USA dollar is 229 years old.
60% of all notes in existence was created in 228 years.
The other 40% just in 2020-21.
If you think that sht ain't going to hurt then you're a dumbarse.
You're an idiot.
The primary purpose of inflation is that it is a stealth tax.
The primary purpose of capitalism is for capital to flow where it is needed. The fed has been buying shares with stolen capital. Aka nationalizing. Aka putting capital where it shouldn't be.
Case in point. A startup telco company that has never turned a profit. In fact year on year its loss margin worsens. But now cash rich from the share market shenanigans it goes and buys $500 million shares worth of an old telco vendor that makes a profit but was cash poor. Now the vendor has to give up its proven on premise model and adopt the startups shtty over priced cloud model no one buys.
Can you see the harm being done there?
There is no question that economies are being wrecked but that they are proving resilient. IMHO they will destroy all in order to sweep through the great reset.
Ps. Only psychopaths think that economies can or should be controlled. They can only ever being fuked up to varying degrees by attempts to do so
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