For the Americans: (and some for us)

1. Creation of the Federal reserve.

2.Nixon took them off the gold standard in the 1970s.

3.More money has been printed in the pandemic years than the previous 200 years.

4.Fractional reserve banking. You can lend on money you don't physically have to hold.

5. Quantitative easing in 2008 after the last crash (more printing after deregulation and selling bad mortgages to people who couldn't afford them).

Bank notes were just a promise to pay. Before you could exchange the note for gold. With the removal of a gold standard the value of each $ has been eroded. As governments print more the currency supply increases, and the purchasing power decreases. You can buy less with each dollar.

Fiat currency literally is just pieces of paper and no better than monopoly money.

Inflation is theft. People no longer being able to eat has started many revolutionary fires.

To protect yourself you should by physical assets like gold, silver and food. 2024 is going to be wild.