High inflation is causing GLOBAL protests - page 5.

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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...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.

Wind_FURY

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Quote from: beej on October 14, 2022, 06:43:24 AM

I think with the ongoing pandemic and the war in Ukraine,
it has inflicted so much in economies worldwide.

COVID-19 is ongoing, but the economies around the world have opened up, and it's NOT only supply side inflation that's causing the prices of goods/services to go up. It's also the demand side. There was non-stop BRRR-money-printing during 2020 - 2021 around most Central Banks to pump their economies with liquidity to avoid a recession, and with all that money in people's pockets, and with the opening of the economy, WITH smaller supply of goods caused by Russia vs. Ukraine, what do we have? A contagion of inflation.

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I think with the ongoing pandemic and the war in Ukraine,
it has inflicted so much in economies worldwide. That
combination alone is causing fuel prices and grains to
spike up. Its somewhat setting a chain reaction until
it affects currencies and everyday necessities. Just like
what’s happening now and will continue to do so.

Wind_FURY

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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.

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Quote from: cabron on September 22, 2022, 06:22:38 PM

Inflation affects everyone because of the money you have right now will have lesser purchasing power.
The FED is not going to control inflation, they like it this way because people who has no money has no freedom. People with no money can't fight back.

But when you are fed up already and will not care anymore, this is where the revolution will be uncontrolled. Its worse when police are defunded.

It's most likely the FED and other central banks will give up on their task to lower down inflation for good. If that happens, then prices of essential goods will only go up over time. This will make the rich, richer, while the poor, poorer. That would leads us to hyperinflation, which is something that would harm the mainstream economy for good. I just hope we see the light at the end of the tunnel with Russia ending the war and COVID-19 disappearing from the face of the Earth. Only then, the economy would be restored to its former glory (sort of).

It's sad to see many people become poor by the day as they cannot keep up with rising prices of food, gas, and energy. Wages aren't increasing in par with inflation, so this would lead to further protests around the world. We can't tell what will happen with the world if inflation becomes uncontrollable. Bitcoin was once thought to be a safe haven against inflation, but it has proven us wrong as market prices move closely to the stock market. Maybe Gold will save the day? Just my thoughts Grin

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Quote from: Mario Yamasaki on August 16, 2022, 01:58:00 AM

When inflation occurs, it automatically makes our expenses increase dramatically, if inflation increases but we do not have alternative income, we can be sure we will go bankrupt and sell assets, if all assets are up then we will experience many difficulties in life.

Yes, that's how it is now in my country also starting to feel the impact of inflation, because now food prices are starting to gradually rise and so on, but for situations like this of course we have to be patient in facing life's challenges. but keep trying your best, never give up.

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Quote from: dezoel on September 22, 2022, 11:18:10 AM

Food is not something you can keep forever, there are some doomsday type of canned foods that you could not use them forever neither because you would be bored of eating those. This means that majority, nearly all the foods that we eat could be ruined if we do not eat them on time because they have expiration dates.

Food inflation could only be dropped if we end up with 2 things, 1) oil prices going down because food requires you to move them around to get it at the hands of the people who will eat it from farmers and 2) if we end up with some huge government subsidiaries where they pay the farmer or not get taxes etc and help them in the long run.

There are types of food that can be stored for a long time, we only stock up on basic needs for a few weeks, so that market prices can be lowered to normal prices as usual. Regarding quality, we can choose the type of food that can be stored and the problem of boredom is no longer a consideration when inflation occurs, like it or not, we have to do it, so that inflation can be kept to a minimum.

Whereas oil is very difficult for people to suppress, because it is a big man's game with influence in policy, I focus more on food, because it is a staple food that people have to fulfill.

Wind_FURY

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Quote from: Ozero on September 23, 2022, 01:54:11 AM

Quote from: Wind_FURY on September 21, 2022, 02:47:22 AM

I believe there are some people who post in the topic that are still unconvinced that there are protests around the world caused by high inflation. Those people will start believing it, probably during or after the winter. Plus if anyone believes that we have already seen the worst of the crisis, there will be MORE bad news coming. Russia is preparing for what might be something unavoidable.

Quote

Russia's parliament on Tuesday approved a bill to toughen punishments for a host of crimes such as desertion, damage to military property and insubordination if they are committed during military mobilisation or combat situations.

The bill, passed in its second and third readings on Tuesday by the lower house of parliament, the Duma, comes amid debate inside Russia about a possible mobilisation, a step which could significantly escalate the conflict in Ukraine.

According to a copy of the bill, seen by Reuters, voluntary surrender would become a crime for Russian military personnel, punishable by 10 years in prison.

https://www.reuters.com/world/europe/russian-parliament-toughens-punishment-crimes-during-mobilisation-2022-09-20/

That's a war-time policy.

Mobilization in Russia was introduced on September 21 due to the defeat of the Russian army in Ukraine. This is just a step of desperation and hopelessness on the part of the Kremlin. Putin wants to send another 300,000 mobilized reservists to Ukraine, and according to some sources, a million people who are unlikely to change the situation in the war, since they do not have experience in waging war in the current changed war conditions of drones and other modern equipment.

Learn from history, ser. Russia is NOT desperate, and definitely NOT hopeless about Ukraine. The Russian government's move for partial mobilization is a move for a more expansive conflict. They want to occupy Ukraine, and they have shown that they will fight the West if they need to through partial mobilization. It's up to the people now if they want to protest and SAY NO TO THE WAR.

Quote

More recently, Russians in Ukraine have deserted, surrendered, or self-mutilated to avoid war and death. Strengthening responsibility for these actions, as well as forced mobilization, will only extremely exacerbate internal contradictions in Russia itself. It will be interesting to observe whether the Russians will resignedly, like a flock of sheep, go to the slaughter in Ukraine and die for Putin's imperial ambitions, or will they finally remember that they are also people and will demolish their anti-people power.

It's not over, ser. A battle doesn't in a war. But let's just stop the debates, and pray for the people of Ukraine and Russia. It's the fault of their governments, their politicians, their CABAL.

Wawa2013

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Quote from: cabron on September 22, 2022, 06:22:38 PM

Quote from: Abiky on September 21, 2022, 07:46:22 PM

Quote from: cabron on September 20, 2022, 10:20:26 AM

Even if you earn substantial income you will eventually suffer when your leaders fail in making decisions in joining to sanction Russia. The gas supply in your country will just dry out making the prices sky high.

When gas prices shoots to the moon, every products that needs gas to be able to produced will have sky rocketing prices as well. Crowd going hungry are the crowd that will fight for their right to live.

What's the point of working when your salary won't increase in par with inflation? Prices for gas, oil, energy, and food keep rising when wages remain static. Effectively, the poor become poorer while the rich, richer. I guess that's the reason why most people worldwide are protesting against inflation. It's governments' policies that are destroying everything.

Unless inflation is put under control and wages increase at a considerable rate, things will only get worse in the long run. I hope that COVID-19 and the Russia-Ukraine war ends soon so things could get back to normal. The future is widely unpredictable, so can only hope for the best. Just my thoughts Grin

Inflation affects everyone because of the money you have right now will have lesser purchasing power.
The FED is not going to control inflation, they like it this way because people who has no money has no freedom. People with no money can't fight back.

But when you are fed up already and will not care anymore, this is where the revolution will be uncontrolled. Its worse when police are defunded.

High inflation does affect everyone's life, but the most affected are the poor people, because the poor people usually only rely on one source of
income and the increase in inflation is not accompanied by an increase in wages. So the price of goods is increasing, while the value of the money
they have is decreasing, it will definitely make it difficult for the poor people to meet their daily needs. But sadly as you said, there is no real
solution from the government to deal with the problem of rising inflation. The government continues to print money to solve economic problems,
which in the long run will lead to hyper inflation.

I also think like you, there is an intention by the government not to control inflation, in order to make it easier for the government to control
the population. Therefore, sometimes people lose their patience and hold demonstrations to protest this problem. That is what happened in
Sri Lanka where the economic condition of the people got worse, causing riots and overthrowing the ruling government. So don't make people
depressed and suffer, the government should think about the welfare of its people.

Ozero

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Quote from: Wind_FURY on September 21, 2022, 02:47:22 AM

I believe there are some people who post in the topic that are still unconvinced that there are protests around the world caused by high inflation. Those people will start believing it, probably during or after the winter. Plus if anyone believes that we have already seen the worst of the crisis, there will be MORE bad news coming. Russia is preparing for what might be something unavoidable.

Quote

Russia's parliament on Tuesday approved a bill to toughen punishments for a host of crimes such as desertion, damage to military property and insubordination if they are committed during military mobilisation or combat situations.

The bill, passed in its second and third readings on Tuesday by the lower house of parliament, the Duma, comes amid debate inside Russia about a possible mobilisation, a step which could significantly escalate the conflict in Ukraine.

According to a copy of the bill, seen by Reuters, voluntary surrender would become a crime for Russian military personnel, punishable by 10 years in prison.

https://www.reuters.com/world/europe/russian-parliament-toughens-punishment-crimes-during-mobilisation-2022-09-20/

That's a war-time policy.

Mobilization in Russia was introduced on September 21 due to the defeat of the Russian army in Ukraine. This is just a step of desperation and hopelessness on the part of the Kremlin. Putin wants to send another 300,000 mobilized reservists to Ukraine, and according to some sources, a million people who are unlikely to change the situation in the war, since they do not have experience in waging war in the current changed war conditions of drones and other modern equipment.

More recently, Russians in Ukraine have deserted, surrendered, or self-mutilated to avoid war and death. Strengthening responsibility for these actions, as well as forced mobilization, will only extremely exacerbate internal contradictions in Russia itself. It will be interesting to observe whether the Russians will resignedly, like a flock of sheep, go to the slaughter in Ukraine and die for Putin's imperial ambitions, or will they finally remember that they are also people and will demolish their anti-people power.

cabron

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Quote from: Abiky on September 21, 2022, 07:46:22 PM

Quote from: cabron on September 20, 2022, 10:20:26 AM

Even if you earn substantial income you will eventually suffer when your leaders fail in making decisions in joining to sanction Russia. The gas supply in your country will just dry out making the prices sky high.

When gas prices shoots to the moon, every products that needs gas to be able to produced will have sky rocketing prices as well. Crowd going hungry are the crowd that will fight for their right to live.

What's the point of working when your salary won't increase in par with inflation? Prices for gas, oil, energy, and food keep rising when wages remain static. Effectively, the poor become poorer while the rich, richer. I guess that's the reason why most people worldwide are protesting against inflation. It's governments' policies that are destroying everything.

Unless inflation is put under control and wages increase at a considerable rate, things will only get worse in the long run. I hope that COVID-19 and the Russia-Ukraine war ends soon so things could get back to normal. The future is widely unpredictable, so can only hope for the best. Just my thoughts Grin

Inflation affects everyone because of the money you have right now will have lesser purchasing power.
The FED is not going to control inflation, they like it this way because people who has no money has no freedom. People with no money can't fight back.

But when you are fed up already and will not care anymore, this is where the revolution will be uncontrolled. Its worse when police are defunded.

Fortify

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Quote from: Wind_FURY on July 18, 2022, 03:31:58 AM

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.

Inflation is a contributory factor and may even drive protests in some of the countries you listed, but there are all sorts of problems facing the world today. They can be related but it's better to look at them individually in order to tame the underlying problems - things like the war in Ukraine, which produces a massive chunk of things like wheat and much more importantly - oil & gas into Europe, which means there is less to go around. China is constantly shutting down and re-opening production in their factories due to zero Covid, again limiting all sorts of supply chains. Droughts and floods are disrupting the crop planting season. Unfortunately for poorer countries, the richer countries are often able to absorb the problems much easier.

ingiltere

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You call this high inflation? LOL. We have more than %200 inflation here and people are still scared to protest because of dictatorial government. Minimum wage is under the poverty line here in Türkiye. New iPhone 14 is about 6.5x minimum wage here. That means you have to work for more than half year to buy just a simple phone.

The world is changing. We haven't seen any World War or epidemic. Covid is nothing besides these. Governments print money like there is no tomorrow. Inflation will not stop anywhere. Whether you protest it or not, these won't change soon. Future generations are already in debt.

dezoel

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Quote from: Fara Chan on September 20, 2022, 11:44:25 PM

Quote from: Sayeds56 on September 19, 2022, 02:14:54 AM

The country where I live in is facing worst inflation of its history which is around 45%. The reason is huge rise in fuel & food prices. The cost of living is extremely high, a vast majority of people spend most of their hard earned money on paying electric & gas bills. People are making frequent protests against inflation at public places to express their anger. The government in office has lowest approval rating & it may fall anytime.

Almost all countries have big inflation lately with rising raw material or fuel oil prices, I don't know where you live and 45% inflation as you mentioned. However, it turns out that the existence of the government cannot guarantee the food needs of the community, so the protests are getting bigger and wider in various regions.
People should start buying food supplies while inflation is taking place and start storing those supplies for the next few weeks, and if prices return to normal within a few weeks then inflation can be suppressed.

Food is not something you can keep forever, there are some doomsday type of canned foods that you could not use them forever neither because you would be bored of eating those. This means that majority, nearly all the foods that we eat could be ruined if we do not eat them on time because they have expiration dates.

Food inflation could only be dropped if we end up with 2 things, 1) oil prices going down because food requires you to move them around to get it at the hands of the people who will eat it from farmers and 2) if we end up with some huge government subsidiaries where they pay the farmer or not get taxes etc and help them in the long run.

electronicash

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Quote from: Sithara007 on September 21, 2022, 09:52:06 PM

Quote from: Wind_FURY on September 21, 2022, 05:42:30 AM

Plus the last time Russia did a "partial mobilization" was targeted to Austria-Hungary, there as also partial mobilizations done during the Russia-Japan War, both which became the forerunner of World War I. If we take history, and learn from it, it teaches us that "partial mobilizations" has always been an "opening" for a wider-ranging war.

I don't think that the ongoing conflict will spiral towards a wider regional conflict. Neither Russia, nor the neighboring EU nations can afford a regional conflict, in which hundreds of thousands of individuals, or even millions will be killed. And considering the fact that Russia is the country with one of the largest nuclear arsenals, I don't think that NATO will risk a direct conflict with the Russians. For now the proxy conflict will go on. And I don't see either sides making much progress (territorially) before the war ends in stalemate.

we are yet to know. liz truss also announce of Nuclear launch before Putin but people were cheering for her. but when Putin also said he is willing also to fight back with the more sophisticated weapon everyone frown lol

this war will likely blow wider if none is going to the negotiation table. Macron of France is willing but its just words besides he has no say about this since Its the EU or US who has the decision of all these.

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Quote from: Wind_FURY on September 21, 2022, 05:42:30 AM

Plus the last time Russia did a "partial mobilization" was targeted to Austria-Hungary, there as also partial mobilizations done during the Russia-Japan War, both which became the forerunner of World War I. If we take history, and learn from it, it teaches us that "partial mobilizations" has always been an "opening" for a wider-ranging war.

I don't think that the ongoing conflict will spiral towards a wider regional conflict. Neither Russia, nor the neighboring EU nations can afford a regional conflict, in which hundreds of thousands of individuals, or even millions will be killed. And considering the fact that Russia is the country with one of the largest nuclear arsenals, I don't think that NATO will risk a direct conflict with the Russians. For now the proxy conflict will go on. And I don't see either sides making much progress (territorially) before the war ends in stalemate.

Abiky

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Quote from: cabron on September 20, 2022, 10:20:26 AM

Even if you earn substantial income you will eventually suffer when your leaders fail in making decisions in joining to sanction Russia. The gas supply in your country will just dry out making the prices sky high.

When gas prices shoots to the moon, every products that needs gas to be able to produced will have sky rocketing prices as well. Crowd going hungry are the crowd that will fight for their right to live.

What's the point of working when your salary won't increase in par with inflation? Prices for gas, oil, energy, and food keep rising when wages remain static. Effectively, the poor become poorer while the rich, richer. I guess that's the reason why most people worldwide are protesting against inflation. It's governments' policies that are destroying everything.

Unless inflation is put under control and wages increase at a considerable rate, things will only get worse in the long run. I hope that COVID-19 and the Russia-Ukraine war ends soon so things could get back to normal. The future is widely unpredictable, so can only hope for the best. Just my thoughts Grin

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Quote from: Moneyprism on September 20, 2022, 10:01:57 AM

Quote from: Wind_FURY on July 18, 2022, 03:31:58 AM

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.

this has happened in my country... right after the government started to raise the price of oil,, many people started to take to the streets and protest.. because with the rising price of oil this will make transportation costs and many other things increase,, on the other hand people's salaries are not comparable with their cost of living and this causes inflation and many poor people suffer even more

It's natural to protest when things go hayway for majority of people, they eventually get what they want through protest if they're persistent enough.
- But it's the first time I'm seeing people letting their anger loose due to oil prices raising.
- Companies often don't want to pay someone more than what they want, in certain cases employee has to raise the question of getting paid more.

G_Besar

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Quote from: Smitty Werben Man Jensen on September 21, 2022, 04:56:28 AM

In the end indeed it all depends on the leader and being rich does not mean we will not suffer,
and of course there are many products that require gas in their production,
because when gas prices soared it caused a domino effect

A very clear effect that can arise on products when gas prices soar is the price of the product which will become more expensive than usual or the price of the product to be marketed will also increase because considering the increase in production costs which are no longer the same as before.

And actually the rich will not suffer so much from the spike in gas prices as long as he can still carry out his production or activities to make more money under different conditions. Because in such a case it is clear that it is not only wealth that must be relied on, but also smartness in managing capital so that production can continue to run without obstacles at the cost that must be incurred.

Wind_FURY

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Quote from: Jody.Drummer on September 21, 2022, 03:03:47 AM

Quote from: Wind_FURY on September 21, 2022, 02:47:22 AM

I believe there are some people who post in the topic that are still unconvinced that there are protests around the world caused by high inflation. Those people will start believing it, probably during or after the winter. Plus if anyone believes that we have already seen the worst of the crisis, there will be MORE bad news coming. Russia is preparing for what might be something unavoidable.

Quote

Russia's parliament on Tuesday approved a bill to toughen punishments for a host of crimes such as desertion, damage to military property and insubordination if they are committed during military mobilisation or combat situations.

The bill, passed in its second and third readings on Tuesday by the lower house of parliament, the Duma, comes amid debate inside Russia about a possible mobilisation, a step which could significantly escalate the conflict in Ukraine.

According to a copy of the bill, seen by Reuters, voluntary surrender would become a crime for Russian military personnel, punishable by 10 years in prison.

https://www.reuters.com/world/europe/russian-parliament-toughens-punishment-crimes-during-mobilisation-2022-09-20/

That's a war-time policy.

Now this will be a domino effect indeed. bad news, the number of protests in every country and some statements about war from several countries will obviously worsen the current situation.
Now there is nothing that can be done because surely the ones who will suffer the last are the people who do not have the power both in the economy and the political power who are the targets affected in this case.

It's really hard when you want to stop something like this because it is certain that protests will occur everywhere when there is something that will indeed cause misery.

Plus the last time Russia did a "partial mobilization" was targeted to Austria-Hungary, there as also partial mobilizations done during the Russia-Japan War, both which became the forerunner of World War I. If we take history, and learn from it, it teaches us that "partial mobilizations" has always been an "opening" for a wider-ranging war.

Topic: High inflation is causing GLOBAL protests - page 5. (Read 5205 times)