darewaller
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July 11, 2022, 03:14:31 PM |
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It is true that 2% will not be seen for a long time, probably not in most nations as well. I mean there could be some Swiss numbers that could shock you, but 99% of the nations will have bigger than 2% inflation rate.
But, I am not against them printing money at that time, it was a logical reason. I mean it is never a good thing, but it was a necessary evil at that time we needed and that is what we did.
Hopefully we will reach to a point where that much printed would have been done anyway so it's okay, so if we print nothing for many years, we will get there, and it will be fine. If we keep inflation to minimum, then we will be living a comfortable life "eventually", but that needs like a fiscal responsibility for half a decade easily.
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Silberman
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July 11, 2022, 05:42:39 PM |
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It is true that 2% will not be seen for a long time, probably not in most nations as well. I mean there could be some Swiss numbers that could shock you, but 99% of the nations will have bigger than 2% inflation rate.
But, I am not against them printing money at that time, it was a logical reason. I mean it is never a good thing, but it was a necessary evil at that time we needed and that is what we did.
Hopefully we will reach to a point where that much printed would have been done anyway so it's okay, so if we print nothing for many years, we will get there, and it will be fine. If we keep inflation to minimum, then we will be living a comfortable life "eventually", but that needs like a fiscal responsibility for half a decade easily.
I think the case can be made about the actions of the governments being justified in printing that much money when the pandemic stroke, the problem is how are they going to deal with inflation levels that we are witnessing? And I have severe doubts that governments are going to be as responsible as they should be under these circumstances, because we must remember that politicians are very shortsighted and they only care about the economy not collapsing under their watch so they are not blamed for the collapse and then they can get in power yet again.
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virasisog
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July 12, 2022, 05:06:00 PM |
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It is true that 2% will not be seen for a long time, probably not in most nations as well. I mean there could be some Swiss numbers that could shock you, but 99% of the nations will have bigger than 2% inflation rate.
But, I am not against them printing money at that time, it was a logical reason. I mean it is never a good thing, but it was a necessary evil at that time we needed and that is what we did.
Hopefully we will reach to a point where that much printed would have been done anyway so it's okay, so if we print nothing for many years, we will get there, and it will be fine. If we keep inflation to minimum, then we will be living a comfortable life "eventually", but that needs like a fiscal responsibility for half a decade easily.
I think the case can be made about the actions of the governments being justified in printing that much money when the pandemic stroke, the problem is how are they going to deal with inflation levels that we are witnessing? And I have severe doubts that governments are going to be as responsible as they should be under these circumstances, because we must remember that politicians are very shortsighted and they only care about the economy not collapsing under their watch so they are not blamed for the collapse and then they can get in power yet again. We could feel that from the government that we have in our country. They focus on the economy but they're blindfolded in the sufferings of people because of the mishandling of the economic crisis. The inflation rate here has just increased by about 6.5% this month and we have no choice but to hustle hard so we can live and survive because we can't rely on our government which only focuses on their benefit.
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Silberman
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July 14, 2022, 03:54:30 PM |
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I think the case can be made about the actions of the governments being justified in printing that much money when the pandemic stroke, the problem is how are they going to deal with inflation levels that we are witnessing? And I have severe doubts that governments are going to be as responsible as they should be under these circumstances, because we must remember that politicians are very shortsighted and they only care about the economy not collapsing under their watch so they are not blamed for the collapse and then they can get in power yet again.
We could feel that from the government that we have in our country. They focus on the economy but they're blindfolded in the sufferings of people because of the mishandling of the economic crisis. The inflation rate here has just increased by about 6.5% this month and we have no choice but to hustle hard so we can live and survive because we can't rely on our government which only focuses on their benefit. At the end we are going to see the same we have always seen when something like this happens, politicians will protect themselves and their friends while the rest of the population will have to find a way to deal with the inflation problem which was created by the government, however if things get as bad as I think they can get then this is going to be a massive opportunity for bitcoin as there is not going to be a better scenario for bitcoin so it can get to incredible levels of adoption.
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justdimin
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July 15, 2022, 06:35:08 PM |
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At the end we are going to see the same we have always seen when something like this happens, politicians will protect themselves and their friends while the rest of the population will have to find a way to deal with the inflation problem which was created by the government, however if things get as bad as I think they can get then this is going to be a massive opportunity for bitcoin as there is not going to be a better scenario for bitcoin so it can get to incredible levels of adoption.
This has been the case for thousands of years and I doubt that it would ever change. I mean we look back in history and say that there were bad times and we are doing "better" but the reality is that we are not doing that much better. Just to give an example, back in the day when slavery happened, the "pay" for a slave was 3 liters of beer and bread in ancient Egypt, and a place to stay. Let's be honest, there are many nations that do not pay people that much right now when they are not even slaves, the "freedom" we have is a lie, we do not have any freedom, we are just slaves that can't be beaten or murdered anymore, that's literally the only advantage we have, but get paid a lot less.
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og kush420
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July 16, 2022, 10:10:38 PM |
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At the end we are going to see the same we have always seen when something like this happens, politicians will protect themselves and their friends while the rest of the population will have to find a way to deal with the inflation problem which was created by the government, however if things get as bad as I think they can get then this is going to be a massive opportunity for bitcoin as there is not going to be a better scenario for bitcoin so it can get to incredible levels of adoption.
This has been the case for thousands of years and I doubt that it would ever change. I mean we look back in history and say that there were bad times and we are doing "better" but the reality is that we are not doing that much better. Just to give an example, back in the day when slavery happened, the "pay" for a slave was 3 liters of beer and bread in ancient Egypt, and a place to stay. Let's be honest, there are many nations that do not pay people that much right now when they are not even slaves, the "freedom" we have is a lie, we do not have any freedom, we are just slaves that can't be beaten or murdered anymore, that's literally the only advantage we have, but get paid a lot less. I agree - this is going on forever. And I assume they are talking about 2 years. But I believe it wont happen for around any time sooner.
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STT
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Exchange 250+ Coins With 0% Fees
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July 16, 2022, 10:59:53 PM |
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Do you think that the Federal Reserve has enough power to control inflation within 2% over the next two years? If the Dollar continually rises I suppose its possible because import costs will drop and effectively inflation is exported to other nations. Ultimately the rate rises also require debt reduction and bond repurchases to reverse QE and none of that is especially possible as there is fiscal and trade deficit still remaining in close proximity. If perhaps USA were to become one of the worlds largest oil exporters, refining and raw crude to supply nations such as China or India who have billions of people but barely any oil to supply their growing GDP then it could all balance out to currency strength and low inflation. I think we stall basically, Dollar will reflect lost value that only YEN is currently showing as their QE is far advanced of ours but its not too far away a similar situation of excess debt inability to repay only refinance which implies both weak currency and effective inflation above interest rates given.
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Gyfts
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July 17, 2022, 02:22:15 AM |
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Do you think that the Federal Reserve has enough power to control inflation within 2% over the next two years? If the Dollar continually rises I suppose its possible because import costs will drop and effectively inflation is exported to other nations. Ultimately the rate rises also require debt reduction and bond repurchases to reverse QE and none of that is especially possible as there is fiscal and trade deficit still remaining in close proximity. If perhaps USA were to become one of the worlds largest oil exporters, refining and raw crude to supply nations such as China or India who have billions of people but barely any oil to supply their growing GDP then it could all balance out to currency strength and low inflation. I think we stall basically, Dollar will reflect lost value that only YEN is currently showing as their QE is far advanced of ours but its not too far away a similar situation of excess debt inability to repay only refinance which implies both weak currency and effective inflation above interest rates given. QE was only part of the inflation, though. It was too be expected that some inflation would've occurred after the economy crashed in 2008, but COVID took inflation and spiraled it out of control. We would not have seen a near 10 percent inflation rate without the irresponsible fiscal policy post COVID. Debt is obviously an issue, but the money printing the U.S. government endorsed in 2020 and beyond, in combination with shutting down of major businesses, essentially took what would have been mild inflation and multiplied it. There is not really an end to it without at least a recession. I don't see the U.S. changing their energy policy soon, at least not until Biden gets out of the white house so the oil strategy won't work.
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DOH!
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July 17, 2022, 04:59:55 AM |
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Do you think that the Federal Reserve has enough power to control inflation within 2% over the next two years?
They have consistently done that by raising interest rates, but the results have been the opposite. From 8.6% given the all-time high continues to go up to an ATH of 9.1%. Lol, The state of macroeconomic recession is already at risk of red not only based on the decisions of the Fed, in other words they will not be able to control inflation in the current conditions, and I guess this situation will continue continue for the next few years.
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Silberman
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July 18, 2022, 03:52:07 AM |
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At the end we are going to see the same we have always seen when something like this happens, politicians will protect themselves and their friends while the rest of the population will have to find a way to deal with the inflation problem which was created by the government, however if things get as bad as I think they can get then this is going to be a massive opportunity for bitcoin as there is not going to be a better scenario for bitcoin so it can get to incredible levels of adoption.
This has been the case for thousands of years and I doubt that it would ever change. I mean we look back in history and say that there were bad times and we are doing "better" but the reality is that we are not doing that much better. Just to give an example, back in the day when slavery happened, the "pay" for a slave was 3 liters of beer and bread in ancient Egypt, and a place to stay. Let's be honest, there are many nations that do not pay people that much right now when they are not even slaves, the "freedom" we have is a lie, we do not have any freedom, we are just slaves that can't be beaten or murdered anymore, that's literally the only advantage we have, but get paid a lot less. Without a doubt you bring a very interesting point, slavery in this day and age is way more subtle than it was back in the day but it doesn't mean that it doesn't exist, after all people buy all kind of stuff with money they do not have and that they need to repay for the rest of their lives, how can we call a person that cannot ever stop working and that most of what they earn goes to someone else? I think the most appropriate word for someone like that is a slave, which is why it is important to not fall into the traps of the governments and banks and remain debt-free.
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