Quote from: sikke on November 19, 2021, 10:53:00 PM

Hasn't this happened already in the past multiple times?

The fiat system is irretrievably broken and this is just one of the symptoms. It's not the root cause of its issues like Yellen makes it seem.

The more the debt ceiling gets lifted, the more money is going to come into circulation and therefore inflation will pick up. Our only chance is holding cryptos as a hedge.

Inflation has always been there. But now it's more noticeable due to the negative effects of the pandemic on the global economy. It's up to you to secure your capital by investing into scarce assets like Bitcoin and Gold. Only then, you'll avoid losing purchasing power in the long run. The US Dollar is already losing traction so it should only be a matter of time before another currency replaces it as the world's reserve currency. I'd imagine inflation having a positive effect over Bitcoin's price in the long term. Who knows if prices go higher after Dec 15? Just my thoughts Grin