Post
Topic
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
SecondLeoTheSecond
on 07/12/2017, 20:32:57 UTC
But what if what we are seeing is in truth fiat-inflation?
There has so much money been printed and it is out there and yet the inflation is just at 15% since 2008 while the amount of money has increased by about 500%.
https://fred.stlouisfed.org/series/BASE?cid=124

Which means everything in dollar should theoretically cost about 5 times as much as it does today. Imagine 15$ for a coffee

A complete lie told by the Fed. How do I know? I buy things:

https://bitcointalk.org/index.php?topic=2401800.msg24652194#msg24652194
https://bitcointalk.org/index.php?topic=2401800.msg25792784#msg25792784

I don't live in the US so I have to rely on statistics. Might well be true what you are saying. I just took some inflation rate provided online.
Though the numbers would still not match the increase in 500%. I don't know details about the whole market though, just the simple numbers I got from looking for five minutes.