> Never before has so much money been printed so quickly in a major economy (China printed _even more_ money by the way).

The Yuan is not a reserve currency and entirely out of scope of this conversation.

However, I strongly suggest you look at Japan's money supply, its debt levels and its actual inflation.

> So no, you can't "research" this, and your historical stuff and definitions won't be any good when hyperinflation arrives, which is what's about to happen.

Wait hold on, you're referencing historical trends including "hyperinflation" so remind me again why you can refer to history but I cannot? How would you know my definition won't be any good, for a fact, unless you're referencing a historical basis?

> You can already see it in the stock market and real estate.

Nah, an increase in asset prices isn't necessarily inflation, as 1 share of AAPL will buy you a lot more this year than it did last year. You have to compare it adjusted for inflation - not just shoot from the hip and say big number bad, and it must be the Fed! This is called a return on investment, and is generally what investors... want from an investment is it not?

Real estate is mostly a zoning issue, where city councils refuse to permit sufficient new construction to meet demand - and also a lot of demand chasing limited supply. This is a demand-pull increase in price, not one caused by an increase in money supply entirely - although a reduction in interest rates does allow a property substantially more expensive to be more affordable, too.

Some things will always be above CPI, some below - it's an average. Tech goods for instance keep getting cheaper and cheaper. The divide between below-CPI and above-CPI tends to, roughly, be "things that require human labor cost more now" and "things that don't cost less now." Like TVs.

> It's not like Google is worth twice as much as a year ago.

Why not? They actually made 63% more money in Q2 of 2021 as compared to Q2 of 2020 [1]. Combined with a lower cost of borrowing, high margin debt, and a shift in investor sentiment towards tech companies in our new work-from-home world, I'd say their valuation is actually quite fair.

> Where you don't see it is the bullshit metrics that the federal government pumps out to make themselves look good.

They publish their calculations and methods, and you're free to disagree but a blanked, un-backed, un-substantiated "it's bullshit because it doesn't align with my preconceived notions" is definitely insufficient.

> I mean, sure if you exclude all the things that get more expensive, you get "5% YoY", but you don't need to be a Nobel laureate to see that this figure is already bullshit as of today - you just need to go to a grocery store once.

Groceries aren't the sole component of the CPI. They're a contributor, but some things went up and some thing went down. Please use some rational thinking here. I suspect this a cost-push price increase due to supply chain issues.

> Au contraire. It _will_ almost certainly occur, though maybe not to the extent of Venezuela or Zimbabwe.

You said there's no historical basis so how can you be so sure? It seems like you just have a gut feeling of some sort and no backing for it.

> ...which is what Bill Gates and Black Rock seem to be doing. They certainly know something we don't.

Really? Bill Gates is buying up a ton of farmland, which is a productive asset, and something Buffett has advocated forever. As for Black Rock, I suspect they're betting that folks are willing to be long-term renters, but again, I think that's a function of zoning constraining supply and making housing inaccessible to more and more people. In Japan where they have national zoning rules, a new, 3-bedroom house in downtown Tokyo costs $300K USD, right around the cost of construction. Cost of construction in the US is about $150/sqft, and if you're paying more than that, it's the manifestation of an externality.

[1] https://www.statista.com/statistics/267606/quarterly-revenue...