Inflation hits USA - page 3. | Bitcointalksearch.org

bittraffic

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Quote from: DapanasFruit on March 28, 2022, 05:49:02 AM

Inflation is happening in many countries even including my own...and generally speaking the government could not do anything concrete to stop this from happening. In USA, people are shocked because for many years the country has had been living in a more stable economy and as some people had been saying then USA was successful in exporting inflation with the dollar as the international medium of exchange but now this is already unstoppable. Of course, we in the cryptocurrency industry knew that this is coming and this is not anymore the problem of Zimbabwe or of Venezuela.

It doesnt affect them all the tme but this time, its is so its a bit of a unfortunate events but for us living in the 3rd world got used to these already. I guess its a bit of a surprise for them and Joe Biden doesn't give a shit if gas hits $7/liter.

But the fact is that, the wolrd is affected by this inflation. We are all sanctioning our own while we are not really part of this Ukraine vs Russia war.

DapanasFruit

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Inflation is happening in many countries even including my own...and generally speaking the government could not do anything concrete to stop this from happening. In USA, people are shocked because for many years the country has had been living in a more stable economy and as some people had been saying then USA was successful in exporting inflation with the dollar as the international medium of exchange but now this is already unstoppable. Of course, we in the cryptocurrency industry knew that this is coming and this is not anymore the problem of Zimbabwe or of Venezuela.

bearexin

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This is just something that has been repeated over and over again for a long time now and it has finally taken place. Before now there have been a lot of people saying that there will be an inflation and they kept warning people. Even the cryptocurrency community were warning a lot of people to start investing in Bitcoin when it was still early enough, but a lot of people that heard them thought that it was all a lie.

Now, it has taken place and there is inflation and people have seen it. A lot of things has gotten costly and Fiat is also losing its value. For those who never invested in any assets, they are probably going to be sorry for themselves this time around.

wxa7115

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Quote from: Freeesta on March 19, 2022, 02:46:12 PM

Inflation today is due to the increase in the cost of food, gasoline and energy carrier. And there will be no reduction in inflation for several months or more until the military conflict in Ukraine ends. Raising the key rate will not be a salvation. Let's see what happens in the near future. Perhaps if something goes wrong, they can always print money and it will be a doping for the economy. This is the usual procedure...

You have it backwards, the increase in the price of almost all products that we could buy is because of inflation, and inflation itself is caused most of the time by an increase in the money supply as governments print money.

Inflation can also be caused by the increase in the cost of key commodities like oil or the increase in the cost of a services like the transportation of goods, and as you may have noticed all of those things are happening at the same time, which is why inflation is so high all over the world.

19Nov16

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I think its because of geopolitical risks, higher natural gas and oil prices,but as we see USA is keep trying to find alternative ways to change its supply chain of these key products and I think they will find it very soon,despite the fact that the world is now changing very fast because of war.

Inflation will certainly continue not only in the USA, this is because stock items are difficult to plus while the central bank is free to print money, it causes a supply of money to continue to increase significantly, of course many factors that cause inflation but the most quickly felt is oil prices skyrocketed

xSkylarx

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Quote from: Freeesta on March 19, 2022, 02:46:12 PM

Inflation today is due to the increase in the cost of food, gasoline and energy carrier. And there will be no reduction in inflation for several months or more until the military conflict in Ukraine ends. Raising the key rate will not be a salvation. Let's see what happens in the near future. Perhaps if something goes wrong, they can always print money and it will be a doping for the economy. This is the usual procedure...

It would be fine to agree to this as long as the war does not come to an end, after which it would become a major issue. Everything from food to gasoline is being sold at exorbitant prices. For a third-world country, as well as for those on a fixed income, this is a major problem because they cannot keep up with the rising cost of living. I am hoping that it will be resolved as soon as possible because, as a single parent, it is extremely difficult to budget our money when it comes to purchasing food, and it has a significant impact on those who earn the minimum wage, as well as me.

Abiky

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Quote from: mindrust on March 23, 2022, 10:33:00 AM

Almost everything outperformed gold during the last decade. Right now gold price is at what it was at 10 years ago it is not really an accomplishment of bitcoin.

However, bitcoin has also outperformed nearly everything during the last decade so...

That's certainly true, mate. Unfortunately, not many people are aware of this. The mainstream media, bankers, governments, and powerful people (like Warren Buffet) have been spreading misinformation in order to scare away as much people from Bitcoin as possible. It's no wonder why most people think Bitcoin is a scam or a Ponzi scheme that will soon fade away into oblivion. For this and many other reasons, Bitcoin hasn't been unable to rise much higher in price.

Despite the setbacks, Bitcoin is still a better investment than Gold and other scarce commodities/assets. Some experts have been calling Bitcoin "Gold's successor", and let me tell you they are not wrong. Gold may never go away but Bitcoin's ever-increasing price will surely make an impact over investor's perception about it. Who knows if rising inflation in the US makes people flock into Bitcoin in mass? Wink

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Quote from: Abiky on March 23, 2022, 08:57:21 AM

Quote from: mindrust on March 18, 2022, 07:17:37 AM

Good choice. Crypto proven itself to be the best asset against high inflation. Gold made a little rally too lately but it is getting monkey hammered constantly so I wouldn't hold too much gold. Real estate seems to be a fine choice also. People will always need some place to live. Another option is land. Especially agricultural land. Food prices are soaring and farms will be on demand.

Crypto (especially Bitcoin) has been proven to be the best way to protect yourself against inflation. Bitcoin has even outperformed Gold with substantial increases in price over the past years.

Almost everything outperformed gold during the last decade. Right now gold price is at what it was at 10 years ago it is not really an accomplishment of bitcoin.

However, bitcoin has also outperformed nearly everything during the last decade so...

marine4u

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Quote from: Abiky on March 23, 2022, 08:57:21 AM

A small investment into Bitcoin, Gold, real estate, and other assets will lead you towards a stable financial future. The higher the inflation rate, the less valuable a US Dollar will be. Who knows if ever-increasing inflation leads us towards the dethroning of the US Dollar as the world's reserve currency? Just my thoughts Grin

These are undoubtedly the best assets to hold in an era of inflation that threatens to become hyperinflationary in the near future. Bitcoin and crypto have proven to be superior to fiat+ money printers over the past 10 years, so it deserves to be a top priority. Inflation in the US had an ATH of 7.9%, the highest in 40 years, according to data released by the US Department of Labor. It is clearly at a very alarming risk.
The impact of the war in Ukraine was just one outcome it had to come.

Abiky

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Quote from: mindrust on March 18, 2022, 07:17:37 AM

Good choice. Crypto proven itself to be the best asset against high inflation. Gold made a little rally too lately but it is getting monkey hammered constantly so I wouldn't hold too much gold. Real estate seems to be a fine choice also. People will always need some place to live. Another option is land. Especially agricultural land. Food prices are soaring and farms will be on demand.

Crypto (especially Bitcoin) has been proven to be the best way to protect yourself against inflation. Bitcoin has even outperformed Gold with substantial increases in price over the past years. If you act quickly, you'll be able to protect your purchasing power no matter how much money the US government "prints" in the long run.

A small investment into Bitcoin, Gold, real estate, and other assets will lead you towards a stable financial future. The higher the inflation rate, the less valuable a US Dollar will be. Who knows if ever-increasing inflation leads us towards the dethroning of the US Dollar as the world's reserve currency? Just my thoughts Grin

Freeesta

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Inflation today is due to the increase in the cost of food, gasoline and energy carrier. And there will be no reduction in inflation for several months or more until the military conflict in Ukraine ends. Raising the key rate will not be a salvation. Let's see what happens in the near future. Perhaps if something goes wrong, they can always print money and it will be a doping for the economy. This is the usual procedure...

wxa7115

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Quote from: Pomogator on March 18, 2022, 06:54:59 AM

Inflation has been high before, but many did not notice this. Now, in connection with recent events, it is no longer possible to hide such a large inflation. The only right decision is to store savings in different places. I personally chose for myself bitcoin and a few altcoins, as well as several fiat currencies.
I think if the situation does not continue to move for the better, then inflation will rise.

Saving in fiat when the scenario we are going through is of very high inflation with the possibility of seeing hyperinflation if nothing is done about it is a bad idea.

You are losing the purchasing power of the currency if you do that, so the correct thing to do is to move to assets that benefit from this scenario or to at least spend that money in stuff that you need right now, as the more time passes the less that money buys so you might as well use it now, however if the majority of people begins to do something like this then the money velocity is increased, taking us a step closer to the hyperinflation scenario that no one wants to see.

FanEagle

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The reality of today's world is living with inflation. It is not just one nation that is having this, it is not about just the USA, or even Russia, its everywhere around the world and things are getting more expensive.

We should not be shocked to see a milk at 10 bucks, or one banana at over 5 bucks, that is going to happen and we gotta accept it. Adjust your earnings accordingly and try to ask for more salary if you can, or if you are living in a third world nation like me then it should not be a problem since dollar gets valued higher than your nations inflation and you will be fine, so earn dollars instead even though dollar has a high inflation.

LUCKMCFLY

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The USA is the strongest country in the world so whatever happens to the USA will affect the world, a complicated economic problem in the USA is inflation, this is because the dollar is held by almost all countries so that when that country uses an alternative dollar, it can have an impact on inflation in the USA.

What happens is that inflation is given or generated by the constant printing of banknotes, this removes the value, in addition, the dollar is not fully backed by gold, there is no well-established base, so its value degenerates little by little, the US government cares about is obtaining liquidity, and for more than 3 years a decline has been announced for the world economy, this includes the dollar and the Euro, China for its part has a much more prosperous economy, and what they want in many parts or in countries with high power is to end the hegemony of the dollar, let us not be surprised when the world economy bursts like a bubble and we see those crashes in the stock market.

mindrust

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Quote from: Pomogator on March 18, 2022, 06:54:59 AM

Inflation has been high before, but many did not notice this. Now, in connection with recent events, it is no longer possible to hide such a large inflation. The only right decision is to store savings in different places. I personally chose for myself bitcoin and a few altcoins, as well as several fiat currencies.
I think if the situation does not continue to move for the better, then inflation will rise.

Good choice. Crypto proven itself to be the best asset against high inflation. Gold made a little rally too lately but it is getting monkey hammered constantly so I wouldn't hold too much gold. Real estate seems to be a fine choice also. People will always need some place to live. Another option is land. Especially agricultural land. Food prices are soaring and farms will be on demand.

Pomogator

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Inflation has been high before, but many did not notice this. Now, in connection with recent events, it is no longer possible to hide such a large inflation. The only right decision is to store savings in different places. I personally chose for myself bitcoin and a few altcoins, as well as several fiat currencies.
I think if the situation does not continue to move for the better, then inflation will rise.

royalfestus

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Quote from: Poker Player on March 11, 2022, 02:05:06 AM

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

Well, if official inflation was 8% last year we can be sure that it was clearly above 10%, surely 15% or more.

But no matter how bad things are, I doubt that we will reach hyperinflation in most industrialized countries, not if maybe in Russia or other countries, but we must remember that hyperinflation is defined as an increase of the CPI of 50% per month.

According to marketwatch the inflation rate of wholesale has risen to 10, consequitivily in 2 months , the highest in the last 10 years. The cost of production of basic needs like grains etc, the reason is attached to cost of energy production, oil. ripple effect of the war in Russia is everywhere and more of them .

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The USA is the strongest country in the world so whatever happens to the USA will affect the world, a complicated economic problem in the USA is inflation, this is because the dollar is held by almost all countries so that when that country uses an alternative dollar, it can have an impact on inflation in the USA.

The USA is the world’s superpower, but I don’t really think that whatever happens to them really affects all the countries around the world.

There are also some countries that wouldn’t be affected. Sure there are those that will be affected, definitely so many, but I know for sure that there will also be those that won’t be affected by this.There are countries that are strongly building their economy by doing what they’re meant to do and I believe that would keep their economy flowing properly even at this time. So many countries has been hit by inflation as of recent which was as a result of the pandemic that took place since 2020 and the lockdown.

gantez

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The USA is the strongest country in the world so whatever happens to the USA will affect the world, a complicated economic problem in the USA is inflation, this is because the dollar is held by almost all countries so that when that country uses an alternative dollar, it can have an impact on inflation in the USA.

I think one of the major reason for inflation is excess printing of money that lead totoo much of money in circulation . This is one of the reason for the US inflation. The rate of inflation now is around 6% and 7% from barely around less than 2% 10 years ago from the time of Obama. I think that US in trying to be the watch of other countries probably have increased the founding of foreign budgets and international organization. Covid-19 also can contribute to this spending.

Abiky

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Quote from: mindrust on March 11, 2022, 04:28:13 AM

Valid points. I think people should own both. You'll never know which one will come in handy. Without the internet and electricity gold and physical FIAT become more useful. When you have access to these things but don't want to carry anything physical because you are in an unfriendly territory, then crypto becomes a better choice.

One thing is for sure, FIAT is dying. You definitely don't want to be there with your life savings.

It's always best to have a Plan A, Plan B, and Plan C. You'll never know what will happen in the future as the global economy continues to dive towards new lows. Fiat is always subject to inflation, as central banks print more money over time. It's the person's responsibility to protect himself from inflation by investing into safe-haven assets like Gold and Bitcoin.

While I don't think the US will experience hyperinflation anytime soon, the current situation should be taken with a "grain of salt". No one can predict what will happen in the future, so Americans should be prepared for the worst. Just my thoughts Grin

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