mr smith herein describes the results of 'our' governments actions and where its heading;

Concentrate wealth and power in the hands of the few at the expense of the many and you guarantee collapse.

Very few are willing to to face the reality that the U.S. economy was on life support long before Covid came on the scene. In a nutshell:

1. Every layer of the economy is vastly over-indebted, and entire swaths are zombies, unable to service their existing debts without borrowing more at lower rates of interest.

2. Productivity has stagnated for decades as capital has been incentivized to seek productivity-killing monopolies and cartels, and socially-economically destructive speculations rather than investments that increased productivity in a socially beneficial manner.

3. Earned income/wages have been in a 50-year decline as a percentage of the economy. In effect, $50 trillion has been shifted from productive work to unproductive speculative gains. (see chart below) The Top 1% of Americans Have Taken $50 Trillion From the Bottom 90%, And That's Made the U.S. Less Secure (time.com)

4. This enormous shift from productive labor to unproductive speculation has mortally wounded our society and economy. When corporations borrow billions from the Federal Reserve's limitless spigot of free money for financiers and use this money to buy back their shares, this enriches the 0.1% who own the majority of shares and the corporate insiders with immense stashes of stock options.

This kind of financial sleight of hand doesn't add a single job or a single dollar of productive investment. Yet this is precisely what the Fed's free money for financiers incentivizes.

5. This tremendous concentration of wealth in the hands of the few has further concentrated power in the hands of the few. Ours is now a completely pay-to-play simulacrum of democracy in which the few buy political influence and power........read more......