https://x.com/kobeissiletter/status/1695809591047491857?s=46&t=6ONV85wYZa7vLFkNUkeCRA Since 2020, the US has printed nearly 80% of ALL US Dollars in circulation. To put that in perspective, at the start of 2020 we had ~$4 trillion in circulation. Now, there is nearly $19 TRILLION in circulation, a 375% jump in 3 years
If you look at a chart that isn’t seasonally adjusted, you’d see that M2 was 15 trillion and it’s now 21 trillion. Source: https://fred.stlouisfed.org/series/M2SL
Lmao Blackrock hiring 🤡 these days
Physical cash has pretty little effect on the overall money supply. The vast majority of dollars in circulation are from debt, not printing. Even if printing is way up, higher interest rates tightening up debt creation means money supply is flattening to decreasing.
OP, stop taking tweets as gospel. Verify your sources
Posts links as text. smhh....
Easy money has been the ONLY source of growth arguably since the early 2000s.
This printing is also a big cause of global warming. Every dollar we print creates demand somewhere or other (buying stuff, home, service, travel, buying skills, health, etc). Most demand is not inherent for well-being but artificial in nature. This demand eventually gets satisfied by exploiting the earth and her resources.. leaving a massive amount of carbon footprint 👣.. No wonder the global climate change and earth's temperature has gone up so quickly in the last 50 years after the introduction of fiat dollar With too much money in the system, instead of finding an efficient, cost-effective solution, we incentivize brute force resource heavy solutions for the myriad problems society has to tackle
Is KoblessiLetter account a spin-off from ZeroHedge russian propaganda? I see it citing ZeroHedge often as a reliable source…
Thambi - you got your facts wrong.
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Nope. https://fred.stlouisfed.org/series/M2SL We have $21T and we had about $15T at the start of 2020. And it’s not really the US printing the money directly. They slashed rates to zero and then people went and bought a ton of shit. You really need to verify things you read on Twitter.
Money can be printed in multiple ways ,bond is one way ,other options are injecting money through banks in terms of interest free loans /direct subsidies etc ..
Double down on your idiocy! 🤡