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Why can’t greatest economy in the world can’t handle a temporary shock without needing trillions of dollars injected to stay afloat?

Crisis Exposes Devastating Result of Ongoing Fed Policy: Americans Have No Savings



Two weeks ago, during a March 17 address to the nation in response to the COVID-19 outbreak, President Donald Trump asked that Americans work from home, postpone unnecessary travel, and limit social gatherings to no more than 10 people.

And last week, on March 27, Trump signed a stimulus package of over $2 trillion dollars to provide relief to an economy on the precipice of collapse.

The aid package includes handouts and loans to individuals, small businesses, and other distressed industries.

Despite Trump’s “having created the greatest Economy in the history of our Country,” when the markets tanked, massive and immediate government intervention was the only thing left to forestall a total collapse.


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from Precious Metals News
Why can’t greatest economy in the world can’t handle a temporary shock without needing trillions of dollars injected to stay afloat? Why can’t greatest economy in the world can’t handle a temporary shock without needing trillions of dollars injected to stay afloat? Reviewed by Unknown on 09:16 Rating: 5

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