Vishnu.Reang
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June 07, 2021, 12:14:03 PM |
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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.
For people like us, Bitcoin looks like the most suitable option. If you go for gold/platinum, then storage is an issue. You need to spend on expensive safes at home and even then it is not 100% safe. One option is to go for bank lockers or digital ETFs. And regarding real estate (farmland, houses.etc), there are additional expenses in the form of property tax and maintenance. If you don't have maintenance and all, then real estate is not the suitable option for you. That leaves you with a handful of choices, such as stocks, cryptocurrency and bonds.
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Sithara007
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June 08, 2021, 03:45:48 AM |
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Here in India, the CPI inflation has crossed 5% level. Before the pandemic, this was at 3%-4% range. And the worst news is that it is likely to increase further in the coming months. Here the case is similar to all the other countries. The government implemented a number of stimulus measures, which unfortunately had the side effect of increasing the inflation rate. I won't be surprised, if the inflation rate jumps to double digits by 2023-24. The last time India had double digit inflation was back in 2010. The surging price of crude oil seems to be a major driver.
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Iphomme (OP)
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June 08, 2021, 10:27:01 AM |
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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 quote] Yes you have a point the money will be less valuable in the future and many people suffer due that they can not afford to buy their needs and wants . The risk of an inflation on the economy will getting vulnerable for everyone .
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Wind_FURY
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June 08, 2021, 01:51:08 PM |
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Here in India, the CPI inflation has crossed 5% level. Before the pandemic, this was at 3%-4% range. And the worst news is that it is likely to increase further in the coming months. Here the case is similar to all the other countries. The government implemented a number of stimulus measures, which unfortunately had the side effect of increasing the inflation rate. I won't be surprised, if the inflation rate jumps to double digits by 2023-24. The last time India had double digit inflation was back in 2010. The surging price of crude oil seems to be a major driver.
Plus India has not opened its economy fully to 100% yet, because it is one of the worst hit countries of the pandemic. But once their economy opens fully, the people will spend spend spend, raising inflation! It will be the same for many other countries around the world.
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fillippone
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June 08, 2021, 01:57:51 PM |
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At the moment the market is expecting a 0.4% increase MoM, and a 4.7% increase YoY. So things are accelerating.
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dark1234
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June 08, 2021, 02:09:25 PM |
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The impact of inflation will cause pricing to decrease or increase. This happens because the percentage of inflation is irregular at the present time, each country cannot be sure of the percentage of inflation during the pandemic with certainty. So, pricing and selling prices are often inaccurate and rising inflation will be a ticking time bomb during a pandemic for every country and the public may invest in gold whose inflation is not too significant is highly recommended and if we have more funds we can also invest in gold. try your luck at crypto money which is also promising
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Wind_FURY
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June 09, 2021, 09:05:06 AM |
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At the moment the market is expecting a 0.4% increase MoM, and a 4.7% increase YoY. So things are accelerating. They are, and those numbers will definitely look arbitary if the government/FED starts losing control of the monetary system. They will try to calm everyone down, and say it’s “expected”, or it’s “transitory” because they don’t want fiat holders/savers to spend their cash in an accelerated state that would accelerate the velocity of money.
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bryant.coleman
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June 09, 2021, 11:34:52 AM |
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Plus India has not opened its economy fully to 100% yet, because it is one of the worst hit countries of the pandemic. But once their economy opens fully, the people will spend spend spend, raising inflation! It will be the same for many other countries around the world.
I am not residing in India right now, but from what I have heard a lot of people have been pushed in to poverty as a result of this pandemic. So the situation there is different from what they have in developed nations. The government itself is cash strapped and the taxes on petrol and other commodities are at historic highs. And as a result they haven't been able to roll out too many stimulus programs. And I guess that the situation is same with the other developing nations as well. There is no large influx of fiat, unlike the case in developed nations.
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oHnK
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June 09, 2021, 04:20:15 PM |
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Plus India has not opened its economy fully to 100% yet, because it is one of the worst hit countries of the pandemic. But once their economy opens fully, the people will spend spend spend, raising inflation! It will be the same for many other countries around the world.
I am not residing in India right now, but from what I have heard a lot of people have been pushed in to poverty as a result of this pandemic. So the situation there is different from what they have in developed nations. The government itself is cash strapped and the taxes on petrol and other commodities are at historic highs. And as a result they haven't been able to roll out too many stimulus programs. And I guess that the situation is same with the other developing nations as well. There is no large influx of fiat, unlike the case in developed nations. However, referring to various articles, many countries have adopted a policy of printing money to stimulate the economy in the community. Even this developing country is following the policy of the fed in printing large amounts of fiat. I find it strange that in the midst of covid, the state does not provide stimulus to the community. Because too many restrictions have been put in place to prevent the spread of this covid.
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pantek talacuik
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June 09, 2021, 05:03:12 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.
I don't really think about the risks that I always experience every day, you don't have to think too much about the losses you experience every day. at least you are aware of it and try not to repeat yourself in the same hole. Maybe that would be enough.
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TheGreatPython
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June 09, 2021, 06:54:52 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.
Inflation is a very big problem , it is not easy to be honest. Our current government in my country has ruined the economy and the covid-19 just seems like another great opportunity for them to totally destroy what is left as inflation has been high and they are also devalued the currency. A lot of things has been happening lately since things are very bad this time around and people are trying to survive. It’s all by God’s grace that we are surviving. If the country is run by a good government that is far from corruption, then inflation rates are not supposed to reach insane levels or constitute a crisis between individuals.
The truth is that government everywhere is really corrupt. It gets worse in developing countries where the rich are in political powers and there is no one to hold them accountable for their very bad leadership, and they act however they want to. Well, you’re still right because I believe that there are countries things are not going to be as worse.
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Wind_FURY
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June 10, 2021, 11:16:58 AM |
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Plus India has not opened its economy fully to 100% yet, because it is one of the worst hit countries of the pandemic. But once their economy opens fully, the people will spend spend spend, raising inflation! It will be the same for many other countries around the world.
I am not residing in India right now, but from what I have heard a lot of people have been pushed in to poverty as a result of this pandemic. So the situation there is different from what they have in developed nations. The government itself is cash strapped and the taxes on petrol and other commodities are at historic highs. And as a result they haven't been able to roll out too many stimulus programs. And I guess that the situation is same with the other developing nations as well. There is no large influx of fiat, unlike the case in developed nations. It’s also the same situation in many other nations, developed, or not. There will always be a part of society who will be financially left out, but it doesn’t mean that an economy is not suffering from inflation. Why are prices going up faster than your monthly salary? Inflation. But maybe it’s different in India, I’ll research.
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fillippone
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June 10, 2021, 01:05:34 PM Last edit: May 15, 2023, 11:42:53 PM by fillippone |
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In the meantime, notation is at 5% in the US: US inflation rate jumps to 5%, highest since 2008 – business liveNEWS: Consumer prices rose faster than expected in May. - Headline CPI rose 5% from a year ago, versus 4.7% expected and the largest annual burst since 2008 - Core CPI rose 3.8% year-over-year, versus 3.5% expected and the fastest pace since
Do you see that sound in the background? Brrrr Brrrrr
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Gyfts
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June 10, 2021, 01:34:26 PM |
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https://www.washingtonpost.com/business/2021/06/10/inflation-cpi-may-prices/Literally all across retailers in the US, you will find stories about how they are increasing their prices on all products. Scary stuff. But as the WaPo article above indicates, lawmakers in the US are saying it's just temporary. Sure, the inflation is temporary. But are the effects temporary? Nope! They last a life time, and then some. Once prices increase, they don't go back down. And then who gets hurt? The consumer.
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Vishnu.Reang
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June 10, 2021, 03:18:54 PM |
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https://www.washingtonpost.com/business/2021/06/10/inflation-cpi-may-prices/Literally all across retailers in the US, you will find stories about how they are increasing their prices on all products. Scary stuff. But as the WaPo article above indicates, lawmakers in the US are saying it's just temporary. Sure, the inflation is temporary. But are the effects temporary? Nope! They last a life time, and then some. Once prices increase, they don't go back down. And then who gets hurt? The consumer. Inflation is never temporary. Once the prices go up, it stays there. The rate of increase may go down when the economic recovery occurs, but the inflation rate never goes to negative. The influx of fiat money can never be taken back. During various stimulus measures, huge amounts of banknotes are printed and distributed. These banknotes are never recalled. So the inflation rate never goes back to the previous levels. And with the pandemic justifying big spending moves by governments, we can forget about the era when inflation rate was below 2%.
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FanEagle
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June 10, 2021, 06:59:58 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.
Inflation is not bad for the economy when it is spread carefully, when there is excess amount of money that needs to be going towards everyone, however if wealthy people get wealthier and the poor people stay the same then inflation is a horrible thing, it just means you earn the same money but spend more. That is what we see all around the world right now and that is the biggest problem. Of course you do not have to have anything close to that in order to screw the nation, even regular people getting just a bit while wealthy get most of it is still bad, and at the end of the day that is going to result with economical crisis because companies need us to keep buying and if we do not have money then we can't buy and they won't profit, in that case we should get more to spend more right? Well they just pay companies bail out money instead...
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fillippone
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June 11, 2021, 10:18:34 PM |
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Today the FARBAST index has been updated: Federal Reserve Balance Sheet Tops $8T for First TimeThe Federal Reserve’s balance sheet has exceeded $8 trillion for the first time, following extensive measures the U.S. central bank took last year to contain the economic damage from the coronavirus.
The Fed’s balance sheet has nearly doubled since March 2020, when the pandemic erupted in the U.S, based on weekly statistics released Thursday by the U.S. central bank.
Inflation fears do not make the FED step out of the brrr pedal!
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inoes
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June 11, 2021, 11:45:41 PM |
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There is definitely a risk, therefore, bitcoin appears as a solution to the rejection of inflation, but the main problem is the high level of fluctuation. inflation . fluctuation . so actually bitcoin is a solution but it also causes some problems.
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Rajamuda
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June 12, 2021, 02:49:28 AM |
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There is definitely a risk, therefore, bitcoin appears as a solution to the rejection of inflation, but the main problem is the high level of fluctuation. inflation . fluctuation . so actually bitcoin is a solution but it also causes some problems.
the characteristics of bitcoin do have a negative side as well as a positive side, here of course we do have to learn about it to deal with various problems that can indeed occur, actually.. the positive side of the fluctuations can be exploited. Crypto/Bitcoin can indeed be a solution, especially if the government is already familiar with crypto/bitcoin, it can provide jobs related to crypto/bitcoin.
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