“Trump Stack” is the term I have used for describing President Trump’s unprecedented socialist money printing-and-handout in the form of the COVID-19 checks that makes the TARP bailouts look like vending machine change. Now Democrat Presidential Candidate Joe Biden as reported by Politico is now encouraging ‘Biden Bucks’ as he says the country needs more stimulus money than what Trump gave.
Joe Biden wants a more progressive approach to economic stimulus legislation than Washington has taken so far, including much stricter oversight of the Trump administration, much tougher conditions on business bailouts and long-term investments in infrastructure and climate that have so far been largely absent from congressional debates.
In a fiery half-hour interview with POLITICO, the presumptive Democratic nominee sounded a bit like his angrier and less moderate primary rivals, Sens. Bernie Sanders and Elizabeth Warren, though in unexpurgated Biden style. The former vice president said the next round of coronavirus stimulus needs to be “a hell of a lot bigger” than last month’s $2 trillion CARES Act, that it needs to include massive aid to states and cities to prevent them from “laying off a hell of a lot of teachers and cops and firefighters,” and that the administration is already “wasting a hell of a lot of money.” (source)
I have noted that a strong change exists that Trump may do a second round of stimulus, perhaps before the election or just after it.
Either way, the fact that Democrats are clamoring for money is (a) likely that in the name of getting votes that Trump will do it, (b) will continue to destroy the currency, and (c) will result in a Democrat 2024 victory.
Printing money does not solve problems. It only creates more because it devalues the currency. However, people do not see this. They only see, to use a meme that has been appearing on 4Chan “ha ha money printer go brrr”, meaning that printing money equals making them richer.
America will get poorer with each round of money printing. Eventually, it will cause a currency crisis. This is a historical constant that happens in all situations such as this.
However, it is actually a great thing for Democrats, because if the currency crashes on Trump’s watch, it will ensure a 2024 victory since they can put forth the image of being the ones who saved the economy, when the reality is that all parties destroyed it.
For now, since there is nothing that the common man can do, it is better to take what is given, use it to pay taxes, and spend the rest acquiring assets to help oneself in the future as the price of goods increases while the money becomes as valuable as the paper it is printed on.