LIVE: MELANIA TRUMP CELEBRATES BTC ANNIVERSARY

[trow]

Federal Reserve caused this.

[laze]

Boomer media: "bItCoiN dOeSnT haVE fUNdAmENtaL vALue"  lol you all were saying that when it was a few bucks, and you'll continue to say it when it's valued at hundreds of thousands. I can't wait for your leech filled "financial advisor" industry to be gutted.

[joj]

Its sad that these traditional media companies have to put Tesla or other click baity titles to drive views. Traditional news media is dead.

[bust]

They're talking about run-of-the-mill inflation driven by wage-price spirals, and saying that's how you get an inflationary spiral. In my mind, that's not the only way. We have a fiat currency and it's value is really derived from people's faith in it's value. You can print money and encourage borrowing etc, but much like stock market bubbles, there is a tipping point in there when all the feedbacks turn from negative to positive.  Normally, you hold money, it holds it's value, there's no real push to gain or spend it. If you think inflation is going to increase, it now becomes a hot potato that you want to spend as soon as you get it. You do this by buying useful assets like houses, land, food, things you need. When everyone does this it drives up the price, which would normally dampen demand, but if the expectation that money will continue losing value and the price will only increase, then the price doesn't matter anymore. Sellers can ask arbitrarily high prices. But who's going to sell into this and accept that money? Thus supply goes down at the same time demand goes up, further exacerbating the situation.  The government has been pumping new money into the economy to try and stimulate it, yet velocity stays low. Who needs to spend all that money under normal circumstances? But what happens when it all starts losing value? All that "cold" money suddenly turns hot, and the *effective* money supply suddenly increases. Meanwhile, everyone is also incentivized to borrow as much as possible to "short" the currency, further increasing the supply. But who wants to lend into this? The credit market slows, and the government steps in as "lender of last resort" again....using printed money.  Meanwhile, the massive amounts of money tied up in the stock market suddenly need a new home. I mean, who wants to hold a stock when all you can get out of it is increasingly worthless money. You paper gains are impressive, but it's only a reflection of the fact your asset is losing value, because the only value it has is denominated in dollars (rather than any kind of tangible use).  I mean it goes on and on. Wage-price spirals may be a part of 'normal' inflation but they don't really play into hyperinflation.

[sufi]

Thank you so much for this informative thread it has helped me greatly. Most time people don#39t know where to start when it comes to investment. But great investors can provide proper guidance...

[moda]

6:02 Just like raising the minimum wage to some absurd amount of money

[hiss]

Aggregate demand is being pumped up bc of extra money printed by the fed.....aggregate supply is constrained bc of pandemic....hence we get higher prices....the fed needs to gradually raise rates....they have been too low for too long  ...

[teku]

1929

[LaXn]

Why until now you have realize that your exaggeration of outsourcing in China is the main cause of inflation. You need to generate jobs and production locally.  Too much advance thinking ha, go back to basic.

[acka5]

buy I Bonds.  Over 7% now.

[joly]

Nice  Expert  Katherine has really Taught me the better way or trading

[book]

The fiat Currency debt TRAP

[cbox]

quotA fool and his money are soon parted...quot

[aeman]

The evolution of civilisation.

[zig]

This was one of the dumbest s I've ever seen. Not once did they mention the massive amounts of money added in circulation the past year.