In just 15 days, over $1 trillion was printed excessively, with the Federal Reserve's money printing going to extreme lengths.
In March, the U.S. economy was hit hard by the COVID-19 pandemic, and the Federal Reserve made a shocking decision: to commit to printing money without limits to save the U.S. economy.
What does printing money without limits mean? It means that the Federal Reserve is underpinning financial products without any bottom line, including bad bank debts, junk bonds, and low-quality corporate stocks, buying these bad debts, junk bonds, and low-quality stocks from their holders and sending out real cash.
So, how much cash has the Federal Reserve sent out in total? By checking the balance sheet on the official website of the Federal Reserve, it was found that from March 18 (the eve of the Federal Reserve's commitment to print money without limits) to April 1, within 15 days, the scale of the Federal Reserve's balance sheet surged by $1.14 trillion, accounting for 5.4% of the GDP in 2019.
In other words, to save these Wall Street elites who "usually use high leverage to make a lot of money, and under the financial crisis of the pandemic, financial assets (bonds, stocks, banks) have become garbage," the Federal Reserve sent out the growth of the U.S. GDP for two years within 15 days.
This is not the worst of it. The U.S. Financial Times reported on April 6 that bank analysts believe that (1 trillion is just an appetizer), and the Federal Reserve's continuous money printing may push the scale of the Federal Reserve's balance sheet to $9 trillion by the end of this year.
To put it more simply, the Federal Reserve will overprint $4.5 trillion in new currency in 2020, accounting for 21% of the U.S. GDP in 2019.
My friends, due to the poor epidemic prevention in the United States and the economic depression caused by high financial leverage, the Federal Reserve is expected to overprint dollars equivalent to one-fifth of the "2019 U.S. GDP," which is shocking and extreme.
What's even more extreme is that U.S. commercial banks, having received this $4.5 trillion, can also create money and supply cash to the market that is far greater than $4.5 trillion.The Federal Reserve has overissued trillions of US dollars, which will plunder how much wealth worldwide?
Because the US dollar is the global currency, these overissued dollars naturally require countries around the world to foot the bill, with the most severely affected being the foreign exchange reserves and dollar assets of various countries, whose value will be significantly reduced:
Based on the overissuance of $1.14 trillion in 15 days: It has shrunk the foreign exchange reserves of countries by about 4.4%, resulting in losses of up to $479.7 billion, with China's foreign exchange reserves shrinking by $130.8 billion.
Based on the projected overissuance of $4.5 trillion for the entire year of 2020: It may cause a 15% reduction in the foreign exchange reserves of countries, with losses amounting to $1.68 trillion, and China's foreign exchange reserves may shrink by $457.6 billion.
The United States is blatantly plundering global wealth to compensate for its own mistakes.
The overissuance of the dollar and the transfer of crises are traditional skills of Uncle Sam.
Whenever a crisis occurs, it is either shearing the wool of 'middle-income trap' countries or printing money indefinitely, transferring the burden to countries around the world, which is Uncle Sam's usual trick.
During the 2008 financial crisis, in order to save the US banking crisis triggered by subprime loans, the Federal Reserve provided a cumulative (within several years) assistance of $29 trillion to commercial banks (the US officially admitted to $7.7 trillion, and the famous US senator Sanders claimed at least $29 trillion), helping to recover bad debts, and ultimately the US banks and financial system were fully revived, and the US economy recovered.
However, the overissuance of $29 trillion (or $7.7 trillion) in currency ultimately imposed a heavy burden on countries around the world and triggered a series of debt crises in European countries.
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