That graph was borrowed from the Statista website.
I happen to live just 65 miles from a very historic place. The Mt. Washington Hotel. About eighty years ago the Bretton Woods Conference was held inside this magnificent building. At that time, the top financial leaders of the world kicked the British Pound to the curb. It had been the World Reserve Currency for many decades.
I know a thing or two about getting kicked to the curb so I know how the Brits felt. Why did it happen? What was going on
between 1939 and 1944? What was Britain doing to stay alive?
They were printing British pounds faster than water spews from a 2.5-inch fire hose at 100 pounds per-square-inch pressure. They had to use the money to pay for all they needed for the war effort to prevent Octoberfest from being held in Trafalgar Square each year.
Out-of-control creation of money like this DEVALUES the currency. It makes it almost WORTHLESS. History is littered with countries that have
done this. In the worst cases your money loses half its value in just a day. Don't believe me? Go read up on fiat currencies, excessive national debt, and inflation.
This devaluation is happening here in the USA right now. It's out of control. The lamestream media that's just a propaganda tool is treating you like a mushroom with regards to this. They're keeping you in the dark and feeding you manure.
The media you watch or read may be reporting on the
growing debt, but they're telling you half-truths if even that much. Remember, a half-truth is a WHOLE LIE. They did the same the past three years about the Shamdemic.
What they're NOT telling you is what happens when things go off the rails.
You're going to see the US National Debt top $40 Trillion within a few years. Then it will go above $50
Trillion.
With interest rates now much higher than they were just a year ago, the annual cost to pay the interest on the US Bonds/Treasuries will SOON SURPASS all the revenue the US Government receives in taxes from us each year!
This means the US Government has to PRINT out of thin air ALL OF THE MONEY to pay for all the things in the budget and/or raise taxes and/or steal your private assets. This unlawful taking of property is
trying to happen even as I type this in a NYC courtroom. So don't think you're immune from the government stealing your property or cash assets by any means!
Heck, President Roosevelt did this on April 5, 1933. "Through Executive Order 6102, FDR “nationalized” gold, meaning all American supplies in private hands had to be handed over to the US Treasury at a lower price ($20.67) than the current market ($29.62). FDR wanted to
devalue the dollar, so he was against any “peg” to gold."
The printing of US dollars is unsustainable. A day of reckoning is just around the corner and the suffering is going to be profound.
Your cash or cash in accounts will be DEVALUED. You need to transfer your wealth to things that are NOT CASH.
But what do I know? I used to eat lunch sitting on empty overturned drywall mud buckets for 20+ years...
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