Topic: Now UK is facing inflation so choose the best for you.. - page 4. (Read 434 times)

Yes it can be controlled, but it's always unavoidable. Also, printing more money papers seems to be as a way to control inflation while it sophisticates things more. The known solution is that the bank of England will rise the interest rate, prices will continue rising until people and businesses have les money to spend which will stop pricing from rising more and we reach a stability again [It will take several months].
Note that this high inflation was expected right after the Brexit. However, it didn't exceed the 4% during its history, so the UK is still far from an hyperinflation like happened before in Zimbabwe or Venezuela.

While inflation in the UK might continue to rise in the short term, maybe hitting 4%, the reasons behind it are causing this distortion and it is being showcased here in a very misleading way. Around this time last year the UK government was trying to spur spending and wanted to get people spending within the economy, so they offered a 50% off discount with certain criteria at every restaurant in the country (they covered the excess bill to a certain price). This worked and lots of people took up the offer, however it is bound to show a drop a year later since it is a yearly month on month based comparison. You probably know this already, or should know this from even basic research, and have decided to paint a false picture of what has actually happened to cause this rise.

Bitcoin is of course a very good hedge for fiat inflation and devaluation, but just as you have said and likewise many of us are experiencing in our country of residence, the cost of living has skyrocketed, fiat money has lost a lot of it's value and prices of basic commodities are going up, thus it's going to be very difficult for an average citizen to take this advice of yours, people who can barely get enough to live on per day would surely not be thinking of Bitcoin; imo, as much as Bitcoin is good and necessary in our society today, as regards inflation and hyperinflation what is needed is quality measures from the government to handle the situation and bring things under control, only in such situation can peoples minds go in the direction of Bitcoin, except of course for the rich individuals.

The government printed quite a lot of money i understand, was it a very good move? No. But imo, at that time it was more less their only option as they had to do something, with little or no money in circulation. It's just like the issue with vaccines, anti-vaxxers think it's unnecessary and are of the opinion that our immune system is sufficient to fight the virus, but the truth is no matter how one is indifferent to vaccines, vaccination is more or less the only way to bring the spread of the virus under control.

If British people know where to look for a rescue against inflation that is going on, many of them will probably choose. Not only Bitcoin gold can be their financial savior during inflation. And until now, management to avoid inflation is just that. Early securing large sums of money in bitcoin and gold can give them some relief.
I see that not only for the UK, but inflation is also eating away at the big countries. That way more economic overhauls and Bitcoin offerings are up for adoption.

Its not really bad afterall because it could have been way worse. Some developing countries would have higher inflation rate compared to some higher income countries but overall if it stays on average of 2-3% for global economic then Im pretty sure that it would turn out fine in the end however the good part of this is that some countries are looking into some other reserve alternatives such as bitcoin

At the long term, this would be beneficial for bitcoin

Its not just US and now UK. Its the problem of majority of the word. Here is a list of European Union (UK just left but was there for like 50 years.



Mostly because whole world is build on wrong economic model, wrong political model, was printing like crazy during covid panic, have reserves in a currency of slowly dying country which import much more than export and its only solution is to print more. Thats why everyone is now talking about global reset. Not US reset.

Inflation will make things more expensive and the state will print more money to meet the money demand. So stocks, real estate, precious metals and Bitcoin will be the ones that will increase in value because they are actually scarcer than money.
Inflation can be controlled but they will always affect the economy in a negative way over time.

Anyone that does not have their head buried in the sand knew this was coming and the media is doing everything they can to try to hide it, in fact just yesterday I read an article that said that this was a great moment to buy a house, and I was perplexed, the price of houses have more than tripled where I live during the pandemic and somehow this is a good moment to buy? Invest your money in a store of value before the pieces of paper you have in your pockets cannot buy anything, as it seems governments have decided to let the printers running and this time they are not stopping them.

Govt aren’t bothering about these I guess. What they are on is only to print more fiat and directly involved in the inflation. In such a pandemic, it’s quite normal to have inflation higher than usual but it seems UK is going to have some trouble in the near future.

What sort of electronic device you are talking about? A smartphone through one can use electrum wallet along with the lightning network? Isn't it available to everyone these days? Or what are you exactly talking about? A hardware wallet which cost less than $100?
This is not the perfect thread to discuss about this.

All statistics and analyzes of the economic future are dependent on controlling the pandemic. Without it being controlled, it is not possible to talk about any economic measures or start solutions.

according to NIESR forecasts:

• price inflation will reach 3.9% early next year, almost double the Bank of England's target
• if the BoE begins to raise interest rates, it should fall back to 2%

Source: https://www.reuters.com/world/uk/uk-inflation-hit-39-early-2022-niesr-forecasts-2021-08-02

All expectations are subject to change, as unemployment indicators and employment accelerators are good.
It is in a hurry to judge the weakness of the British economy, but it is definitely better to keep Bitcoin than to keep the money

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).

Rising inflation is not a new concern for the economies but growth in prices at alarming rate and others or moving towards hyperinflation situation is matter of concern which needs to be taken care of but no what the government are busy doing is just printing more and more notes or say printing more fiat making it worthless which can be compared to piece of papers only.The developed countries are also facing such issues even though it's less compared to underdeveloped or developing countries like in US or any but now this time UK is witnessing inflation peak in food prices with growth in one month only



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.

UK inflation rising

So what is best for you? Bitcoin can safeguard you from all these things and provide you deflationary future ahead and you don't have to worry about all these things.Have your bitcoin stacked with you ASAP.