High inflation is causing GLOBAL protests

[Zanab247]

When inflation occurs, it automatically makes our expenses increase dramatically, if inflation increases but we do not have alternative income, we can be sure we will go bankrupt and sell assets, if all assets are up then we will experience many difficulties in life.

That is why many governments don't joke with inflation whenever it occurred in the country than to find a way to end it before it will cause more damage to the economy in the country.  Now that people are still experiencing another inflation in different countries of the world that is causing citizens not to feed well in the land, because of the high inflation which is not good for humanity, I believe, government will still do everything possible to end it like the way they overcame the one COVID-19 has caused some years ago that made many government to demand for more money from the central bank to end the inflation last year 2021.

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[sana54210]

The crisis started when the covid-19 pandemic hits worldwide, and next is the conflict between Russia and Ukariane. We can really see the suffering of many people, especially those who are living poor, those who just rely on their job, in fact, even average people have also felt what these poor people had experienced. We have seen and heard about a protest in many places but it guess what, this is not the solution to this problem instead, it even adds more. The government should take action and must listen to the community, and look for alternatives, not war.

Honestly, I am living a decent life and even I got hit. I am not saying that I am wealthy or anything, but I make a pretty good amount of money compared to my fellow citizens, and I have been doing pretty terrible for the past few months because of the inflation and we had protests as well. Don't get me wrong, I am still not living in poverty or anything, I really like my life and I can't complain because there are people living much much worse than me, I am thankful to god for giving me such a blessed life.

But, it is obvious that if I was doing that well and not doing so well now, people who were already not doing well must be basically starving right now.

[cabron]

The crisis started when the covid-19 pandemic hits worldwide, and next is the conflict between Russia and Ukariane. We can really see the suffering of many people, especially those who are living poor, those who just rely on their job, in fact, even average people have also felt what these poor people had experienced. We have seen and heard about a protest in many places but it guess what, this is not the solution to this problem instead, it even adds more. The government should take action and must listen to the community, and look for alternatives, not war.

Honestly, I am living a decent life and even I got hit. I am not saying that I am wealthy or anything, but I make a pretty good amount of money compared to my fellow citizens, and I have been doing pretty terrible for the past few months because of the inflation and we had protests as well. Don't get me wrong, I am still not living in poverty or anything, I really like my life and I can't complain because there are people living much much worse than me, I am thankful to god for giving me such a blessed life.

But, it is obvious that if I was doing that well and not doing so well now, people who were already not doing well must be basically starving right now.

Wait til your government starts finding ways to collect more Tax, its usually the case for civil unrest and its happening in my  country right now. And so is in US where they are now hiring more than 85K IRS agents.

Inflation, Recession and huge taxes are ingredients to civil war. Right now people are still going through enduring these sufferings but once they are fedup, it will be like Sri Lanka. A regime change by the people.

[Abiky]

If I'm not mistaken USD comprises more than 95% of the world's currencies. The euro makes up most of the rest, nearly 20%. If they continue to create inflation, or if they collapse and have no economic or monetary policy to return to, the world economy could fall like dominoes.

It is always good to know the economic situation in your country. Many things in life depend on money – including food, health, and education. So it's good to know these things. We must also realize that we are in a recession right now and many people have lost their jobs or lost their jobs. Things may seem bad right now, but there is hope for the future if we just spread the word to educate others about it so they can prepare for it.

That's certainly true, mate. The US Dollar is still the world's reserve currency, so anything that would impact its value would have a similar effect on other Fiat currencies. What's causing inflation is the disruption in supply chains and high gas prices because of the COVID-19 pandemic and the Russia-Ukraine crisis. If none of these things would've happened, inflation would've been completely under control. I don't think the FED's measure to raise interest rates is going to have any profound reduction in the USD's inflation rate. The US and its allies need to work together to stop the Russian-Ukraine war and contain the COVID-19 virus for the good of the global economy. Otherwise, things are going to get worse.

Many people are already suffering because of the high cost of living. The rich are becoming richer, while the poor, poorer. No one knows what will happen in the future, so we can only hope for the best. Just my opinion

[Sithara007]

Wait til your government starts finding ways to collect more Tax, its usually the case for civil unrest and its happening in my  country right now. And so is in US where they are now hiring more than 85K IRS agents.

Inflation, Recession and huge taxes are ingredients to civil war. Right now people are still going through enduring these sufferings but once they are fedup, it will be like Sri Lanka. A regime change by the people.

That is the case almost everywhere. Here in India, previously long term capital gains on equity, as well as dividends were tax-free. Now we need to pay tax on them. Contribution to the pension fund above a certain threshold was made taxable last year. On top of that, the highest tax bracket is now leached at 42% instead of the previous 35%. Taxes, both direct and indirect are going up. The excuse is that government needs more cash to deal with the economic slowdown that was caused as a result of the COVID pandemic.

[wmaurik]

When inflation occurs, it automatically makes our expenses increase dramatically, if inflation increases but we do not have alternative income, we can be sure we will go bankrupt and sell assets, if all assets are up then we will experience many difficulties in life.

The general impact of inflation is a decrease in people's welfare because the prices of basic goods that are often consumed by people in daily life have increased, while people's incomes always tend to remain constant for all jobs and this makes all people feel tortured and cannot enjoy life as usual. This I say after reading an article that presents the impact of inflation on the economy and there are also other reviews about what factors can cause inflation.

[posi]

When inflation occurs, it automatically makes our expenses increase dramatically, if inflation increases but we do not have alternative income, we can be sure we will go bankrupt and sell assets, if all assets are up then we will experience many difficulties in life.

We need to find ways to have more income flow because if we just rely on our 9-5  then we might face difficulties in life because for sure we will heavily feel the inflation happening these days, then might same with other people we might join the protest to the government against this current high inflation rate happening these days.

Besides overtime and income diversification, we have no way to reduce inflation. Inflation in the US has decreased but inflation in the EU has not cooled down and is likely to continue to soar as winter approaches and their energy problem remains unresolved.
This will continue to weigh on the global economy, it will continue to affect us who will be severely affected.

[Lubang Bawah]

Inflation is a serious problem in the economy, the prediction and budget of the state can be used up only to overcome inflation, when inflation occurs it automatically makes the ability to buy public, and slowly the production will stop and the problem becomes more complicated, inflation is certainly worth we are aware when the initial symptoms have emerged .

[Silberman]

When inflation occurs, it automatically makes our expenses increase dramatically, if inflation increases but we do not have alternative income, we can be sure we will go bankrupt and sell assets, if all assets are up then we will experience many difficulties in life.

We need to find ways to have more income flow because if we just rely on our 9-5  then we might face difficulties in life because for sure we will heavily feel the inflation happening these days, then might same with other people we might join the protest to the government against this current high inflation rate happening these days.

While true this is not something easy to do, many people in theory work a 9 to 5 kind of job but when we add the time needed to go to and from your job to your house and the unpaid overtime we can easily add 2 or 3 hours per day, so most people do not have the energy left to work even harder in the time they have remaining during the day, so even if people want to earn more money they simply are not in the position to try to do so.

[Tony116]

Ever since the war between Russia and Ukraine began, prices on the general commodities have been steadily increasing. Inflation has been happening globally as fuel shortages has been reduced with the ongoing war. There was also the news that Russia, as the biggest supplier of oil, cuts its channels with Germany. This heavily implies that we will be seeing oil prices getting more and more expensive, thus, driving your car will now be considered as a luxury.

This is now the reason on why investing into cryptocurrency may be the ideal situation. Something that is scarce is bound to increase its price in the near future. With inflation happening, there is a possibility that these countries may utilize the channels of BTCs that can ultimately increase its price on the market.

The first inflation was caused by the covid pandemic, the government pumped money while the pandemic raged to save the economy and that was the root cause of this inflation. Along with that, the conflict between Russia and Ukraine has caused the energy to skyrocket, causing inflation to rise rapidly and the risk of a global recession is gradually appearing.

In the past time, we can see that cryptocurrencies and bitcoin are also not immune to the effects of inflation, so there are many questions about whether crypto investment can fight inflation. Maybe it's still not this time.

[TheNineClub]

I remember protests in the last financial crisis (2008), and in all honesty, it did nothing. The only thing we got from it was BTC, and that wasn't really connected to actual protests. I am not saying that protests don't have their place, but regarding the financial crises, they have almost no impact.

[Cryptmuster]

I remember protests in the last financial crisis (2008), and in all honesty, it did nothing. The only thing we got from it was BTC, and that wasn't really connected to actual protests. I am not saying that protests don't have their place, but regarding the financial crises, they have almost no impact.

This is what people have to do, this is how they show their position, this must be done otherwise nothing globally will change. I understand that they will not change anything right away, but my opinion is that if you do nothing and sit quietly, then in the end it will be even worse. It is too early to compare the crisis of 2008 and what is happening now, I think that now the first stages and all the most difficult is still ahead of us.

[edgycorner]

How long before the US joins in?

The great reset is upon us.

Anyways, these protests are frivolous. They will only backfire and will do nothing helpful. The government's hands are tied and everyone is suffering the same fate(thanks to corona). Instead of holding a banner, how about applying some brain and create your local businesses efficient by cutting unnecessary cost thus increasing profit margin and subsequently your wages too.

Force your management(through unions maybe) to adapt efficient methods and use it as a basis for wage increase. Protests will help no one.
We have to help each other in this tough time else no one will get through.

[cabron]

How long before the US joins in?

The great reset is upon us.

Anyways, these protests are frivolous. They will only backfire and will do nothing helpful. The government's hands are tied and everyone is suffering the same fate(thanks to corona). Instead of holding a banner, how about applying some brain and create your local businesses efficient by cutting unnecessary cost thus increasing profit margin and subsequently your wages too.

Force your management(through unions maybe) to adapt efficient methods and use it as a basis for wage increase. Protests will help no one.
We have to help each other in this tough time else no one will get through.

It lies upon what the media wants. Most of them are controlled by the elite in the country eg.  In Trumps case, the palace was attacked by the crowd with just a little push by the media. If its still Trump in the position while committing lots of mistakes like how Biden did these days, Trump would have been assaulted by the crowd. Since he isn't in the position only the FBI raided his mansion.

The media always has the position to control the people, if they want someone kicked out. Its surprising that the laptop of Hunter didn't made the people of US protest widely but this is because the media didn't hyped it.

[wmaurik]

I think the main problem of inflation is that countries are too easy to make new money, when the amount or stock of money continues to increase it automatically makes its value decrease, of course we have to go back to the past financial system, namely using gold and silver which has proven to be effective and will never happen inflation.

The option of eradicating inflation by using gold and silver for payments does look good. But each state party also has to analyze this further because if it can only eradicate inflation but can cause other problems, I don't think it will be the best thing to implement now. Because the problem is not many countries have stockpiles of gold or silver in large quantities to be used in any payment system within the country.

[Silberman]

I remember protests in the last financial crisis (2008), and in all honesty, it did nothing. The only thing we got from it was BTC, and that wasn't really connected to actual protests. I am not saying that protests don't have their place, but regarding the financial crises, they have almost no impact.

It is because of this that direct action is way more effective than protesting, while protesters may look as people which are defending their rights, truth to be told they are just begging for better treatment from their masters, and as you may guess this will never be effective, so what it needs to be done is to take actions which protect us from inflation, investing in gold or bitcoin, avoid debt regardless of how tempting it could be and reduce our expenses are all measures which are way more effective than protesting when it comes to protecting ourselves, but since this requires self-discipline this is not something many people want to do.

[globalpain]

I think the main problem of inflation is that countries are too easy to make new money, when the amount or stock of money continues to increase it automatically makes its value decrease, of course we have to go back to the past financial system, namely using gold and silver which has proven to be effective and will never happen inflation.

The option of eradicating inflation by using gold and silver for payments does look good. But each state party also has to analyze this further because if it can only eradicate inflation but can cause other problems, I don't think it will be the best thing to implement now. Because the problem is not many countries have stockpiles of gold or silver in large quantities to be used in any payment system within the country.

I agree and it is very important to do an in-depth analysis before making a policy,
because if not it is not impossible that the state will cause other problems caused by the policy,
need to be careful in determining it

[Joshapat]

Inflation will be difficult to avoid any country, the central bank that does not have strong control of the stock and circulation of money and goods will make inflation, especially the strongest economic country, the USA also experiences a surge of inflation so that it has a direct impact on the world, and for us the best is to continue to add Sources of income with extra work or investment.

[Sebas.tian]

High inflation occurs in almost all countries, my country which is usually inflation is not more than 5% per year but the Ministry of Economic Report said that inflation until June has reached 13% or has risen more than 2x compared to 2021, of course this is a serious problem let alone Pandemi not yet ends and is the cause of the increasingly difficult economy.

Yes, many countries are still struggle to overcome the inflation pandemic has caused to their economy, that is making their citizens to experience hardship in their land. I believe, many governments are fully prepared to end inflation in their countries, because inflation is not helping the government to make enough income from their sectors the way they used to make a huge amount of incomes from their sectors. Many presidents are planning to budget a huge amount of money to delete this inflation from their countries, so that their citizens can experience deflation in the country to enable them to live a good life in their various communities.

[AicecreaME]

Inflation will be difficult to avoid any country, the central bank that does not have strong control of the stock and circulation of money and goods will make inflation, especially the strongest economic country, the USA also experiences a surge of inflation so that it has a direct impact on the world, and for us the best is to continue to add Sources of income with extra work or investment.

Inflation really happens in every country. Even the richest country has inflation rate. What's not normal is the speed of increase of inflation as time passes by which makes it hard for normal people to get by. For an ordinary working class, sudden movement of inflation rate could greatly affect their budget.

If the inflation will continuously spike instead of toning down, the working class would be severely affected and what more those people who belong beyond the poverty line? The value of money will slowly depreciate because of high inflation rate. Hopefully, the government officials in charge will take good action regarding this matter so it won't go worse. Because if ever, those people protesting right now will grow massively to speak up.