If I recall correctly, North Korea’s federal mint prints off US $100 bills totaling billions every year.
That is true. It’s why the money is changed so often.
“If I recall correctly, North Korea’s federal mint prints off US $100 bills totaling billions every year.”
You are correct there. But as with our government, printing off the bills, it doesn’t create more worth, it cuts the worth of every bill they print. Every time they print a bill at any denomination that can be used in the financial world, they cut a prior bill’s worth in half. So instead of having a dollar, you have two fifty cent pieces.
It like getting counterfeit bills in mass amounts. Our government does it to bolster confidence in a clobbered economy while they are further hammering it by doing so. Printing more money doesn’t gain an economy, it splits it and harms confidence in our financial arrangements. When the dollar goes down we lose things like our S & P rating. And the foreign market recognizes this just like the local supermarket.
A high DOW doesn’t mean a good econnomy, it means we have overspent our worth.
rwood