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Stormy B. Putin against USA and EU: "You printed 8.4 trillion dollars and euros without a trace and now the disaster has come"
IT WAS PRINTED IN TWO YEARS AS MUCH AS HAD BEEN PRINTED IN THE PREVIOUS FORTY!
The president of Russia, Vladimir Putin, is stormy about the banking crisis in Western countries and what the "mindless" continuous printing of money without a counterpart has caused in the USA and the EU:
"The crisis started from the times of anti-pandemic measures, where some developed economies abused their monopoly power, in terms of currency monopolies.
They opened the printing press in the USA and printed 5.9 trillion dollars! This corresponds to 38% of all money in circulation!
They printed them over two years, which is roughly the amount printed in the previous 40 years.
The same percentage in the Eurozone, they printed 2.5 trillion!
They released that money into the economy and distributed it to the world, which is not a bad thing in itself.
We used a similar tactic.
But we were very careful, it was done in moderation so it didn't lead to such a wave of inflation….”
Based on B. Putin's position, the ECB and the USA printed almost 8.4 trillion. dollars and euros, then interest rates due to inflation which inflation rose due to the war and the sanctions they imposed on Russia which resulted in the collapse of a number of banks.
The Russians insist that the Biden administration spent American taxpayers' money on Ukraine by giving over $100 billion to Kiev, but that's really just a drop in the ocean.
But the Chinese who own 2 trillion dollars in US Treasuries (otherwise quadrupled in the derivative market) suddenly started to sell off. And then the party is over…
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