This past year have been a weird year for everyone. First came the mass media panic from COVID-19 situation in China. Then came the shutdown announcement from the Governments around the world which caused a quick stock and crypto market crash in mid March. To prop up the market, and to save the "economy" the central banks around the world have been running their fiat currency printers non stop, claiming that it is to "stimulate" the economy and help the average citizen make ends meet.
These stupid blue surgical masks have become a world phenomenon for sure.
All this fresh new Dollar/Euro/Yen/Yuan in the world is just keeping the everything bubble going. US stock market index S&P and DOW both hit another all time on Monday of this week. The crypto currency market hit $2 trillion market cap for the first time ever on the same day with Bitcoin hovering near it's all time high and Ethereum hitting it's all time high. Everything seems fine and dandy right?
Ethereum's run up have been a big surprise for me.
Well, don't get too excited just yet because the problem here is that everything is priced out in USD. What is one US dollar worth if a huge percentage of it was printed out of thin air in the past year?
This is why everything is going to cost more in the next few years. People are running to equity and crypto to save their purchasing power. Commodity prices are just lagging behind since they usually can't be purchased instantly like stocks and crypto. I'm already seeing prices of scrap shredded steel prices more than double in less than a year. Everything is about to get expensive in terms of dollar pretty soon.
If you want to protect your assets, it's pretty simple. Just don't carry any USD(or any other fiat) balance and buy into equity, crypto, real estate, collectible, precious metal, etc. IMO, they are trying to crash the fiat into the ground. There are some conspiracy theories on why they would do that but I will leave that for some other post.