Inflation hitting the world every year - page 4.

sunsilk

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Quote from: Masplanc on March 28, 2022, 05:02:01 PM

It is normal things can't be the same , price of things must go high. Their was never a time when price of things has been stagnant for a long time. Inflation some how shows that the economy is kind of growing.

And we might not see that time again when most prices for goods have been stagnant. This time, there's no other direction but just to keep going up and high.

Inflation really is going up when several factors have been contributing to it. Just like the war and its results of having economy sanctions and high prices in oil.

Also, the latest news about Saudi Aramco. These factors that are related to oil is one of the big reason why inflation is rising. The domino effect goes on.

fiulpro

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Ofcourse
That is natural.
Inflation does increase the price every year of the utilities and other essential things like the food and drinks and that's something that you cannot deny, the world is ever changing and therefore at the end of the day it's essential to respect that, what we should be scared of is *over inflation* which is when the inflation goes beyond 1% -2% , it does not just systemically increase the price but at the same time it causes problems for the people who are living in that country. It's not really going to balance itself out if they don't increase the salary as well, which we do not see happening eventually causing disruption and loss of jobs, worker's protests and other things.
Government needs to balance it, printing the right amount of money and increasing the wages accordingly. Providing new jobs according to the sectors and then making sure that the development goes in order.

dark1234

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There are many causes of inflation in every country but basically because of the declining economic growth caused by human growth and the difficulty of employment this will continue to occur considering the value of an item from year to year has increased which is not in accordance with the development of the economic welfare of the community.
So if you want inflation to be controlled, a country must be able to grow the community's economy so that it can progress one of them is imitating countries that apply blockchain and crypto technology to support the domestic economy industry

awik p

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Quote from: bluebit25 on March 29, 2022, 04:35:28 AM

Opportunity does not come to all of us, and I know that the economic crisis will make the rich richer and the poor poorer. After a long period of suffering from the impact of the pandemic, I believe that many people are realizing the opportunities and making safe decisions for themselves. There are many things that are really difficult to describe when I also feel the cost of living is increasing and making money is not easy if you do not have a good skill in technology and industry. career pursued.

Yes, we feel that the cost of living is increasing and making money is getting more and more difficult. to be precise, it is not getting more difficult, but we are the only ones who have not been able to adapt to the times. many people are suffering from this inflation, and increasing poverty is getting higher, because many of us are experiencing economic pressures in life, so a lot of us are seeing higher crime rates. Until when will inflation continue to suffocate the lower classes, there should be a new system that can prevent inflation.

bluebit25

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Opportunity does not come to all of us, and I know that the economic crisis will make the rich richer and the poor poorer. After a long period of suffering from the impact of the pandemic, I believe that many people are realizing the opportunities and making safe decisions for themselves. There are many things that are really difficult to describe when I also feel the cost of living is increasing and making money is not easy if you do not have a good skill in technology and industry. career pursued.

Wind_FURY

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Quote from: Sebas.tian on March 28, 2022, 11:34:41 PM

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This has been the problem since then, no one can stop inflation and we should deal with this. The government should already understand that every year, the price continues to rise and could result to a higher inflation especially if they didn’t do something to slower it. That’s why its advisable to invest our money to beat inflation, we should not save it on a bank, better to let your money work for you.

Disagree with you, because government can stop inflation not to occur or spread in the land by demanding for more money from the central bank and creating a good environment for crypto users in the country. It is the responsibility of the government to fight inflation immediately before it will reduce the citizens and country economy to zero level in the country.

That doesn't make sense. "Demanding more money" from the Central Bank/Federal Reserve literally suggests more money printing and the expansion of the money supply. It's literally QE. The Federal Reserve can only stop inflation by raising interest rates, reduction of the balance sheet through Quantitative Tightening, which will also crash the economy.

But will the cabal crash the economy? I believe they won't. Especially not with the narrative changes they expect everyone to believe every four months. Cool

HODL Bitcoin, prepare for hyperinflation.

Sebas.tian

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Quote

This has been the problem since then, no one can stop inflation and we should deal with this. The government should already understand that every year, the price continues to rise and could result to a higher inflation especially if they didn’t do something to slower it. That’s why its advisable to invest our money to beat inflation, we should not save it on a bank, better to let your money work for you.

Disagree with you, because government can stop inflation not to occur or spread in the land by demanding for more money from the central bank and creating a good environment for crypto users in the country. It is the responsibility of the government to fight inflation immediately before it will reduce the citizens and country economy to zero level in the country.
Since the government has legalized decentralized currency into the country, it will be favourable to citizens to more active in crypto investment than fiat investment because of what happened during the pandemic that made many people not to achieve good income from their bank because of the money that was devalue during the pandemic period.

adaseb

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It’s getting pretty bad. I remember shopping a year back for certain items which were $2, and now they are like $3.50 or so.

My electricity bill is exactly double with the exact same usage. Gasoline is probably surpringly the lowest inflated because it only seems like 20% higher than a few years back.

However everything else is just getting way out of hand. Can’t buy groceries anymore for less than $100 these days pretty much.

Masplanc

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It is normal things can't be the same , price of things must go high. Their was never a time when price of things has been stagnant for a long time. Inflation some how shows that the economy is kind of growing.

bitzizzix

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Inflation will always exist and increase, and inflation in the economy is mandatory as long as it is not too high, the increase in the price of goods shows that the demand side is still high, economic growth and people's purchasing power is still growing.
This means that the increase in the price of goods is caused by an increase in demand, an increase in the price of this type of goods is good for producers. This also means that the economy moves faster because of people's purchasing power, if people's purchasing power increases, it means that the country's economic growth can also increase.
and the occurrence of inflation will also adjust and compensate as a whole and not stagnate.

Xal0lex

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Quote from: Rockstarguy on March 23, 2022, 05:58:47 AM

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.

Cryptocurrencies are well suited to fighting inflation. It is no secret that money is printed at high speed and is not backed by anything. Many stock market companies are already switching to cryptocurrencies to preserve the value of their assets. Even though the Fed has phased out its bailout and stimulus program for the economy and businesses, in the not too distant future it may resume and money will start to lose value again. This has been happening on a slightly different scale lately than before. Primarily because of COVID. The next time the printer may start to accelerate because of the crisis against the backdrop of a tense geopolitical situation.

boyptc

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Quote from: Rockstarguy on March 23, 2022, 05:58:47 AM

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.

Inflation is inevitable.

This is the reality just like taxes, no one can stop its existence. Let's just embrace and be prepared to face it through having multiple sources of income and be wise in spending money.

If you're usually a person that spends on some stuff that you don't really need then it's now time to be practical and live frugally.

gantez

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Quote from: TheGreatPython on March 26, 2022, 04:07:14 AM

And for sure cryptocurrency shouldn’t be the only thing that we are into, we can as well have a business or a job (but it’s best to be self employed if you can) and making sure that we are generating income from different sources.

Having different income source will really take away the burden of inflation from us because having such then you can solve your financial situation or problem without really looking at the inflation. The problem is with government and not individual that are selling goods but if you have multiple sources of generating money, you won't feel the heat of inflation even where it is high in the country because if there is inflation you will purchase little for big sum of money but alternative source of income help to reduce the effect on your pocket.

TheGreatPython

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Quote from: Vatimins on March 23, 2022, 08:35:46 AM

Inflation is real and is gere to stay even after we are long gone. I pity the next generations to come though. Anyway, knowledge is power, and inflation wouldn't be that much of a scary problem for anyone who knows how to diversify assets. And I don't mean just crypto currency. If you only see crypto currency as the only solution to inflation, then you're fcked. You need to read more then. I just hope that people would be more aware with the wide variety of ways to protect themselves from the inevitable inflation problems.

Inflation is nothing new at all, it has been happening for long. But one thing for sure is that people has always survived it and they will continue to survive it no matter what. It’s not like if there was no inflation that everyone will be rich. Even if there is nothing like inflation, there are still going to be poor. People who know the right choices to make and invest wisely will always be the ones to get rich.

And for sure cryptocurrency shouldn’t be the only thing that we are into, we can as well have a business or a job (but it’s best to be self employed if you can) and making sure that we are generating income from different sources.

so98nn

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Prices going up for the things and we ending up in the inflation is entirely different aspect. If you saying xyz cost more than usual may be 3-4-5% hikes in the rates every year then I am not surprised because thats how the costs go up due to changes in the taxations, raw material costs going up etc. Now that is called as gain in the costs due to demand and pricey supply chain.

However, inflation is like things getting flooded with heavy cost. May be price hike of more than 10-20 or higher % gain in EA. This is not because of raw material getting costly but this is because money getting devalued for unit prices.

I think thats simplest explanation of it. Moreover, in the first case, our salaries, business capital gains etc also rise. We call it as Salary hikes, to compensate the financial balance.

adzino

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Quote from: Rockstarguy on March 23, 2022, 05:58:47 AM

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.

And that is why we need bitcoin to hedge against this inflation. Some even say that it is better than gold. No "printing" (mining) extra bitcoins like you can do with fiat. There is a fixed supply of bitcoin unlike fiat whose supply can be manipulated whenever the government wants. Holding fiat gives you nothing, but holding bitcoin give you gains in the long run. And most importantly, bitcoin isn't tied to any economy, currency, government or country. Hence, any bad affects on any of those thing will just cause a short term effect on bitcoin, but in the long term, it will remain unaffected by those factors.

Gyfts

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Quote from: Lucius on March 23, 2022, 07:08:58 AM

Quote from: Rockstarguy on March 23, 2022, 05:58:47 AM

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.

Some natural inflation is quite normal and expected, and the average person will certainly not feel it too much on his skin if his government adjusts wages to rising inflation. Some 10 years ago, the price of 1 kg of bananas in my country was about 0.7 EUR, today it is about 1.4 EUR, which means that it has doubled - but the average salary has more than doubled, so no one complains about the price of bananas.

The problem is when the price literally jumps by 100% overnight, so the price of 1 liter of sunflower oil is now just under 3 EUR, and until recently it was half as low. No country can solve this problem in the short term, which means that purchasing power is drastically reduced, and people have to give up a lot of things to survive. The pandemic and economic policies of most countries of the world are paying off, and on top of all that, Russia's aggression against Ukraine is making the situation even worse.

I'm not a pessimistic person, but hard days are ahead of us - luckily for those who were intelligent enough to invest in Bitcoin, things will still be a little easier than for the average man who is completely addicted to fiat.

There's nothing natural about inflation. Central banks purposefully use inflation to keep currency in circulation in order to control economic activity. The banks target it at 2 percent, or so we're told. The reality is that endless printing results in the inflation rate much higher than what they target. The normal supply and demand model shouldn't be influenced by the total money supply (at least that would be a problem Bitcoin would solve). The pandemic suppressed the supply, but demand increased when most governments decided to close up their economies and stimulate them artificially by printing currency.

Scripture

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This has been the problem since then, no one can stop inflation and we should deal with this. The government should already understand that every year, the price continues to rise and could result to a higher inflation especially if they didn’t do something to slower it. That’s why its advisable to invest our money to beat inflation, we should not save it on a bank, better to let your money work for you.

bitgolden

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Quote from: Sebas.tian on March 25, 2022, 04:38:15 AM

it will definitely shake everyone, because of the pandemic that affected world economy some years ago. Many government are trying their possible best to stop the inflation not to shake their citizens and economy for future. This global change in world politics and economics will really help people to learn so many things from the past inflation that occurred during the lockdown that took over one years and some months to enable the government to have a good plan ahead. People has reduced their expenditure, since this global change in world politics and economics has occurred which is really helping them to economize the resources to sustain through out the economy situation.

When the whole world stopped for 2 years, recovering from that will not be easy at all. People were basically paid to stay at home and not work which we all know can't happen and wouldn't help. This was the main reason why inflation happened. Now we are in a world where everyone is back at their work, but the world got a lot more expensive because of the free money people needed, they did needed that so it wasn't a wrong move, but that just created some inflation.

Companies are not suddenly making more, sure there are some but not all, and they can't pay people according to the new inflation since they are not making that kind of profit.

stepwilli

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Yea, you’re right and that worries me at times. Things are getting expensive and it seems like nothing is being done about it at all. What are we going to do about it this situation that seems to have no solution at all?

For those of us who are already part of the cryptocurrency community, we have bitcoin and we can invest in it as a hedge against inflation, what about other people who don’t know about Bitcoin or they don’t have any clue about investment in any asset at all? They will be stuck with Fiat that will keep on losing its value all the time. It’s very important to have a good job or business at this time.

Topic: Inflation hitting the world every year - page 4. (Read 619 times)