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.

gzsg

When you see the UAL TA please keep this in mind.

Little raises are spitting into the wind.

25%, 10%, $10%. Are barely covering all the money printing and inflation.

The company men on here are already doing all they can to lower expectations.

“we don’t need big raises, and we can’t get vacation so free medical will be a big win! And positive space passes!”

We had free medical and they stole it along with our retirement.

SonicFlyer

https://fred.stlouisfed.org/series/M1SL

Hawaii50

We should stay out of United's business. Sure it would help us if they did great but it's up to them and you're making the rest of us look like aholes.

theUpsideDown

Seconded. We dont want them bothering us here, dont do it to them.

avident22

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.

DeltaboundRedux

“In the Carboniferous Epoch we were promised abundance for all,

By robbing selected Peter to pay for collective Paul;

But, though we had plenty of money, there was nothing our money could buy,

And the Gods of the Copybook Headings said: "If you don't work you die."


-Rudyard Kipling, Gods of the Copybook Headings. Great little poem. Seems apt here.

Rooster435

I don’t pretend to understand any of this but the thing that stuck out from this chart to me is in May 2020 the notes say they changed how they calculate M1. This is the exact same time you see the spike in the graph.

I googled dollars in circulation and don’t get any numbers close to what the OP is indicating.

avident22

pretty self explanatory chart…

Gooner

Highly recommend you all read why M1 value changed.

https://fredblog.stlouisfed.org/2021/01/whats-behind-the-recent-surge-in-the-m1-money-supply/

http://www.collaborativefund.com/blo...-as-you-think/


Or sure, while the world melted down in April 2020 the Treasury department put $16 Billion on pallets down on Wall Street.

the conspiracies believed by pilots who watch large organizations trip over itself to do basic things shocks me every time.