Making the money printer go brrr devalues the currency that is being printed, which results in too much money chasing a limited amount of goods. This gives way to hyperinflation, which I already forecasted for a long time well before the pandemic started. The economic crisis associated with the pandemic actually started in September 2019, when the Federal Reserve was forced to bail out the repurchasing agreement sector of the economy after overnight lending rates spiked well above the target rate. We are living througgh a time where supply chain shortages are expanding, as seen with the Suez Canal crisis of March 2021 where a blockage of the canal by a shipping vessel that ran aground caused a major increase in the prices of goods and services for Europeans and Americans in general. The European sovereign debt crisis that happened following the 2008 financial crisis tells us that the European Union is not immune to the internalization of the values of capitalism. In order to address the crisis, many countries began imposing austerity measures, including Greece, Portugal, Spain, and a few others. The distance between the rich and the middle class in the union began to increase considerable (at a smaller rate than the Americas) after the Brexit vote of 2016.

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