pinggoki
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January 14, 2022, 10:06:10 AM |
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Now, more people are going to look for ways to combat inflation that's outside the fiat system, in my opinion, this is probably high time that we would see more people in the US buy bitcoin in hopes that it might hedge themselves from the inflation that only steadily grows by year. I have one question though, will a deflation help US? Because 7% is pretty high for an annual inflation which should be around 2% or less.
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Leviathan.007
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January 14, 2022, 10:35:10 AM |
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They said it's 7 percent and we all know the real inflation is much more than that and we can easily understand it when we see the people's purchasing power and compare it the last years during the last years as far I know people had less problem with buying the essential goods and stuff such as food and cloth this situation is worse in the US however inflation is increasing in all over the world, by the way in 2021 and US was facing many economic problems this inflation rate was not unexpected at all for many people.
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bitmover (OP)
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January 14, 2022, 12:12:11 PM |
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The effect of global warming is hitting hard on the economy of most countries and the US inflation rate is far less compared to those countries in the third world.
This is not true anymore. There are many third world countries which had smaller inflation rates in 2021. Take a look here: https://tradingeconomics.com/country-list/inflation-rate?continent=worldFor example, look at those countries inflation rate: South Africa 5.5 India 5.59 Colombia 5.62 Guatemala 3.07 China 1.5 Thailand 2.17 Peru 6.43 Chile 7.2 7% is a pretty high inflation rate, even for a developing country.
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stompix
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Blackjack.fun
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January 14, 2022, 04:11:28 PM |
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The effect of global warming is hitting hard on the economy of most countries and the US inflation rate is far less compared to those countries in the third world.
bitmover showed you that is not true all the time, and inflation is not just a measure of how well the country goes or how much money its printing. Is Turkey's economy worse than Chad's? Is Japan not printing money? In both cases it's a no, Japan is printing money but poeple don't spend it, there is no extra demand for goods so there is no inflation s there aren't price increases, Turkey is having problems with debt, low foreign reserves, and a virus that hit its main exports, Chad has little to care about it since is a subsistence economy where the demand for foreign things was low in the first place, just $965M for a year. There are cases and cases, and also there is one more thing, counties don't get hit at the same time, and some that might get out of this unscratched will suffer after. This is not 2009, which was a financial crisis, this is right now is a production crisis. 7% is a pretty high inflation rate, even for a developing country.
Some of the consequences of arriving at the point of instructing poeple to cut t-shirts to make masks as you produce everything outside.
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ven7net
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January 14, 2022, 06:00:53 PM |
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It is surprising that people start talking about inflation as the collapse of the dollar when it is already happening, and not earlier, when many warned about it. But okay, this is not so important anymore, because the situation is much worse, which means that industrial inflation in the United States is already more than 25%, which leads to collapse. As for BTC as a replacement for the dollar, unfortunately there is no 100% guarantee that it can help you and others save your wealth, because there have already been cases when the price of BTC went down sharply and many lost a lot of money. Hence the conclusion that this may happen again. What to do in this situation? I would recommend to study more information not from crypto analysts but from industrial analysts who may have a number of solutions in this situation. But if I had a question about maintaining my wealth, then I would probably distribute my funds into various assets, for example, some cryptocurrencies, gold, real estate, and possibly shares of some industrial companies.
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kryptqnick
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January 14, 2022, 08:31:10 PM |
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The inflation rate is well above the goal of 5% per year, but there are still things that make people choose the USD. One of them is pride that they have such an old currency that, while loses value, is still perceived as an oasis of stability. Then there's also trust in the US government, and the trust of other countries in the USD as a stable reference point from which they measure how their own currencies are doing. And while Bitcoin can be a savior in the long-term prospect, it's not doing well nowadays, so people are reasonably more afraid of it than of a manageable decline of fiat. Maybe times will change, but for now, I don't think this news of unseen inflation is going to change many minds about the fiat vs crypto preferences.
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uneng
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January 14, 2022, 09:28:33 PM |
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What to do in this situation? I would recommend to study more information not from crypto analysts but from industrial analysts who may have a number of solutions in this situation. But if I had a question about maintaining my wealth, then I would probably distribute my funds into various assets, for example, some cryptocurrencies, gold, real estate, and possibly shares of some industrial companies.
To distribute wealth between bitcoin and productive physical pieces of lands containing sources of water would be a good alternative thinking on long run and on the worse scenarios. Meanwhile, it would be interesting to invest in turning the property into a sustainable one, able to provide you energy, food and water without depending on third party services. Real estate is always very interesting, but I also think about the possibility the economical crisis becomes so deep that people won't have money to pay for the rent of the properties, so it means loss for the owner, as the taxes keep coming in, even though no one lives there. I'm really concerned about it, because the currently economical scenario looks unprecedented in the history of the world. So far governments have been just sowing the soil with their (bad) actions, manipulating the economy at its maximum, but once the reap starts, it will be catastrophic and inevitable, so everyone will suffer the consequences of what was done during so many decades of negligence and irresponsibility regards traditional fiat system.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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fillippone
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January 14, 2022, 10:39:22 PM |
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Inflation is an awful tax, hitting poorer people the most. I will try to go against the wind this time, and I will play being the contrarian, and I will try to figure out why next year inflation will be lower than today's - Pandemic will have a lesser impact on supply chains
- ” Base effect": Inflation measures the price variation over a fixed period of time. So if we move along in time, we will use higher prices as a starting point, then reducing the increase of inflation.
- FED announced a series of hikes, beginning in March '22 and a more "hawkish" stance against inflation.
- A series of "measures" has been announced to "modify" the inflation measurement. Be sure that not a single adjustment in history made inflation grow
- Mid Term election: be sure that Joe Biden won't be happy to get to the mid-term election with inflation higher than 3%.
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Haunebu
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January 14, 2022, 11:09:25 PM |
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I feel like some of these companies are exaggerating the repurcessions of rising inflation rates in the USA to be honest. USA isn't a small country that would need to depend on BTC thanks to rising inflation.
They probably have multiple plans in place in order to overcome these issues just like they have done so many times in the past.
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timerland
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January 14, 2022, 11:51:48 PM |
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I feel like some of these companies are exaggerating the repurcessions of rising inflation rates in the USA to be honest. USA isn't a small country that would need to depend on BTC thanks to rising inflation.
They probably have multiple plans in place in order to overcome these issues just like they have done so many times in the past.
This is exactly why inflation is so dangerous. Not a lot of people actually think that it's going to be serious, including the Federal Reserve, meaning that they actually don't take action against what is happening (which should be raising interest rates). You should hold BTC as a hedge REGARDLESS of whether or not you think the country which issues the currency is "too big to fail". There is simply no such thing in the fiat space - no exceptions, all fiat have gone to zero.
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Sithara007
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January 15, 2022, 03:55:12 AM |
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Mid Term election: be sure that Joe Biden won't be happy to get to the mid-term election with inflation higher than 3%.
LOL.. net disapproval ratings in the -15% to -20% range and most of the polls are showing a fair advantage for Republicans in the 2022 Generic Congressional Vote (even if the GOP and Dems receive the same amount of vote, it is going to be a Red landslide because of concentration of Dem vote in the inner city areas). With or without inflation, it is going to be a wipeout for Biden/Kamala during the Senate/House elections later this year. And as far as the senate is concerned, the GOP is going to regain some of the swing states such as Pennsylvania and New Hampshire, and probably Arizona and Nevada as well.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
AVATAR & PERSONAL TEXT Leading Crypto Sports Betting & Casino Platform Feel free to drop your doubts bellow Report to moderator ♠ ♥ ♣ ♦ ▬▬▬ ▬ Stake.com / Play Smarter ▬ ▬▬▬ ♠ ♥ ♣ ♦ ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ L E A D I N G C R Y P T O C A S I N O & S P O R T S B E T T I N G Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here. Strongkored Legendary * Online Online Activity: 2072 Merit: 1061 View Profile Personal Message (Online) Trust: +0 / =0 / -0 Ignore Re: [OPEN]Stake.com NEW SIGNATURE CAMPAIGN l NEW PAYRATES l HERO & LEG ONLY May 31, 2022, 08:28:59 AM Reply with quote +Merit #2 Bitcointalk Username: strongkored Profile Link: https://bitcointalk.org/index.php?action=profile;u=640554Post Count: 5040 Forum Rank: Legendary Are you able to wear our Signature, Avatar & Personal Text? will wear upon receipt Stake
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adaseb
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January 15, 2022, 05:56:17 AM |
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I think one reason why its so high is due to the used car market which is one measure how the CPI is calculated. I've been in the market for a newer vehicle and let me tell you its crazy out there. Basically if you are looking at any vehicle over 2-3 years old, you are going to be paying the same or more than that vehicle was priced when it was new. And it doesn't end there. There is hardly any supply. You can't be picky about color or mileage or options.
Its pretty bad for people who end up getting their vehicle stolen, crashed or broken down. They got no choice. And since they are overpriced by 25%, you need to pretty much have a down payment for that 25% if you want to finance. Since banks know the car will depreciate very fast when supply ramps up. Hence this is one reason why we are seeing a 7% inflation value.
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fillippone
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January 15, 2022, 06:30:35 AM Last edit: May 15, 2023, 10:18:47 PM by fillippone |
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- Pandemic will have a lesser impact on supply chains
<...> [/list] Lol! Apparently ZH disagrees with me: Shangai China Containerized Freight Index measure the cost between Various routes Between China and the resto fo the world (a China local version of the Baltic Dry Index). The higher the index, the higher the cost for shipping the same teu's (Container's unit measure). So apparently, sullpy chain as disrupted as they were.
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Fortify
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January 15, 2022, 09:24:56 AM |
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US inflation jumped 7% in December as prices rise at rates unseen in decades
The price of goods and services in the US continue to rise at rates unseen in decades, jumping 7% in December compared to the same month last year – the seventh consecutive month in which inflation has topped 5%.
The news represents a blow to the Biden administration and the Federal Reserve, which until recently have characterized soaring prices as a “transitory” phenomenon brought about by supply chain issues triggered by the pandemic.
On Wednesday, the labor department said the consumer price index (CPI) – which measures what consumers pay for a wide range of goods – rose 0.5% last month compared with November and 7% compared with December 2020.
https://www.theguardian.com/business/2022/jan/12/us-inflation-rate-december-2021United States is losing control over inflation. 7% is something similar to Brazil inflation, which was 10% last year. That is terrible. I saw this chart today, showing how much purchasing power USD lost since 1912: source: https://www.instagram.com/p/CYohEjmLE6q/ (Made by a Brazilian economist) 100 USD would have the same purchasing power as 3,53 USD did in 1912. Central banks money printing strategy, public spending all those strategies are costing a lot to us, individuals. Our savings are shrinking due to high inflation all over the world. I believe bitcoin was designed for this situation. Lets see how will it react. It looks like most of the purchasing power was lost up to the 1980's, at which point the decline almost becomes flat - that means the dollar has held it's value relatively well since that time and it would be a whole different graph if you focused on recent history. The fact that inflation was near all time lows before an unforeseen crisis of a global scale hit is actually a positive thing for the US dollar and any similarly effected currency. It means it is stable. Just look at Bitcoin over the last couple years, at times it has gone up 100% in the space of months and also dropped 40% since the all time highs. It doesn't have traditional inflation, but it is so volatile that the average user struggles to understand the value of it at times, that seems much more dangerous.
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Haunebu
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January 15, 2022, 09:55:54 AM |
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LOL.. net disapproval ratings in the -15% to -20% range and most of the polls are showing a fair advantage for Republicans in the 2022 Generic Congressional Vote (even if the GOP and Dems receive the same amount of vote, it is going to be a Red landslide because of concentration of Dem vote in the inner city areas). With or without inflation, it is going to be a wipeout for Biden/Kamala during the Senate/House elections later this year. And as far as the senate is concerned, the GOP is going to regain some of the swing states such as Pennsylvania and New Hampshire, and probably Arizona and Nevada as well.
Nonsense. Biden's net approval ratings are bad, but they aren't that bad. They are closer to -9.1 points currently. He is performing badly, but still better than Trump whose approval ratings sunk into the 30s. Also, polls aren't always reliable. Best example is the Hillary vs Trump polls. The democrats and the republicans are locked in a neck and neck battle as usual.
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Sithara007
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January 15, 2022, 10:18:47 AM |
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Nonsense. Biden's net approval ratings are bad, but they aren't that bad. They are closer to -9.1 points currently. He is performing badly, but still better than Trump whose approval ratings sunk into the 30s.
Also, polls aren't always reliable. Best example is the Hillary vs Trump polls. The democrats and the republicans are locked in a neck and neck battle as usual.
When was the last time a Democrat president had his approval ratings in early 30s? Democrats are supposed to have a 3-4 percentage edge over Republicans in nationwide polling, because there are deep-blue states like California, New York and New Jersey which are among the most populous states. On the other hand, deep-red states like Alabama and Oklahoma are sparsely populated. Even if the GOP and the Dems receive the same number of votes, GOP is going to win by a big margin. So these polls should be alarming for the leftwing.
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el kaka22
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January 15, 2022, 10:55:11 AM |
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They said it's 7 percent and we all know the real inflation is much more than that and we can easily understand it when we see the people's purchasing power and compare it the last years during the last years as far I know people had less problem with buying the essential goods and stuff such as food and cloth this situation is worse in the US however inflation is increasing in all over the world, by the way in 2021 and US was facing many economic problems this inflation rate was not unexpected at all for many people.
That is ALWAYS like that, it is not just about high ones, even the low ones were always fake and it was higher, still lower than today of course but higher than what they said. Governments can't accept the fact that they screwed up financially, and ruined the whole nation, so they always pressure these statistic places to show something that is lower than what it is, in order to calm the people down and say it is not that bad. I believe it is at least 10%+, how higher than 10 is beyond me to understand. In my nation inflation is beyond control, I can't live with double the money I used to make, thank god I earn in dollars otherwise I would be screwed right now.
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RealMalatesta
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January 15, 2022, 06:49:40 PM |
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It looks like most of the purchasing power was lost up to the 1980's, at which point the decline almost becomes flat - that means the dollar has held it's value relatively well since that time and it would be a whole different graph if you focused on recent history. The fact that inflation was near all time lows before an unforeseen crisis of a global scale hit is actually a positive thing for the US dollar and any similarly effected currency. It means it is stable. Just look at Bitcoin over the last couple years, at times it has gone up 100% in the space of months and also dropped 40% since the all time highs. It doesn't have traditional inflation, but it is so volatile that the average user struggles to understand the value of it at times, that seems much more dangerous.
Something going and down is not called inflation. That is investment and things go up and down in value when you invest them. Just because apple stock goes up and down, doesn't make it "inflation" because it makes no sense right, or gold going up and down doesn't mean it is "inflation", you do not use that word for that purposes. You use it for understanding the price of things going up and USA has sucked for a while. Just because it has been flat doesn't mean that it was actually flat, look at school prices in the 80's and look at it today, look at hospital visits and look at it today. You will see that most stuff went up, most stuff that people needed but not daily stuff. You do not go to hospital every day, or you just go to college once or none (rarely few times), so they do not considered in the inflation but obvious. Just because milk prices stayed relatively same, doesn't mean inflation was fine.
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Silberman
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January 17, 2022, 05:16:25 PM |
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Now, more people are going to look for ways to combat inflation that's outside the fiat system, in my opinion, this is probably high time that we would see more people in the US buy bitcoin in hopes that it might hedge themselves from the inflation that only steadily grows by year. I have one question though, will a deflation help US? Because 7% is pretty high for an annual inflation which should be around 2% or less.
The truth is that they cannot longer hide how high is the inflation which is why they are admitting that it is at 7%, however any person that stopped for a moment and did the math on some of the articles they are buying will quickly realize that inflation is way higher than that, however I still think that even if people know that bitcoin could be a hedge against inflation many will decide to not invest in it, as if there is something that many people hate is the volatility of his market.
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_act_
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January 18, 2022, 07:44:34 AM |
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Inflation is just the beginning. Not sure if bitcoin is going to be the solution or not, but I'm hoping there is a solution, period.
Bitcoiners can be bear than bull this year, nobody know if this year will be bullish but bitcoin price prediction in a short time guess can be inaccurate and if there are more bears this year, the price of bitcoin may fall to or below $30000. We have seen how bitcoin price can be disappointing sometimes, this makes short term guess not to be accurate even if correct. It is good to have long term prediction which will be profitable because bitcoin price will still surpass $69000. Now, more people are going to look for ways to combat inflation that's outside the fiat system, in my opinion, this is probably high time that we would see more people in the US buy bitcoin in hopes that it might hedge themselves from the inflation that only steadily grows by year. I have one question though, will a deflation help US? Because 7% is pretty high for an annual inflation which should be around 2% or less.
Bitcoin will help not for people that hold bitcoin for short time but people that keep their bitcoin for long will make profit from it. Some people will buy other ones like Gold too. Deflation has disadvantages too, countries prefer to go for inflation because of some reasons, they do not like to go for deflation. But if a country will want to go for deflation, this should because they are producing more products in the country than they import or need from another country. Some countries can later have increase work force and production but they still have inflation because government can not do without inflation, only that the inflation will be lessen.
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