Quote from: rambogoham1 on Today at 07:01:33 PM

Quote from: Digitalized on Today at 03:36:02 PM

The Fed could mint not one but two $1 trillion coins. The U.K. government will pay 80% of wages. A global recession of record proportions is a near certainty and coming as soon as next month. Stock markets around the world lost trillions of dollars in value in a matter of hours.

This morning, the Fed promised an open-ended commitment to keep buying assets under its quantitative easing measures—effectively offering to buy the entire market if necessary.

I'm amazed that a large pepperoni pizza is now more expensive than 1 barrel of oil. Short term, cash is king. But in 3-6 months what all this QE and injection of trillions of dollars into the market do to the CPI. I wouldn't be surprised to see some higher inflation.

Well, be read to use twice the amount of cash for that Pizza (or barrel of oil), maybe more. Printing money cannot lead anywhere but inflation. This "promise" of buying back things isn't magically going to make disappear the money that has been printed, and the bigger the print the worse.

I recognize this pattern, you may be on the brink of inflation, maybe for many of you it will be the first time in your life to experience it. Cash is king? You will revise that thinking when you find out the hard way that your stashed cash suddenly cannot buy the things it used to. By going into cash, you are essentially losing your money.

Of course if this occurs the price of bitcoin will go up, not because bitcoin is suddendly more valuable, but the thing you are using to measure its value is losing value (the USD). Of course you are going to see gold and other things go up, and your food, your bills, everything (but your wage). But don't worry, in a truly free market wages under inflation eventually go up as well, it simply takes longer (its the last thing to go up).

You may escape this if you have your savings in anything BUT fiat, even hoarding toilet paper works (you can sell it later). Of course bitcoin works too. If you want to avoid this risk, get rid of that cash. Yes, the more people realize this, the faster the fiat will collapse and lose its value. Its a bit like fractional reserve banking, once people learn about it, they will want to withdraw their money, which in turn make the banks fail (precisely because of the practice).

Oh and "stable" coins practice fractional reserve. They are the most dangerous thing to get into. Say what you want about bitcoin's fluctuating price, at least its honest, and we all know it will keep its value overtime. Fiat? well that's tied to your country's economy. Is your country's economy good? Printing trillions doesn't make an economy good... I wouldn't be surprised if you enter into two digits inflation.

Bitcoin cannot enter inflation because no one can suddenly decide to add trillions of coins overnight. This "out of nowhere" money cannot save you, but bury you instead. As always, its the politicians destroying everyone's wealth. The next time you know, you end like the bolivar: worthless.