rare hitlers
I can see the market.
I have to admit I'm a little baffled by the fact that inflation is soaring and the stock market is going down and other things are going down. And of course I'm talking about an America right now.
But it does seem to me that if inflation is soaring which means the value of the dollar is going down that people would be rushing to put their money in their cash into things that are not pegged to a Fiat dollar but are pegged to ownership of real businesses or things like gold and other things like bitcoin.
Yet the stock market's gone down bitcoins gone down gold briefly went up for a moment but not in any significant amount iand meanwhile US inflation is still going through the roof.
And yet somehow the Euro apparently is doing even worse than the US dollar which I find incredibly inexplicable frankly. I mean perhaps the euro is printed as much or more than the US dollar but I thought on the world stage the US was clearly the most bankrupt country in the world living solely on the power of the military backed Fiat US dollar which has been up until recently the mandated currency for the purchase of oil around the world.
So how is the Euro doing even worse now.? Can anyone explain any of this?
I'd like to know where to put my money frankly and it's all a bit baffling to me right now.
And you can't put your money in bonds because cities in counties and states are facing huge pension fund unfunded liabilities that are going to cause those bonds to be worthless when they go bankrupt.
And obviously some people made some money when they bought oil stocks in the past but those are crashing now.
So where the hell can you put cash in an investment that won't lose its relative value.
And you know housing apparently is going to crash because interest rates are going up although quite frankly everything else is going up faster than interest rates so that may be a mistaken assumption. I am seeing Zillow emails by the dozens now where houses in the 3 to 400,000 range are saying price reduced by $20 and $30,000 now so I guess at least ask prices are being moderated Now by something going on in the market although I'm not really in touch with that right now.
What is the inflation hedge investment today?
Bitcoin does seem to have bottomed out at around the $20,000 mark so maybe it's going to go back up soon. It goes through normal cycles but of course none of those cycles in the last 10 years have been in the presence of the massive Fiat collapse and inflation that we're seeing right now so it's really unclear how it affects bitcoin.
In theory people should be dumping their money into Bitcoin right now as a hedge against inflation since Bitcoin is a non-inflationary asset with a very limited and fixed amount that is mined.
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