[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 958 KB, 1261x1214, 179F13F3-2846-4901-B0BF-F940B764200E.jpg [View same] [iqdb] [saucenao] [google]
49643718 No.49643718 [Reply] [Original]

We’re headed for hyperinflation. People have not been buying stuff during the pandemic while they allow USD to be printed by the trillion. What the fuck do I do as a 23yo with health issues living at home so my savings doesn’t disappear? Until now it was “hold crypto” but look how that’s working out for you all.

>> No.49643754

Nothing ever happens you paranoid mongoloid

>> No.49643786

>>49643718
Hold crypto

>> No.49643875

Buy commodities, bonds and stocks in safe bets like food and energy companies.

>> No.49643916

>>49643718
Buy GME and DRS it

>> No.49643956

>>49643754
Normalcy bias is going to kill you.

>> No.49645062

The above chart is incorrect. It erroneously states that 80% of all US dollars in existence have been printed since January 2020.

This is not new money, but rather an accounting reclassification of $11.2 in existing savings deposits. A more accurate reflection of money creation since the pandemic can be found here:

https://www.usaspending.gov/disaster/covid-19?publicLaw=all

Notice how between outlays, obligations, and total resources for COVID relief, total spending is roughly $4 - $4.5 trillion. This just so happens to be the difference between M1 when measured at May 2020 = $16.2 trillion, and March 2022 = $20.7 trillion.

20.7 - 16.2 = $4.5 trillion

This $4.5 trillion in US government borrowing and spending since the pandemic represents 21.7 percent of the total $20.7 trillion that exists as M1 today. So no, we aren't headed towards hyperinflation because of printing. We're just experiencing multiple supply side shocks.