Good question and one I'm pretty sure the government doesn't want you to know the answer to. In my mind, the only people who are really benefitting from the money printing are the people closest to the printer. For example,
- the politicians put all their pork in the "stimulus" bills and make sure their constituents are getting a chunk.
- Industries currently in favor with the current gov't get their cut of the pie in subsidies and grants.
- This time around they're planning on giving states who have shown complete ineptitude in running their own economies a bunch of money to bail them out.
In the meantime, what no one seems to ever put together is the fact that the money sent to the citizens, while helpful, does nothing for the majority of those people overall. For the ones who really need it, it's not enough. And for the ones who don't, the money ends up going into some sort of asset. THAT is where the real inflation lies.
Assets. Commodities, real estate, stock markets, cryptos, hell have you seen what's starting to happen with NFT's?!? These assets continue to skyrocket in price making sure the haves of this world keep getting more while the have nots are using their checks to continue trying to meet day to day expenses. And where does the money they spend end up going? Into the pockets of the corporations that are providing the things they need. And where do you suppose those corporations spend that money? You guessed, making sure these same politicians get reelected. Hmmmm....
What money printing has done is take away the value of the working man/woman's time. While assets continue to inflate, wages do not. While technology continues to improve things benefitting society as a whole, the prices don't go down and the corporations make more money. I'm not saying corporations are evil. Far from it. It's the gov't that continues to feed it's own addiction to power that fosters this environment. They have no acccountability whatsoever and that is on both sides of the aisle. If you ever want to see the two sides come together and unite as one, try and add a third party to the mix. Not saying the Libertarian party doesn't count. Just saying that if they ever threatened to win an election, the other two parties would go full-on attack mode.
Anyway, we've basically reached the point of no return. These economies have indebted themselves to the point where they're never going to be able to pay all the debt back. And so, the Great Reset. Who knows what sort of clusterfuck that will be but...until they get rid of the bankers/politicians being able to print whenever they feel like it, the divide between the top and the bottom will continue to widen.
Posted Using LeoFinance Beta