High inflation is causing GLOBAL protests - page 4.

Abiky

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Quote from: Wind_FURY on October 21, 2022, 08:17:48 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

Jatiluhung

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Quote from: Wind_FURY on October 25, 2022, 06:50:42 AM

Quote from: Gallar on October 22, 2022, 06:32:21 AM

Inflation in my country is not too bad so far, still within normal numbers.
although it's a little but the impact is quite felt, especially the price of fuel oil, maybe that's the most noticeable increase,
when it comes to food prices, they are still within normal prices.

I hope that the future will be better and the economy will recover quickly.

I believe that the considered "within normal numbers" for inflation is a maximum rate of 2%. Above that, and it's considered "high".

There are the current numbers of the inflation rates across the regions of the G20 nations, https://tradingeconomics.com/country-list/inflation-rate

China has the lowest inflation rate with 2.8%. It's "high", but it's within "normal numbers". France is where it starts to have "real inflation". It has more than twice the 2%, with an inflation rate of 5.6%.

correctly. and I think for now China is one of the countries that are not threatened by a recession in that country. because the low inflation rate has proven that China's economic resilience is quite strong. and in this case the Indonesian state also looks not too bad. although the inflation rate is quite high, which is around 4.84% and has risen above 5%. but the Indonesian state has resilience in terms of food. so that the impact of this global crisis will be less severe. although recently the price of gas and energy is increasing. but the purchasing power of the people remains stable. but mass protests or demonstrations are still common in this country. the demonstrators expect a decrease in the price of fuel oil and energy.

Wind_FURY

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Quote from: Gallar on October 22, 2022, 06:32:21 AM

Inflation in my country is not too bad so far, still within normal numbers.
although it's a little but the impact is quite felt, especially the price of fuel oil, maybe that's the most noticeable increase,
when it comes to food prices, they are still within normal prices.

I hope that the future will be better and the economy will recover quickly.

I believe that the considered "within normal numbers" for inflation is a maximum rate of 2%. Above that, and it's considered "high".

There are the current numbers of the inflation rates across the regions of the G20 nations, https://tradingeconomics.com/country-list/inflation-rate

China has the lowest inflation rate with 2.8%. It's "high", but it's within "normal numbers". France is where it starts to have "real inflation". It has more than twice the 2%, with an inflation rate of 5.6%.

Gallar

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Quote from: Paul Pogba on October 16, 2022, 08:47:12 AM

Inflation is a serious problem in the economy, when inflation occurs, unemployment will automatically increase because many people cannot work because companies are also bankrupt, the state plays an important role in controlling the economy in order to control inflation.

in essence, the government must act more quickly to anticipate this inflation problem, because if it is left for too long inflation will continue to grow and will be increasingly difficult to control.

Inflation problems like this must be handled quickly from the start, so that they are not too heavy when handling them.

Gallar

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Inflation in my country is not too bad so far, still within normal numbers.
although it's a little but the impact is quite felt, especially the price of fuel oil, maybe that's the most noticeable increase,
when it comes to food prices, they are still within normal prices.

I hope that the future will be better and the economy will recover quickly.

omone1

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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.

Wind_FURY

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Quote from: Smack That Ace on October 17, 2022, 05:02:15 PM

Quote from: Wind_FURY on October 17, 2022, 01:31:55 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.

Exactly, when the war starts or the Fed raises rates for the first and second time, some countries don't have much of an impact on them so they can't feel inflation coming. But in these days when energy supply is increasingly scarce, the Fed's interest rates were so high that the central banks couldn't take it anymore and raised interest rates in unison, commodity prices have increased by 15-20%, and every attention beginner. Inflation originated from the money injection from the covid 19 pandemic, but the war was the cause of the prolonged inflation.

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.

STT

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Its been obvious this whole year at least, inflation is the expansion of the monetary base so it already happened at the most simple measure. How far and fast that filters into food prices and basic goods that cause poverty is variable but also highly likely to occur, we barely have to debate this will occur. The only counter to inflation is that we grow fast in supply then then new money supply causes prices to rise.
Either way inflation always means volatility, upset and in the end the economy is disrupted and worse off from unknown prices in the line of supply, producers and retailers are blamed for an excess amount of cash now available when they did not cause that to be true its why bad governments get away with it so often its now the default policy to inflate.

Smack That Ace

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Quote from: Wind_FURY on October 17, 2022, 01:31:55 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.

Exactly, when the war starts or the Fed raises rates for the first and second time, some countries don't have much of an impact on them so they can't feel inflation coming. But in these days when energy supply is increasingly scarce, the Fed's interest rates were so high that the central banks couldn't take it anymore and raised interest rates in unison, commodity prices have increased by 15-20%, and every attention beginner. Inflation originated from the money injection from the covid 19 pandemic, but the war was the cause of the prolonged inflation.

cabron

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Quote from: Wind_FURY on October 17, 2022, 01:31:55 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.

Its affecting globally, I'm sure inflation arrived to every country as it collapses Sri Lanka to the far east like Japan since they have been dumping bonds.

I remember you saying some protest videos are fake but WION a popular news program just featured Paris protest for high cost of living. https://www.youtube.com/watch?v=UrRe7r08dC4

Not my view but I have seen youtube comments that it is not very far fetch to see France exiting EU or NATO to trade with Russia in order to run their economy.

Wind_FURY

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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.

cabron

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Quote from: DudeAtWork420 on October 16, 2022, 09:31:43 AM

Economist find out this problem a long time ago. 100$ from 1965 is not worth 3500$ in current time. What can be worse than this. Your savings is losing money by its own and you can not do anything but to watch it. Many people think that we need to get back to gold standards which is not possible due to some external factors. What left is crypto in the field which has the potential to solve this problem.

The issue with crypto is that BTC is base on energy which the ASIC devices needed to mine each block. And energy is derived from fossil fuel and coal to which a country with more reserve has the vast riches.

Quote from: Smack That Ace on October 15, 2022, 10:06:07 PM

With this decision, it shows that there is no such thing as a good world, joining hands to protect each other, but national interests and personal interests must come first. President Biden's visit made a difference but unfortunately it got worse. I think this has something to do with politics that I read somewhere that Saudi Arabia was very close to the Trump administration before and after his presidency and this production cut will make it difficult for President Biden next term.

The fist bump didn't help which right now Biden swear to sanction Saudi as well. It was believed to be US military support will be pulled out from Saudi and can get worse if Iran will spark the war between them. When the gas cut production starts next month, the prices will sure soar again. And more protest will break after this.

DudeAtWork420

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Economist find out this problem a long time ago. 100$ from 1965 is not worth 3500$ in current time. What can be worse than this. Your savings is losing money by its own and you can not do anything but to watch it. Many people think that we need to get back to gold standards which is not possible due to some external factors. What left is crypto in the field which has the potential to solve this problem.

CageMabok

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Quote from: kapalmabur on October 16, 2022, 08:03:46 AM

Yes, inflation is really everywhere and it is likely that it will continue considering the global economic conditions are not good,
In addition, financial freedom does not come for granted.
what is clear is multiply the source of income whatever it is

Financial freedom must be created by each individual because it will never exist if it is not created by each individual through the work they are good at.
Working to get as much income as possible in inflationary conditions is one way or the way to go at this time because it will help a little to spend excessive money in life in times of inflation.

Paul Pogba

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Inflation is a serious problem in the economy, when inflation occurs, unemployment will automatically increase because many people cannot work because companies are also bankrupt, the state plays an important role in controlling the economy in order to control inflation.

kapalmabur

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Quote from: ?? on ??

Quote from: 348Judah on October 15, 2022, 06:14:45 AM

I don't know why this year inflation has taken up the trends on news these days, but that's actually the fact, things have wrongly gone bad and are getting more worsen, unaffordability is now a major concernnwith this inflation dusting every aspect of the world economy, are we to assume to just have been seing the negative effects of the covid pandemic in reality this time after two years of experience? There nust be a particular conflict that has always been responsible for this continuous increase of inflation and not until it it been discovered, it may lingers mkre than expected.

inflation is causing distress everywhere. but the protest are not going to bring any relief to the people.
The only way to help yourself is gain financial independence and do not look up to other for help

Yes, inflation is really everywhere and it is likely that it will continue considering the global economic conditions are not good,
In addition, financial freedom does not come for granted.
what is clear is multiply the source of income whatever it is

KennyR

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The severity of the protests were seen on few countries. This is all because of the high inflation caused due to the poor governance. In some countries there is lack of employment, and in some countries there is employment opportunities available but lacks manpower. The seriousness of the inflation over different countries were of different reasons. Every government tries hard to find a solution to lower the inflation.

Inflation Representation Map

Image: Wikipedia

Smack That Ace

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Quote from: Wind_FURY on October 15, 2022, 05:45:55 AM

Quote from: Smack That Ace on October 15, 2022, 03:16:49 AM

Quote from: Wind_FURY on October 14, 2022, 05:41:20 AM

Are there people from France who go regularly to BitcoinTalk? Or have relatives living in France? I have one former "acquaintance", and she's telling me that there are too many gas stations in France that have low, or no, fuel because the strikes in refineries will not stop. Fuel prices are also very high. People are also getting into fights to put fuel in their cars.

It will affect small businesses first, causing them to close shop, then more and more people will be unemployed, affecting bigger businesses. Recession is next.

I think this is happening in many countries, I have a friend in Asia and he just told me that his local gas station has been mass closing for the past few days and the cause is believed to be due to lack of supply. He said people could not go to work because the main means of transport were motorbikes and cars, and children had to miss school due to the interruption of transportation to and from school...

Is your friend from Sri Lanka, or maybe Pakistan? I believe those two countries are/have been absolutely been affected in Asia, but in France it's probably different. This map was posted in Reddit.

Quote

Map of the gas stations affected by the gasoline shortage in France

https://www.reddit.com/r/MapPorn/comments/4ktg3l/map_of_the_gas_stations_affected_by_the_gasoline/

That's perhaps 99.9% of Gas Station in France. That can't be true, that's probably a meme.

I don't think it's a meme, maybe it's the horrible truth we've seen in today's developed world. II have to say horrible, we can see the terrible things people in euro countries are going through. And more irony for the people of the EU is that the US is their ally but takes advantage of the situation to sell them oil and gas at sky-high prices.

Quote from: Wind_FURY on October 15, 2022, 05:45:55 AM

Quote

He said even if oil prices are as high as they were in March/April this is still not going to happen, but it is happening right now even though world oil prices are already much lower than in previous months. If this situation persists, recession is inevitable.

OPEC+ has already agreed to cut supplies for crude oil to "make the price more stable". I believe that means, "to stop the price from going lower and lower".

With this decision, it shows that there is no such thing as a good world, joining hands to protect each other, but national interests and personal interests must come first. President Biden's visit made a difference but unfortunately it got worse. I think this has something to do with politics that I read somewhere that Saudi Arabia was very close to the Trump administration before and after his presidency and this production cut will make it difficult for President Biden next term.

348Judah

hero member

Activity: 714

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I don't know why this year inflation has taken up the trends on news these days, but that's actually the fact, things have wrongly gone bad and are getting more worsen, unaffordability is now a major concernnwith this inflation dusting every aspect of the world economy, are we to assume to just have been seing the negative effects of the covid pandemic in reality this time after two years of experience? There nust be a particular conflict that has always been responsible for this continuous increase of inflation and not until it it been discovered, it may lingers mkre than expected.

Wind_FURY

legendary

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Quote from: Smack That Ace on October 15, 2022, 03:16:49 AM

Quote from: Wind_FURY on October 14, 2022, 05:41:20 AM

Are there people from France who go regularly to BitcoinTalk? Or have relatives living in France? I have one former "acquaintance", and she's telling me that there are too many gas stations in France that have low, or no, fuel because the strikes in refineries will not stop. Fuel prices are also very high. People are also getting into fights to put fuel in their cars.

It will affect small businesses first, causing them to close shop, then more and more people will be unemployed, affecting bigger businesses. Recession is next.

I think this is happening in many countries, I have a friend in Asia and he just told me that his local gas station has been mass closing for the past few days and the cause is believed to be due to lack of supply. He said people could not go to work because the main means of transport were motorbikes and cars, and children had to miss school due to the interruption of transportation to and from school...

Is your friend from Sri Lanka, or maybe Pakistan? I believe those two countries are/have been absolutely been affected in Asia, but in France it's probably different. This map was posted in Reddit.

Quote

Map of the gas stations affected by the gasoline shortage in France

https://www.reddit.com/r/MapPorn/comments/4ktg3l/map_of_the_gas_stations_affected_by_the_gasoline/

That's perhaps 99.9% of Gas Station in France. That can't be true, that's probably a meme.

Quote

He said even if oil prices are as high as they were in March/April this is still not going to happen, but it is happening right now even though world oil prices are already much lower than in previous months. If this situation persists, recession is inevitable.

OPEC+ has already agreed to cut supplies for crude oil to "make the price more stable". I believe that means, "to stop the price from going lower and lower".

Topic: High inflation is causing GLOBAL protests - page 4. (Read 5205 times)