High inflation is causing GLOBAL protests

[South Park]

What happens to Sri Lanka, Zimbabwe, Argentina and many countries that are currently in trouble with the economy because it starts with high inflation, when the government fails to control inflation, it is certain that the next problem will continue to emerge and is more difficult to control, everyone will use standards Dollar or gold to assess the price while Fiat value continues to decline without control.

When inflation occurs and the government can't do anything about it then it will cause a bigger problem,
moreover the people who will feel it then the government, especially the head of state will be considered a failure,
What is clear is that all countries experience inflation

Since inflation is caused by an increase in the money supply and the ones that control that are the governments and the central banks then we know there are things they can do to slow down the inflation, like stop printing so much money, however they refuse to do so as they believe they can control it, but at some point they lose control of it and that is when things get really ugly and then people begin to ask for a political change, which unfortunately does not solve much when facing such difficult circumstances.

[Gyfts]

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.

Well the majority of people are either poor or middle class so it's normal to see protests spread across the globe due to ever-increasing inflation rates. We can blame the COVID-19 pandemic and the Russia-Ukraine war for this. Unless these two cataclysms disappear, things won't go back to normal. I sometimes wonder how major governments are going to control inflation when its soaring towards unprecedented levels. If the world experiences hyperinflation, then chances for recovery will be very slim. Imagine a global economy with "eternal inflation". It will mark the beginning of a non-stop recession which would be the first of its kind in human history.

I'd say governments step up to the game by dealing with COVID-19 with a heavy hand. That means lockdowns and full-scale vaccinations in order to contain the virus for good. As for Russia, it would be best for NATO and the EU to step in to end the conflict for good. Unless someone does something about it, things will only get worse. Just my thoughts

The COVID-19 pandemic only takes as much blame as the bad government policy does. The lockdowns weren't required, the money printing wasn't required either. The government could've taken mitigation efforts without shutting businesses down and causing entire industries to be shut down. Inflation effects the poor the most, so I understand why there are global protests. My point is, the anger should be directed at the government officials who decided they had the authority to cease any "non-essential" economic activity.

[qwertyup23]

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.

[bitgov]

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.

And I believe the protest does not work if people do it once and become quiet and silent forever.
Like there was a massive protest which has happened in Turkey and people didn't show up later, what impact it has created?
Thank God I live in country where we can protest - and it does matter.

[wmaurik]

And I believe the protest does not work if people do it once and become quiet and silent forever.
Like there was a massive protest which has happened in Turkey and people didn't show up later, what impact it has created?
Thank God I live in country where we can protest - and it does matter.

It's important to protest against the government in the public interest and for the people, but I'm sure not many people are willing to do that now because in the end they also have to follow state rules or regulations made with government policies. Even though making a protest is a sign that the community still cares deeply for their nation.

[Abiky]

The COVID-19 pandemic only takes as much blame as the bad government policy does. The lockdowns weren't required, the money printing wasn't required either. The government could've taken mitigation efforts without shutting businesses down and causing entire industries to be shut down. Inflation effects the poor the most, so I understand why there are global protests. My point is, the anger should be directed at the government officials who decided they had the authority to cease any "non-essential" economic activity.

Of course. Governments' policies is what has mostly impacted the economy in the first place. Constant money printing and heavy spending has led us to the point where we are right now. The Russia-Ukraine war made matters worst, so it's going to take quite a while before things go back to normal (if they ever will). I couldn't imagine an scenario where hyperinflation would destroy Fiat in its entirety. If that happens, then we'd be doomed.

My guess is that either we'll return to the Gold standard or switch to the Bitcoin standard altogether. No one can predict the future so we can only hope for the best. Just my opinion

[mm2543363580]

The COVID-19 pandemic only takes as much blame as the bad government policy does. The lockdowns weren't required, the money printing wasn't required either. The government could've taken mitigation efforts without shutting businesses down and causing entire industries to be shut down. Inflation effects the poor the most, so I understand why there are global protests. My point is, the anger should be directed at the government officials who decided they had the authority to cease any "non-essential" economic activity.

Of course. Governments' policies is what has mostly impacted the economy in the first place. Constant money printing and heavy spending has led us to the point where we are right now. The Russia-Ukraine war made matters worst, so it's going to take quite a while before things go back to normal (if they ever will). I couldn't imagine an scenario where hyperinflation would destroy Fiat in its entirety. If that happens, then we'd be doomed.

My guess is that either we'll return to the Gold standard or switch to the Bitcoin standard altogether. No one can predict the future so we can only hope for the best. Just my opinion

These protest are not going to help anyway - you suffer mental stress.
The only solution is to have financial freedom. And that is something which will work. Otherwise you will have stress and stress only.

[wmaurik]

These protest are not going to help anyway - you suffer mental stress.
The only solution is to have financial freedom. And that is something which will work. Otherwise you will have stress and stress only.

Protests for anything can only provide information that is not liked by the people so that assistance will not be available, moreover what is being protested is the government which will automatically only hear about the complaints of its people, while realizing these complaints also requires a lot of further consideration. So it's true as you say that having financial freedom is a good solution, but I'm sure not everyone can have that (financial freedom) now. Especially for those who do not have a proper education so when they want to get financial freedom, they definitely have to spend more time to learn everything they need.

[bitgov]

These protest are not going to help anyway - you suffer mental stress.
The only solution is to have financial freedom. And that is something which will work. Otherwise you will have stress and stress only.

Protests for anything can only provide information that is not liked by the people so that assistance will not be available, moreover what is being protested is the government which will automatically only hear about the complaints of its people, while realizing these complaints also requires a lot of further consideration. So it's true as you say that having financial freedom is a good solution, but I'm sure not everyone can have that (financial freedom) now. Especially for those who do not have a proper education so when they want to get financial freedom, they definitely have to spend more time to learn everything they need.

If proctest would have been helpful ..... everyone would have been protesting and getting their demands full filled.
But this is not no solution the only solution is to get financial freedom and earn as much as you could.

[wmaurik]

If proctest would have been helpful ..... everyone would have been protesting and getting their demands full filled.
But this is not no solution the only solution is to get financial freedom and earn as much as you could.

What you need to know is that everyone's abilities are different so not everyone can get financial freedom and earn as much as they can. Although making a protest is not a good solution, but every person or citizen clearly wants to bring out any complaints that they feel need to be heard by the authorities. And I think there are other solutions, such as holding an audience with the authorities to convey all important matters that are still under-served.

[Untomabur]

Globally the economy experiences a recession, the value of consumption that drops in many countries makes many production sectors stop, let alone the presence of pandemics that make conditions more difficult. Certainly not easy to solve complicated problems like now, all I can do is focus on earnings from many sources.

Currently, the problem is very complex and it cannot be separated from what has happened at this time, be it a pandemic, the war between Russia and Ukraine and others.
currently commodity prices are still high and I don't know when this will end,
I think what you say is true that focus on income from various sources

[Baofeng]

The COVID-19 pandemic only takes as much blame as the bad government policy does. The lockdowns weren't required, the money printing wasn't required either. The government could've taken mitigation efforts without shutting businesses down and causing entire industries to be shut down. Inflation effects the poor the most, so I understand why there are global protests. My point is, the anger should be directed at the government officials who decided they had the authority to cease any "non-essential" economic activity.

Of course. Governments' policies is what has mostly impacted the economy in the first place. Constant money printing and heavy spending has led us to the point where we are right now. The Russia-Ukraine war made matters worst, so it's going to take quite a while before things go back to normal (if they ever will). I couldn't imagine an scenario where hyperinflation would destroy Fiat in its entirety. If that happens, then we'd be doomed.

My guess is that either we'll return to the Gold standard or switch to the Bitcoin standard altogether. No one can predict the future so we can only hope for the best. Just my opinion

Or better yet, bitcoin invest is the better option to fight this inflation. As what we have been teach, at least save 6 months of money as buffer, in case some kind of emergency sets it. But the pandemic is very different though, no one was ready and it 's effect still lingers despite it being controlled now. So our money is useless and it's better to invest it somewhere like bitcoin or gold, or even diversify to stocks. We don't want to get caught in this inflation, so we need to react.

[STT]

have control over the money supply.

In this case its literally restriction of supply to wheat and other base ingredients.   No price can buy what isnt there and the richest people closest to the source of supply will take most of the food is the obvious result leaving very little food for more distant or those less able to pay.
   I guess control of the money supply gives that new money to those closest to the FED or similar, it is unfair bias.    However its also the case countries must have a capability to produce not just buy, food and other commodities are so unique they cannot be replaced easily.

[The Sceptical Chymist]

If proctest would have been helpful ..... everyone would have been protesting and getting their demands full filled.
But this is not no solution the only solution is to get financial freedom and earn as much as you could.

Great fuckin' words of wisdom there, dude. 

I'm reading the last page of this thread, and it's filled with shitposts talking about bounties or in extreme generalities such that there's no meaning to what's being written.  OP, you might want to lock this thread up.

As for the protesting, I'm not sure what it's accomplished in the month since this thread was started, although I'm all for people's right to take to the streets and make noise.  Unfortunately, that might be the only effect it has.  Whether the people behind the monetary policy in any given country are elected or not, the average person who gets hit the worst by inflation has very little power or influence and can't do much to help the problem.

But what else is new?  The world has been through many inflationary cycles before, and this one will have an end point eventually.  How much financial pain we all have to endure in the meantime is anyone's guess.

[xSkylarx]

-snip

Here in our country, many people still blames the conflict between Ukraine and Russia, and the pandemic as well. They still can't admit that they elected a corrupted official that has no concrete plans with these economic issues. Some even blame the poor when they are protesting about the rapid increase of commodities. I'm just hoping for country to not go that far like what is happening on those places because my family can't afford to migrate to other countries.

[Abiky]

Or better yet, bitcoin invest is the better option to fight this inflation. As what we have been teach, at least save 6 months of money as buffer, in case some kind of emergency sets it. But the pandemic is very different though, no one was ready and it 's effect still lingers despite it being controlled now. So our money is useless and it's better to invest it somewhere like bitcoin or gold, or even diversify to stocks. We don't want to get caught in this inflation, so we need to react.

With every pandemic, comes an economic recession. It'll be up to us to act quickly by investing in safe-haven assets to help protect our purchasing power as much as possible. Governments will continue to print more money in order to artificially "pump" the economy. This translates into inflation, greatly affecting the average consumer. Despite the recent downturn of the global economy, Bitcoin hasn't moved anywhere (even though prices relative to Fiat declined at a very fast pace). It's censorship-resistant money no government or third party can take from you.

I think Bitcoin is even better than Gold because its portable and its supply is predictable. People just haven't noticed its true benefits yet. At least, we won't have to worry about inflation with Bitcoin as an alternative to the current monetary system. Just my thoughts

[Mario Yamasaki]

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.

[$anounimus$]

All around the different regions/parts of the world, they have the same issue that's causing mass protests. It's HIGH INFLATION, HIGH FUEL PRICES, HIGH FOOD PRICES, HIGH COSTS OF LIVING, AND LOW MINIMUM WAGE.

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.

[Taskford]

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.

[Rufsilf]

-snip

Here in our country, many people still blames the conflict between Ukraine and Russia, and the pandemic as well. They still can't admit that they elected a corrupted official that has no concrete plans with these economic issues. Some even blame the poor when they are protesting about the rapid increase of commodities. I'm just hoping for country to not go that far like what is happening on those places because my family can't afford to migrate to other countries.

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.