08-08-2021, 03:51 PM
22% of all USD that has ever existed was printed in 2020, that's why I got into cryp
<!-- SC_OFF --><div class="md"><p>I got into crypto this past January when I realized that the federal reserve could casually print 9 trillion dollars in a single year. No regard for how that will effect the economy, no regard to how that will effect the prices of every day things or inflation. And the worst part is that nobody in Congress seems to give a damn because they're old enough where they're not going to live to see the consequences of their actions and effects it will have on the younger generations. </p> <p>So yes I'm in it for the money, but I'm also in it to try and escape a very broken system that I believe is going to collapse within my lifetime.</p> <p>*Edit: I have been informed via the comments that it was 22% of the circulating supply of USD, not all USD ever printed. However, the point I'm trying to make with this post still stands, 9 trillion dollars printed in one year is completely insane and not sustainable.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/kjd12345678900"> /u/kjd12345678900 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/p01s3g/22_of_all_usd_that_has_ever_existed_was_printed/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/p01s3g/22_of_all_usd_that_has_ever_existed_was_printed/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>I got into crypto this past January when I realized that the federal reserve could casually print 9 trillion dollars in a single year. No regard for how that will effect the economy, no regard to how that will effect the prices of every day things or inflation. And the worst part is that nobody in Congress seems to give a damn because they're old enough where they're not going to live to see the consequences of their actions and effects it will have on the younger generations. </p> <p>So yes I'm in it for the money, but I'm also in it to try and escape a very broken system that I believe is going to collapse within my lifetime.</p> <p>*Edit: I have been informed via the comments that it was 22% of the circulating supply of USD, not all USD ever printed. However, the point I'm trying to make with this post still stands, 9 trillion dollars printed in one year is completely insane and not sustainable.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/kjd12345678900"> /u/kjd12345678900 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/p01s3g/22_of_all_usd_that_has_ever_existed_was_printed/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/p01s3g/22_of_all_usd_that_has_ever_existed_was_printed/">[comments]</a></span>Kind Regards R