Inflation is still an issue for the US dollar. CBDCs will fix that.
Did you see the last CPI inflation report? If you miss it, the CPI inflation for the previous month was 8.3%. We will have to wait for the Federal Reserve to announce its subsequent hike increase. The market was hoping for slower inflation, which is why the stock market came down on the announcement, but regardless of the number the officials report, you should know that that report is not actual. Let me explain.
The Fed is at about 2.5% interest, but inflation has only come down from 9.1% to 8.3%. It means 1.2% is lagging, and the market hasn't realized that difference yet. That could be because the CPI inflation report is, indeed in itself, a lagging method to measure inflation. The other possibility is that real inflation is not the numbers we are getting; in reality, that number is much higher. Regardless, the stock market may decrease more if the Federal Reserve keeps raising the interest rates. At some point, companies or employers will start mass laid off to save up some cash to survive any downturn and prolong hawkish Fed.
In other words, the Federal Reserve inflated the money supply and is now deflating it, and while that happens, many will lose their properties, jobs, and livelihoods. That is what the Founder Fathers warned us about allowing banks or a central bank to issue and print the nation's currency. Yet here we are, just having a bank depriving the nation's citizens of their property.
When the government in charge of the politicians was printing money and giving it as a stimulus for citizens, remember those PPP loans, those were the good times, and remember how the head of the Federal Reserve told us that inflation was just transitory? If inflation was supposed to be transitory, why is it that now the Federal Reserve is panicking and increasing interest rates?
Most of the money printed in the last two years didn't go just to stimulus checks, and you can bet a lot of that money went into the Fed insiders, who in turn went and spent it on goods and services, which in turn increased inflation. Insiders got freshly printed dollars and bought goods. Probably just before the Federal Reserve started its hawkish rhetoric, they sold those grown goods and services, kept the profits, rinse and repeat. And now, the regular citizen will have to pay for all the pumping the rich enjoyed.
Cryptocurrencies are the last market where the Federal Reserve can't print directly, but you can bet that they are working on ways to get into the market and manipulate it. You can bet that they will try outright hostile takeovers and probably try to implement the same tricks banks can already do on finance 1.0. Remove self-custody capability from users, and give interest to large holders so that the current bank system's problems get transferred to the new banking system cryptocurrencies.
Once inflation transforms into hyperinflation, you can bet the government will implement CBDC, and that will be the beginning of the end for financial freedom. Now we need to ask ourselves if that CBDCs will be run on a new network like FedCoin's own private layer or if they will use one of the networks they have already taken over.
Compromise altcoins behave like a permission-censorable network because the government can always incentivize holders like Coinbase to follow in line or confront sanctions.
Inflation was not transitory, and we all know that first with inflation and later with deflation is how banks take your property and make you poor. Once you don't have any assets and are destitute, they will probably launch the new project CBDCs wish will be digital tyranny and the end of freedom.
