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Friday, December 2, 2022

80% of all US dollars in existence were printed in the last 22 months (from $4 trillion in January 2020 to $20 trillion in October 2021) | Tech Startups

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Last January 2020, the US Federal Reserve had around $4 trillion dollars, which is around 40% of US dollars in existence were printed in the last 12 months. Past forward to this day, things have changed drastically as the Fed has accelerated money printing, bringing it to nearly 80% of all US dollars in existence. What began as a precautionary financial measure to protect the economy from the COVID-19 pandemic in 2020 has resulted in further depreciation of the US currency.

The Federal Reserve has been buying $80 billion in Treasuries and $40 billion in mortgage-backed securities each month since March 15, 2020, bringing the Fed’s balance sheet to $8.66 trillion as of December 7, 2021. Meanwhile, the Fed’s rampant money production is starting to wreak havoc on the economy and people’s buying power. In November 2021, for instance, the yearly growth rate in the United States reached 6.8%, the highest level since 1982.

Source: https://techstartups.com/2021/12/18/80-us-dollars-existence-printed-january-2020-october-2021/

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