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The Water Cooler
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Has the market sell off started?
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<blockquote data-quote="SlugSlinger" data-source="post: 3575770" data-attributes="member: 7248"><p>Inflation is the devaluation of fiat currency. Fiat currency is something that has no intrinsic value and is not backed by an asset. Fiat currency can be manipulated and that’s what’s going on since the US moved from the gold standard. I posted a graph showing what happened to wages and productivity after the US moved from the gold standard and essentially wages dropped and productivity went up all pointing to the effects of inflation.</p><p></p><p>The hedge against inflation is holding assets, not cash (fiat currency). A house is an asset, but it could also be in a bubble when the market is doing what it’s doing now with the crazy high house prices.</p><p>Ammo is a perfect example of an asset and the devaluing dollar, although other variables are in play. The Ammo prices have gone up. A lot due to supply and demand and some due to the dollar losing value.</p><p></p><p>The media is telling us we will see transitory inflation. That means temporary inflation. I tend to believe that is not true. </p><p></p><p>Crypto is popular and going up compared to the dollar because people have more faith in it not being manipulated than the US dollar right now. The .gov backs the dollar and look at who’s running the .gov right now or at any time really.</p><p></p><p>Cash is what loses value during inflation.</p></blockquote><p></p>
[QUOTE="SlugSlinger, post: 3575770, member: 7248"] Inflation is the devaluation of fiat currency. Fiat currency is something that has no intrinsic value and is not backed by an asset. Fiat currency can be manipulated and that’s what’s going on since the US moved from the gold standard. I posted a graph showing what happened to wages and productivity after the US moved from the gold standard and essentially wages dropped and productivity went up all pointing to the effects of inflation. The hedge against inflation is holding assets, not cash (fiat currency). A house is an asset, but it could also be in a bubble when the market is doing what it’s doing now with the crazy high house prices. Ammo is a perfect example of an asset and the devaluing dollar, although other variables are in play. The Ammo prices have gone up. A lot due to supply and demand and some due to the dollar losing value. The media is telling us we will see transitory inflation. That means temporary inflation. I tend to believe that is not true. Crypto is popular and going up compared to the dollar because people have more faith in it not being manipulated than the US dollar right now. The .gov backs the dollar and look at who’s running the .gov right now or at any time really. Cash is what loses value during inflation. [/QUOTE]
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