If I have the sats and that's ALL I have (I have no fiat whatsoever) and you HAVE a sandwhich...

And I'm hungry enough I WILL trade the sats for a sandwhich.

It doesn't matter if I think the Sats are "going up" what am I going to do, not eat?

Technology is deflationary. TVs Computers Phones etc get cheaper almost every year but somehow "noone buys them" and "noone consumes them" "because they'll be cheaper next year..." so "everyone waits..."

It's total BS. That's not what actually happens and it's not how people act. People want stuff NOW even if they think it will be cheaper "next year" they don't care they want the computer or electronics now because life isn't forever.

Why the hell do people do their Christmas shopping 'now'... if they could just wait till "next year" and do their Christmas shopping when electronics are "cheaper?" All the stores are full of people around Christmas.

And worse all the inflation does is create and worsen inequality... because people complain about "high prices" when all that happens is their fiat loses value.