Inflation has risen in three of the last four months and is slightly higher than it was a year ago. Yet you wouldn’t know it from listening to President Donald Trump or even some of the inflation fighters at the Federal Reserve who have dismissed or even downplayed inflation.
Well said. Additionally, the Dollar also gets weaker when there’s more of them that have been printed AND those new dollars aren’t being spent. We printed a whole lot of money in 2020 and after, and now basically none of those Dollars are being spent:
https://fred.stlouisfed.org/series/M1V
I don’t think the US is going to break apart, but it’s very likely the current administration twill try to invent a new US currency to hide the failing Dollar.
Their recent Crypto scams indicate they are trying to mint an actual US Dollar Crypto coin, which would be even worse than the US splitting apart imo. Mostly because that would turn existing dollars into Micky Mouse bucks that have no actual value. The US becomes a Peter Piper Pizza place you can never leave because they run on US dollar “tokens” instead of the rest of the world that runs on real currency.