Monday, May 4, 2020

The U.S. Treasury Plans to Borrow Record $3 Trillion in Second Quarter

The Treasury Department said Monday it expects to borrow a record net new $3 trillion in the second quarter to pay for the coronavirus relief measures passed by Congress.

Of course, in a complex manner, a good chunk of this will be monetized by the Federal Reserve.

That will mean even more Fed money printing and more price inflation down the road.

Hug your gold coins.


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