Hey my dear LeoFinance and Hive-Community!
I don't think that I have to explain "inflation" here, but maybe there are some newbies reading this, so I'll make it short.
Inflation is getting less for the same amount of money due to an increase in the price for goods.
Today the US reported the second consecutive inflation reading for the consumer price index (everyday-goods) above 5%.
So right now your US-Dollars in the United States are worth 5,4% less than a year before.
This is because of the ultra-loose monetary policy all around the world were central banks create fiat money out of thin air to make more debts, that need to get refinanced with more money being created and so on...
It is like a death-spiral for fiat-currencys right now. Even though Jerome Powell from the Fed tried to reassure that the inflationary pressure will be just transitory. It does not look like it.
Maybe it's a good time to invest in gold and crypto? What would Charlie do?
What are you doing right now?
