August 28, 2023
Below is a chart of the US money supply.
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.
We are paying the price for trillions of Dollars that were printed seemingly overnight.
Why is the Fed surprised that inflation hit a 40-year high?
Tim adds:
I've been preaching this to deaf ears. The Biden junta tries to blame inflation on the Ukraine War or other such things but it is in fact a coefficient of the huge spike in the money supply. No other reason. Now Biden has no direct control over this BUT he is still lying about it because a.he wants to give the Fed cover so they don't tighten the supply and cause a recession he will be b lamed for and b.it is there because of the gargantuan spending packages he pushed through via his "Inflation Reduction Act" and other big spending programs which the Fed had to fund by printing more money. This inflation is entirely artificial, a pure monetary problem tied to overspending.
Posted by: Timothy Birdnow at
08:14 AM
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