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Learning & News => News related to Crypto => Topic started by: newshunter on August 01, 2020, 01:01:16 AM

Title: US Printed More Money in One Month Than in Two Centuries
Post by: newshunter on August 01, 2020, 01:01:16 AM

US Printed More Money in One Month Than in Two Centuries

The Federal Reserve’s money printer has cranked up to ridiculous levels — but will it really lead to inflation?

Source: US Printed More Money in One Month Than in Two Centuries (https://cointelegraph.com/news/us-printed-more-money-in-one-month-than-in-two-centuries)

Would appreciate your opinion about this

Title: Re: US Printed More Money in One Month Than in Two Centuries
Post by: Astra on August 16, 2020, 05:54:06 PM

This amount of new dollars will not only lead to inflation. Already at a serious level, they started talking about the fact that in the near future the dollar will cease to be a global reserve currency and will give way to the Chinese yuan. Given the growth rate of the Chinese economy and the fact that China does not have such a devastating impact on its economy from the spread of the coronavirus compared to the United States, this is quite possible.

Title: Re: US Printed More Money in One Month Than in Two Centuries
Post by: TomPluz on August 17, 2020, 06:36:07 AM

Induced more by the roaring pandemic now affecting many places in the USA, the government's Federal Reserve has no choice  but to make more dollar to serve a hungry economy. Will this lead to massive and uncontrolled inflation? For now, not yet but by the time when the global economy is going to massively reject the USA Dollar then that can be the time when inflation is going to be slapped on this country big time.