When you print more money it means there are more dollars chasing the same amount of goods and services, which causes prices to rise. In just the past three fiscal years, federal spending has swollen to nearly $7 trillion a year, up from about $4.4 trillion in fiscal year 2019. Spending was $6.6 trillion in 2020, and $6.8 trillion in 2021.
If we want to put this into perspective, we can take a look at the monetary supply at the beginning of 2020, which showed just $4.0192 trillion in circulation. By January 2021, that number had jumped up to $6.7 trillion — but this was only the beginning.
By November of last year, that number climbed to $20.354 trillion dollars in circulation — meaning that since January 2020, the United States has printed nearly 80% of all US dollars in existence.
This is according to the Board of Governors of the Federal Reserve System and not some conspiracy theory either. See the chart below.
Since 1913, all of this taxation, inflation, and fiscal irresponsibility has been facilitated largely by the group responsible for printing America’s currency — the infamous privately owned, Federal Reserve Bank.
You might remember a similar pattern happening in Weimar Germany, in between WWI and WWII.
So are you still wondering why everything is going crazy all at the same time? Countries that produce real goods and services will succeed. Countries who produce mostly magical financial ponzi schemes will not. Pretty simple. Maybe don't outsource all your manufacturing next time? Maybe don't let foreigners take over all your banks and news media? Durhurdur. LOL
"If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered." -- Thomas Jefferson (Lawyer, 1743 - 1826)
