Pages:
Author

Topic: High inflation is causing GLOBAL protests - page 3. (Read 5094 times)

hero member
Activity: 2016
Merit: 701
November 04, 2022, 03:34:55 AM
either you protest or fight with others for the inflation. At the end you have to take care of the food on your table because no one is going to help you.
So better don't waste time and find yourself financial freedom. That is it!
There is no need to protest or fight with others just for the sake of eradicating inflation. Because everyone only needs to provide evidence that inflation is a very painful thing for everyone, so the government is willing to open its eyes and minds to this so that inflation can be resolved more quickly.

Although not in a way that is so fast, but at least it can provide a little relief for the citizens or communities in their own country. Although everyone needs to seek financial freedom in different ways to continue to sustain life and be better than before.
hero member
Activity: 2016
Merit: 701
November 03, 2022, 05:44:42 AM
And for all this we have to be on the toes and earn more than our needs.
That is how we will be able to run with the inflation
I don't even understand what you mean by being alert and getting more than we need. Because vigilance lies in every calamity that occurs, while to get more needs, it happens through the efforts and smart work of each person. So what exactly are you trying to say here? Because I think that everyone's way of dealing with inflation is always different even though the goal is not much different, namely fighting inflation.
legendary
Activity: 2142
Merit: 1012
November 02, 2022, 07:59:31 PM
We also need to make preparations from now on. because we do not know when the ongoing global economic crisis will end. preparation can be done by changing the pattern of life to be more frugal. so you can still set aside money for savings. so that when inflation gets higher and causes a recession. then we are ready to face it because we have made preparations from the beginning.
The main danger of high inflation is that it eats up your savings and therefore the rate on accumulating savings for a long time no longer works. Also, in the case of high inflation, companies can no longer plan some things for a long time and will try to do such actions that will provide a large profit in a short time. Also, high inflation eats up the standard of living of citizens and citizens become poorer. Governments of states and citizens should change their actions, but unfortunately they do not have this experience and all this leads to social tension, and if the circumstances are unfortunate, to an explosion. Therefore, very difficult times are coming now and it is not known when there will be an improvement.
hero member
Activity: 2016
Merit: 701
November 02, 2022, 06:17:44 AM
Inflation is real and the discussion of the high prices and high rates are real. This is not going to change even in the coming days
The real way to combat inflation is the financial freedom. And to gain financial freedom you have to get out of your comfort zone and work really hard.
To get out of that comfort zone does not have to be judged by hard work, because now people who work smart must also be considered as a form of hard work even though they look very comfortable when working. So smart work is also part of the effort to fight inflation even if only for yourself because it is a pattern that does not benefit other people or many people.

Yes, you will have to work a little harder to achieve your own financial freedom, but you will also have to take care of your health. Without health, it doesn't matter how much money or assets you have. You will have to earn a steady income so that you don't succumb to inflation. This can be passive or active additional work you can do.
I agree with what you are saying because if a person works hard or works continuously without paying attention to his physical health, it is also very wrong because when he is sick, of course there are many costs that he must spend to become healthy again. That's why there is a saying that says "Health is expensive" because when a person starts to get sick it actually costs him a lot more than when he was healthy. So work smart not hard.
sr. member
Activity: 742
Merit: 392
November 02, 2022, 03:36:13 AM
Naturally, if global inflation becomes the beginning of a disaster, when inflation occurs in countries that have strong influences such as the USA, it is certain to have a broad and global impact, the price of food raw materials continues to increase and is difficult to stop so that we must always be vigilant.
We also need to make preparations from now on. because we do not know when the ongoing global economic crisis will end. preparation can be done by changing the pattern of life to be more frugal. so you can still set aside money for savings. so that when inflation gets higher and causes a recession. then we are ready to face it because we have made preparations from the beginning.
legendary
Activity: 3178
Merit: 1359
www.Crypto.Games: Multiple coins, multiple games
November 01, 2022, 09:28:48 PM
The Covid-19 pandemic has affected all countries. We are still suffering from it economically, if not as a disease. I don't think it is only in these countries, but in most countries there is high inflation and low income.
For example, even the war between Ukraine and Russia is affecting other countries right now.

The world's been a mess ever since the COVID-19 pandemic took us by surprise around 3 years ago. It seems that there are no signs of improvement as new strains/variants continue to appear like there's no tomorrow. Add to that the constant money printing from governments and the Russia-Ukraine war, and the end result is massive inflation over the global economy. Imagine if China decides to invade Taiwan in the middle of the crisis. It would make things worse in the long run.

Sadly, it seems to me this is the end of the world. Our economy is so deteriorated that it would be impossible to put it back to the way it was. Now with Putin making nuclear threats to Ukraine, it should only be a matter of time before everything turns into a disaster. Maybe there's still light at the end of the tunnel, but things look bleak right now to think about a bright future. Effectively, the rich will become richer, while the poor, poorer. Who knows what will happen next? Just my thoughts Grin
full member
Activity: 1162
Merit: 106
November 01, 2022, 02:44:51 AM
Naturally, if global inflation becomes the beginning of a disaster, when inflation occurs in countries that have strong influences such as the USA, it is certain to have a broad and global impact, the price of food raw materials continues to increase and is difficult to stop so that we must always be vigilant.
member
Activity: 84
Merit: 12
October 29, 2022, 09:09:11 PM
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.
especially the lower middle class economic community, they are very depressed because of inflation and regulations made by the central bank.
legendary
Activity: 2184
Merit: 1024
Vave.com - Crypto Casino
October 29, 2022, 07:30:14 PM
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.

...

It's funny that we don't see Türkiye here in this list, even though we have the highest inflation rate last year. Everything's price tripled over this short time period. Minimum wage is under starvation line and it's getting harder to live here every day. There is no real protest over the streets as we have a very strict government. It used to be protests all over the country but some group made a coup attempt and after that nothing was the same. People can't even talk freely. I don't know how long that will go on like that. We have elections next year but I'm not sure if it changes situation. It's hard to even slow inflation down, let alone stopping it which is impossible.
People are so overwhelmed that we can't even stand to see the news on TV anymore. I remember I have complained here before but the situation is getting worse and worse.

OP only listed some, not all countries, right now inflation is happening globally, i bet no country can avoid inflation today just the impact won't be the same. As far as I know, Turkey has an inflation rate of 80% and the Turkish government implements the opposite policy of other countries that the higher the inflation, the lower the interest rate. This is considered a completely opposite policy to most other countries to fight inflation and until now it has not worked. Hope they soon reconsider their anti-inflation policy to improve the country's economic situation.
hero member
Activity: 2338
Merit: 757
October 29, 2022, 07:30:05 PM
Naturally, if inflation can make anyone poor and the poor gets poorer, this is a serious problem so that many riots that start from the destruction of the economy, especially since the global economy is sluggish and threatened with recession so as to make domestic economic conditions become more difficult.
When we talk about manifestations and protests of a social nature, inflation is one of the main reasons due to the accompanying results that lead to:
- depreciation.
- An exorbitant increase in the prices of products and services.
- The deterioration of the purchasing power of low-income people.
- The disappearance of the middle class and the emergence of signs of social division.
And when the issue goes to the point of no return, it becomes difficult to treat inflation by addressing its causes, which leads to a social explosion. Perhaps this is not what decision makers seek every time, but the matter is exacerbated by the repeated delays.
hero member
Activity: 1260
Merit: 957
October 29, 2022, 07:11:15 PM
Do you know there are countries like Turkey where people are not allowed to protest.
I live in the democratic state and we protest a lot. There are so many protests I have seen - but these days my news feed are full of Indian and Pakistani people protesting for their rights - still there is no impact.
Hopefully you can also understand what I said earlier where basically I don't like to see protests and also don't like to protest any kind to the government.
Because it's an old-fashioned way that won't have any effect if it's only done in one day for one hour and you also said that before right? Now for a country like Turkey, it has long been applying rules to its citizens not to protest because the Turkish government has guaranteed welfare for its citizens so that citizens no longer have the right to protest and that is very different from many countries in this world.

Can you expand on the welfare part? I just want to hear how government guaranteed welfare for us Smiley I want to clarify first of all its not like the way you see Smiley Yes, protest number decreased on public area but people started to increase their voices on social media platform. It brought some law with it. And those are not on citizen side.
legendary
Activity: 2968
Merit: 1478
Rollbit.com Crypto Futures
October 29, 2022, 05:37:04 PM
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.

...

It's funny that we don't see Türkiye here in this list, even though we have the highest inflation rate last year. Everything's price tripled over this short time period. Minimum wage is under starvation line and it's getting harder to live here every day. There is no real protest over the streets as we have a very strict government. It used to be protests all over the country but some group made a coup attempt and after that nothing was the same. People can't even talk freely. I don't know how long that will go on like that. We have elections next year but I'm not sure if it changes situation. It's hard to even slow inflation down, let alone stopping it which is impossible.
People are so overwhelmed that we can't even stand to see the news on TV anymore. I remember I have complained here before but the situation is getting worse and worse.
jr. member
Activity: 126
Merit: 2
October 27, 2022, 08:03:53 PM
Of course, inflation caused world protests. Goods go up everywhere while the salary of the job is not enough, it definitely makes people frustrated. But I think over time, inflation will definitely continue to exist. Because the earth is old, and there are more and more people. Of course the prices of goods must be expensive, that's because of lack of materials. If the goods are cheap, will not get enough money.

If a lot of work and the pay is equal to the needs it will make everyone relieved. There are a lot of people who have jobs and it's not enough. If the salary goes up the same way, that's fine.
hero member
Activity: 2016
Merit: 701
October 27, 2022, 12:02:56 PM
I've also heard a saying like this, "every leader is a reflection of his people".
The problem is precisely here, the representation of leadership is actually very close to the reflection of the people, where they are elected based on the elections made. Don't expect the leader to be fair, uncorrupt and protect the people, if the voters don't understand what a leader is like.
Sometimes the mistakes of the leadership of a country are also caused by the subordinates used by the leadership of the country, so that it will also be associated with the leadership of the country, even though in general it is not the fault of the leader himself, but from his subordinates. And this is actually the task of the leader in nurturing his subordinates to do nothing wrong other than having to take care of his people with a thousand kinds of thoughts.
sr. member
Activity: 2590
Merit: 322
Undeads.com - P2E Runner Game
October 27, 2022, 08:51:00 AM
It's very amusing that when I started the topic, a lot of people didn't believe that inflation was truly coming. It's that, probably the situation wasn't just the same for the different regions around the globe, which made it look that the point of the topic is misunderstood. Inflation is coming if it has not arrived in your country yet, and it might not end until the war between Russia and Ukraine ends. Let's hope it will be soon.
Honestly the conflict between Russia and Ukraine has a devastating impact on the economy in my country just as you predicted, particularly the price of diesel had syrocketed, diesel which is the major fuel used by industries to power their generators as a result of epileptic power supply had forced the prices of products manufactured by those industries to increase thus causing high inflation, infact some of those industries had to shut down operations lay off their workers rising from high cost of production, wheat which is another raw material usually imported from Ukraine by Flour industries for bread baking has not been available thus forcing it importers to seek alternative but much more expensive means consequently bread a staple food is now very expensive.
hero member
Activity: 1526
Merit: 876
October 26, 2022, 01:01:03 PM
Governments generally have nothing against protests if they are not violent and do not block key roads. There is no question at all that people are dissatisfied with the development of events, but even with the best will of all governments, the hole we have fallen into is too deep to get out of it just like that.
If they are not mismanaged, then something like this does not need to happen, believe it or not inflation is very close to the rules they agree on, for example the export and import of food raw materials or other materials, so that the money supply is not as balanced as usual, although this problem is not happens all the time, but mismanagement, impartial rules and decisions that harm the people are their representation.

Quote
What will stop the protests to a greater extent are very likely epidemiological measures which, given the increase in the number of infected people, will probably be in force again in 1-2 months. Let's remember the big protests in Hong Kong or the yellow vest protests in France, which are still going on as of 2018 - little has changed for the better.
Strong protests by means of demonstrations will never solve the problem, this will only add to the problem and more problems will arise, agree or not the state must be able to ensure that its people are protected from various problems, ranging from health, safety to better economic growth However, I don't think the government needs to provide assistance in any form, what the people need is infrastructure to achieve a more stable and improved economic level.

That's why I strongly agree, that bitcoin can save anyone, in different ways and approaches, even though not everyone agrees or doesn't even know where to start.

Quote
I'm not saying that people shouldn't protest, but apart from the violent overthrow of the government, which rarely happens, the real power can be shown in the parliamentary elections when they can elect some other new people and give them a chance to try to make a better society for everyone. There is a saying that bad governments are elected by people who stay at home during elections, and this is unfortunately true in many countries.
I've also heard a saying like this, "every leader is a reflection of his people".
The problem is precisely here, the representation of leadership is actually very close to the reflection of the people, where they are elected based on the elections made. Don't expect the leader to be fair, uncorrupt and protect the people, if the voters don't understand what a leader is like.
hero member
Activity: 1722
Merit: 589
October 26, 2022, 10:52:05 AM
Well these protests are for good reason. Inflation and hyperinflation further widens the gap between the poor and the rich, and also at the same time puts the burden of the economy to the middle class, given the fact that they are the ones who are expected to pay the taxes and jumpstart the economy. The inflation we are experiencing right now is a kick back from the economic shenanigans we have made during the pandemic, especially in the case of US where printing money for stimulus checks became the solution in order to not only empower the economy by encouraging people to spend, but also to support the marginalized courtesy of the aforementioned pandemic hitting everyone where it hurts.
sr. member
Activity: 1890
Merit: 252
The OGz Club
October 26, 2022, 10:38:57 AM
All of the BRRR-Money-Printing started to put it all together. It was going to happen sooner, if not later. But because of supply side disruption caused by the Russo-Ukraine War, and the opening of the economy with all that COVID-19 money injected in circulation, it was caused to come sooner.

We haven't seen the worst of basic commodity price increases, plus more problems with winter approaching. The power grids in some regions of Europe will be further tested, and it won't be OK.

The global economy was showing some signs of recovery even with COVID-19 in play. What ruined it all was Putin's decision to invade Ukraine. This caused energy and gas prices to soar like crazy (especially in the EU), adding fuel to the fire. Inflation was rising during the pandemic, but now it became worse. Unless the war is stopped, don't expect inflation to ease anytime soon. Not even central banks' measures to help control inflation will do any good. People in the lower and middle classes are already suffering, while the rich are becoming richer. Who knows if we never get to see the light at the end of the tunnel? Just my thoughts Grin
Indeed, before the war between Russia and Ukraine the global economy slowly began to recover from the pandemic,
of course it is not an easy thing and it disappeared after the war which is still ongoing,
Besides that, inflation is happening everywhere and it makes economic conditions even more chaotic
full member
Activity: 143
Merit: 107
October 26, 2022, 10:30:28 AM
Inflation this year alone is just too brutal, thank God for Cryptocurrency, had to be using my saved USDT for family support. The value of my country's currency is at it weakest, this I think may create some kind of civic revolution in my nation where younng innovative minds will take over the economy and political leadership themselves. Gas is just too expensive and food. Once Food and gas are out of reach, then you can expect a massive protest or even a bloodless revolution.
The rates of the inflation are rising so fast this year. This is different from the previous years. Other than the inflation, there's also wars which makes the price of the goods even higher but luckily we have cryptos which can save us when those economic problems attack. This is where people hide their money and they can also pull out some of it once they badly needed it. Usdt is a stable coin which are great if you don't like the instability of the standard crypto.

It's not easy to take over the position of someone else but it must be done in a proper way. If they think they are a good leader then why not join the politics next time? You can then encourage other to vote for them.
legendary
Activity: 2898
Merit: 1823
October 26, 2022, 02:40:19 AM
All of the BRRR-Money-Printing started to put it all together. It was going to happen sooner, if not later. But because of supply side disruption caused by the Russo-Ukraine War, and the opening of the economy with all that COVID-19 money injected in circulation, it was caused to come sooner.

We haven't seen the worst of basic commodity price increases, plus more problems with winter approaching. The power grids in some regions of Europe will be further tested, and it won't be OK.

The global economy was showing some signs of recovery even with COVID-19 in play. What ruined it all was Putin's decision to invade Ukraine. This caused energy and gas prices to soar like crazy (especially in the EU), adding fuel to the fire. Inflation was rising during the pandemic, but now it became worse. Unless the war is stopped, don't expect inflation to ease anytime soon. Not even central banks' measures to help control inflation will do any good. People in the lower and middle classes are already suffering, while the rich are becoming richer. Who knows if we never get to see the light at the end of the tunnel? Just my thoughts Grin


Haha. The "signs of recovery" was merely the effect of the biggest/largest BRRR-Money-Printing that most Central Banks did to inject cash/liquidity into the system. It wasn't a REAL recovery because there was not much growth in goods and services that were being produced while the money supply was growing. What do we have when there's too much growth in money supply, but no/small growth in goods and services? INFLATION.
Pages:
Jump to: