That was interesting. Thanks.

Not convinced this is legit.

The X22 report ? lol

I refuse to put fake news from the MSM on here.

Are you finally coming around Les, when I would espouse the freedom sound money principals you looked at me like I was daffy. I think you even called me a Bircher lol.

By inflating the value of a "make-believe" currency, Are you not devaluing our recognized currency creating inflation? Is this basically just stealing wealth from those that do not play the cryptoes?

Seriously? You are confusing the crypto and PM markets with the Federal Reserve and the US government deficit spending practices.

No. Really though, most people for a variety of reasons have no exposure or know how to invest in cryptos and will not have the opportunity to experience these great gains, Then the players buy up land, gold and such at such higher prices creating super inflation. I can not argue your point on the govt, except it is usually predictable to a point inflation, not so with cryptos.

The govt created inflation by printing more money.

govt does not print money.

Who does?

You are confused how inflation is created, rising prices whether it's crypto, land, labor or any other asset is caused by an increase in the money supply.

The massive increase in the money supply we have witnessed in the last 18 months was solely caused by government deficits and QE.

I am not a financial expert, barely understand the way our system works , However I do not believe that everytime Bitcoin goes up 10grand that some one turns up the printing presses.

??????

I think borrrowing money to buy stocks and bitcoin is what is causing inflation.

Ha! So just raise interest rates then, right?? That should fix things!

I'll respond to your comment by pointing out that there is a limit to how much you can borrow. But there really is no limit to how much $$ government can create.

You can't possibly borrow enough to move the needle on inflation.

As Steven pointed out, correctly IMO, inflation is caused by too many dollars chasing too few goods. The demand for those goods forces up the price because the supply is limited.

Wait until unions start demanding wage increases. Then we will really see inflation take off

Yes

White, the inflation will be created by Washington, not "the unions". Most places around here have raised their wages by(I'm making an unsubstantiated opinion although I'm good enough at math) by a substantial margin, by substantial I see it at 10 to 15 percent, not union shops. It's a classical case of too many dollars chasing too few goods and in this case labor is the goods.

If we think the rising prices now are bad that are caused by indiscriminate money creation wait until all those dollars floating in foreign banks or held by foreign governments (which they have commenced) start to come back to shore.

M2 money supply has increased almost 30 percent since January 2020

I am trying to read up on stuff a little, lol

Sure it will be Washington but look at the direct connection between the unions and Biden. He is even appointing former union leaders to cabinet level positions.

As prices rise, labor will demand more compensation .....and they'll get it which will just drive prices higher.