Inflation is a creeping beast - page 4.

Cling18

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Quote from: jaberwock on September 28, 2022, 10:08:49 AM

Quote from: Theones on September 26, 2022, 05:10:48 PM

you are right inflation is a creeping beast.
I kills without making people realize that they are being destroyed
There is something happening everywhere and people are fighting to survive the inflation and then there is another problem - the couples are fighting like crazy and the divorce rate has increased to 100%

They will realize it because there are signs or effects of the inflation and one of it would be the price of the goods are rising or the purchasing power of the money is getting lesser. It can slowly kill people if they will allow this kind of system ruled out or if they will agree to be charged high.

In some countries, people are protesting to bring back the old rates or to increase the pay rate of the service that they do so that they can keep up with the inflations. It's only sad that it could lead to fights and people can get injured and worst killed. Those who got divorced, I think they have another problem and they only use inflation as an excuse.

People are even blaming the government for the continuous rise in the prices of primary goods. The unemployment rate is also increasing because huge businesses are decreasing the number of their manpower to lessen their expenses because they're badly affected by inflation. They have to sacrifice their people to keep their businesses running. I believe that the situation will still be better so we have to face this crisis bravely.

so98nn

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More power to your thoughts

We definitely need decentralised workforce to act and implement the mega projects all around the world. In fact all the governments themselves can make it happen by relaxing the use of bitcoin or whatever current they choose to do so over blockchain. They can have little taxes on it so that they also don’t get crippled financially.

Yes you are completely true about how inflation works. We did not even notice it during covid situation and somehow after 1-2 years of recovery we are now seeing it’s aftermath all around the world. This would have or could have been already stopped if we had decentralised system in place with full fledge infrastructure.

Die_empty

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Quote from: mindrust on September 28, 2022, 12:41:26 AM

Inflation is a necessity. Inflation is rising because the human population is expanding. Manufacturing new babies has no cost just like printing new paper money. The resources on the other hand are limited. Food, shelter, water, social activities, education, healthcare… Not everybody can access those services because there is not enough resources to provide them to everyone at an affordable price. The solution, like it always was, increasing the money supply and make it a little more expensive for everybody.

The other solution is reducing the human population to a healthy level but I don’t think it will happen any time soon.

Yeah, the population might be part of the cause of inflation or poverty but it is not the total cause of the problem. China has a population of over 1.402 billion people as of 2020 but has one of the best economies in the world. The same thing could be also said about other highly populated countries that have super economies.

The population can be a blessing or a curse. It is a blessing because it could give military advantage and lead to cheap labor. It is a problem when the majority of the population is uneducated and unskilled in needed sectors. And I think that is the problem with the African population. Africa is blessed with diverse natural and a very youthful population but most of them are unproductive because of illiteracy and lack of infrastructure.

Europe and some industrialized nations would always need the population of some developing nations to fill the sectors that have labor shortages. The solution is not to reduce the world population but to educate them to be productive, promote wealth distribution and reduce conflict and war because the world has enough resources for everyone.

jaberwock

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Quote from: Theones on September 26, 2022, 05:10:48 PM

you are right inflation is a creeping beast.
I kills without making people realize that they are being destroyed
There is something happening everywhere and people are fighting to survive the inflation and then there is another problem - the couples are fighting like crazy and the divorce rate has increased to 100%

They will realize it because there are signs or effects of the inflation and one of it would be the price of the goods are rising or the purchasing power of the money is getting lesser. It can slowly kill people if they will allow this kind of system ruled out or if they will agree to be charged high.

In some countries, people are protesting to bring back the old rates or to increase the pay rate of the service that they do so that they can keep up with the inflations. It's only sad that it could lead to fights and people can get injured and worst killed. Those who got divorced, I think they have another problem and they only use the inflation as an excuse.

Lucius

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Quote from: Zilon on September 26, 2022, 04:11:15 PM

The world at this point needs a decentralised currency that can be monitored through a public ledger that way excessive money printing will be curtailed...

What the world needs and what the world really wants are two completely different things - because decentralized currency exists in the form of Bitcoin, but it is used in one way or another by less than 5% of the world's population. Furthermore, no country that wants to maintain its monetary sovereignty will ever give up its national currency in favor of something it cannot control.

The way the world works and how the financial system is integrated into it is something that has existed for a very long time, and it has proven to be effective for the ruling minority at the top of the pyramid, who thus have control over everyone else. Inflation is only part of that mechanism, and if you already mention the beast, then you should know that any beast can be defeated or outwitted, especially if similar beasts have appeared in the past and we have experience with them.

mindrust

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Inflation is a necessity. Inflation is rising because the human population is expanding. Manufacturing new babies has no cost just like printing new paper money. The resources on the other hand are limited. Food, shelter, water, social activities, education, healthcare… Not everybody can access those services because there is not enough resources to provide them to everyone at an affordable price. The solution, like it always was, increasing the money supply and make it a little more expensive for everybody.

The other solution is reducing the human population to a healthy level but I don’t think it will happen any time soon.

hatshepsut93

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Quote from: Zilon on September 26, 2022, 04:11:15 PM

The world at this point needs a decentralised currency that can be monitored through a public ledger that way excessive money printing will be curtailed and going by how challenging keeping up with the rapid inflation has become there is every tendency of having worst GDPs in coming years because if manufacturers and Producers fails to meet up the hight cost of production then they will in due cause turn to low standard products just to keep the demands and stay in production

And how would that work? Governments wouldn't want to switch to switch to a currency that they can't control. And if an independent one like Bitcoin would start getting traction, they would shut down its use.

And what about volatility? When it is big, it's worse than inflation, because it ruins all short-term planning and makes it very hard to run a business. And any currency that isn't backed by a government or a similar powerful entity is bound to be volatile, because there's nothing to stabilize it.

Johnyz

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Quote from: sunsilk on September 27, 2022, 07:54:45 AM

I admire those countries that are able to keep up and at least maintain the inflation rate into their economies.

While I feel bad for those countries that can't stand still and have been hit hard by the inflation rates. There's nothing we can do about them, they have to adjust and adopt the current situation and they have to do something or else, it's like just survival everyday especially for the middle income earners down to the poorest of the poor.

Adoption is the key while looking for other source of income, that high inflation can’t be gone in just a year usually it takes more years before it stabilize into a more lower rate. You can’t survive on this if you continue to complain instead of working into something, some countries might continue to experience higher inflation by the end of the year, that can result to a more complicated situation and I just hope that many already prepared for this.

Silberman

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Quote from: samcrypto on September 26, 2022, 07:09:42 PM

Decentralized money seems not be to a good solution to beat inflation, it’s not just about printing money it is based on many economic factors. Inflation can’t be stop by any country, it can slowdown but eventually the cost of living will continue to spike. We have to deal with this, and the only way to beat inflation is to make good investment that can outsmart inflation rate, manage your cash wisely and avoid unnecessary expenses because right now, we might deal with the recession as well soon.

It does not have to be that way, when the gold standard was in place we saw one of the moments in history in which the economic growth was very high, and this was because business owners had a stable form of money in which they could rely on, then governments cheated the gold standard because of WWI and then they began the slow implementation of the fiat system, so while we need to do our best efforts to protect ourselves due to the system currently in place we must not forget that things were not always like this.

Vinaa77

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Quote from: Zilon on September 26, 2022, 04:11:15 PM

....

Inflation was not only caused by the amount of money printed every year. Inflation is also often caused by the low purchasing power of the people due to the high price of goods. Moreover, the government continues to supply basic commodities from abroad, resulting in low prices for local staples. This is often due to the government's inability to control the barons over national spending.

When it comes to inflation, I think it will continue to be linked with the government as the policy maker. Apart from that, corruption in a country can also lead to inflation. Because it does not match national income and national expenditure or in other words Gross Domestic Product.

cabron

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If I have to say we are in the second phase right now where its a matter of concern for medium scale entrepreneurs?

The more it feels like we are still in the beginning of this recession and sooner it will be a depression. Is it really worth it to abruptly kill the industrialization with this green energy? because i think it started where governments are starting to scare people with climate change and then influencing countries not to use fossil fuel.

Queentoshi

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While inflation is a beast to some, to others inflation it has been a beauty. What I mean is as inflation is taking from many people, some people have found a way to align themselves to making profits even in the inflation. Personally I hope to be like these individuals because I think inflation will always be something that we will face.

Solosanz

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Although everyone hate inflation, but most people doesn't want to find a way in order to beat inflation. Most people will put their money on bonds in order to earn few percent interest that expected to cover the inflation rate. But sometimes it doesn't work when the inflation rate are higher than the interest they got. Bitcoin already proving survive for around 13 years and the ROI are insanely high, this make Bitcoin hedging against inflation.

But most people or Average Joe without any technical or computer understanding wouldn't invest their money on Bitcoin.

Hydrogen

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We normally look to systemic solutions to curtail negative trends like drug addiction, poverty, political corruption and inflation.

But what we really need is to create and nurture a culture where society takes issues like inflation seriously, before it snowballs into a major issue.

As people we generally look to solutions that require the least amount of effort and risk on our part. We advocate for systemic solutions: libertarianism or socialism. Hoping that libertarians or socialists will do all the work, and assume all the risk. Or people advocate for representatives, politicians or government to do all the work and fix everything. So the people will not have to invest time or energy into fighting their own battles.

Systemic approaches are a counter intuitive approach, as the area where the greatest gains can be made is typically one of self improvement.

Moneyprism

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basically in an economic system, inflation is needed to be able to control people's purchasing power, make loans more attractive, and some other benefits.. but this will also be a problem if the government can't control their inflation because it will make the economy chaotic like what happened in Sri Lanka ... decentralized currency does not seem to be the solution for this, because indeed the issue of inflation is very complex and cannot be solved with this alone .. but I agree that a decentralized currency is needed, not to overcome inflation but for faster and anonymous transactions

sunsilk

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I admire those countries that are able to keep up and at least maintain the inflation rate into their economies.

While I feel bad for those countries that can't stand still and have been hit hard by the inflation rates. There's nothing we can do about them, they have to adjust and adopt the current situation and they have to do something or else, it's like just survival everyday especially for the middle income earners down to the poorest of the poor.

davis196

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Quote

The world at this point needs a decentralised currency that can be monitored through a public ledger that way excessive money printing will be curtailed and going by how challenging keeping up with the rapid inflation has become there is every tendency of having worst GDPs in coming years because if manufacturers and Producers fails to meet up the hight cost of production then they will in due cause turn to low standard products just to keep the demands and stay in production

A decentralized currency cannot solve issues like big budget deficits and enormous national debts, wars and natural resources being possessed and exported by countries with authoritarian regimes. The politicians will always want to control the monetary supply. They can't simply give up their control. The rich elites don't want the people to have independence and control over their own destiny.
High inflation is a problem for almost everyone in the world and it doesn't matter how you describe it.
In times of chaos and insecurity, most of the people actually want more centralization, rather than decentralization. This is sad but true.

Don Pedro Dinero

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Quote from: edgycorner on September 26, 2022, 07:31:36 PM

You have made a very insightful opinion on a complex issue.

But a decentralized currency won't solve the issue which caused the excessive printing.

Moreover, the opinion expressed by the OP is only half the problem. These are arguments that would apply very well for before 2022 but not with the rising energy prices we have, which will not be solved by simply printing less. If we want less inflation on the energy side, what we need to do is to produce more energy, i.e. increase supply, or reduce demand. That's all there is to it.

edgycorner

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Hurrah for Karamazov!

You have made a very insightful opinion on a complex issue.

But a decentralized currency won't solve the issue which caused the excessive printing.
The feds don't like printing money either, even they don't want to do it. But there was no other way. A new currency, however it works, won't change the fundamentals of demand & supply. A decentralized currency may even be worse in such scenarios. Since there won't be any way to control the money supply(or a central authority to do so), the problem will be much bigger than what we have right now.

And inflation isn't always bad. It's a part of growth. It is a natural occurrence that happens when an economy is growing.

Oceat

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Quote from: samcrypto on September 26, 2022, 07:09:42 PM

Decentralized money seems not be to a good solution to beat inflation, it’s not just about printing money it is based on many economic factors. Inflation can’t be stop by any country, it can slowdown but eventually the cost of living will continue to spike. We have to deal with this, and the only way to beat inflation is to make good investment that can outsmart inflation rate, manage your cash wisely and avoid unnecessary expenses because right now, we might deal with the recession as well soon.

Is that it?

We have to do nothing? Just wait while they were f*cking with us? Im sure someone should be blame by this but we can't point fingers since they were too discreet to show themselves. It only proves that riches will become richer while poor people will be more poorer and this gives the idea of survival of the fittest if this is all about in the economy but how can you expect them to act when things like this going to happen?

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