The largest stimulus bill in history was passed two weeks ago, at more than $2 trillion. There are three methods of paying this back:
WILL THIS CAUSE INFLATION?
Economic losses by the shut down will be close to $5-6 trillion, so printing even $3 trillion will not be inflationary, according to Armstrong Economics.
People will not spend the liquid capital, but will instead hoard it since they do not trust the future.
But, the destruction of capital goods is just getting started.
Kudus to the one Congressman, Thomas Massie (R-KY), who tried to make our representatives accountable for their votes.
He once joked that the buttons our lawmakers use to vote “yea” or “nay” should be labeled “spend” and “don’t spend.”
U.S. Secretary of state Mike Pompeo told a gathering of U.S. governors that the “The Chinese People’s Association for Friendship in Foreign Countries” is a communist front group that has a list categorizing each governor as “friendly, hardline or ambiguous.” Read more at PJMedia.com.
More information: AEI’s Chinese global investment tracker
2013: Joe Biden took his son Hunter on official trip to China – ten days before communist regime’s bank signed deal with private equity firm Biden Jr. runs with John Kerry’s son. (Read more at The Daily Mail)
A map prepared by the Mexican government was published by the investigative journal Contralínea in May, 2019 showing 80% of the nation’s populated territory controlled by cartels or currently in dispute.
Color key: Red fully controlled by the cartels, yellow in dispute, green in control of the Mexican government. Blank areas mostly unpopulated.