Topic: Inflation overpowers the value of money - page 2. (Read 995 times)
All currencies are going to be devalued when their country's government prints money out of thin air. But even a country with a lot of resources from food, oil, and manufacturing lines will still be affected when the global reserve currency is the one being printed excessively. All other countries are going to be affected because our base currency (USD) which prices are based upon is printed in trillions.
As of this time, we buy oil from Suadi BRICS countries pay in Yuan but still, the price is based on USD which means we compute the price like 80/per barrel then we pay $80 worth of Yuan. If countries like BRICS don't want to be affected by inflation, they need to have their own base currency which they also plan to be backed by gold.
The causes of high inflation can be attributed to the following:
1. Excessive Government borrowing
2. Unwanted and unstable domestic policy
3. Unsatisfiable or lack of domestic production
Inflation is currently happening in all countries. Due to covid-19, inflation has started to worsen in every country. Also, there are many other reasons for the worsening of inflation. Money from one country is smuggled into another country by corruption. Inflation has arisen today due to anti-violence. Day by day the prices of daily essentials like oil pulses rice flour etc. are increasing thus inflation and definitely food inflation is at its highest level.
Inflation, a beast we've created through our irresponsible acts, isn't merely a concept. It is the bleeding reality of nations who have neglected the fundamentals of economic health!
Yeah, As you said above, don't underestimate the basics of economic health and that is something that needs to be reviewed and monitored continuously. If rising prices for goods and services cause a decrease in the value of money and GDP and it becomes one of the important indicators to read/know the condition of economic health in a country. a certain period of potential for inflation itself.
I cannot agree more with you. There is no point in for hoping any change if we do not act. If we are just going to sit in a corner and blame whatever it is to blame for the inflation we are all experiencing then we are all just gonna be stuck here far longer than necessary. Find ways to battle the increasing price of the market, meaning find more sources of income and try to plan every expense. We cannot expect to find any changes if we do not change our own ways and actions.
The key to change in life is acting to do work that can bring income. That is, complaining and blaming anything will not give us or anyone else anything, because in the end everyone has to work for himself according to the skills he already has. So in general we are all required to work in life to succeed ourselves under any circumstances so that additional work that can provide income is always more suitable to be done even though we are not in a condition of inflation, especially if we are in a condition of inflation.There's no denying that the inflation that rises every day is caused by the government but our complaining won't make them do any better for us. Indeed, instead of whining, find a way out of that damn inflation. And we have many ways to get out of inflation, not just rely on the government or someone's help.
I really don't understand why so many people continue to whine, blame the people they put their trust in and refuse to work harder. As long as we put in more effort, work harder and plan for our future, I believe that even more inflation will not make it difficult for us. We also have good anti-inflation assets like gold, especially bitcoin, why don't we take advantage of it?
I cannot agree more with you. There is no point in for hoping any change if we do not act. If we are just going to sit in a corner and blame whatever it is to blame for the inflation we are all experiencing then we are all just gonna be stuck here far longer than necessary. Find ways to battle the increasing price of the market, meaning find more sources of income and try to plan every expense. We cannot expect to find any changes if we do not change our own ways and actions.
The key to change in life is acting to do work that can bring income. That is, complaining and blaming anything will not give us or anyone else anything, because in the end everyone has to work for himself according to the skills he already has. So in general we are all required to work in life to succeed ourselves under any circumstances so that additional work that can provide income is always more suitable to be done even though we are not in a condition of inflation, especially if we are in a condition of inflation.
Inflation, a beast we've created through our irresponsible acts, isn't merely a concept. It is the bleeding reality of nations who have neglected the fundamentals of economic health!
Lack of purchasing power isn't some twist of fate; it's a direct consequence of thoughtless policies. Let's address excessive government borrowing: a suicidal tactic, if ever there was one. African countries, as you mentioned, don't seem to borrow to empower their futures. Instead, they seem hell-bent on selling their tomorrows for today's trivialities! Borrowing without a clear plan of repayment or a vision for development is not just imprudent; it's sheer madness.
Unwanted and unstable government policy? Couldn't agree more. Why, in the name of all that is logical, would you import what you can produce? We're not talking about rocket science here. This is simple economics
A nation without robust domestic production is like a hollow tree; it looks strong from the outside but will collapse at the slightest push. Without empowering local producers, governments are digging their graves and ours
Lack of purchasing power isn't some twist of fate; it's a direct consequence of thoughtless policies. Let's address excessive government borrowing: a suicidal tactic, if ever there was one. African countries, as you mentioned, don't seem to borrow to empower their futures. Instead, they seem hell-bent on selling their tomorrows for today's trivialities! Borrowing without a clear plan of repayment or a vision for development is not just imprudent; it's sheer madness.
Unwanted and unstable government policy? Couldn't agree more. Why, in the name of all that is logical, would you import what you can produce? We're not talking about rocket science here. This is simple economics
A nation without robust domestic production is like a hollow tree; it looks strong from the outside but will collapse at the slightest push. Without empowering local producers, governments are digging their graves and ours
I cannot agree more with you. There is no point in for hoping any change if we do not act. If we are just going to sit in a corner and blame whatever it is to blame for the inflation we are all experiencing then we are all just gonna be stuck here far longer than necessary. Find ways to battle the increasing price of the market, meaning find more sources of income and try to plan every expense. We cannot expect to find any changes if we do not change our own ways and actions.
The key to change in life is acting to do work that can bring income. That is, complaining and blaming anything will not give us or anyone else anything, because in the end everyone has to work for himself according to the skills he already has. So in general we are all required to work in life to succeed ourselves under any circumstances so that additional work that can provide income is always more suitable to be done even though we are not in a condition of inflation, especially if we are in a condition of inflation.You have a point but again it is difficult to find another decent source of income right now as most people want it again you have no other choice because you are just going to blame the government and without doing anything you'll starve and still government don't care with you, another source of income is necessary right now even it is small income like selling foods with your co-workers or any side hustle you can think off as it can add up to your salary, right now hustle hard and lets just sacrifice our free time just to earn extra.
It's okay to sacrifice the time we have as long as the income can be very clear, because time is also an asset in life besides money. So that most people are willing to sacrifice their time to earn money because it has become a very normal thing in today's life, especially if at this time it is not easy to get a side job or additional work that can help reduce the cost of living in life. And for the advice you gave, I think it is also very suitable for some people who are trying to earn extra income for their lives. 
I cannot agree more with you. There is no point in for hoping any change if we do not act. If we are just going to sit in a corner and blame whatever it is to blame for the inflation we are all experiencing then we are all just gonna be stuck here far longer than necessary. Find ways to battle the increasing price of the market, meaning find more sources of income and try to plan every expense. We cannot expect to find any changes if we do not change our own ways and actions.
You have a point but again it is difficult to find another decent source of income right now as most people want it again you have no other choice because you are just going to blame the government and without doing anything you'll starve and still government don't care with you, another source of income is necessary right now even it is small income like selling foods with your co-workers or any side hustle you can think off as it can add up to your salary, right now hustle hard and lets just sacrifice our free time just to earn extra.Anyone certainly does not expect to get inflation problems, because with inflation, the value of money will continue to decline and certainly makes us have to use emergency savings or sell assets, and it's time we must always get sources of income from others, for example with business, investment or others, Don't just keep quiet and blame the situation because our situation will be more difficult if we don't act immediately.
Acting must always be there because it is always far better than being silent and blaming any circumstances. From what I have observed, inflation can also occur due to a lack of natural resources which are often used for daily production materials and a lack of expertise from humans who often sell their services for various fields. So to overcome this is certainly not easy, although it is not an impossible thing to overcome because everyone has to act in their life, be it through work or through honing their skills so they can manage natural resources well enough.You have a point but again it is difficult to find another decent source of income right now as most people want it again you have no other choice because you are just going to blame the government and without doing anything you'll starve and still government don't care with you, another source of income is necessary right now even it is small income like selling foods with your co-workers or any side hustle you can think off as it can add up to your salary, right now hustle hard and lets just sacrifice our free time just to earn extra.
Anyone certainly does not expect to get inflation problems, because with inflation, the value of money will continue to decline and certainly makes us have to use emergency savings or sell assets, and it's time we must always get sources of income from others, for example with business, investment or others, Don't just keep quiet and blame the situation because our situation will be more difficult if we don't act immediately.
In any situation and condition we will only be able to rely on ourselves. This includes dealing with economic crisis situations such as when high inflation occurs which begins to get out of control in a country. And to face it all we ourselves must make careful preparations. Don't let the pandemic tragedy of previous years have a major impact on our economy again. We must be prepared for situations similar to those of a pandemic. Because we don't know when the pandemic will come back. So it's better to have preparation than nothing.The OP talked about increasing local production and encouraging people to love local products more. Well, all of that is the truth that every country should start doing about encouraging its citizens to love local products more. Because it can encourage the improvement of the local economy to a better track. And maybe inflation will also be more controlled in this regard.
Anyone certainly does not expect to get inflation problems, because with inflation, the value of money will continue to decline and certainly makes us have to use emergency savings or sell assets, and it's time we must always get sources of income from others, for example with business, investment or others, Don't just keep quiet and blame the situation because our situation will be more difficult if we don't act immediately.
Acting must always be there because it is always far better than being silent and blaming any circumstances. From what I have observed, inflation can also occur due to a lack of natural resources which are often used for daily production materials and a lack of expertise from humans who often sell their services for various fields. So to overcome this is certainly not easy, although it is not an impossible thing to overcome because everyone has to act in their life, be it through work or through honing their skills so they can manage natural resources well enough.Anyone certainly does not expect to get inflation problems, because with inflation, the value of money will continue to decline and certainly makes us have to use emergency savings or sell assets, and it's time we must always get sources of income from others, for example with business, investment or others, Don't just keep quiet and blame the situation because our situation will be more difficult if we don't act immediately.
Acting must always be there because it is always far better than being silent and blaming any circumstances. From what I have observed, inflation can also occur due to a lack of natural resources which are often used for daily production materials and a lack of expertise from humans who often sell their services for various fields. So to overcome this is certainly not easy, although it is not an impossible thing to overcome because everyone has to act in their life, be it through work or through honing their skills so they can manage natural resources well enough.we should act in the right way to avoid inflation. actually company get benefits from inflation, the excess raw material that they bought last year will give the company extra profit if the company produce product using that material in this year as the price of the product that they produce is increase because of inflation.
This is quite logical, because the condition of inflation is indeed a condition that is very liked by companies or factories that always produce goods using raw materials from nature. Because directly the company will benefit and those who often sell their services will also increase their prices so that people can only avoid this by acting on more jobs and honing their skills so that we can also sell certain services in this inflationary condition so that income in life can also increase. 
Lack of purchasing power which is caused by inflation is encouraging economic uncertainty, and this is because many nations has been found wanting in production capacity, instead they encourage importation of consumable goods from other countries, the country involved will therefore put up a policy, that will compel the consumer country to exchange there currency to the currency of the country, they are purchasing from, this will further weaken and stagnate there currency to trigger high inflation rate.
The causes of high inflation can be attributed to the following:
1. Excessive Government borrowing
2. Unwanted and unstable domestic policy
3. Unsatisfiable or lack of domestic production
1. Excessive Government borrowing: the government of many nations has seen borrowing as a norm, there accumulated debts requires generation to come, to service, this is common in African countries where the government borrow funds not for establishing an asset or building an institution that can generate generate revenue, for them to either service existing debts and build more infrastructures, they prefer borrowing funds for either embezzling it or using it for things that are not accounted for.
They do this without minding the consequences that may be accompanied with this act, at the end countries like this dips in high level of inflation and valueless currency.
The causes of high inflation can be attributed to the following:
1. Excessive Government borrowing
2. Unwanted and unstable domestic policy
3. Unsatisfiable or lack of domestic production
1. Excessive Government borrowing: the government of many nations has seen borrowing as a norm, there accumulated debts requires generation to come, to service, this is common in African countries where the government borrow funds not for establishing an asset or building an institution that can generate generate revenue, for them to either service existing debts and build more infrastructures, they prefer borrowing funds for either embezzling it or using it for things that are not accounted for.
They do this without minding the consequences that may be accompanied with this act, at the end countries like this dips in high level of inflation and valueless currency.
Yes, this problem has always been a major artist everywhere, and the general question is always whether the above Government Debt is safe, and can the Government pay it and what effect will it have on future generations?
Now, what we need to know, the first point at a certain critical point is seen as one of the Government's strategies in managing state finances, meaning that in this case the procurement of foreign loans is used to meet priority needs under reasonable conditions from creditors, which basically provides benefits for society and support economic growth.
Well, in short, if their math is good, not corrupt in the implementation from the stakeholders, I'm sure the results will be directly proportional to what was planned and have the potential for a large post-borrowing return, I don't think it's a problem.
Anyone certainly does not expect to get inflation problems, because with inflation, the value of money will continue to decline and certainly makes us have to use emergency savings or sell assets, and it's time we must always get sources of income from others, for example with business, investment or others, Don't just keep quiet and blame the situation because our situation will be more difficult if we don't act immediately.
we should act in the right way to avoid inflation. actually company get benefits from inflation, the excess raw material that they bought last year will give the company extra profit if the company produce product using that material in this year as the price of the product that they produce is increase because of inflation. 
Quote from: Promocodeudo
The causes of high inflation can be attributed to the following:
1. Excessive Government borrowing
2. Unwanted and unstable domestic policy
3. Unsatisfiable or lack of domestic production
1. Excessive Government borrowing
2. Unwanted and unstable domestic policy
3. Unsatisfiable or lack of domestic production
Yes, excessive borrowing can cause a high inflation to a nation because we have saw how many countries struggle to overcame this attitude of borrowing money that made them to lost some of their expensive resources just to ensure their name be erase among the countries that are in debted. Once there is unwanted domestic production in a country, it hard for such country to overcome inflation because that is some of the road for inflation to have access to a country and put the citizens into hardship through out the year. Bad leaders can also cause inflation in a country because once they have access to loot the government money, it will cause massive inflation that will take the government many years to recover.
Energy price really have great effect on price of commodity. For example here in my country, the price of petrol went up twice recently and this has cause price of commodity to go up causing more inflation. Increase in energy price can't be left out as a factor causing inflation.
Both of you made good points. Instead of letting your money be stuck in the bank with significantly low-interest rates that do not compare to the continuously increasing inflation, it will be better to invest in assets and Bitcoin. Between the two, it will be up to personal preferences and knowledge in which an individual will choose to invest. Personally, I do both, but it is nice to know there are options for our money to grow amidst inflation.
But again, be sure that you'll know the risk because it doesn't mean that you'll invest it in something where you have a 100% chance of getting it back. That is why others tend to hold their money in banks, but with a rich mindset, this is what they are doing: investing in something where you have a chance to gain more profit or earn more money. For myself, I both hold money in the bank and invest in assets, mostly digital assets like Bitcoin. I know this can't prevent inflation, but it can give me more income to fight inflation.It can also be classified as diversification. Bitcoin is said to be a hedge against inflation, so we can really prevent inflation this way. It's only ironic if we sell our Bitcoins for cash and we HODL the cash for a while as that can still be affected by the inflation. I think it's better if we can just retain our money in Bitcoins. We can still use it for direct purchasing since Bitcoin is still a currency.
The fact that we deposit money in the bank is also profitable but not significant and if inflation is taken into account, our currency depreciates heavily. In my opinion, depositing money in the bank is only considered a savings for short-term emergencies. Never view it as an investment or a store of value for the long term. So I wouldn't consider depositing money in the bank as diversification because our asset value is decreasing day by day.
In theory, bitcoin is a decentralized currency, but so far, not too many stores or countries allow payments with bitcoin. So it would be inconvenient if we kept all our money in bitcoin. No matter what we say, fiat is the main currency, still the primary payment method, and still necessary in our lives.
Anyone certainly does not expect to get inflation problems, because with inflation, the value of money will continue to decline and certainly makes us have to use emergency savings or sell assets, and it's time we must always get sources of income from others, for example with business, investment or others, Don't just keep quiet and blame the situation because our situation will be more difficult if we don't act immediately.
We cannot do without coming across the influence of inflation because the economy we run operates by the models and policies that favours the continuous occurrence of it, ours is to always have a back up to what to do immediately inflation is sighted in the way we run our economy, the world at large is in control of it and we should also take every necessary steps in working towards avoiding this from happening to us the unexpected way, the more money is being printed the higher the level of inflation and the higher the value of money decreases.
inflation is a very important part to the economy of a country that is why the government always ensure that, there are some certain rules that are set aside to help the economy grow as quick as possible. Sometimes the law that is created might not solve the problem of the people that is why sometimes it can reverse to a level whereby there'll be high inflation leading to increase in price of foods, goods and cost of human labor. High inflation is caused by lots of factors which includes bad government, polices and war. Just like the current situation between Ukraine and Russia. 
Both of you made good points. Instead of letting your money be stuck in the bank with significantly low-interest rates that do not compare to the continuously increasing inflation, it will be better to invest in assets and Bitcoin. Between the two, it will be up to personal preferences and knowledge in which an individual will choose to invest. Personally, I do both, but it is nice to know there are options for our money to grow amidst inflation.
But again, be sure that you'll know the risk because it doesn't mean that you'll invest it in something where you have a 100% chance of getting it back. That is why others tend to hold their money in banks, but with a rich mindset, this is what they are doing: investing in something where you have a chance to gain more profit or earn more money. For myself, I both hold money in the bank and invest in assets, mostly digital assets like Bitcoin. I know this can't prevent inflation, but it can give me more income to fight inflation.It can also be classified as diversification. Bitcoin is said to be a hedge against inflation, so we can really prevent inflation this way. It's only ironic if we sell our Bitcoins for cash and we HODL the cash for a while as that can still be affected by the inflation. I think it's better if we can just retain our money in Bitcoins. We can still use it for direct purchasing since Bitcoin is still a currency.
We cannot do without coming across the influence of inflation because the economy we run operates by the models and policies that favours the continuous occurrence of it, ours is to always have a back up to what to do immediately inflation is sighted in the way we run our economy, the world at large is in control of it and we should also take every necessary steps in working towards avoiding this from happening to us the unexpected way, the more money is being printed the higher the level of inflation and the higher the value of money decreases.
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