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by CrefloSilver999
Putin says america choice to print cash led to the rise in international meals costs
Take the emotion out for a second.
Russia is making $800 million a day from oil and fuel and is hoarding gold alongside international locations inside BRICS
When will individuals see what is going on?
— Gold Telegraph ⚡ (@GoldTelegraph_) June 3, 2022
40% of US {dollars} in existence have been printed within the final 12 months: Is America repeating the identical mistake of 1921 Weimar Germany?
On January 1, 2020, bitcoin was buying and selling at $7,160. The Dow Jones was additionally buying and selling at 28,634 on January 3, 2020, earlier than crashing to 19,173 on March 20, 2020, after the coronavirus pandemic broke out in america. States and the Federal governments instantly shut down the economic system and hundreds of thousands of individuals misplaced their jobs.
As a part of its effort to stimulate the economic system, the U.S. authorities issued stimulus checks to hundreds of thousands of employed Individuals. The place did the cash come from? The federal government needed to borrow by promoting its debt within the type of U.S. Treasury bonds and different kinds of securities. The after the bonds are bought, the Federal Reserve will get to work and begins printing cash.
However cash printing isn’t new. The Federal Reserve has been printing cash to pay for about $29 trillion in U.S. debt. Nevertheless, what’s new is that the 40% of US {dollars} in existence have been printed within the final 12 months alone.
What’s so ironic about this quantity is that simply two years in the past, Federal Reserve reported that 40% of Individuals don’t have $400 within the financial institution for emergency bills, based on a report from ABC Information. The 2019 Federal Reserve survey finds that nearly 40% of American adults wouldn’t have the ability to cowl a $400 emergency with money, financial savings, or a bank card cost that they may shortly repay.
Reminder of the Fed’s members’ trades:
– Powell owned $1.25-2.5 million in municipal bonds, whereas the fed purchased $21.3B in municipal bonds.
– Rosengren owned 800K of mortgage REITs, whereas the Fed purchased $649B
– Barkin purchased $3M in company bonds, whereas Fed purchased $46.5B t.co/C1HA6tw8Lo
— unusual_whales (@unusual_whales) June 4, 2022
Putin Says US Choice To Print Cash Is Behind Hovering Meals Costs
Earlier, we reported on the deranged, confused, false ramblings of a senile outdated man who’s so out of his depth in operating the world’s largest economic system, the catastrophic outcomes will quickly be apparent to even his most die-hard followers. Now, it’s time for his nemesis on the world scene, Russia’s Vladimir Putin to reply.
Talking in a TV interview on Friday night, following a gathering with African leaders in Sochi, Putin accused Western leaders of making an attempt “to shift the accountability for what is going on on this planet meals market” and mentioned that “restrictions imposed by the US and its allies towards Russia and Belarus will solely exacerbate the looming international meals disaster by affecting fertilizer commerce and sending the meals costs additional up.”
As a substitute of wanting towards Russian, Putin mentioned that the basis causes of the disaster lie with the US choice to print file quantities of cash which led to a rise in international meals costs, in addition to Europe’s over-reliance on renewables and short-term fuel contracts, which have led to cost hikes and rising inflation.
“It started to take form as early as February 2020 within the technique of combating the implications of the coronavirus pandemic,” he added.
WTI crude oil poised to color its highest weekly shut in 14 years…since 2008. pic.twitter.com/3FMvmrsp1r
— TF Metals Report (@TFMetals) June 3, 2022
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