from Kerry Lutz's Financial Survival Network
Gary Wagner was shocked by Biden’s speech on allocation of funds. We spent $4 trillion last year. When does it end? We’re spending like there’s no tomorrow. We’re looking at another $4 trillion for this year. When the Treasury spends on stimulus, that’s when inflation really takes place. Copper is going up due to commodity price inflation and also on China’s demand. There’s a new normal coming once the pandemic has run its course. We still have 12 million out of work. Many less people able to support their families. Moratorium on evictions and foreclosures. The government is going to pay.
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