Fed rate increase = lower hifi prices?


Will the recent rate hike meant to slow down the economy result in lower hifi prices?  Seems everything shot up during Covid. Will we now see some relief?

bigtex22

Showing 3 responses by retiredfarmer

Nazi Germany printed money to pay the war  reparations

The bill was not tied to gold British pounds,french francs or us dollars it was only in there own currency. So they printed money like crazy and paid with worthless colored paper. During corvid 19  the world Bank's almost all of them increased the money supply for the same basic excuse in every country. Even though debt is referenced back to other currencies they all did the same thing. The end result is not higher prices it is in fact lower value of the national currency. This was very obvious what was going to happen to the value of the dollar to anyone who has read rise and fall of the third Reich. Within the first two months of the pandemic I knew what the outcome as far as money value was going to be and brought hard assets real estate gold and silver. I didn't want any amount of cash on hand as I was sure this was on its way. I personally feel like we are in the equivalent to 1973 when OPEC was formed. We are at the beginning of hyper inflation. In 1973 a guy could buy a basic Chevy work truck for three thousand dollars in Canada by 1983 that same truck with a different front clip but the same four speed same 350 same frame same rearend was 12000 so in ten years the price of a pickup went up four times. Housing here went up five to six times here farmland went up seven times. Gold Price in 1972 was 65 dollars by 1982 it was 440 dollars all I say is hang on the ride is looking like it will be a wild one. 

@soix  well we can ask you a few questions on something I might have an idea about. First off do you know how many days worth of food supply the world has at any given time? Do you know how big of percentage of the food supply comes from the Ukraine? Do you know how many countries are net food exporters? When you answer those you will understand what a big deal it is if there is a crop disruption in the Ukraine. There is a difference in not being able to afford gas and not being able to buy food. People are so far past even thinking that there food doesn't get made in the super market it is scary.  Now secondly if I am so simple what percentage did your net worth rise the last two year? 

 

Regards