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Speedmaster, above, covers it pretty well but one has to remember that, as a response to Covid, the major governments of the world, who control their currencies, printed trillions of units; dollars, pounds, euros, yen, renminbi, yuan etc. and distributed them equitably amongst their populations. That means that the wealthiest 10% got 90% of the money and the other 90% got 10% of the cash. So what are the already rich supposed to do? The answer is; buy more luxury stuff.
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