Topic: High inflation is causing GLOBAL protests - page 8. (Read 5206 times)
Inflation in my country per month continues to increase by an average of about 0.4% per month based on information from the State Statistics Department. But what residents feel is more than that number. the price of food continues to rise, the price of transportation increases, so do the daily necessities. But maybe my country isn't badly affected by inflation. because the increase is still affordable by the community. so that no particular group has voiced demonstrations. but if this inflation continues. then maybe there will be protests.
The beginning of the bankruptcy of many countries is usually from inflation, when the country fails to control inflation, many speculators will continue to confuse the economy, they hold prices to rise up to hundreds of times, this is a big problem that must be overcome when the initial symptoms are visible.
I don't think it's pointless to protest against inflation. Because the causes of inflation and the types of inflation are many, the protest makes some sense. And the recent protest in Sri Lanka is taken as an example. The only way to survive inflation is not to make more money but to control inflation. That's why the protesters urge the government and federal bank to control it.
Then, whether the Sri Lankan government and federal bank can control this now?Because controlling inflation is not an easy thing and every important element of the country must all move so that inflation can be controlled properly. Because the government will not be able to do it alone and still have to involve more people in it so that inflation can be controlled.
What are these protest for?
People protest for a day and then they go back to their home and forget what has happened yesterday. These protest will not bring any good unless they are consistent and they make real demands and ask gov for the relief. nothing is going to change with one hour protest.
They protest probably because they are hungry, because they have nothing to feed their families, because they were laid off from their jobs, or probably they know while they are going through a crisis, their government continues to steal from the people/country.
Maybe you are lucky that you are not in a position the same as they. You can still eat, you have your savings, you have your job.
The people in Bangladesh are starting to do their own kind of protest. Hunt for politicians, https://twitter.com/radiogenova/status/1563212468851052544?s=12&t=zmB_iDz-JXEzGwPy5FOHVQ
I don't think it's pointless to protest against inflation. Because the causes of inflation and the types of inflation are many, the protest makes some sense. And the recent protest in Sri Lanka is taken as an example. The only way to survive inflation is not to make more money but to control inflation. That's why the protesters urge the government and federal bank to control it.
Then, whether the Sri Lankan government and federal bank can control this now?Because controlling inflation is not an easy thing and every important element of the country must all move so that inflation can be controlled properly. Because the government will not be able to do it alone and still have to involve more people in it so that inflation can be controlled.
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.
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.
I don't think it's pointless to protest against inflation. Because the causes of inflation and the types of inflation are many, the protest makes some sense. And the recent protest in Sri Lanka is taken as an example. The only way to survive inflation is not to make more money but to control inflation. That's why the protesters urge the government and federal bank to control it.
This is just the beginning and we are far from the peak right now, it's going to get a lot tougher in every country - we'll miss the relatively calm, stable and good times we've been living in the past decade. Unfortunately Covid sent a lot of logistics chains out of whack, it was starting to look brighter as much countries came out of the pandemic 2 years later with a bit of a buffer built up for some people. Now the war that Russia started against Ukraine has caused all sorts of new difficulties. The saddest part of it all is how unnecessary it all is, Ukraine was moving towards a more free and democratic society, but Putin was offended that one of his cronies was ousted and decided to murder hundreds of thousands of people because of it.
It's a crazy world we're living into. Inflation will continue to rise until COVID-19 and the Russia-Ukraine crisis are solved for good. People can't expect the economy to magically recover when such issues are present. Central banks may try to take a "hawkish" stance against inflation, but they will ultimately fail as inflation becomes uncontrollable. The US Dollar was severely affected, causing a "domino effect" over other Fiat currencies such as the Euro and the Japanese Yen. Crypto was once hailed to be a safe haven against inflation (especially Bitcoin), but it has ultimately failed in doing so because of the deteriorating global economy.
The only way to change this is if crypto (mainly Bitcoin) becomes the standard unit of account. This means replacing the US Dollar with Bitcoin as the world's reserve currency. But that's very unlikely to happen soon because governments won't let go of Fiat no matter what. We'll see how everything will turn out to be in the future as the aforementioned events continue to leave a mark in the global economy. Just my thoughts
This is just the beginning and we are far from the peak right now, it's going to get a lot tougher in every country - we'll miss the relatively calm, stable and good times we've been living in the past decade. Unfortunately Covid sent a lot of logistics chains out of whack, it was starting to look brighter as much countries came out of the pandemic 2 years later with a bit of a buffer built up for some people. Now the war that Russia started against Ukraine has caused all sorts of new difficulties. The saddest part of it all is how unnecessary it all is, Ukraine was moving towards a more free and democratic society, but Putin was offended that one of his cronies was ousted and decided to murder hundreds of thousands of people because of it.
I do not think that it will "go down" from here. There is a good chance that we could build from this. Whenever these "resets" happen, it comes out with a brand new company going super strong and the world gets rebuilt because people who ended up with some cash in that period that ends up with a great thing.Think about it this way, if we could have people who have billions in cash right now go into business and start something new, they could have all the business, all the cheap workers, all the extras whatever and they could end up with something amazing. This isn't the thing they really want because bad economy is bad, but by the time economy gets strong again, they will be big already.
I have gone through the tweets, and a lot of them, a few of them are deleted/ accounts suspended, chances are must be misleading or sparking violence, a lot of them don't really mention Inflation, they are just telling about the protests going on in some part of the country due to some issue or the other. Protests have always been going on in every country in some part or the other due to some reason or the other, it's absolutely wrong to connect each and every protest with Inflation, especially in Indian and Canada one has nothing to do with Inflation at all, they are more on environmental topics and socio-cultural issues.
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.
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.
This is just the beginning and we are far from the peak right now, it's going to get a lot tougher in every country - we'll miss the relatively calm, stable and good times we've been living in the past decade. Unfortunately Covid sent a lot of logistics chains out of whack, it was starting to look brighter as much countries came out of the pandemic 2 years later with a bit of a buffer built up for some people. Now the war that Russia started against Ukraine has caused all sorts of new difficulties. The saddest part of it all is how unnecessary it all is, Ukraine was moving towards a more free and democratic society, but Putin was offended that one of his cronies was ousted and decided to murder hundreds of thousands of people because of it.
I remember protests in the last financial crisis (2008), and in all honesty, it did nothing. The only thing we got from it was BTC, and that wasn't really connected to actual protests. I am not saying that protests don't have their place, but regarding the financial crises, they have almost no impact.
It is because of this that direct action is way more effective than protesting, while protesters may look as people which are defending their rights, truth to be told they are just begging for better treatment from their masters, and as you may guess this will never be effective, so what it needs to be done is to take actions which protect us from inflation, investing in gold or bitcoin, avoid debt regardless of how tempting it could be and reduce our expenses are all measures which are way more effective than protesting when it comes to protecting ourselves, but since this requires self-discipline this is not something many people want to do.The point is that protests are not there to change something, it's there to get attention and if they can actually get that attention, they may change some ideas and some votes which would help them achieve what they want.
I agree and it is very important to do an in-depth analysis before making a policy,
because if not it is not impossible that the state will cause other problems caused by the policy,
need to be careful in determining it
Implementing every new and profitable idea is certainly needed by all countries because it is also a welfare for citizens. But new ideas also need to be analyzed so as not to create new problems and override old policies that have been running very safely. So I think this is what some countries are reviewing to be able to implement new ideas that benefit the country and its citizens without any problems. because if not it is not impossible that the state will cause other problems caused by the policy,
need to be careful in determining it
Inflation will be difficult to avoid any country, the central bank that does not have strong control of the stock and circulation of money and goods will make inflation, especially the strongest economic country, the USA also experiences a surge of inflation so that it has a direct impact on the world, and for us the best is to continue to add Sources of income with extra work or investment.
Inflation really happens in every country. Even the richest country has inflation rate. What's not normal is the speed of increase of inflation as time passes by which makes it hard for normal people to get by. For an ordinary working class, sudden movement of inflation rate could greatly affect their budget.
If the inflation will continuously spike instead of toning down, the working class would be severely affected and what more those people who belong beyond the poverty line? The value of money will slowly depreciate because of high inflation rate. Hopefully, the government officials in charge will take good action regarding this matter so it won't go worse. Because if ever, those people protesting right now will grow massively to speak up.
Taking "good action" would require the Federal Reserve/Central Bank to rate hikes, and tightening the supply of the currency in circulation, which causes the economy to slow down. The choice then of the cabal would be to cause a recession to stop inflation, or leave inflation alone to advance into hyperinflation. What is your Central Bank doing?
Inflation will be difficult to avoid any country, the central bank that does not have strong control of the stock and circulation of money and goods will make inflation, especially the strongest economic country, the USA also experiences a surge of inflation so that it has a direct impact on the world, and for us the best is to continue to add Sources of income with extra work or investment.
Inflation really happens in every country. Even the richest country has inflation rate. What's not normal is the speed of increase of inflation as time passes by which makes it hard for normal people to get by. For an ordinary working class, sudden movement of inflation rate could greatly affect their budget.
If the inflation will continuously spike instead of toning down, the working class would be severely affected and what more those people who belong beyond the poverty line? The value of money will slowly depreciate because of high inflation rate. Hopefully, the government officials in charge will take good action regarding this matter so it won't go worse. Because if ever, those people protesting right now will grow massively to speak up.
Quote
High inflation occurs in almost all countries, my country which is usually inflation is not more than 5% per year but the Ministry of Economic Report said that inflation until June has reached 13% or has risen more than 2x compared to 2021, of course this is a serious problem let alone Pandemi not yet ends and is the cause of the increasingly difficult economy.
Yes, many countries are still struggle to overcome the inflation pandemic has caused to their economy, that is making their citizens to experience hardship in their land. I believe, many governments are fully prepared to end inflation in their countries, because inflation is not helping the government to make enough income from their sectors the way they used to make a huge amount of incomes from their sectors. Many presidents are planning to budget a huge amount of money to delete this inflation from their countries, so that their citizens can experience deflation in the country to enable them to live a good life in their various communities.
Inflation will be difficult to avoid any country, the central bank that does not have strong control of the stock and circulation of money and goods will make inflation, especially the strongest economic country, the USA also experiences a surge of inflation so that it has a direct impact on the world, and for us the best is to continue to add Sources of income with extra work or investment.
I think the main problem of inflation is that countries are too easy to make new money, when the amount or stock of money continues to increase it automatically makes its value decrease, of course we have to go back to the past financial system, namely using gold and silver which has proven to be effective and will never happen inflation.
The option of eradicating inflation by using gold and silver for payments does look good. But each state party also has to analyze this further because if it can only eradicate inflation but can cause other problems, I don't think it will be the best thing to implement now. Because the problem is not many countries have stockpiles of gold or silver in large quantities to be used in any payment system within the country.because if not it is not impossible that the state will cause other problems caused by the policy,
need to be careful in determining it
I remember protests in the last financial crisis (2008), and in all honesty, it did nothing. The only thing we got from it was BTC, and that wasn't really connected to actual protests. I am not saying that protests don't have their place, but regarding the financial crises, they have almost no impact.
It is because of this that direct action is way more effective than protesting, while protesters may look as people which are defending their rights, truth to be told they are just begging for better treatment from their masters, and as you may guess this will never be effective, so what it needs to be done is to take actions which protect us from inflation, investing in gold or bitcoin, avoid debt regardless of how tempting it could be and reduce our expenses are all measures which are way more effective than protesting when it comes to protecting ourselves, but since this requires self-discipline this is not something many people want to do. I think the main problem of inflation is that countries are too easy to make new money, when the amount or stock of money continues to increase it automatically makes its value decrease, of course we have to go back to the past financial system, namely using gold and silver which has proven to be effective and will never happen inflation.
The option of eradicating inflation by using gold and silver for payments does look good. But each state party also has to analyze this further because if it can only eradicate inflation but can cause other problems, I don't think it will be the best thing to implement now. Because the problem is not many countries have stockpiles of gold or silver in large quantities to be used in any payment system within the country. 
How long before the US joins in?
The great reset is upon us.
Anyways, these protests are frivolous. They will only backfire and will do nothing helpful. The government's hands are tied and everyone is suffering the same fate(thanks to corona). Instead of holding a banner, how about applying some brain and create your local businesses efficient by cutting unnecessary cost thus increasing profit margin and subsequently your wages too.
Force your management(through unions maybe) to adapt efficient methods and use it as a basis for wage increase. Protests will help no one.
We have to help each other in this tough time else no one will get through.
The great reset is upon us.
Anyways, these protests are frivolous. They will only backfire and will do nothing helpful. The government's hands are tied and everyone is suffering the same fate(thanks to corona). Instead of holding a banner, how about applying some brain and create your local businesses efficient by cutting unnecessary cost thus increasing profit margin and subsequently your wages too.
Force your management(through unions maybe) to adapt efficient methods and use it as a basis for wage increase. Protests will help no one.
We have to help each other in this tough time else no one will get through.
It lies upon what the media wants. Most of them are controlled by the elite in the country eg. In Trumps case, the palace was attacked by the crowd with just a little push by the media. If its still Trump in the position while committing lots of mistakes like how Biden did these days, Trump would have been assaulted by the crowd. Since he isn't in the position only the FBI raided his mansion.
The media always has the position to control the people, if they want someone kicked out. Its surprising that the laptop of Hunter didn't made the people of US protest widely but this is because the media didn't hyped it.
How long before the US joins in?
The great reset is upon us.
Anyways, these protests are frivolous. They will only backfire and will do nothing helpful. The government's hands are tied and everyone is suffering the same fate(thanks to corona). Instead of holding a banner, how about applying some brain and create your local businesses efficient by cutting unnecessary cost thus increasing profit margin and subsequently your wages too.
Force your management(through unions maybe) to adapt efficient methods and use it as a basis for wage increase. Protests will help no one.
We have to help each other in this tough time else no one will get through.
The great reset is upon us.
Anyways, these protests are frivolous. They will only backfire and will do nothing helpful. The government's hands are tied and everyone is suffering the same fate(thanks to corona). Instead of holding a banner, how about applying some brain and create your local businesses efficient by cutting unnecessary cost thus increasing profit margin and subsequently your wages too.
Force your management(through unions maybe) to adapt efficient methods and use it as a basis for wage increase. Protests will help no one.
We have to help each other in this tough time else no one will get through.
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