by Gary Christenson
Breaking News: The NASDAQ 100 Index closed at 10,094 on June 10, 2020, an all-time high, and the Fed recently printed $3 trillion of fiat dollars. Fed “printing” levitated stock prices and increased the wealth of the financial and political elite. However, “currency printing” and QE4ever do not create prosperity, wealth, social contentment, jobs, gold, silver, sanity, or health.
The COVID-19 virus and the ongoing economic shutdown have increased suicides, unemployment (over 44 million have filed), drug abuse, alcoholism, child abuse, anger, riots, and bankruptcies. But the Fed is doing what it does best: creating dollars; transferring wealth from the many to the few; increasing consumer price inflation; and lying about their actions.
Our doctors and politicians demanded we drink the “mask and lockdown Kool-Aid”… Maybe they saved many lives… Above my paygrade…