Cryptocurrency: Your Enslavement Becomes Real at 0.20% per Annum

[grarpamp]

> The USA was already running 90x that, still sits at 15x
> that, and is laughably targeting a 10x that it will obviously
> never reach again, and hasn't hit except for a week in
> crash of 1986 (SGS-CPI-Alt1980), lol... Wake Up You SLAVES !

While Bitcoin and even Gold exist at lower rates since
years, the entire planet still choose to take Govt deep
in their ass like Juan chooses to take Pelosi's strapon.

https://www.visualcapitalist.com/mapped-which-countries-have-the-highest-inflation/

Mapped: Which Countries Have The Highest Inflation Rate?

Inflation is surging nearly everywhere in 2022.

Geopolitical tensions are triggering high energy costs, while
supply-side disruptions are also distorting consumer prices. The end
result is that almost half of countries worldwide are seeing
double-digit inflation rates or higher.

With new macroeconomic forces shaping the global economy, Visual
Capitalist's Dorothy Nuefeld shows, in the infographic below,
countries with the highest inflation rates, using data from Trading
Economics.

Double-Digit Inflation in 2022

As the table below shows, countless countries are navigating
record-high levels of inflation. Some are even facing triple-digit
inflation rates. Globally, Zimbabwe, Lebanon, and Venezuela have the
highest rates in the world.

*Inflation rates based on the latest available data.

As price pressures mount, 33 central banks tracked by the Bank of
International Settlements (out of a total of 38) have raised interest
rates this year. These coordinated rate hikes are the largest in two
decades, representing an end to an era of rock-bottom interest rates.

Going into 2023, central banks could continue this shift towards
hawkish policies as inflation remains aggressively high.
The Role of Energy Prices

Driven by the war in Ukraine, energy inflation is pushing up the cost
of living around the world.

Since October 2020, an index of global energy prices—made up of crude
oil, natural gas, coal, and propane—has increased drastically.

Compared to the 2021 average, natural gas prices in Europe are up
sixfold. Real European household electricity prices are up 78% and gas
prices have climbed even more, at 144% compared to 20-year averages.

Amid global competition for liquefied natural gas supplies, price
pressures are likely to stay high, even though they have fallen
recently. Other harmful consequences of the energy shock include price
volatility, economic strain, and energy shortages.

    “The world is in the midst of the first truly global energy
crisis, with impacts that will be felt for years to come”.

    -Fatih Birol, executive director of the IEA

Double-Digit Inflation: Will it Last?

If history is an example, taming rising prices could take at least a
few years yet.

Take the sky-high inflation of the 1980s. Italy, which managed to
combat inflation faster than most countries, brought down inflation
from 22% in 1980 to 4% in 1986.

If global inflation rates, which hover around 9.8% in 2022, were to
follow this course, it would take at least until 2025 for levels to
reach the 2% target.

It’s worth noting that inflation was also highly volatile over this
decade. Consider how inflation fell across much of the rich world by
1981 but shot up again in 1987 amid higher energy prices. Federal
Reserve chair Jerome Powell spoke to the volatility of inflation at
their November meeting, indicating that high inflation has a chance of
following a period of low inflation.

While the Federal Reserve projects U.S. inflation to fall closer to
its 2% target by 2024, the road ahead could still get a lot bumpier
between now and then.