Almost a Quarter of All U.S. Dollars Ever Printed Have Been Issued in a Single Year

Almost a Quarter of All U.S. Dollars Ever Printed Have Been Issued in a Single Year

With global uncertainty and financial bailouts, the United States Federal Reserve has printed almost a quarter of all U.S. dollars ever printed in the history of the country in just 2020 alone.

2020 has been quite a wild year, and it is certainly not over yet. The United States Federal Reserve, the governing body responsible for printing legal U.S. tender, has printed almost one quarter of the entire supply of U.S. dollars in history this year alone. Due to many factors, one being the stimulus checks given to American citizens, the Federal Reserve has created over $9 trillion. Many speculate that this massive increase in fiat currency printing could result in hyperinflation. This is not a controversial claim, as since the central bank was created in 1913, the U.S. dollar has a cumulative rate of inflation of over 2,500%. With the level of inflation, a product that was bought for $10 in 1913 would cost $262.50 in today’s terms. Many individuals in the precious metals and cryptocurrency space think this will lead to greater importance and value in both asset classes.

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