Our current state of affairs, is a sad story.
It all comes down to us wanting to be confident in our choices and views, without knowing what the facts are.
Making uninformed choices based on inaccurate concepts and ideas. Leads to a negative status quo.
We need accurate knowledge and information to support the correct people and correct things.
We have forgotten this. Which is why things are the way they are.
Topic: Scarcity of money - page 5. (Read 640 times)
legendary
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I hope we are save! The common masses are going through a lot in the street, is this kind of inflation era.
Why is money not in circulation please?
Just imagine in Nigeria currently, we use money to buy money, where in the world has such a thing been heard of? this is simply man's inhumanity to man, i just hope that one day, people responsible for all this atrocities will pay dearly for all their sins.
There is no scarcity of money in much places well except for Nigeria which was caused by poor decision from the body/organization in charge of the nations finances.
Apart from Nigeria I don’t think there is scarcity of money everywhere there is just scarcity on the means to earn money. That’s why the masses are finding it very difficult now around the world.
Apart from Nigeria I don’t think there is scarcity of money everywhere there is just scarcity on the means to earn money. That’s why the masses are finding it very difficult now around the world.
that is correct, hard to earn money these days. so if you are just a common man, don't be choosy with the jobs. so long you can earn to survive, grab it. and aside from work, you can always look for alternative options to save and earn money. even if you are not a farmer, but you have a small land, why not tend it? just an example to survive.
When a country has a good economy then it means that there's sufficient money in circulation for their people. There's no actual scarcity of money for the entire world, there is even a bunch supply of money for most countries. What's scarce is the opportunities, resources, and land.
That's for sure that we've got limited for those things and that's making it hard for those people, especially in those countries that have limited opportunities as they barely survive every day. The resiliency of these people is greater than what can we think of because they've used to living like that even if it's the hardest.
And this is especially true if the rich which have a lot of fiat decide to change the form of their wealth and begin to buy real estate and other assets which are in short supply, this increases the demand for them and reduces its supply which increase their price, making even harder for the average person to acquire those assets, and with the economy being in such a bad shape I do not see this changing soon and it seems as if things are bound to get even worse. That's for sure that we've got limited for those things and that's making it hard for those people, especially in those countries that have limited opportunities as they barely survive every day. The resiliency of these people is greater than what can we think of because they've used to living like that even if it's the hardest.
There is no scarcity of money in much places well except for Nigeria which was caused by poor decision from the body/organization in charge of the nations finances.
Apart from Nigeria I don’t think there is scarcity of money everywhere there is just scarcity on the means to earn money. That’s why the masses are finding it very difficult now around the world.
Apart from Nigeria I don’t think there is scarcity of money everywhere there is just scarcity on the means to earn money. That’s why the masses are finding it very difficult now around the world.
When a country has a good economy then it means that there's sufficient money in circulation for their people. There's no actual scarcity of money for the entire world, there is even a bunch supply of money for most countries. What's scarce is the opportunities, resources, and land.
That's for sure that we've got limited for those things and that's making it hard for those people, especially in those countries that have limited opportunities as they barely survive every day. The resiliency of these people is greater than what can we think of because they've used to living like that even if it's the hardest.
That's for sure that we've got limited for those things and that's making it hard for those people, especially in those countries that have limited opportunities as they barely survive every day. The resiliency of these people is greater than what can we think of because they've used to living like that even if it's the hardest.
Perhaps other nations are catching up with the cashless economy, beside, may I know how do you come about this? What makes you think other countries are experiencing scarcity of money?
Don't generalised base on what is happening in your country.
Maybe this is the government's way of tackling inflation, maybe they wants to reduce the amount of raw cash in circulation. If you can shop with your card, why do you worry about the number of money circulating.
Don't generalised base on what is happening in your country.
Maybe this is the government's way of tackling inflation, maybe they wants to reduce the amount of raw cash in circulation. If you can shop with your card, why do you worry about the number of money circulating.
Everything looks fine and orderly. The current period is all about inflation and chaos that happened after pandemic hit the world. It was but obvious to happen considering the whole market was under shut down. I wouldn’t call it scarcity. There is lot of money in the UN and throughout the world. In fact we are also looking at few developing nations from the Asia region becoming as powerful economic Centers with world trade quality. I’m sure whatever info you have got is either baseless or they are just your own thought due to inflationary pressure.
Why is there so much scarcity of money in different nations of the world, is there any crisis affecting UN's economy? People hardly meet up this days, the government has failed us, the banks are not working, companies and industries has reduced quality of products.
I know there is scarcity of fiat in Nigeria because the government is redesigning the country's currency to improve it's security, reduce counterfeiting and ransome payments to kidnapers. I have not heard about the same problem in any other country.Regarding poor quality of goods in most countries, this is the result of poor regulation and control. Most countries don't have effective mechanism to control the importation and local production of goods. Most countries have become a dumping ground for most developed nations. They dump outdated and sometime environmentally unfriendly good without considering it's negative impact. Locally produced good are not evaluated to check it they meet global standards.
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Is affecting so many countries in Africa, America and Europe, the rate of unemployment, insecurities and corruption is becoming alarming by day.
I hope we are save! The common masses are going through a lot in the street, is this kind of inflation era.
Why is money not in circulation please?
I hope we are save! The common masses are going through a lot in the street, is this kind of inflation era.
Why is money not in circulation please?
The rich are getting richer because of the growth of inequality. The global economic crisis caused by COVID-19 and the Russian invasion of Russia is not also helping matters. Many firms have closed dou to high cost of raw materials and inflation. This has led to high rate if unemployment, poverty and crime.
because most people hold back their money because they are worried that if they invest it they will lose it, because money is not circulating, there is no economic turnover, that's why everything becomes difficult.
One of the major reasons is the economic policies of governments and central banks. In some cases, the policies may not be effective in ensuring a stable economy, which can lead to a shortage of money.
The issues you mentioned, such as unemployment, insecurity, and corruption, are all interconnected and can contribute to a scarcity of money in circulation. For example, corruption can lead to mismanagement of funds, which can result in a shortage of money available for investment and economic growth.
The issues you mentioned, such as unemployment, insecurity, and corruption, are all interconnected and can contribute to a scarcity of money in circulation. For example, corruption can lead to mismanagement of funds, which can result in a shortage of money available for investment and economic growth.
There isn't a scarcity of money; there is only inequitable distribution. This is rather a complex topic, but the point is that so few have so much while the rest of the huge majority can only do with what's little left.
Globally, the richest 1% has almost twice as much money as the rest of the 99%.[1] If this is to be observed locally, it means a small family of 3 owns a number of mansions, ranches, and farms while a family of 10 only lives in a dilapidated shack on a very small piece of land that isn't theirs.
From where I am, a government consultant who barely reports to office could receive a salary 1,775% more than a staff who needs to work everyday.
[1] https://www.oxfam.org/en/press-releases/richest-1-bag-nearly-twice-much-wealth-rest-world-put-together-over-past-two-years
Globally, the richest 1% has almost twice as much money as the rest of the 99%.[1] If this is to be observed locally, it means a small family of 3 owns a number of mansions, ranches, and farms while a family of 10 only lives in a dilapidated shack on a very small piece of land that isn't theirs.
From where I am, a government consultant who barely reports to office could receive a salary 1,775% more than a staff who needs to work everyday.
[1] https://www.oxfam.org/en/press-releases/richest-1-bag-nearly-twice-much-wealth-rest-world-put-together-over-past-two-years
All economies have observed that increase printing and circulation of fiat money further leads to more inflation degrading the quality of the economy of such country, devaluation of the currency, continuous increments of the prices of products and services where more money is chasing fewer goods leading to economic crisis. And this they have seen as problematic should there be more printing and pumping of fiat money. For this reasons many countries have gone digital where electronic money transaction is the order of the day reducing much physical cash in hands of citizens and having it more electronically under the control of the central banks of the country so to reduce inflation effect and crisis. This thereby is believed to lead to increase value of the currency, products and services and reduce/control fraudulent activities
What do you mean by so much scarcity of money in different nations in the world? Do you mean that because of inflation, those funds lost their value, or is there no cash, or is it difficult to access loans and new funds?
Many countries in the world face the problem of inflation, which is that you have a lot of money, but its purchasing value is very low, and therefore money has no value and value is rare.
Some, due to the Federal Reserve's increase in interest, are draining liquidity from the market, and it is difficult to access fresh money.
If the non-use of cash is common in your country, there should be no liquidity problems.
Many countries in the world face the problem of inflation, which is that you have a lot of money, but its purchasing value is very low, and therefore money has no value and value is rare.
Some, due to the Federal Reserve's increase in interest, are draining liquidity from the market, and it is difficult to access fresh money.
If the non-use of cash is common in your country, there should be no liquidity problems.
hero member
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Maybe it's because other people also want to have savings they can use when inflation increases and increases the prices of basic necessities. We also can't complain to the government and can only try ourselves by saving our income to prepare ourselves if inflation really comes. Everything has changed now and we can't do anything but just follow what's happening around us and keep trying to survive. I'm sure we can still survive even if the government fails us, the banks don't work because we are strong survivors in every bad situation. We can survive.
Why is there so much scarcity of money in different nations of the world, is there any crisis affecting UN's economy? People hardly meet up this days, the government has failed us, the banks are not working, companies and industries has reduced quality of products.
Is affecting so many countries in Africa, America and Europe, the rate of unemployment, insecurities and corruption is becoming alarming by day.
I hope we are save! The common masses are going through a lot in the street, is this kind of inflation era.
Why is money not in circulation please?
Is affecting so many countries in Africa, America and Europe, the rate of unemployment, insecurities and corruption is becoming alarming by day.
I hope we are save! The common masses are going through a lot in the street, is this kind of inflation era.
Why is money not in circulation please?
Nowadays almost all countries are experiencing such problems. You won't find any countries that don't suffer like that dude. All countries also experience inflation and even when it has not gone away from the problems of the governments.
And it cannot be denied that the whole world is now facing a crisis, which is why the decrease in the inflation rate depends on the government's decision. That's why there is often a moderate situation, only equal balance always.
It's good to be constructive in your expression, maybe you are a Nigerian and letting the present cash crunch control your emotion. It would have also been nice if you could name the countries in Africa, Europe and others that are facing the cash crunch, I doubt if you would be able to name up to 5 of them.
Zimbabwe was the African country that was battered by it but is getting over it before the case of Nigeria in which the main target of the government is to counter Money laundering, Vote buying, Kidnapping and many other menaces in the society.
Zimbabwe was the African country that was battered by it but is getting over it before the case of Nigeria in which the main target of the government is to counter Money laundering, Vote buying, Kidnapping and many other menaces in the society.
I'm curious about the title and accompanying text from the OP, where did you get that information from?
Are you looking at the reality of the social state of the gap between the poor and the rich, the balance will happen, but when will I look forward to it.
The financial system has been in trouble for many years, not just now, and now it is showing an inability to withstand the pressures they created themselves.
But honestly that balance is hard to come by, when countries live on the same planet but they are more competitive and hegemonic.
Are you looking at the reality of the social state of the gap between the poor and the rich, the balance will happen, but when will I look forward to it.
The financial system has been in trouble for many years, not just now, and now it is showing an inability to withstand the pressures they created themselves.
But honestly that balance is hard to come by, when countries live on the same planet but they are more competitive and hegemonic.
The world economy also has cycles, there will be good times, and there will be downturns, we cannot expect our world to always be healthy. Currently, we are in a period of crisis and recession, if people can survive and take advantage of the downturn, we will have a good life when the time of prosperity comes. Historically, the economy has experienced similar difficulties many times, and it always overcomes them all, you don't need to worry about everyone, what you need to worry about is yourself.
You have to build your own farm and grow your own crops, thats how I see it, complaining will not work because everyone needs to survive.
The better term here is the skilled get the money and the country that has more influence will always prosper than others. It might suck to live in a country that has a poor economy, low natural resources to sell and poor living conditions. But it is upon the individual to move on from that, earn a living and strive to reach a better living condition.
More money in circulation does not solve the problem, that increases the inflation. But how much a person is able to work and earn, that differs.
The better term here is the skilled get the money and the country that has more influence will always prosper than others. It might suck to live in a country that has a poor economy, low natural resources to sell and poor living conditions. But it is upon the individual to move on from that, earn a living and strive to reach a better living condition.
More money in circulation does not solve the problem, that increases the inflation. But how much a person is able to work and earn, that differs.
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