Study game theory - the people in control are gaming the system. The reason no one cares about the national debt is they never intend to pay it - they are milking the system for real products they can put away paying for them with fake paper. When the fake paper system collapses, they still have the real products.

 

Just like the great depression. Whether accidentally or on purpose the Fed Reserve (Private banking cabal) were directly involved in the collapse. And key players were ready to buy up vast amounts of assets for pennies on the dollar. Wealth (assets) don't disappear, they change hands. Over the last 25 years I've seen the power gen and energy companies being gobbled up by GE and Siemens. They are consolidating control of the majority of the Energy businesses.

As for the debt of the US and other countries, its part of their plan. They put in puppets to drive countries further into debt. The end game is to bankrupt the currencies and bring about a world currency. Which no doubt they will buy up the local bankrupt currencies for peanuts. Welcome to economic slavery 101.

 

Consider how the US has EXPORTED inflation for decades.
Products manufactured elsewhere(China) and USD sent to pay amount owed.
Similar with the Arabian peninsula, oil comes, USD goes.
Of course the USD is utilized by receiving entity to purchase X.
However, unless it is MIC(military industrial complex) products, unlikely to be USA made.

This keeps the printed, digitally created, or debt away from circulation in the US.
Some has started to return.
A few countries are aggressively exiting USD holdings.
For a moment the US will bribe other debt holders to contain liquidated US foreign held debt.
Surely they will wish to maintain USD purchasing power as well, they have mountains of it.
But when consensus USD value is dropping beyond acceptable margins...
A tsunami of green backs will come home and bury all.
We have only begun to see the tip of tsunami on the horizon.

 

There are two primary drivers of inflation: There's supply side inflation, which as you say is an oversupply of currency. But there's also demand side inflation - a shortage of goods that people need/want. The current inflation we now see is a combination of both of these. The pandemic caused massive disruptions in the supply chain, driving up demand for many products that simply weren't on the shelves. The pandemic prompted our idiot politicians to shutdown business and give out trillions in aid, much of it to people that didn't need it.

As supply chains get back up and running, demand side inflation should subside. But the effects from the overprinting of money will be around for a longer time. Here's an interesting graph. It's demand deposits in U.S. banks. This is the ready cash sitting in peoples' checking and savings accounts. When the Covid response money was passed out, many took the money and simply socked it away...

^^^ This money will eventually get spent on goods and services. When it does, it will tend to drive up prices as demand increases (demand side inflation).

Here's another way to look at inflation: It's not rising prices for goods and services that is the problem, it's the falling value of money (currency). When the Fed prints money (QE), it's cheapens the currency. They can create currency, but they can't create value. Creating more currency dilutes value (buying power). This, IMO, is a huge problem and will drive inflation for a long time. The Fed has begun QT, reducing their balance sheet and in effect destroying currency. But it won't last long. It can't, simply because of our massive debt, which is outpacing growth. There isn't enough capital in private hands (domestic and foreign) to fund the debt, so the lender of last resort - the Fed - will come to the rescue as always, creating all the currency necessary. This will cause persistent inflation, driving prices higher and accelerating the growth of debt. It's a positive feedback cycle that ends in hyperinflation and a likely collapse of the currency.

 

While this is an over simplification, consider an economy that has only widgets and coins. There are 200 coins and 100 widgets, this represents the entirety of everything in the economy. Each widget costs 2 coins. Enter the fed, who decides there will be 100 new coins added. Now every widget costs 3 coins, because there's more coins fighting for the same widgets. In a very real sense this is exactly whats happened since 2019.

I simply don't understand how the inflation process begins and then takes hold nationwide or globally. Seems like it has to have a beginning point and what or where is that? Would like some feedback.

More money chasing the same amount of good means higher prices. The other side is true too, the same amount of money chasing less supply also sees higher prices, this is happening but supply chain issues might be 10% of the problem and printing an unfathomable amount of money, 10 trillion dollars is a much bigger culprit. I don't think you can pinpoint a start of inflation past the fed takes actions and over time it impacts consumer sentiment which trickles to every corner of the economy.

 

Corporate profits hit record high in third quarter amid 40-year-high inflation

Corporate profits in the nonfinancial sector hit a record high of $2.08 trillion in the third quarter even as 40-year-high inflation continues to squeeze American consumers. Profits adjusted for in…

thehill.com

It's not just inflation. Profit margins are up beyond cost increases.