First published at 04:41 UTC on June 6th, 2022.
This video is a follow on from the previous video dealing with Heroin addiction. If you haven’t seen that video, I would recommend you doing so before watching this one.
Let’s pick up where we left off.
the Money Supply / Massive currency creation…
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This video is a follow on from the previous video dealing with Heroin addiction. If you haven’t seen that video, I would recommend you doing so before watching this one.
Let’s pick up where we left off.
the Money Supply / Massive currency creation
So, in our analogy, money, or rather currency, can be considered as Heroin.
Ever since the Financial crisis of 2007 / 2008, the FED, the Central Bank of the US, has been engaged in a massive stimulus operation – an expansionist monetary policy called Quantative Easing (QE). It’s a large-scale asset purchasing programme. Basically, it’s currency creation.
Since the onset of the Pandemic, the Money Supply, the creation of currency, has increased markedly. Indeed, in 2020, the FED increased the money supply by some 30%. This is truly incredible.
There’s a chart you might want to look at. Those of you who are more visually orientated might appreciate this. Type “FRED M1 money supply chart” into a search engine and take a look. The line chart you will see is a classic Hockey stick shaped chart. Notice that the source is the “Board of Governors of the Federal Reserve System”, so it’s not me just fabricating stuff. And, bear in mind that this is only what they are acknowledging at an official level. There is most likely other stuff they have not made public.
Also, if you type in “FRED M2 money supply chart” into a search engine and look at the chart, then you will the see a fairly different chart – not such a dramatic rise. Be advised that, of course, the Central Banks would rather you to focus on the M2 chart because it doesn’t look quite so bad. Sorry to be course, but fuck them and fuck what they want.
Moving on …
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