Almost a fifth of America's monetary supply was created in 2020. Since 1913, the #dollar has lost more than 90 percent of its purchasing power. zpr.io/RGCB7
I have often wondered about the quantitative easing programmes over the last 15 years. Gov bonds are bought forcing investment in equities. If this trickles down to joe bloggs it should drive inflation. Yet inflation has been relatively low?
cnbc.com/2021/02/25/why…
#cryptocurrency #Bitcoin another bonus is that these products are also a great equaliser in that anybody can exchange and trade these at quite minimal sum and significantly low trading costs... why didn't anybody tell me this before....!!
Why doesn't anyone ever mention the impact of QE and how it has funded the vaccinationation programme. At the same time taxes are going up to pay down the National Debt!
BBC News - What is the UK's inflation rate and why is the cost of living going up?
bbc.co.uk/news/business-…
Ha ha... he probably wasn't yet I would guess that he is now. However even if he is I bet he won't get to enjoy it until the war is over and he is safe...