High inflation is causing GLOBAL protests

[Altryist]

We all know that the current financial system based on centrally controlled fiat currencies has its flaws. We go through booms and busts. After the economic problems caused by the COVID pandemic and the instability generated by the international conflicts we should expect recessions, even depressions and possibly civil wars (we already have military wars *ukraine and pressure is on Taiwan as well)

Thanks for documenting the tweets, but something tells me this is just the beginning. People in developed are facing difficulties with keeping up their lifestyle. Think about the third world countries where wages are exponentially smaller. Let's not forget that the winter hasn't come yet. That's when most of the casualties happen.

The correct remark, in the autumn-winter period, everything can become much aggravated. When the heating season comes, this will be a big test for many countries. Also, in addition to this, the inflation rate may continue to rise, which will exacerbate the situation of the poor. Add to this the food crisis and one can only imagine what it all can lead to.

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[CryptoYar]

PAKISTAN, https://twitter.com/steve_hanke/status/1542993951816200192

A few months ago, the government has changed in Pakistan and the new government increased the price of almost everything, not just oil and electricity. And in the video, folks are protesting against the electricity price increase and burning the electricity bill, and saying "We are not going to pay it you dogs" 

[naira]

The impact of inflation will be felt even if it only exists in the US. Then other countries will feel the same. Moreover, every country is experiencing similar conditions that lead to chaos everywhere. In some cases, inflation in each country did not end well, everything became chaotic and it was difficult to reorganize the government system. We've seen plenty of examples of this lately, and as usual, this year has been in turmoil.
The number of countries you mentioned, indicates the government's failure to tackle inflation. Surviving in the midst of a price condition that seems as if the price of bran becomes unaffordable, basic needs increase, and unemployment which is also beaten down by mass layoffs completes that every country must have alternative finance. El Salvador with Bitcoin payments was born when inflation was beyond repair. Isn't that one of the factors that become a reference for every country? provide anticipation before all the chaos occurs.

[Coin_trader]

In Philippines, You can see bunch of post like this all the time no matter who’s the president regardless of which side of the party. But knowing that issue is already global makes it even more scarier because people here that against the government will surely use this for negative campaign.

Anyway Government can’t do anything about this because world bank debt and fiat unli print is the main reason why we are all this messed.

[palle11]

The political instability of the world is the major reason that inflation is still on the increase. Ukraine is ongoing in the crisis and they are one of the biggest producer and exporter of wheat that is used to make different household food including the most popular which is bread. This product because it is not available like it used to be is having the effect of scarce commodity and therefore causing inflation to its chain of byproducts. If instability continue then it will keep increasing inflation. Production of oil is part of the problem likewise.

[kryptqnick]

Perhaps right now the protests are due to similar things, but situations can differ and we should remember that. Sometimes protests are related to political events (like Maidan in Ukraine in 2013-2014). Sometimes it's related to ethical-political matters (Black lives matter, UK protests against Rwanda deportations). And, of course, there are countries that have major economic issues but where people don't take the issues onto the streets.
My country is Ukraine, and we're big on protests, but usually on political ones, not economic ones. That's because when we have bad economic situations, there are big objective reasons that explain them, so the government it's really blamed. I can see inflation hitting our local fiat already, but nobody's going to protest against high prices and inflation or low minimum wage now because, you know, there's a war going on.

[LoyceMobile]

They are protesting against a group of non-elected people who are in charge of the monetary system.

This, in my opinion, is the main problem. Central banks have far too much power, they seem to decide on their own what they're going to do, and nobody holds them accountable for the problems they create.

[virasisog]

Most countries are suffering from the inflation crisis. We're all hardly affected by the pandemic which has a huge impact on our economic condition. Even the war between Ukraine and Russia has something to do with this increasing inflation rate. There are also corrupt government officials that ruin the economic condition of a country. Negative events also influence the economy. I think the inflation rate will continue to strike higher and we can't do anything about it but to survive.

[Gyfts]

Lets roll back and talk about 2022, the things that the world faced in 2022 :

War
Pandemic

Both of these together are the most awful combinations as well and then we have a massive decline in sources like grains and also oil this the prices will ofcourse rise which also means that, government cannot just sit down and try and do their best because at the end of the day, they cannot control these things, only to an extent, in the USA people were given so much money due to the pandemic now the situation is still terrible is it not ?

They should have definitely handled it better but they cannot just take away all the negative waves from these things.

The war and the pandemic contributed to inflation such that they caused the most irresponsible fiscal policy seen in modern history. Most developed countries locked down their economies and provided stimulation through money printing which caused the foreseeable result of inflation.

The pandemic/war would have caused supply chain issues due to low supply and high demand, but the prices would eventually stabilize once the supply normalized. Government induced inflation by virtue of money printing will cause permanent price increases irrespective of the supply chain logistics. Once the money is injected into the economy, it will be there forever.

[Kakmakr]

What did people expect to happen when politicians and corrupt medical experts exploited the economy to serve their hidden agendas during the Covid Lockdowns. Most people says "natural immunity" was the solution to the pandemic and not a total lockdown. The total lockdowns only extended the painful ending of the pandemic.

The only people who benefited from those lockdowns were the politicians. They got bribes and the economy suffered as a result... small businesses with little of zero cashflow had to close their doors. This in turn increased unemployment and less tax income for those same politicians.

[coupable]

This is a list of countries where demonstrations have been announced. I can assure you that many other countries suffer from manifestations on an almost daily basis and a rise in social demands as a result of policies resulting from currency inflation. Some may think that the Ukrainian war is the reason, but in my opinion, it is the last reason. Whoever watches the situation in Lebanon and many other countries can notice that it is not related to modern factors, and despite this we do not find them on this list.

[uneng]

This is a list of countries where demonstrations have been announced. I can assure you that many other countries suffer from manifestations on an almost daily basis and a rise in social demands as a result of policies resulting from currency inflation. Some may think that the Ukrainian war is the reason, but in my opinion, it is the last reason. Whoever watches the situation in Lebanon and many other countries can notice that it is not related to modern factors, and despite this we do not find them on this list.

Yes, and there are also those countries which are in the middle of the process, that is on the stage things aren't out of control yet, so the population isn't concerned about what is going to happen next. Governments have been running ponzi schemes for too long. Sometimes temporary solutions are created to make these schemes continue working (the called economic plans), so government buy more time, but inevitably they can't fix the economical issues of the modern society without touching the ones who are at the top of the pyramid. And actually, governments are never going to do this, because they want the support of the people at the top for their respective parties and plans to continue ruling the country.

[Wong Gendheng]

Inflation is a complicated problem that is difficult to overcome, and I believe the trend of inflation will continue because countries are free to print money, no country can control inflation, and some countries that have gone bankrupt such as Sri Lanka, Zimbabwe and so on started from uncontrolled inflation. .

[LoyceMobile]

In today's news (roughly translated and sarcasm added): "ECB takes a strong step against inflation by increasing the interest to 0.0%".

[DVlog]

I think it the time to kick out useless paper cash from our economy came. The current economic system has proved to be a massive failure. A petrodollar is nothing but a valueless piece of paper that is backed by fake promises and assets that don't exist. Govt just fooling us by printing more paper which devalued our assets continuously. A cashless economy and blockchain need to be implemented for better transparency.

[Hydrogen]

Sri Lanka could be one to keep an eye on. Protestors there stormed the capitol building. The President of sri lanka fled the country, taking a plane to the maldives.

‘This is a huge moment’: Sri Lankans vow to continue protests until demands are met

He had been elected on the back of a chauvinistic roar of ultranationalism. But in the end Sri Lanka’s strongman president, Gotabaya Rajapaksa, was reduced to making a meek, humiliating escape under the cover of darkness, refusing to even address his own people before he fled.

As Sri Lankans awoke to the news on Wednesday morning that their beleaguered president had departed to the Maldives on an air force jet on the day he had promised to finally resign after months of protests, the mood in the country was one partly of relief, and partly of rage.

“What an absolute coward,” said Sineth Hindle, 27. “Gotabaya filled his pockets with our money, bankrupted our county and then ran away. He must be held accountable.”

https://www.theguardian.com/world/2022/jul/13/this-is-a-huge-moment-sri-lankans-vow-to-continue-protests-until-demands-are-met

How events unfold from this point forward could be relevant to the rest of the world.

Can sri lankans organize enough to elect a new President or establish a new government? Their current deposed President is said to have run under a banner of supposed ultra nationalism. There would seem to be a severe disconnect between campaign promises made by politicians and their actual allegiances. Sri lankans have some obstacles to overcome, if they're to re establish the functionality of their state. Many around the world would appear to have similar problems.

[coupable]

This is a list of countries where demonstrations have been announced. I can assure you that many other countries suffer from manifestations on an almost daily basis and a rise in social demands as a result of policies resulting from currency inflation. Some may think that the Ukrainian war is the reason, but in my opinion, it is the last reason. Whoever watches the situation in Lebanon and many other countries can notice that it is not related to modern factors, and despite this we do not find them on this list.

Yes, and there are also those countries which are in the middle of the process, that is on the stage things aren't out of control yet, so the population isn't concerned about what is going to happen next. Governments have been running ponzi schemes for too long. Sometimes temporary solutions are created to make these schemes continue working (the called economic plans), so government buy more time, but inevitably they can't fix the economical issues of the modern society without touching the ones who are at the top of the pyramid. And actually, governments are never going to do this, because they want the support of the people at the top for their respective parties and plans to continue ruling the country.

Sometimes matters go beyond the limits of the state's energy so that the global situation is a determining factor. Going back in history, we note the feast of global crises that indirectly or retroactively led to the collapse or crisis of economic systems. An example of this is the crisis of the thirties of the last century, where a crisis in the American economy caused a state of stagnation in the global economy, which led to a second world war. Also, the financial sector crisis in 2008, which caused a high level of unemployment worldwide.

[bitzizzix]

Even though the pandemic seems to be over, the world is still feeling its effects, there is a lot of pent up demand and interest rates are still lower than pre-pandemic levels. This means more money with people and an appetite to spend, which leads to rising prices.
but that's only one side, supply can not meet demand, with supply chain bottlenecks that continue to worry.
and not just a pandemic, the Russo-Ukrainian war has caused a lot of uncertainty as both countries are major suppliers of commodities, supply disruptions from these countries have led to sharp price increases.
Moreover, the price of crude oil is at its highest level in the last 8 years, and I think it all happened and was influenced by these two things.

[amishmanish]

Structural inflation isn't in the interest of the average citizen, and it's forced upon us by central banks.
It's the main reason I'm into Bitcoin: I believe money should be scarce to be valuable.

Well said we all.. I think banks have for ages used stick and carrot policy to keep us working,  The fed create money control its supply and then lend it to generate interest for banking system, again relending the money and generating interest.  Businesses have created wars, inflation, and hyperinflations to bring government  under their control and enslaving nations 
 Meanwhile high inflation high to ensure that we work for more money to pay debts and we take more credit to fulfill our needs. Thus remain stuck in this vicious cycle forever.

[cabron]

Structural inflation isn't in the interest of the average citizen, and it's forced upon us by central banks.
It's the main reason I'm into Bitcoin: I believe money should be scarce to be valuable.

Some people do not know what bitcoin is, they do not know it can be an hedge against inflation, but instead, they are calling it scam, hyip, ponzi and all false kind of names.

Some people doesn't even know what Inflation is. And its the money of the ignorants are gotten and moved to the well informed.
History always repeat itself, it may not look the same but its always rhyme as they were saying. The poor gets poorer since they have no insights on what to happen while the government plans to print money to bail out businesses.

Today countries are starting to revise policies like countries from EU shifting back to coal inorder to support the mass for energy. They'd have to do this really for they don't want unhappy citizen rallying the streets. A country full  of hungry men will do a protest and loot malls and food storage, it happens in the past.