The head of the International Monetary Fund said today, “Georgieva urges nations: “Please spend, wisely, but spend as much as you can! And then spend a bit more for your doctors, for your nurses, for the vulnerable people in your society.”
Your patriotic duty is not to spend money. It’s to save money and to become self-reliant.
We are a country of people that live paycheck to paycheck to rent to landowners living paycheck to paycheck in a country full of businesses living month to month in a country that can’t pay its bills. That isn’t financial stability. It’s a sickness.
When the credit bubble bursts, it’s going to be a worldwide depression that’s far worse than what we are experiencing now. Things like $1200 checks, stimulus bills, PPP, or borrowing to pay for entitlements may have some short-term benefits, but the long-term consequences could be devastating. Or it could just mean a permanent lack of growth with entire generations never having a chance to live out their dreams. That’s what’s happened in Japan for 30 years.