An additional $1 trillion rescue economic plan is waiting for Congressional approval
U.S. Treasury Secretary Mnuchin pointed out that U.S. President Trump has agreed to an additional $1 trillion in economic rescue plan proposed by him. Now we are waiting to discuss the plan with the opposition Democratic Party. If successful, the plan will be approved by Congress. It is important to understand that the current US government’s weekly check policy for the unemployed will end at the end of this month. If this amount is lacking, the consumption power of the American people will be difficult to maintain and the American economy may be unsustainable. Now I am concerned about whether the US Congress can pass the above-mentioned plan within two weeks to maintain the US economy.
European and American governments will print a lot of money
The United States is preparing to launch an additional US$1 trillion program to save the economy, and the European Union’s 750 billion euro economic aid program will soon be released. Obviously, the coffers of European and American governments simply do not have so much money. It also means that they will print a lot of money in the future. When this happens, when money is no longer valuable, of course gold will benefit most. It also explains the main reason why the price of gold regained $1,817 in the Asian market this morning.
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