Quote from: laredo7mm on Today at 11:47:07 AM

Quote from: aysg76 on December 23, 2021, 12:34:37 PM

But the problem is they don't see it as bad move and now you could see how much the supply has increased over past time like over 80% of US dollar supply is printed in a decade only.

2016 : Fed prints $6.25 Million each ten minutes

2021 : Fed prints $12.5 Million each ten minutes

Quote

While bitcoin halves US dollar doubles

The printing rate has doubled in these 5 years! That's enough to destroy the economy. Satoshi Nakamoto already understood what was going to happen next. Many people used to call Bitcoin a scam but now they are investing in Bitcoin due to inflation. We are now looking at what Satoshi understood a decade ago. When someone has the power to control the economy, he uses it to his advantage, even if he destroys it. That is what is happening now but the common people will suffer. In order to have time, everyone should buy some bitcoins before the paper coins become worthless like toilet paper.

That has been always like that but got worse. Unfortunately the only method US government figured out how economy wouldn't collpase was to injure it instead of killing it. I mean yes, compared to not printing money and collapsing, printing money does sound better, however I believe it could have been done a lot better and not like this. In the end, FED will keep on printing more and more, the government debt will increase more and we are just going to live in a world where a pack of gum will cost 100$ in the future. Thats just a fact, we had people buying houses for 100$ just like 100 years ago, today that money is good for a good meal at a nice place, and in maybe 20 maybe 50 or maybe 100 years we are going to see that as pack of gums money. Inflation will never end as and it is going to keep hurting people who live paycheck to paycheck and do not own anything.