Joe Biden will speak today on his "Stimulus Package"

[kirtland r.m.]

Joe Biden will speak today on his "Stimulus Package", look for this to be part of it.WASHINGTON (SBG) - President-elect Joe Biden said this week that he will prioritize help for small businesses hurt by the COVID-19 pandemic based on the racial makeup and sex of their owners.https://katv.com/news/nation-world/bide ...
Sorry if you have seen this posted be me earlier in the week on another thread, but it is telling, and a glimpse of things to come.

[tribrac]

Create hyper inflation. Then only print money for your allies.

[Lizzy60]

Destroy the US economy and let China take over the world economy. Biden is doing the bidding of the Chinese and has been paid billions by them to do so. Treason. He has sold our country to the highest bidder.

[nightlight]

Create hyper inflation. Then only print money for your allies.

Create hyper inflation....then introduce a new currency

[ajax]

So he is really only extending Trumps policy, which has been an extension of Obama-Bush- Clinton .....

Status Quo. QE Infinity

[Glensfree]

So to speak. LOL

[kirtland r.m.]

U.S. Stock Futures Decline After Biden’s Spending-Bill Proposal.https://finance.yahoo.com/news/u-stocks ... 03726.htmlLike our posters have said, just wait till the hyper inflation begins, and the U.S. has an even more difficult time paying interest payments on it's massive debt.

[kirtland r.m.]

So he is really only extending Trumps policy, which has been an extension of Obama-Bush- Clinton .....

Status Quo. QE Infinity

At least President Trump used some money to rebuild and upgrade the military. He had the economy humming at record growth. Covid hit and added to debt as well. Under Biden things will quickly go to "hell in a hand basket".

“The problem with socialism is that you eventually run out of other people's money.”
― Margaret Thatcher
Stop the steal will take on an even extra new meaning in coming months.

That and family criminal behavior(alleged ha ha, right) will catch up with them to some degree even though democrats now run(stole ? yea) the government.

[ajax]

Biden to Enter White House as Crazed Big Spender
https://www.economicpolicyjournal.com/2 ... d.html?m=1

Well, we got our best indication yet of how mad a Joe Biden presidency is going to be.

Biden delivered a speech on Thursday night outlining what he called his "American Rescue Plan."

It was all about spending money, lots of it.

The package he proposed includes more than $400 billion to "combat" COVID-19, including money to accelerate vaccine deployment and to safely reopen most schools within 100 days. I note this is a virus that is not a serious threat to 99.9% of the population. There is no reason for a battle against the virus or to spend $400 billion on such an effort.

Naturally, Biden also has in his package $350 billion that would help state and local governments bridge budget shortfalls that are occurring because of the irresponsible lockdowns.

The plan would also include $1,400 direct payments to individuals, more generous unemployment benefits ( expanded unemployment benefits through the end of September, with an extra $400 weekly supplement), federally mandated paid leave for workers taking care of a COVID infected family member and large subsidies for child care costs.

He also called for a “public health jobs program” that would address his goals of bolstering the economy and the Covid-19 response while also rebuilding the nation’s public health infrastructure. The proposal would fund 100,000 public health workers to engage in vaccine outreach and contact tracing. This is, of course, nothing but inefficient, crony central planning in the healthcare sector.

The “rescue” proposal would be financed entirely through increased federal borrowing since the government has no funds to pay for such an effort. That means the Federal Reserve is going to monetize most of the borrowing which is estimated to be in the $1.5 trillion to $2 trillion range.

But Joe didn't stop there in his plan to wreck the economy. He also called on Congress to raise the federal minimum wage to $15 an hour, which would do nothing but make it impossible for the low-skilled, such as urban youth, to get that all-important first job.

Joe is about to light a firecracker under the butt of the accelerating price inflation that is coming.

Hug your gold coins.

[ajax]

“The problem with socialism is that you eventually run out of other people's money.”
― Margaret Thatcher

In the era of QE and MMP, this is not the problem of socialism, though it’s a cute quip. The real problem of socialism is the calculation problem.

But we do not live in a socialist country, it is fascist, increasingly so, which “is the system of government that cartelizes the private sector, centrally plans the economy to subsidize producers, exalts the police state as the source of order, denies fundamental rights and liberties to individuals, and makes the executive state the unlimited master of society.”
https://mises.org/library/what-fascism-1

[kirtland r.m.]

I agree with this quote from ajax, so does Rush Limbaugh, and millions of others. "...it is fascist, increasingly so, which is the system of government that cartelizes the private sector, centrally plans the economy to subsidize producers, exalts the police state as the source of order, denies fundamental rights and liberties to individuals, and makes the executive state the unlimited master of society.”

I would high lite the following in addition though. Socialism/Communism.

It’s Breathtaking to Observe What’s Going on in Our Country

Jan 15, 2021
'

We’re full-fledged communism now...https://www.rushlimbaugh.com/daily/2021 ... r-country/

One final thought, there is only a small difference in the two(socialism/communism).

The goal of socialism is communism.

Vladimir Lenin

[Lexew1899]

[James Paul]

We have reached a point when Only the Lord matters regarding our position on earth. Many will not survive.