Get ready for a staggering admission.
If you add up all of the money the U.S. has ever printed… over 40% of it was printed in 2020 alone.
That is not a typo.
Patrick Bet-David pointed this out and he’s right: if you add up all of the money the U.S. ever printed since its founding… over 40% of it was printed last year.
Bear in mind, we’re talking about money printing, NOT issuing credit or loans (the mechanism through which most “money” enters the system today). So, we’re talking about actual cash that goes into the economy.
As I keep emphasizing, when it comes to monetary policy and financial insanity, this time IS different. The amount of money printing policymakers used to fight the COVID-19 pandemic was unprecedented. It was BEYOND crazy.
Just how insane was all this money printing?
Investing legend Stanley Druckenmiller recently noted:
1) In three months in 2020, the U.S. increased its deficit by more than it had during the past five recessions combined (’73, ’75, ’82, early ‘90s and Great Financial Crisis).
2) Under Jerome Powell, the Fed bought more Treasuries in SIX WEEKS than it did in 10 years under Ben Bernanke and Janet Yellen.
3) Corporate borrowing, which usually drops during recessions actually INCREASED by $400 BILLION during the Covid-19 pandemic.
Again, this time IS different. And it’s going to unleash an inflationary storm that will annihilate portfolios and the real economy.
Indeed, the situation is so serious that former Treasury Secretary Larry Summers (no relation of mine) has stated that the Biden administration risks unleashing the worst inflation “in a generation.”
Bear in mind, Summers is a Democrat. So, he is not simply engaged in partisan politics here.
Again, an inflationary storm is coming. And it’s going to annihilate most investors.
Those who are properly prepared. however, will make literal fortunes.
On that note, we just published a Special Investment Report concerning FIVE secret investments you can use to make inflation pay you as it rips through the financial system in the months ahead.
The report is titled Survive the Inflationary Storm. And it explains in very simply terms how to make inflation PAY YOU.
We are making just 100 copies available to the public.
As I write this there are just 9 left.
To pick up yours, swing by:
https://phoenixcapitalmarketing.com/inflationstorm.html
Best Regards
Graham Summers
Chief Market Strategist
Phoenix Capital Research
