5 ms·
>Well when 80% of all US Dollars were "printed" / created in the last 2-3 years massive inflation will follow I've heard this is a completely debunked conspira
by BrainVirus 4y ago
>Well when 80% of all US Dollars were "printed" / created in the last 2-3 years massive inflation will follow
I've heard this is a completely debunked conspiracy theory:
https://leadstories.com/hoax-alert/2022/04/fact-check-80-percent-of-us-dollars-in-existence-were-not-created-in-the-last-two-months-as-of-april-16-2022.html https://leadstories.com/hoax-alert/2022/04/fact-check-80-per...
You see, this is why Disinformation Governance Board was a good idea.
- junofan 4y agoHahaha, good to know the fact checkers are there to tell me that no, 80% of all hard currency has not literally passed through a printing press in the last “two months.” Need a good laugh after seeing [1]. And yeah, I know most of the increase is due to an accounting change. [1]: https://fred.stlouisfed.org/series/M1SL https://fred.stlouisfed.org/series/M1SL
- deleted 4y ago[deleted]
- phpisthebest 4y agoyour link proves why a Disinformation Governance Board is a TERRIBLE idea. Notice the comment says "printed" / created, as I was using "printed" in the Figurative meaning not literal meaning The Fed can create new money with out requesting that money be physically printed by the BEP. This is why a "run on the banks" is a fear, because no bank in the world has enough physical currency to cover all "dollars" in accounts. Only a fraction of dollars exist as a physical item