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Topic: Now UK is facing inflation so choose the best for you.. - page 2. (Read 455 times)

legendary
Activity: 2044
Merit: 1115
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What is clear is that in a hyperinflation scenario, and in life in general, those who have financial assets will always be better off economically than those who do not, even if in a crisis those assets lose value and their income is reduced.

Which financial assets do you recommend in an hyper-inflationary economy? Stocks? Crypto? Gold? All? Since the stuff will get more expensive, the company that makes the stuff should be valued at a higher price too. Am I right? It makes sense. What about bitcoin abd gold though? They should also benefit from the massive FIAT printing but gold is going down instead of up and that's very strange.

In the US, stocks have generally done well even in an inflationary environment.  There are some sectors that do better than others.  Banks and energy are two sectors that perform better during inflationary periods than others.  But a hyperinflationary period may bring different results, as the US has never had such a period the effects on the stock market are unprecedented and impossible to know.
legendary
Activity: 2534
Merit: 1338
The best ally the middle class has right now is bitcoin, so they should go for it, without any doubts. I believe those who don't adopt bitcoin and don't have powerful friends with influence in their countries will perish as soon as the global economies finally crash. Not only in UK, but what we see now in economics from a global perspective is like a Chernobyl reactor increasing in pressure (inflation) without effective measures to control it. At some point it will finally explode and the consequences will be harsh (hyperinflation, economies out of control, riots, savagery everywhere). Those relying on the traditional fiat system to survive will regret a lot for not adopting bitcoin when this day comes.

Bitcoin adopters should also be careful, because they can become easy targets for the desperate masses during an economical crisis outbreak.
While I also think that bitcoin can be the best ally of the middle class against the crisis that is coming since historically it is the middle class the one that losses the most out of the economic crises that we suffer from time to time, at this point I will be happy if they took any action to protect themselves, if they do not like bitcoin for whatever reason then they should invest in gold and silver which will also do great during those times, but for some reason a great deal of the population is unaware of what is coming.
legendary
Activity: 2366
Merit: 1624
Do not die for Putin
I certainly hope the inflation in UK and in other countries is a transitory effect mostly due to the price of energy and particularly of the price of gas. The current situation in the UK show lack of planning or plain disarray in supply chains and retail transportation and that is not going to help. Seems like brexiting was not such a great idea, but COVID provided the perfect excuse for all this.
hero member
Activity: 2604
Merit: 816
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Prices of essential commodities and services have risen sharply inflation in the united states and rising prices aimed at boosting traders profits. People are getting poorer due to non increase in income in line with inflation so many people are forced to save money to maintain the standard of living the condition of those who do not have savings is worse they have to reduce the quality of life. That's why investing in crypto is a good way to improve the quality of life of the economy there are no signs of inflation here.
I think this has affected a lot of countries, I mean inflation is an expensive damage that's inevitable for each country which if maintained can be a good indicator of a growth in a country's economy. Yes, it's good to invest in crypto, the only problem is that we have to be prepared for volatility because not every time, we get what we want.
It is why we really need to prepare ourselves so when something becomes worst, we are ready to face and we can survive in that situation. It is hard to prepare, but that is the only thing we must do if we do not want it to be difficult. Inflation can happen now, tomorrow, or even next year and with some preparation, I am sure that we will pass that moment and live without having a problem.

If we have a crypto investment, that can help us reduce the expenses that we might get in the future as we can convert our crypto to fiat and solve the problem.
full member
Activity: 1638
Merit: 122
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So what is best for you?
of course the best for me is a currency that can solve that issue and that currency is no other than bitcoin .
 this why ive been stacking btc for a long time now just in preparation so that when the time comes when our country feels the same , i wont worry anymore .
 it will also be good if we can warn or educate the people around us if what are the challenges that an economy could face and how bitcoin can help solve that issues .
member
Activity: 1120
Merit: 68
Prices of essential commodities and services have risen sharply inflation in the united states and rising prices aimed at boosting traders profits. People are getting poorer due to non increase in income in line with inflation so many people are forced to save money to maintain the standard of living the condition of those who do not have savings is worse they have to reduce the quality of life. That's why investing in crypto is a good way to improve the quality of life of the economy there are no signs of inflation here.
I think this has affected a lot of countries, I mean inflation is an expensive damage that's inevitable for each country which if maintained can be a good indicator of a growth in a country's economy. Yes, it's good to invest in crypto, the only problem is that we have to be prepared for volatility because not every time, we get what we want.
hero member
Activity: 2044
Merit: 784
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The best ally the middle class has right now is bitcoin, so they should go for it, without any doubts. I believe those who don't adopt bitcoin and don't have powerful friends with influence in their countries will perish as soon as the global economies finally crash. Not only in UK, but what we see now in economics from a global perspective is like a Chernobyl reactor increasing in pressure (inflation) without effective measures to control it. At some point it will finally explode and the consequences will be harsh (hyperinflation, economies out of control, riots, savagery everywhere). Those relying on the traditional fiat system to survive will regret a lot for not adopting bitcoin when this day comes.

Bitcoin adopters should also be careful, because they can become easy targets for the desperate masses during an economical crisis outbreak.
legendary
Activity: 2534
Merit: 1338
we do not know if this inflation is going to slow down,

Even if it slows down, prices won't come down. It will have to slow down at some point when they run out of printer ink and when it does, we won't be measuring the goods against the dollar. It will be either gold, bitcoin or something else with scarcity. All FIAT money die when given enough time and USD is living its last moments.
I really wish that is the case, however governments and banks are complete experts at manipulating the system and the population to their advantage, after all the fiat system should have collapsed long ago and still has not done so because they are doing everything in their power to keep it in place, however it seems that they are finally losing control of the narrative and people are waking up to the fact that any fiat currency is a scam and are looking for ways to protect themselves, and bitcoin is the best choice to do so.
legendary
Activity: 2590
Merit: 1882
Leading Crypto Sports Betting & Casino Platform
Wow the truth impresses me that the British economy has problems, by pure and mere speculation I know that a country with stable economies already having 2% is something serious, possibly the UK has very effective action plans, inflation in Europe is already something that has to be a reason to be attacked.

The best they can do at this time is to anticipate possible economic catastrophes, those who can invest in Real Estate is excellent, also another of the safe haven options by nature is Gold, on the other hand Bitcoin also represents a haven of value For many, although many do not like or accept volatility, if a good portfolio is better to have that type of diversification: Real Estate, Gold, shares in the Stock Market and Bitcoin.
legendary
Activity: 3276
Merit: 2442
we do not know if this inflation is going to slow down,

Even if it slows down, prices won't come down. It will have to slow down at some point when they run out of printer ink and when it does, we won't be measuring the goods against the dollar. It will be either gold, bitcoin or something else with scarcity. All FIAT money die when given enough time and USD is living its last moments.
legendary
Activity: 2534
Merit: 1338
I men inflation is not a new thing, we have been facing this problem from the dawn of the use of fiat, and every time we are faced with an economic problem the government tend to have one solution and that is printing more and more fiat, and the pandemic and the ravage that have caused for the health and the economic sector are still being processed today, so i actually feel like that using bitcoin as a store of value until the dust have staled and this inflation starts slowing down is the best option right now.
But that is precisely the thing, we do not know if this inflation is going to slow down, I know that it has done so done so in the past in which the current system has been in place and this gives confidence that the same will happen again, but it is not a sure thing, especially since it does not seem as if governments want to turn off their printing machines as the economic recovery is still very slow as the pandemic is still with us despite the efforts to vaccinate the population.
hero member
Activity: 2338
Merit: 953
Temporary forum vacation
I have mentioned in my post that government only find it suitable to print more and more notes to tackle these fiscal deficit and making the fiat worthless in global market which in turn in contributing immensely to the hyperinflation situation.Many poor countries are facing such situations and it's really shocking to see million dollars bills also being printed to buy stuff like toilet paper only.Imagine the situation in that countries and bitcoin could be great relief for them and boost economy as well.The government policies are not going to work in monetary relationship with these money printing schemes.

I was talking back in a few posts before this about how it was silly for people to say Bitcoin cannot be legal tender because it is so expensive as a single unit and exactly I pointed out how so many national fiat currencies needs hundreds if not thousands of units to make a single small purchase and YET they are still used as legal tender despite the obvious inconvenience of holding thick piles of paper cash.

In these countries even the coins exist but nobody ever uses them anymore.

Pound is still so strong though and over long years their inflation is not as fast as many other countries. We always see GBP as the most "powerful" unit in Asia.
legendary
Activity: 3276
Merit: 2442
There have been protests and at the same time people are struggling with it for real, my friends in the UK involved with the medical sector are forever worried about the tax layout for them, since they don't even have a say in that and it's not just the food market that's been affected, it's everything.
The government has to realize that, if they are loosing money because of the COVID, they don't have to go and and take that amount from the middle class. They are already trying their hardest to earn, the problem of inflation is something which is all across the world but in a developed country, it has a scope of being controlled which we are definitely not seeing being done.
That is what the governments always do, rely heavily on the middle class to bail them out, after all the rich can do anything to avoid paying the taxes and many of them are their friends, the poor do not have a lot of income to tax so they rely on the middle class to get the taxes necessary to keep the government going, and in the case of printing money they also rely on stealing the wealth of the middle class, the current system is unsustainable but people are not willing to do anything to change it.

Exactly. The system is running on the back of the middle class. Sometimes I think it is better to be a poor guy than being a middle class working guy. The poor get all the government/unemployment benefits, pay almost zero tax because the gov cannot afford to leave them to their deaths. The middle class on the other hand, is getting smaller and smaller every year. Whenever a financial problem happens, it is the middle class that pay the bill. It is disgusting.
legendary
Activity: 1974
Merit: 2124

I think you are forgetting to add money printing and helicopter money, which, on the current situation are the factors that are making inflation rise,
I have mentioned in my post that government only find it suitable to print more and more notes to tackle these fiscal deficit and making the fiat worthless in global market which in turn in contributing immensely to the hyperinflation situation.Many poor countries are facing such situations and it's really shocking to see million dollars bills also being printed to buy stuff like toilet paper only.Imagine the situation in that countries and bitcoin could be great relief for them and boost economy as well.The government policies are not going to work in monetary relationship with these money printing schemes.

along with many people who have forcibly saved during COVID as their income was mostly protected and they are eager to go out, buy stuff and treat themselves. In Spain, that takes the shape of the "botellones", in UK it means full Pubs and TK Maxx sales.
I don't what situations you have come across but speaking of myself people have consumed their savings more in this Lockdown because there were loss of jobs and no work was around setting aside the corporate sector which started Work from home policy and were paying salary to staff but they also have cut off in staff.Infact all sectors were facing similar situation and people were tend to use the Savings to buy the stuff they needed and that's why economy witness diminished growth rates in these times.But yes those who have saved are eager to travel around and spend on stuff they want.But there are different preference and conditions of people.
sr. member
Activity: 1400
Merit: 283
I men inflation is not a new thing, we have been facing this problem from the dawn of the use of fiat, and every time we are faced with an economic problem the government tend to have one solution and that is printing more and more fiat, and the pandemic and the ravage that have caused for the health and the economic sector are still being processed today, so i actually feel like that using bitcoin as a store of value until the dust have staled and this inflation starts slowing down is the best option right now.
legendary
Activity: 2534
Merit: 1338
There have been protests and at the same time people are struggling with it for real, my friends in the UK involved with the medical sector are forever worried about the tax layout for them, since they don't even have a say in that and it's not just the food market that's been affected, it's everything.
The government has to realize that, if they are loosing money because of the COVID, they don't have to go and and take that amount from the middle class. They are already trying their hardest to earn, the problem of inflation is something which is all across the world but in a developed country, it has a scope of being controlled which we are definitely not seeing being done.
That is what the governments always do, rely heavily on the middle class to bail them out, after all the rich can do anything to avoid paying the taxes and many of them are their friends, the poor do not have a lot of income to tax so they rely on the middle class to get the taxes necessary to keep the government going, and in the case of printing money they also rely on stealing the wealth of the middle class, the current system is unsustainable but people are not willing to do anything to change it.
legendary
Activity: 2366
Merit: 1624
Do not die for Putin
Moreover the government has ramped up the taxes and cut the social benefits also.Who is gonna face all these situations in bad way? The middle class who have trusted the banking system and government but they failed to manage such situations.This is just a step towards devaluation of your fiat and you will be worth zero near future.

I assumed the working classes would see the greatest impact. The middle classes will likely already own a lot of assets/production power that are inflation resistant.

Inflation going up, in the case of the ons statistics, only means:
1. More people are spending
2. The cost of living is rising
3. A mixture of the two.

It's normally 3 that causes an increase but it seems like it's normal to see something like this after a recession and it has happened before (notably the 70s).

I think you are forgetting to add money printing and helicopter money, which, on the current situation are the factors that are making inflation rise, along with many people who have forcibly saved during COVID as their income was mostly protected and they are eager to go out, buy stuff and treat themselves. In Spain, that takes the shape of the "botellones", in UK it means full Pubs and TK Maxx sales.
legendary
Activity: 3276
Merit: 2442
What is clear is that in a hyperinflation scenario, and in life in general, those who have financial assets will always be better off economically than those who do not, even if in a crisis those assets lose value and their income is reduced.

Which financial assets do you recommend in an hyper-inflationary economy? Stocks? Crypto? Gold? All? Since the stuff will get more expensive, the company that makes the stuff should be valued at a higher price too. Am I right? It makes sense. What about bitcoin abd gold though? They should also benefit from the massive FIAT printing but gold is going down instead of up and that's very strange.
hero member
Activity: 1890
Merit: 831
There have been protests and at the same time people are struggling with it for real, my friends in the UK involved with the medical sector are forever worried about the tax layout for them, since they don't even have a say in that and it's not just the food market that's been affected, it's everything.
The government has to realize that, if they are loosing money because of the COVID, they don't have to go and and take that amount from the middle class. They are already trying their hardest to earn, the problem of inflation is something which is all across the world but in a developed country, it has a scope of being controlled which we are definitely not seeing being done.
legendary
Activity: 2534
Merit: 1338
One problem associating inflation across the world is that the low income earners and people on the street suffer but the rich gets better because they can have access to other amenities. Here the government want to come in the way of giving out loans but such loans don't get to the grass root but the rich get to grab it as they are influential and in government.
Exactly my point, people that think this way are so out of touch with the fact that not everyone is like them and that everyone can do what they're doing. The problem with the lack of empathy and being out of touch of some privileged people are really appalling, if the poor can invest then we wouldn't have any poor people in this sorry of an excuse of a world.
Unfortunately this is always the way it has been and there is no reason to believe this is going to change, unfortunately this means that those that are poor not only are not the best prepared to face the crisis that is coming they are also the ones that are probably the less aware of it, so not only they get hit by the crisis but they do not even know it is coming, which makes things even worse for them while the rich take advantage of the opportunities the crisis gives them.
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