Topic: Now UK is facing inflation so choose the best for you.. - page 3. (Read 434 times)

It's not just the UK,inflation will become a global problem.All that money printing,which occurred in 2020 will have to eventually transform into higher prices.The central banks will have to step up and increase the interest rates.
Having 2-3% inflation is not a big deal.The inflation in my country is anticipated to be around 7-10%.
Actually the British pound increased it's value against my national currency during the last few weeks,which weird.I've expected that the British pound will face severe devaluation after Brexit.

In this time of pandemic, some negative effects such as inflation are being seen in all economies and the United Kingdom is no exception.

Although we are overcoming the more difficult side of the pandemic, we can notice these ups and downs. It can also be attributed that in a nation like this where tourism is a source of income, it makes the economy respond to its needs, the lack of employment and the distribution of channels to a lesser amount could be a distorting element in its economy.

In no way should an inflation rate in the low single digits be mistaken for an alarming inflation rate, let alone hyperinflation.  Even when the US had double digit inflation in the 1970s did the term "hyperinflation" even enter the discussion, because hyperinflation is both extreme and rare.  Talking about hyperinflation in an environment where inflation is still in fact historically low saps all your credibility and informs anyone reading your posts that you're prone to hyperbole and not to be taken seriously.

This is not just limited to the US now.

There are a ton of countries that have inflation of 3+% which is above their inflation targets.

People who think that this is going to be "transitory" is definitely going to be in for a rude shock when this stuff is still around in 10 years time. When you have money printing at these scales, it would be a miracle to not have high inflation.

There's no way we can manage a high inflation rate if the price of basic commodities keeps on rising. Before we knew it, their country's economy has already started falling. Good thing bitcoin is here as a good reserve which will definitely stop the fast high inflation rate.

This might be the same reason with El Salvador why they started using bitcoin as a legal tender. Not just to stop the high inflation rate, but more on increasing individual's economy with the good opportunities that bitcoin may bring. So if you are residing in UK, things might get worse particularly with middle class but there's always a good option just waiting in the corner.

The continuing high inflations right now happening in different countries is no longer a normal scenario anymore. It will cause the economy of such countries to collapse so while there is bitcoin right now that will serve as a good option, then probably adopting it might be a good start. UK is not an exception to this as this is facing a high inflation rate which if not addressed in as early as possible, the citizens will be the one to suffer. So its time for the country's leader to save the country's economy by having to adopt bitcoin and put an end to its never ending high inflation rate.

Unfortunately inflation will keep on rising in every nation, it is not something that is rare these days and there is no solution to it neither.

Financial world is built basically based on inflation, and for years people kept on trying to convince the poor people that inflation is good and means growth, when in reality the money we have in the world is finite but good enough, we do not need to get Jeff Bezos another 100 billion dollars, only if we could distribute the wealth in the world by just enough.

Nobody says that there should be no wealth, but there shouldn't be wealth like the top 100 where people are having hard time to find food and shelter, that is the biggest difference.

But this rate of inflation is manageable and we no need to compare 1.2% increase with hyperinflation while it will definitely affect the middle class so people have to compromise their savings part to compensate the inflation rate for a while, if they are someone who lives from paycheck to paycheck then they will be run out of cash.

Owning a boat without hole is surely better than sinking one in the ocean but that doesn't imply you can sail through your journey easily and same is the case with middle class and working class that with rising prices they both will have to suffer a lot but Middle class can survive upto some more time with all their savings and financial assets but if you notice the hyperinflation situation won't let them survival chance at high level.So bitcoin is surely a better option for them both.The rich and lower class won't have much impact because rich or elite class are already having and gaining more day by day so these inflation don't affect them at much and lower class already are not having privilege authority to have or maintain such living standards.But working and middle class have to live upto that mark but it's creating problem for them with these high prices of necessary food item.

These kind of things are happening around the globe and what government is doing to counter such things is printing more money or ramping up the taxes and revising tax slabs and still these inflation charts are not relaxing and when next votes will come they will blame previous party for the same and this continues.

If there was not an option like bitcoin to us then definitely we would be living in delusional world where fiat is everything and inflation is just because the supply is limited or due to another factors but with bitcoin we see a firm future ahead which is away from any political hindrance and you can have your funds safe.The dollar and other currencies have gone 60-70% downward of the prices and purchasing power is reducing so it's better not to be poor at that time.If not bitcoin then backup your options but don't blame at that time because the time is not too faw away even if we are not pessimistic about it.

Governments are not weak in finding solutions, except in maybe a few countries, governments are the root of problems! Finding a solution is that case would mean replacing them, but it's hard to replace them, they are just changing colors and the agony continues!




Always some problems with that fiat... I guess that the UK is far from Zimbabwe and Yugoslavia scenarios (some of the recent examples), so they shouldn't be so worried, yet! But as I said, always some problems with this fiat, and it's happening all the time, somewhere... when will people finally figure it out and stop using it? I don't see any other cure for fiat except ending it totally... at least now we have an alternative!

Food prices have been affected by the politics of Corona and the closures that occurred in many countries, through problems in maritime transport, and the waves of weather fluctuations and the many fires that many countries witnessed.
There are also many diseases and mass deaths that have affected food prices, but all these changes are slow and will be stable soon.

Inflation is a nagging disease, and the government's weakness in finding solutions will make the middle and poor people pay the price.

This is happening in almost every country. I don’t live in the UK, but in my country, this has been a serious issue. The government has just continued to print and print money and to the extent that they have devalued our currency. This time around food is costly, and most things that you would have gotten in the market at cheaper price are now costly as well.

The most annoying thing is that most of these food companies are now increasing the price of their products and reducing the quality which is very bad, some of them will even go to the extent of reducing the quantity. So at times like this, it is very important to make sure that you have your money invested in a really good asset that will save value for you.

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.

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.

The crisis is affecting each country's economy because all of them are printing money. Economists are saying that there is a debasement of USD in the world economy.
Inflation is inevitable for its happening since but the crisis is really speeding it up that even the rich countries are experiencing a hard time.

Institutions are also seeing BTC as a hedge for inflation that is why they are buying a lot of it. Countries that adopted BTC have the advantage over those that haven't.

It will be way worse. Its just the beginning. Inflation is not pumping 20% in one year to dump back a year after. Its a long process. Things that we do now (printing 20% of whole $$ supply in 1 year ... same with euro and other big currencies) impact inflation for next decade. And there is nothing we can do now to stop it.

The worse part is that we did not spend printed money for things that boost amount of available goods (f.e tech, investments). We used it to pay people to stay home - produce less stuff. So we increased supply and decreased amount of stuff you can do with them.

So yea its really bad.


We can't say that stealing money from hard working middle class is not bad because it may be beneficial for bitcoin in long term.

Yes, depending on what is meant by middle class. There are people who understand that someone who earns approximately the median income is middle class and I think that's what the OP had in mind..

I prefer the definition:

Working class: relies exclusively on their job to live.

Middle class: depends on his job to live but has financial assets whose income improves his standard of living and that would allow him, if he loses his job, to hold on for a while with that income and/or by selling assets:

Upper class: does not need to work to live. He can if he wants to, but the income from his financial assets exceeds his expenses.

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.

Inflation is just defined as not enough labor/products, too much supply. More spending is usually an outcome of higher inflation rates, but that isn't necessarily the causal factor. The cost of living increasing is a factor that goes into inflation calculation.

You can inject money through whatever mechanism the central banks want, or can limit the products/labor that exist in the market. Some central banks tried to dry up the market with taking on securities (aka the US), and you can see where that led to (5+ inflation rate). So it's not only that the cost of living went up due to a shortage of products, because Covid caused some shortages, it was a lot of mishandling of fiscal policy

I think some of the cost hikes associated with rising food prices are on the supply side. The price of oil has increased. Which raises shipping costs that passed on to businesses and consumers. Over the last 2 years farmers have recorded poor crop harvests, which diminish supply and also contribute to price hikes.

The media can say its "inflation" to keep the public's eyes closed as to what the real causes are. Leaving people powerless to be literate on economic and financial issues. Those who want to appear smart on internet forums often spam the catch phrase: "correlation is not causation".

Where is the correlation or causation between food prices and inflation? Did the UK recently print fiat in significantly greater supply? Is there anyone who cares about knowing legitimate facts behind rising prices and current market trends.

And that's the kicker--in addition to higher prices, taxes are going up and governments are looking high and low for ways to cut funding to various programs, and it's not just happening in the UK.  It's happening in the US and who knows how many other countries.

That graph doesn't look too bad, considering that it looks like inflation was over 5% in 2012 and is 3.2% now.  But looking at the period after the trough in 2020, it seems as though inflation is going up in a vertical line and that's scary.  There's no telling how far that trend is going to last, but if I had to guess I'd say it'll be a problem for years.

I hate to be pessimistic and I'm not a person wearing a "doomsday is coming" sandwich board, but Jesus....it's going to suck to be poor for a very long time, and even if you're in the middle class it's going to be bad.