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LoC28C
Peter Schiff
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Comments by "LoC28C" (@LoC28C) on "Inflation will hit poor and middle class harder than the pandemic" video.
In the normal sense for any country in the world to print more money, the value of their money will drop. This does not hold true for the US Dollar. When the US print more US Dollars the value of all the other currencies in the world will drop whilst the US Dollar value will remain intact. The main reason is because the value of all currencies around the world is based on the amount of US Dollars they can get with it. All the trade in the world is based on the US Dollar that is why when the USA print more money, the rest of us around the world will find that we have to pay more for purchasing other goods and services. Then when our Government print more money, it goes in to a double jeopardy for us.
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