Treasury Secretary Steve Mnuchin said last week declared that another $1-trillion will be created out of government debt and pumped into the economy. He also said that there now are discussions with Congress about how much more money will be created to bail out bankrupt states. [The more that individuals, corporations, institutions, and states become dependent on federal money, the more they all become subservient to the hand that feeds them. At the end of this road lies one, megalithic federal government as the supreme master of everything.] -GEG
With stocks tumbling, it was only a matter of time before Trump trotter out the “plunge protectors”, and sure enough just minutes after cash reopen, Steve Mnuchin dialed into CNBC, where he said that “we can’t shut down the economy again” amid growing fears of a second virus wave, and just to get the Robin hood traders extra pumped, the Treasury Secretary said that another $1 trillion will be pumped into the
- MNUCHIN SAYS OVER NEXT MONTH ANOTHER $1 TRILLION WILL BE PUMPED INTO U.S. ECONOMY
- MNUCHIN SAID ‘WE CAN’T SHUT DOWN THE ECONOMY AGAIN’
- MNUCHIN ‘QUITE OPTIMISTIC’ IN MEDICAL PROGRESS THAT HAS BEEN MADE ON COVID-19
- MNUCHIN SAYS FURTHER AID TO STATES WILL BE SUBJECT TO DISCUSSION WITH CONGRESS
Unfortunately for the stock market president, unlike previous Mnuchin appearances, this time the market was largely oblivious to his message, and was trading near the worst levels of the session, just around 3,100.
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