Quote from: OgNasty on Today at 05:53:34 PM

More and more people are starting to publicly call for an end to these rate increases. Unfortunately for all of us, the Fed is responsive to data, they are absolutely horrible at predicting things. So bad in fact its hard to believe it isnt done on purpose so they can manipulate investments and grow their own balance sheet. When will they decide theyve inflicted enough pain? Who knows. I just know theyd stop now if they cared about the people on main st.

Well, they're doing it out of response of what's happened recently. It's unavoidable that rates will go up, and continue to do so. That's how our money system works worldwide. The UK has already done it, but even more significantly which resulted in a massive crash of the pound. The US are at least doing it at a much slower rate, to try to assure the value of USD. Ultimately, we all know that this slow approach only delays the inevitable, but it should lessen the blow for a lot of people.

In other parts of the world people were paying $1 for x item, and now they're paying $1.80. That's a overnight change, whereas the approach the US are taken should at least gradually increase the cost of living. I imagine they're doing it in direct response of other countries.

But, the rates have to go up, otherwise the government risk losing out significantly which they aren't going to do. So, this will continue to happen, and recessions are going to continue to happen. Bitcoin should be less effected due to its deflationary manner, but anything that's subject to inflation will continue to be subject to that. We can't really avoid that.