Reckless printing, meaning QE and infinite 0% rates were the only things left for the US after all of its industry moved to China.
Their whole economy is basically a Ponzi scheme now, until the rest of the world dumps the dollar, they could print it indefinitely.
The FED started giving free printed money even to banks, the corporate sector, municipalities, and not just the government anymore.
The only thing left is the so-called "helicopter money", when the FED gives it directly to obese lazy Americans to spend in Walmart and KFC.
If the rest of the world stopped buying dollars and offsetting their inflation, they would collapse and it is the end because they have no other type of economic activity outside of consumption, they have a joke of industrial output now.
At this point, their GDP is 80% consumption and services, meaning buying resold Chinese goods or goods with Chinese parts.
They were dumb thinking China will work for them for low money and they could enjoy it and live off doing nothing, that's over soon.
Countries around the world crave their dollars less and less, because of their stupid sanctions on Russia, losing geopolitical power, internal economic and socio-political situation, simply printing too much during Covid, etc.
Therefore inflation is the new normal, in America, and I think after they attempt to attack China because of Taiwan, they will get hyperinflation.
They can't raise interest rates to combat inflation, like any other normal country could, because their GDP is 80% consumption, and high interest rates, enough to stop this current inflation, around 10-20% would just collapse their GDP and make them enter the depression.
They can only raise interest rates partially. They can only basically go in half-half and hope that their people wouldn't notice until their presidential term is changed over to the next.
Half damage on GDP and half damage through inflation, but those would be worse and worse with every year other countries crave less and less dollars.
5% is nearly not enough to save them from inflation, and that already destroyed their banking sector, leading to more printing and more inflation.
