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

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

Gonna be interesting 2022 for the rare coin market.

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  • HoldTheMayo
    HoldTheMayo Posts: 130 ✭✭✭
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    @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.

  • privatecoin
    privatecoin Posts: 3,853 ✭✭✭✭✭
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    @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

  • djm
    djm Posts: 1,565 ✭✭✭✭✭
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    @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.

  • pmh1nic
    pmh1nic Posts: 3,503 ✭✭✭✭✭
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    @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
  • BuffaloIronTail
    BuffaloIronTail Posts: 7,765 ✭✭✭✭✭
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    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
  • jmlanzaf
    jmlanzaf Posts: 43,044 ✭✭✭✭✭
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    poof

    All comments reflect the opinion of the author, even when irrefutably accurate.

  • privatecoin
    privatecoin Posts: 3,853 ✭✭✭✭✭
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    How much are mint prices going to raise in 2022? :D

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

  • Herb_T
    Herb_T Posts: 1,755 ✭✭✭✭✭
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    Buy gold now!

  • 1northcoin
    1northcoin Posts: 5,544 ✭✭✭✭✭
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    GOLD $1,852.11 (+19.66)

    And it was even higher earlier today.

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