Sithara007
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June 02, 2021, 04:05:17 AM |
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Inflation is not "that" bad when it's done properly, because the money we have needs to grow more and more so that everyone could have more, the greed in human nature can be swallowed hole from the inflation, everyone could get richer and we would be doing fine.
However the problem is when there is a 2% inflation and 90% of that is for the billionaires and none of it for the regular people, that is not going to be the inflation that is the problem, it is the wealth gap. When you have more unemployed people, and when you have millions of more people who are working for minimum wage because they accept anything they can find instead of being unemployed, when you have college graduates who work at mcdonalds, and then you look at 10 people making nearly 300 billion dollars in profit, you know that inflation is not the issue and it is the unfair advantage rich people have.
My issue with inflation is that it reduces the net worth of our savings. And the impact is almost limited to the middle class, as they are the ones who hold assets that are vulnerable to inflation. The poor usually don't have any savings, while the rich have most of their wealth in the form of real estate and bullion, and these assets are protected against inflation. IMO, inflation impacts everyone (but middle class is disproportionately impacted) and it can be beneficial only for the politicians (they can keep their subjects happy with more handouts).
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fillippone
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June 02, 2021, 05:27:36 PM |
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In the meantime yesterday the annual inflation in EU hit 2% for the first time since 2018. Forward inflation, inflation over a 5y period forecasted in 5Y, is also at relative maximums around 1.65 in Europe.
Don’t worry: the ECB has already clearly stated they are ready to let numbers run wild for a certain period of time, as they have been lagging the official targets for many years. So expect inflation above 2% nominal level and printers still going brrrr.
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Coroline
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June 02, 2021, 10:48:11 PM |
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Inflation reduces the value of the currency's purchasing power. So due to inflation, the same amount of money will buy less goods than before. This happens because sellers are compelled to increase the price of their goods. In an attempt to capture the same value for their goods after inflation.
As purchasing power falls, the standard cost of living is higher than it was before inflation. Consequently, people are required to make more money than ever before. Because to be able to get the same goods or services, they have to pay more.
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clint25n
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June 02, 2021, 11:11:18 PM |
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Our economy change drastically and very tangible of the eyed of everyone. We can not control the economics cycling in out of the world. More people suffer that can not afford to buy due of high demand of the prices the situation of the poor status it's getting vulnerable so it is really hard when we're in point of the high inflation more risk we can experience.
That's right, that's why we are obliged to always invest, save from some of the money we work for... who knows in difficult conditions like this, at least we still have a handle to be able to continue to survive... no need to live excessively if it is still enough... I hope this condition will end soon and the government should be more concerned with the people below.
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bryant.coleman
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June 03, 2021, 08:53:51 AM |
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Inflation reduces the value of the currency's purchasing power. So due to inflation, the same amount of money will buy less goods than before. This happens because sellers are compelled to increase the price of their goods. In an attempt to capture the same value for their goods after inflation.
As purchasing power falls, the standard cost of living is higher than it was before inflation. Consequently, people are required to make more money than ever before. Because to be able to get the same goods or services, they have to pay more.
One of the issues with inflation is that the wages almost never goes up. Unless you change your job, your salary remains the same. And that is despite a steep reduction in purchasing power by 10% or 20%. The expenses on all the other services go up. On top of that, the net value of most of your savings will also go down (in case they are in the form of treasury bonds or bank deposits). In short, the only group of people who will benefit from inflation will be those who refuse to work and life off welfare benefits and handouts from the government.
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AicecreaME
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June 03, 2021, 09:09:50 AM |
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There are several factors why the economy of a country is at risk of inflation. One most common reason is politics. Politics play a great role in every aspect of our lives. You may not know or notice it, but almost everything involves politics. A country is governed by several people that have the work to lead the citizens into a better society. However, most often than not, the government fails to bring quality work and services that results to negative impact to the overall status of the economy. Thereafter, it is reflected in the market and mostly, the ordinary people suffer.
Bad governance can lead to an increased inflation rate. In fact, every presidential term here in our country, it is mandatory to check whether or not the inflation rate has gone up or down. This is one of the indicators if the leader strategized and planned well the execution of policies, laws, and regulations about supply and demand that could cause inflation of prices in the market.
As long as your country has a good set of people who are committed to serve their constituents, you have a little to worry about.
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Rono
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June 03, 2021, 09:42:15 AM |
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It is really creating a big problem. Inflation it making the situation of little earning of people is very difficult time like die to living moment.This momentum never Ending soon.It has been such a shameless situation for the nation.In the other had which people has lots of money they can make more and not be taking granted in any poor and couldn’t even think about them.They have no issues or headaches for inflation.Now a days who is poor is getting more poor and who has money is always getting bigger and bigger.If Good Government can not take this issues seriously than it is for sure that poor people dying for the Government.
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Wind_FURY
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June 03, 2021, 09:43:08 AM |
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This Italian artist sold an “invisible sculpture” for more than $18,000. https://www.newsweek.com/italian-artist-sells-invisible-sculpture-more-18000-1596608Hahaha. That’s simply, Proof of Inflation, and proof that it will definitely get crazier and crazier. Many people have too much cash in their hands to spend in useless things.
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zanezane
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June 03, 2021, 09:53:53 AM |
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The reason for that is because fine arts is a scam that is used by elites to park their money and make a big tax breaks by making the arts a donation to museums. I mean that's what any greedy and stupid person will do, they try to spend on things that they don't want to impress the people that they don't like instead of helping those in need with their money.
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imstillthebest
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June 03, 2021, 10:07:56 AM |
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It is really creating a big problem. Inflation it making the situation of little earning of people is very difficult time like die to living moment.This momentum never Ending soon.It has been such a shameless situation for the nation.In the other had which people has lots of money they can make more and not be taking granted in any poor and couldn’t even think about them.They have no issues or headaches for inflation.Now a days who is poor is getting more poor and who has money is always getting bigger and bigger.If Good Government can not take this issues seriously than it is for sure that poor people dying for the Government.
not all times its the riches and the governments fault because some governments are good at handling thier country but there will still be poors because they dont have dicipline in thier selves . also some rich can help the poor and not all rich are lucky to get richer but some can get poor if they are not wise in handling their money . inflation can be fought out by everyone if they can plan ahead
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angrynerd88
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June 03, 2021, 05:07:08 PM |
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Inflation is bad for economy and government busy to make unique policies to control the inflation.Also best way to reduce inflation is legalize the crypto which help the econmoy to hit milestone. Particularly in this widespread, the expansion is kinda difficult to control. Be that as it may, I figure with a reasonable approach and quick choice making everything can be taken care of well. It's truly vital to treat expansion as a genuine issue, inflation can be truly perilous for the nation additionally the individuals.
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mojun7982
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The Standard Protocol - Solving Inflation
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June 03, 2021, 11:02:32 PM |
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Inflation is bad for economy and government busy to make unique policies to control the inflation.Also best way to reduce inflation is legalize the crypto which help the econmoy to hit milestone. Particularly in this widespread, the expansion is kinda difficult to control. Be that as it may, I figure with a reasonable approach and quick choice making everything can be taken care of well. It's truly vital to treat expansion as a genuine issue, inflation can be truly perilous for the nation additionally the individuals.
I wouldn't say that legalizing crypto can prevent the upcoming inflation at this point. It may just offer an opportunity to those are affected by inflation to reduce the impact by having value preserving assets. However, there are barely any value preserving assets at this point as they are either pegged to a currency or the assets are volatile.
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Gatorelf
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June 03, 2021, 11:06:31 PM |
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inflation is nothing more than greed, why isnt there deflation? because people always want more for what they have
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Sithara007
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June 04, 2021, 05:27:23 AM |
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inflation is nothing more than greed, why isnt there deflation? because people always want more for what they have
Deflation will happen only when there is a shortage of cash and there is an oversupply of various commodities. Such a scenario is unlikely to happen anytime in the future. Because the governments are engaging in stimulus measures (meaning uncontrolled printing of banknotes). This leaves surplus cash at the hands of people and they will be willing to pay more for the commodities. The last time we had deflation was during the 80s in Japan. But even Japan has moved to an inflationary system now.
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AVATAR & PERSONAL TEXT Leading Crypto Sports Betting & Casino Platform Feel free to drop your doubts bellow Report to moderator ♠ ♥ ♣ ♦ ▬▬▬ ▬ Stake.com / Play Smarter ▬ ▬▬▬ ♠ ♥ ♣ ♦ ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ L E A D I N G C R Y P T O C A S I N O & S P O R T S B E T T I N G Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here. Strongkored Legendary * Online Online Activity: 2072 Merit: 1061 View Profile Personal Message (Online) Trust: +0 / =0 / -0 Ignore Re: [OPEN]Stake.com NEW SIGNATURE CAMPAIGN l NEW PAYRATES l HERO & LEG ONLY May 31, 2022, 08:28:59 AM Reply with quote +Merit #2 Bitcointalk Username: strongkored Profile Link: https://bitcointalk.org/index.php?action=profile;u=640554Post Count: 5040 Forum Rank: Legendary Are you able to wear our Signature, Avatar & Personal Text? will wear upon receipt Stake
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paxmao
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June 04, 2021, 08:04:24 AM |
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We may not know when will it happen, but we do know that it will happen. Bitcoin can be used against hyperinflation, but I am not so sure that it has yet the level of maturity required to actually serve a hedge agains normal levels of inflation. Think of it, because bitcoin can swing 20% in a month an nobody would blink, but the inflation is considered high when above 5% a year, so that is not really much of an use case in most occidental countries.
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leea-1334
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June 04, 2021, 03:57:44 PM |
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Inflation is bad for economy and government busy to make unique policies to control the inflation.Also best way to reduce inflation is legalize the crypto which help the econmoy to hit milestone. Particularly in this widespread, the expansion is kinda difficult to control. Be that as it may, I figure with a reasonable approach and quick choice making everything can be taken care of well. It's truly vital to treat expansion as a genuine issue, inflation can be truly perilous for the nation additionally the individuals.
Inflation is NOT necessarily bad for economy, it can be useful in certain times to stimulate spending but of course it is highly inefficient and it tends to benefit the upper classes more than anyone else. I think in my view,,, legalizing crypto will not help inflation. Only curing the ails of the economy can.
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fillippone
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June 04, 2021, 11:04:30 PM |
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Inflation is NOT necessarily bad for economy, it can be useful in certain times to stimulate spending but of course it is highly inefficient and it tends to benefit the upper classes more than anyone else.
With inflation, the economy gets a stimulus from all the people spending from their money because they know that in the future their money will be less valuable. If you like the economy tho thrive on the back of common people please...go live in Turkey
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Midy
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June 05, 2021, 11:25:02 AM |
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That's why many people and institutions are looking for an alternative asset that is not affected by inflation and makes their money grow by hedging into it. That is the reason why some companies are putting their money into cryptocurrencies like Bitcoin. It's just that it's best to prevent that, and with the current economy and tragedies that we are experiencing right now, it's a good approach to it.
that's why we have to have several sources of passive income, to be able to overcome the world economy which is getting more and more difficult, one of which as you mentioned is investing in stocks or cryptocurrencies, we can't imagine if conditions like this will continue for the next 3-5 years ![Cry](https://bitcointalk.org/Smileys/default/cry.gif)
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Wind_FURY
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June 05, 2021, 11:31:17 AM |
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This analysis is a preview on what’s coming in the U.S., or what might be coming. If the U.S. economy crashes, then most of the world economy crashes. https://corporate.nordea.com/article/65915/usd-inflation-preview-prepare-for-another-shockerChoose your hedge/store of value, it might be gold, real estate, emerging market equities, or Bitcoin/cryptocurrencies.
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Wind_FURY
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June 07, 2021, 06:07:18 AM |
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I think that all bigger countries will experience higher inflation in the next years. Due to the corona pandemic many central banks are printing money heavily. We as the small investors can't do much except going for inflation protection. The best idea is to mix our assets and buy gold, cryptos and real estate. The only problem is that gold is already expensive and so is prime real estate. But do you know why their prices are also surging up? Because of INFLATION, and it will get worse before to gets better. I believe like the best Bitcoin investing strategy for plebs like us, what to do with Gold and real estate is to Buy the dip and HODL. If I can buy a small farm land, I would do it.
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