HUMAN WRONGS WATCH

Human Wrongs Watch

By Ellen Brown | Web of Debt – TRANSCEND Media Service*

Did Congress just nationalize the Fed? No. But the door to that result has been cracked open.

Ellen Brown

Mainstream politicians have long insisted that Medicare for all, a universal basic income, student debt relief and a slew of other much-needed public programs are off the table because the federal government cannot afford them. But that was before Wall Street and the stock market were driven onto life-support by a virus.

Congress has now suddenly discovered the magic money tree.

It took only a few days for Congress to unanimously pass the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which will be doling out $2.2 trillion in crisis relief, most of it going to Corporate America with few strings attached.