As more Americans struggle to pay basic bills, CNBC reports that famed Democrat politician Nancy Pelosi is using the crisis to promote the concept of a Universal Basic Income.
House Speaker Nancy Pelosi said Monday that Congress may need to consider a guaranteed minimum income for Americans as one way to meet people’s basic needs while the country remains paralyzed by the coronavirus pandemic.
“Let’s see what works, what is operational and what needs attention,” the California Democrat said in an interview with MSNBC.
“Others have suggested a minimum income, a guaranteed income for people. Is that worthy of attention now? Perhaps so. Because there are many more people than just in small business and hired by small business … that may need some assistance as well.”
The idea of a government-guaranteed minimum income has gained attention in the past year thanks largely to Andrew Yang, who ran in the 2020 Democratic presidential primary on a platform built around universal basic income. Yang failed to win any delegates, but he built a devoted following and raised the issue of UBI onto the national debate stage.
More recently, as the coronavirus pandemic has ravaged the U.S. economy and forced more than 25 million Americans to seek unemployment benefits, the idea of guaranteed income has reemerged as a possible way to stabilize the economy and help people meet their basic needs while millions of businesses are under forced closures. (source)
I have been warning that at the very least, there will be another round of stimulus printing. A universal basic income may exist in the future, but at the current time, it will not be so far as the conditions exist. If anything, there is a higher chance of a series of money printings until that point comes.
It does not matter whether or not a UBI happens, because from what I can tell, the fundamentals are still in place, and they are:
-The US dollar is dying
-Printing money solves nothing
-There is a strong chance of hyperinflation
-The debt is the reason why the currency is dying
-The persons and companies who caused the death will not be prosecuted
-The death is inherently political and it will be used to rally support for war
-There is nothing that the common man can do to stop it save to be prepared for the future.
At this point it is time to go into overdrive to prepare.
Prepare wisely, since these are but warning shots of the future that is to come.