Wednesday, May 27, 2020

New currency == devalued existing currency

Currency in circulation has already doubled since the start of the pandemic. Technically that means things has gone down by 50% in value if price has stayed the same as before the pandemic, wealth is measured in productivity. Productivity has gone down so you can add what ever percentage that is and find the real fall. Divide the "money" in circulation on the products and services then you have the total price. Its not harder than that. S&P "going up" is logical when you think about it, in reality it has gone down from 3380 to about 2000 (~-40%) with the extra currency taken into account. Its amazing how we people tend to lag behind the numbers that are soo clear to us, maby the americans dont want to realize that printing money dont make them richer, it just devalue existing currency in circulation to make it possible for the banks to put it the new devalued currency where they want to. Its theft. Increasing tax, interest or anything now will just make it impossible to service the debt, you are already in a spiral of shit. Pushing one button to fix something will blow up something else in the other end.

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