"Dollar in Freefall- The Economic Meltdown Has Just Begun"
The Atlantis Report
Dollar In Freefall -- The Economic Meltdown Has Just Begun
Premiered 12 hours ago
Dollar In Freefall -- The Economic Meltdown Has Just Begun The world central banking system has collapsed. The banks are throwing money over their shoulders while they run for cover.
In the new economic age ushered in by the pandemic, central banks around the world have vastly expanded monetary activism far beyond anything seen before.
The US Federal Reserve has expanded its balance sheet by nearly $7 trillion in just a few months, and as far as anyone can tell, there is no end in sight.
In the words of Fed chairman Jerome Powell, the Fed “isn’t even thinking about when it will think about raising interest rates above zero.”
But central bank activism may soon be moving in very new directions. To deal with tens of millions of newly unemployed workers and the reality that entire commercial sectors are no longer viable, the banks are currently looking at ways to put newly created money directly into the hands of consumers.
Against a backdrop of a weak economy, this a clear recipe for stagflation. We are the most indebted nation with the most indebted citizens. America is feeling really scummy.
The country is like an Instagram post of a $20 martini that someone used their credit card at 18% interest to buy.
Since the dollar is a debt instrument and there are debts galore as far as the eye can see.It is inflation that is the all too real risk .
The dollar is hovering near a two year lows. M1 Money supply of the United States has increased by 64.5% since the beginning of 2020. There is no history for this. None.
This would seem to be the more important medium and long-term inflationary risk rather than any technical short-term traders bounce.
For the full transcript go to https://financearmageddon.blogspot.com