Misinformation, the idea that foreign countries will not accept the US dollar is pure BS. It will never happen. The BRICS will not succeed at avoiding the US dollar system. There is no indication of that. Their economies are weak, their bond is weak and no one will store money in those countries currencies or bonds. They can do some intra trading at best. Small potato. For overall global trading they will need to pay in dollars. And by the way, money printing does no create CPI inflation. I affects asset prices, not consumer prices. Consumer prices are affected by supply and demand. Why even mentioning Peter Shif***t!
Money printing, or increasing the money supply, does not directly create Consumer Price Index (CPI) inflation
Excessive money supply can indirectly impact consumer prices by influencing overall economic conditions, including wages, production costs, and people's confidence.
Misinformation, the idea that foreign countries will not accept the US dollar is pure BS. It will never happen. The BRICS will not succeed at avoiding the US dollar system. There is no indication of that. Their economies are weak, their bond is weak and no one will store money in those countries currencies or bonds. They can do some intra trading at best. Small potato. For overall global trading they will need to pay in dollars. And by the way, money printing does no create CPI inflation. I affects asset prices, not consumer prices. Consumer prices are affected by supply and demand. Why even mentioning Peter Shif***t!
Hey Riccardo,
I think you make a valid point about CPI.
Money printing, or increasing the money supply, does not directly create Consumer Price Index (CPI) inflation
Excessive money supply can indirectly impact consumer prices by influencing overall economic conditions, including wages, production costs, and people's confidence.
Thank you for reading and your thoughtful reply.
“America has a giant money printer.
And when there’s no more runway for the dollar, the next frontier?
CBDCs.”
You should see the way the banking industry is being grifted with the spinning of FedNow. So far, very few have signed up.