“If more of us valued food and cheer and song above hoarded gold, it would be a merrier world.”― J.R.R. Tolkien ―
11 Trillion dollars where printed last year alone, a value unimaginable by our feeble minds. This means roughly 80% of the entire US dollars in circulation got printed in a single year!
Every time I look at this chart it sends chills down my spine. Millions of human beings depend on the US dollar to protect their life savings, from the Venezuelan people living under a communist regime and fighting hyperinflation, to the Argentinians suffering a similar hyperinflation and looking at the dollar to preserve the value of their savings.
For us in the LEO community and people already introduced to cryptocurrencies, the solution and the path forwards is pretty clear. Decentralization and true ownership of a DEFLATIONARY coin is enough to help us preserve our wealth for the foreseeable future.
As to the reason why 11 Trillion dollars got printed last year alone, I dare not speculate the reason, my knowledge about the FED and how it operates is practically zero. All I know is Trump decided to integrate the FED, which up until that decision was a PRIVATE COMPANY, to the US Treasury. A bold move which shows us how Trump has a big plan in play, a plan I can only speculate about. My speculations are Trump is preparing the launch of a new Quantum Financial System based on blockchain and backed by fisical assets such as Gold and Silver. While many believe Trump to be out of the picture as Biden took office the 21st of January, I would'nt be so quick to jump to conclusions, the amount of fraud during the US elections is so big new evidence keeps being shown to the public and is beginning to involve other countries in the fraud, such as Spain, Germany, Italy... Anyways, just the rambles of a trader looking for a place to deposit his savings and prevent the inevitable collapse of the US dollar which seems closer than ever.