40% of All the Money Ever Printed in the US, Was Printed in the Last 12 Months?
The Federal Reserve has been printing money like it’s going out of style in an attempt pay for about $29 trillion in U.S. debt. While it’s nothing new for a government to print money to cover some debt, what is new however, is that the 40% of US dollars in existence were printed in the last 12 months alone.
Which doesn’t seem like it will end well…
WATCH:
Why is the US Printing So Much Money?
As part of its effort to stimulate the economy, the U.S. government issued stimulus checks to millions of employed Americans. With money they didn’t have…
The government had to borrow by selling its debt in the form of U.S. Treasury bonds and other types of securities.
On a similar but not altogether different note, here’s Charlie Munger and Warren Buffet explaining how, if the government prints too much money, it ends up like Venezuela.
WATCH:
How Much Money Will the U.S. Print This Year?
For the 2022 fiscal year, a range of 6,876,800,000 to 9,654,400,000 pieces of money will be printed, totaling from $310,572,800,000 to $356,179,200,000.
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