If this killing pandemic, the worst in over 100 years, and this President's "leadership", or excuses for it, hasn't or didn't concern you up to now, it may well be time to get there.
Donald Trump And The Fed Could Be About To Destroy The U.S. Banking System
Donald Trump and the Federal Reserve have gone to extraordinary lengths to prop up the U.S. economy in recent weeks.
The coronavirus pandemic and the lockdowns put in place to slow its spread have ravaged the U.S. economy—with the Fed and the Trump administration pumping a staggering $6 trillion in to the system since March and taking interest rates back to record lows to keep it on its feet.
Now, as the economic reality of a post-coronavirus world sinks in, president Trump and the Fed are edging closer to negative interest rates—something legendary investor Warren Buffett has warned could have "extreme consequences."
Please note, too, ladies and gentlemen, this article isn't from some Left Wing rag. This is from very business friendly Forbes Magazine.
It just keeps getting worse with this guy, this President.
And why wouldn't a businessman, concerned only about the rate at which he could borrow money, want negative interest rates?
God help us, folks.
God help us.