***keeps printing bogus trillions that have no backing in goods and services.***
And the nation that collapses first loses all. Remember the fall of the old USSR? I remember reading that people who had saved up millions of commie rubles for retirement lost it all.
It’s concerning that trillions have been pumped into the economy, without any increase in inflation.
Why? Because in a healthy ongoing economy, pumping money into the economy increases the money supply, and inflation results from the increase in the money supply.
If we are seeing the money supply increase but no inflation, that is a red flag of a depressed economy.
I realize that entire books have been written about these subjects, and you can’t express all the details in a short internet posting. But, it is troubling that so much money is out there, but we’re not seeing improvement in the economy or any inflation as a result.
Stay tuned. It could be a bumpy ride in the years ahead.
And politically, stay tuned. If a Republican is elected president in 2016, he will be blamed for the fallout from the Obama era policies.