PBS documentary this blog post refers to: https://www.pbs.org/wgbh/frontline/documentary/age-of-easy-money/
What happens when you dilute your supply by printing money?
The value of each $ dollar falls, leading to an overall increase in prices on all goods. It takes 'more bang to get things done' with the buck, to put it in simpler terms.
This is exactly what happened during the last year to year and a half, but the latest nearly 2 hour PBS (Public Broadcasting Programming) documentary will attempt to reign in the cold hard facts of the matter -- and sprinkle a generous dose of "realism" and "authenticity" to flagrant corruption and oppression via financial mechanisms:
- Key figures decided to be reactive in the Federal Reserve, increasing the supply due to pressures from Covid financial depression (okay...okay, so 4 TRILLION dollars were necessary?)
- According to the documentary, the hyperinflation situation is all akin to Lehman Brothers financial scandal where reckless actions led to a fallout on the general citizenry, who lost billions in savings. ("Just mistakes ok guys, sorry, we didn't see that one coming, so its all very human you know? Forgive us?")
I didn't need to see another one of these because they all come with such an air of authority to them, yet are vapid of any bottomline that makes sense. They just throw up a bunch of dust and excuses, but about mid- to mid-end of the documentary you hear one of the NYT analysts mention the 4 trillion dollars being printed.
That should be the front-and-center, yet magically isn't.
-- What person in their right mind, during an economic depression from an unforseen widespread illness decide "Let's print so much money that we haven't needed or forsee a need for in the next decade" to help our civilization?!
The hard fact is, the Fed printed so much money that the United States Dollar has enslaved virtually the entirety of middle class Americans (that is, those who hold at least 1 property they call "their home") for the rest of their lives, and probably the next generation of adult Americans.
Prices will be so damn high on housing, energy, food and other categories that there will be no savings but rather infinite debt. Remember! There is NO BURN event as this isn't crypto. No burn for that excess supply to reign in the overabundant supply.
That is what happened and PBS isn't singing it. The majority of these dollars are floating around -- somewhere, God knows where -- and didn't even make it to you or me or even the institutions like schools during the "covid crisis". According to some reports, quite a bit of the measily billions for Covid relief went to A-list celeb businesses, governors like California's slick daddy-o Gavin Newsom and the Chinese Communist Party corporations overseas.