Bidens Overspending Is DESTROYING The Nation! #shorts | Dr. Steve Turley
Summary
Transcript
For decades, nations buying and selling oil in U.S. dollars turned around and bought up U.S. Treasury bonds. They didn’t want to lose their dollars in the exchange process when it got turned back to their own currency. So the buying up of debt allowed our government to print up pretty much as much money as they wanted because they could in effect distribute the dollars out to the rest of the world. Again, in the form either of U.S. Treasuries or in the form of cash for them to continue to buy a boil. What happens when the world doesn’t need that cash anymore? What happens when they’ve largely stopped buying our bonds? Well, without the world using dollars and buying up our debt, that diffusing mechanism largely disappears.
And we’re seeing what happens in real time. With the printing up of more and more money, without being able to spread it out to the rest of the world, inevitably, inflation rates go up. [tr:trw].
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