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

[jaberwock]

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.

One of the best situations for energy sector is the fact that even in pandemic, even in a hyperinfliation, even in a world war type of situation, there will always be people who will need electricity and that is why energy sector will always make profit. Just last year Texas had a very long outage and electricity was hard to get, it was limited and that is why energy companies started to charge 1000 times more than what they normally do, just because it was difficult to get it and you would need that to survive

All those people who were too old and got cold, all the people who needed to keep their medicine in a cold storage like fridges, all those hospitals and so forth basically people who are in need required to pay insanely higher amounts and went into debt just to survive and not die. It is a horrible situation that shows how horrible capitalism could become, but it also means energy sector always makes a profit no matter what.

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[paxmao]

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All those people who were too old and got cold, all the people who needed to keep their medicine in a cold storage like fridges, all those hospitals and so forth basically people who are in need required to pay insanely higher amounts and went into debt just to survive and not die. It is a horrible situation that shows how horrible capitalism could become, but it also means energy sector always makes a profit no matter what.

Yeah well... agree on the basics, capitalism creates a divide and that divide can get quite strong in countries such as the UK - besides the fact that the concept of "classes" and "station in life" are concepts that are historically well imbricated in the collective conscience of the Brits. Sometimes I think they just feel confused when they cannot put someone or something into a class or category so that they know how to deal with it. Short of animals classing others as food, threat or symbiont.

However, the energy industry does make losses from time to time. Like commodities, energy is quite cyclical in its nature and there are times in which gas, oil, carbon and other fuel producing companies go under due to excess offer.

[mindrust]

~
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.

Either it will be gold or bitcoin standard or there will be hyperinflation. Look how much USD the FED printed last year and this year. FIAT is coming to an end and it is not just the USD because when USD fails it will take down every other FIAT with it, and yes that includes GBP and EUR too.

Hard money is not coming back then you must be prepared for hyperinflation. Either way, the future is not bright.

[AicecreaME]

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

UK inflation made its biggest jump on record in August, adding to pressure on households as the government ramps up taxes on workers and prepares to cut universal credit benefits from next month.

The Office for National Statistics (ONS) said the consumer prices index measure of annual inflation rose to 3.2% in August, up from 2% in July, to hit the highest rate since March 2012.

The 1.2 percentage point increase between July and August was the largest since records began in January 1997

Moreover the government has ramped up the taxes and cut the social benefits also.Who is gonna face all these situations in bad way? The middle class who have trusted the banking system and government but they failed to manage such situations.This is just a step towards devaluation of your fiat and you will be worth zero near future.

UK inflation rising

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.

Inflation happens in every country but the span of time of its increase rate is indeed alarming. Inflation is the nemesis of the lower and middle classes. Whenever the inflation rate rises, those people who belong beyond the poverty line and the middle class are the usual affected ones. The government must do ways to manage the inflation rate from increasing furthermore or else the working class will suffer. However, despite doing things to prevent inflation from happening, what the government tends to do is to address other concerns that aren't really that urgent and print excessive money to counter the inflation, as if it would help it. So people have no other choice but to rely upon themselves since the government can hardly do anything to solve inflation, hyperinflation, and shrinkflation.

As early as now, I hope people find bitcoin of great help to safeguard their funds from being devalued now that this kind of problem continuously arises. Storing your funds in lesser prone to inflation would be a power move. If you'll do it now, you'll thank yourself later in the future. Although of course, still do your own research and only invest what you can afford to lose because despite being lesser prone to inflation, we all know the 'weak spot' (depending on the situation. can either be good or bad) of bitcoin which is volatility. So, choose wisely where to store your funds to guarantee you will still get the best of it after a few years. Bitcoin isn't the only platform, you can check others as well such as stocks, real estate, etc. Do what you think suits you best.

[Sithara007]

Why you guys think Bitcoin went up by 20% in the last few days? The governments around the world have gone on a Bitcoin printing spree, and a lot of people are now concerned about the inflation that may result from it. Surprisingly gold has remained more or less stable during the last two years. New deposits are being developed around the world and investors think that there will be a stable equilibrium between the supply and demand as far as gold is concerned. That is not the case with Bitcoin, and therefore the prices are moving northward.

[ChiBitCTy]

This makes me wonder how much else of the world is currently experiencing super high influxes of inflation.  Here in the United States we're around the 4-5% mark, which is up big time from the past decade which has seen inflation at under a % each year.  Some project this to last for years ..scary times ahead in that sense.

[xSkylarx]

This makes me wonder how much else of the world is currently experiencing super high influxes of inflation.  Here in the United States we're around the 4-5% mark, which is up big time from the past decade which has seen inflation at under a % each year.  Some project this to last for years ..scary times ahead in that sense.

Here in our country as well, but I believe Venezuela is really suffering from hyperinflation, which has rendered their currency worthless. I heard they're using crypto as a payment method to combat hyperinflation, but I'm not sure what they're doing. Almost every third-world country is suffering, including ours, where the price of all foods has doubled, gas is also extremely expensive, and the unemployment rate is extremely high. Despite opening our economy by 50%, we are still unable to cope with our losses.

[Silberman]

This makes me wonder how much else of the world is currently experiencing super high influxes of inflation.  Here in the United States we're around the 4-5% mark, which is up big time from the past decade which has seen inflation at under a % each year.  Some project this to last for years ..scary times ahead in that sense.

I suppose this is pretty much a global tendency and the reason for it is if the United States is printing money like crazy and some other country decides to not do this then this means the products coming from the US have a competitive advantage because now they are relatively cheaper, while for the country which is not printing money in the same manner they will realize now their products have a competitive disadvantage because now their currency is getting stronger and people of the US will prefer to buy products coming from other countries, so if they wish to maintain the level of goods they are exporting to the US and other countries they have no option but to print their currency at the same rate.

[Silberman]

We don't have to worry too much about it, inflation even though it's growing, it doesn't present itself to the people early. It's a gradual process but that doesn't mean that we ignore it, make sure that you're finding a hedge for you to be able to make sure that you're protected when inflation can already be felt.

The issue is that even if inflation is still within manageable levels we need to wonder how long is this going to be the case? The pandemic accelerated the natural decline of the economy, however things can take a turn for the worse really quickly and when that happens you do not want to be holding huge amounts of fiat, you want to be already invested in something solid and without a doubt bitcoin is one of the best hedges that we can use to protect ourselves against this.

[Dragonfund]

I like to fit in with the herd so let me try :
"OMG inflation. OMG US going to default on its debt. US dollar worthless soon. OMG!!! Hyperinflation tomorrow!!!"

Did I get it right?  

It's actually good you point out things when it's getting bad than wait a die minute when things become so hard to control and out of hand, everyone contribution may not stop the inflation but surely we all learn from every one experiences with different years in increased in price of goods and how to handle them without government help.

Inflation is indeed a cancer to fiat and monetary policy.

[Sithara007]

We don't have to worry too much about it, inflation even though it's growing, it doesn't present itself to the people early. It's a gradual process but that doesn't mean that we ignore it, make sure that you're finding a hedge for you to be able to make sure that you're protected when inflation can already be felt.

LOL.. what sort of logic is this? When the cost of living goes up and the salary remains constant, then we definitely need to think about it, right? To some extent you can be prepared against it, by investing in assets that are protected against inflation (such as gold, platinum and Bitcoin). But what you will do when the salary doesn't increase? The net amount that can be saved every month will decrease. And also, you may need to cut down on your expenses and chose the more affordable options.

[Silberman]

We don't have to worry too much about it, inflation even though it's growing, it doesn't present itself to the people early. It's a gradual process but that doesn't mean that we ignore it, make sure that you're finding a hedge for you to be able to make sure that you're protected when inflation can already be felt.

LOL.. what sort of logic is this? When the cost of living goes up and the salary remains constant, then we definitely need to think about it, right? To some extent you can be prepared against it, by investing in assets that are protected against inflation (such as gold, platinum and Bitcoin). But what you will do when the salary doesn't increase? The net amount that can be saved every month will decrease. And also, you may need to cut down on your expenses and chose the more affordable options.

And that is the best case scenario, when this happen then governments have the brilliant idea of raising the salaries of everyone and now companies have to pay more for the same labor and many small companies cannot do this so they begin to fire employees and ask more of the ones that are left, also they may try price controls that as we know the only thing they do is to create black markets making the economic situation even worse than what it was before they began applying those measures.