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2020, US printed $4 trillion dollars, 20% of all the currency it had ever printed. Then gave it to the richest and the greedy through PPP loans, and they stuffe
by downrightmike 2mo ago
2020, US printed $4 trillion dollars, 20% of all the currency it had ever printed. Then gave it to the richest and the greedy through PPP loans, and they stuffed that into the market. More $1t companies is logical.
This isn't too dissimilar from when Spain plundered the new world for gold and silver. Which then inflated their local markets as there were only so many real goods to be bought, otherwise they paid off debt, and came out of that poorer and didn't have money to build ships. They were strong on paper until England challenged them.
US was strong on paper until it went after Iran. US is having it's Spain moment right now.
- ProllyInfamous 2mo agoI worked for a charity a few years after the PPP bamboozle (at the time, equivalent to outstanding student loan debt ~1.7TT iirc). We pulled annual funding from something (which we were initially really proud of) after we discovered one of the physicians involved had "fulfilled" (i.e. borrowed and legally never repaid, per PPP's generous terms to business owners) their own business' loan, to the six-figure tune almost identical in value to their new company Mercedes Benz AMG... Ridiculous, most of "charity" (for the record: good ones exist, occassionally and early on [is typ.]) isn't anything more than tax write-offs and swindling. ---- >>2020 USD I absolutely 'member how crazy those 2020 M2 charts were (i.e. money creation/turnover).