How America CHEATS the World With Its DOLLAR $$ | Economic Case Study
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VIDEO INTRODUCTION:
Ladies and Gentlemen, The American dollar is a ticking time bomb!!
You know in 1923, after Germany lost the war, the german govt was forced to pay 33 Billion dollars in reperations!!
So you know what they did?They started printing money!!! And when they printed money, germany Unlocked an economic horror story that they will remember for a century!! The german currency became so worthless that in 1921, 1 dollar was equal to 70 german mark!! But by the end of 1924, 1 dollar was equal to 4.2 Trillion marks!!
Money was worthless that people burned cash for fire, because the firewood was more valuable than the currency they were burning!!
But the same thing happened in zimbabwe, when they printed money to get out of economic crisis, zimbabwe hyper Inflation hit 89.7 sextillion percent. That 89.7 followed by 20 zeroes!!
Similarly when venezuela printed money, hypreinfaltion hit 1 million percent!!
So History tell us that every time a country prints a lot of money, they are more likely to face an economic horror due to hyperinflation!!
But hereâs where it gets insane.
In April 2020 alone the United States created 3 Trillion dollars!! And this is where Economists believe that the dollar could turn into a ticking time bomb!!
Why? because the US debt today is over $36 trillionâŠwhich is more than the GDP of India, China, Russia, the UK, and Japan combined!!
But somehow do you realise there is no hyperinfaltion in the US, the US economy is collapsing, Infact the United states seems to progressing no matter what they do!! And this is where ladies and gentlemen, the American dollar could be a ticking bomb that could destroy the world economy!!!
So the question is,
Even after America printed so much money, how is america not experience hyperinfaltion?
Can America simply keep printing money without any worry?
And how on the earth the world trusting the US dollar inspite of all this madness!!??
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â Study Materials:
https://www.chicagobooth.edu/review/how-quantitative-easing-actually-works
https://www.axisbank.com/progress-with-us-articles/other/quantitative-easing-and-quantitative-tightening
https://www.brookings.edu/articles/fed-response-to-covid19/
https://americandeposits.com/insights/history-quantitative-easing-united-states/
https://www.cmegroup.com/openmarkets/interest-rates/2024/How-the-Fed-Uses-Quantitative-Tightening-to-Address-Inflation.html
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