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bullrider_21 commented on a stock · Jun 30, 2023 19:29

U.S. money printing, inflation and debt

Some body said that China printed money to stimulate its economy. Nobody does it more than the U.S. As of Mar 2021, U.S. all-in money printing was approaching USD13 t (USD5.2 t for COVID + USD$4.5 t for Quantitative Easing + USD$3 for infrastructure. That's more than the US spent in its 13 most expensive wars combined. Wars were used because they're the most expensive things we can think of. COVID costs total USD5.2 t, which is about 25% of GDP. USD5.2 t is the total cost of all American wars since 2001, and is greater than even the most expensive war in history, World War II with USD4.7 t (in today's dollars).
Mountains of money cause inflation. Inflation causes increases in interest rates, lowering bond price.
Money printing for Quantitative Easing (QE) appears to have worked, so the plan is to load on a bunch more paper money. Is there no limit?
Read the articles below to find out why the money printing caused inflation to hit a 40-year high and why it has different effects on different countries.
Robert Kiyosaki, author of the best-selling book "Rich Dad Poor Dad," has warned the continued devaluation of the dollar will likely make the currency worthless, especially with the excessive printing. In this line, he has termed the dollar 'fake money' or 'toilet paper'.
The author pointed out an indication of the domination's end as the world reserve currency can be viewed from other countries forming economic alliances. He cited the growth of BRICS (Brazil, Russia, India, China and South Africa) member countries that are opting to transact in another form of currency.
He further suggested that the world has had enough of the transacting in the dollar while supplying the U.S. with real goods.
In the meantime, Kiyosaki projects a possible global economic crash that has been worsened by the rising inflation, which he blames the Fed for failing to contain.
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