Your dollar is about to get even weaker as inflation skyrockets once again

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unexpectedly

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The ad on this thread is for lube.

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Our dollars are worth about 75% of what they were worth in January 2021. And it’s only going to get worse.

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First, the Fed lowered interest rates by 1½% in March 2020, from about 1½% to just above 0%, effectively lowering other banks’ cost of borrowing to nothing. This increased banks' borrowing of money the Fed created. (See Figure 2.)

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Second, since the beginning of March 2020 the Fed bought nearly $6 trillion in assets (mostly bonds and other long-term securities) with money they created (and which added to the money supply). This includes $3 trillion in just the four months beginning March 2020. These purchases by the Fed were intended to put more money into the economy.

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The Fed’s actions drove a $6.4 trillion increase in the M2 money supply between March 2020 and the end of 2021. This was a massive and unprecedented 42% increase in only 22 months, far more than could be absorbed by economic growth, even with the strong recovery we have had.

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You know that's based on your search history....

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