The Federal Reserve is poised to spray trillions of dollars into the US economy once a massive aid package to fight the virus, and its aftershocks are signed into law. These actions are unprecedented, going beyond anything it did during the 2008 financial crisis in a sign of the extraordinary challenge facing the nation. The US government was already running massive budget deficits long before the coronavirus pandemic, and the debt was piling up at a dizzying pace. Government spending soars during the pandemic. The US national debt pushed above $24 trillion on Tuesday. That’s a $4 trillion increase in the debt since Trump took office. The US government added $1 trillion to the national debt in just six months. Trump, instead of draining the swamp, he is draining the nation. This is theft in broad daylight. Nothing more than a large wealth transfer mechanism for the rich and the connected. Spending billions of dollars in subsidies to farmers to bail them out from tariffs imposed on Americans, our dear president thinks China is paying. 👉 For the full transcript go to https://financearmageddon.blogspot.com