COVID has Cost More than World War II and We Haven’t Paid the True Price Yet

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The government’s COVID relief programs have cost $5.2 trillion, more than World War II, which cost $4.7 trillion. Those mountains of money will cause inflation, raise interest rates and reduce in stock prices.

On a human level, the death toll from COVID has surpassed that of World War II and the Korean and Vietnam wars.

Please watch our video on the impact of COVID relief on the economy and securities markets.

President Biden’s $1.9 trillion American Rescue Plan is the third dose of economic COVID relief, bringing the total to $5.2 trillion, which is about 25% of GDP. It’s huge. That $5.2 trillion is the total cost of all our wars since 2001, and is greater than even our most expensive war in history, World War II.