Topic: Currencies are Collapsing Everywhere. - page 3. (Read 890 times)

Alright, everyone know fiat will collapse due to high inflation, but does everyone stop using fiat money? nope. Actually you don't have any choice and the government will force everyone to use fiat since every marketplace and stores accept fiat, not Bitcoin. Only few countries that make Bitcoin as a legal tender is accepting Bitcoin as a currency.

Don't over hate against fiat money if you're still use it, if you can prove everyone you can life without fiat especially where Bitcoin is got banned on that's country, you can prove it here.

True, however governments always believe they have mastered the ability to print as much money as they want with no consequences for themselves and the currencies they print.

It is only when they begin to see the effects of inflation when they realize that maybe they are not as smart as they thought they were, but by the time they do this they are already on a path from which there is no escape and in which they will have to keep printing more and more money just to keep themselves afloat, until one day it is too much for the system to bear and we see a collapse of fiat currencies all over the world.

Inflation can continue if  Fed raises interest rates again, the world will be threatened with starvation, small countries collapse because they have to survive,
Here I hope the government can provide the best solution in addressing the impact of this inflation, maybe like ur say

Inflation are the "Currency killer" in the current global market... and governments can do whatever they want to manipulate it, it just comes back and eat the value of the currencies. You can only rise or lower interest rates and print "toilet paper" money for so long, before everything comes apart.

Our global economy are being bombarded from all sides, with Covid and Monkey viruses and also the Russia/Ukrainian conflict... and it's drawing blood from the Milk cow at an incredible rate. (Sooner or later the cow will die)

Of course the paper money system is a lot of weaknesses, no matter how strong control from the country will not be able to control inflation or decline Hal, but after 13 years now the goods I bought rose more than 400%.

During what I'm experiencing right now, where the high inflation rate is not proportional to the salary increase, even the salary does not increase, even then I can still be grateful, because many of our friends have experienced layoffs due to the increasingly difficult company situation. therefore we need to follow technological developments to get other sources of income, currently many online businesses are developing, because if it is to regulate inflation rates and global economic developments, it is not our domain.

The issue is that while this is the ideal that central banks strive for, it never happens, if we had a very long period in which the inflation was that low then you may have a point, but roughly each decade there is an economic crisis and the levels of inflation become higher than that, and it is fair to question us how long will high inflation last this time around? As even a few years of double digit inflation can be more than enough for a lot of people to lose a great deal of their wealth as their money is not invested in a store of value, and that is assuming inflation comes under control relatively soon which is a scenario which does not seem that likely right now.

Inflation is a good thing normally, in a small amount because that means you are growing as a nation and you should be growing. When you get like 2% inflation rate stable for decades without ever going above or below it, that means you are growing and you could get that much increase on your salary as well, plus some promotions time to time (not every year but hopefully every 5 years at worst case) and that means you are going to increase a lot more during those years, all of which equals to you becoming richer and richer.

But, when you have 10%+ inflation and 5% increase on your salary, there isn't really an increase, it’s a drop, and people need to realize that, and this causes us to get worse.

The occurrence of inflation also has causes and effects basically because inflation will not just happen without any cause and one of them is what you say. But to deal with it by returning to using gold and silver at this time is a bit difficult in my opinion because generally everyone still uses paper money to do the necessary shopping even though the price of goods has started to increase and the value of the currency has started to decline.

And in my opinion a more effective way to deal with this inflation problem is to lower the price of basic goods or raw goods so that the cost of producing goods or the cost of processing finished goods decreases which in the end the price of goods that are finished and ready to be consumed by everyone is no longer expensive.

More or less bitcoin has something to do with the economy that’s failing in centralised way. Obviously we can’t put all the credits ( ) to bitcoin because it’s still flourishing and putting its efforts to grow all over the world. With the bitcoins decentralised monetary system huge sum of money is now vanished in the world of crypto space and thus it just sown the seed of instability amongst traditional banking system. Peeps now know that they don’t need banks all the time to save up money, they can do with alternate ways too.

However, as we passed pandemic and on going war, everything seems to be crumbling upon itself in terms of financial management.

As the inflation will grow ultimately dollar index will rise because most of the developing countries will loose lot of value in the process as they could not tackle the inflation.

There are 2 exchange rates in Russia: official and real. If the exchange rate of the Central Bank is 60 rubles per dollar, then you can actually buy a dollar for 68-70 rubles. And so with many currencies, although the main currencies are the dollar and the euro. Many economists say that the price of the ruble will fall by the end of the year because it is unprofitable for the economy.

the war will accelerate inflation, especially for European countries that are experiencing an energy crisis. the longer the fiat currency seems to have no price, therefore of course later when conditions have peaked something new will emerge to overcome the problem of fiat currency if it is deemed no longer relevant. but for now I think fiat currency still has the trust of the government, so the government still prohibits the use of other alternative currencies

Is this a new alt of Polo7 and the rest of the usernames I can't recall at the moment?  The writing style and content look very much like it is--and I'm sure as soon as people tune out to Editbar, there's going to be another account popping up in the Economics section spouting the same stuff.  OP, your response?

That may well be true, but I don't think either one of us is going to have to worry about the entire fiat system (and I'm talking globally) collapsing in our lifetime.  I've been hearing predictions to that effect for years now, and I'm sure such predictions were being made well before I was born.

I don't know if things were better on the gold standard or not, but it doesn't seem like there's any way to go back to something like that, where money is backed by something more valuable than a country's word or the size of their military, if you know what I mean.  Then again, nothing is backing bitcoin and it's a form of money, an asset, and a store of value....so who knows?

If CBDCs become the norm and the government has unrestricted access to everyone's financial records, that's just one step closer to the world becoming a dystopian pit of misery straight out of George Orwell's imagination.

Unfortunately, currencies are usually mirrors of a nation's economy. If a currency collapses, it is only a reflection of the state of the union.

It is common for the majority to inadvertently support things which are bad for their own job markets, economy and standard of living. Which means that the biggest gains and improvements can be made by average and ordinary people making a bare minimum effort to follow current events and be better informed. To an extent, we are seeing this occur. Public consciousness has improved by leaps and bounds since the Trump vs Hillary race in 2016.

People appear to be evolving. Becoming better informed and more knowledgeable all of the time. Part of this has to do with the majority not paying much attention to politics in previous years. Once people felt forced to follow politics and current events more closely by the global pandemic and similar trends. They began to learn at an accelerated rate.

While our situation may not be ideal. At least we might find hope in the trend of people learning and becoming more mindful about how politics can affect their daily lives. People are definitely becoming smarter and more knowledgeable on the economy, finance and similar topics. In that sense perhaps we will witness linear improvement.

Inflation is very bad and I think most countries are experiencing their worst cases that has happened before 20 years ago which I hope should have all by now recovering but we all know there is a war ongoing that the other parts of countries have neglected, the FED is also part of the whole stuffs but politics aside, Russian currency has been getting some values over US, that will be at advantage for them to pay back their debt as if they stole it from them.

I think after this global recession, I’m very certain that country like mine will want to remove a certain currency out of the circulation, because those kind of currencies wouldn’t be able to buy anything again in the country.

But if you are going to invest in the stock market, you need familiarity what stocks are worth investing long term.
In that case, you need to understand also their market performance throughout the years and their possible future.


Diversification of your funds, will help you keep afloat during this high inflation.
And one is investing in gold and other valuable metals. You can also take a look in real estate properties.
Because if you think the price of gold is not really increasing, real estate however, continues to increase over the years.

These days I saw some interviews with "our beloved" president and his minions! They are talking about Euro and if the EU doesn't act and let Euro go deeper my country and other satellite countries can suffer a lot. Inflation is already high here, things are getting more expensive on weekly basis... printing more money is probably the worst option, but is there anyone who thinks that politicians care about that?!

Well, I guess it's time to move from dollar and euro, probably a lot safer options are gold and Bitcoin! If the world chooses crypto it will be a real fiesta after the next halving!

the value of the currency continues to decline in value. even that happens continuously from year to year. not just when there is inflation. But now inflation is getting worse, so inflation makes the decline in value faster than usual. that's why storing the value of assets in fiat money is a risky thing if stored for a long time. we can see the decline in value from the price of gold. if 20 years ago gold was not as high as it is now. well now the price of gold really continues to increase albeit slowly. and it's not actually the gold price that has increased but the value of the currency has decreased. because the value of gold is still fixed. and the value of money decreases, it looks like the value of gold has increased. when in fact the value of the fiat is decreasing.

They are turning digital as well. They know that there are so many digital currencies right now but that didn't stop them from creating their own. I think they simply don't trust the others. Cbdc's are like a digitalize versions of fiat money so anyone who uses it are still in control of the government or banks.

For now only a few countries are doing this but I believe that the list can extend later on. I can see this as the next big trend here in the online world or in cryptos since they have some relation somehow. I don't think having a cbdc can be the solution of a collapsing currency of a country. They aren't the same as a crypto that has a limited supply.

It's quite common for high inflation regime. It effectively reduces the purchasing power of any currency. Imports become costlier, internal transportation cost increases and the same trend follows for the commodities. There are couple of ways to control it and central banks everywhere are taking actions accordingly.

Now I see some people are vouching for CBDC to control it but you need 5o understand that CBDC is just a digital version of the main currency so it's not helpful either. But this is the best time to enter into stock market for medium to long term.