1 trillion million US dollar notes. How can this problem be solved?

The United States started the money printing machine and printed $1 trillion in banknotes, which directly led to the devaluation of the dollar against the world's major currencies. The printing of banknotes is actually completely imaginable. The country's overall debt includes more than 100% of the people, it's easy to pay off your debt. The simplest way is to print money. Don't you want a dollar? You can supply it in an unlimited amount. But for the Chinese, this is equivalent to a robbery. Some time ago, our wage earners had to "water" the US dollars that the country had earned. However, from the perspective of economics, this is not necessarily a bad thing. Here we will analyze the consequences:

I. Americans printed banknotes to buy their own national debt, which is the same as the Kuomintang's lack of money in printing banknotes during the civil war in China. When the Kuomintang printed banknotes, prices soared, it takes tens of thousands to buy a bucket of rice, and money is the least valuable thing. However, unlike China, the United States and their currencies are still global currency, the banknotes they printed are not only spent in China, so their prices may not go up for the moment, but global assets, for example, non-ferrous metals, grain, crude oil and other commodities and land prices will rise accordingly.

2. Since Americans will print money, Europeans and Japanese will naturally not be idle, and their currency is also one of the major reserve currencies of countries. If Americans can print it, why will they not? Moreover, their economic conditions are no better than those in the United States, and markets in various countries are lacking in liquidity. The consequence is that everyone prints money and global prices rise together.

III. In this situation, releasing liquidity has become an inevitable choice for China. The reason is very simple. If the dollar, euro, and yen both depreciate and the renminbi does not depreciate, how can it be exported? How are so many peasant brothers and college students employed? Livelihood will become a big problem. China may not necessarily learn the United States and do not need to print money, But releasing liquidity is easy for China. Increase the amount of money being paid back or lower the deposit reserve ratio. The result must be an increase in domestic asset prices. To back up, even if China does not release liquidity, excessive foreign dollars will flow into China due to lack of investment opportunities. To maintain the RMB exchange rate, the Central Bank of China needs to issue a base currency hedge, this further increases mobility.

4. The world's currency system may change from now on. As the saying goes, water can carry the boat, and other countries can buy and sell the dollar. If the countries find that the dollar depreciates too fast, in addition, Americans may also need to print banknotes, so the enthusiasm of countries to sell dollar bonds will increase, and merchants will refuse to accept the dollar. What should they do to stimulate the economy? The Fed had to continue buying US Treasury bonds. Once a vicious circle is formed, the dollar could only be held by the Americans themselves. The dollar would lose credibility in the world and the world's currency system would change dramatically, the euro and the Renminbi may be a better choice. At that time, although our $2 trillion US treasury bonds have shrunk sharply, the rise of our RMB into the world's major reserve and currency in circulation may not necessarily be a bad thing, why do you know the disaster? The prospect is still unpredictable. We need to take a step and take a look.