Inflation hits USA | Bitcointalksearch.org

bustabitsboy

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Quote from: Abiky on May 02, 2022, 09:10:28 AM

Quote from: BITCOIN4X on April 25, 2022, 08:41:52 PM

No matter how small the hope that is in bitcoin to prevent and reduce the effects of inflation then I agree it is still better than fiat. So far, fiat has lost its price because all basic needs have gone up while income/ salary has not increased. Obviously that will only make us poorer in the long term, but sooner or later this percentage of inflation will probably be reduced and corrected.

In my opinion, inflation does not only happen in the US, because it has happened in many countries. Hyperinflation, that's probably not going to happen anytime soon.

I hope hyperinflation doesn't hit the US, or the world's economy will be doomed for good. After all, the US Dollar is the world's reserve currency. Anything that happens with it, will directly affect other countries' economies. It's a good thing we have Bitcoin, or else we would've been toast. I'd say Bitcoin is ten times better than Fiat, but people still haven't recognized its true benefits yet.

With inflation hitting the USA, Bitcoin should've been worth at least $75k by now. Something is not right here. I assume inflation rates will continue to grow due to the uncertain times we're living into. As long as COVID-19 and the Russia-Ukraine conflict persists, there won't be signs of a recovery anytime soon. Who knows how long the US Dollar will last? Just my opinion

I believe that it is necessary to keep your money in other currencies. Today I wouldn't trust the dollar. I think that it will not be long before we see completely different topics here. Of course, they will touch the dollar but in a negative way. Inflation will rise and nothing will stop it in the near future. I wouldn't take the risk and keep my savings in dollars.

Abiky

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Quote from: BITCOIN4X on April 25, 2022, 08:41:52 PM

No matter how small the hope that is in bitcoin to prevent and reduce the effects of inflation then I agree it is still better than fiat. So far, fiat has lost its price because all basic needs have gone up while income/ salary has not increased. Obviously that will only make us poorer in the long term, but sooner or later this percentage of inflation will probably be reduced and corrected.

In my opinion, inflation does not only happen in the US, because it has happened in many countries. Hyperinflation, that's probably not going to happen anytime soon.

I hope hyperinflation doesn't hit the US, or the world's economy will be doomed for good. After all, the US Dollar is the world's reserve currency. Anything that happens with it, will directly affect other countries' economies. It's a good thing we have Bitcoin, or else we would've been toast. I'd say Bitcoin is ten times better than Fiat, but people still haven't recognized its true benefits yet.

With inflation hitting the USA, Bitcoin should've been worth at least $75k by now. Something is not right here. I assume inflation rates will continue to grow due to the uncertain times we're living into. As long as COVID-19 and the Russia-Ukraine conflict persists, there won't be signs of a recovery anytime soon. Who knows how long the US Dollar will last? Just my opinion

Paul Pogba

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Inflation is a common thing in the economy, the role of the central bank is very important to control inflation, sometimes inflation is also useful because it increases or makes production better, but for us of course this is a big problem because it will make the cost of living automatically increase.

andriarto

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Quote from: Zanab247 on April 28, 2022, 03:00:25 PM

Quote

The USA is a large and influential country in the world that often experiences economic problems, especially inflation, of course we still remember 2009 which caused a long recession in the US economy, and what the government did to deal with inflation was a good thing, namely by lowering bank interest rates.

I think USA has what it takes to end inflation in their country because they have professional economist that helped them to recover from inflation during the pandemic. I believe the government will still apply the same thing to end this inflation that is causing hardship all over the country which is not helping their citizens to feed well in the country. USA government will not allow this inflation to last longer before they will do everything possible to eliminate inflation and embrace deflation in the land for people to live well in the country.

At that time, a reduction in bank interest rates could improve the inflation rate in America and the economy gradually recovered. But if you look at it from the past until now, America always seems to be able to escape from the economic difficulties they face. The key is maybe we don't know for sure. apart from they have reliable economists, America has an influence on the world economy, as if they feel like a leader

bustabitsboy

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Quote from: LittleBitFunny on May 01, 2022, 10:04:37 AM

Quote from: Abiky on April 25, 2022, 08:17:35 PM

Quote from: wheelz1200 on April 19, 2022, 08:23:27 AM

I'm skeptical with the inflation numbers. With my naked eye prices for the everyday things I buy have gone up significantly higher. Will be interesting to see what the fed does next month when they meet. Expecting a 50 point raise in the interest rates to help combat inflation. Gonna kill mortgage rates, and stymy housing price rises. Feeling very 2007-08. Not that we have scammy lending practices but house prices can be upside down and foreclosure surging could happen just like it did. Watching all this closely to see how it pans out. Either way looks like we are gonna see some hard years ahead.

Inflation in the US is growing at alarming rates. We can blame the politicians for letting this happen. If only salaries went up, things would've been different. But rising prices without any increase in your pay, will only make you poorer in the long term. There's only one solution to this and that is Bitcoin.
I'd suggest anyone to invest some money into Bitcoin over time in order to reduce the negative effects of inflation. Bitcoin should've been worth a lot more in terms of Fiat (USD), but for some reason it isn't. Good things only comes to those who wait so I'm in no hurry of seeing higher prices on Bitcoin anytime soon. Just my opinion

What else can I say about inflation, it is becoming our daily companion. Recently such a bad situation, in the future there will be more hard times. In that case, investment is a good idea to keep yourself safe.

@Abiky, You have given a good solution. The problem is that not everyone can take the risk of investment. New method since Bitcoin. Yet most people are later in the era of gold and silver investment and feel comfortable in it.

Again, in many countries, it is not allowed to use Bitcoin. How will they invest with Bitcoin?

One more thing is that Gold can depreciate at any time if there is inflation, but Bitcoin is safe here.
But on the other hand, the price of gold and silver is always the same, profit is very low and time-dependent, whereas Bitcoin offers higher ROI in a short time. So in my opinion it is important to invest but in that case, you need to take the risk to know exactly which method you want to invest in.

Bitcoin is backed by nothing. I don't think he can save us in a time of high inflation. I still think the best investment is gold. No one has come up with an even more valuable material for saving money. To save money from inflation, you only need to convert part of it into bitcoins. Not the biggest part of your money. It must be money that we are not afraid to lose.

LittleBitFunny

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Quote from: Abiky on April 25, 2022, 08:17:35 PM

Quote from: wheelz1200 on April 19, 2022, 08:23:27 AM

I'm skeptical with the inflation numbers. With my naked eye prices for the everyday things I buy have gone up significantly higher. Will be interesting to see what the fed does next month when they meet. Expecting a 50 point raise in the interest rates to help combat inflation. Gonna kill mortgage rates, and stymy housing price rises. Feeling very 2007-08. Not that we have scammy lending practices but house prices can be upside down and foreclosure surging could happen just like it did. Watching all this closely to see how it pans out. Either way looks like we are gonna see some hard years ahead.

Inflation in the US is growing at alarming rates. We can blame the politicians for letting this happen. If only salaries went up, things would've been different. But rising prices without any increase in your pay, will only make you poorer in the long term. There's only one solution to this and that is Bitcoin.
I'd suggest anyone to invest some money into Bitcoin over time in order to reduce the negative effects of inflation. Bitcoin should've been worth a lot more in terms of Fiat (USD), but for some reason it isn't. Good things only comes to those who wait so I'm in no hurry of seeing higher prices on Bitcoin anytime soon. Just my opinion

What else can I say about inflation, it is becoming our daily companion. Recently such a bad situation, in the future there will be more hard times. In that case, investment is a good idea to keep yourself safe.

@Abiky, You have given a good solution. The problem is that not everyone can take the risk of investment. New method since Bitcoin. Yet most people are later in the era of gold and silver investment and feel comfortable in it.

Again, in many countries, it is not allowed to use Bitcoin. How will they invest with Bitcoin?

One more thing is that Gold can depreciate at any time if there is inflation, but Bitcoin is safe here.
But on the other hand, the price of gold and silver is always the same, profit is very low and time-dependent, whereas Bitcoin offers higher ROI in a short time. So in my opinion it is important to invest but in that case, you need to take the risk to know exactly which method you want to invest in.

Zanab247

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Quote

The USA is a large and influential country in the world that often experiences economic problems, especially inflation, of course we still remember 2009 which caused a long recession in the US economy, and what the government did to deal with inflation was a good thing, namely by lowering bank interest rates.

I think USA has what it takes to end inflation in their country because they have professional economist that helped them to recover from inflation during the pandemic. I believe the government will still apply the same thing to end this inflation that is causing hardship all over the country which is not helping their citizens to feed well in the country. USA government will not allow this inflation to last longer before they will do everything possible to eliminate inflation and embrace deflation in the land for people to live well in the country.

Lubang Bawah

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The trend of inflation in the USA continues to increase, the dollar is experiencing pressure with a lot of world currencies, especially Euro and Yuan, it is time for the government to make regulations that make it easy for citizens to use crypto which is proven to overcome economic problems, especially inflation.

DanWalker

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Quote from: Abiky on April 25, 2022, 08:17:35 PM

Quote from: wheelz1200 on April 19, 2022, 08:23:27 AM

I'm skeptical with the inflation numbers. With my naked eye prices for the everyday things I buy have gone up significantly higher. Will be interesting to see what the fed does next month when they meet. Expecting a 50 point raise in the interest rates to help combat inflation. Gonna kill mortgage rates, and stymy housing price rises. Feeling very 2007-08. Not that we have scammy lending practices but house prices can be upside down and foreclosure surging could happen just like it did. Watching all this closely to see how it pans out. Either way looks like we are gonna see some hard years ahead.

Inflation in the US is growing at alarming rates. We can blame the politicians for letting this happen. If only salaries went up, things would've been different. But rising prices without any increase in your pay, will only make you poorer in the long term. There's only one solution to this and that is Bitcoin.

I'd suggest anyone to invest some money into Bitcoin over time in order to reduce the negative effects of inflation. Bitcoin should've been worth a lot more in terms of Fiat (USD), but for some reason it isn't. Good things only comes to those who wait so I'm in no hurry of seeing higher prices on Bitcoin anytime soon. Just my opinion

Inflation is increasing not only in the US but it is happening all over the world and the solution that everyone is applying is to work overtime to generate more income to deal with inflation. They forgot to note that investing in bitcoin will be the solution to help them avoid future inflation because bitcoin price will always increase over time.
Bitcoin is not the only anti-inflation solution, but it can be seen that currently bitcoin is the most profitable investment so it will be the best place for us to avoid inflation.

BITCOIN4X

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Quote from: Abiky on April 25, 2022, 08:17:35 PM

Inflation in the US is growing at alarming rates. We can blame the politicians for letting this happen. If only salaries went up, things would've been different. But rising prices without any increase in your pay, will only make you poorer in the long term. There's only one solution to this and that is Bitcoin.

I'd suggest anyone to invest some money into Bitcoin over time in order to reduce the negative effects of inflation. Bitcoin should've been worth a lot more in terms of Fiat (USD), but for some reason it isn't. Good things only comes to those who wait so I'm in no hurry of seeing higher prices on Bitcoin anytime soon. Just my opinion

No matter how small the hope that is in bitcoin to prevent and reduce the effects of inflation then I agree it is still better than fiat. So far, fiat has lost its price because all basic needs have gone up while income/ salary has not increased. Obviously that will only make us poorer in the long term, but sooner or later this percentage of inflation will probably be reduced and corrected.

In my opinion, inflation does not only happen in the US, because it has happened in many countries. Hyperinflation, that's probably not going to happen anytime soon.

Abiky

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Quote from: wheelz1200 on April 19, 2022, 08:23:27 AM

I'm skeptical with the inflation numbers. With my naked eye prices for the everyday things I buy have gone up significantly higher. Will be interesting to see what the fed does next month when they meet. Expecting a 50 point raise in the interest rates to help combat inflation. Gonna kill mortgage rates, and stymy housing price rises. Feeling very 2007-08. Not that we have scammy lending practices but house prices can be upside down and foreclosure surging could happen just like it did. Watching all this closely to see how it pans out. Either way looks like we are gonna see some hard years ahead.

Inflation in the US is growing at alarming rates. We can blame the politicians for letting this happen. If only salaries went up, things would've been different. But rising prices without any increase in your pay, will only make you poorer in the long term. There's only one solution to this and that is Bitcoin.

I'd suggest anyone to invest some money into Bitcoin over time in order to reduce the negative effects of inflation. Bitcoin should've been worth a lot more in terms of Fiat (USD), but for some reason it isn't. Good things only comes to those who wait so I'm in no hurry of seeing higher prices on Bitcoin anytime soon. Just my opinion

CaptainCrapper

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Quote from: mindrust on March 10, 2022, 11:59:07 PM

US inflation soared 7.9% in past year, a fresh 40-year high

Quote

Propelled by surging costs for gas, food and housing, consumer inflation jumped 7.9% over the past year, the sharpest spike since 1982 and likely only a harbinger of even higher prices to come.

The increase reported Thursday by the Labor Department reflected the 12 months ending in February and didn’t include the oil and gas price surges that followed Russia’s invasion of Ukraine on Feb. 24. Since then, average gas prices nationally have jumped about 62 cents a gallon to $4.32, according to AAA.

Looks like the inflation will be even higher than this when the next quarter's numbers arrive. Probably double digits. I've also read that the FED might not now raise the rates because of the conflict in Ukraine with Russia. I guess hyperinflation is near.

edit: fixed a big typo. "...FED might not now raise..." Sorry about that. Grin

The whole world leading the USA so they can take any time any decision for that reason they can do everything at any time so we can see their democracy and we can see their development in every sector.

Semar Mesem

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The USA is a large and influential country in the world that often experiences economic problems, especially inflation, of course we still remember 2009 which caused a long recession in the US economy, and what the government did to deal with inflation was a good thing, namely by lowering bank interest rates.

philipma1957

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My wife was like fuck bitcoin and crypto coins. Broke my balls in 2012,2013,2014,2015,2016.
But in 2017 she started to come around.
Now in 2022 she and I both agreed thank god I did this and pushed at it for years.

We would have become classic seniors over the next five years.
The ones that did not plan for inflation and saw their pensions and savings shrink til lower middle class status.

With the farms setup we have a good income stream and good power costs for years to come.

Its not fuck you I am a millionaire money , but it should be equal to our pensions for years to come.

wheelz1200

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Quote from: philipma1957 on April 19, 2022, 08:50:08 AM

Quote from: wheelz1200 on April 19, 2022, 08:23:27 AM

I'm skeptical with the inflation numbers. Iran with my naked eye prices for the everyday things I buy have gone up significantly higher. Will be interesting to see what the rlfed does next month when they meet. Expecting a 50 point raise in the interest rates to help combat interest. Gonna kill mortgage rates, and stymy housing price rises. Feeling very 2007-08. Not that we have scammy lending practices but house prices can be upside down and foreclosure surging could happen just like it did. Watching all this closely to see how it pans out. Either way looks like we are gonna see some hard years ahead.

well food you have to eat. so i estimate food is up 33%.

I am diabetic so I have to skip a lot of cheap foods.

Strawberries work for me. A small basket used to be 1.99 to 2.99

Now 3.99 to 5.99

Heavy cream a pint 1.99

Now 4.99

So a safe desert went from 3.98 to 8.98

Meat I eat grass fed beef. Orders shipped to me are about 220

now 280.

Frozen veg on sale 5 for a dollar each
Now 3 for 4 dollars.

Eggs 1.79-1.99 a dozen
Now 2.99-3.69 a dozen.

I do not eat bread due to diabetes but it has gone up over 25%.

Cereal you have to find sales and it is a bad food for me as a diabetic.

Pork on sale a big loin could be 99 cents a pound now 2.49 a pound.

My food bill is 50% higher.
My gasoline price went from 1.99 to 4.09 a gallon
My electric cost in winter was 13 cents now 14.5 cents.
Summer price will come next month we will see what that is.

I lucked out on cars but the lease will end in 26 months. we will see what I get hit on that.

Clothes have been fairly okay.

Homes my house is over 500k
was under 375 k march of 2020.

My neighbor paid 365k in 2016 Just sold for over 565k in 2022

Phil yep pretty much what I was talking about. I haven't dug into how inflation numbers are developed but like any number it can be cherry picked depending on the needed narrative. If they quote a percentage over 10 they might see that as a psychological panic number so they might to keep it in the single digits by design. The food from stores as you stated has gone up significantly. The worst is the dollar store around me just changed every price to $1.25 😭. And 5 below is now 5 below...and $10. Now minimum wage has gone up significantly for some jobs but not everyone. Food is where I've been hit the hardest. Like you I haven't seen much of a change in clothes but it's getting near impossible to take my family out to dinner. 😞

philipma1957

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Quote from: wheelz1200 on April 19, 2022, 08:23:27 AM

I'm skeptical with the inflation numbers. Iran with my naked eye prices for the everyday things I buy have gone up significantly higher. Will be interesting to see what the rlfed does next month when they meet. Expecting a 50 point raise in the interest rates to help combat interest. Gonna kill mortgage rates, and stymy housing price rises. Feeling very 2007-08. Not that we have scammy lending practices but house prices can be upside down and foreclosure surging could happen just like it did. Watching all this closely to see how it pans out. Either way looks like we are gonna see some hard years ahead.

well food you have to eat. so i estimate food is up 33%.

I am diabetic so I have to skip a lot of cheap foods.

Strawberries work for me. A small basket used to be 1.99 to 2.99

Now 3.99 to 5.99

Heavy cream a pint 1.99

Now 4.99

So a safe desert went from 3.98 to 8.98

Meat I eat grass fed beef. Orders shipped to me are about 220

now 280.

Frozen veg on sale 5 for a dollar each
Now 3 for 4 dollars.

Eggs 1.79-1.99 a dozen
Now 2.99-3.69 a dozen.

I do not eat bread due to diabetes but it has gone up over 25%.

Cereal you have to find sales and it is a bad food for me as a diabetic.

Pork on sale a big loin could be 99 cents a pound now 2.49 a pound.

My food bill is 50% higher.
My gasoline price went from 1.99 to 4.09 a gallon
My electric cost in winter was 13 cents now 14.5 cents.
Summer price will come next month we will see what that is.

I lucked out on cars but the lease will end in 26 months. we will see what I get hit on that.

Clothes have been fairly okay.

Homes my house is over 500k
was under 375 k march of 2020.

My neighbor paid 365k in 2016 Just sold for over 565k in 2022

wheelz1200

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I'm skeptical with the inflation numbers. With my naked eye prices for the everyday things I buy have gone up significantly higher. Will be interesting to see what the fed does next month when they meet. Expecting a 50 point raise in the interest rates to help combat inflation. Gonna kill mortgage rates, and stymy housing price rises. Feeling very 2007-08. Not that we have scammy lending practices but house prices can be upside down and foreclosure surging could happen just like it did. Watching all this closely to see how it pans out. Either way looks like we are gonna see some hard years ahead.

Abiky

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Quote from: be.open on April 12, 2022, 02:30:42 PM

I think you are right. The US is still a great country and has enough internal resources and external influence not to fly into the abyss. But it is necessary to bring a fatter sacrifice to the altar of the dollar, and apparently old Europe has been chosen as the victim. I think there will be a surge of hyperinflation* in the US and the EU, and the waves from such a big surge will pass around the world and many weak small economies will be torn to shreds. The hangover from 10+ years of continuous quantitative easing will be brutal. These are big tectonic changes in the world economic landscape and they are not sometime in the future, but right now.

*Hyperinflation - inflation above 50%, it is better to ask Zimbabwe about the upper limit.

If the American economy continues to decline, then I'm afraid "hyperinflation" on the US Dollar will happen faster than you could've ever imagined. This will greatly affect the global economy, since the USD is the world's reserve currency. The pandemic combined with the Russia-Ukraine crisis will inevitable lead the US (and possibly the world) towards a recession. We must accumulate as much Bitcoin and Gold as possible in order to protect ourselves from the negative effects of inflation. These are bad times we're living in, as food and gas prices rise like there's no tomorrow.

The faster we can end the pandemic (and the Russia-Ukraine conflict), the better. Who knows how the US economy will look like by the end of the year? Just my thoughts Grin

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Quote from: Freeesta on April 12, 2022, 02:11:55 PM

Quote from: mindrust on March 10, 2022, 11:59:07 PM

US inflation soared 7.9% in past year, a fresh 40-year high

Quote

Propelled by surging costs for gas, food and housing, consumer inflation jumped 7.9% over the past year, the sharpest spike since 1982 and likely only a harbinger of even higher prices to come.

The increase reported Thursday by the Labor Department reflected the 12 months ending in February and didn’t include the oil and gas price surges that followed Russia’s invasion of Ukraine on Feb. 24. Since then, average gas prices nationally have jumped about 62 cents a gallon to $4.32, according to AAA.

Looks like the inflation will be even higher than this when the next quarter's numbers arrive. Probably double digits. I've also read that the FED might not now raise the rates because of the conflict in Ukraine with Russia. I guess hyperinflation is near.

edit: fixed a big typo. "...FED might not now raise..." Sorry about that. Grin

We see the beginning of a difficult time for the USA. If today's commodity crisis continues, it will threaten not only economic shocks, but also social unrest of the people and political instability. Unfortunately it doesn't bode well. But I think that now the European countries will be even worse. Who will really feel bad is them Sad

rights, European countries will be worse off considering their oil and gas supply has stopped, so that without fuel they will be disrupted in managing production, so this hampers the wheels of the economy which causes economic decline in that country, and coupled with rising inflation which can increase people's suffering. Until now, there is no consensus that the war will end, so western countries must look for alternative oil and gas supplies

777Jolami

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In the United States inflation and food prices skyrocketed. Although the Fed's recent decision to raise interest rates will help ease price pressures, Russia-Ukraine tensions and an outbreak of bird flu have boosted prices of many commodities in the US. High inflation remains the main risk to the US economy, prompting the Fed to tighten monetary policy.

Topic: Inflation hits USA (Read 639 times)