Topic: Inflation hitting the world every year - page 2. (Read 619 times)
Although inflation is unavoidable but you don't need to get problem with that as long as you have multiple source of income for sure you will not get any headaches towards this issues. Also make sure to elect the official who have political will since they will help their citizens to conquer those problems unlike with those corrupt officials where the only concern is to make their pocket full and didn't care about critical issues which can make the life of their citizens more harder.
From government data the inflation in my country is around 8% per year, but the fact that I get is the price of basic necessities has increased more than 15% in the current year, this proves that inflation is a big problem that can make many people poor and difficult to survive.
After the first coronavirus get into world,most of the country facing huge inflations.Even America,China had faced some how influential inflation.Now the wars tooks play of corona,so huge economy crisis in most of developing nations.The cost price for the food is huge that many Ukraine new country,the still support Ukraine.But they are very small country with huge spririt of the nation.
two main reason that become main inflation trigger around the world now, commodity supply to europe which most come from Russian stopped due invation sanction. no supply meanwhile demand increase make commodity price will increase , oil and food commodity be an example of this.Many countries should learn from the problem of inflation, it's time for us to use a more stable financial system, and actually what ancient civilizations did, namely only using gold and silver was the right thing, if gold and silver is currently very difficult because of the large amount of stock. limited, the country can make cryptocurrencies with a fixed amount so as to avoid inflation.
no stable financial system could guarantee inflation will stopped as long as there is no supply to commodity that needed by most countries, or if government keep printing fiat everyday. even with bitcoin or cryptocurrency builded ,its not enough to stop inflation rate.
Inflation or a decrease in the value of money occurs because of 2 things, namely the amount or stock and demand, when there is too much money stock while the circulation of money is very slow then inflation will certainly occur, and the country of zimbabwe is a country that has the biggest inflation problem in history due to buying A kilo of eggs takes more paper money than a basket.
Many countries should learn from the problem of inflation, it's time for us to use a more stable financial system, and actually what ancient civilizations did, namely only using gold and silver was the right thing, if gold and silver is currently very difficult because of the large amount of stock. limited, the country can make cryptocurrencies with a fixed amount so as to avoid inflation.
I Have been observing the way price of things are going up right from 2013 up till this time , add to the pandemic in 2019-2020 that caused high level of inflation to the world. Things are getting more expensive everyday both the rich and the poor are complaining of it and it seems the price of things will keep on getting higher. I'm thinking how will the world cope with inflation in 50 years coming 🤔, instead of price of things to come down a bit but it keep on rocking higher. I think the best thing to have in mind is to expect more inflation and to prepare how to tackle it in years coming.
Bitcoin could be used as a defensive strategy to tackle inflation. But the problem is there is not enough bitcoin in circulation so that everybody will get a chance to brace for the impact of the upcoming economical disaster. A low circulation supply means a high chance of financial growth of bitcoin and a raise in PPP. But it also creates a challenging environment for the middle class and poor to acquire bitcoin.
On the other hand, many big companies are accumulating bitcoin, which will give them unchallenged power over people, which could be a reason behind instability because companies will fight each other for total control of the market.
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After the first coronavirus get into world,most of the country facing huge inflations.Even America,China had faced some how influential inflation.Now the wars tooks play of corona,so huge economy crisis in most of developing nations.The cost price for the food is huge that many Ukraine new country,the still support Ukraine.But they are very small country with huge spririt of the nation.
I think, many countries are fully ready to eliminate this inflation that is affecting their economy and their citizens. I believe many countries are preparing to print more money to end this inflation from their various countries, so that it will enable people to live well comfortably with their families without experiencing inflation in their land. Any moment from now the price of food stuffs will definitely decrease because many countries are fully ready to legalized bitcoin in their various countries to fully prepared to join other countries that made bitcoin legalized in their countries to eliminate inflation from the world economy.
Maybe countries that have gold and silver coins like those in Arab countries that have never heard of inflation, of course this is a problem of paper money that makes the government free to print money as desired without ever seeing the amount of stock and demand, inflation will continue if the state does not care with 2 things, namely stock and demand.
You raise some good points. It’s entirely possible that inflation is here to stay for more years to come. I sure hope that’s not the case. For the last decade inflation was hovering around about a half percent, now all of a sudden it’s on average somewhere between eight and nine percent, that’s just insane. This is certainly going to cause some issues long term. Many people who need money to pay for these extra inflation charges are going to end up saving less and making the retirement class all the more not ready.
Along with the recovery of economies after the great impact of the pandemic, inflation has increased sharply in many countries around the world, reaching multi-year records. The cost of living, food, energy and goods are all higher than usual. Most major central banks remain confident that any increase in inflation will be temporary and easily tame without significant policy tightening. However, the widespread commodity price increase is not just a passing moment and many things are becoming more difficult to control.
Around the world the economic conditions were worse. Based on the systematic approach it takes atleast 8 years to experience the disturbed economy to be rectified. Everything started with covid-19, and the impact hasn't got over yet. After a long things got settled around, but once again in the Chinese State complete lockdown have been announced. Once again anytime old lockdowns can affect the economy. However these lockdowns have made people go digital and so more people from third world countries have changed their lives.
I Have been observing the way price of things are going up right from 2013 up till this time , add to the pandemic in 2019-2020 that caused high level of inflation to the world. Things are getting more expensive everyday both the rich and the poor are complaining of it and it seems the price of things will keep on getting higher. I'm thinking how will the world cope with inflation in 50 years coming 🤔, instead of price of things to come down a bit but it keep on rocking higher. I think the best thing to have in mind is to expect more inflation and to prepare how to tackle it in years coming.
The world system of money circulation connected the whole world like a cobweb. Inflation spreads to all countries and countries with weak economies are the first to suffer from it, which have a large share of imports. Wages can't keep up with rising commodity prices. In order not to feel the need, it is necessary to have investments in the form of shares or real estate. Such real assets grow with inflation and their value will always be real in the market. The situation is not always equally unstable and I think you just need to survive this difficult time.
There won't be a pandemic continuously happening in the next 50 years, so expect that things will start to recover as soon as the COVID-19 pandemic is completely gone. Unfortunately, though, there is the Russian invasion of Ukraine which rocked the prices even more. The timing is really bad. I hope this won't last long.
As far as inflation is concerned in general, though, things are already designed for it. We don't need to tackle it as if it is an uncommon phenomenon. But let's not commit the mistake of saving too much in fiat as the interest in banks is normally lower than the inflation rate. Well, at least we have Bitcoin as a saving alternative.
Covid-19 might be gone, however, there's no guarantee that a new infectious disease doesn't appear in the upcoming years. Overpopulation, poor hygiene in several parts of the world, pollution, globalization are some possible causes for such diseases. Let's take into account that the Spanish Flu was spread throughout the world due to mass transportation of soldiers, while the terrible living conditions during the war may have contributed to the emergence of such an infectious disease, which quickly turned into a pandemic.As far as inflation is concerned in general, though, things are already designed for it. We don't need to tackle it as if it is an uncommon phenomenon. But let's not commit the mistake of saving too much in fiat as the interest in banks is normally lower than the inflation rate. Well, at least we have Bitcoin as a saving alternative.
And the fact that this pandemic is not yet over because of the new variants coming up. However, it seems that this will be considered endemic to us very soon. And now, with the event of Russian war. Another reason why inflation is keeping at bay. I believe, we can't escape from this situation but just do our part to survive these days. We can't rely from our government's help but need to look for our options on how to look for additional sources to make a living.
There won't be a pandemic continuously happening in the next 50 years, so expect that things will start to recover as soon as the COVID-19 pandemic is completely gone. Unfortunately, though, there is the Russian invasion of Ukraine which rocked the prices even more. The timing is really bad. I hope this won't last long.
As far as inflation is concerned in general, though, things are already designed for it. We don't need to tackle it as if it is an uncommon phenomenon. But let's not commit the mistake of saving too much in fiat as the interest in banks is normally lower than the inflation rate. Well, at least we have Bitcoin as a saving alternative.
Covid-19 might be gone, however, there's no guarantee that a new infectious disease doesn't appear in the upcoming years. Overpopulation, poor hygiene in several parts of the world, pollution, globalization are some possible causes for such diseases. Let's take into account that the Spanish Flu was spread throughout the world due to mass transportation of soldiers, while the terrible living conditions during the war may have contributed to the emergence of such an infectious disease, which quickly turned into a pandemic.As far as inflation is concerned in general, though, things are already designed for it. We don't need to tackle it as if it is an uncommon phenomenon. But let's not commit the mistake of saving too much in fiat as the interest in banks is normally lower than the inflation rate. Well, at least we have Bitcoin as a saving alternative.
After the first coronavirus get into world,most of the country facing huge inflations.Even America,China had faced some how influential inflation.Now the wars tooks play of corona,so huge economy crisis in most of developing nations.The cost price for the food is huge that many Ukraine new country,the still support Ukraine.But they are very small country with huge spririt of the nation.
The standard for prices many years ago was deflation and people immediately think this equates to losses when it just means the prices on average fell. The reason that happened is the monetary standard was fixed and not mass produced to serve debt obligations of the issuing government, this was a reality for many decades.
IF your money was worth more every year it means even the normal people become richer, the common working class are better off; imagine that impossible reality now and it does explain why many struggle even those families with 2 people working are not doing well in supposedly rich countries which makes little sense.
Commodities are going to boom over the next decade, the world requires these resource and like an auction the price is going to be bid up continually.
IF your money was worth more every year it means even the normal people become richer, the common working class are better off; imagine that impossible reality now and it does explain why many struggle even those families with 2 people working are not doing well in supposedly rich countries which makes little sense.
Commodities are going to boom over the next decade, the world requires these resource and like an auction the price is going to be bid up continually.
The destruction of nature and the occurrence of landslides, earthquakes and inflation, are actually not the result of nature, but man-made themselves, they created nuclear and sophisticated weapons then they experimented with other countries, and destroyed the economies of other countries, so that inflation occurs, it's a shame after they created sophisticated nuclear weapons, then they looked for enemies, to be able to destroy other countries, so that the economies of the warring countries weakened, and they could freely control the countries they were fighting.
Well really to build all those weapons and all that potential comes from the taxes that people pay, rather the whole system is corrupt because the rulers themselves are the ones who want more things and more money, that is why they resort to doing various solutions thinking about their particular economy and not theirs, for this reason there is the printing of cash bills and local currency devaluations, which is what gives them liquidity.This is a big problem that has always existed, that is why the traditional economy has many flaws and vulnerabilities, inflation is the Achilles heel of the traditional economy, it will always be like this.
There won't be a pandemic continuously happening in the next 50 years, so expect that things will start to recover as soon as the COVID-19 pandemic is completely gone. Unfortunately, though, there is the Russian invasion of Ukraine which rocked the prices even more. The timing is really bad. I hope this won't last long.
As far as inflation is concerned in general, though, things are already designed for it. We don't need to tackle it as if it is an uncommon phenomenon. But let's not commit the mistake of saving too much in fiat as the interest in banks is normally lower than the inflation rate. Well, at least we have Bitcoin as a saving alternative.
Covid-19 might be gone, however, there's no guarantee that a new infectious disease doesn't appear in the upcoming years. Overpopulation, poor hygiene in several parts of the world, pollution, globalization are some possible causes for such diseases. Let's take into account that the Spanish Flu was spread throughout the world due to mass transportation of soldiers, while the terrible living conditions during the war may have contributed to the emergence of such an infectious disease, which quickly turned into a pandemic. As far as inflation is concerned in general, though, things are already designed for it. We don't need to tackle it as if it is an uncommon phenomenon. But let's not commit the mistake of saving too much in fiat as the interest in banks is normally lower than the inflation rate. Well, at least we have Bitcoin as a saving alternative.
I do understand the governments a bit. I mean if they didn't printed money and gave away to people, how would people survive this situation? We had soooo many people unemployed and not being capable of paying even rent, let alone groceries and many other things. Governments needed to help both the companies and the workers in order to keep the world going until they get back to work. This wasn't really like years, it was just few months in between during a 2 year period. This is why I do understand it because there was no other solution. However, with companies still making billions upon billions of profit during this time, it could had a "pandemic tax" for any company that made over a billion dollars in profit. Just to keep it going for a while, it would have been deleted, not a tax that would stay forever, already be gone right now for example, just to help off-set some of the costs. I can't think of any other idea aside from pandemic tax on the wealthy, and printing money, those are the only two that comes to my mind. It hurts us when you look at the inflation, but even though it was a bad thing, it was a thing we needed for sure.
Inflation will continue to occur anywhere, this is because the central bank does not have tight control over the money in circulation, if the country needs money, the central bank will print money according to demand, this is what makes the amount of money always increase and makes inflation happen anytime and anywhere in the world. the whole world.
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