Normalicy bias says America could never suffer a fate like Weimar Germany or Venezuela, but the truth is contrary. Our whole society is dead, dead end jobs worked by dead eyed workers keeping the machinery going. The super rich are now even richer and so the speculative game begins. All the inflation in my opinion is speculation driven, except oil. Hypothetically say the speculators drive up the price of corn futures for whatever fucking reason, that leads to higher costs all the way down the chain. Eventually to your breakfast cereal. Speculation in real estate, aka blackrock and gates, leads to higher prices through consolidation and cartel pricing. All that free money finds its way back into the economy and the dead eyed plebs are the ones that take it on the teeth. As others have said it will come in spikes that eventually spread to the broader economy. Futures and commodities will lead the speculative rush along with real estate and land. Can you imagine where that 2T in crypto speculative money would go if crypto wasn't a thing?