This isn’t Inflation, it is Stagflation
So cut the politics, this is bigger
Waking up and looking at candlesticks can be daunting, but when the politics of this country has become so bad that you have one side preaching inflation and the other side preaching recession, that is when the real pain starts.
Writing nonfiction is often boring because people believe that just due to the genre being nonfiction, that it shouldn’t have a story. Well this is healthy challenge to that narrative, or lack thereof.
Inflation is what you would call printing money endlessly, so we would go up to the powers that be that are in charge of the distribution and regulation of paper dollars and check, this would be the Fed. Some would even refer this to the 4th branch of government.
To go into the creation of the Fed, and even how we got here is a trivial question when we don’t even understand what here is.
Here is 2021, a year in which we are recovering and making the tail of a long fight to get back home from a pandemic. The end is in sight, so are the vaccines, the government intervention, or rather lack there-of, and all we see is one consistency, the depreciating value of the U.S. Dollar along with the lagging power of the U.S. Economy.
This is what you would call stagflation, a point in which dollars have been printed at an inflating rate since the Bretton Woods Accord, meeting a larger economic downturn with the COVID-19 pandemic that left America quarantined and people unemployed.
Perfect storm of stagflation leaves a conflicting taste in the mouth of the U.S. Economy, almost like when I went to Bush Garden’s in Tampa on a hot day and tried to have something sweet like candy, and something saucy like barbecue ribs at the same time. It was tough and honestly felt like throwing up the whole time. I don’t want to be the one to say it, but the U.S. Economy needs a reset.
A hard reset is the best thing about the blockchain and specifically Bitcoin. When we walked away from the gold standard, it was because of the volatility, but the American economy was tied to something beyond our control, which made it difficult for us to print more dollars.
Regardless what we choose, stagflation is here to stay, and if not then a transition to hyperinflation is the best possible solution if we choose to ignore the most obvious, but difficult path in blockchain commodities.
— David Ramos
