EDITOR NOTE: We are all for helping Americans reclaim their financial footing. That would only help the country position itself for economic recovery. The challenging truth is that certain quandaries require solutions that may come with large risks. Although such intrigue makes for a gripping narrative in a fictional setting, in real life, it promises a harrowing journey, as the prospect of risk and ruin are palpable, the negative outcomes “material.” The Biden administration’s stimulus package will be in the Trillions. Its coverage to include unemployment benefits, rent forbearance, and more. Biden says “we need to spend the money now.” Among our readers, some will benefit from such a massive fiscal provision, or “onslaught” depending on how you see it. Necessary as it may be, it comes with a heavy price tag on your future wealth and income. IT HAS CLAIMED AND WILL CONTINUE TO CLAIM YOUR FUTURE EARNINGS AND SAVINGS. NO DOUBT. And for that reason alone, you should strongly consider hedging your assets now before it’s too late.
U.S. President-elect Joe Biden said his administration’s economic package will be in the trillions of dollars and include unemployment insurance and rent forbearance.
“It is necessary to spend the money now,” Biden told reporters. “The answer is yes, it will be in the trillions of dollars, an entire package.”
Originally posted on Reuters