As Washington prepares to pump another $1.9 trillion in stimulus into the economy, asset prices are lifting. From food to housing to equities to precious metals, inflationary pressures are being felt in all markets this week.
Investors can thank politicians and their enablers at the Federal Reserve. On Thursday, President Joe Biden signed the massive $1.9 trillion coronavirus relief package into law.
Direct payments of $1,400 will soon be hitting Americans bank accounts. And hundreds of billions of dollars will be deployed to bail out state and local governments. Of course, funding for various other programs unrelated to COVID losses was inserted into the legislation as well. As well as a remarkable federal ban on states enacting net tax cuts.
The bill drew near universal opposition from Republicans, including Kentucky Senator Rand Paul. Last week Senator Paul reintroduced the Audit the Fed bill. It faces opposition from Democrats and in the past has garnered less than enthusiastic support from GOP leadership.
Nevertheless, Senator Paul believes bringing more transparency to the Federal Reserve’s operations is especially important now given its ballooning balance sheet. The Fed’s unprecedented interventions in the aftermath of the COVID lockdowns and its pivot to pursuing a higher inflation target have faced little scrutiny from Congress.
Trillions of dollars in new debt is now set to be issued by the Treasury Department and bought up by the central bank. The ultimate consequences for the value of the currency are unknown but the stakes are high for holders of U.S. dollars….
Leave it to a DEMOCRAT to introduce a Bill that would utterly shred our First Amendment rights. COLORADO DEMOCRAT Senator Kerry Donovan has introduced SB21-132 that will fine website owners $5,000 PER DAY if they do not register with the State so that the State can then investigate ALL OF A WEB OWNER’S CONTENT and (presumably) fine the web owners or jail them if “unapproved” content is shown on the website. WOW. Just wow.
Let’s see, I have 4 websites that question the fake news narrative, so if I lived in Colorado that would be $20,000 PER DAY if I refused to register with them so that they can vet every single message and post on my website that may be complained about.
You know, CA Democrat Senator Richard Pan tried to do something similar in 2018 with his SB-1424 “Online False Information” bill that fortunately was vetoed by the Governor (how did we dodge that bullet?).
These Democrats are SICK. SICK IN THE HEAD. Their souls are corrupted. They work for the Deep State, not We The People. Expect more and more attacks on anyone who dare questions the Democrats, their Deep State handlers and their disturbed agenda to force vaccinate and enslave every human on the planet. (And yes, RINOs are involved too, I know)….
As physicians and scientists, we are supportive in principle of the use of new medical interventions which are appropriately developed and deployed, having obtained informed consent from the patient. This stance encompasses vaccines in the same way as therapeutics.
We note that a wide range of side effects is being reported following vaccination of previously healthy younger individuals with the gene-based COVID-19 vaccines. Moreover, there have been numerous media reports from around the world of care homes being struck by COVID-19 within days of vaccination of residents. While we recognise that these occurrences might, every one of them, have been unfortunate coincidences, we are concerned that there has been and there continues to be inadequate scrutiny of the possible causes of illness or death under these circumstances, and especially so in the absence of post-mortems examinations.
In particular, we question whether cardinal issues regarding the safety of the vaccines were adequately addressed prior to their approval by the European Medicines Agency (EMA).
As a matter of great urgency, we herewith request that the EMA provide us with responses to the following issues:…