I was aware that after all the money printing and giveaways during the COVID was just delaying the payment of the crisis ´till a moment in which the economy could possibly take better care of it. However, it was certain that the true cost of the crisis was not being paid. But here is the bill: Soaring inflation, happily accepted by governments in Europe and mainly in US: 5% YoY in August.
This is bad news for most, however it is good news for bitcoin that benefits from inflation and loose financial policies. Keep hodling!
Unfortunately many people do not know what is happening, we can put it into precise words and terms but most people cannot do that, they can tell there is something wrong since everything is getting more expensive but they cannot put their finger on what is wrong, and while I am not worried as I know this works in our favor it seems that we will finally get to see the crisis that will put at risk the fiat system currently in place, but this will bring a lot of suffering as most people have no savings at all and the few that have them have those savings on fiat and they are about to lose all of those years of effort.