Inflation hitting the world every year - page 5.

Sebas.tian

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I think in the coming years everyone will be shaking a lot. Now there is a global change in world politics and economics, and this will affect everyone without exception. Perhaps we do not need to make sudden movements and large expenditures of money now. It will take some time for the situation to stabilize. There is a possibility that it will take several years, but we have no other choice.

Yes, 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.

Moneyprism

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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.

that's the role of the government to be able to improve the welfare of their citizens.. if the income of a citizen increases every year, this can solve this inflation problem, but if not, this will actually be a new problem for the country

Kimonoe

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inflation will not be avoided by fiat currency. every year will certainly increase. but we are lucky to be able to save our fiat currency into bitcoin, so this can anticipate rising inflation that is increasing. actually there are some other investments such as property that can anticipate inflation, but they require large funds, unlike bitcoin, which no matter how much money we have can be saved

Zilon

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Inflation is a result of high cost of production and scarcity of raw materials. Fiat exchange rate in the international market too is also a key player and happens mostly when a country depends solely on importations with less or no domestic production and very low exportation rate. The only way Inflation can be managed is if there is alternatives to raw materials and well equipped production with minimal or no exportation. But many countries keep depending on other countries for survival and so inflation will be unavoidable

Wexnident

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The thing is inflation is something that was man-made. Pretty sure having inflation is actually good for the economy, and not exactly something that would damage us. Just that I think the government hasn't exactly been dealing with the inflation properly, and well there's also the stuff that's been happening in the past few years, from the pandemic to the war and probably a lot more issues that I'm not familiar of that affected the current state of the economy.

The best option would be to use safe assets to keep the value of your assets safe, the usual stuff most people say. Basically invest in Bitcoin.

kryptqnick

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First of all, inflation is just how fiat works. A 5% inflation rate is considered healthy to motivate people to spend their money (knowing that in the future they'll be able to buy less with the same amount of money is supposed to motivate consumers). Secondly, it's been a bad few years. 2020-2021 were hit by the pandemic, and 2022 is still somewhat affected by it. Then there's also the Russian war against Ukraine which affects perception of geopolitical stability, and sanctions as well as businesses pulling out from Russia will affect global economy (as well as Ukraine's inability to export key products like grains and oil to developing countries which rely on it). And yes, expecting inflation and expecting it to get worse is reasonable. Luckily, there are cryptos with limited supply which are not susceptible to inflation.

Erumo

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I will open you a secret, prices were increasing long ago 2013. I think whole my entire life every one around was hit by inflation. Anyone able to name a country where deflation was more than a year? The world develops so quickly, so many things are on demand, people need more and more money for their wishes, no wonder there is always an inflation.

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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 a core ingredient on how the current economic model is understood, after all if you take a look at how much of a product you could buy 100 years ago with a dollar and how much you need to pay for that same product now you will see that the purchasing power of the dollar has collapsed during all that time while gold has done a good job at being a store of value, however there are periods in which inflation goes out of control and that is when things get even worse, and I think we are getting close to that scenario once again repeating itself.

Reid

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You are right! I hope you made an example like one item's price that keeps on going up. But it's okay, I understand because I felt it too.
When you are the one going to the supermarket, you see things. Anyway, I do report it to my wife. Grin

How can we cope with this situation? I think the better way is to save more. Another is to change habits, if there are bad ones, take it off the cycle to feel how much money you are saving.
Junk foods, sugars, and more. Although, even vegetables and fruits price are increasing. Maybe something that could fill our bellies that ain't expensive.
When it comes to transportation you could change from riding a car just 3 blocks away to riding a bike. We are the ones that are affected but we are also part of it, so the change could also start from us.

Freeesta

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I think in the coming years everyone will be shaking a lot. Now there is a global change in world politics and economics, and this will affect everyone without exception. Perhaps we do not need to make sudden movements and large expenditures of money now. It will take some time for the situation to stabilize. There is a possibility that it will take several years, but we have no other choice.

Gozie51

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Inflation is the result of improper planning by the people who are suppose to do that and they are the people who control political power. Politics is the cause of certain economical ineptitude that the world is facing as challenge. Man is a political being but the problem is they allow that to have control over them because of their selfish self and so they take wrong decision for benefit of few that is part of them, they take decision across religious line, affinity, region etc, these are the problems that is leading to inflation and this wrong decision taking is currently on the high side. Therefore we may continue to witness this increase in inflation longer time than we know.

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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.

It is true the price of things are expected not to remain the same forever. sometimes the rate at which price of things go high overnight it is supposed to fall back even if it doesn't fall back to it normal price but the price keeps on increasing from time to time, it as if the government is benefiting from inflation, I know they have the power to bring down price of anything.

Vatimins

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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.

Lucius

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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.

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.

Oluwa-btc

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Inflation now ongoing is largely caused as a result of the Ukraine invasion... Russia a major supplies of energy and gas, is fighting a battle and with sanctions placed on them not to supply and sell their gas,oil and energy has caused inflation.

The Law of Demand is Simply at Play, When the the supply of goods is on the rise and the lower the supplies as it is at play now.
My country Nigeria with it's fucked up currency is finding it difficult to meet up with the current increase of prices.
Current inflation shows that energy, oil and gas are on the main driving force of a country.

Doan9269

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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.

Once an inflation in commodity price occurs it never deflated back to the normal price again even after the economy balanced, this has indeed been a major concern for businesses to thrive.

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

both the rich and the poor are complaining of it and it seems the price of things will keep on getting higher.

The rich will always get to afford buying at any price while the poor is left with no alternative than to walk away, and this is one of the reasons for increasing insecurity in the society because many will be frustrated to forcefully find a survival means either by stealing or scamming people just to make a living.

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

I think the best thing to have in mind is to expect more inflation and to prepare how to tackle it in years coming.

Definitely things can't continue to be the same way it has been, that's why having an alternative to every source of income is very necessary.

davis196

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The US federal budget deficit is bigger than the GDP of several big countries(AFAIK,it was somewhere around 4.5 trillion dollars).What else do you expect?
The politicians want inflation,but they will never publicly admit it.
Things would have been different,if the USA didn't have such budget deficit and the Federal reserve wasn't printing billions of dollars every day.Getting into debt is addictive.Inflation is also addictive for the central bankers and politicians.It's like having a platinum credit card and never paying off your debts.
Nobody knows what will happen after 50 years.I'm sure that the fiat financial system will have to face some kind of big reset.Probably billions of dollars would be removed from circulation and destroyed.
I big part of the US federal debt will have to be "shaved" at some point.

LoyceMobile

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Inflation is not a law of nature, it's man-made. Money printer goes Brrrrr means money loses it's value.
And that's why I love and central banks fear Bitcoin: they can't create more of it for their own agenda.

Rockstarguy

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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.

Topic: Inflation hitting the world every year - page 5. (Read 612 times)