Inflation hits USA

[Pomogator]

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.

[mindrust]

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.

[LUCKMCFLY]

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.

[FanEagle]

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.

[wxa7115]

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.

[Freeesta]

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...

[Abiky]

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

[marine4u]

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

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.

[mindrust]

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...

[Abiky]

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?

[xSkylarx]

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.

[19Nov16]

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

[wxa7115]

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.

[bearexin]

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.

[DapanasFruit]

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.

[bittraffic]

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.

[Tahsin Kabir Kollol]

Inflation is rampant not only in America but in almost every country in the world. Coronavirus epidemics have damaged the economies and businesses of almost every country in the world. On the other hand, due to the war crisis in the supply of various commodities, inflation is on the rise. Coronavirus, Various types of natural disasters and wars Instability in many countries of the world, and inadequacy of basic elements have increased the cost of living.

[wxa7115]

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.

The US has a huge strategical advantage due to the dollar being the currency of choice to conduct international trade, as you say they can export their inflation to other countries, however even with this advantage the inflation at the US is hitting record level.

So we may come to a point in which other countries begin to demand payment in something other than US dollars, and even if just a small percentage of transactions that were done in the past with dollars now are done with some other fiat currency then that would be enough to increase the inflation at the US even further.

[mindrust]

Tomorrow Putin will start accepting only RUB for their oil and as far as I am aware, the EU said they won't be paying in RUB.

That means either EU or RU will have to back from their word. Either way it will be a very interesting day tomorrow.

This is going to make the inflation worse everywhere for everybody. Will the US oil be enough for EU? and for how long? 

[Abiky]

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.

Inflation was something inevitable, due to the negative impact of COVID-19 on the mainstream economy. Governments will be forced to "print" more money in order to try to keep their economies afloat. The US has seen an astronomical increase in prices for goods and services, due to the negative effects of COVID-19 and the Russia-Ukraine crisis. Since the US Dollar is the reserve currency of the world, inflation will not only affect the US but other countries as well. This should be good news for "hodlers" of Bitcoin since inflation tends to make scarce assets/commodities more valuable than before. But it will be bad news for people who only rely on Fiat for daily necessities.

Until the pandemic comes to an end, I don't think inflation in the US will stop anytime soon. Just my thoughts