CORONAVIRUS UPDATE: The Fed is buying 625 BILLION DOLLARS a week in bonds (debt that YOU will pay!)

The Federal Reserve is now buying 625 BILLION dollars a week in US treasury bonds, corporate bonds, and municipal bonds...the fed will own all outstanding US public debt AND federal and local debt by September of this year. It's already the largest single holder of US government bonds, and now will open up to purchase junk bonds from US companies that are in distress as well. But it's not that fed that's responsible for all this debt...it's YOU, the taxpayer. NOW do you think it's time to re-open the economy? Even if the economy DOES re-open soon, it might not be for long. The Federal Reserve also said that the US economy might experience shutdowns every time there's a coronavirus breakout for the next 18 months-2 years.

In some other coronavirus updates:
-For the first time in US history, all 50 states have been declared disaster zones
-The U.S. now has 30 percent of the world's confirmed coronavirus cases, and 20 percent of all worldwide deaths.
-The hunt for a vaccine continues, but scientists say finding one within a year would be a "miracle."
-Kentucky churchgoers were met with nails and police officers when they tried to attend drive-in church services on Easter.
-We may find that democracy becomes the biggest victim of COVID-19.

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