In March of 2020 , the single biggest news event of the decade hardly got any news coverage , and that is the Federal Reserve just got rolled into the US Treasury Department . This happened in the midst of the COVID19 pandemic , so such massive news got drowned out by Corona Virus news and concerns . Most people don ’ t know what the Federal Reserve is or was . To put it simply , The Fed was a privatelyowned banking cartel owned by foreign and domestic wealthy banking families who controlled the economic system of the United States by controlling its money supply . With this single act , the US government now owns “ The Fed ” and has the ability to govern its own financial destiny without acquiescing to a thirdparty entity whose interests are not aligned with WE THE PEOPLE . We , through our elected officials , now control our own money supply . THAT IS HUGE !
This bodes well for our economic recovery as a result of the COVID 19 pandemic that paralyzed the US . President Trump , through the US Treasury , now has full control over spending money to stimulate economy . As a result , it looks that the US is at the start of a golden age . With this new power , President Trump can stimulate the economy in the following ways :
• Historically Low Interest Rates – Interest rates will be maintained at zero until 2022 to be able to stimulate the economy through liquidity and cheap money . We will see continued purchases of homes and a boom in the refinancing of singlefamily
Image by Gerd Altmann from Pixabay
The Federal Reserve
Rolled into the US Treasury and Economic Forecast
residences – keeping more money in people ’ s pockets instead of interest payments .
• Easy Lending Standards and Lots of Stimulus Money – The Federal Government has already provided PPP loans , SBA COVID 19 Disaster Loan Assistance , unemployment benefits , and much more to keep people afloat while we work through the aftermath of this pandemic . There will be more to come , and since President Trump controls the Federal Reserve by way of the US Treasury , there are no obstacles .
By David Mashian
Economic Forecast : We Had a Pause – Not a Crash
I believe we will bounce back soon , be it Vshaped or Ushaped recovery . We have a probusiness President who understands that small businesses are the backbone of the country . There will be lots of investment money available to businesses going forward . In fact , the new version of the Federal Reserve is establishing the Main Street Lending Program to support lending to small and mediumsized businesses that were in sound financial condition before the onset of the COVID19 pandemic .
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