United States President Joe Biden signed on Thursday the $1.9 trillion coronavirus stimulus bill dubbed the American Rescue Package after it was approved by Congress earlier this week.
“I believe this historic legislation is about rebuilding the backbone of this country,” Biden said as he prepared to sign the package.
The final bill includes $1,400 direct stimulus checks to Americans, extended unemployment benefits of $300 per week, as well as $350 billion in funding for state and local governments. A further $49 billion for the expansion of COVID-19 testing and research and $14 billion for vaccine distribution are also in the relief package. Nick Note: This is the most significant event of our life time. The greatest transfer of wealth to the masses. And it will bring us the greatest stock market rally ever. Unfortunately this will end and the greatest stock market wipe out EVER. For now lets ride the rocket. The trick will be to know when to bail! Remember the old story if you distribute the wealth of the world equally in a few year the poor would be poor again and the wealthy would have all the money back. That describes exactly what will happen. The masses won the lottery in this coming stock market rally… And they will give it all back