They like to show you the monthly inflation numbers because if you zoom out it's horrifying.
A cumulative 15% per month inflation means in ONE year it will take $5.35 to equal a dollar today. Let 1 be the value of the dollar today. Assuming inflation is at 15% per month, we multiply the value of the dollar by 15%, then add the two figures. Then repeat this 11 times more to arrive at what the dollar will be worth in 1 year after sustained 15% per month inflation.
inflation effectively peaked, for the rich. The plebs are going to eat the bucks and love it
Jose Baker
Also we can redo the figures with the official Fed inflation numbers, and the Shadow Stats guy's numbers, pic related.
Official government inflation is 8% so after one year it will take $2.52 to equal $1 today. Shadow Stats guy has inflation at about 12% so after one year it'll take $3.90 to equal a dollar today.
I think the rich are mainly holding stocks and shit these days, even the billionaires are largely paper wealthy only.
I'm more concerned about municipalities, they will not be able to function or get loans. Imagine all the buses stopping and trains in NYC, all the street lights go out, etc.
>bitcoin crashing >tether and luna, together the basis for bitcoin interoperating with the actual economy destroyed >miners quitting in droves as energy costs are higher than returns, takes a long ass time for anything to go through now you're so fucked kiddo, lol
Anthony Stewart
Baby formula shortage keeps going on much longer and there will be actual riots.
nice
Wyatt Peterson
Nothing ever happens Be happy and love Israel.
Zachary Miller
It's already happening, Israel is now Chinese territory anyway.
Luke Diaz
Not the end of the world, nothing happened as long as Israel is secure.
Chase Clark
We have a petro dollar, inflation easy to calculate by the price of gasoline, under trump he couldn't give it away for two dollars, it's now almost 10 dollars per gallon meaning your dollar is worth 5 times less in two years, so basically your dollar is now 20 percent what it was, it was already 10 percent of its original value when troy ounce of silver was a dollar so it's worth 2 cents. There ya go.
Jayden Robinson
Israel and Iran are secret allies. They're both fucked, too.
It's $6 a gallon.
Jaxson Martinez
Who was president when the fed printed trillions for covid corporate bailouts
Nolan Gutierrez
these are monthly numbers for the expanded yearly rate
if you assume shadowstats guy's 12% is correct, then you have the 12th root of 1.12 = 0.948879293%
it's still not good, and the real numbers are probably even higher than shadowstats, but if you actually read the sources you're using you'd understand it's the yearly rate published monthly, not a monthly rate
Hudson Martin
>after one year it'll take $3.90 to equal a dollar today. Bring it on
