Economics/Class Relations

Fed bank president REVEALS real unemployment rate, ‘Worst is yet to come’

Great Depression Two will be worse than the previous Great Depression.

Krystal and Saagar discuss Federal Reserve Bank of Minneapolis President Neel Kashkari’s remarks that Americans should brace for further unemployment amid the coronavirus pandemic, and said Congress should consider providing more financial help.

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  1. I understand the UBI/unemployment scheme is “fair” (the government must “make us whole”) and inevitable at this point. But I remain mistrustful. Problem, reaction, solution. The fact that the government WANTS everyone locked down, WANTS more bailouts, and WANTS to pay $1200 a head, plus $600 a week… and counting, smells fishy.

    Siding with the government during a crisis is kind of how we’re lead to react. I’ll take the money for sure though! Gimme gimme!

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