Wednesday, July 20, 2022

After printing $5.9 trillion, and creating 38% of the entire money supply, the U.S. is now a net food importer

Everyone's talking about what is going on right now, blaming Russia for the coming food crisis.  You, as specialists, would know that the crisis emerged from the times of the anti-pandemic measures, where some well-developed economies abused their monopoly power in terms of currency monopolies. They turned on the printing machine in the U.S. and printed $5.9 trillion, that's 38% of the entire money supply.  They printed it over two years, which is roughly the sum of what was printed in the previous 40 years.  The same rate.  In the EuroZone, they printed $2.5 trillion euro and released this money into the economy and gave it out to people, which isn't bad per se.  We utilized a similar tactic.  But we were very careful, it was sparingly done as it didn't lead to such a wave of inflation.  

Over there, the anti-pandemic measures were funded from budget deficits which led to them buying up food supplies from global markets.  Whereas in the previous years, the U.S. was a net exporter of food.  They are now a net importer of food.  They bought $17 billion more in food than they sold. 

What does that say?  They have exacerbated for developing poor countries and closed their own problems off.  This is the result of a monopoly on reserve currencies--dollars and euros. 

This started at the end of 2019, and the beginning of 2020. Then the anti-Russian situation made the situation worse.  They made a bunch of mistakes in the energy sector and gas prices went up. And access to gas is the foundation of many fertilizers.  As fertilizers became more expensive, we've seen enterprises shut down, particularly in Europe, and food prices skyrocket further.  

 

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