High inflation is causing GLOBAL protests

[cabron]

Economist find out this problem a long time ago. 100$ from 1965 is not worth 3500$ in current time. What can be worse than this. Your savings is losing money by its own and you can not do anything but to watch it. Many people think that we need to get back to gold standards which is not possible due to some external factors. What left is crypto in the field which has the potential to solve this problem.

The issue with crypto is that BTC is base on energy which the ASIC devices needed to mine each block. And energy is derived from fossil fuel and coal to which a country with more reserve has the vast riches.

With this decision, it shows that there is no such thing as a good world, joining hands to protect each other, but national interests and personal interests must come first. President Biden's visit made a difference but unfortunately it got worse. I think this has something to do with politics that I read somewhere that Saudi Arabia was very close to the Trump administration before and after his presidency and this production cut will make it difficult for President Biden next term.

The fist bump didn't help which right now Biden swear to sanction Saudi as well. It was believed to be US military support will be pulled out from Saudi and can get worse if Iran will spark the war between them. When the gas cut production starts next month, the prices will sure soar again. And more protest will break after this.

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[Wind_FURY]

It's very amusing that when I started the topic, a lot of people didn't believe that inflation was truly coming. It's that, probably the situation wasn't just the same for the different regions around the globe, which made it look that the point of the topic is misunderstood. Inflation is coming if it has not arrived in your country yet, and it might not end until the war between Russia and Ukraine ends. Let's hope it will be soon.

[cabron]

It's very amusing that when I started the topic, a lot of people didn't believe that inflation was truly coming. It's that, probably the situation wasn't just the same for the different regions around the globe, which made it look that the point of the topic is misunderstood. Inflation is coming if it has not arrived in your country yet, and it might not end until the war between Russia and Ukraine ends. Let's hope it will be soon.

Its affecting globally, I'm sure inflation arrived to every country as it collapses Sri Lanka to the far east like Japan since they have been dumping bonds.

I remember you saying some protest videos are fake but WION a popular news program just featured Paris protest for high cost of living. https://www.youtube.com/watch?v=UrRe7r08dC4

Not my view but I have seen youtube comments that it is not very far fetch to see France exiting EU or NATO to trade with Russia in order to run their economy.

[Smack That Ace]

It's very amusing that when I started the topic, a lot of people didn't believe that inflation was truly coming. It's that, probably the situation wasn't just the same for the different regions around the globe, which made it look that the point of the topic is misunderstood. Inflation is coming if it has not arrived in your country yet, and it might not end until the war between Russia and Ukraine ends. Let's hope it will be soon.

Exactly, when the war starts or the Fed raises rates for the first and second time, some countries don't have much of an impact on them so they can't feel inflation coming. But in these days when energy supply is increasingly scarce, the Fed's interest rates were so high that the central banks couldn't take it anymore and raised interest rates in unison, commodity prices have increased by 15-20%, and every attention beginner. Inflation originated from the money injection from the covid 19 pandemic, but the war was the cause of the prolonged inflation.

[STT]

Its been obvious this whole year at least, inflation is the expansion of the monetary base so it already happened at the most simple measure.   How far and fast that filters into food prices and basic goods that cause poverty is variable but also highly likely to occur, we barely have to debate this will occur.  The only counter to inflation is that we grow fast in supply then then new money supply causes prices to rise.
   Either way inflation always means volatility, upset and in the end the economy is disrupted and worse off from unknown prices in the line of supply, producers and retailers are blamed for an excess amount of cash now available when they did not cause that to be true its why bad governments get away with it so often its now the default policy to inflate.

[Wind_FURY]

It's very amusing that when I started the topic, a lot of people didn't believe that inflation was truly coming. It's that, probably the situation wasn't just the same for the different regions around the globe, which made it look that the point of the topic is misunderstood. Inflation is coming if it has not arrived in your country yet, and it might not end until the war between Russia and Ukraine ends. Let's hope it will be soon.

Exactly, when the war starts or the Fed raises rates for the first and second time, some countries don't have much of an impact on them so they can't feel inflation coming. But in these days when energy supply is increasingly scarce, the Fed's interest rates were so high that the central banks couldn't take it anymore and raised interest rates in unison, commodity prices have increased by 15-20%, and every attention beginner. Inflation originated from the money injection from the covid 19 pandemic, but the war was the cause of the prolonged inflation.

All of the BRRR-Money-Printing started to put it all together. It was going to happen sooner, if not later. But because of supply side disruption caused by the Russo-Ukraine War, and the opening of the economy with all that COVID-19 money injected in circulation, it was caused to come sooner.

We haven't seen the worst of basic commodity price increases, plus more problems with winter approaching. The power grids in some regions of Europe will be further tested, and it won't be OK.

[omone1]

Inflation this year alone is just too brutal, thank God for Cryptocurrency, had to be using my saved USDT for family support. The value of my country's currency is at it weakest, this I think may create some kind of civic revolution in my nation where younng innovative minds will take over the economy and political leadership themselves. Gas is just too expensive and food. Once Food and gas are out of reach, then you can expect a massive protest or even a bloodless revolution.

[Gallar]

Inflation in my country is not too bad so far, still within normal numbers.
although it's a little but the impact is quite felt, especially the price of fuel oil, maybe that's the most noticeable increase,
when it comes to food prices, they are still within normal prices.

I hope that the future will be better and the economy will recover quickly.

[Gallar]

Inflation is a serious problem in the economy, when inflation occurs, unemployment will automatically increase because many people cannot work because companies are also bankrupt, the state plays an important role in controlling the economy in order to control inflation.

in essence, the government must act more quickly to anticipate this inflation problem, because if it is left for too long inflation will continue to grow and will be increasingly difficult to control.

Inflation problems like this must be handled quickly from the start, so that they are not too heavy when handling them.

[Wind_FURY]

Inflation in my country is not too bad so far, still within normal numbers.
although it's a little but the impact is quite felt, especially the price of fuel oil, maybe that's the most noticeable increase,
when it comes to food prices, they are still within normal prices.

I hope that the future will be better and the economy will recover quickly.

I believe that the considered "within normal numbers" for inflation is a maximum rate of 2%. Above that, and it's considered "high".

There are the current numbers of the inflation rates across the regions of the G20 nations, https://tradingeconomics.com/country-list/inflation-rate

China has the lowest inflation rate with 2.8%. It's "high", but it's within "normal numbers". France is where it starts to have "real inflation". It has more than twice the 2%, with an inflation rate of 5.6%.

[Jatiluhung]

Inflation in my country is not too bad so far, still within normal numbers.
although it's a little but the impact is quite felt, especially the price of fuel oil, maybe that's the most noticeable increase,
when it comes to food prices, they are still within normal prices.

I hope that the future will be better and the economy will recover quickly.

I believe that the considered "within normal numbers" for inflation is a maximum rate of 2%. Above that, and it's considered "high".

There are the current numbers of the inflation rates across the regions of the G20 nations, https://tradingeconomics.com/country-list/inflation-rate

China has the lowest inflation rate with 2.8%. It's "high", but it's within "normal numbers". France is where it starts to have "real inflation". It has more than twice the 2%, with an inflation rate of 5.6%.

correctly. and I think for now China is one of the countries that are not threatened by a recession in that country. because the low inflation rate has proven that China's economic resilience is quite strong. and in this case the Indonesian state also looks not too bad. although the inflation rate is quite high, which is around 4.84% and has risen above 5%. but the Indonesian state has resilience in terms of food. so that the impact of this global crisis will be less severe. although recently the price of gas and energy is increasing. but the purchasing power of the people remains stable. but mass protests or demonstrations are still common in this country. the demonstrators expect a decrease in the price of fuel oil and energy.

[Abiky]

All of the BRRR-Money-Printing started to put it all together. It was going to happen sooner, if not later. But because of supply side disruption caused by the Russo-Ukraine War, and the opening of the economy with all that COVID-19 money injected in circulation, it was caused to come sooner.

We haven't seen the worst of basic commodity price increases, plus more problems with winter approaching. The power grids in some regions of Europe will be further tested, and it won't be OK.

The global economy was showing some signs of recovery even with COVID-19 in play. What ruined it all was Putin's decision to invade Ukraine. This caused energy and gas prices to soar like crazy (especially in the EU), adding fuel to the fire. Inflation was rising during the pandemic, but now it became worse. Unless the war is stopped, don't expect inflation to ease anytime soon. Not even central banks' measures to help control inflation will do any good. People in the lower and middle classes are already suffering, while the rich are becoming richer. Who knows if we never get to see the light at the end of the tunnel? Just my thoughts

[Wind_FURY]

All of the BRRR-Money-Printing started to put it all together. It was going to happen sooner, if not later. But because of supply side disruption caused by the Russo-Ukraine War, and the opening of the economy with all that COVID-19 money injected in circulation, it was caused to come sooner.

We haven't seen the worst of basic commodity price increases, plus more problems with winter approaching. The power grids in some regions of Europe will be further tested, and it won't be OK.

The global economy was showing some signs of recovery even with COVID-19 in play. What ruined it all was Putin's decision to invade Ukraine. This caused energy and gas prices to soar like crazy (especially in the EU), adding fuel to the fire. Inflation was rising during the pandemic, but now it became worse. Unless the war is stopped, don't expect inflation to ease anytime soon. Not even central banks' measures to help control inflation will do any good. People in the lower and middle classes are already suffering, while the rich are becoming richer. Who knows if we never get to see the light at the end of the tunnel? Just my thoughts

Haha. The "signs of recovery" was merely the effect of the biggest/largest BRRR-Money-Printing that most Central Banks did to inject cash/liquidity into the system. It wasn't a REAL recovery because there was not much growth in goods and services that were being produced while the money supply was growing. What do we have when there's too much growth in money supply, but no/small growth in goods and services? INFLATION.

[tam31]

Inflation this year alone is just too brutal, thank God for Cryptocurrency, had to be using my saved USDT for family support. The value of my country's currency is at it weakest, this I think may create some kind of civic revolution in my nation where younng innovative minds will take over the economy and political leadership themselves. Gas is just too expensive and food. Once Food and gas are out of reach, then you can expect a massive protest or even a bloodless revolution.

The rates of the inflation are rising so fast this year. This is different from the previous years. Other than the inflation, there's also wars which makes the price of the goods even higher but luckily we have cryptos which can save us when those economic problems attack. This is where people hide their money and they can also pull out some of it once they badly needed it. Usdt is a stable coin which are great if you don't like the instability of the standard crypto.

It's not easy to take over the position of someone else but it must be done in a proper way. If they think they are a good leader then why not join the politics next time? You can then encourage other to vote for them.

[monineklutak]

All of the BRRR-Money-Printing started to put it all together. It was going to happen sooner, if not later. But because of supply side disruption caused by the Russo-Ukraine War, and the opening of the economy with all that COVID-19 money injected in circulation, it was caused to come sooner.

We haven't seen the worst of basic commodity price increases, plus more problems with winter approaching. The power grids in some regions of Europe will be further tested, and it won't be OK.

The global economy was showing some signs of recovery even with COVID-19 in play. What ruined it all was Putin's decision to invade Ukraine. This caused energy and gas prices to soar like crazy (especially in the EU), adding fuel to the fire. Inflation was rising during the pandemic, but now it became worse. Unless the war is stopped, don't expect inflation to ease anytime soon. Not even central banks' measures to help control inflation will do any good. People in the lower and middle classes are already suffering, while the rich are becoming richer. Who knows if we never get to see the light at the end of the tunnel? Just my thoughts

Indeed, before the war between Russia and Ukraine the global economy slowly began to recover from the pandemic,
of course it is not an easy thing and it disappeared after the war which is still ongoing,
Besides that, inflation is happening everywhere and it makes economic conditions even more chaotic

[panganib999]

Well these protests are for good reason. Inflation and hyperinflation further widens the gap between the poor and the rich, and also at the same time puts the burden of the economy to the middle class, given the fact that they are the ones who are expected to pay the taxes and jumpstart the economy. The inflation we are experiencing right now is a kick back from the economic shenanigans we have made during the pandemic, especially in the case of US where printing money for stimulus checks became the solution in order to not only empower the economy by encouraging people to spend, but also to support the marginalized courtesy of the aforementioned pandemic hitting everyone where it hurts.

[lizarder]

Governments generally have nothing against protests if they are not violent and do not block key roads. There is no question at all that people are dissatisfied with the development of events, but even with the best will of all governments, the hole we have fallen into is too deep to get out of it just like that.

If they are not mismanaged, then something like this does not need to happen, believe it or not inflation is very close to the rules they agree on, for example the export and import of food raw materials or other materials, so that the money supply is not as balanced as usual, although this problem is not happens all the time, but mismanagement, impartial rules and decisions that harm the people are their representation.

What will stop the protests to a greater extent are very likely epidemiological measures which, given the increase in the number of infected people, will probably be in force again in 1-2 months. Let's remember the big protests in Hong Kong or the yellow vest protests in France, which are still going on as of 2018 - little has changed for the better.

Strong protests by means of demonstrations will never solve the problem, this will only add to the problem and more problems will arise, agree or not the state must be able to ensure that its people are protected from various problems, ranging from health, safety to better economic growth However, I don't think the government needs to provide assistance in any form, what the people need is infrastructure to achieve a more stable and improved economic level.

That's why I strongly agree, that bitcoin can save anyone, in different ways and approaches, even though not everyone agrees or doesn't even know where to start.

I'm not saying that people shouldn't protest, but apart from the violent overthrow of the government, which rarely happens, the real power can be shown in the parliamentary elections when they can elect some other new people and give them a chance to try to make a better society for everyone. There is a saying that bad governments are elected by people who stay at home during elections, and this is unfortunately true in many countries.

I've also heard a saying like this, "every leader is a reflection of his people".
The problem is precisely here, the representation of leadership is actually very close to the reflection of the people, where they are elected based on the elections made. Don't expect the leader to be fair, uncorrupt and protect the people, if the voters don't understand what a leader is like.

[gabbie2010]

It's very amusing that when I started the topic, a lot of people didn't believe that inflation was truly coming. It's that, probably the situation wasn't just the same for the different regions around the globe, which made it look that the point of the topic is misunderstood. Inflation is coming if it has not arrived in your country yet, and it might not end until the war between Russia and Ukraine ends. Let's hope it will be soon.

Honestly the conflict between Russia and Ukraine has a devastating impact on the economy in my country just as you predicted, particularly the price of diesel had syrocketed, diesel which is the major fuel used by industries to power their generators as a result of epileptic power supply had forced the prices of products manufactured by those industries to increase thus causing high inflation, infact some of those industries had to shut down operations lay off their workers rising from high cost of production, wheat which is another raw material usually imported from Ukraine by Flour industries for bread baking has not been available thus forcing it importers to seek alternative but much more expensive means consequently bread a staple food is now very expensive.

[wmaurik]

I've also heard a saying like this, "every leader is a reflection of his people".
The problem is precisely here, the representation of leadership is actually very close to the reflection of the people, where they are elected based on the elections made. Don't expect the leader to be fair, uncorrupt and protect the people, if the voters don't understand what a leader is like.

Sometimes the mistakes of the leadership of a country are also caused by the subordinates used by the leadership of the country, so that it will also be associated with the leadership of the country, even though in general it is not the fault of the leader himself, but from his subordinates. And this is actually the task of the leader in nurturing his subordinates to do nothing wrong other than having to take care of his people with a thousand kinds of thoughts.

[Tallupooh]

Of course, inflation caused world protests. Goods go up everywhere while the salary of the job is not enough, it definitely makes people frustrated. But I think over time, inflation will definitely continue to exist. Because the earth is old, and there are more and more people. Of course the prices of goods must be expensive, that's because of lack of materials. If the goods are cheap, will not get enough money.

If a lot of work and the pay is equal to the needs it will make everyone relieved. There are a lot of people who have jobs and it's not enough. If the salary goes up the same way, that's fine.