Originally Posted by
gzsg
Now a little over a year after our last piece, the Federal Reserve has updated the numbers. Sadly it’s no longer 40 percent of all U.S. dollars that were printed since 2020, not 50 percent and not even 70 percent. Since January 2020, the US has printed nearly 80% of all US dollars in existence.
To understand the magnitude of the Fed’s money printing, we need to go back 22 months ago. At the start of 2020, there was $4.0192 trillion in circulation. On January 4, 2021, the number increased to $6.7 trillion dollars. Then the Fed went into overdrive. By October 2021, that number climbed to $20.0831 trillion dollars in circulation.
No one wants to see this elephant in the room. People have zero clue of what this means.
Not only is there a huge amount of money in circulation, but consumer debt is at an all time high. Jobs are artificial due to COVID, and wages have zero chance of keeping up with inflation.
Inflation lags, if you think the “8. Something, which is way more in reality” is high, wait until that money really translates to inflation.
The FED is in a corner, and there is no good way out, suffering will happen either through hyperinflation and stagflation, or through extremely high interest rates. The latter has less of a chance given our 30 trillion dollar debt. Currently the us government has to use 50 cents of every dollar they collect in taxes to pay interest on our debt, and that’s just at a 1. Something interest rates.
Powell, Yellen, they all know this train lost its brakes, they have lied to us all this time, they knew inflation was going to go up, how can you not printing all that money? these politicians have been kicking this dovish monetary policy CAN down the road for decades… the crash is going to happen soon, and fast. There won’t be any contract, must of us will be begging for a job. Hopefully am wrong.
PS: do not compare 1980s inflation to today please, that will just tell me you don’t understand the significance of the Debt.