/biz/ - Business & Finance

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We’ve been deflationary so much the Fed said fuck it and defibrillated the economy using COVID stimulus. Quantitative easing is being used to turn the tsunami into an extremely high tide. Not stop inflation, but even it out.

You see what happened in the 70s? Get ready. We’re seeing these extremely high stock prices because of the defibrillation, it’s going to wash over the rest of us. Scary part? Now that the the general consensus is a desire to increase inflation, politicians are going all in.

Ride the stock wave, crest into crypto. Gold is for the old money, Bitcoin is for the new.

What was inflation like in the 70s?

I feel afraid that’s going to happen again. There are a lot of people smarter than I am- banks, billionaire investors, and economists all buying this new currency due to its security, transparency and deflationary characteristics.

The currency is correcting right now, it’s down 10% which you know is nothing in the big picture of investing. The currency has been through drops in value much worse. Young people like me are starting to use it and it works great. Should this do well I’ll be able to take care of you, should it not, I’ll be right back on my feet.

We went from bartering to precious metals then paper currency which lead to balance sheets. Now the new currency is here. Banks no longer hold real dollar bills, they keep track of it all in their computers. Computers that are hackable, changeable, alterable. The new currency was created to account for that and more. Inflation is on its way, there’s no reason to go back.