This article was originally published by Michael Snyder at The Economic Collapse Blog.
EDITOR’S NOTE: This is all about the Great Reset agenda. People must be dependent on the government for their very survival so they can force everyone onto a fully centralized and tracked and traced digital dollar that they control. In exchange for your slavery, you’ll get a pittance – as long as you continue to obey the masters.
Our leaders are killing the U.S. dollar, and it is being done to thunderous applause.
The House and the Senate have now both passed the 1.9 trillion dollar “COVID relief bill”, and it will go to Joe Biden’s desk for his signature. Of course, we don’t actually have 1.9 trillion dollars to spend on yet another “COVID relief” package. In fact, we don’t even have one dollar to spend on another “COVID relief” package. Every single dollar that is spent will have to be borrowed, and that will soon push our national debt beyond the 30 trillion dollar mark. Sadly, our politicians seem convinced that giant mountains of dollars can be printed, borrowed, and spent indefinitely without any repercussions, and most Americans fully support what they are doing. In fact, one recent poll found that a whopping 78 percent of all Americans support more stimulus checks…
A huge majority of Americans, including nearly two-thirds of Republicans, support the $1,400 stimulus checks President Biden is calling for, and his full $1.9 trillion stimulus proposal also has strong public backing, according to a new poll from Quinnipiac University.
The poll found that 78 percent of Americans supported the stimulus checks, including 90 percent of Democrats and 64 percent of Republicans — suggesting that Republicans in Congress who want to reduce the checks to $1,000 are out of step with their constituents on this issue.
If you are in that 78 percent, you are wrong.
Yes, it is nice to get a big, fat government check in the mail. But in the process, we are rapidly destroying our currency, and what we are doing to future generations of Americans is beyond criminal.
Previous COVID relief bills have had wide bipartisan support, but this one passed almost entirely along party lines…
The final vote Saturday in the Senate was 50-49 with all Republicans voting against the measure and all members of the Senate Democratic caucus supporting it. Sen. Dan Sullivan, R-Alaska, was not present for the vote. In the House, it didn’t earn a single Republican vote in the two times the bill came to a vote.
Biden ran on his ability to broker bipartisan efforts on Capitol Hill, drawing on his 36 years in the Senate and eight years as vice president. Republicans have viewed the bill as a betrayal of the bipartisanship Biden embraced and spoke of during his campaign.
This is being called a “big win” for Biden, and when Pelosi announced that the bill had passed the House she did a little “shimmy“…
House Speaker Nancy Pelosi announced the 220-211 vote result from the chair, prompting the bill’s supporters to burst into applause. Just a single Democrat voted against it.
Her glee at the outcome was evident even though she had a mask on. She executed what her daughter Christine called a ‘shimmy’ as she gaveled down the vote in a chamber where a five-vote majority gave her very little wiggle room.
After the vote was over, House Minority Leader Kevin McCarthy referred to the COVID relief package as “socialism”…
House Minority Leader Kevin McCarthy, R-Calif., described it as a “laundry list of leftwing priorities” that “do not meet the needs of American families.”
“It is very liberal,” he said. “They called this the most progressive piece of legislation in history. For those who are watching, progressive means socialism.”
He is right, but I just wish that he would have figured that out several COVID relief packages ago.
Because the truth is that what we have already done to our currency is absolutely nightmarish. The following is the latest M1 chart from the Federal Reserve…
Thanks to our wild-spending politicians and unprecedented intervention in the financial markets by the Federal Reserve, we have now entered an era of hyperinflation.
It took from the founding of the United States to 2020 for M1 to get to 4 trillion dollars.
And then it took about one year for M1 to go from 4 trillion dollars to 18 trillion dollars.
This is utter madness.
Of course, the chart above doesn’t even reflect the impact that this new COVID relief package will have. Another 1.9 trillion dollars is about to be poured into the system, and that will make things even worse.
Needless to say, most Wall Street investors are absolutely thrilled that another tsunami of money is coming. One recent poll found that “37% of Main Street investors” plan to pour stimulus money directly into the Wall Street casino…
A recent Deutsche Bank survey found that 37% of Main Street investors, some of who could be members of the Reddit community, will plow a “large chunk” of stimulus money, about $170 billion, “directly into equities.”
These small but mighty investors have gained notoriety in recent months, creating volatility and heavy volume in a number of heavily shorted stocks, such as GameStop Corp., AMC Entertainment Holdings Inc. and Bed Bath & Beyond Inc.
That should be very good news for stocks, but of course a major “trigger event” could crash the market at any time.
So we will have to wait and see how all of this plays out.
Meanwhile, Joe Biden just announced that he will unveil “the next phase” of his administration’s response to the pandemic on Thursday…
Just hours after the House passed the Democrats’ $1.9 trillion stimulus package (which will unleash another wave of “stimmies” that will inevitably find their way into millions of Robinhood and other discount brokerage accounts), President Joe Biden said Wednesday that he would unveil “the next phase” of the US COVID-19 response on Thursday, which is also the one-year anniversary of the first COVID-inspired lockdowns in the US.
Even if more stimulus checks are not involved, any new programs that Biden announces will cost money, and that involves more borrowing.
We are printing, borrowing, and spending our way into oblivion, and we have nobody but ourselves to blame.
As I was preparing to write this article, I just kept thinking of the scene from one of the Star Wars movies where Emperor Palpatine announces that the Republic will be reorganized as “the first Galactic Empire”, and the Senate erupts in applause.
Our Republic is dying too, and our politicians are gleefully murdering the reserve currency of the entire planet.
This is not going to end well, but you already knew that.
***Michael’s new book entitled “Lost Prophecies Of The Future Of America” is now available in paperback and for the Kindle on Amazon.***
About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com. In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The End, Get Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned) By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe. I have published thousands of articles on The Economic Collapse Blog, End Of The American Dream, and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial, or health decisions. I encourage you to follow me on social media on Facebook, Twitter, and Parler, and anyway that you can share these articles with others is a great help. During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.
take the money and run biden is the idiot of the day every day for eternity
The money has been spent already before the bill was even passed. The politicians are wrecking, well, they have already wrecked the money. We all know it has lost almost all its value (it has lost at least 700 % of its value since 1970 alone, what cost 1 dollar in 1970 now costs more than 7 dollars). Only the wages have not kept pace with inflation.
Furthermore, the deficits are out of control and have been for several years. This is why the politicians haven’t really discussed doing something about it, they know it’s too late, that bridge has been crossed. They’re just spending until there is a huge financial crisis. Then the new draconian reset and their new MMT takes place to crush the social and civil upheaval. If you want you and your family to eat you’ll have to obey TPTB. But it won’t stop there, the State has always virulently hated your freedoms and rights. Well, you’ll have to give up a lot of those too. And your property, sorry, you can’t have that either. YOUR congress person and senators already know much more about this than we citizens do. Meanwhile, they are helping the “elites” grow even wealthier and more powerful.
The Dem. House this week has passed two new pieces of new gun control legislation legislation (HR 8 & HR 1446), with another bill in the works (HR 127), it will also likely pass. And another “comprehensive” assault weapons ban is now starting to be formulated in the senate. The goal of course is to strip away 2nd Amendment rights. When the 2nd Amend. has been neutered other rights will then be curtailed. I write my congress person but only get these vapid form letters thanking me for interest in some issue. They don’t really represent us, they represent other interests (George Carlin – it’s a big club and you ain’t in it). Half the people can’t see what is happening because they have been inculcated – dumbed down and successfully propagandized. They don’t see that the State and its officialdom literally despises them and sees them only as managed disposable resources.
Destroying the future for your kids? Your kids have NO FUTURE! It will NEVER get better either. Just keep on pooping them out right and left till everyone dies a horrible drawn out death. If they want to hand out shitloads of paper satans then gimme a bunch so I can trade it for things of value. By the way, silver dollars NEVER die. When we (wife and me) are gone, the sheep can FOAD wallowing in the shitfest of their own making. Have fun with it and tell your kids your a selfish, sorry bastad!
It’s satisfying to educate a middle of the road person on current events to facilitate a good conversation. When doing so first probe their cranium with the phrases, Reserve Currency, Oil Peg, Bretton Woods and Gold Standard. If you get a blank stare switch the conversation to the weather because you’ll have better luck teaching a monkey algebra.
Good to see ya K2, hope all is well. I miss the good ol days here lol. Good post too!
Good to see you too, doing ok, lost my dad to COVID in spring, nursing home up in NJ, but he was 98. I wonder where everyone went, miss the dialog and banter. Their collective concerns unfortunately are greatly becoming reality.
Another view from the cliff:
Michigan State Economics Professor Mark Skidmore revealed three years ago there was $21 trillion in what he called “Missing Money” from the Department of Defense (DOD) and Housing and Urban Development (HUD). To hide what was going on with the federal books, Congress made all government accounting a national security issue, making it impossible to get real accounting of money “We the People” pay in taxes.
It’s accelerating and it’s completely obvious where this is going.
How is it that just anybody can publish a blog and get as popular as this? Its not like youve said something extremely impressive more like youve painted a fairly picture above an issue that you know nothing about! I dont want to sound mean, right here. But do you really think that you can get away with adding some quite pictures and not actually say anything?