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Topic: Inflation hits USA - page 4. (Read 639 times)

legendary
Activity: 1792
Merit: 1296
Crypto Casino and Sportsbook
March 14, 2022, 01:41:53 PM
#36
Yea, I had watched that news that Inflation hitting the US. And this Inflation will not just be limited to the US. Since the EU imports oil and gas from Russia, it will affect all over the world. We can't imagine anything without power, and for the power we need Fuel. So automatically price if everything's will higher if oil and gas price become high. Seems US sanctions affecting themselves. And if the sanctions and the war do not stop lately, then there will be more Inflation. Any war isn't appreciated anyway, it affects the overall economy including Bitcoin.
Inflation constantly accompanies the modern economic model and affects every country in the world, not just USA. This must be taken for granted. In times of crisis, as now, of course, inflation is even more pronounced. Perhaps we are just at the first stages of serious changes, including rising inflation. The consequences of current events may appear after some time and stretch for years. Only the deflationary model (Guess what I'm hinting at? ) of finance can resist inflation, although it will also be affected. Fortunately, to a lesser extent, compared with the traditional system.
legendary
Activity: 3808
Merit: 1723
March 13, 2022, 10:12:23 PM
#35
This inflation is basically the reason why the stock market and cryptos are correcting. When inflation is this high the fed reserve has no reason than not to increase rates. Rates will increase but the question is how much.

Last month they were predicting 50bps rate increase however after this invasion and rallying gas prices they might move it back to 25 bps and most likely they will raise it every meeting until the end of the year.

If a recession starts then who knows what they will do then. Might have to reduce rates again and the cycle will keep repeating.
hero member
Activity: 2114
Merit: 619
March 13, 2022, 02:02:35 PM
#34
Haha US is putting up sanctions on Russia not knowing how their taxpayers are going to suffer when it would come to footing the bill of all this. Moreover I even read yesterday US approved a $13 Billion budget for aid to Ukraine. This is like adding fuel to fire of budgetary deficit already going on in the U.S. I am more surprised to see how US is not ready to accept that it's economy is actually burning and when it comes to repayment of national debt they are going to suffer a lot.

I don't understand... Why are they even still collecting taxes from the tax payers when they can print money and tax everybody with inflation? Why are they pretending? Just remove all the income taxes and print whenever you need any money.

They are already doing this but it kills the purpose of paying taxes. So... Why would anybody pay any taxes now?
Haha I don't think you understand economics, the balance of payments, and balance of trades, actually you do need some real money to settle up the old debts if the government would remove taxes economy would run up into an hyperinflationary situation, inflation would run upto 50-60% and even worse it might become Zimbabwe or Venezuela like situation, Fiscal deficits look good only if they are there upto certain extent, think of it inflation is 5-6% when fiscal deficit is around 10%, with increase of every 5% in fiscal deficit inflation would grow up at almost double or triple the rate, your solution is practically impossible.
hero member
Activity: 1764
Merit: 584
March 13, 2022, 11:52:20 AM
#33
Yeah fuck man, inflation has been absolutely insane for the past year. 7.8/7.9 might be where we are at right now but there’s so many more things that have shot up much higher. It’s crazy because we are literally all losing money by keeping any of our monies in traditional bank accounts. This is going to crush so much of the world and really destroy people.

It almost sounds like a great reset which I've read about so much. Some clown somewhere said "You'll own nothing and you'll be happy." few months ago. The picture you just drew don't look like happiness to me at all. I mean crashing, crushing whatever the world can't bring happiness... It like saying "I am going to kill you and you'll be grateful for it."

They use all these as excuse to get more power, more than what they gained from all the "emergency" powers they got from the koof. More powers to regulate stuff, etc. Soon we'll all be just serfs that will be happy that they at least kept us alive.

Things are different in our country, we are still managing to survive. Our leader is a good hearted one and he really takes care of his people like his own children. It really is a big factor that the one leading your country is not a selfish bastard that is leeching people's money. Well who ever might that sucking leader will surely burn in hell. If inflation really get's our saved money worthless, then maybe it is time for us (my family) to go back to farming, I love the place where I grew up and there's no problem in me living there again. There is a bad news I have seen earlier, food products will be increasing 20% or more, I don't know if it is true but I think we should be starting to full those storage with food now.

It's only a matter of time though, these things tend to spread. First the economic hardships and then the regulations needed to control both it and the unrest it will produce. At this point I just wish I have a farmstead in the middle of nowhere and live simply but not many of us city-dwellers are lucky to have that option.
hero member
Activity: 2100
Merit: 546
Leading Crypto Sports Betting & Casino Platform
March 12, 2022, 03:45:43 PM
#32
Yeah fuck man, inflation has been absolutely insane for the past year. 7.8/7.9 might be where we are at right now but there’s so many more things that have shot up much higher. It’s crazy because we are literally all losing money by keeping any of our monies in traditional bank accounts. This is going to crush so much of the world and really destroy people.
It almost sounds like a great reset which I've read about so much. Some clown somewhere said "You'll own nothing and you'll be happy." few months ago. The picture you just drew don't look like happiness to me at all. I mean crashing, crushing whatever the world can't bring happiness... It like saying "I am going to kill you and you'll be grateful for it."
Not all are losing money because not all use banks or fiat currencies but ever since bitcoin and cryptocurrencies came out, a lot of people have already transferred to it because they figured out its benefits. Inflation isn't a new thing, people should have been wiser before and found things that can help them before the rates increase more.

New rates can be referred to as a reset but it doesn't seem to be positive if this happens in terms of inflation and about the phrase that you mentioned, are they referring to bitcoin/cryptocurrencies? because we can't see it but it makes us happy. They make fun of cryptos but it's the crypto users that are now happy.
legendary
Activity: 2338
Merit: 1124
March 12, 2022, 01:59:26 PM
#31
The aftermath of Joe Biden's economic policies and his massive $1.9 trillion emergency plan have boosted consumer and business demand, despite the pandemic. Smiley Solving the problem can only depend on measures that are beyond the control of USA policymakers, such as ending the crisis in Ukraine or finding a way to immediately increase oil supplies both of which are measures that are difficult to implement and successful. And of course, China loves that. Smiley
There was about 4 trillion dollars worth of money printing during the last 2 years or so. One came under Trump and one came from Biden. This is not "he is better he is better" thing, it is obvious that both of them did the same thing.

Biden did even less than what he promised, he promised 2k for everyone and instead gave 800 to combine with 1.2k given during Trump time for second time to make it 2k. So, that's like 1.2k missing from his point and that would have been at least another trillion added (along with other things given along with 1.2k to everyone). This is why I do not believe that either did a good job, and they both sucked big time.
full member
Activity: 1344
Merit: 110
SOL.BIOKRIPT.COM
March 12, 2022, 12:37:03 PM
#30
Yeah fuck man, inflation has been absolutely insane for the past year. 7.8/7.9 might be where we are at right now but there’s so many more things that have shot up much higher. It’s crazy because we are literally all losing money by keeping any of our monies in traditional bank accounts. This is going to crush so much of the world and really destroy people.

It almost sounds like a great reset which I've read about so much. Some clown somewhere said "You'll own nothing and you'll be happy." few months ago. The picture you just drew don't look like happiness to me at all. I mean crashing, crushing whatever the world can't bring happiness... It like saying "I am going to kill you and you'll be grateful for it."

They use all these as excuse to get more power, more than what they gained from all the "emergency" powers they got from the koof. More powers to regulate stuff, etc. Soon we'll all be just serfs that will be happy that they at least kept us alive.

Things are different in our country, we are still managing to survive. Our leader is a good hearted one and he really takes care of his people like his own children. It really is a big factor that the one leading your country is not a selfish bastard that is leeching people's money. Well who ever might that sucking leader will surely burn in hell. If inflation really get's our saved money worthless, then maybe it is time for us (my family) to go back to farming, I love the place where I grew up and there's no problem in me living there again. There is a bad news I have seen earlier, food products will be increasing 20% or more, I don't know if it is true but I think we should be starting to full those storage with food now.
hero member
Activity: 1764
Merit: 584
March 12, 2022, 11:15:30 AM
#29
Yeah fuck man, inflation has been absolutely insane for the past year. 7.8/7.9 might be where we are at right now but there’s so many more things that have shot up much higher. It’s crazy because we are literally all losing money by keeping any of our monies in traditional bank accounts. This is going to crush so much of the world and really destroy people.

It almost sounds like a great reset which I've read about so much. Some clown somewhere said "You'll own nothing and you'll be happy." few months ago. The picture you just drew don't look like happiness to me at all. I mean crashing, crushing whatever the world can't bring happiness... It like saying "I am going to kill you and you'll be grateful for it."

They use all these as excuse to get more power, more than what they gained from all the "emergency" powers they got from the koof. More powers to regulate stuff, etc. Soon we'll all be just serfs that will be happy that they at least kept us alive.
sr. member
Activity: 1988
Merit: 254
PredX - AI-Powered Prediction Market
March 12, 2022, 12:59:53 AM
#28
The aftermath of Joe Biden's economic policies and his massive $1.9 trillion emergency plan have boosted consumer and business demand, despite the pandemic. Smiley Solving the problem can only depend on measures that are beyond the control of USA policymakers, such as ending the crisis in Ukraine or finding a way to immediately increase oil supplies both of which are measures that are difficult to implement and successful. And of course, China loves that. Smiley
hero member
Activity: 3038
Merit: 617
March 12, 2022, 12:27:23 AM
#27
This inflation is definitely not because of the war. Biden basically said today that Putin is the reason for this high inflation figure. However this war just started and didn’t affect the rate too much. It will affect the rate in the coming months. If this war continues then I can see inflation going to 10% and it’s crazy for getting that high.

Fed will need to raise rates however there is also a war going on? So what is there to do. Most likely there will be a recession in the near future due to all this mess. Inflation is very high and commodities are soaring and I wouldn’t be surprised if we are in a recession sometime in the next 6 months.

We already know inflation had already spiked before the Ukraine war. The covid started inflation that every business is affected resulting in the raise prices but this war is just pushing the prices up because gas affects everything. This is not yet the worse I think. There really will be starvation not just in the US but everywhere around the world when Gas and oil and even wheat can't be imported. Europe might suffer more than the US actaully.

Not raising the rates will prevent S&P to make money. It's not just the middle class that gets poorer.
legendary
Activity: 3276
Merit: 2442
March 11, 2022, 11:24:21 PM
#26
Haha US is putting up sanctions on Russia not knowing how their taxpayers are going to suffer when it would come to footing the bill of all this. Moreover I even read yesterday US approved a $13 Billion budget for aid to Ukraine. This is like adding fuel to fire of budgetary deficit already going on in the U.S. I am more surprised to see how US is not ready to accept that it's economy is actually burning and when it comes to repayment of national debt they are going to suffer a lot.

I don't understand... Why are they even still collecting taxes from the tax payers when they can print money and tax everybody with inflation? Why are they pretending? Just remove all the income taxes and print whenever you need any money.

They are already doing this but it kills the purpose of paying taxes. So... Why would anybody pay any taxes now?
legendary
Activity: 2408
Merit: 2226
Signature space for rent
March 11, 2022, 11:01:01 PM
#25
Yea, I had watched that news that Inflation hitting the US. And this Inflation will not just be limited to the US. Since the EU imports oil and gas from Russia, it will affect all over the world. We can't imagine anything without power, and for the power we need Fuel. So automatically price if everything's will higher if oil and gas price become high. Seems US sanctions affecting themselves. And if the sanctions and the war do not stop lately, then there will be more Inflation. Any war isn't appreciated anyway, it affects the overall economy including Bitcoin.
legendary
Activity: 2576
Merit: 1860
March 11, 2022, 10:33:44 PM
#24
Inflation is now made worse by the Russian invasion of Ukraine, particularly among oil and oil products. But even before this war, inflation has already been going full speed because of the pandemic. And not only in the US but all over the world. Other countries like Brazil, Argentina, Turkey, and some more are even facing double-figure inflation rates. Even the UK which has a milder inflation rate than the US has hit a 30-year high. From here in my developing country, a liter in gasoline is almost hitting $2 already.
legendary
Activity: 3808
Merit: 1723
March 11, 2022, 10:20:25 PM
#23
This inflation is definitely not because of the war. Biden basically said today that Putin is the reason for this high inflation figure. However this war just started and didn’t affect the rate too much. It will affect the rate in the coming months. If this war continues then I can see inflation going to 10% and it’s crazy for getting that high.

Fed will need to raise rates however there is also a war going on? So what is there to do. Most likely there will be a recession in the near future due to all this mess. Inflation is very high and commodities are soaring and I wouldn’t be surprised if we are in a recession sometime in the next 6 months.
full member
Activity: 1303
Merit: 128
March 11, 2022, 06:54:13 PM
#22
The inflation in US is not a surprise because what is happening in Ukraine has to touch more countries and I believe some countries have higher inflation now than before the war. US has a more data count and collection enough to know what is happening in her economy. If the economy in US is under inflation then more countries in EU should have higher inflation rate now compared to US because there is now unplanned population in EU in countries like Poland, Belarus, Germany etc.
It started even before this war between Russia and Ukraine, that inflation is the result of printing more money during the pandemic season two years already, its just that the war made it more active and increase on its percentage.

Inflation is inevitable, and there’s a lot of things that needs to be consider here aside from supply and demand. You can also see the worlds debt and US debt, though I don’t think US will enter into a hyperinflation because if that happens, we can expect small countries to suffer a lot.
legendary
Activity: 2828
Merit: 1515
March 11, 2022, 05:34:32 PM
#21
Remember just a few months ago when the Fed was saying inflation was transitory lol. And all Bitcoiners were laughing because it was obvious inflation would keep rising.

US monetary system is in a very tough position now in which it is not economically feasible to raise interest rates much but they have to in order to get inflation under control.

The way out: own bitcoin as you watch everyone else get screwed.

It gets even funnier when the Biden administration wants to blame inflation on the war in Ukraine and not irresponsible government spending and financial policy. They've already found their scapegoat. Setting aside that the effects of the war would not have factored in for this inflation report, I wouldn't have been surprised to see it hit 9-10 percent pre-war. Any coincidence that Biden signs an executive order invoking inquiries into crypto currencies? My prediction is they will use some excuse to tax crypto into the ground in order to prevent people from abandoning the sinking ship that is USD.
hero member
Activity: 2240
Merit: 848
March 11, 2022, 05:07:25 PM
#20
Remember just a few months ago when the Fed was saying inflation was transitory lol. And all Bitcoiners were laughing because it was obvious inflation would keep rising.

US monetary system is in a very tough position now in which it is not economically feasible to raise interest rates much but they have to in order to get inflation under control.

The way out: own bitcoin as you watch everyone else get screwed.
hero member
Activity: 2660
Merit: 630
Vave.com - Crypto Casino
March 11, 2022, 01:59:25 PM
#19
The inflation in US is not a surprise because what is happening in Ukraine has to touch more countries and I believe some countries have higher inflation now than before the war. US has a more data count and collection enough to know what is happening in her economy. If the economy in US is under inflation then more countries in EU should have higher inflation rate now compared to US because there is now unplanned population in EU in countries like Poland, Belarus, Germany etc.
legendary
Activity: 3710
Merit: 1170
www.Crypto.Games: Multiple coins, multiple games
March 11, 2022, 01:36:18 PM
#18
It is only going to get worse from here unless something is done. Don't get me wrong, there is nothing wrong with one year of inflation, it will hurt you but if next year is 2% or thereabout, and then 5 years after that is still the same and there are no crisis no crashes no problems then we will be fine. However, in order to do that then something has to change.

At this point, I do not think even the wealthy people are responsible for the exploitation of poor people, even wealthy people are not really as "rich" as their counterparts 50-100 years ago. Right now, you can mock Elon musk, whereas nobody really did that to Carniege. So all in all, governments needs to figure out a way to take the nation to next stage, or these type of crashes and inflations will keep on happening all the time.
hero member
Activity: 1890
Merit: 831
March 11, 2022, 01:09:00 PM
#17
I heard someone say that the inflation was already evident but the government tried to hide it under the scarf of the Russian Sanctions, therefore am not really sure what happened and if the war is quite the reason but that's not it. The government was hiding many more things in place. I do think that this is not going to lower down as well since things are not improving and switching to greener alternatives would take days and months if not years, therefore this might be a bit of a bad time for the people in the US, but it's not just US alone other countries as well are affected by inflation, even in the UK the government is not able to control it. I do think that it's something that both COVID and the war brought.
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