Stocks fall in the U.S., ECB decision pending

Started by OZER, Jun 08, 2022, 09:43 PM

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I had about 50 cents in LUNA when the collapse happened. I remember opening my crypto app, seeing LUNA -92% and going quotlol wtfquot

  is the reason why  is down almost 70%

I see inflation when I go to the supermarkets looking for food which has increased considerably due to inflation which is caused by supply chain backups which is caused by lack of personnel at the moment.


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.

I would have wished that someone talked about that Cryptocurrency is the very last opportunity for democracy to survive against socialism. Please think about it in detail and share this thought with everyone you know. And take into account the following aspects: Socialist systems are now dominating the the global in economy in large parts. These systems use their economic power to invest in their military. Cryptocurrency is the last chance to have the entire democratic world interconnect with each other in its very essence of transferring infornation,. As money transfer represent the humans main possbility to transfer real physical information creating our reality, spreading to all sectors. Crypto enables higher efficiency and interoperability between companies, creating a stronger and sustainable economy resulting in a higher investments into military to defend democracy. An democratised decentralised interconnected world is the only and last chance to unite the world and become stronger against socialism and dictatorship. Noone wants to fight a war that you will lose anyway. But the higher the probability to win a war, the likelier people are willing to fight it, especially if it is about their freedom of and equality about ethnity, roots, sexuality, beliefs, religion, and finally any decision about their own mind and body. Authorities represented by individuals deciding about their own lives in the long run, must consider these thoughts.


Just another slick willie.   How can you compare druga that make a drug company rich to this stuff?

socialist has worked out for them. Keep voting for the democrat party and we will all enjoy the equality of poverty.socialist economic policies always fail,and only lead to the collapse of a nations economy. Just ask the people of Venezuela how voting for liberalsWhy are people surprised inflation is rising? History has proven time and time again that liberal

Buy #DBA TOKEN now this is your last opportunity

Current Adminstration: Printing (e.g. borrowing) more money will lower inflation... first step of any solution is to admit you have a problem.  reality is they don't want to stop inflation, that's their plan.

Shanghai is open already,  some brands have started outselling Tesla in the EV segment in China.


Instead of sending tweets that destroy the market perhaps Elon should get some sleep

They're intentionally allowing higher inflation to cover back low inflation during pandemic while fulfilling their mandate on maximizing employment