|The Real Inflationary Threat - Decreasing Foreign Reserves: Why the US Should Expect 8% Inflation For The Next Three Years|
|ZeroHedge, 29/04/2011 (traduire en Français )|
There is some money which is printed, but does not make it into the money supply. Consider the scenario that the Fed prints a dollar that is then either lost or destroyed. It then cannot be used to buy goods, or be lent out and thus does not create inflation.
There is something else which can happen to pour money which has the same net effect. Foreign central banks can take cash printed from the Fed and place it on their balance sheet. US dollars on foreign banks balance sheets gives investors confidence that their own currency will not be debased.
In pour current (weakening) dollar regime, the US dollar is the main foreign reserve currency. When foreign central banks put US dollars onto their balance sheet, they take them out of circulation. They are not being used to buy goods. These dollars are not lent out. As such, they do not create inflation.
3000 milliards de $ potentiellement dégazables, essentiellement en Chine... Avec en plus la Chine qui vient d'annoncer vouloir se débarrasser de 2000 milliards de $ de réserves...
A comparer au M2 :
Le dollar va le sentir passer le vent du boulet...