Hawaiian

Try this:

Who is to blame for today's high inflation rate? Biden supporters blame Trump and Trump supporters blame Biden. Here is one well know economist's explanation: https://news.stanford.edu/2022/09/06/what-causes-inflation/

Thank you for letting us know how untrustworthy China is.

Feel free to elaborate on the rest of the story. And while you are at it tell us more about the independence of the federal reserve, which by the way I did not mention.

As Paul Harvey used to say, "Now for the rest of the story." Yes, Trump was responsible for doling out a lot of free money believing it would help relieve the stresses brought on by Covid and avert a major financial crisis. It helped many Americans and businesses stave off financial ruin. Because time was of the essence a lot of money went to the wrong people. On the other hand, Biden in his bid to keep him and his party in power is continuing the spending spree which has just added fuel to the inflation fire. Cancellation of student loan debt is not a national emergency. Neither is the Green New Deal. These two programs will surely cost more than what the Covid rescue package cost.

Bingo! You hit the nail on the head. The rise in interest rates means more printing of money to service the debt. If the dollar were not the chief reserve currency of the world this would not be possible. So far China has not been able to replace the dollar with the yuan. Distrust of China has been growing so most countries don't want to abandon the dollar.

As Paul Harvey used to say, "Now for the rest of the story." Yes, Trump was responsible for doling out a lot of free money believing it would help relieve the stresses brought on by Covid and avert a major financial crisis. It helped many Americans and businesses stave off financial ruin. Because time was of the essence a lot of money went to the wrong people. On the other hand, Biden in his bid to keep him and his party in power is continuing the spending spree which has just added fuel to the inflation fire. Cancellation of student loan debt is not a national emergency. Neither is the Green New Deal. These two programs will surely cost more than what the Covid rescue package cost.

There are many online videos claiming that China has not engaged in debt trap diplomacy. Call it anything you want, the fact remains that the roughly one trillion dollars China has loaned to debt strapped countries is causing serious economic problems not only for the borrowers, but also for the worlds biggest lender. The Chinese economy is already suffering from the world largest real estate crisis and now defaulting loans are creating another crisis for Chinese banks. The video "China Won't Rule the World" at https://www.youtube.com/watch?v=tw-NrqYdDT8 shows why China is most likely heading to a recession.

Caveat: Only speak when spoken to.

I bought high end gold coins five years ago. Most of them are up 75 to 100% and will continue to appreciate no matter what gold does because they are collectors items.

This is a rational explanation of the inflation issue: https://www.profolus.com/topics/causes-of-the-2021-2022-global-inflation-surge/?utm

I agree with you. There are multiple reasons for worldwide inflation, including rising prices in Thailand. Supply chain issues caused by the pandemic created shortages which resulted in steep rises in the commodity markets. The invasion of Ukraine which interrupted grain and fertilizer shipments also caused more shortages and inflation. There were already shortages before sanctions by the West. They only created more shortages. Simply put, there is no one single cause for this inflation. Caveat: Never argue with people that are always right even when they are wrong.