When Inflation Pumps The Markets Dump
Ladies and gentlemen, I give you the SPY on the daily time frame. This is not a cryptocurrency, this is the US stock market. Things are not looking good, and technicals are basically useless in these trying times, but what I can see from the indicators, things are looking quite grim.
At least we know it wasn’t just a crash in the crypto markets. With the CPI numbers coming in way too hot for the market’s liking, we saw a massive dump pretty much across all markets. When inflation pumps, markets dump, lol.
CPI Chart
According to the US Bureau of Labor Statistics, ‘the Consumer Price Index, or CPI, is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. Indexes are available for the U.S. and various geographic areas. Average price data for select utility, automotive fuel, and food items are also available’.
This latest report brought the CPI in at 6.04%, way too high for anyone’s liking. This basically means that the cost of consumer goods continues to rise, while most average people have not seen a reciprocal rise in income. This is causing major problems for people, not just in the US but worldwide.
Europe’s economy is in shambles. With rising energy costs, many businesses have to close their doors simply because they cannot pay their energy bills. Not to mention that winter is coming and people will have a hell of a time trying to keep warm if they cannot pay their power bills and they lose power or cannot afford the natural gas to heat their homes.
Food shortages will be here sooner than later. With Ukraine’s ongoing war, it has completely screwed crops for this year. Then let’s talk about the Netherlands’ government trying to destroy their farming industry in the name of climate change. It’s utterly ridiculous and the madness has to stop! Even in America, farmers are warning of food shortages because even the US government is trying to step on our farmers and destroy our farming industry so that the corporations can come in and take over.
What Can We Do?
Well, we are in crypto for a reason, at least I am. Keeping your money outside of their system, not trading on centralized exchanges or using KYC products, is just a start. Not treating the ecosystem as another way to make more dollars, but making fewer dollars and more Bitcoin, Hive, Monero, or any other asset you like. The more you make in decentralized systems, the less you claim on taxes, so the fewer taxes you pay. If I don’t get 1099’d, they can kick rocks. We have more power than they do if we all just step up and vote with our wallets and stop paying their extortion fees. NOT FINANCIAL ADVICE… LOL…
One thing that people need to do is learn how to grow their own food. This can be done simply at home in a garden, or at least in some pots. Doing anything you can to produce instead of consuming is a great way to think.
3D printing is the new decentralized manufacturing. Learning how to work on 3D modeling and being able to produce pretty much anything you need will cut down the need to purchase things from corporations. This is huge and can give you the tools to make money in many different ways. You can print everything from everyday tools, to even your own ‘Ghost gun’ that you can use to protect yourself and your family.
Produce your own power. This one is not as difficult as it seems. Solar panels are pretty cheap these days and you can get some awesome inverters that you can use at home or some great battery-powered generator packs that you can use on the go or in case of an emergency. Wind power is also very affordable, many people just don’t think about it. You can get a small 400-800W wind turbine for your home that can help in cases where solar may fail. Using small, modular setups, vs huge rigs that you have to have professionally installed can help you get around the power mafia, I mean power company.
Life Is More Than Making Money
For me, I have been cashing out a lot of my assets, unfortunately, a lot for bills, but some to buy hard assets, or what I like to call real currency. I am not talking about silver and gold either. I am talking about emergency food, water filtration supplies, seeds, plant growing products, batteries, solar panels, vodka, weed, and most importantly… bullets…
Much of this I can use in my everyday life or in emergency situations. Living the life of a digital nomad, where you don’t always have a nice comfy place, you have to learn to be resourceful and purchase the things that are needed for real life. Sure having stacks of crypto is nice, but if it is not enough to make me a significant amount of income, I would rather use it to get something that I can use to live.
Crypto, to me, is an income engine, and monetary saving. It’s a great way to get out of the traditional system, provided you are using the right tools and services. It has wonderful uses on that end of things. But, for some, it is more important to have the things we need money to buy. Because you never know when shit will hit the fan and I would rather have the things I need versus having to deal with cashing out in an emergency from crypto to fiat, or to gift cards, then finding the items I need to survive.
So be smart and make sure your cabinets are full, your family’s needs are taken care of, your gas tank is full, and you have the tools you need to get more of all of what you need, before you worry about trying to have the biggest bags in crypto, lol. Just saying, it’s really time to think about priorities. The economy sucks, and our so-called leaders are killing it. So it’s time we step up and say ENOUGH!
Nothing said is financial advise.
This is for educational and recreational purposes only!
Stay safe in these volatile markets and don’t get rekt!
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