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bucolic_frolic

(55,881 posts)

4. Massive fiscal stimulus to the wealthy in the face of falling output

Reply to brooklynite (Original post)

Tue Oct 6, 2020, 11:48 AM

Oct 2020

Huge transfer of wealth to the weathiest and their financial assets. It's not like a war economy where output is increasing and rationing is used to control the black market. They'll be into negative interest rates, confiscation of assets in banks or conversion into bank shares to try to force spending. It's all on the books already.

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Highlight:

Fed chair warns of economic tragedy if America can't control the coronavirus [View all] brooklynite Oct 2020 OP

No amount of opening up will fix economy if people dieing and virus still unconquered. . . . nt Bernardo de La Paz Oct 2020 #1

More like moreland01 Oct 2020 #2

You mean... Newest Reality Oct 2020 #3

Massive fiscal stimulus to the wealthy in the face of falling output bucolic_frolic Oct 2020 #4

And the next mention was Wellstone ruled Oct 2020 #5

Better title is: Fed chair warns of economic tragedy if Trump can't control the coronavirus SWBTATTReg Oct 2020 #6

So this morning the Fed Chair wants the stimulus. AnnaLee Oct 2020 #7

Well, Trump obviously was not listening -Instead he called Off the Stimilus talks. riversedge Oct 2020 #8