Just about anything will be possible with this dangerous new money.
Now, like any technological change, it won’t be BAD for everyone.
They could choose to add money to your account – like Pelosi wanted to do with the distribution of coronavirus stimulus checks. But here’s the rub.
If the Fed can add money, they also have the ability to reach in and take money straight out of your account!
They could subtract taxes directly from your ledger. Confiscate your retirement savings in the name of “fairness and equality” if and when crooked politicians enact a socialist-style “wealth tax”, as they’ve been talking about. The Government has just added trillions in stimulus.
That bill will have to come due at some point. I believe folks who are successful, and either earn a lot of money or keep a lot of money in their accounts. This is no ordinary Coronavirus disaster. Think about it..