Hello my dear Hivians and LeoFinance supporters,
a few months ago, I already wrote that I don't see the current heated up inflations as transitory, like Jerome Powell, head of the FED, wanted us to believe.
And here we are, looking at an inflation reading of consumer products of 5,4%.
Imagine you go shopping know, but for the same amount of money every product you buy has 5,4% less weight or content.
On the other hand the producer prices are also up more than 8%. That means the pricing pressure persists and we will see even higher inflation readings in the near future.
The US-Fed is stuck between hyperinflation and killing the stock market with some tapering efforts.
Prepare your war-chest with cash and crypto, because there are going to be the greatest buying opportunities in history, when the financial system as we know it goes down in an amazing onslought of inflation.