all because of M2 money printer, it broke how money works , process of fiat money started in 1971 but with covid printing they made last nail in the coffin.
Numbers go up because they can print UNLIMITED $trillions, your work means nothing.
All the Fed, CBs and invesment bankers lies to you when you ask about how printing and fiat money works. They steal real value from you, they only create certain amount of value with banking but instead they OWN the money suppy and control.
Why has inflation been low then? I know there was a covid spike and it's a little higher now, but if money printing was out of control, wouldn't we have Venezuela or Zimbabwe levels of inflation?
because printed money mostly goes to stocks, private family funds + overseas. That level of inflation requires failed financial system + lack of fiancial people.
Why do you think sp500 and stocks are at ATH? they get printed fiat that's why. you as a worker dont get printed fiat now so you dont add to consumer inflation. They gave covid checks and business loans when inflation increased, you dont get that benefit anymore. They learn their lesson to steal value from you.
You might be on to something. Do you have any further reading?
> all because of M2 money printer, it broke how money works , process of fiat money started in 1971 but with covid printing they made last nail in the coffin.
I don't think your claim is well founded or even has a rational basis. Frankly it sounds like an attempt to cram together impopular cliches.
It doesn't mattet whether you have fiat money or any type of commodity money. What matters is the monetary and economic policies in place. The gold standard didn't prevented the kind of inflation or drops in purchasing power that you're pinning on fiat or whatever scapegoat.
In addition, any type of commodity you might think of still shows huge price fluctuations. Take gold for example. Gold prices increased around 50% in the last year alone, and tanked about 20% in the last two weeks alone. Do you think that with the gold standard this would have zero impact on inflation?
> Numbers go up because they can print UNLIMITED $trillions, your work means nothing.
You're complaining about changes to the money supply. With a gold standard, you'd get the exact same benefit and consequences by the state increasing debt to fund their monetary and economic policies.
I think you're trying to vent frustration but you are failing to identify the problem.
I can't write long now but this one is good > https://news.ycombinator.com/item?id=45762412