[Investment Watch Blog via the WhatFinger Dumpster] Get ready for a staggering admission.If you add up all of the money the U.S. has ever printed... over 40% of it was printed in 2020 alone.
That is not a typo.
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| -Land of the Free |
| What Could Possibly Go Wrong? |
| 2021-02-10 |
| [Investment Watch Blog via the WhatFinger Dumpster] Get ready for a staggering admission. If you add up all of the money the U.S. has ever printed... over 40% of it was printed in 2020 alone. That is not a typo. |
| Posted by:Phuter Threagum3624 |
| #7 Do androids dream of electric sheep? depends... are they Islamic? |
| Posted by: CrazyFool 2021-02-10 18:06 |
| #6 I bought everyone in the family their very own 1 million Zbuck note for Christmas once, as a memento, warning and joke. No one got it, then. NOW they do. |
| Posted by: Shiva Protector of the Hohlraums 2021-02-10 16:50 |
| #5 Do androids dream of electric sheep? Rick D. wants to know. Or not. A whole lot could go wrong. |
| Posted by: Shiva Protector of the Hohlraums 2021-02-10 16:42 |
| #4 I wonder if Musk's Dogecoin game is related to a $ collapse prediction. |
| Posted by: 3dc 2021-02-10 15:40 |
| #3 What if you held a mandatory EV (Electric Vehicle) party and nobody came? Start with this: Moore’s Law was never a law. It wasn’t even a theory. Didn’t even make it to hypothesis grade. This is what it was: bunk. If you’ve never heard of Moore’s Law, no worries. We’ll get back to it in a moment. For now, let’s go to the news: Last week, according to my sources, the nice people at Genesis Motors formally notified their dealers that there would be no new “ICE”—meaning internal combustion engine—Genesis vehicles in the future. Everything you see in their showroom, including the charming G90 grown-and-sexy sedan, is the last of its kind. All electric from here on out. This notification, following nicely on the heels of Cadillac’s similar pronouncement, definitely smacks of follow-the-leader thinking. The “leaders” in this case are all the government mandarins and mountebanks who have implemented drop-deadlines to abolish the “ICE” at some point in time that is always beyond the limits of their current term. The automakers are actually egging the feds on here; two years ago, they met with President Trump and begged him to make sure the CAFE requirements kept climbing to the point where it would eventually be impossible to make gas-powered vehicles. There’s a reason for that, and it’s simple: Electric Vehicles (EVs) are somewhere between toys and trash, a situation that will continue for the foreseeable future. So the whole auto industry is currently engaged in a trillion-dollar Prisoner’s Dilemma that goes something like this: 0. If none of the automakers go electric, the government will presumably go nuts. 1. If all of the automakers go electric, the consumers will go nuts. 2. But if most of the automakers go electric and a few don’t, the few holdouts will likely experience tremendous market gains and profitability as a consequence, while the electric sheep get SHEARED. Read more on link SHEARED |
| Posted by: Bill Splat3596 2021-02-10 13:39 |
| #2 a bit misleading yes, M-1 has increased ~40% in 2020, up by about $3 trillion; mostly because of the stimulus payouts but M-1 includes not just currency but checking accounts, on demand deposits and other 'easily and quickly spendable' accounts it is not 'printed money' in that sense and, yes, IMO the stimulus, especially the second one, was overdone by a lot |
| Posted by: Lord Garth 2021-02-10 11:50 |
| #1 Due to the Zimbabwe effect, you are looking at the future of "money" |
| Posted by: Chineck Angogum1145 2021-02-10 08:01 |