Quoted from Xenon75:No one seems to understand inflation - there is no bubble. There is however a devaluation of the dollar and other currencies by the fiscal policies being employed right now.
25% of all dollars EVER created in the history of the country were created last year. Therefore at minimum you will see at 25% inflation in prices over the coming weeks/months/years. The only way to avoid it is to cull the money from the supply which there is no way in hell they are going to do that. It's the only thing keeping this illusion going.
That is why the FED wants to stop using the term transitory inflation, it's not going away. We are nearing the precipice, you may want to read up on Venezuela and see what happened to them when their government had similar fiscal policies.
I've been saying this and people just say "it's covid it will go away" as if somehow lifting the reserve requirements on bank lending is just every day business in America...