High inflation is causing GLOBAL protests - page 9.

Cryptmuster

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Quote from: TheNineClub on August 21, 2022, 03:37:13 AM

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.

This is what people have to do, this is how they show their position, this must be done otherwise nothing globally will change. I understand that they will not change anything right away, but my opinion is that if you do nothing and sit quietly, then in the end it will be even worse. It is too early to compare the crisis of 2008 and what is happening now, I think that now the first stages and all the most difficult is still ahead of us.

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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.

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Quote from: qwertyup23 on July 29, 2022, 06:35:40 PM

Ever since the war between Russia and Ukraine began, prices on the general commodities have been steadily increasing. Inflation has been happening globally as fuel shortages has been reduced with the ongoing war. There was also the news that Russia, as the biggest supplier of oil, cuts its channels with Germany. This heavily implies that we will be seeing oil prices getting more and more expensive, thus, driving your car will now be considered as a luxury.

This is now the reason on why investing into cryptocurrency may be the ideal situation. Something that is scarce is bound to increase its price in the near future. With inflation happening, there is a possibility that these countries may utilize the channels of BTCs that can ultimately increase its price on the market.

The first inflation was caused by the covid pandemic, the government pumped money while the pandemic raged to save the economy and that was the root cause of this inflation. Along with that, the conflict between Russia and Ukraine has caused the energy to skyrocket, causing inflation to rise rapidly and the risk of a global recession is gradually appearing.

In the past time, we can see that cryptocurrencies and bitcoin are also not immune to the effects of inflation, so there are many questions about whether crypto investment can fight inflation. Maybe it's still not this time.

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Quote from: Taskford on August 16, 2022, 07:13:19 AM

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.

We need to find ways to have more income flow because if we just rely on our 9-5 then we might face difficulties in life because for sure we will heavily feel the inflation happening these days, then might same with other people we might join the protest to the government against this current high inflation rate happening these days.

While true this is not something easy to do, many people in theory work a 9 to 5 kind of job but when we add the time needed to go to and from your job to your house and the unpaid overtime we can easily add 2 or 3 hours per day, so most people do not have the energy left to work even harder in the time they have remaining during the day, so even if people want to earn more money they simply are not in the position to try to do so.

Lubang Bawah

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Inflation is a serious problem in the economy, the prediction and budget of the state can be used up only to overcome inflation, when inflation occurs it automatically makes the ability to buy public, and slowly the production will stop and the problem becomes more complicated, inflation is certainly worth we are aware when the initial symptoms have emerged .

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Quote from: Taskford on August 16, 2022, 07:13:19 AM

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.

We need to find ways to have more income flow because if we just rely on our 9-5 then we might face difficulties in life because for sure we will heavily feel the inflation happening these days, then might same with other people we might join the protest to the government against this current high inflation rate happening these days.

Besides overtime and income diversification, we have no way to reduce inflation. Inflation in the US has decreased but inflation in the EU has not cooled down and is likely to continue to soar as winter approaches and their energy problem remains unresolved.
This will continue to weigh on the global economy, it will continue to affect us who will be severely affected.

wmaurik

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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.

The general impact of inflation is a decrease in people's welfare because the prices of basic goods that are often consumed by people in daily life have increased, while people's incomes always tend to remain constant for all jobs and this makes all people feel tortured and cannot enjoy life as usual. This I say after reading an article that presents the impact of inflation on the economy and there are also other reviews about what factors can cause inflation.

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Quote from: cabron on August 18, 2022, 02:47:10 PM

Wait til your government starts finding ways to collect more Tax, its usually the case for civil unrest and its happening in my country right now. And so is in US where they are now hiring more than 85K IRS agents.

Inflation, Recession and huge taxes are ingredients to civil war. Right now people are still going through enduring these sufferings but once they are fedup, it will be like Sri Lanka. A regime change by the people.

That is the case almost everywhere. Here in India, previously long term capital gains on equity, as well as dividends were tax-free. Now we need to pay tax on them. Contribution to the pension fund above a certain threshold was made taxable last year. On top of that, the highest tax bracket is now leached at 42% instead of the previous 35%. Taxes, both direct and indirect are going up. The excuse is that government needs more cash to deal with the economic slowdown that was caused as a result of the COVID pandemic.

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Quote from: $anounimus$ on August 16, 2022, 06:55:53 AM

If I'm not mistaken USD comprises more than 95% of the world's currencies. The euro makes up most of the rest, nearly 20%. If they continue to create inflation, or if they collapse and have no economic or monetary policy to return to, the world economy could fall like dominoes.

It is always good to know the economic situation in your country. Many things in life depend on money – including food, health, and education. So it's good to know these things. We must also realize that we are in a recession right now and many people have lost their jobs or lost their jobs. Things may seem bad right now, but there is hope for the future if we just spread the word to educate others about it so they can prepare for it.

That's certainly true, mate. The US Dollar is still the world's reserve currency, so anything that would impact its value would have a similar effect on other Fiat currencies. What's causing inflation is the disruption in supply chains and high gas prices because of the COVID-19 pandemic and the Russia-Ukraine crisis. If none of these things would've happened, inflation would've been completely under control. I don't think the FED's measure to raise interest rates is going to have any profound reduction in the USD's inflation rate. The US and its allies need to work together to stop the Russian-Ukraine war and contain the COVID-19 virus for the good of the global economy. Otherwise, things are going to get worse.

Many people are already suffering because of the high cost of living. The rich are becoming richer, while the poor, poorer. No one knows what will happen in the future, so we can only hope for the best. Just my opinion

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Quote from: sana54210 on August 18, 2022, 02:28:32 PM

Quote from: Rufsilf on August 16, 2022, 07:18:37 AM

The crisis started when the covid-19 pandemic hits worldwide, and next is the conflict between Russia and Ukariane. We can really see the suffering of many people, especially those who are living poor, those who just rely on their job, in fact, even average people have also felt what these poor people had experienced. We have seen and heard about a protest in many places but it guess what, this is not the solution to this problem instead, it even adds more. The government should take action and must listen to the community, and look for alternatives, not war.

Honestly, I am living a decent life and even I got hit. I am not saying that I am wealthy or anything, but I make a pretty good amount of money compared to my fellow citizens, and I have been doing pretty terrible for the past few months because of the inflation and we had protests as well. Don't get me wrong, I am still not living in poverty or anything, I really like my life and I can't complain because there are people living much much worse than me, I am thankful to god for giving me such a blessed life.

But, it is obvious that if I was doing that well and not doing so well now, people who were already not doing well must be basically starving right now.

Wait til your government starts finding ways to collect more Tax, its usually the case for civil unrest and its happening in my country right now. And so is in US where they are now hiring more than 85K IRS agents.

Inflation, Recession and huge taxes are ingredients to civil war. Right now people are still going through enduring these sufferings but once they are fedup, it will be like Sri Lanka. A regime change by the people.

sana54210

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Quote from: Rufsilf on August 16, 2022, 07:18:37 AM

The crisis started when the covid-19 pandemic hits worldwide, and next is the conflict between Russia and Ukariane. We can really see the suffering of many people, especially those who are living poor, those who just rely on their job, in fact, even average people have also felt what these poor people had experienced. We have seen and heard about a protest in many places but it guess what, this is not the solution to this problem instead, it even adds more. The government should take action and must listen to the community, and look for alternatives, not war.

Honestly, I am living a decent life and even I got hit. I am not saying that I am wealthy or anything, but I make a pretty good amount of money compared to my fellow citizens, and I have been doing pretty terrible for the past few months because of the inflation and we had protests as well. Don't get me wrong, I am still not living in poverty or anything, I really like my life and I can't complain because there are people living much much worse than me, I am thankful to god for giving me such a blessed life.

But, it is obvious that if I was doing that well and not doing so well now, people who were already not doing well must be basically starving right now.

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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.

That is why many governments don't joke with inflation whenever it occurred in the country than to find a way to end it before it will cause more damage to the economy in the country. Now that people are still experiencing another inflation in different countries of the world that is causing citizens not to feed well in the land, because of the high inflation which is not good for humanity, I believe, government will still do everything possible to end it like the way they overcame the one COVID-19 has caused some years ago that made many government to demand for more money from the central bank to end the inflation last year 2021.

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Quote from: xSkylarx on August 15, 2022, 05:24:53 AM

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

-snip

Here in our country, many people still blames the conflict between Ukraine and Russia, and the pandemic as well. They still can't admit that they elected a corrupted official that has no concrete plans with these economic issues. Some even blame the poor when they are protesting about the rapid increase of commodities. I'm just hoping for country to not go that far like what is happening on those places because my family can't afford to migrate to other countries.

The crisis started when the covid-19 pandemic hits worldwide, and next is the conflict between Russia and Ukariane. We can really see the suffering of many people, especially those who are living poor, those who just rely on their job, in fact, even average people have also felt what these poor people had experienced. We have seen and heard about a protest in many places but it guess what, this is not the solution to this problem instead, it even adds more. The government should take action and must listen to the community, and look for alternatives, not war.

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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.

We need to find ways to have more income flow because if we just rely on our 9-5 then we might face difficulties in life because for sure we will heavily feel the inflation happening these days, then might same with other people we might join the protest to the government against this current high inflation rate happening these days.

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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.

If I'm not mistaken USD comprises more than 95% of the world's currencies. The euro makes up most of the rest, nearly 20%. If they continue to create inflation, or if they collapse and have no economic or monetary policy to return to, the world economy could fall like dominoes.

It is always good to know the economic situation in your country. Many things in life depend on money – including food, health, and education. So it's good to know these things. We must also realize that we are in a recession right now and many people have lost their jobs or lost their jobs. Things may seem bad right now, but there is hope for the future if we just spread the word to educate others about it so they can prepare for it.

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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.

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Quote from: Baofeng on August 14, 2022, 06:32:48 PM

Or better yet, bitcoin invest is the better option to fight this inflation. As what we have been teach, at least save 6 months of money as buffer, in case some kind of emergency sets it. But the pandemic is very different though, no one was ready and it 's effect still lingers despite it being controlled now. So our money is useless and it's better to invest it somewhere like bitcoin or gold, or even diversify to stocks. We don't want to get caught in this inflation, so we need to react.

With every pandemic, comes an economic recession. It'll be up to us to act quickly by investing in safe-haven assets to help protect our purchasing power as much as possible. Governments will continue to print more money in order to artificially "pump" the economy. This translates into inflation, greatly affecting the average consumer. Despite the recent downturn of the global economy, Bitcoin hasn't moved anywhere (even though prices relative to Fiat declined at a very fast pace). It's censorship-resistant money no government or third party can take from you.

I think Bitcoin is even better than Gold because its portable and its supply is predictable. People just haven't noticed its true benefits yet. At least, we won't have to worry about inflation with Bitcoin as an alternative to the current monetary system. Just my thoughts Grin

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

-snip

Here in our country, many people still blames the conflict between Ukraine and Russia, and the pandemic as well. They still can't admit that they elected a corrupted official that has no concrete plans with these economic issues. Some even blame the poor when they are protesting about the rapid increase of commodities. I'm just hoping for country to not go that far like what is happening on those places because my family can't afford to migrate to other countries.

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Quote from: bitgov on August 07, 2022, 06:37:47 PM

If proctest would have been helpful ..... everyone would have been protesting and getting their demands full filled.
But this is not no solution the only solution is to get financial freedom and earn as much as you could.

Great fuckin' words of wisdom there, dude.

I'm reading the last page of this thread, and it's filled with shitposts talking about bounties or in extreme generalities such that there's no meaning to what's being written. OP, you might want to lock this thread up.

As for the protesting, I'm not sure what it's accomplished in the month since this thread was started, although I'm all for people's right to take to the streets and make noise. Unfortunately, that might be the only effect it has. Whether the people behind the monetary policy in any given country are elected or not, the average person who gets hit the worst by inflation has very little power or influence and can't do much to help the problem.

But what else is new? The world has been through many inflationary cycles before, and this one will have an end point eventually. How much financial pain we all have to endure in the meantime is anyone's guess.

STT

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have control over the money supply.

In this case its literally restriction of supply to wheat and other base ingredients. No price can buy what isnt there and the richest people closest to the source of supply will take most of the food is the obvious result leaving very little food for more distant or those less able to pay.
I guess control of the money supply gives that new money to those closest to the FED or similar, it is unfair bias. However its also the case countries must have a capability to produce not just buy, food and other commodities are so unique they cannot be replaced easily.

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