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Largest jump in inflation in 30 years in today's CPI data drop

HoldTheMayoHoldTheMayo Posts: 130 ✭✭✭
in U.S. Coin Forum

Gonna be interesting 2022 for the rare coin market.

Comments

  • HoldTheMayoHoldTheMayo Posts: 130 ✭✭✭

    @privatecoin said:
    It's only just begun...

    Yep! It's just crazy, 40% of all USD were printed in the last year. Am not jealous of the Fed, they can't raise interest rates or decrease the Fed balance sheet or else they'll crash the housing market and stock market. They especially can't do it now with political midterm elections. They'll appear impartial. We are in a mad world.

  • privatecoinprivatecoin Posts: 3,519 ✭✭✭✭✭

    @HoldTheMayo said:

    @privatecoin said:
    It's only just begun...

    Yep! It's just crazy, 40% of all USD were printed in the last year. Am not jealous of the Fed, they can't raise interest rates or decrease the Fed balance sheet or else they'll crash the housing market and stock market. They especially can't do it now with political midterm elections. They'll appear impartial. We are in a mad world.

    Yep. You can't spend yourself into prosperity, but that is exactly what our government is trying to do.

    Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc

  • djmdjm Posts: 1,563 ✭✭✭✭✭

    @HoldTheMayo said:

    @privatecoin said:
    It's only just begun...

    Yep! It's just crazy, 40% of all USD were printed in the last year. Am not jealous of the Fed, they can't raise interest rates or decrease the Fed balance sheet or else they'll crash the housing market and stock market. They especially can't do it now with political midterm elections. They'll appear impartial. We are in a mad world.

    The midterm elections is the exact reason we are seeing "high" inflation right now. Powell says he is not going to take any measures to lower inflation until after the 2022 elections.

  • pmh1nicpmh1nic Posts: 3,295 ✭✭✭✭✭

    @privatecoin said:

    @HoldTheMayo said:

    @privatecoin said:
    It's only just begun...

    Yep! It's just crazy, 40% of all USD were printed in the last year. Am not jealous of the Fed, they can't raise interest rates or decrease the Fed balance sheet or else they'll crash the housing market and stock market. They especially can't do it now with political midterm elections. They'll appear impartial. We are in a mad world.

    Yep. You can't spend yourself into prosperity, but that is exactly what our government is trying to do.

    Especially if you're borrowing money that does zero to increase productivity to continue the spending.

    The longer I live the more convincing proofs I see of this truth, that God governs in the affairs of men. And if a sparrow cannot fall to the ground without His notice is it possible for an empire to rise without His aid? Benjamin Franklin
  • BuffaloIronTailBuffaloIronTail Posts: 7,494 ✭✭✭✭✭

    First the COVID thing, now this.

    I'm numb to all of it anymore.

    Pete

    "I tell them there's no problems.....only solutions" - John Lennon
  • jmlanzafjmlanzaf Posts: 35,321 ✭✭✭✭✭

    poof

  • privatecoinprivatecoin Posts: 3,519 ✭✭✭✭✭

    How much are mint prices going to raise in 2022? :D

    Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc

  • Herb_THerb_T Posts: 1,755 ✭✭✭✭✭

    Buy gold now!

  • 1northcoin1northcoin Posts: 4,537 ✭✭✭✭✭

    GOLD $1,852.11 (+19.66)

    And it was even higher earlier today.

This discussion has been closed.