To investors, The inflation report this morning shows that the economic measurement is headed in the wrong direction. Year-over-year CPI came in at 3.5% and the month-over-month growth in inflation was 0.4%. This means that inflation is going up, not down, which is a major problem for the Federal Reserve.
Bitcoiners should not be shocked by this information. As far as I can tell, the only way for bitcoin to continue kicking butt in the market is for the US dollar to continue getting its butt kicked, by bitcoin. Fiat inflation is good for bitcoin.
I think in recent times, indicators of inflation that lead most to believe we will or not have one have defy the best economist. However with cryptocurrencies like Bitcoin or Ethereum as an hedge, most common citizen who participates will not be tossed.
The 1980 based inflation has it over 10% right now.
http://www.shadowstats.com/alternate_data/inflation-charts
Lose-lose situation. You are correct. And the government can only blame themselves with their excessive money printing.
Jerome Powell is a political hack. We have video evidence now so anyone who says otherwise is just a liar.
https://x.com/jamesokeefeiii/status/1778157381907513802?s=61
Bitcoiners should not be shocked by this information. As far as I can tell, the only way for bitcoin to continue kicking butt in the market is for the US dollar to continue getting its butt kicked, by bitcoin. Fiat inflation is good for bitcoin.
1) The Fed never had any control over (overall) inflation
2) Inflation is not accelerating
3) CPI is not inflation
Russia will love this
I think in recent times, indicators of inflation that lead most to believe we will or not have one have defy the best economist. However with cryptocurrencies like Bitcoin or Ethereum as an hedge, most common citizen who participates will not be tossed.