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Topic: High inflation is causing GLOBAL protests - page 12. (Read 5093 times)

hero member
Activity: 1974
Merit: 775
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This is a list of countries where demonstrations have been announced. I can assure you that many other countries suffer from manifestations on an almost daily basis and a rise in social demands as a result of policies resulting from currency inflation. Some may think that the Ukrainian war is the reason, but in my opinion, it is the last reason. Whoever watches the situation in Lebanon and many other countries can notice that it is not related to modern factors, and despite this we do not find them on this list.
Yes, and there are also those countries which are in the middle of the process, that is on the stage things aren't out of control yet, so the population isn't concerned about what is going to happen next. Governments have been running ponzi schemes for too long. Sometimes temporary solutions are created to make these schemes continue working (the called economic plans), so government buy more time, but inevitably they can't fix the economical issues of the modern society without touching the ones who are at the top of the pyramid. And actually, governments are never going to do this, because they want the support of the people at the top for their respective parties and plans to continue ruling the country.
hero member
Activity: 2296
Merit: 757
This is a list of countries where demonstrations have been announced. I can assure you that many other countries suffer from manifestations on an almost daily basis and a rise in social demands as a result of policies resulting from currency inflation. Some may think that the Ukrainian war is the reason, but in my opinion, it is the last reason. Whoever watches the situation in Lebanon and many other countries can notice that it is not related to modern factors, and despite this we do not find them on this list.
legendary
Activity: 3388
Merit: 1943
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What did people expect to happen when politicians and corrupt medical experts exploited the economy to serve their hidden agendas during the Covid Lockdowns. Most people says "natural immunity" was the solution to the pandemic and not a total lockdown. The total lockdowns only extended the painful ending of the pandemic.

The only people who benefited from those lockdowns were the politicians. They got bribes and the economy suffered as a result... small businesses with little of zero cashflow had to close their doors. This in turn increased unemployment and less tax income for those same politicians.
legendary
Activity: 2730
Merit: 1512
Lets roll back and talk about 2022, the things that the world faced in 2022 :

War
Pandemic

Both of these together are the most awful combinations as well and then we have a massive decline in sources like grains and also oil this the prices will ofcourse rise which also means that, government cannot just sit down and try and do their best because at the end of the day, they cannot control these things, only to an extent, in the USA people were given so much money due to the pandemic now the situation is still terrible is it not ?

They should have definitely handled it better but they cannot just take away all the negative waves from these things.

The war and the pandemic contributed to inflation such that they caused the most irresponsible fiscal policy seen in modern history. Most developed countries locked down their economies and provided stimulation through money printing which caused the foreseeable result of inflation.

The pandemic/war would have caused supply chain issues due to low supply and high demand, but the prices would eventually stabilize once the supply normalized. Government induced inflation by virtue of money printing will cause permanent price increases irrespective of the supply chain logistics. Once the money is injected into the economy, it will be there forever.
hero member
Activity: 1820
Merit: 537
Most countries are suffering from the inflation crisis. We're all hardly affected by the pandemic which has a huge impact on our economic condition. Even the war between Ukraine and Russia has something to do with this increasing inflation rate. There are also corrupt government officials that ruin the economic condition of a country. Negative events also influence the economy. I think the inflation rate will continue to strike higher and we can't do anything about it but to survive.
hero member
Activity: 1643
Merit: 683
LoyceV on the road. Or couch.
They are protesting against a group of non-elected people who are in charge of the monetary system.
This, in my opinion, is the main problem. Central banks have far too much power, they seem to decide on their own what they're going to do, and nobody holds them accountable for the problems they create.
legendary
Activity: 3052
Merit: 1382
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Perhaps right now the protests are due to similar things, but situations can differ and we should remember that. Sometimes protests are related to political events (like Maidan in Ukraine in 2013-2014). Sometimes it's related to ethical-political matters (Black lives matter, UK protests against Rwanda deportations). And, of course, there are countries that have major economic issues but where people don't take the issues onto the streets.
My country is Ukraine, and we're big on protests, but usually on political ones, not economic ones. That's because when we have bad economic situations, there are big objective reasons that explain them, so the government it's really blamed. I can see inflation hitting our local fiat already, but nobody's going to protest against high prices and inflation or low minimum wage now because, you know, there's a war going on.
sr. member
Activity: 2296
Merit: 332
The political instability of the world is the major reason that inflation is still on the increase. Ukraine is ongoing in the crisis and they are one of the biggest producer and exporter of wheat that is used to make different household food including the most popular which is bread. This product because it is not available like it used to be is having the effect of scarce commodity and therefore causing inflation to its chain of byproducts. If instability continue then it will keep increasing inflation. Production of oil is part of the problem likewise.
copper member
Activity: 2688
Merit: 1145
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In Philippines, You can see bunch of post like this all the time no matter who’s the president regardless of which side of the party. But knowing that issue is already global makes it even more scarier because people here that against the government will surely use this for negative campaign.

Anyway Government can’t do anything about this because world bank debt and fiat unli print is the main reason why we are all this messed.
hero member
Activity: 1806
Merit: 554
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The impact of inflation will be felt even if it only exists in the US. Then other countries will feel the same. Moreover, every country is experiencing similar conditions that lead to chaos everywhere. In some cases, inflation in each country did not end well, everything became chaotic and it was difficult to reorganize the government system. We've seen plenty of examples of this lately, and as usual, this year has been in turmoil.
The number of countries you mentioned, indicates the government's failure to tackle inflation. Surviving in the midst of a price condition that seems as if the price of bran becomes unaffordable, basic needs increase, and unemployment which is also beaten down by mass layoffs completes that every country must have alternative finance. El Salvador with Bitcoin payments was born when inflation was beyond repair. Isn't that one of the factors that become a reference for every country? provide anticipation before all the chaos occurs.
hero member
Activity: 1064
Merit: 635
A few months ago, the government has changed in Pakistan and the new government increased the price of almost everything, not just oil and electricity. And in the video, folks are protesting against the electricity price increase and burning the electricity bill, and saying "We are not going to pay it you dogs"  Cheesy
legendary
Activity: 2002
Merit: 1271
We all know that the current financial system based on centrally controlled fiat currencies has its flaws. We go through booms and busts. After the economic problems caused by the COVID pandemic and the instability generated by the international conflicts we should expect recessions, even depressions and possibly civil wars (we already have military wars *ukraine and pressure is on Taiwan as well)

Thanks for documenting the tweets, but something tells me this is just the beginning. People in developed are facing difficulties with keeping up their lifestyle. Think about the third world countries where wages are exponentially smaller. Let's not forget that the winter hasn't come yet. That's when most of the casualties happen.
The correct remark, in the autumn-winter period, everything can become much aggravated. When the heating season comes, this will be a big test for many countries. Also, in addition to this, the inflation rate may continue to rise, which will exacerbate the situation of the poor. Add to this the food crisis and one can only imagine what it all can lead to.
legendary
Activity: 2870
Merit: 1794
Protesting against inflation is like protesting against the weather. It's totally pointless.
Can the protesters force the central banks to stop printing money? Nope.
Can the protesters stop the war in Ukraine and change the hostile relations between Russia and the western world(which leads to high fuel prices)? Nope.
The protesters want government support, which will lead to more government debts and bigger budget deficits(which will make the inflation worse). Some protesters even want fixed prices or controlled prices. Those people don't know how market economy works. Fixed prices will cause big shortages of goods and a possible black market.
The only way to survive the inflation is to make more money and cut all unnecessary costs.


They are protesting NOT against inflation, but its effects.

They are protesting because they can't afford to buy food, if there was food left on the shelves.

They are protesting because fuel prices are unaffordable, if there are fuel left to buy.

They are protesting against a group of non-elected people who are in charge of the monetary system.

In what region of the world are you? If you can say that the protests are "pointless", then you are lucky to still have enough food, fuel, and affordable living conditions. Do you actually believe those people will be on the streets if they were living comfortably?
legendary
Activity: 2604
Merit: 1171
All around the different regions/parts of the world, they have the same issue that's causing mass protests. It's HIGH INFLATION, HIGH FUEL PRICES, HIGH FOOD PRICES, HIGH COSTS OF LIVING, AND LOW MINIMUM WAGE.

That's what happens if a non-elected cabal is made to have control over the money supply. Look at this list. Start researching about your country's central bank policies, read the news, and know if your country is about to have, or is currently having high inflation. Because your country could be next for a mass protest.

If you think cryptocurrency is a magic bullet to any of those issues you are sadly mistaken. We had 10 years of relative stability before Covid struck and we really took it for granted, after the global pandemic shut down massive supply chains (and continues to do so) it caused all sorts of problems that lead to this inflation. On top of that Putin declared war on Ukraine for no reason and brought war back to Europe for the first time in over 70 years. All these major disruptions have trickled down and affected the poorest countries the hardest, while even very developed countries are struggling to make sense of it. However we have yet to see a true recession hit and it seems politicians are intent on pushing it back as long as possible, which might just end up making it larger and more dangerous.
legendary
Activity: 2828
Merit: 6108
Jambler.io

If your source is Twitter, then grab a shovel and start digging your bunker behind the house cause aliens are coming.

I was quite curious about those protests, especially since I'm from Europe, I read the news and since the weather really didn't match, and guess what:

https://www.reuters.com/article/factcheck-italy-protest-idUSL1N2YO22W


This is a protest from 2019 and it's against the compromise with Bulgaria over the Bulgarian minority and language
https://www.rferl.org/a/macedonia-bulgaria-eu-france/31928792.html

Video from 2015 and from Belgium:
https://www.dailymail.co.uk/news/article-3225155/Thousands-dairy-farmers-set-light-haystacks-spray-police-hay-eggs-furious-protests-outside-EU-headquarters-Brussels-low-price-produce.html


 COVID-19 vaccine mandates protest.

Seriously, with just a few that I've checked being fake videos from a decade or so ago, lock this topic, it's an insult to anyone who spends two seconds researching what an army of bots from mordor spams the net as real news.



hero member
Activity: 2744
Merit: 575
Lets roll back and talk about 2022, the things that the world faced in 2022 :

War
Pandemic

Both of these together are the most awful combinations as well
These two factors are to blame for the fall of Sri Lanka and yeah, majority of the countries that still haven't recovered fully are due to these crises.

and then we have a massive decline in sources like grains and also oil this the prices will ofcourse rise which also means that, government cannot just sit down and try and do their best because at the end of the day, they cannot control these things, only to an extent, in the USA people were given so much money due to the pandemic now the situation is still terrible is it not ?

They should have definitely handled it better but they cannot just take away all the negative waves from these things.
That printing of money also contributed to that inflation but for US, they've made something to counter it at least like increasing interest rates. But those countries that have been badly affected by it are still suffering.

And on EU, it's not just all about inflation but also the catastrophe of heat wave.
hero member
Activity: 1540
Merit: 722
Leading Crypto Sports Betting & Casino Platform
I believe the links are much more than this and there are still other countries where people are protesting because of the inflation rate and maybe due to the lack of news we don't know about them. Because if you check the countries on the list you can see the protests are happening in the developed countries even in the countries with a good economic situation. So there is the worst situation in other countries where they had no strong economic power. The inflation rate we increasing all the time but recently we can see much more food crises compared to the last years and months.
hero member
Activity: 2912
Merit: 900
Protesting against inflation is like protesting against the weather. It's totally pointless.
Can the protesters force the central banks to stop printing money? Nope.
Can the protesters stop the war in Ukraine and change the hostile relations between Russia and the western world(which leads to high fuel prices)? Nope.
The protesters want government support, which will lead to more government debts and bigger budget deficits(which will make the inflation worse). Some protesters even want fixed prices or controlled prices. Those people don't know how market economy works. Fixed prices will cause big shortages of goods and a possible black market.
The only way to survive the inflation is to make more money and cut all unnecessary costs.
legendary
Activity: 1232
Merit: 1888
Structural inflation isn't in the interest of the average citizen, and it's forced upon us by central banks.
It's the main reason I'm into Bitcoin: I believe money should be scarce to be valuable.

In this respect, I am a great believer in Gresham's law: I want money that is not scarce to spend and money as a store of value to save. I doubt very much that we will ever see a society with a scarce currency, which tends to appreciate, for everyday payments.What is scarce and goes up in price is more of an investment.
legendary
Activity: 2870
Merit: 1794
Structural inflation isn't in the interest of the average citizen, and it's forced upon us by central banks.
It's the main reason I'm into Bitcoin: I believe money should be scarce to be valuable.


Or currency issuance should be known, transparent, and predictable like Bitcoin's issuance. Everything is already known from the first day the protocol went online, and if important changes are made in the protocol, it must go through the community first, not by a centralized entity. Shaolinfry's UASF/BIP-148 was the first illustration of the community's power over the cartel of miners, https://bitcointalksearch.org/topic/moving-towards-user-activated-soft-fork-activation-1805060
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