Soo many people are in denial about inflation. If you asked them 2 years ago "hey if one day the fed randomly decided to print 10 trillion dollars, that would cause hyperinflation, right" everyone would agree. But when it actually happens, 90% of people come up with some excuse as to why nah not....
...nah not hyperinflation that can't happen here.
In drugs, its called the onset when you take a pill and wait for it to kick it. During the onset you feel 0 effects. The onset lasted from maybe March 2020 to Jan 2021.
Next is the come up, when you start to feel effects but its not full strength yet. The come up started once the vaccine rolled out and people started spending, inflation starts small. The come up started Jan 2021 once the vaccine started allowing poeple to leave their house.
After the come up is the Peak - I except the peak start once we reach 80% to100% vaccination in the USA, we are currently at about 33% vaccinated. Current estimates say it will take until 2022 to get their.
The come down, come as the fed raises rates. Hyperinflation is only temporary, as it only last a few years in every country in history. But your savings will be worthless by the time of the come down.
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from Bitcoin - The Currency of the Internet https://ift.tt/3eSEz08
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