Fed Hints Backing For Biden Trillion Printer

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A new Joe Biden presidency will very likely mean trillions of dollars will be printed and it looks like that will be with a very obliging Federal Reserve Banks (Fed). During summer Biden announced “a new plan to spend $2 trillion over four years to significantly escalate the use of clean energy in the transportation, electricity and building sectors, part of a suite of sweeping proposals designed to create economic opportunities and strengthen infrastructure while also tackling climate change.” That $2 trillion is on top of a new “Buy American” plan that aims to spend some $700 billion. Both worthy goals and aims but in combination these cost nearly as much as the American government receives in total taxes for one year. That means much of it will be borrowed while America is deeply in debt, surpassing 100% of GDP. This huge debt level is not being felt however due…

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