Just so everyone understands....all this "stimulus" is actually counterfeiting that benefits the ultra rich and ruling classes.
Here we thought UBI/MBI was a pipe dream but they had it all planned with the convid.
Give people crumbs...in order to enrich each other and pay back all those political promises. Side benefit they can kick the can down the road even further by devaluing the dollar against national debt owed.
The dollar isn’t losing against terms of trade. Everybody is printing in agreement.
The fly in the ointment is govts are not paying any debt off, it keeps growing.
They are printing money on top of accumulating more debt which is a no-no of biblical proportions. This is the real fuckup.
What we have is QE stuck in the banks who are pumping commodities and stocks and average Joe gets higher unemployment and zero wage inflation being fucked sideways.
Oil isn’t going up because of consumer demand. Beef isn’t going up because of consumer demand. None of the commodities are going up because of consumer demand. It’s QE stuck in the banks doing it, not consumer inflation and your debt is still increasing meaning it becomes deflationary unless they print exponentially more and take on more debt.
They haven’t started to ‘fix’ things, they are making it worse. Govts will become insolvent and that’s when you will see inflation really kick in as printing money becomes the only method of paying down debt and paying for stimulus.
