accurate. every dollar printed is done so with debt already attached. it's impossible (by design) to ever repay the principle, since every time you print you actually make more new debt than what was just paid off and as indicated in the graph above the purchasing power of the new money is dropping. another aspect of this the masses don't understand is the Cantillon Effect. basically once the money is printed its not distributed evenly so the effect of the new surplus of money aren't felt yet, so those closest to the money spigot (think of the largest banks and companies that got a "bailout") they can use the newly printed money to buy up assets at their current, un-inflated price with free money. which is why you say large institutions buying up housing during the pandemic. it's beyond fucked and it's purposeful that the average person has no fucking clue how it all works...because they're being financially raped.