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Economic Insights: Gold, Stocks, Inflation & FOMC | Economic Prism Part 68

Recently, Donald Trump faced impeachment for the second time—a move that hardly surprised anyone. The 117th Congress has often been perceived as a gathering of questionable politicians, and the impeachment vote did little to change that perception.

What truly captures our attention is President-elect Biden’s plan to distribute $1,400 “stimmy” checks. This amount adds to the $600 check that Congress approved in December, aiming to fulfill the $2,000 stimulus promise made to the electorate.

Biden’s actions are aligning closely with the goals of America’s central planners. The strategy has become familiar: impose lockdowns on the economy, drive small businesses to bankruptcy, and then revive consumer activity through artificially created financial stimuli. With this approach, central planners seamlessly took control of individuals, the economy, and the financial landscape.

The global pandemic has undeniably provided an ideal context for this interference in the daily lives of many. For instance, in LA County, health officials have started recommending that residents wear masks at home. This initiative is outlined in a new plan released on January 11, 2021, titled Los Angeles County Responds: Confronting COVID-19. Continue reading

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