Platinum Contributing Member Jimmy Snacks Posted March 30, 2022 Platinum Contributing Member Share Posted March 30, 2022 So I just heard that 1 in 3 dollars currently in circulation have been printed since Covid started…does that sound possible or correct?🤷🏻 I know the stimulus has been massive but goddamn.😳 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Rigid1 Posted March 30, 2022 Platinum Contributing Member Share Posted March 30, 2022 That's crazy Quote Link to comment Share on other sites More sharing options...
Jerry 976 Posted March 30, 2022 Share Posted March 30, 2022 You have to make money to spend money................. 1 Quote Link to comment Share on other sites More sharing options...
Voodoo Posted March 30, 2022 Share Posted March 30, 2022 (edited) 38 minutes ago, Jimmy Snacks said: So I just heard that 1 in 3 dollars currently in circulation have been printed since Covid started…does that sound possible or correct?🤷🏻 I know the stimulus has been massive but goddamn.😳 I think someone is pulling your leg. Very little monies would have actually been "printed". How much money was handed out due to covid freebies is significant from a budget standpoint, but far less so from a wealth standpoint. I suppose if one took the actual printed dollars and dollars in savings accounts etc, in circulation and compared it to how much covid spending went on that is well within reason. I googled it. It's accurate from the above point of view. Edited March 30, 2022 by Voodoo 1 Quote Link to comment Share on other sites More sharing options...
SkisNH Posted March 30, 2022 Share Posted March 30, 2022 Who says wedont have a spending problem....the economy was already over heating from the first round of covid craziness, then then decide to add 2.1 trillion on top of it.....thank God they scuddled the New green deal that would of been devastating. Hopefully people will look at this proposed budget and just say NO. Quote Link to comment Share on other sites More sharing options...
Anler Posted March 30, 2022 Share Posted March 30, 2022 The Fed has something like $9 trillion on its balance sheet. The US new Budget is $5.6 trillion for 2023. Thats up like $800 billion so what do you think all this inflation could be from? Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Jimmy Snacks Posted March 30, 2022 Author Platinum Contributing Member Share Posted March 30, 2022 34 minutes ago, Voodoo said: I think someone is pulling your leg. Very little monies would have actually been "printed". How much money was handed out due to covid freebies is significant from a budget standpoint, but far less so from a wealth standpoint. I suppose if one took the actual printed dollars and dollars in savings accounts etc, in circulation and compared it to how much covid spending went on that is well within reason. I googled it. It's accurate from the above point of view. I heard it on the radio at work and did a double take which is why I asked if this is even possible.🤷🏻 Quote Link to comment Share on other sites More sharing options...
Catalina Posted March 30, 2022 Share Posted March 30, 2022 I wonder if this is all twisted around some false assumptions. Just checked, the average lifespan of a $1 bill is 6.6 years. For a $5, it is 5.7 I think. When banks get bills that are tattered or worn, they are processed (by the Fed??) and destroyed, and replaced with new. Based on that in the 2+ years since Covid started, about 1/3 of the bills would have been taken out of circulation and replaced anyway. They may not be saying that there are 1/3 more bills (by value) in circulation than there was before Covid. 2 Quote Link to comment Share on other sites More sharing options...
HSR Posted March 30, 2022 Share Posted March 30, 2022 Loonies FTW!!!!!1111!!!!!11!!! Quote Link to comment Share on other sites More sharing options...
SkisNH Posted March 30, 2022 Share Posted March 30, 2022 1 hour ago, Jimmy Snacks said: I heard it on the radio at work and did a double take which is why I asked if this is even possible.🤷🏻 100% true....this is the M1 money supply graph. 1 Quote Link to comment Share on other sites More sharing options...
spin_dry Posted March 30, 2022 Share Posted March 30, 2022 21 minutes ago, Catalina said: I wonder if this is all twisted around some false assumptions. Just checked, the average lifespan of a $1 bill is 6.6 years. For a $5, it is 5.7 I think. When banks get bills that are tattered or worn, they are processed (by the Fed??) and destroyed, and replaced with new. Based on that in the 2+ years since Covid started, about 1/3 of the bills would have been taken out of circulation and replaced anyway. They may not be saying that there are 1/3 more bills (by value) in circulation than there was before Covid. Better materials should be used in paper money. That would keep the treasury from printing so much excess money-that could get inflation under control. Kevlar fibers in money is my suggestion. Quote Link to comment Share on other sites More sharing options...
teamgreen02 Posted March 30, 2022 Share Posted March 30, 2022 1 hour ago, SkisNH said: 100% true....this is the M1 money supply graph. I wonder why inflation is running at 10% right now? At the same time, there has been a major shift from demand for services to demand for goods. I'm staying out of the real estate debacle, continuing to invest in Puppy index equities, driving old cars, and keeping a strong cash position. People are getting caught up in the madness of new vehicle and home prices. I'm sitting this one out. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted March 30, 2022 Platinum Contributing Member Share Posted March 30, 2022 1 hour ago, spin_dry said: Better materials should be used in paper money. That would keep the treasury from printing so much excess money-that could get inflation under control. Kevlar fibers in money is my suggestion. Well the paper used to be made with some scraps of Levi s jeans. Ever since you cheap Chinese loving cocksuckers started demanding $17 jeans the things are not made from cotton anymore Quote Link to comment Share on other sites More sharing options...
XCR1250 Posted March 30, 2022 Share Posted March 30, 2022 4 hours ago, Jimmy Snacks said: So I just heard that 1 in 3 dollars currently in circulation have been printed since Covid started…does that sound possible or correct?🤷🏻 I know the stimulus has been massive but goddamn.😳 Check your wallet. Quote Link to comment Share on other sites More sharing options...
nascarmike Posted March 30, 2022 Share Posted March 30, 2022 The FED is out of control. The first step to the FedCoin is to break the country. Quote Link to comment Share on other sites More sharing options...
f7ben Posted March 30, 2022 Share Posted March 30, 2022 5 hours ago, Jimmy Snacks said: I heard it on the radio at work and did a double take which is why I asked if this is even possible.🤷🏻 It’s true and I’ve mentioned it. The fed crossed every red line making sure rich people didn’t lose any wealth. Now we are all paying for that Quote Link to comment Share on other sites More sharing options...
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