Inflation hits USA

[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

[1714062279]

1714062279

[1714062279]

1714062279

[1714062279]

1714062279

[Sir Legend]

Inflation will continue to happen because the central bank and government will continue to issue new money, the absence of a clear measure will allow the government to be able and free to print new money, when the amount is very large, inflation will inevitably occur, the central bank should not only focus on issuing new money but must reduce the stock when inflation occurs so that it can be controlled and does not happen again.

[Sebas.tian]

Inflation will continue to happen because the central bank and government will continue to issue new money, the absence of a clear measure will allow the government to be able and free to print new money, when the amount is very large, inflation will inevitably occur, the central bank should not only focus on issuing new money but must reduce the stock when inflation occurs so that it can be controlled and does not happen again.

Yes, inflation will continue to happen to alert the government is due to print more money  to reduce the inflation from the country. Many countries just recovered from the inflation covid-19 virus has caused in their land and also reduced their economy to zero level, but with the help of the government and Centra bank  that made the money available to reduced the inflation from the land. I believe the government has learned their lesson from the past inflation that shake many economy and their citizens, never to allow such long inflation to happen again to their citizens.

[henmark]

I do not understand why people think that this is an extra situation. I mean yes I do agree that this year was the highest inflation recorded in the past 20 or so years in many nations. However, we had it before, we had higher than this inflation in the world before and also we had lower but still stable inflation for many years that comes down to this situation as well.

This means that we have been living with inflation since we were born, why the shock now? Just because it was higher than normal? I mean if it was lower, like let's say 3%, then we would all be fine? No, we would be losing money by 3% instead of 7% or 10%. It wasn't fine then, it is not now. Focus on crypto because at the very least we will be doing better here.

[verita1]

In the United States it has lived so long without inflation, 40 years as the source reports seems like a long time. The difficult situation that the nation experienced facing the pandemic caused many economic losses and resources, now the war in Ukraine due to sanctions against the country of Russia caused the price of oil, gasoline, gas and derivatives to skyrocket.
Fortunately, the conflict could come to an end so that the economy recovers.
The United States is a powerful nation that can very well overcome these inflation rates, there are also important sectors that support bitcoin, filling us with expectations in knowing the progress they are making.

[wxa7115]

I do not understand why people think that this is an extra situation. I mean yes I do agree that this year was the highest inflation recorded in the past 20 or so years in many nations. However, we had it before, we had higher than this inflation in the world before and also we had lower but still stable inflation for many years that comes down to this situation as well.

This means that we have been living with inflation since we were born, why the shock now? Just because it was higher than normal? I mean if it was lower, like let's say 3%, then we would all be fine? No, we would be losing money by 3% instead of 7% or 10%. It wasn't fine then, it is not now. Focus on crypto because at the very least we will be doing better here.

An increase in the money supply, also known as inflation, is something we have experimented forever since the current system was implemented, however the system is supposed to work optimally with a 2% inflation.

Any inflation higher than that indicates there is something going on, an inflation of 10% is impossible to hide from the public and this can create huge resistance among the population as the inflation is not even and it affects some sectors more than others, like food, and right now we are already seeing some social issues and protests due to this at several countries around the world, and if the inflation continues then more countries will suffer from unrest as people take the streets to show the politicians how discontent they are about this.

[mindrust]

An increase in the money supply, also known as inflation, is something we have experimented forever since the current system was implemented

That's the definition of inflation indeed.

however the system is supposed to work optimally with a 2% inflation.

This is where the system designers were wrong. It wasn't supposed to work, not forever. It worked for a while though. The reason it worked because countries like Japan and China bought the US debt. The US monetized its debt just like how bitfinex issued tokens for their stolen USD reserves. It is the same thing. They thought they could fool everybody forever but suddenly nobody wants to buy any US debt. See the bond market. It is crashing.

[Wong Gendheng]

Inflation is a serious problem for the country because it will make the economy chaotic and of course make many people not want to try directly because they are waiting for the economic situation to get better, and the most important thing is to find the cause of inflation, and most of the time it happens because of decreased production so that it makes demand continues to rise and prices also go up.

[Tony116]

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.

Inflation was predicted after the covid pandemic and the world economy needed time to recover, but the war made inflation worse.
Yes, only when the war is over can the current problem be solved. It's not just Russia and Europe that are having terrible days, it's happening around the world, prices are climbing while people's incomes are still growing insignificantly.

[Pejoh Asu]

Most of the economic problems for any country is inflation, in my country inflation can be higher than economic growth, but most ministers and government always cover it, many people find it difficult to buy necessities of life because the cost of living continues to increase, what happened to USA is a very bad thing. also happens in all countries.

[LUCKMCFLY]

I do not understand why people think that this is an extra situation. I mean yes I do agree that this year was the highest inflation recorded in the past 20 or so years in many nations. However, we had it before, we had higher than this inflation in the world before and also we had lower but still stable inflation for many years that comes down to this situation as well.

This means that we have been living with inflation since we were born, why the shock now? Just because it was higher than normal? I mean if it was lower, like let's say 3%, then we would all be fine? No, we would be losing money by 3% instead of 7% or 10%. It wasn't fine then, it is not now. Focus on crypto because at the very least we will be doing better here.

What happens is that the financial and world culture that has been implanted in many is that the USA is a country that maintains a hegemony of being "untouchable" at an economic level, and it is clear what you are saying, but it is of total alarm that in a country like the USA tolerate inflation that reaches at least 1%, because a country so complete in every way cannot afford this type of problem, so much so that it is evident that a country that lives off its own debt accelerates the debt in other countries, and since there is a hegemony of the dollar, it is obvious that it can be made up without realizing it, but it seems that they can no longer make up much, for me the inflation rates that they show are not correct, for me they are higher those who show.

[wxa7115]

however the system is supposed to work optimally with a 2% inflation.

This is where the system designers were wrong. It wasn't supposed to work, not forever. It worked for a while though. The reason it worked because countries like Japan and China bought the US debt. The US monetized its debt just like how bitfinex issued tokens for their stolen USD reserves. It is the same thing. They thought they could fool everybody forever but suddenly nobody wants to buy any US debt. See the bond market. It is crashing.

And I agree, any fiat system will eventually fail given enough time, politicians always think they have mastered the ability of printing all the money they want with no repercussions, and they may get away with it for a while but not forever.

And it seems we are getting close to the day in which we will have to pay the price for their excesses, fortunately not everyone has to sink with the Titanic that is the fiat system and we can use something like bitcoin to protect ourselves from the collapse.

[mindrust]

It is not slowing down.

US inflation climbed to 8.5% in March, highest rate since 1981

Prices in the US climbed at their highest rates since 1981, rising 8.5% over the year to the end of March as the war in Ukraine drove up energy costs for Americans, the labor department announced on Tuesday.

The latest Consumer Price Index (CPI) – which measures the prices of a basket of goods and services – comes after the index rose by 7.9% in the year through February, the fastest pace of annual inflation in 40 years.

Haven't that fucking retarded dovish bitch Powell said that inflation was "transitory"? Transitory like transitioning from high to higher? Is this what he understands from this word?

The FED has 2 choices in hand:

1- Kill the markets, save the dollar
2- Kill the dollar, save the markets

They can't save both the dollar and the markets.

[Gyfts]

It is not slowing down.

US inflation climbed to 8.5% in March, highest rate since 1981

Prices in the US climbed at their highest rates since 1981, rising 8.5% over the year to the end of March as the war in Ukraine drove up energy costs for Americans, the labor department announced on Tuesday.

The latest Consumer Price Index (CPI) – which measures the prices of a basket of goods and services – comes after the index rose by 7.9% in the year through February, the fastest pace of annual inflation in 40 years.

Haven't that fucking retarded dovish bitch Powell said that inflation was "transitory"? Transitory like transitioning from high to higher? Is this what he understands from this word?

The FED has 2 choices in hand:

1- Kill the markets, save the dollar
2- Kill the dollar, save the markets

They can't save both the dollar and the markets.

It's called the "Putin price hike" according to the Joe Biden White House now.

https://tradingeconomics.com/united-states/inflation-cpi

The effects of the war would have not been immediately felt, of course, but how they are able to lie about the trajectory of inflation with impunity is beyond me. Upward trajectory since Biden got elected, nearly 1.5 years of data.

USD is worthless. The U.S. apparently believed spending 6 trillion dollars to artificially stimulate the economy over a COVID infection fatality rate of .1 percent was appropriate. Of course, they will never admit they were wrong about their risk calculation, they blame Putin instead.

[Freeesta]

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

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. 

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

[be.open]

But I think that now the European countries will be even worse. Who will really feel bad is them

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.

[777Jolami]

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.

[Xampeuu]

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

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. 

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

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

[Abiky]

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

[wheelz1200]

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.