Allen_Newberry on Nostr: The $26 million the 1% obtained since 2020 came, in large part, from "money printing" ...
The $26 million the 1% obtained since 2020 came, in large part, from "money printing" by the Fed. Those closest to the spigot are enriched while the value of the rest of the money is debased.
Published at
2023-02-24 01:04:38Event JSON
{
"id": "7553d2034cb6a65c95d2f8dbaec4e7e40049b7143261ddddd4d766e254ea497e",
"pubkey": "5cd86e140375ae99b8805ebf0a4405638c261e46190338760f9dfa8b464dfeed",
"created_at": 1677200678,
"kind": 1,
"tags": [
[
"e",
"ab66e0241204e91687cb27695ef1ab84dfc7fbd3e5644a5138f349247df7474c"
],
[
"e",
"1818ca6bc25374b944b9af521e760f3cfb9420d26ea020858784fd7e7d480e15"
],
[
"e",
"eafd79c65d7fd7654cb084e3c7e804e345147a4ce75c173e5d032abbb9431f50"
],
[
"p",
"c48b5cced5ada74db078df6b00fa53fc1139d73bf0ed16de325d52220211dbd5"
],
[
"p",
"4c005e282e38a61033a58d4df1f543a0223a4bb26ff672573b513bb431051e07"
],
[
"p",
"5cd86e140375ae99b8805ebf0a4405638c261e46190338760f9dfa8b464dfeed"
],
[
"p",
"4308ff20ced73871b69ed8bcada2a051bc3a05610d1183c54d67b47cd0f7035e"
]
],
"content": "The $26 million the 1% obtained since 2020 came, in large part, from \"money printing\" by the Fed. Those closest to the spigot are enriched while the value of the rest of the money is debased.",
"sig": "33a6e108a2928f9ff37396ebf11d7e529b67d62ac3ceef2bcd12c1beb182bdf9f6f5b7891a2e8b590c766139997f53bea27e1c8f38c579570cb5d68bfacd8c06"
}