Hi everybody,
I thought I would put in a post of why inflation is going to keep up and create a new normal in the world.
I know lots of you are sitting on the side lines waiting for a big drop in GPU prices before buying but the days of getting a decent GPU for £500 or £700 are well gone, expect to pay £1k+ for decent and £2k+ for top end.
1. inflation isn't something that just goes up a few points per year when it really appears there is a huge
surge which goes on and on
2. the commodities upcycle is only getting started=inflation
3. the US has trillions in debt, they don't have the money to pay bond holders so the fed and treasury will keep interest rates down and inflate their dollar to try and inflate away the debt=inflation.
Once inflation appears and surges like you seeing now they are *NOT* going to raise interest rates to combat it but keep inflation running high which is in their interests! (and what do you think BOE will do here in the UK!) what you'll get in a short space of time is a currency devaluation not just US/UK but globally.
4. You may know I'm predicting all 3 major US stock markets to go over finally during the last few months of this year. Now this will be the first of the major bubbles to pop followed by the housing bubble a bit later. As the huge bubbles pop you're going to get more currency devaluation=inflation!
5. GPU shortages/prices are just the tip of the iceberg, once you see the surge of inflation go into food and everyday items then its time to be worried.
See what happens in a few months and Prepare for the biggest financial event of your lifetimes!
Regards, Harold