He's signalling increased taxes on banks thinking account holders won't know they'll pay for it. He's selling T bills like they're toilet paper and even buying his own T-bills with the scads of dollars he's printing using toilet paper [an aside here, has anyone looked at the new crop of freshly printed worthless $20s? They are printing them so fast they can't even get them printed evenly on the paper - many machines reject them]
There are two options from this: 1) print even more money without value triggering hyper inflation, or 2) take more money from somewhere - citizens who work and save. In this regard, look for one-time 'skin in the game' assessments of 401s and retirement accounts.
..... I agree 100pct. The Democrats are so thirsty for money, so habituated to spending without accountability, and so arrogant that I have no doubt that they will indeed make a play for the retirement accounts of its citizens. They will thinly disguise it as a means of “protecting” our retirement savings from the evil clutches of Wall Street, but that canard will not fool the public for long. The unions will insist that their precious pension funds be exempted (can you imagine union bosses voluntarily surrendering their control over multiple billions of dollars). The life insurance industry will fight tooth and nail against any threat to their whole life insurance and retirement annuity businesses. When that happens, the jig will be well and truly be up.
I frankly hope the Democrats try it, because I believe that it will absolutely terrify every retired couple and every widow in the nation. The currently retired generation and soon-to-retire baby-boomer generation will be marching in the streets with tar-&-feathers and pitchforks in opposition.
And the SOCIALISTS currently in power (let’s dispense with the “Democrats” terminology and call a spade a spade, ladies and gentlemen) will be unmasked for the avaricious, duplicitous, schemers and ideologues that they truly are.