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Why you will see deluge of states opening up: States can not print money, only federal government. They must have budgets balanced, most states spent their emergency reserves LAST summer to balance FY 2021. This April-October FY 2022 starts, got message big bailouts not coming.
Without income from sales tax, commercial real estate & alcohol sales taxes, tourism, etc. there are massive deficits in state budgets- which will mean many services and critical services cut, either way there will be grave consequences. Federal govt itself in a dire straits -3T
World scale: Why print so much money for QE & to keep markets up? Because USD is the Global Reserve Currency. That is the the true source of its power, about 60% global reserves still in USD. Why it determines who is financially sanctioned, who is war criminal, who is forgiven.
There is only one other country that can even come close to challenging the status of the petrodollar & that is China, yet even China floats the yuan to the dollar. Russia is distant “competitor” not even in the world’s top 10 largest economies. US govt guarantees world reserves.
And the mirage of the world economy depends upon this petrodollar. Why Middle East kept occupied, why green fuel & tech stymied or adapted to serve the current order, why anyone who wants to create separate system overthrown and hunted down. The terminus of international politics
