(https://www.nationalworld.com/webimg/b25lY21zOmM4MDUyOGQ4LTAyMDItNDYzZi05YWVhLWNhYjcyYmUxOGZiODpkODQwM2U0OC0wYWJlLTRlZjEtOTc2Ny1mYzc4NDAxNDIwNDc=.jpg?&width=640)
Cryptocurrency market is down 3.42% on the last 24 hours (9.50am, Friday 17 December).
After a year of gains and record highs, crypto currencies are enduring a turbulent time with unpredictable price changes.
Bitcoin and other leading crypto coins experienced a significant drop in share price after investors began dumping mining equipment as China announced fresh regulations.
Bitcoin (BTC) -3.65% (£35,440.35)
Ethereum (ETH) -4.43% (£2,914.50)
Binance Coin (BNB) -1.18% (£398.37)
Tether (USDT) -0.20% (£0.75)
Solana (SOL) -2.53% (£133.56)
Cardano (ADA) -4.61% (£0.94)
XRP (XRP) -1.81% (£0.61)
Avalanche (AVAX) -0.54% (£78.27)
Polkadot (DOT) -5.72% (£19.10)
Terra (LUNA) +1.59% (£48.32)
Dogecoin (DOGE) -4.34% (£0.13)
SHIBA INU (SHIB) -4.33% (£0.00002430)
It follows recent crashes brought on by Tesla making a u-turn on accepting Bitcoin as payment for its products and China clamping down on initial coin offerings, block exchanges and warned against speculative trading.
A further blow was dealt when China ordered Bitcoin mining in its Sichuan province to shut down completely and furthermore told banks to stop supporting crypto transactions, in a latest wave of restrictions on cryptos.
Now the country's central bank, People's Bank of China, has effectively banned digital coins after announcing all transactions of cryptocurrencies are illegal.
The decision has already had an impact on the global crypto market.
Why is the crypto market down?
China's crackdown on cryptos comes days after Musk's shock announcement.
Musk's decision signifies a sharp u-turn for Tesla who only started accepting Bitcoin as payment for its services in February 2021.
It came after the electric car company bought $1.5b (£1.06b) of Bitcoin shares, which in turn sent the market price of both the crypto and Tesla soaring.
Yet the impact on the environment of Bitcoin mining - a complicated process of minting new digital tokens - has seen Tesla withdraw this option for customers.
The billionaire entrepreneur said: "We are concerned about rapidly increasing use of fossil fuel for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel."
Musk reaffirmed his belief that cryptocurrency has a "promising future" but that it "cannot come at great cost to the environment", in his Twitter post.
Musk has been a long-time advocate of cryptocurrencies and the Tesla decision was felt across the market, with other digital tokens going down in price.
Crypto keeps fluctuating, causing a lot of loss, What's the best way to make money from crypto trading?
Lets not blame government printing money .
Nice Expert Katherine has really Taught me the better way or trading
Neo-liberal policies are the main reasons for this inflation. COVID-19 exposed the obvious. Endless wars, NAFTA with moving manufacturing outside the US, income inequality, corporatism, and so on.
The Fed should buy crypto so we can build infrastructure with profits instead of debt and taxes!
Does anyone know of any very rich economists? True experts would be among the 1% and not on government pay.
Brandon is in high demand. Let's go Brandon!
Investing has never been so mainstream, the money has to go somewhere right?
As a landlord with multiple fixed rates mortgages, I really, really like inflation.
CRYPTO IS FOR THE PEOPLE, and CREATED BY THE PEOPLE. Change My Mind. ️
Inflation in the US is overstated profits are way up for corporations, big corps are using inflation as a cover for increasing profits.
35% of all US dollars in existence were printed last year. So of course, interest is the result. How could it be transitory? Unless people start burning their own money, we can't go back to a world where there was less US dollars in circulation, making each dollar worth less. Plus, did you know for every dollar we print, we buy with interest from the Federal Bank, which is just as Federal as Federal Express? Why do we continue to allow this to occur? We need to remove this leech from the USA and get back to being in control of issuing our own money
Sounds like both sides are discontent with the SEC
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All I have to say is look at who's president now. That is the reason of inflation.
No
STOCKS and Bonds were created to make the elite wealthy.. Not some thing that is, or ever was, a NECESSITY. It's sadly, just like playing the LOTTO. But people continue to do it, even post-Pandemic.
Inflation is an expansion of the money supply, period! Rising prices are the consequence.
*The crypto market has been favorable in the past weeks, I keep missing out on this opportunity, I'm most certainly very impatient how can I ever make a profit in the crypto market.*
Turkey the best example of not increasing interest rates :-)
Wow, sincerely impressed with the level of depth so eloquently explained here! AND even more impressed by the lawmakers willingness to keep open minds and finally ask intelligent questions on the matter of crypto, a marked shift in attitude for the better of everyones future!
watch?v=hvcDk74cir0www..comjust make laws requireing everyone to work and that will stop inflation.........worked after the plague https:
Not by extending debt another 2 trillion .....
And THIS is WHY crypto IS the future.
Happy w usdc and Binance USD so far but coinbase CFO needs to hire some customer service agents I know more people who have had problems and left money there its nearly absurd
Stop inflation? Biden: "Print more money, for everyone!".
Inflation is built in to the monetary system.
I will not be buying much of anything but what I need to survive and save save save
e a mistake in the graph
I don't think the government wants to stop inflation, they want it to increase to diminish the burden of the debt.
Bitcoin is the best way against inflation
The bubble is transitory
When you pump so much money into the economy... how can you not expect inflation? This is the Fed's own making.
after graduation, I learned something from I can't forget, people don't want to fix problems so to take advantage of it. inflation cant be stopped because people up there makes use of it. low interest rates has little to do with growth, it only grows the financial markets. growth is about the people providing innovation or output.
The more I watch these short s I get this notion there pushing a narrative to make people just do as they want. Instead we must think outside of the box as too avoid group think
Not under biden
STOCKS and Bonds were created to make the elite wealthy.. Not some thing that is, or ever was, a NECESSITY. It's sadly, just like playing the LOTTO. But people continue to do it, even post-Pandemic.
So short answer "LoL of course not you financial noobs" listen people they are stuck printing money. They cannot stop.
lets go Brandon
Keep voting for handouts! Remember I'm not going to donate to the sidewalk beggars. I've been taxed enough!
If you have any savings they should be in a deflationary asset like etherium that also has amazing growth and utility and a blindingly bright future outlook.
Inflation is width the government needs But not the people
Heres the more important question: does the US government WANT to stop inflation? After all, Poverty is phrased as an individual failure in America, not a systemic issue. Its your fault that your pay doesnt keep up with inflation, and its your fault that your pay is so low to begin with. Social programs are too expensive, we can spare a couple billion of taxpayer money to bail out Amazon Because it had a slow third quarter. Affordable housing is too much of a financial burden, yet the annual budget for military spending goes up by billions every year. Suffering is the point
what do you expect from a country with Big Consumption but without Manufacturing? but lets face it, with US$ 7.25 minimum wage, you just cant manufactured daily necessities here...
bruh btcs value isnt from its utility. its a modern immutable store of value
They love pushing fud lol
My homeboy apartment complex just increased his rent by over $400..wages are up 3% but inflation is at 6%
Holy Moly Gamestop! If I had a 1,912% increase in my subscribers in less than 30 days, I'd go from 600 to 12,072!
NO! How other than stop printing money and wasting money on unproductive military expenditures?
Easy take $17t in wealth tax and tax evasion, and pay back fed. This removes $17t from economy and from those who either need it nor allocate it well.
They're talking about run-of-the-mill inflation driven by wage-price spirals, and saying that's how you get an inflationary spiral. In my mind, that's not the only way. We have a fiat currency and it's value is really derived from people's faith in it's value. You can print money and encourage borrowing etc, but much like stock market bubbles, there is a tipping point in there when all the feedbacks turn from negative to positive. Normally, you hold money, it holds it's value, there's no real push to gain or spend it. If you think inflation is going to increase, it now becomes a hot potato that you want to spend as soon as you get it. You do this by buying useful assets like houses, land, food, things you need. When everyone does this it drives up the price, which would normally dampen demand, but if the expectation that money will continue losing value and the price will only increase, then the price doesn't matter anymore. Sellers can ask arbitrarily high prices. But who's going to sell into this and accept that money? Thus supply goes down at the same time demand goes up, further exacerbating the situation. The government has been pumping new money into the economy to try and stimulate it, yet velocity stays low. Who needs to spend all that money under normal circumstances? But what happens when it all starts losing value? All that "cold" money suddenly turns hot, and the *effective* money supply suddenly increases. Meanwhile, everyone is also incentivized to borrow as much as possible to "short" the currency, further increasing the supply. But who wants to lend into this? The credit market slows, and the government steps in as "lender of last resort" again....using printed money. Meanwhile, the massive amounts of money tied up in the stock market suddenly need a new home. I mean, who wants to hold a stock when all you can get out of it is increasingly worthless money. You paper gains are impressive, but it's only a reflection of the fact your asset is losing value, because the only value it has is denominated in dollars (rather than any kind of tangible use). I mean it goes on and on. Wage-price spirals may be a part of 'normal' inflation but they don't really play into hyperinflation.
The argument that if prices inflate, then workers will ask for pay increases and owner will have to increase prices. Well, that's part fiction and an ideal scenario. The fact that wages don't increase with inflation for decades and some companies are forced to keep prices competitive and low compared to larger companies what have better economies of scale, it basically widens the wealth gap by making smaller businesses less competitive and workers buying power decrease over time. Let's not forget that companies only have an incentive to increase wages with inflation for top talent, and no incentive to do so for the rest of their workforce as the others are simply expendable. Economic theory is not reality. Economic Theory works better when there are Unions that fight on employee behalf to ensure everyone gets a fair wage.
TSLA is deeply undervalued if it can get AV to work. The professional driving industry in the US alone, annually, is worth nearly $1T USD.
YES....FIRE BIDEN.
Were already in a stagflation.
From the clip: There is no way the Fed can help and it will all depend on Congress. Me: Alrighty, time to die.
Worst piece I have ever seen. Terrible work. Retire
If you believe in fairy tales...
Lock downs wiped out savings as people dipped into funds just to survive. New taxes, Inflation and regulations wiping out home ownership. Welcome to Feudal America.
hour.If wages actually raised with productivity; the minimum wage would be upwards of +$20
7:45 The Phillips Curve trend line is deeply problematic. Just look at the actual underlying data points: all data points at 2.5% unemployment demonstrate resulting inflation hovering around 1% inflation.
I am surprised at what a good report this is.
6:00 You know what? Investors bet their money on the future of the investment. I won't invest in a company because it's big now, I'll invest in it because it'll be bigger in the future.
Inflation is the top priority over anything
US: Bring jobs back to America! Also US: ""No one wants to pay higher prices for anything" 0:23
Nope people need inflation in their pay checks
The more you are resistant the more you are schooled, eloquently.
Well, once you've printed the money, no, you can't stop inflation. Prices have to rise to adjust to the new amount of money in circulation. But it could have been not caused in the first place by not printing trillions of dollars. And while you can't stop the inflation that's going to hit on account of the money already printed, you can stop yet more inflation but not printing yet more money.Of course the powers that be will claim they are going to somehow fiat and decree inflation into submission, yet keep printing like crazy, then be baffled and surprised how and why inflation keeps going even though they issued fiat and decree saying no more inflation. Why won't the economy just obey our fiat and decree? We _said_ no more inflation, why won't it just stop? And oh, since it won't stop, we'll just say that actually what we want and should have!
Inflation only stops when it finally kills the host. But it always comes back.
ehat time does coinbase cfo speak?
That black chick seemed like an affirmative action hire. People who are English as a second language can convey a clearer message than her.
yes, if all currencies have the same exchange rate, or just use gold or silver currency
If they increase rate to 2 percent, the government will not be able to pay for what it already owes. Which means an accelerated borrowing. Debt trap? Maybe, waiting on some voodoo magic from the feds. In the meantime, I will be buy the hardest asset on the . #Bitcoin
American President Andrew Jackson did away with the federal reserve in the mid 1800s because it in debts society and warned future generations(US) about such an instution. Modern money merchanise can only create money out of debt, in other words inflation is additional tax on the citizens. Federal Reserves in fact are privately ownered banks that borrow the government money at interest.
Citizens buy from the CCP so all the money goes to the war machine america sleeps nothing less .
%3 interest rate will bankrupt the US. It's simply not possible to raise it that high which means if inflation ever manages to slip and expectations enter a loop, there will be absolutely no way to tame it back. The US has to start paying back the debts for which it needs to let go of the strong dollar insistance that creates almost a trillion dollar deficit every year.
why haven't wages risen in line with inflation if it has risen by more than 2% a year for decades?
You need to get a trade! So you dont get a crap load of student debt and will always be needed!
The inflation, Afghanistan, forever Covid, supply chain issues, Ukraine, Iran again enriching uranium and more are attributable to the global chaos Trump unleashed.
Looking at all these mask figures walking back and fourth is like a old horror movie..
The bubble will pop in accordance to what monetary and fiscal policy allows. Allow interest rates to rise and the bubble pops. Allow inflation to run and the bubble grows. Pick your poison. Good luck everyone, stay safe.
Bitcoin fixes this.
Lucid and Rivian are bubbles which will pop soon in a year or two
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for the vice president kamla haris only making india benifit ..india bought s-400 misale from russia but USA affraid sanction india..because they hiprotise whole USA gave their vice president,ceo,employee..that brings america suffer one day when american president or everything controll this indian..they lost their super power and lost india,russia,chaina.. so know thats time they should clearify this and should sanction india for s-400 missale bought..and also shouldn''t make any good position indian,chaina,israel people
No, it cannot. The US is completely addicted to inflation. Inflation is simply an expansion of the money supply, not the CPI or whatever nonsense the silly government says it is. Is the US government going to stop expanding the money supply? Never. It's literally impossible.
This did not answer the question....smh
Stop inflation market correct itself.no more buy back.
The bond market
We stand on the shoulders of Satoshi
Of course they can. They can REVERSE this at anytime. With CONTROL of the supply, they can control the Price. This is ALL set up to slowly choke the life out of alot of people.
I want hyper inflation, want to pay off my house ASAP
They should have called Satoshi Nakamoto as a witness. Q. Can you describe your qualifications? A. I am the father of cryptocurrency Q. Have you heard of Bitcoin. A. Bitcoin is my son
Fractional Reserve Banking is the biggest evil ever put on mankind
The world is the way it is because money pulled it in that direction. When the money moves the power moves.
End the FED
To be clear the Federal Reserve is not federal and has no reserve. They are only here to rob the american people of the value they have created.
Let the market decide price, not the FED.
4 of one percent for saving acct.'s & only 1.25% fot 5 yr. CD's! Yes, mortgage interest was 17%, but houses sold for $40k & there were ways around paying that, e.g.take over mortgages, purchase money mortgages, etc. I bought two houses then, that way!I'm 75 & will someone please explain why when we had high inflation in 1981, the banks were paying 12% to as much as 18% for 5 yr. CD's! Now, with ever spiraling inflation, we are getting an absurdly low .25% or 1
Biden is worst. He's wants to print more. Let's get rid.of him now.
I think the point is US citizens are sick of the laws and regulations that makes business and growth overly complicated and down right not worth the investment in emerging technology. The US government is killing the ability for the USA to compete in the world market with over regulation.
What can be seen as a problem could also be seen as an opportunity. I am thinking of people in their mid thirties who have felt trapped by student or other types of debt. Those costs are fixed so if people in early to mid career can trade up to a better job with higher pay they are in better shape.
it can... if Biden stops printing money
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Stop increasing money supply to stop inflation. Econ 101
If you care about America please read Ray Dalios newest book.
Better stop. Middle class now living like those living on 25k 2yr ago
FUD
The poor Will have to invade the richest, just to be able to live
The government has been closing up big chunks of the economy for 2 years and trying to stop it from collapsing by printing money. A 10 year old can understand that creating shortages of goods and printing money like Venezuela will lead to the value of money relative to everything else going down. Like every other spike of inflation, the beneficiaries will be those able to invest their cash correctly while people at the bottom will just become more poor. Somehow certain media sources are trying to push the idea that this inflation is actually a benefit to people in the lower tax brackets. I really don't understand why anyone still follows anything the media tries to feed them. The current 'crisis' isn't a surprise to anyone with a rudimentary understanding of supply and demand.
That seemed more like commitee R&D for their own CBDC.
Inflation in the US is overstated profits are way up for corporations, big corps are using inflation as a cover for increasing profits.
No bubbles if the Fed keep printing money
er
This is not a serious inflation. Is a joke. Stop this insane panic.
Yes, bring back Trump.
Nobody goes to their employer and ask for a raise based on inflation. These economists live in dreamland. Probably 50% of Americans dont even know what inflation is because they dont even know who is the VP of the country now.
Another with a higher dislike to like ratio. This one has also been masked. Pravda comrade!
The people you have talking about crypto cannot even spell it...come on.
Sounds like a positive meeting
Oil prices are up because of high demand and low supply (under Trump many US drilling sites shutdown) Higher oil prices are pushing prices in any every sectors.
Maxine Waters lowered the hearings IQ average by 20 points.
Don't regulate what you don't understand.
It could have been, but JFK was targeted by the banking industry
Prices never go down.
At least we dont have a racist Russian kgb spy in the White House am I right?
hb the media first start with neutral coverage of bidens policy.
What bubble is next?? Pffft The bubble coming from my ass when I fart in the bath tub!
mics facts:
Nope.
You now 3 days later are saying the economy is doing great. Lmfao
He definitely said sec not oec.
Getting fuel prices back down would help tremendously to lower inflation on goods that are trucked around the country. Dealing with port congestion would also have a tremendous impact. The biggest cause of inflation, however, is the fact that the Fed added 35.7% to the USA money supply in just a year and a half. When you dilute the dollar by that much how can you NOT have inflation? That was a huge gift to Wall Street investors, of course, including our politicians in both parties. (Just look at the growth in the S&P 500 since that money printing started.) But for everyone else it means that their wages and their savings now have less buying power. Our government no longer represents we the people - neither party. Instead they represent the billionaires and corporations who fund their campaigns. This includes the wolves in sheep's clothing who feign outrage against the corporations and the rich. All you have to do is follow the money.
Yes. By shifting the attention to China and Russia, Biden can easily downplay the inflation issue.
FED has been asleep, or deliberate sabotage is happening with money printer ( benefit the rich, at expense of poor). Stagflation is the next stop... especially under the "leadership" of the current administration
There is only a bubble if you see a bubble I see pure money. To the moon
Dear US Govt: Buy Bitcoin into the Treasury. The new Gold Standard
If you don't own a house and stocks you are doomed.
Thanks sleepy creepy!
Are these people for real. Markets price the future I would have lost tonnes of gains of i had listened to these smartasses thank God i held on to my ether.
Lets get some reasonable regulation ASAP!!!
EV's, Biotech Spacs, cryptos and anything Meta is probably in a bubble territory. It'd be interesting to see another speculation driven bubble pop like the .dom bubble. The internet is still around but not how people speculated it to be in the late 90's and got burnt.
Trump
Walmart across the board has raised prices. Most, if not all, sticker prices are old. New prices you find out at the register.
Im sorry but Im happy I work in Germany because the US dollar is dying
You voted into office a 78 year old with dementia and you are surprised America he is incompetent?
The gov can stop inflation by simply raising interest rates but this is politically risky as necessary recessions don't win elections
Biden said that the administration is "closely monitoring" inflation. Safe to say NO, the govt cannot control inflation.
To US goverment : less warmongering, care more for the people
N O
LOL Alma Adams, how many black empowered women work for your company, Jesus can we get serious.
I may be over simplifying, and maybe just down right ignorant of monetary issues. However, think of inflation like this; Nixon price capped items of consumer use to control inflation. Why hasn't anyone entertained PRICE CAPS on goods and services?? Raising prices due to lack of supply to the demand only benefits manufacturers of the product. People still do without! Doesn't make sense!
Cancel the Fed Infrastructure bill entirely , highway can be toll roads some already are, let the State manage there own bridges and road like it was originally suppose to be handled.
$DEVT to the moon. Please check
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The simple answer is No.
This is an advertisement for value investing and not a about bubbles. Misleading information. Let's take gamestop, says that the bubble popped and that it lost 50% of its value from its all time high, which is true, but very misleading. Gamestop might be down 50% from its top, but is still up around 3000% from the beginning of 2020. How can you say that the bubble has popped?? If you are going to compare everything from its all time high, it looks like almost everything is a bubble. Even simple facts in this don't make sense. For example: 2:56 they say that dogecoin is 'down over 90%' . If the high is 0,74$ and its down 90%, the price would be 0,07$, but its around the 0,20$. That's a 73% drop, not a 'over 90%' drop. Or if you want to show tesla's all time high, just google all time high and you'll see that it's not 1209,75$. It is 1243.49$ on 4 november. Come on ...
It's amazing how Marxism explains a lot of this - and how the bourgoise technocrats have developed a language to track the critique laid out in Capital by Marx. Specifically, the critique that capitalism has boom and busts because labor prices are less than the value produced is a more correct way of saying what these people are describing the inverse, that labor increases lead to price increases (without questioning if owner income, rents, and interest revenues are lower)
OF COURSE THEY CAN BUT THE GREED IS SO WORTH KILLING PEOPLE AND RUINING THEIR LIVES!!!!!
Hyperinflation
USA USA USA
Brooks smashed it.
Mr Bogdanoff, engage crab 21.
The Federal Reserve is destroying our country.
Control fuel costs and inflation will be controlled. You pay for higher fuel prices again and again and again. It is a cost multiplier.
You have people calling for a bubble every single year to get clout and prove their a genius. They literally call for a bubble every single year and when one finally happens they say see I told y'all so and people call them a genius smh.
Do Americans really realize that the FED is not a part of the federal government......? that it is a privately owned corporation by a few oligarchs......using only the people's consent to print money, as its capital, they buy everything and own everything.. After printing so much money, it then buys up stocks, bonds, treasuries, properties, and OWN everything, but the "money" used to buy them, is added to our $29 trillion national debt...wtf. Great scam, isn't it...and the name is very clever to hide the private ownership...the FED.. Why are we allowing this...? China doesnt have the equivalent, instead it has the People's Bank of China, therefore everything is owned by the Chinese people...instead of a few rich capitalists....who never invested, in the first place.....who are these people? The communist CPC is not evil, as we say, afterall. No wonder China is in a better place than the US.
Die kapitalisms ist GWG´
Complete hysteria. While it is higher, inflation is not currently a crisis. COVID is now a dud, so the media needs to do whatever it takes to keep people afraid. With how horribly the US reacted to toilet paper shortages, and now price spikes due to supply chain issues, I imagine that a real crisis would make the country collapse.
The Federal Reserves needs to stop printing money for the private and public sector for a whole year. Then have a Interest rate of 1% for the next year. This will force the federal government to raise corporate tax from 21% to 50%. Close corporate tax loop holes and tax breaks. To still insetive investment the federal government needs to abolish the capital gains tax and replace it with a 3% wealth tax on anyone who has 10 million dollars or more in stocks, bonds, precious metals, foreign and domestic currencies. The Federal government will have double the pay roll tax. Abolish income tax for anyone making less than one hundred thousand dollars a year. While having a 50% income tax on anyone who makes a million dollars or more with no tax breaks. The Federal government needs to abolish the federal fuel tax and replace it with a progressive land added tax.
Push gold in cpi data let's go baby!!
et against America! love from India ️️.
democrats don't want to build a better world they only whant TO DESTROY everything and steel billions of dollars from the people
BTC
it's a worldwide event... amigos
only way to stop it is to turn the printers off stop printing money its been proven no inflation when they turn printers on it starts back up now its to late 850 trillion been printed that all us bills in the world on top of uk printing money china printing money to much been printed 2 ways stop the printing let inflaion run its course crash or raise rates housing will crash forclosers sky rocket then crash ether way only way for evrrything to lvl back out is a crash and we will defult on the debt
Easy: Make Money more expensive (higher intrest) inflation falls, make money cheaper inflation rises. A lot of national banks do this for a century and it works!
The good option buying kishu inu Bitcoins
When the government tells you to stay calm and not panic, it is time to realize disaster is at hand.
Money is not an issue that everyone has for a better and luxurious life, life was hard for me until I started bitcoin investment and now I'm earning $9,500 per week
Can the news outlets stop with manipulation and corruption themselves? You guys arent helping at all.
Don't worry guys, they said it's transitory... also the Vax is perfectly safe.
real information rather than your study Every time publishes a study, I just look at the title, pause the and go thru the comments to find out why... no offence but the comments section is full of actual
s during the Restrictions this would not happen ️️️
Let stop government lets not do government no more government
An an Argentinian, let me explain Inflation to you: Gov' needs to have the money to pay all it's checks. So it prints it, but since wealth is not created by printing money it has to take it from somewhere. So, they take the wealth from the people via inflation... a non legislated tax
This so called "bubble burst" was not the first time I'm hearing about Bitcoin. I heard this in 2017-18 as well and stopped myself from buying and now I'm regretting
Not one mention of the Fed's balance sheet or total money supply
SPONSORED BY SHORTERS LOL
Short it then, if you believe it will pop
FUD
As the old saying goes : "Keep printing and spending. Things will turn out ok." _Brandon_
This stinks of twisted bovine excrement.
Let's Go Brandon!!!!!!!!!!!
Crypto Makes for A Wonderful Bubble When It Pops, There Is Nothing There
Biden with his trillion dollar infrastructure plan is bs and is adding wood to the fire...
America don't solve any problems.
ICE car manufacturers that pretend to be transitioning to electric. GM is the poster child
As someone who grew up in the '70s ... yaaaawwwwwnnn.
Hertz is literally on Tesla's website smashing that buy button 100k times because Tesla doesn't give a damn about their order due to ridiculously high demand.
Tesla will be like Amazon in the 2000th. It will drop with the whole market and rise like the phoenix back to new all time highs. After the crash is the best time to buy Tesla big time!
To fix the gangrenous necrosis the leg will need to be amputated.
I think the point is US citizens are sick of the laws and regulations that makes business and growth overly complicated and down right not worth the investment in emerging technology. The US government is killing the ability for the USA to compete in the world market with over regulation.
$DBA
To be clear the Federal Reserve is not federal and has no reserve. They are only here to rob the american people of the value they have created.
It is everything bubble.
Bitcoin made to look like gold is false advertising.
This was fantastic. Much higher quality discussion than I expected. Thanks to all involved.
The 'crisis' won't stop until they usher in that chip if ya know what I mean.
Raising taxes, fees, interest rates and turning off the money printer. Just a few things from the top of my head.
Better educate yourselves a lil more Its about oil It permeates the world Blame it on covid Blame it on supple chain Blame anywhere you want Go talk to Jimmy Carter The research will show you Oil
The bubble will pop for the ones that are being disrupted. To compare Tesla as a meme stock means you guys have no idea what you are posting. Lets save my post and check back in 10 years. Time will tell.
Hello Mrs Violet legit and her method works like magic I keep on earning every single week with her new strategy
DXY < CRYPTO
0:51: Noice 6:19: Weird pacing on bubble...
Hello folks, so what is the outcome? Is crypto leagalized in US?
The world governments created this problem using covid as an excuse.
Stop printing money , gold to dollar ratio is poor in us wake up or you will next venesvala
Every graduate degree in the US is actually in woke studies, so I dont see those being all that useful.
They're talking about run-of-the-mill inflation driven by wage-price spirals, and saying that's how you get an inflationary spiral. In my mind, that's not the only way. We have a fiat currency and it's value is really derived from people's faith in it's value. You can print money and encourage borrowing etc, but much like stock market bubbles, there is a tipping point in there when all the feedbacks turn from negative to positive. Normally, you hold money, it holds it's value, there's no real push to gain or spend it. If you think inflation is going to increase, it now becomes a hot potato that you want to spend as soon as you get it. You do this by buying useful assets like houses, land, food, things you need. When everyone does this it drives up the price, which would normally dampen demand, but if the expectation that money will continue losing value and the price will only increase, then the price doesn't matter anymore. Sellers can ask arbitrarily high prices. But who's going to sell into this and accept that money? Thus supply goes down at the same time demand goes up, further exacerbating the situation. The government has been pumping new money into the economy to try and stimulate it, yet velocity stays low. Who needs to spend all that money under normal circumstances? But what happens when it all starts losing value? All that "cold" money suddenly turns hot, and the *effective* money supply suddenly increases. Meanwhile, everyone is also incentivized to borrow as much as possible to "short" the currency, further increasing the supply. But who wants to lend into this? The credit market slows, and the government steps in as "lender of last resort" again....using printed money. Meanwhile, the massive amounts of money tied up in the stock market suddenly need a new home. I mean, who wants to hold a stock when all you can get out of it is increasingly worthless money. You paper gains are impressive, but it's only a reflection of the fact your asset is losing value, because the only value it has is denominated in dollars (rather than any kind of tangible use). I mean it goes on and on. Wage-price spirals may be a part of 'normal' inflation but they don't really play into hyperinflation.
That black chick seemed like an affirmative action hire. People who are English as a second language can convey a clearer message than her.
Higher wage jobs are going to be sent over shores Your going to need a graduate degree Only a former fed crony would make that claim so lightly without providing supporting evidence or exploring in depth the damning implications of being correct.
No! HAHAHAHAHA
commerce educated) opinion, the most bubbly thing right now? S&P 500.OK I hate how their definition of a bubble is super unclear. Tulips were also a "thing", like lumber, and in 1600s Netherlands that was the DEFINITION of a bubble. So I'm going to take a stab at this definition - Supply chain causing shortage is not a buf, bubbles exist on a scale. In my (not economicallybble, because demand has not gone up due to speculation. Seriously, who's going to speculate on lumber? Maybe a few individuals, but speculation itself is difficult to do, and everyone believed prices will come down. Housing right now is more of a bubble, because demand has gone up due to the pandemic, it's drawing investors, and creating a cycle of inflating prices. But Odyssey guy is right, there is a supply issue too. Prices going us is not a bubble, speculation and investors over-stretching due to FOMO creates a bubble. It's also not a boolean t
Heres the more important question: does the US government WANT to stop inflation? After all, Poverty is phrased as an individual failure in America, not a systemic issue. Its your fault that your pay doesnt keep up with inflation, and its your fault that your pay is so low to begin with. Social programs are too expensive, we can spare a couple billion of taxpayer money to bail out Amazon Because it had a slow third quarter. Affordable housing is too much of a financial burden, yet the annual budget for military spending goes up by billions every year. Suffering is the point
It took Biden less then a year to destroy our economy.
Go Mr Gonzalez! Super excited to see that congress isn't nearly what the media has made them out to be. However, very disappointed in my two female reps from Michigan. Very embarrassing. They will only be forgotten because Mr. Sherman was even more ignorant
Official inflation figures are lies. Real inflation is always more than double official Fed figures. Anyone who goes shopping knows that. Shrinkflation where less products for the same price is common. Dollar store items are now $1.25, a 25% increase. Most items people need for basic living like food, housing, heating and transportation are up and continuing higher.
Ahhhhh
Nobody wants to pay more, yet the same people no want to charge less
LOL Alma Adams, how many black empowered women work for your company, Jesus can we get serious.
you poors who thought 15 years ago a home in vancouver costing 700k was a bubble must be crying so hard now that the average since family detached is closer to 3 million...wish you had purchased back then huh? hahah losers
When will these bubble(s) pop? any guess folks?
Food and Energy prices seem to affect more Citizens than the other effects..... The FED seems to overlook a lot of citizens when they review prices....
baebd2539bb24290fdfcc27807
control over inflation?. its pretty obvious that that ship has sailed
Houses have double in price in two years practically. Thats hyper-inflation. Plus how is housing only 31% of CPI when it accounts for more than half our paycheck.
#DBA
hour to flip burgers without a union or minimum wage requirement.Typical pro-union sob story. In reality outsourcing gave us high quality cheaper products, made industry more globally competitive and offloaded the menials tasks, making the American workforce available for work higher on the productivity chain. Record low unemployment followed, and now McDonalds is offering $21
I wouldnt be scared IF the a rich werent getting Richer and Mostly with so much Stimi ️️ we do need to be Cautious The Rich can Manipulate anything with Money. Sadly Money Is Power
I mean if you consider GME and AMC's current prices compared to pre-2021 prices...I wouldn't say the bubble "burst" completely which I'd equate more to it going at similar levels or below their pre-pumped levels.
My biggest worry about crypto is that the left will ban it because they want absolute control over Americans access to money and are already pushing for complete irs monitoring of banking transactions.
I would have wished that someone talked about that Cryptocurrency is the very last opportunity for democracy to survive against socialism. Please think about it in detail and share this thought with everyone you know. And take into account the following aspects: Socialist systems are now dominating the the global in economy in large parts. These systems use their economic power to invest in their military. Cryptocurrency is the last chance to have the entire democratic world interconnect with each other in its very essence of transferring infornation,. As money transfer represent the humans main possbility to transfer real physical information creating our reality, spreading to all sectors. Crypto enables higher efficiency and interoperability between companies, creating a stronger and sustainable economy resulting in a higher investments into military to defend democracy. An democratised decentralised interconnected world is the only and last chance to unite the world and become stronger against socialism and dictatorship. Noone wants to fight a war that you will lose anyway. But the higher the probability to win a war, the likelier people are willing to fight it, especially if it is about their freedom of and equality about ethnity, roots, sexuality, beliefs, religion, and finally any decision about their own mind and body. Authorities represented by individuals deciding about their own lives in the long run, must consider these thoughts.
Tesla overrated
Broken capitalism. Solution, need to start over. Burn the FIRE sector. Vote for a change (pun) demand democracy NOW.org banks produce nothing, zero, just profits DNC = RNC = the 1% = Wall street not the 99% remember the 1970s ? what it took to get change a revolution, yeah
REMOVE THE CELL PHONES FROM CONGRESS MEMBERS. As a collective employer we should require their utmost attention.
Cathy Wood sez Value will be slammed in 2022 Over supply
Smoke and Mirrors
Yea Ill fix it
control over inflation?. its pretty obvious that that ship has sailed
inflation is a function of capitalism...not like anyone can stop capitalism. Capitalism is a house of cards...you can't do anything to stop it without it collapsing.
Well all bubbles pop, it's just matter of time, people keep forgetting we don't invest in assets for sake of satisfying need for investment, we do it to make profits, and when lot of people or whale decides to book their profits then the massacre starts
Lets not blame government printing money .
What bubble is next?? Pffft The bubble coming from my ass when I fart in the bath tub!
WeWork, Nikola, NEO, robinhood...these are 'bubbles' and is wall street as a collective industry that created them - not everything that has value is a 'bubble' just because you are crying that you missed out. Tesla might even be overvalued, but is already changing the world whether you like it or not. Bitcoin on the other hand is so toxic now exactly because of institution and boomers just jumped in, and now they cry it's not going UP. The only bubble we deserve to see popping is the stupid media industry
et against America! love from India ️️.
I didn't know Bob Saget was Brain brooks uncle. Very interesting discussion .
I know this has more dislikes than likes
yr50 should lvl out b4 we make another run. Housing is also related to money printing, if you put 50% more money in the hands of the public obviously house prices will adjust to that... this ones just not in a bubble at all, will likily keep rising 5-10%so if gme went from 2 bucks to over 300 i have no problem with a 50% correction, it is in fact not in a bubble as its shorted 120% again (yes its not worth the current price but the shorts will have to cover)... id rather make a 200% gain and watch it lose 50% than a 30% gain on the year. btc movement is directly related to the dilution of currencies globally, it's been overleveraged by longs and the recent correction was those folks getting liquidated, once its closer to 50
Remember when you guys said this was a problem?
Turkey the best example of not increasing interest rates :-)
Despite the current fall in Crypto's I'm still happy i can smile back at my portfolio £51,770 Had my fourth withdrawal from my investments, (Thanks Leticia Buckley️)
So if you print %40 of the monetary supply ever you experience unprecedented inflation? Im intrigued.
If they try to fix inflation the economy crashes, if they let inflation go, the economy crashes, they are stuck in a box with no way out
Getting through Mr. Shermans statement without dying of laughter is a very respectable feat.
Sounds like both sides are discontent with the SEC
Maybe not print several trillion dollars?
Inflation is good for the producers and bad for the consumers.