When you know, you know

Stop comparing fiat to fiat
Compare fiat to real assets with real value
>Central banks need dollars to stay afloat
>Central banks can print as much as they like because they need dollars to stay afloat
>companies with debth so high they need growth just to stay afloat hold too much dollar and even though their cash on hand is far less than their debth they need the dollar to stay afloat
>Wealthy people that have most of their networth in assets and massively profit from inflation surpressed wages hold too much dollar, they need a strong dollar to stay afloat
LoL

The vast majority of central banks hold more bonds aka. dollars than gold. International companies need dollar to service their massive debts. Wealthy people hold assets in these companies. This allows the FED to print more money than the rest of the world without devaluating the dollar. If there is another solvency crisis like what happened in March companies and fund managers will sell assets at a discount to get more dollar.

>But measured in real things that have value or that you actually need to buy like bread, meat
No one uses their savings to buy food and other basic goods. Historically even Weimar-tier inflation doesn't prevent one from eating since 1) manufacturing of food is increasingly cheap and 2) wages are immediately spent on said basic goods. By contrast, there are many trillions in private debts out there, between houses, financed expensive/luxury goods, and corporate debts.
But neglecting fiat-to-fiat neglects a large factor of currency manipulation in markets. The second obvious alternative to inflating away debt is to simply go full post-80s-boom Japan QE-mode, which has been working for decades now. As long as private debts are high enough, the public debt-to-GDP ratio becomes less important.

Central banks dont buy bonds to profit from it, they do so to get the freshly printed fiat out
They dont care at all if they get paid back, its nothing for them, its not like they could go bankrupt lol
The bond purchases are just hidden printing because even the most damp peasants would realize they print like crazy if the central banks would just deliver fresh notes to the governments and big corp without getting something in return
What they do is stack gold en masse because they dont fall for their own bullshit
>This allows the FED to print more money than the rest of the world without devaluating the dollar
Compared to other fiats but not compared to real stuff

>even Weimar-tier inflation doesn't prevent one from eating
Except you couldn't be more WRONG about that. It's like you didn't even bother to look anything up and just pulled ideas straight out of your ass

en.wikipedia.org/wiki/Weimar_Republic#Burden_from_the_First_World_War

>the situation for German civilians remained dire. The severe food shortages improved little to none up until 1923. Many German civilians expected life to return to prewar normalcy following the removal of the naval blockade in June 1919. Instead, the struggles induced by the First World War persisted for the decade following. Throughout the war German officials made rash decisions to combat the growing hunger of the nation, most of which were highly unsuccessful.

>In 1922, now three years after the German signing of the Treaty of Versailles, meat consumption in the country had not increased since the war era. 22 kg per person per year was still less than half of the 52 kg statistic in 1913, before the onset of the war. German citizens felt the food shortages even deeper than during the war, because the reality of the nation contrasted so starkly with their expectations. The burdens of the First World War lightened little in the immediate years following, and with the onset of the Treaty of Versailles, coupled by mass inflation, Germany still remained in a crisis.

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>22 kg per person per year was still less than half of the 52 kg statistic in 1913
Their quality of life went down but only the absolute bottom faced any kind of starvation, and what they did face was largely due to French blockades/confiscation. And keep in mind that Weimar is the absolute worst case scenario. If we had Carter-era stagflation we wouldn't even have a recession.

You're an actual retard oh wow

>No one uses their savings to buy food and other basic goods. Historically even Weimar-tier inflation doesn't prevent one from eating
Good goy!

>Japan QE-mode, which has been working for decades now
>As long as private debts are high enough, the public debt-to-GDP ratio becomes less important.
Good goy!

>only the absolute bottom faced any kind of starvation
You seem quite sure about that, did your uncle work at Weimar or something?

the duality of man

Solvency crisis first, dollar crisis later this decade

Explain this for a brainlet.. is it a good time to pick up a 30 yr mortgage?
All the QE will lead to inflation, mortgage payments in 10 years will feel like nothing.

I can't really think of any situation where a 30-yr fixed rate mortgage would be bad, assuming of course you can make the payments reliably.

Fed will never let the bond market crash, they can't, they know everything would crash if that happened because the economy can't even handle >1% interest rates, let alone 10-20% if they allowed real price discovery to happen.

They have no choice but to print into oblivion at this point, knowing inflation will come. The powers that be are trying to do this in a way where it seems structured and planned and even good for people. World Economic Forum and all the global elites are already literally referring to this as "The Great Reset"

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>is it a good time to pick up a 30 yr mortgage?
Rent/mortgage moratoriums are beginning to end and we may have a short-term housing market correction. That being said, there are much worse risks out there assuming you're not living paycheck to paycheck.

>Fed will never let the bond market crash, they can't
Why not? They preferred that over letting the dollar crash back in the 1930s.

>Value of all fiat currencies is going to go down substantially this decade.
The value of NO fiat currencies is going to go down substantially, then. These currencies are all valued in terms of each other. A complete drop is meaningless, as it a complete rise. Pick winners and losers or you're just making noise.

Do you even understand what inflation is? Read it again

The relative value of fiat currencies to each other could easily stay roughly the same, while at the same time the amount of fiat currency you need to buy the actual real things you need will go up.

I don't care if this is Zig Forums, this should not be difficult to understand, I refuse to believe anyone is that retarded

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ZH is like the fucker standing on the corner in NYC screaming world ends in 2012
Eventually you’ll call the recession if you call it every fucking day

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You don't compare fiat currencies against one another when measuring inflation, you compare single fiat currencies against commodities and necessities. Food, housing, medical care, or if you're lazy just gold or bitcoin.

>inflation exists in a vacuum
Peak goldbug midwit

Inflation even as it is indexed today is not that simple. There's no reason that a universal currency inflation (which is practically the equivalent of a universal debt forgiveness) would inflate debt-associated assets in the same way they would inflate manufactures.

switch off the tv fucking npc
youtube.com/watch?v=-xVufYXaGg8