Now UK is facing inflation so choose the best for you..

[leea-1334]

I have mentioned in my post that government only find it suitable to print more and more notes to tackle these fiscal deficit and making the fiat worthless in global market which in turn in contributing immensely to the hyperinflation situation.Many poor countries are facing such situations and it's really shocking to see million dollars bills also being printed to buy stuff like toilet paper only.Imagine the situation in that countries and bitcoin could be great relief for them and boost economy as well.The government policies are not going to work in monetary relationship with these money printing schemes.

I was talking back in a few posts before this about how it was silly for people to say Bitcoin cannot be legal tender because it is so expensive as a single unit and exactly I pointed out how so many national fiat currencies needs hundreds if not thousands of units to make a single small purchase and YET they are still used as legal tender despite the obvious inconvenience of holding thick piles of paper cash.

In these countries even the coins exist but nobody ever uses them anymore.

Pound is still so strong though and over long years their inflation is not as fast as many other countries. We always see GBP as the most "powerful" unit in Asia.

[Silberman]

I men inflation is not a new thing, we have been facing this problem from the dawn of the use of fiat, and every time we are faced with an economic problem the government tend to have one solution and that is printing more and more fiat, and the pandemic and the ravage that have caused for the health and the economic sector are still being processed today, so i actually feel like that using bitcoin as a store of value until the dust have staled and this inflation starts slowing down is the best option right now.

But that is precisely the thing, we do not know if this inflation is going to slow down, I know that it has done so done so in the past in which the current system has been in place and this gives confidence that the same will happen again, but it is not a sure thing, especially since it does not seem as if governments want to turn off their printing machines as the economic recovery is still very slow as the pandemic is still with us despite the efforts to vaccinate the population.

[mindrust]

we do not know if this inflation is going to slow down,

Even if it slows down, prices won't come down. It will have to slow down at some point when they run out of printer ink and when it does, we won't be measuring the goods against the dollar. It will be either gold, bitcoin or something else with scarcity. All FIAT money die when given enough time and USD is living its last moments.

[LUCKMCFLY]

Wow the truth impresses me that the British economy has problems, by pure and mere speculation I know that a country with stable economies already having 2% is something serious, possibly the UK has very effective action plans, inflation in Europe is already something that has to be a reason to be attacked.

The best they can do at this time is to anticipate possible economic catastrophes, those who can invest in Real Estate is excellent, also another of the safe haven options by nature is Gold, on the other hand Bitcoin also represents a haven of value For many, although many do not like or accept volatility, if a good portfolio is better to have that type of diversification: Real Estate, Gold, shares in the Stock Market and Bitcoin.

[Silberman]

we do not know if this inflation is going to slow down,

Even if it slows down, prices won't come down. It will have to slow down at some point when they run out of printer ink and when it does, we won't be measuring the goods against the dollar. It will be either gold, bitcoin or something else with scarcity. All FIAT money die when given enough time and USD is living its last moments.

I really wish that is the case, however governments and banks are complete experts at manipulating the system and the population to their advantage, after all the fiat system should have collapsed long ago and still has not done so because they are doing everything in their power to keep it in place, however it seems that they are finally losing control of the narrative and people are waking up to the fact that any fiat currency is a scam and are looking for ways to protect themselves, and bitcoin is the best choice to do so.

[uneng]

The best ally the middle class has right now is bitcoin, so they should go for it, without any doubts. I believe those who don't adopt bitcoin and don't have powerful friends with influence in their countries will perish as soon as the global economies finally crash. Not only in UK, but what we see now in economics from a global perspective is like a Chernobyl reactor increasing in pressure (inflation) without effective measures to control it. At some point it will finally explode and the consequences will be harsh (hyperinflation, economies out of control, riots, savagery everywhere). Those relying on the traditional fiat system to survive will regret a lot for not adopting bitcoin when this day comes.

Bitcoin adopters should also be careful, because they can become easy targets for the desperate masses during an economical crisis outbreak.

[Kong Hey Pakboy]

Prices of essential commodities and services have risen sharply inflation in the united states and rising prices aimed at boosting traders profits. People are getting poorer due to non increase in income in line with inflation so many people are forced to save money to maintain the standard of living the condition of those who do not have savings is worse they have to reduce the quality of life. That's why investing in crypto is a good way to improve the quality of life of the economy there are no signs of inflation here.

I think this has affected a lot of countries, I mean inflation is an expensive damage that's inevitable for each country which if maintained can be a good indicator of a growth in a country's economy. Yes, it's good to invest in crypto, the only problem is that we have to be prepared for volatility because not every time, we get what we want.

[imstillthebest]

-snipped-  
So what is best for you?

of course the best for me is a currency that can solve that issue and that currency is no other than bitcoin .
 this why ive been stacking btc for a long time now just in preparation so that when the time comes when our country feels the same , i wont worry anymore .
 it will also be good if we can warn or educate the people around us if what are the challenges that an economy could face and how bitcoin can help solve that issues .

[michellee]

Prices of essential commodities and services have risen sharply inflation in the united states and rising prices aimed at boosting traders profits. People are getting poorer due to non increase in income in line with inflation so many people are forced to save money to maintain the standard of living the condition of those who do not have savings is worse they have to reduce the quality of life. That's why investing in crypto is a good way to improve the quality of life of the economy there are no signs of inflation here.

I think this has affected a lot of countries, I mean inflation is an expensive damage that's inevitable for each country which if maintained can be a good indicator of a growth in a country's economy. Yes, it's good to invest in crypto, the only problem is that we have to be prepared for volatility because not every time, we get what we want.

It is why we really need to prepare ourselves so when something becomes worst, we are ready to face and we can survive in that situation. It is hard to prepare, but that is the only thing we must do if we do not want it to be difficult. Inflation can happen now, tomorrow, or even next year and with some preparation, I am sure that we will pass that moment and live without having a problem.

If we have a crypto investment, that can help us reduce the expenses that we might get in the future as we can convert our crypto to fiat and solve the problem.

[paxmao]

I certainly hope the inflation in UK and in other countries is a transitory effect mostly due to the price of energy and particularly of the price of gas. The current situation in the UK show lack of planning or plain disarray in supply chains and retail transportation and that is not going to help. Seems like brexiting was not such a great idea, but COVID provided the perfect excuse for all this.

[Silberman]

The best ally the middle class has right now is bitcoin, so they should go for it, without any doubts. I believe those who don't adopt bitcoin and don't have powerful friends with influence in their countries will perish as soon as the global economies finally crash. Not only in UK, but what we see now in economics from a global perspective is like a Chernobyl reactor increasing in pressure (inflation) without effective measures to control it. At some point it will finally explode and the consequences will be harsh (hyperinflation, economies out of control, riots, savagery everywhere). Those relying on the traditional fiat system to survive will regret a lot for not adopting bitcoin when this day comes.

Bitcoin adopters should also be careful, because they can become easy targets for the desperate masses during an economical crisis outbreak.

While I also think that bitcoin can be the best ally of the middle class against the crisis that is coming since historically it is the middle class the one that losses the most out of the economic crises that we suffer from time to time, at this point I will be happy if they took any action to protect themselves, if they do not like bitcoin for whatever reason then they should invest in gold and silver which will also do great during those times, but for some reason a great deal of the population is unaware of what is coming.

[jaysabi]

What is clear is that in a hyperinflation scenario, and in life in general, those who have financial assets will always be better off economically than those who do not, even if in a crisis those assets lose value and their income is reduced.

Which financial assets do you recommend in an hyper-inflationary economy? Stocks? Crypto? Gold? All? Since the stuff will get more expensive, the company that makes the stuff should be valued at a higher price too. Am I right? It makes sense. What about bitcoin abd gold though? They should also benefit from the massive FIAT printing but gold is going down instead of up and that's very strange.

In the US, stocks have generally done well even in an inflationary environment.  There are some sectors that do better than others.  Banks and energy are two sectors that perform better during inflationary periods than others.  But a hyperinflationary period may bring different results, as the US has never had such a period the effects on the stock market are unprecedented and impossible to know.

[kryptqnick]

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.

This is not so simple. 3.2% might be a lot for fiat, but it's completely negligible in comparison with Bitcoin. It can easily lose or gain more within a course of a day, which makes it way riskier than fiat. You might win from it, but the volatility can also be very stressful, and long periods of the bearish market aren't unheard of. With fiat, you know you're losing, but you also aren't losing that much (unless we're talking about weak collapsing fiat currencies, but the GBP is not one of them). With Bitcoin, you're taking a big risk that might leave you better off, but can also be devastating short-term.

[so98nn]

There is even more from the supply chain point of view. Governor Andrew from UK stated that it was the supply chain shock which added more baffling economic outbreak when the pandemic was on its peak level. They even calculated the pre-pandemic inflation and all the bank stated that the inflation could reach as high as 4%. So one thing is clear that UK was prepared for this outbreak but they did not think it would be as early as this one. It also worth noting that UK inflation dropped to 2.1% after they started the inflation with 2.4% and upwards.

To overcome this financial stress banks are planning on high interest rates and debt recoveries. This is obviously worst decision for the public but thats gonna be worst recovery ever; statement by Jeremey Warner in Sunday Telegraph.
Good article to read: Inflation, shortages and the end of furlough: ‘hard yards’ ahead for the UK economy

[worle1bm]

I certainly hope the inflation in UK and in other countries is a transitory effect mostly due to the price of energy and particularly of the price of gas. The current situation in the UK show lack of planning or plain disarray in supply chains and retail transportation and that is not going to help. Seems like brexiting was not such a great idea, but COVID provided the perfect excuse for all this.

The government got an major excuse due to Covid to cover their mistakes and whole and solely hide them in the name of virus like shortages and disruption in economy.The food and chain supply lags the proper policy implementation due to which these inflation rises and who all are bearing it's cost? The tax payers mostly from the working and middle class but they have an option not the vision to adopt bitcoin.

[bryant.coleman]

In the US, stocks have generally done well even in an inflationary environment.  There are some sectors that do better than others.  Banks and energy are two sectors that perform better during inflationary periods than others.  But a hyperinflationary period may bring different results, as the US has never had such a period the effects on the stock market are unprecedented and impossible to know.

There is one factor that needs to be considered while investing in stocks. A lot of talk is currently going on, to make capital gains tax equal to that of ordinary income tax. This may not have a big impact for the lower-middle class, but for the upper middle class the tax bill may move up (because their income tax slab may be higher). Add in the state-level taxes and the total returns after tax cut may be lower than the net inflation. I would rather prefer gold, as it can be kept for very-long term (10-20 years). So unless the government comes up with tax on unrealized capital gains, gold is going to have an advantage over the stocks.

[MNbag]

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

Just because the inflation rate has increased doesn't mean that the UK will become a doomsday dystopia with hyperinflation.

An inflation rate of 2% per year is aimed for as it stimulates the economy by disincentivizing money from being idle in bank accounts without rapidly jacking up the price level beyond incomes like in the cases of Weimar Germany or Venezuela.

Deflation is not always good news as if price levels constantly fall, the economy wouldn't work anymore.

This is because as prices for goods and services fall, consumers are less likely to spend their currency now as they wait for prices to fall further. This fall in spending leads to a decline in money available for firms to survive. This leads to a rise in unemployment as workers are laid off, further depressing prices and resulting in a recession.

[7788bitcoin]

~
Even if it slows down, prices won't come down. It will have to slow down at some point when they run out of printer ink and when it does, we won't be measuring the goods against the dollar. It will be either gold, bitcoin or something else with scarcity. All FIAT money die when given enough time and USD is living its last moments.

So you believe that in the future we wont be measuring goods against the dollar, there is no way we are going to a gold standard or a virtual currency which is highly volatile. Fiat currency living its last moments means that the country is going into hyper inflation and UK is not the only country suffering from inflation as there are many European countries suffering for the past two years and the price of goods are rising and it is a global phenomenon and i am not living in a dream world where i see every country accepting the gold standard or accepting any currency which is highly volatile.

[shield132]

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

Just some corrections:
1. Developed countries are the ones who print the most money.2
2. USA is developed country, not developing one.

Idk if it sounds curious for someone but Russia isn't developed country too and at the moment it's developing one, in transition.

Btw it's at some point funny how different North/West Europe / USA is from the rest of the world. There is a small inflation and boom, newspapers, etc are all fired. Have you guys seen post soviet countries? There is a huge inflation, in Georgia their national currency lost 2x value (If something was worth 2, in 8 years it become 4) and people in these countries don't even complain what's happening. Bonus, it's importer country. Inflation rises but wages are the same.


Some people may blame me but if we want everyone to live a steady life, what about the implement the German taxation but with different levels? What about to tax rich people higher? You print tons of money, there are people who have tons of money too, enormous amounts that they can't use and will never be able to fully use. Isn't it manual inflation? Imagine, business is making profit and profit, the pocket of people is going empty and empty and we print money to fill their pockets and then say that there is an inflation, any logic here? Or am I very wrong?

[Silberman]

~
Even if it slows down, prices won't come down. It will have to slow down at some point when they run out of printer ink and when it does, we won't be measuring the goods against the dollar. It will be either gold, bitcoin or something else with scarcity. All FIAT money die when given enough time and USD is living its last moments.

So you believe that in the future we wont be measuring goods against the dollar, there is no way we are going to a gold standard or a virtual currency which is highly volatile. Fiat currency living its last moments means that the country is going into hyper inflation and UK is not the only country suffering from inflation as there are many European countries suffering for the past two years and the price of goods are rising and it is a global phenomenon and i am not living in a dream world where i see every country accepting the gold standard or accepting any currency which is highly volatile.

Governments are going to resist this to the best of their abilities, after all they know the incredible power they get with their fiat currencies, personally I think that if we were to see a collapse of the fiat system while regular people will adopt hard currencies like bitcoin or gold the governments most likely will try to impose a world currency, which will obviously be fiat in nature, and only if bitcoin can beat that fiat it could have a potential of becoming legal tender on most countries around the world.