Notice the collective. If the community of Monero of the collective decides that to pit their energy into number goes up, then it lost the plot. Even if the code is good, if a percentage of the population in the community is focused on one thing, it'll derail the whole thing.
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True. If people start talking about fiat NGU, this is an indication they haven't understood anything.
Monero is independent money and as such it is (probably) the only correct measurement of the state of fiat system (since gold and Bitcoin are neutered).
It's the (only) thing outside the system that can tell you about fiat NGL.
Price things in Monero and you'll recognize hyperinflation is already there. Will only accelerate from here.
Honestly, the tech doesn't care about the price action, but I get why people get twitchy. Our collective is building way cooler stuff than just chasing charts anyway.