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Peter Schiff Expressed: The only way to fight inflation is with positive real interest rates. That means rates have to be higher than the CPI. This will cause people to borrow and spend less, and save more. But it will also cause another financial crisis, which is why the Fed won’t fight inflation!
Community Response: Just buy Bitcoin and you don’t need to worry about inflation. Simples.
Correct, worrying about inflation will take a back seat to worry about your Bitcoin. The only bright spot is that the money you will lose on Bitcoin will be worth a lot less in the future than it was when you wasted it buying Bitcoin.
Being so sure of the coming demise of Bitcoin is the gambler’s bet. So far Bitcoin has been the superior investment, I can’t see how anyone could argue the opposite. No reason for this to change over the coming decades.
Peter is correct. The controlled paper gold market is the ultimate hedge against inflation – you just have to wait for the manipulation to end.
Trade King is correct. The controlled bitcoin market is the ultimate hedge against inflation – you just have to wait for the manipulation to end: when all those 0.4% addresses holding 85% of bitcoins dump them to “smart inflation hedgers”.
But who is worrying about bitcoin? It’s up over 314% on average per year.
You mean like gold which had a max drawdown of 65% in real term over the course of 10 years. What store of value has that kind of drawdown and needs a decade to recover?
Delusional, Bitcoin is the most deflationary asset against the dollar in the world.
Bitcoin has no value. So deflation of spaces on a public ledger? Sounds legit.
How about stopping to printing money. Maybe a good place to start.
And, only way to hedge against it is with a real-asset like Bitcoin. Yeah, but then what to do about the pesky election and the democracy where the people without assets on the stock markets or non-crypto owners are the ones that pay for this inflation at the pump, ALSO cast a vote. Inconvenient isn’t it.
I am sorry to say that these people are in a lose – lose situation anyway.
Has Bitcoin plunged more? I hope so. I really wish the govt would raise rates, but I have a feeling they won’t want to go this financial crisis – even though that’s EXACTLY what is needed.
If you use a type of money that gains value instead of losing value over time, people will spend less by default, and save a lot more. That is why Bitcoin is the future.
What happens if all the coins value goes down and not up?
The Fed is already fighting inflation, most commodities are collapsing and the USDX is surging higher. Bravo Chair Powell.
No. Inflation is baked into our current monetary system. It’ll be replaced by bitcoin in a decade. Guaranteed. Look back in history and you’ll understand Peter.
“Fed cannot taper. Fed cannot raise rates. Reduced taper is still QE. Rates not high enough. Fed will lower rates again. QE is coming again. See, I was right. Buy my Gold Fund.” The 10 year cycle of Shiff BS. Now I know what they mean by “have fun staying poor”.
Slow and steady degradation. This is how the economic hit men at the federal reserve do things. The doomsday scenario simply won’t come, agreed!
The only real way to fight inflation is to help the supply chain and accelerate production, it´s all in the offer and demand, the problem is that there is too much money and not enough things to use it for, accelerating the energy industry transformation will help.
