If Printing Creates Wealth, Why Isn’t Zimbabwe The Richest Country on Earth?

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The past doesn’t exactly predict the future but it often rhymes. It’s time we take a moment to look back over the past three and a half years so we as US dollar holders can really grasp what is happening to our world…and if you live on planet earth than regardless of where you live, from Shanghai to Cairo, your central banks owns tons of US dollars in their central bank. So we are all dollar holders! From September 2007 to December 2008 the US Fed cut rates from 5.25% to zero (English speak: banks can borrow as much as they want at 0%). The result of this historic measure was that the US stock market fell 40%.

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