$1400 fourth stimulus check specifically focused on Social Security, including retirement, disability, SSDI survivors, SSI, VA, and RRB Beneficiaries. I have all the details, tales, and what you need to know right here in the topic. All right, back by popular demand from those of you right here in the community, I want to give you the latest updates on where we currently stand with a $14,00 for stimulus check specifically focused on all those beneficiaries that I mentioned just a few seconds ago. I also want to point out what we need to pay attention to and what we need to watch very closely over the coming days, weeks, and the next couple of months.
I’m doing all the research, as your one and only daily advocate, breaking it all down into these short topics so you can stay updated with what is actually going on. All these new announcements out of the administration, the President, Congress, as well as all these new bills and proposals, new piece of legislation, reform, money, benefits, programs, checks, and anything else that may be popping up right now.
There’s a lot going on. Things are changing rapidly and we know that Congress is trying to get something really big done before the midterm elections. So we’ll have to continue watching all this very closely. And I’ll continue to be here for you every single day with all these updates and letting you know what’s going on and ultimately how it’s going to impact you, your money, your benefits, your lifestyle, your bank account, your wallet and everything else going forward. discuss all the moving parts right now on a one time $1,400 stimulus check, which would be a fourth stimulus check.
All right, so like I said a minute ago, back by popular demand, because those of you down in the comments section, I’ve seen your messages reaching out for a while now saying, can you please let us know what’s going on here? Is it coming? Is it not? Where do we currently stand? And here’s what I want to say to that.
There are multiple different things that we need to watch right now in regards to a Ford stimulus check. I’m going to throw this out there because there’s many different economic numbers and different announcements we need to watch here. That’s exactly what I want to update you on in this topic because there are a lot of moving parts here. It’s not just as simple as saying, yes, it’s coming, or no, it’s not. It’s simply a lot of different functions here that we need to watch.
So let me walk you through all the details about this. So, number one, we need to watch inflation. This is on the top of the list for virtually everybody right now, or at least what they’re saying it is, right? Like I said before, in other topics, they pretend to care about inflation. I want to be real with you.
They don’t really care about inflation. I know they act like they do. They don’t. If they cared about inflation all that much, why didn’t they do something about it a year ago when inflation was 5%? You know what I mean?
5% was practically historic inflation that we haven’t seen in decades, many decades. And now here we are, over 9%, basically 10% inflation, and they’re still not doing anything about it. They pretend to be, but they’re not. Right? So that’s what I’m saying, is they don’t care.
They pretend like they do, but at the end of the day, this is just a talking point for all of them to come out and say, inflation is so high, what are we going to do about it? And then they come up with all these great solutions and pretend like they’re going to do something and then they don’t, right? So the fact of the matter is we need to watch inflation. This is going to be something very important going forward, to continue watching, because ultimately, even though some lawmakers say that they care about inflation and some lawmakers are on the fence about this whole thing, it’s going to be basically the lynchpin between is there going to be another check or is there not? This is a major concern for some lawmakers out there and why do we care about lawmakers?
Well, again, do we really care? I don’t know. Again, I’m not going to throw my opinions in here, but you can have your own opinions on if we care about them or not. But the fact of the matter is we need to pay attention to them because they are the ones who ultimately have the authority and the power to actually give us another check in the event there’s going to be one. The president is virtually just a rubber stamp.
And again, that’s nothing against Biden. It’s simply the fact of the matter. If anything comes to his desk these days, he’s probably going to sign it. Because the fact of the matter is it’s virtually impossible for Congress to get anything done these days. So if they can’t actually get a bill to his desk, he’s going to be happy to sign anything, right?
So I think we can all recognize this these days. If he can pull out his old pen and sign anything, he’s probably going to be happy to do it. So that’s what I’m saying. It all comes down to Congress at this point, right? And again, if it makes its way through Congress, of course the President is probably going to sign it because they probably already talked to him.
But anyway, number one is inflation. We got to watch inflation very closely. Does it finally top out? Does it reverse? Does it plateau? Does it continue to rage on for months and months and months to come? Well, there are a lot of opinions about this and a lot of different economists and analysts and people that are watching this closely. There are a lot of varying opinions. Some people have said we topped out and we’re starting to head now. Some people are saying, oh no, this inflation is going to go on for two or three years.
And some people say, well, we have a few more months of pain ahead before this thing finally reverses. So again, there are a lot of different opinions on this, so we’ll have to watch that closely. Next, we need to watch the Federal Reserve. What is the Federal Reserve doing with interest rates? Will they continue to aggressively raise interest rates going forward or will again, are they going to come forward and pause?
Are they going to slow down? Are they continue to charge ahead to try to get ahead of this inflation or at least try to do something about it? It’s not really working. But again, are they going to try to do something that is something we’ll need to watch very closely as well going forward, right? Next, we will also need to watch the midterm elections.
This is also something very important. I’ve been talking about this all year long here. We know right now Congress wants to get something done very badly before the midterm elections. Well, as I mentioned before, and I want to throw this out there one more time because this is a very important point. And again, this is not a political statement.
This is what all politicians do. They all do it right. They all do something to this degree virtually before an election time or a voting time of any kind. They like to come out and tell us what they are going to do for us, right? How are we going to do it right?
Well, it sure would be nice if they came out and promised another check or something like this along these lines to the people, as in especially the people who are low income or fixed income because these are the people who actually need something right now, right? So anyway. When it comes down to it. If they actually came out and said something along the lines of a highly focused check for low income and fixed income. That would be the music to our ears that we need right now to really help out the people during this time with this high inflation that’s going on next.
A couple of things that I want to point out to you that we also need to pay attention to. And again, whether Congress watches this all that closely, whether the President watches it all that closely is a fact of the matter. And we need to watch this closely. We need to pay attention to what happens to the financial markets, what’s going on with the stock market, what’s going on with real estate. I would say watch these two markets very closely.
When it comes down to cryptocurrency, I don’t really think lawmakers and or the President care all that much about crypto. So yes, we’ll have to continue watching that one closely as well. But at the end of the day, it’s not going to be like the deciding factor, right? We need to watch the stock market because this is where people are invested. This is where people have four hundred and one K S IRAs life savings.
This is where people have tons and tons of money that they’re going to rely on throughout their retirement and of course, throughout their lifestyle just to start drawing on some of this money. If in the event things get really bad, people typically turn to investments to start cashing out, to start paying for their lifestyle. So again, we’ll have to watch the stock market as this thing does whatever it does, if it continues to roll over, if it continues to rage forward ahead, whatever happens here. And we also need to continue watching what’s going to happen with the stock market because if it goes down a lot more, this is going to be a lot more appetizing for them to start printing money as in the Federal Reserve, right? So to watch that as well, we also need to watch all of this about recession, right?
We’ve been hearing a lot about this recession here lately. We need to continue to watch all the details about a recession in regards to how long is it going to be, how deep is it going to be, how much is this contraction going to be. We need to watch all the different factors about this ongoing recession and all these details, right? One more side note. I mentioned the real estate market.
We got to watch this closely. Again, if the real estate market falls off a cliff like what we saw back in 2008 time frame, if we see the same thing happen, then what took down the markets and everything then in the economy back in 2007 2008 it was basically the collapse of the real estate market, right? So we got to watch this one very closely as well, because if the real estate market goes down, it’s going to take down everything else in its path as well. Now, I don’t really think that’s going to happen, not a huge crash in the real estate market. But again, anything can happen at this point, right?
So we’ve got to watch all that going forward as well. So these are some of the factors that I wanted to point out to you that we need to watch going forward in regards to another check as far as what’s going to happen here and if they do actually apply some type of ongoing payments or a onetime check or something specifically focused on the low income and the fixed income. Now, I want to throw this out there as well. I’ve mentioned this before in another topic, but I want to still throw this out there in the event of another check. It would still not surprise me one bit at all if they came out and actually did offer a highly focused check for the low income and fixed income, all the beneficiaries I mentioned at the beginning of this topic.
However, I also want to make it very clear right now as well, a check has not been approved yet and will something be approved? I don’t know that. I’m not sure if something will be approved. So I don’t want to be here and get anybody’s hopes up and say for sure it’s going to come and for sure it will be approved. I don’t know that yet.
I’m just simply saying looking back at the last major contraction that we saw back in 2008, 2009 time frame, they did send out stimulus checks and they did approve in May of 2009, they did approve a one time highly focused check for fixed income beneficiaries of Social Security, retirement, SSDI survivors, SSI, NVA, as well as RRB that did happen in May of 2009. So my point is I wouldn’t be shocked to see that happen again.
So in the event of another check, I know that a lot of you here in the community have been reaching out asking will we be approved also? Will we get one? And I continue to say this in the event that there is another check, I almost feel like if there’s going to be one, it’s almost probably going to be a highly focused check just on these groups, right? They’re probably going to leave everybody else and that’s totally fine, right? So that’d be a good thing for the fixed income and of course the low income.
But again, these are some of the factors that I wanted to point out for you. There’s a lot of different pieces to this puzzle and of course we have to watch a few other things too, as well. Let me throw a couple more out there for you, Covet. We know that COVID is raging once again right now, right? Well, let’s be real, I’m not really sure if raging is the right word quite yet, but at least it is increasing in cases a lot across the entire country right now.
In fact, we’re already seeing some more restrictions coming on in some locations around the country, right. And there’s many more locations around the country that are still talking about implementing mask mandates once again, and all kinds of different things that are coming up. Right. So here we are and we have this COVID situation coming upon us again. Well, we know what happened back a couple of years ago in early 2020, Kovage shut everything down.
It was all because of this that closed it down and that’s what spurred the stimulus checks in the first place, right? So when it comes down to it, there’s a lot of different factors here. Any one of these could derail the whole thing. Any one of these factors that comes in could derail the whole economic picture and that could mean additional stimulus checks going out. Kind of makes sense here.
So, yes, I don’t talk about this all that much anymore, but I do know that some of you continue to reach out and ask what’s going on here? Well, I want to bring you the latest updates because things are changing and any one of these factors could be the catalyst to bring additional checks or at least a highly focused check. So anyway, hope this one kind of gives you some update and some perspective on what’s going on right now and what we need to continue watching going forward. But again, I want to throw this out there. You don’t need to watch all this stuff.
That’s why I’m watching all this stuff. I have a pretty good grip on what’s going on here. I’m in tune with what’s going on as I’m continuing to monitor all of these situations every single day. And as I do get more details on any of it, of course I’ll be right here for you, breaking it down, letting you know what’s going on and how it may impact you, your money, your benefits, your lifestyle, your checks, anything like this, or any type of ongoing monthly payment or even just a one time check.
So thanks again for reading. I really do appreciate it. Enjoy and I’ll catch you guys.