Since 2020, the number of US dollars has increased by 375 percent

Since 2020, the number of US dollars in the world has increased by 375 percent. Despite the tremendous increase in the value of the dollar, it remains the most dominant government currency for global transactions. Recently, that dominance was even 46 percent against the US dollar.

There has been economic damage

In 2020, of course, we had to deal with the COVID-19 pandemic, which, in addition to health problems, also caused monetary problems in the United States. For example, 80 percent of all US dollars have been put into circulation since 2020.

Only 20 percent of all US dollars in existence today existed before 2020. The money supply in the U.S. is shrinking right now, but it looks like the economic damage has already been done.

At the beginning of 2020, the M2 money supply in the United States is $4 trillion. Now it’s about $19 trillion. That increase is almost certainly a result of all the support packages sent to people during the COVID-19 crisis.

“We are paying the price for trillions of dollars printed overnight. Why is the Federal Reserve so surprised to see inflation hit a 40-year low?”, Thus COPYRIGHT LETTER.

The US dollar is popular

Although a large number of US dollars have been in circulation since 2020, the world reserve currency remains the most popular. For example, we sometimes hear theories about replacing the US dollar with a currency from the BRICS alliance, but that still cannot be taken seriously.

The dollar remains the world’s most dominant currency at a recent peak of 46 percent of all transactions globally. To wrest power from the US dollar, more and more countries are trying to trade in their own currencies.

Last week, Brazil’s president called on BRICS countries to create their own currency for trade and investment. Brazil’s president said the BRICS currency would increase payment options and eliminate vulnerabilities.

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