In 2020, the U.S. Federal Reserve has injected an enormous amount of U.S. dollars to special interests in the banking sector in order to combat the economic effects stemming from the coronavirus outbreak. This week the central bank published its financial stability report and the Fed discussed addressing climate change for the first time. A number of economists and analysts now believe the Fed plans to help President-elect Joe Biden’s transition team print $1.7 trillion for the Democrat’s plan the “Green New Deal.”
During World War II and after the stock market crash during the Great Depression, President Franklin D Roosevelt (FDR) ushered in a “New Deal” in order to combat the hurting American economy. In 2020, Americans are hearing about another so-called deal called the “Green New Deal” designed by Democrat leaders in Congress.
The Green New Deal is a government proposal that aims to leverage stimulus and strict laws to battle climate change and economic inequality. The plan calls for the distribution of a massive amount of Federal Reserve Notes (FRNs) and laws that help America transition away from fossil fuels.
For quite some time people assumed that the Green New Deal would grow stale under another four-year Trump presidency and without help from the Federal Reserve. However, now that it is assumed Joe Biden will be the next U.S. President, even though Trump won’t concede, individuals expect the New Green Deal to get pushed through Congress.
Then this week, the U.S. central bank published the Fed’s financial stability report, which usually discusses a variety of banking procedures but instead, the Fed highlighted climate change. “Federal Reserve supervisors expect banks to have systems in