Jeff Childers brilliant economic analysis…must read …

including THIS

Honey, we shrunk the dollar!

the M1 graph shows the amount of dollars in circulation increased from a long-established, stable 4,000 billion in 2020 to over 20,000 billion in just 24 months. In other words, there is now FIVE TIMES AS MUCH CASH IN CIRCULATION as there was in January 2020.

Now — for some reason — Russia and China and a lot of other countries are like, hey, wait a minute. We need a stable world currency. A currency backed by gold, so that it can’t be shrunk whenever the issuing country doesn’t feel like paying its debts. And then, to add insult to injury, on top of shrinking the dollar, Biden also excreted a massively-complicated set of international sanctions rules, telling other countries what they can and can’t buy from each other, making their dollars even harder to use.

https://www.coffeeandcovid.com/p/brief-struggles-wednesday-august?utm_source=post-email-title&publication_id=463409&post_id=136335295&isFreemail=false&token=eyJ1c2VyX2lkIjo0MTgxOTE1MiwicG9zdF9pZCI6MTM2MzM1Mjk1LCJpYXQiOjE2OTI3OTUwNDMsImV4cCI6MTY5NTM4NzA0MywiaXNzIjoicHViLTQ2MzQwOSIsInN1YiI6InBvc3QtcmVhY3Rpb24ifQ.9uXuACPlT_yLEmzNzjEYDcvP_QgikhfDBWIB3ae6oIM&utm_medium=email