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The dollar is worth less, I am not sure what you’re asking
Quantitative Easing was printing money; but that was before covid.
It did… its called 15% inflation
Google inflation. That’s what you’re talking about, and that’s what’s happening to basically every country that was hit hard by the pandemic… the US included.
Exchange rates are based on a lot of things , not the least is the strength of the economy overall, which is not just a snapshot but based on history. And the US economy is without a doubt the strongest in the word. So, when the USA “Pumps money” into the economy, they’re not just printing more, but redistributing what’s already there.
A smaller economy with a weaker financial system cannot do the same, hence the value of its currency goes down.
Our GDP in those years was something like 21 or 22 trillion dollars, the covid measures were huge, but so is our economy.
The repressed economy was also slowing inflation. Now an inflation bump has come due, but not nearly as big as what would happen to others who did anything at that magnitude.
Money isn’t “real” in the sense of intrinsic value. We made it up and agree it’s worth something because that makes life a hell of a lot easier. We also bend or change the rules sometimes when they keep it from making life easier, like the decline of bullion standards. We being humanity, not just the US.
Look up the term inflation, my friend.
Go to a store on the US. Fill up your tank. It’s the beginning of hyper-inflation. Exchange rates don’t show it accurately because other countries did the same. Watch how many people die of starvation in the next 2 years and you will begin to understand how it affects the world, not just individual countries.
Just look at the stock market, those dollars were invested and overinflated everything, now the market is starting to correct and we’re only just now realizing the fallout.
Cos they killed Ghadaffi and got rid of the idea of gold-based petro currency
because it devalues the currency
Inflation is real and happening now. I think the US economy is just big enough that it can absorb it to some degree to not cause a total inflation spiral. Where a lot of other countries are much more sensitive to printing cash. But it’s still having an overall negative effect on the US and inflation.
Because everything you know about economics is made up bullshit, just like the actual economy. It works the way it does because that’s how the people in control it want it to act.
It did. Its called inflation, and it rarely sets in immediately. I’d imagine the inflation the US is seeing today is a result of 2020 decisions.
Things are probably going to get **much** worse.
Want to know why gold is 10x more “expensive” now than it was in 2000? Ask yourself why there is 10x more “dollars” now than there was in 2000. Think about it.
Crazy Inflation and retarded gas prices keeps that money going back into uncle Sam’s pockets.