Topic: Inflation is a creeping beast - page 3. (Read 919 times)

If inflation is serving as a creeping beast to looming every economic progress then it's time we realized the need to create a resistive monster to tackle against it, we have different approaches we can adopt in the economy to achieve this, one can engage on sourcing for an alternative business or venture, investment on digital asset like bitcoin, adopt Dollar Cost Averaging (DCA) techniques, set a realistic budget with adequate planning, avoid unnecessary spendings, cut cost and always buy the dip.

Unfortunately, not that many people understand the current concept of the situation and that means we are going to end up with people thinking inflation could be solved with crypto and will fail to make money.

Reality is that when inflation happens that means something wrong with the world’s economy and yes, we had pandemic which caused printing of money to survive, which caused inflation, and that means it’s a whole world problem and now that there isn't any printed, not many people are left with that newly printed money. This causes everyone to have financial trouble, and when people have financial trouble it’s impossible for them to buy bitcoin.

If you think Bitcoin will become the main currency globally, it will probably take a very long time because until now there are still very many countries that do not see Bitcoin as an important currency and not everyone in this world is a Bitcoin user. So it still requires additional users in all countries so that each country can see Bitcoin as an important asset even though the currency of each country cannot be thrown away because it is still needed in life.

Actually, there are many ways to deal with inflation problems that can be taken by the government as well as by ordinary citizens, one of which is to increase production output, facilitate the entry of imported goods, stabilize people's income (wage level), set maximum prices, and carry out supervision. and distribution of goods. Source.

Inflation is a serpent and there is so much damage inflation does to us that we realize it so late that we have been attacked by the inflation
Everytime I go to market and when they are calculating the bill it's always way beyond my imagination - it gives me shock there and that shock last for around a minute.

The path ahead of us will not be easy, people are slowly realizing that the crisis we are facing is not like the ones we have seen before and there is a big possibility it will be way more intense, governments are also realizing this which is why they are trying what they can to reduce inflation, but if those measures fail then there will not be much governments will be able to do except to try to protect their currencies, and gold and bitcoin will be without a doubt on their sights, so I will not be surprised if at some point holding bitcoin was made illegal.

The funny thing is that when inflation gets worse, many of the government's policies in tackling inflation do not feel the impact. even inflation remains worse. Such as efforts to raise interest and taxes. and the reason is quite reasonable. but in reality it doesn't have any effect at all. and inflation is still getting worse. even add to the burden on society. and the beneficiaries are still from the government and the Bank itself. the solutions presented by the current government tend to be of little use. even more difficult for the economy of small communities. So it's no wonder that riots are getting crazier in some countries. public protests against the government issuing policies that are not in accordance with the aspirations of the people.
Food and Energy should be the main focus of every government. but the policies made it difficult for the agricultural sector. So many farmers have stopped being farmers. and converting agricultural land into new business land. so that agricultural land is getting narrower from time to time. and the interest of young people to become farmers is decreasing drastically. because the agricultural sector does not look profitable due to many government policies that burden farmers. such as expensive fertilizer but the selling value of agricultural products is dropping.

But prices come down as a result of supply shortage driven inflation. When demand increases because of too high of a money supply, the money that enters circulation is never going to be taken out. The Ukraine war is responsible for the energy prices being driven up in Europe, causing high inflation when the cost of goods go higher. That's not to say their COVID spending spree's didn't have a massive impact either.

Had the Ukraine war not occurred, you would have still seen a large inflation increase, just not to the degree we see now.

With inflation and global recession as the main issues lately, I really feel, Bitcoin will get its role where adopting bitcoin will be a good step in putting the currency on the right track as this currency is already gaining traction in the global market, BTC it can also be used as a cashless transaction with no limit on how much it can handle unlike other forms of banknotes. I think it's only a matter of time before it will definitely be used as a major currency.

There's no doubt that COVID has blown things up around the world and although some countries have not been hit too badly, it still has impacted the country's economy. Meanwhile, every country is still struggling to deal with the remnants of COVID (we can hope now is when COVID will end) so that inflation does not occur in their country. Although some countries have been hit by inflation, they continue trying to prevent inflation from increasing. I hear the cost of living in the UK has doubled from before, especially this winter.

It truly is. COVID amplified its impact around the world due to which global economies are under a lot of pressure leading to many countries literally on the brink of collapsing. It's very scary if you think about it.

Both developed and developing countries get affected to varying degrees(For example, UK is suffering thanks to its impact at the moment).

The problem is that, while you want to print more money for the more people that is available due to population increase, there are troubles coming along with it.

First of all, that money doesn't go to pockets of each new person, it goes to mainly companies which leaves even less for regular people, meaning the regular people have the same amount of money, whereas companies have more, the ones you printed, and inflation happens so regular people who have the same amount of money now need to pay more but don't earn more. Secondly inflation happens higher than the growth rate, if a nation grows at 2%, but inflation is 10% then it is over inflated as well.

I think it will be impossible to construct a decentralized currency because developed nations, no matter how much they wish to, will continue to struggle for power and remain hungry to control others. Even though gold has long been the preferred reserve, more nations control it than the rest of the world and it can be tracked using blockchain technology which is bad. As you may also be aware, governments regularly print large quantities of paper currency in an effort to undermine the very economies they are working to stabilize while also raising interest rates for their own gain, the government they say!

Let's be honest with ourselves, nothing can be decentralized as long as the government still controls it else, it wouldn't exist in their cycle.

Basically this is the result of the global economic crisis and inflation is also happening everywhere,
for a company or business they must take a policy by reducing the number of workers,
it's a challenge to face economic conditions like this

This is the reason why we shouldn't let our money saved without any movement at our bank accounts since in the long run we will be defeated by inflation and the interest given by them will be chunk which is not totally worth it. We should be a wise investor so that we can generate good money flow and can able overcome the outrageous effect of inflation brought up by crisis and other economical interruptions.

There are increased inflation rates throughout the world. As per a recent survey, the inflation rate in our county Pakistan is 45% which is way too high.

Another thing is that dollar rates are increasing worldwide and investors are more comfortable investing in dollars due to recent policies but no one realizes that dollar investment is not safe and also it is not an inflation free like bitcoin.

The only way to fight inflation is to invest in noninflationary assets like bitcoin.

Yes because a mob of people each with its own set of values with its own ideas will be extremely effective in completing a project, take a look around you and see what this decentralization does to projects in rural areas where there is a mayor, a council, the head of the prefecture a senator, a ton of other council members, a government and of course 1001 ana a half NGOs each with its agenda.

This whole decentralized everything is just ridiculous, just imagine if each village will act on its won and in one the highway will be 12 meters wide and in the other 10, one will use furlongs for it's road signs the other miles, one will use DC other AC power, decentralization on small levels is not efficiency it's pure chaos.



No, it's not and it's actually pretty simple to stop.
All you need to do is spend less, less demand on the market, and prices decrease, it's actually far easier than thinking suddenly the whole world will change to a decentralized currency, and the example is pretty clear, no matter what money printing, inflation in Japan hasn't managed to pass the critical 2% even if the government is bent on that task because simply put, people don't spend, there is no demand so no way produce will dare increase prices.

Why do you think the price of oil is going down, no buyers, no demand, look at the results.

The truth is that these large-scale investors and these large manufacturers and producers are not really suffering that much from the ill effects of inflation. You know what, I'm even amazed here in my country that despite all the economic downturns brought by the pandemic, the violence in Europe, the falling of our fiat's value compared to foreign currencies, the rising of prices, and so on, large businesses are registering high profit growth. This only means that however severe inflation is, these businesses thrive because all the burden is actually passed on to consumers.

The relationship between inflation and a decentralized currency is very far, inflation is influenced by several basic reasons, the currency owned by each country can be monitored by the competent authority, so there is no strong reason that inflation can be suppressed by this problem, the habit that occurs is precisely when the price of goods soars, is scarce and cannot be found in the market, inflation arises and cannot be controlled.

Especially regarding the basic needs of staple food as the fulfillment of the right for human survival, if this problem cannot be suppressed, then inflation will run beyond anyone's control.

Basically the reason inflation started was due to 2 things. First was the stimulus and second was the supply constrains. When the economy slowed down they stopped making cars and then all of a sudden everyone had stimulus money and started buying cars like crazy. And this created supply problems and demand was high and hence inflation went up.

Now to control it interest rates need to go up to prevent people from buying stuff they don’t need. We need to make it a privileged to hold cash in our savings account. Hence why they are raising rates.

Inflation won't go away but it could be slowed down.

Complaining won't really help you to survive but trying to look for some ways will. It's all survival after all and it's hard to do that if you're not capable of doing anything and even having a plan.

Although the government should play a big part of at least mitigating the situation and trying to do something so that citizens won't suffer a lot.