[Jeff Chandler]

Every country pegs it's currency more or less to the US Dollar for reasons of global trade. Therefore, American inflationary spending inevitably leads to global inflation.

So when the U.S. prints more fiat currency to buy votes with, worldwide inflation soars.

[RedMonqey]

Each of these countries are also spending fiat currency because of the COVID epidemic.

Then comes the bill through inflation. A tax on the poor and middle class.