Gold has remained steady as stocks and bitcoin have plunged

[Ezik]

Everything's a bubble

[talh]

Don#39t believe wht u seen on Internet so good to be true if u want invest in crypto just throw in which u comfortable to lose not all ur life savings this is idiotic act

[sgps]

guys a fraud, stock performance is abysmal

[gui]

At least Sherman called out con-base ha ha.

[josy]

The crisis can not be stopped as the solution isn't politically viable.  As Milton Friedman put it Inflation is always and everywhere a monetary phenomenon"

[sys]

WAY BEFORE.  Bad juju is the ripple effect.  But to be Honest, China deserved it in part because of the Fauci trial.

[ugin]

All according to plan cit.

[Unic]

"Post pandemic". You sure?

[lof]

N O

[sieg]

Mr. Brooks!!! Mr. Brooks!!! Mr. Brooks!!!

[crep]

never. Wrong answer.

[E3Z]

Do kwon doed destroy cryptobrCrypto will to zerobr scheme is do kwon

[phyl]

DBA has so much in store and you don't want to miss out on huge opportunities. To the moon  #DBA

[amar]

Musk has a better handle on the American economy. Much better than the talking heads on this network.

[Lyx]

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.