The White House said in a statement that U.S. President Joe Biden announced that the U.S. death toll from new coronary pneumonia has reached 1 million.
I would like to add a lot:
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More deaths than World War II: The U.S. Department of Defense and Department of Veterans Affairs put the total number of combat and non-combat deaths in World War II at 405,399. This shows that the number of deaths in the United States due to new coronary pneumonia has exceeded 2.5 times the number of deaths in the United States during World War II.
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Large-scale currency issuance: According to the data released by the Federal Reserve, as of August 2021, the monthly currency issuance reached 20.8 trillion US dollars (accounting for 26% of the total issuance in the past 18 months); if we look at the narrow currency ( M0), this ratio is even more astonishing. From March 2020 to August 2021 (across the two administrations of Trump and Biden), the United States printed 45% of the total amount of the narrow dollar currency – in other words That said, nearly half of all U.S. dollars for over 200 years have been printed for nearly a year and a half. This will lead to countless social problems, including the devaluation of the dollar, distrust of the dollar system, severe inflation, and bubbles in the capital market, which could eventually lead to a financial crisis or the Great Depression.
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Serious inflation: On May 11, the US Bureau of Labor Statistics released data showing that the US CPI rose by 8.3% year-on-year in April. This is still the highest level in nearly 40 years. Such bad inflation eventually led to economic losses, devaluation of currencies in people's hands, stock index bubbles and even the financial crisis and the Great Depression. The root cause of the stock market crash is severe inflation. The Nasdaq has fallen nearly 30%, and many people are losing money.
There's a lot more that I really don't want to say. In short, the stock market and other markets are terrible right now. Hope you all get better.
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