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COVID Stimulus Spending May Lead to Inflation. Are Cryptocurrencies and Gold Viable Hedges?

by JD Rucker
February 28, 2021
Z-Flu

Via PJ Media.

The Democrats are set to pass yet another big-spending bill they claim is COVID-19 relief. As with previous bills during the pandemic, there’s less COVID relief in it and a whole lot of other things that have nothing to do with helping Americans struggling through the pandemic. It’s packed with reckless spending that will typify the Democrats’ control of Washington over the next couple of years.

The very first congressional COVID “relief” bill struck me as big spenders treating it as a genie jumping out of a Christmas tree. That was the $2.2 trillion CARES Act, passed in late March 2020. It was less targeted relief for the pandemic and its lockdowns and unemployment than Congress seeing the opportunity to have all its spending wishes fulfilled at the expense of future generations.

The House has passed its $1.9 trillion bill this past week. It faces an uncertain future in the evenly divided Senate. Supposing it passes, that will be more than $4 trillion spent in the past year just on so-called relief, which is less relief than Congress using the true crisis to go on a series of spending binges.

Bath Robes

Congress acts as if this massive, unimaginable federal spending will not have any negative consequences, but it almost certainly will. Something that cannot go on forever will not go on forever. Massive, unchecked, and irresponsible federal spending cannot go on forever without an almost Newtonian reaction. For every physical action, Sir Isaac Newton discovered, there’s an equal and opposite reaction. While that applies to physics, we see it work out in politics, too. For every policy proposal there’s always pushback. Every time Congress intervenes in the economy, there are consequences. Raising the minimum wage gives some workers raises and costs others their jobs and the value of the dollar overall may decline as employers pass their new costs on to consumers. What’s the reaction to the world’s currency being printed by the trillion mainly to bail out blue states that haven’t spent responsibly in decades, other than wearing out the printing presses?

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For us to continue to deliver the truth that Americans need to read and hear, we ask you, our amazing audience, for financial assistance. We have a Giving Fuel page to help us pay the bills. It’s brand new so don’t be discouraged by the lack of donations there. It’s a funny reality that the fewer the donations that have been made, the less likely people are willing to donate to it. One would think this is counterintuitive, but sometimes people are skeptical because they think that perhaps there’s a reason others haven’t been donating. In our situation, we’re just getting started so please don’t be shy if you have the means to help.

Thank you and God bless!

JD Rucker

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  • About Us
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© 2020 Conservative Playlist - A Drudge Report replacement with news, videos, and podcasts.

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  • About Us
  • Archive
  • Archive 2
  • Conservative Playlist
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  • Fight ‘the purge’ and the left with the truth
  • Subscribe to our free daily newsletter
  • We’re not trying to be the new Drudge. We are building something better.

© 2020 Conservative Playlist - A Drudge Report replacement with news, videos, and podcasts.

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