what awaits us on the other side. For if they did, I would hope that they would not have advocated and voted for such a program. Of course, what awaits us on the other side is inflation, if not hyperinflation. The amount of debt and currency that needs to be “created” to fund this nonsense is likely going to be in the ten(s) of trillions of dollars.
So let’s get this straight. The US economy quasi shuts down for a month, maybe two, and we have to juice the markets with at least $6T? US GDP is around $21T, so why do we need so much “stimulus” from the Fed and the Congress? Do people and corporations not have any savings at all? This is the bottomless pit, and the government, along the Fed think they can fill it up with “stimulus.” This would be laughable if it wasn’t so destructive to so many people. This short-term shot of “juice” is going to take years to be paid back and we’re all going to feel it when the effects of inflation/hyperinflation take root. Stay diversified, stay vigilant, and stay with The Kapital News. #Economy #Recession #Bailouts #Debt #Republic #Congress #USA #EndTheFed