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STALEMATE: 2ND STIMULUS – THIS CHANGES EVERYTHING!

Mac Slavo
December 2nd, 2020
SHTFplan.com
Comments (10)

This article was contributed by Future Money Trends. 

Nancy Pelosi wants a stimulus bill that is over $3 trillion. Mitch McConnell wants to pass something in the order of $500 billion. These leaders are clearly worlds apart. Nancy even rejected bills that were $1.5 trillion, saying that they were “nice but not nearly enough.” On the other hand, conservative Republicans are saying that the free market ought to be taking the lead while the government has done enough and that the debt is already gigantic.

The problem is that neither party wants to concede, giving even an inch to the other side since they’ll appear weak in front of their voters. Both parties desperately want to win the Senate race in Georgia. It’s going to get very political, with hundreds of millions raised for the cause, and January 5th is the vote – even Trump and Biden might campaign. The problem is that January 1st comes before that and if nothing is done, millions of people, many of which are parents with children, face evictions since they’re not capable of paying rent, while millions of others will cease receiving enhanced unemployment benefits.

Therefore, a bipartisan group of senators is working on a bridge-stimulus plan as we speak.

Future Money Trends believes that there’s a strong chance that, when it comes to rent, an extension of the moratorium will be introduced. If it doesn’t, Q1 2021 could be one of the best times to purchase homes since prices will dip because of the excess inventory.

Courtesy: Zerohedge.com

November has been the best-ever month for stocks on a global basis. It’s absolutely mind-boggling how much euphoria is out there. When you think about mortgage forbearance, which has allowed households to “save” $1,000 to $2,000 every single month since the bill was introduced, you can understand how much leverage is being put into the stock market that will need to be taken out later. Households have been using the extra cash to invest, but they’ll need to pull it out, at some point.

It’s happening all over the place and the temptation to trade has never been bigger.

As you can see above, indices of entire nations have gone up in one month as much as stocks return in 4 or 5 years.

The technical Relative Strength Indicators (RSI) are just green everywhere, save for precious metals most likely.

Courtesy: Zerohedge.com

On the 15th of December, the FED will convene to discuss interest rates and asset purchases, going forward. If there’s no bipartisan bill by then, we believe they’ll increase QE again.

There are now talks about forgiving student loan debts from $10,000 to upwards of $50,000. There are 45 million Americans who have student loans, and these are individuals who struggle to originate mortgages, raise their credit scores, and save anything.

On the flip side, forgiving these loans will fuel even more socialistic programs, and will cause tuition in this country to be jacked up further, argue the fiscally-conservative. It’s also unfair to reward debtors while punishing those that chose not to assume massive obligations.

In our assessment, when the next president asks his economic advisors for the best ROI for another fiscal program, they’ll point towards state and local government aid, where for every $1,000,000 spent, nearly 90% of it goes immediately back to the economy.

This is much higher than in the case of student loans, so while Elizabeth Warren and Bernie Sanders introduce far-left initiatives, it doesn’t seem like that’s the way the country is headed.

We currently put the odds of stimulus checks hitting the mailboxes of Americans as being very low in the next 40 days. We give it more of a chance after January 20th, but if the bipartisan proposal somehow passes, markets will celebrate this surprise.

As for us, we are not aggressively participating in this party. There’s not enough alcohol in the world to convince us to play with fire.

 

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    Author: Mac Slavo
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    Date: December 2nd, 2020
    Website: www.SHTFplan.com

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    10 Comments...

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    1. Andrea.Iravani. says:

      Bullshit that 90% of money spent by state and local governments goes back into the economy! Only if you consider government employees that are receiving 90% of the money the economy, that everyone is forced to support to their own detriment! What if the 90% of the money that they extorted from tax payers was spent by the tax payers instead? It would still go back into the economy in one way or another! Why would I want to support scumbag psychopaths that have destroyed my life, property, and the country, and all liberty?! WTF is supposed to be in that for me?! They are terrorists that belong in prison! That is just stating the obvious! There are only two things worse than the federal government! State and local governments!

      Andrea Iravani

      Andrea Iravani

    2. Andrea.Iravani. says:

      Fogeddabout the revolutions! Just forever elections and bickering over election results! Just keep voting! There will be no revolutions! Decided by the electors!

      https://sputniknews.com/middleeast/202012021081336852-israeli-lawmakers-give-preliminary-approval-to-dissolve-knesset-paving-way-for-new-election/

      Andrea Iravani

    3. Bill says:

      Why is the gov’t willing to keep running up titanic spending programs and uncontrollable budget debts and deficits? There are several reasons, here are two. Debt and deficits are no longer being discussed or addressed because the Rubicon has been crossed, they are so vast and unmanageable it no longer makes any difference, it is not if but when it all comes to a head, with catastrophic results for those who are not the .1 %. Secondly, any official worth their salt knows in the end it is not money that ultimately matters, it is power. It is likely a national financial crisis is the selected crisis to be the catalyst for acquiring more power.
      Everything TPTB are doing is intentionally “optimized” for failure; whether it’s fiscal/ monetary policy, markets that have been incentivized with gigantic debt, corruption, bubble economics, and hyper wealth concentration. They reap the reward, everyone else – well, too bad. The end goal is more power for the elites. I don’t know why more people can’t see this except that they have been dumbed-down or successfully propagandized.
      Politically and socially, cohesion and unity have been destroyed, intentionally of course. A large bloc of citizens no longer presents a check and balance on the power elite. This in turn opens the door for the suppression of rights and use of force, creating a subjugated class. Lockdowns and mandatory vaccinations are only the beginning.
      Many superb and incisive articles can be found on-line that further explain the real relationship between the people and the super “elite”. DT slowed it down some, the Dems. will place it in overdrive. The Dems. don’t really advocate for citizens or the working class as their propaganda campaigns project, it actually advocates for those who enable them to rule over citizens and working class.

    4. cranerigger says:

      80 year old Nazi Pelosi & family have plenty of money. How do these Demonrats become so wealthy in public office? Spending Citizens’ money (Tax revenues) like Halloween candy is easy for this type of liberal. They never have to agonize over the income/expenditure problem average folks constantly must solve. After all, Nazi Pelosi has CPA’s and other tax professionals reconcile her checkbook.

      http://www.pagetutor.com/trillion/index.html

    5. Screw money going to cities and states that can’t run themselves especially Democrat run cities and states. Pelosi wants to bail them out but it will only last in the short run.

    6. CA Rebel says:

      What good is having money if everything is permanently out of business. Pure lies, the way of the demturds. You have to get the extermination injection to get that $ .

    7. Andrea.Iravani. says:

      Looking back we can only conclude that the government was not content with the powers willfully bestowed upon them by the electorate. They were consumed by their hunger for power. The same holds true for Wall Street, the tech companies, medical system, publicly traded companies, and financial institutions, discontented with people that willingly chose to vote with their wallets to support them. Their insatiable hunger for more power, more money, more customers, more control, and more immunity for their own crimes has served as vehicles to destroy our country. The easiest way to destroy a country would be to destroy the trust in institutions and individuals in positions of power, which they all decided to do, because it was never enough for them. They want to own everything and everyone with Agenda 21. If it was not for the deregulation that occurred,  we would not be where we are today. It was the deregulation that destroyed liberty and the constitution, and led to total corruption, and total unaccountability by shadow governments and courts that do not have to be publicly accountable for their predatious crime spree. Of course all of these were illegal acts because the constitution was, and is The Supreme Law Of The Land. The surveillance predation is getting worse and more outrageous by the day, and it is all totally illegal and we must not back down, and we must not stop reminding them of the total illegality of all of it, and that these are not laws that they sign, but confessions of high crimes and treason. Since when is being a Peeping Tom a sociallly acceptable form of respectable behavior? These are scumbags with deviant personality disorder and we must not relent on reminding them of what sick, fucked up, freaks of nature, and total losers they are! We should stop calling them the government, and just call them Peeping Toms and Terrorists, because that is really all that they now are. They demand respect! Too damned bad! Perverted freaks like you are not entitled to respect! You are entitled to go to prison! 

      Andrea Iravani

    8. Darth Skippy says:

      “As for us, we are not aggressively participating in this party.”

      Socialistic piracy is announced in advance and does affect markets, predictably.

      When were you participating?

    9. Anonymous says:

      No mention of free shit checks for us soldiers in the Free Shit Army. If I buy a new pickup, how about forgiving up to $50,000 on the loan. I don’t need no f,,,,, college.

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