by Nick Giambruno
You often hear the media, politicians, and financial analysts casually toss around the word “trillion” without appreciating what it means.
A trillion is a massive, almost unfathomable number.
The human brain has trouble understanding something so huge. So let me try to put it into perspective.
- 11 days to make a million dollars.
- 31-1/2 years to make a billion dollars.
- 31,688 years to make a trillion dollars.
That’s how enormous a trillion dollars are!
And that is precisely what the Federal Reserve and the central banking system have enabled the US government to do.
From the start of the Covid hysteria until today, the Federal Reserve has printed more money than it has for the entire existence of the US.
For example, from the founding of the US, it took over 227 years to print its first $6 trillion. But in just a matter of months recently, the US government printed more than $6 trillion.
During that period, the US money supply increased by a whopping 41%.
In short, the Fed’s actions amounted to the biggest monetary explosion that has ever occurred in the US.
Initially, the Fed and its apologists in the media assured the American people its actions wouldn’t cause severe price increases. But unfortunately, it didn’t take long to prove that absurd assertion false.
As soon as rising prices became apparent, the mainstream media and Fed claimed that the inflation was only “transitory” and that there was nothing to be worried about. Then, when the inflation was obviously not “transitory,” they told us “inflation was actually a good thing.”
Of course, they were dead wrong and knew it—they were gaslighting.
The truth is that inflation is out of control, and nothing can stop it.
Even according to the government’s own crooked CPI statistics—which understates reality—inflation is breaking through 40-year highs. That means the actual situation is much worse.
Read the entire article at https://www.zerohedge.com/economics/its-game-over-fed-expect-monetary-rug-pull-soonwww.zerohedge.com/economics/its-game-over-fed-expect-monetary-rug-pull-soon