The inflationary storm clouds continue to form on the horizon.
Last week I noted that the U.S. is printing money at an extraordinary pace.
The Fed alone will print $1.4 trillion in the next 12 months. This comes on the heels of the $3 TRILLION it has already printed in the last year.
The Fed is not alone here.
The Biden administration is pushing the “pedal to the metal” in terms of stimulus. It is about to pass a $1.9 trillion stimulus plan. Bloomberg notes that this will be the second largest injection of federal cash in U.S. history.
The only one larger cash injection occurred was the first COVID-19 Stimulus plan (the CARES act) which was launched at the beginning of the pandemic.
We’re now on the tail end of the pandemic and we’re about to print another $1.9 trillion in stimulus. Bloomberg notes that the Biden administration wants to spend $2 trillion on climate change and $1.5 trillion on manufacturing and childcare.
These are staggering amounts of money. Never before in history has the U.S. printed this much money.
Climate change and child care. Now I’m glad someone’s addressing those problems.
 “The U.S. is About to Set a Record… and It’s Not a Good One .” By Graham Summers, ZeroHedge, 2/15/21.
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