TnAndy
Veteran Member
- Joined
- Aug 9, 2013
- Messages
- 1,993
- Location
- East Tennessee
- Tractor
- Yanmar LX410...IHI 35J excavator Woodmizer LT40
Three months? Do they think the handout money will last that long? Looks like we'll be printing a lot of money this year.
Yep....first of many checks yet to come. They are trying to figure out now how to hand out money to 5 million small businesses that turns into a free grant in a year or two (bill language yet to be seen) if they keep employees on.
In the past, all this FED action has merely been book keeping money to balance phony bank records back and forth. Once you start handing cash out to people, that 'money' turns into something real, chasing after goods and services.....the actual definition of inflation. I think we end up with an inflationary depression out of this.
And no one seems to worry about how we will pay it back.
Won't be paid back. Can't be paid back. Been zero attempt to EVER pay it back.
Federal debt is 23.6 trillion today......last time there was even a drop in the debt was in the mid 1950's. By next year this time, the debt will likely be close to 30 trillion. The phony 'balance sheet' of the FED will probably be close to 10 trillion of completely made up phony money. Money has nearly completely detached from reality.