The governments damaged the economy by shutting down various businesses and introducing lockdowns and quarantines. They should find ways to fix what they broke, for instance by lifting taxes, or give power to those who will.
I wouldn't blame the government totally for the current economic situation, imo, they were faced with a very difficult situation, they couldn't leave the country open and the economy running at the detriment of the health and lives of it's citizens, so many people do not agree with the first lockdowns, but I think it was called for, they were aware of what it will do to the economy, but at that time, what mattered was stopping covid spread at least to an extent, while they look for a solution. 
Topic: We dont see and dont feel hyperinflation only for one reason (Read 223 times)
Op, you could prolly start by grouping countries you think are yet to experience inflation or hyperinflation, cause AFAIK, it's not possible for every country to experience inflation at the same time or for the same reason. Imo, there'll be quite a lot of countries hit with Inflation cause of some of the policies they took to handle the Corona virus pandemic, but they aren't going to experience inflation just immediately, it's going to take a while before they are going to bear the brunt, that could be why it seems everything is fine in some countries for now.
Probably most of us would disagree with hyperinflation and I think those with great business background people would not stoop so low with hyperinflating prices of products most specially with basic commodities because they will know that commoners would not agree with this and would start an uproar if they placed a large price on every items.
Using real money is punished by money lndry laws.
You're making big deal out of nothing. How many real money launderers are there? What percentage of cash users launder money? My rough guess is that it's less than 0.5%.I use cash every day and I don't feel punished in any way. I also exchange bitcoins to cash from time to time.
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If we want to save current money system we need to use credit based money only
People are already shopping online more than they did in 2018.
It's not up to us to take the burden. The governments damaged the economy by shutting down various businesses and introducing lockdowns and quarantines. They should find ways to fix what they broke, for instance by lifting taxes, or give power to those who will.
Hyperinflation is an unwanted evil. The most vulnerable people are the most affected, when you least realize you cannot buy what you usually bought before. The food you buy is less every day and poverty begins to increase.
In this crisis of the pandemic, what I most hope is that we manage to overcome it as soon as possible and start recovering the economy to avoid that the socio-economic problems are more serious.
In this crisis of the pandemic, what I most hope is that we manage to overcome it as soon as possible and start recovering the economy to avoid that the socio-economic problems are more serious.
Only way to open economy is to eliminate cash all thou
Banks need to have only 10% real cash ...
The economy can be opened if people dont use real money but credit
Using real money is punished by money lndry laws.
If we want to save current money system we need to use credit based money only
There are several sectors that did well during a pandemic, such as information and communication, agriculture, education services, real estate, health services, and the water supply sector, it might be different depends on the country but people did a pretty good to survive. Economic growth was greatly affected by Covid-19 when the lockdown occurred which caused many sectors to be hampered and people lost their jobs, but over time they have learned to adjust themselves and develop ideas to survive.
Hyperinflation is an unwanted evil. The most vulnerable people are the most affected, when you least realize you cannot buy what you usually bought before. The food you buy is less every day and poverty begins to increase.
In this crisis of the pandemic, what I most hope is that we manage to overcome it as soon as possible and start recovering the economy to avoid that the socio-economic problems are more serious.
In this crisis of the pandemic, what I most hope is that we manage to overcome it as soon as possible and start recovering the economy to avoid that the socio-economic problems are more serious.
We dont see the hyperinflation only for one reason
because of the big drop in money occasioned by Covid19
Thanks to covid we dont have to bring 100k+ to shop to buy some milk and other food .
No wonder why before the covid every responseble person at the covid times have a economic degree or kind of economic money business background.
So if they open business normal ways again...
The hyperinflation will rocket fast like rocket
I can say you that we have a pritty big inflation in travel industry (airlines companies, cruises, liners, trains). Whose players who survive play prices up as they can to quickly recover.because of the big drop in money occasioned by Covid19
Thanks to covid we dont have to bring 100k+ to shop to buy some milk and other food .
No wonder why before the covid every responseble person at the covid times have a economic degree or kind of economic money business background.
So if they open business normal ways again...
The hyperinflation will rocket fast like rocket
Also sevices for medicine and health industy infliated terrible. In some contries because of a covid people can`t even treat cancer, because all industry fiting for covid, and they must to find private expensive hospitals.
Also we see how part of stimulation package money gone on a markets and at crypto also, while a lot of people siting at home, and didn`t find other ways to spend it. Therefore, this money supply is taken out of circulation and does not create inflation.
So if they open business normal ways again...
The hyperinflation will rocket fast like rocket
The hyperinflation will rocket fast like rocket
It is your fault that you take the whole world as a whole in the context of hyperinflation, so not all countries are equally affected by the effects of the pandemic, just as not all countries have taken the same economic and financial measures to protect their economies. The price of milk depends on production and imports for a particular country, and on domestic demand - and milk, like bakery products, is a product that has a continuity of demand.
I think your thesis are completely wrong, not to say that the spread of FUD does not lead to anything good. Hyperinflation has happened in some countries, it will probably happen in others - but it has much deeper roots than a pandemic that lasts just over a year.
Thanks to covid we dont have to bring 100k+ to shop to buy some milk and other food .
People aren't starving to death because of COVID-19, and though a lot of people are out of work and many are staying at home rather than venturing out to the grocery store, they're still buying stuff like crazy online. Why do you think Amazon's stock is through the roof right now?So I don't think that's why we're not seeing any hyperinflation (and I'm talking just about the United States here) when by all rights we should be. With all this money that's being printed and all the unemployment benefits and the stimulus checks, it baffles me why prices for basic goods and services haven't shot to the moon. Nor have I heard a good explanation for it thus far--but my gut is telling me that it's coming. If not hyperinflation then at least high inflation. It's like people are putting all of their money into the stock market and bitcoin, because those two asset classes actually have been pumped up to insane levels in the past year.
Lets do test ? Lets open economy full ... youll see how fast the milk price will go to moon
I don't know where you're from, but in the US all the stores are open and milk is for sale to everyone who wants to buy it. I don't know if the price of milk has gone up or not, but I'm not so sure that it'll spike when all the lockdowns across the world are lifted. You might be correct, but we'll see.Uk have most bad
Uk have printed most money more then usa .
Now they open economy in uk again if they get all the money and must register every person in uk and to create per person 5000 000£
But new monney must go trhough strong kyc
So no more open bank with psssport copy but only selfie with bank mobile app in uk.
Now they use crypto to make uk curremcy better.
The economist would tell you, after inflation price of goods is still cheaper, yup it’s when gold is priced at $35 an ounce, we are moving to plant based diet quickly, still the same burger and it has plant based protein, don’t like plant protein? No sweat we have lab grown meat for your burger too, but lab grown meat is expensive during the transition phrase, it might get cheaper when it goes mass adoption, damn the future is looking at the foods getting a lot of changes, change from outdoor to indoor harvesting, change from wild meat to lab meat, change from animal protein to plant protein, it certainly challenging to get a proper food on the table.
Thanks to covid we dont have to bring 100k+ to shop to buy some milk and other food .
People aren't starving to death because of COVID-19, and though a lot of people are out of work and many are staying at home rather than venturing out to the grocery store, they're still buying stuff like crazy online. Why do you think Amazon's stock is through the roof right now?So I don't think that's why we're not seeing any hyperinflation (and I'm talking just about the United States here) when by all rights we should be. With all this money that's being printed and all the unemployment benefits and the stimulus checks, it baffles me why prices for basic goods and services haven't shot to the moon. Nor have I heard a good explanation for it thus far--but my gut is telling me that it's coming. If not hyperinflation then at least high inflation. It's like people are putting all of their money into the stock market and bitcoin, because those two asset classes actually have been pumped up to insane levels in the past year.
Lets do test ? Lets open economy full ... youll see how fast the milk price will go to moon
I don't know where you're from, but in the US all the stores are open and milk is for sale to everyone who wants to buy it. I don't know if the price of milk has gone up or not, but I'm not so sure that it'll spike when all the lockdowns across the world are lifted. You might be correct, but we'll see. Lets do test ? Lets open economy full ... youll see how fast the milk price will go to moon
No one'll buy it though? People will just cut it out of their diet or use something else. If milk goes up, the price of a cow goes up so more people with enough land will buy a cow to produce milk and more milk hitting the shelves will knock down its prices.
No you cant own cow it might be very dangerous as cow pandemic.
Lets do test ? Lets open economy full ... youll see how fast the milk price will go to moon
No one'll buy it though? People will just cut it out of their diet or use something else. If milk goes up, the price of a cow goes up so more people with enough land will buy a cow to produce milk and more milk hitting the shelves will knock down its prices.
Both people with a good background and understanding of finance and those who don't participate didn't notice much as a whole imo. People with a bad background, sold the bottom or sold the decline near the bottom - or didn't buy back low enough.
There are people with econlics or finance degrees that don't think inflation exists so I wouldn't generalise all of them as rational.
Your last sentense doesn't seem to make sense though?
There are people with econlics or finance degrees that don't think inflation exists so I wouldn't generalise all of them as rational.
Your last sentense doesn't seem to make sense though?
Lets do test ? Lets open economy full ... youll see how fast the milk price will go to moon
Both people with a good background and understanding of finance and those who don't participate didn't notice much as a whole imo. People with a bad background, sold the bottom or sold the decline near the bottom - or didn't buy back low enough.
There are people with econlics or finance degrees that don't think inflation exists so I wouldn't generalise all of them as rational.
Your last sentense doesn't seem to make sense though?
There are people with econlics or finance degrees that don't think inflation exists so I wouldn't generalise all of them as rational.
Your last sentense doesn't seem to make sense though?
We dont see the hyperinflation only for one reason
because of the big drop in money occasioned by Covid19
Thanks to covid we dont have to bring 100k+ to shop to buy some milk and other food .
No wonder why before the covid every responseble person at the covid times have a economic degree or kind of economic money business background.
So if they open business normal ways again...
The hyperinflation will rocket fast like rocket
because of the big drop in money occasioned by Covid19
Thanks to covid we dont have to bring 100k+ to shop to buy some milk and other food .
No wonder why before the covid every responseble person at the covid times have a economic degree or kind of economic money business background.
So if they open business normal ways again...
The hyperinflation will rocket fast like rocket
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