That Time Harry Potter Defeated Malfoy With Dogecoin..........
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Chainlink has been shown on Robinhood!
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British MEP Godfrey Bloom exposing central financial institution scam in European parliament
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Located in Hanoi, Vietnam 🔥 Great to see instruction spreading!
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Have you found your authentic infinity? 🍊
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Bitcoin slicing by fiat like it is scorching butter. What do you assume about it? Please really feel cost-free to... read more
My silent bitcoin mine at property
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Bitcoin the Easy Way - Top 10 Bitcoin Terms
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I am already trolling by pretending not to know what should I say up coming?
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“what you’ve just said is one of the most insanely idiotic things I have ever heard. At no point in your rambling, incoherent response were you even close to anything that could be considered a rational thought. Everyone in this room is now dumber for having listened to it. I award you no points, and may God have mercy on your soul. “
“Come with me and you’ll be
In a world of pure imagination…”
He does not want to say that they need some form of inflation to incentivize spending due to our money being worth less every year.
Fk is he talking about, id like to know more, not just magic tricks, “look over here, believe what you see, while over here i I pull 2% out of a hat.”
damn, always thought inflation comes from printing money.
i better stop thinking and start believing.
So the answer is “because”?
So let’s all expect deflation and it will happen?
What the actual fuck.
“If enough people believe 2+2=17 then it will happen” – Jerome Powell ( ͡° ͜ʖ ͡°)
if they are stealing 2% percent at year, maybe you won’t notice…..
That was a wiggle worthy of a worm
He’s just talking words. 😂😂
“Well obviously… I mean not obviously, but…”
Oh come on JP, just say inflation is a hidden tax and that 2% is the sweet spot where the average person doesn’t realize they’re being taxed extra so that their money can go towards paying off the debts of reckless government spending.
They want to 2% inflation because it encourages spending instead of saving which is good for the overall economy and 2% is low enough to where it won’t destroy your purchasing power too noticeably… not perfect for sure.
Also the thing where he’s talking about if people believe it’ll happen makes sense if you understand behavioral economics it’s called inflation expectations.
Inflation expectations are simply the rate at which people—consumers, businesses, investors—expect prices to rise in the future. They matter because actual inflation depends, in part, on what we expect it to be. If everyone expects prices to rise, say, 3 percent over the next year, businesses will want to raise prices by (at least) 3 percent, and workers and their unions will want similar-sized raises. All else equal, if inflation expectations rise by one percentage point, actual inflation will tend to rise by one percentage point as well.
That is why the fed is always trying to temper the public by saying not to worry (some would say just downplaying inflation) because if they just straight up say yea inflation is going to wreck to us it’d be a lot worse.
For those wanting an opposing view and not just an echo chamber here it is.
Edit: if you disagree don’t ask me to dumb it down more. Refute my points instead of pouting cause you don’t agree
2% is the highest amount they can steal without people noticing it each year.
In times past, I thought this guy sounded somewhat intelligent. That is, until I heard this clip.
Once my property tax increase was to the penny as my 2% raise at work. Interesting! My supervisor didn’t want me to get my raise because I would not do what he wanted me to do. A foreman said I had to get my raise. Interesting!
These rat bastards can’t even properly lie anymore.
I think the 2% target began with the kiwis.
he reason a 2% inflation rate is “targeted” is that people don’t seem to notice when you steal their money slowly.
In my opinion, 2 percent is the most they can do without the general public throwing a fit over it.
Certain businesses tend to like it because they look like they’re slightly growing or at the least maintaining when theyre in fact shrinking.
Businesses also like it because they can give their employees small raises periodically when they are in fact not even keeping up with inflation.
Government and politicians like it because they point to things like gdp to show people that things are slightly better then they actually are.
Inflation hurts wage earners more then anyone else.
Banks want 2% inflation but will only give 0.2% Interest on savings accounts
I’ll tell you how it does. It’s not obvious how that is.
Basically, if we believe inflation will go up, it will go up. If we believe inflation will go down, it will go down. It has nothing to do with my [infinite money printer](https://np.reddit.com/r/Bitcoin/comments/11rtheu/theres_an_infinite_amount_of_cash_at_the_weimar/).
We don’t need inflation; technology makes things cheaper and cheaper each year. Essentially $100 from years ago should actually get you more now as everything has been optimized.
lol all the buttcoiners downvoting XD
I’m sorry, is the head of the Federal Reserve suggesting we ✨manifest✨ lower inflation? Lmfao
The system needs to inflate the money supply so that we don’t go into a debt spiral. The current high interest rates are making governement debts way more expensive to pay back, and making older bonds that banks purchased during the low interest rate period more expensive for them to liquidate. At some point in the near future the central banks will have to pivot and start reducing rates back to zero otherwise the current government debt spiral and global bank liquidity crisis will get out of control. But the lower future rates will at some point make it easier for people to take out larger loans which is where real inflation comes from. It isn’t central banks that inflate the money supply directly, it is commercial banks making new loans out of thin air. Central banks just give permission to the commercial banks by issuing them new bank reserves which is not really the same thing as printing money. The commercial banks don’t have to make new loans with newly issued bank reserves done through QE. In fact, in the short term we are heading into a deflationary period where banks will be ultra conservative with making loans, the real source of monetary inflation, since the house of cards is beginning to fall and no bank wants to be left without safe and liquid assets.
The problem with all of this though is that CPI has not really come down all that much which is why central banks have been raising rates in the first place, to quell inflation. If they have to pivot to prevent, or at least soften, a global financial and banking crisis while inflation is higher than their target 2%, that is a really bad situation as it means that the only way inflation will stop is for the real economy to crash from not being able to take out loans and a lot of companies going out of business. QE will start again, rates will be back around zero, and the whold charade will resume.
So we either face a global debt and financial system crisis, or we live with high inflation to mask the problem. Why on earth do people support the continuation of this unstable system? We need Bitcoin to save us.
“The modern belief is that people’s expectation about inflation actually have an effect on inflation. If you expect inflation to go up 5%, then it will”.
So if me and my friends expect inflation to go down to zero, it will go to zero?
What kind of drugs is he on?
The actual answer can’t be discussed openly. Inflation is the tax that everyone pays. Two percent is the magic number. It’s the maximum amount that can be stolen without people stopping it.
We are the frog. If the water gets too hot too quickly we jump out. If the water rises in temperature 2% p/a we sit in the pot until we boil and die.
This is painful to watch!
Jpow: it’s fucking magic, bitches!
“If you expect inflation to go up 5%, then it will”
The central bank doesn’t control monetary inflation, or understand it at all.
the fiat monetary system is probably the biggest scam perpetrated on humanity ever
The guy talks shit
Thank you, Bitcoin, for pulling the wool away from my eyes and helping me see this travesty for what it is: theft. The government/Fed basically steals your money annually and pretends it’s normal and necessary. Powell should be absolutely reviled by society yet he lords over it.
Viva la revolución.
Is this the guy who is in charge of the FED?
No wonder why we are in such a big mess
Is that part of Ronnie’s Voodoo Economics?
Obviously it’s not obvious. We’re just damn flying blind aren’t we? Either our government/FED has absolutely no idea how to deal with our monetary problems or they know there’s really nothing that they can do. They just fucking hope like hell we can use our collective consciousness to will inflation down to 2%
What a clown
Go back to hard money so this clown doesn’t have a job
So I can control Inflation with my mind? 😲
I expect 1,000 bitcoins to be deposited into my wallet by the end of the day. 🤷🏻♂️
[We don’t need monetary inflation, only that money is divisible](https://www.reddit.com/r/Bitcoin/comments/qa31ly/beyond_sov_bitcoin_is_the_best_money_in_history/)
Breaking: Powell sets record for most words spoken without saying anything valuable.
He clearly is lying and knows the 2% goal is a way to pass a tax to taxpayers.