High inflation is causing GLOBAL protests

[Wind_FURY]

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.

Taking "good action" would require the Federal Reserve/Central Bank to rate hikes, and tightening the supply of the currency in circulation, which causes the economy to slow down. The choice then of the cabal would be to cause a recession to stop inflation, or leave inflation alone to advance into hyperinflation. What is your Central Bank doing?

[wmaurik]

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

Implementing every new and profitable idea is certainly needed by all countries because it is also a welfare for citizens. But new ideas also need to be analyzed so as not to create new problems and override old policies that have been running very safely. So I think this is what some countries are reviewing to be able to implement new ideas that benefit the country and its citizens without any problems.

[sana54210]

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.

I would guess that protesting would ALWAYS work, because it is creating attention for the problem. Not that it can solve anything or not solve anything, sometimes it does and sometimes it doesn't but at least it gets the attention of everyone. If I know what occupy wall street was from other side of the world, then it means american surely know what it meant as well. So, they can either vote accordingly or they could vote against that idea as well.

The point is that protests are not there to change something, it's there to get attention and if they can actually get that attention, they may change some ideas and some votes which would help them achieve what they want.

[Fortify]

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.

That's what happens if a non-elected cabal is made to have control over the money supply. Look at this list. Start researching about your country's central bank policies, read the news, and know if your country is about to have, or is currently having high inflation. Because your country could be next for a mass protest.

This is just the beginning and we are far from the peak right now, it's going to get a lot tougher in every country - we'll miss the relatively calm, stable and good times we've been living in the past decade. Unfortunately Covid sent a lot of logistics chains out of whack, it was starting to look brighter as much countries came out of the pandemic 2 years later with a bit of a buffer built up for some people. Now the war that Russia started against Ukraine has caused all sorts of new difficulties. The saddest part of it all is how unnecessary it all is, Ukraine was moving towards a more free and democratic society, but Putin was offended that one of his cronies was ousted and decided to murder hundreds of thousands of people because of it.

[teosanru]

I have gone through the tweets, and a lot of them, a few of them are deleted/ accounts suspended, chances are must be misleading or sparking violence, a lot of them don't really mention Inflation, they are just telling about the protests going on in some part of the country due to some issue or the other. Protests have always been going on in every country in some part or the other due to some reason or the other, it's absolutely wrong to connect each and every protest with Inflation, especially in Indian and Canada one has nothing to do with Inflation at all, they are more on environmental topics and socio-cultural issues.

[TheGreatPython]

This is just the beginning and we are far from the peak right now, it's going to get a lot tougher in every country - we'll miss the relatively calm, stable and good times we've been living in the past decade. Unfortunately Covid sent a lot of logistics chains out of whack, it was starting to look brighter as much countries came out of the pandemic 2 years later with a bit of a buffer built up for some people. Now the war that Russia started against Ukraine has caused all sorts of new difficulties. The saddest part of it all is how unnecessary it all is, Ukraine was moving towards a more free and democratic society, but Putin was offended that one of his cronies was ousted and decided to murder hundreds of thousands of people because of it.

I do not think that it will "go down" from here. There is a good chance that we could build from this. Whenever these "resets" happen, it comes out with a brand new company going super strong and the world gets rebuilt because people who ended up with some cash in that period that ends up with a great thing.

Think about it this way, if we could have people who have billions in cash right now go into business and start something new, they could have all the business, all the cheap workers, all the extras whatever and they could end up with something amazing. This isn't the thing they really want because bad economy is bad, but by the time economy gets strong again, they will be big already.

[Abiky]

This is just the beginning and we are far from the peak right now, it's going to get a lot tougher in every country - we'll miss the relatively calm, stable and good times we've been living in the past decade. Unfortunately Covid sent a lot of logistics chains out of whack, it was starting to look brighter as much countries came out of the pandemic 2 years later with a bit of a buffer built up for some people. Now the war that Russia started against Ukraine has caused all sorts of new difficulties. The saddest part of it all is how unnecessary it all is, Ukraine was moving towards a more free and democratic society, but Putin was offended that one of his cronies was ousted and decided to murder hundreds of thousands of people because of it.

It's a crazy world we're living into. Inflation will continue to rise until COVID-19 and the Russia-Ukraine crisis are solved for good. People can't expect the economy to magically recover when such issues are present. Central banks may try to take a "hawkish" stance against inflation, but they will ultimately fail as inflation becomes uncontrollable. The US Dollar was severely affected, causing a "domino effect" over other Fiat currencies such as the Euro and the Japanese Yen. Crypto was once hailed to be a safe haven against inflation (especially Bitcoin), but it has ultimately failed in doing so because of the deteriorating global economy.

The only way to change this is if crypto (mainly Bitcoin) becomes the standard unit of account. This means replacing the US Dollar with Bitcoin as the world's reserve currency. But that's very unlikely to happen soon because governments won't let go of Fiat no matter what. We'll see how everything will turn out to be in the future as the aforementioned events continue to leave a mark in the global economy. Just my thoughts

[lucates]

Protesting against inflation is like protesting against the weather. It's totally pointless.
Can the protesters force the central banks to stop printing money? Nope.
Can the protesters stop the war in Ukraine and change the hostile relations between Russia and the western world(which leads to high fuel prices)? Nope.
The protesters want government support, which will lead to more government debts and bigger budget deficits(which will make the inflation worse). Some protesters even want fixed prices or controlled prices. Those people don't know how market economy works. Fixed prices will cause big shortages of goods and a possible black market.
The only way to survive the inflation is to make more money and cut all unnecessary costs.

I don't think it's pointless to protest against inflation. Because the causes of inflation and the types of inflation are many, the protest makes some sense. And the recent protest in Sri Lanka is taken as an example. The only way to survive inflation is not to make more money but to control inflation. That's why the protesters urge the government and federal bank to control it.

[wmaurik]

I don't think it's pointless to protest against inflation. Because the causes of inflation and the types of inflation are many, the protest makes some sense. And the recent protest in Sri Lanka is taken as an example. The only way to survive inflation is not to make more money but to control inflation. That's why the protesters urge the government and federal bank to control it.

Then, whether the Sri Lankan government and federal bank can control this now?
Because controlling inflation is not an easy thing and every important element of the country must all move so that inflation can be controlled properly. Because the government will not be able to do it alone and still have to involve more people in it so that inflation can be controlled.

[Wind_FURY]

I don't think it's pointless to protest against inflation. Because the causes of inflation and the types of inflation are many, the protest makes some sense. And the recent protest in Sri Lanka is taken as an example. The only way to survive inflation is not to make more money but to control inflation. That's why the protesters urge the government and federal bank to control it.

Then, whether the Sri Lankan government and federal bank can control this now?
Because controlling inflation is not an easy thing and every important element of the country must all move so that inflation can be controlled properly. Because the government will not be able to do it alone and still have to involve more people in it so that inflation can be controlled.

What are these protest for?

People protest for a day and then they go back to their home and forget what has happened yesterday. These protest will not bring any good unless they are consistent and they make real demands and ask gov for the relief. nothing is going to change with one hour protest.

They protest probably because they are hungry, because they have nothing to feed their families, because they were laid off from their jobs, or probably they know while they are going through a crisis, their government continues to steal from the people/country.

Maybe you are lucky that you are not in a position the same as they. You can still eat, you have your savings, you have your job.

The people in Bangladesh are starting to do their own kind of protest. Hunt for politicians, https://twitter.com/radiogenova/status/1563212468851052544?s=12&t=zmB_iDz-JXEzGwPy5FOHVQ

[Wong Gendheng]

The beginning of the bankruptcy of many countries is usually from inflation, when the country fails to control inflation, many speculators will continue to confuse the economy, they hold prices to rise up to hundreds of times, this is a big problem that must be overcome when the initial symptoms are visible.

[Jatiluhung]

Inflation in my country per month continues to increase by an average of about 0.4% per month based on information from the State Statistics Department. But what residents feel is more than that number. the price of food continues to rise, the price of transportation increases, so do the daily necessities. But maybe my country isn't badly affected by inflation. because the increase is still affordable by the community. so that no particular group has voiced demonstrations. but if this inflation continues. then maybe there will be protests.

[Wind_FURY]

Inflation in my country per month continues to increase by an average of about 0.4% per month based on information from the State Statistics Department. But what residents feel is more than that number. the price of food continues to rise, the price of transportation increases, so do the daily necessities. But maybe my country isn't badly affected by inflation. because the increase is still affordable by the community. so that no particular group has voiced demonstrations. but if this inflation continues. then maybe there will be protests.

Ask the small business in your area how much their electricity bill is, and ask them if the bill keeps going higher, if they can stay open for business. I've been reading that some small businesses, like coffee shops, in some regions on Europe have been receiving electricity bills at €9,000 per month. A small coffee shop can't pay for that every month.

[awik p]

Inflation in my country per month continues to increase by an average of about 0.4% per month based on information from the State Statistics Department. But what residents feel is more than that number. the price of food continues to rise, the price of transportation increases, so do the daily necessities. But maybe my country isn't badly affected by inflation. because the increase is still affordable by the community. so that no particular group has voiced demonstrations. but if this inflation continues. then maybe there will be protests.

Ask the small business in your area how much their electricity bill is, and ask them if the bill keeps going higher, if they can stay open for business. I've been reading that some small businesses, like coffee shops, in some regions on Europe have been receiving electricity bills at €9,000 per month. A small coffee shop can't pay for that every month.

the increasingly difficult life experienced by the whole world, not just in Europe, due to inflation. I give an example in my country, where currently the necessities of life are rising, and currently there is an issue for an increase in fuel oil, where the increase is around 30%, and that means it will burden distribution costs, so that it is charged again to the goods it distributes, as the people indeed this is very difficult especially for those who live in urban areas, but all must be faced, even though today there is no increase, I think it will happen soon

[wmaurik]

What are these protest for?
People protest for a day and then they go back to their home and forget what has happened yesterday. These protest will not bring any good unless they are consistent and they make real demands and ask gov for the relief. nothing is going to change with one hour protest.

Good question, but sadly I have to ask you back now. Then who said about the change with a one day protest with a duration of one hour?
Because the one-day protest with a duration of one hour is an old-fashioned way that is only done by ordinary people who do not understand the rules of the country at this time. Even though every thing can still be solved in a better way by getting closer to the government and explaining every thing that must be changed for the better.

[wmaurik]

Protest are good, but if the people are going to do it right way. And stand for their rights and get their demands full filled by staying there till it is done.
Not like just going to the spot and having a photoshoot and returning home and not following up on it.

I don't blame those who protest rightly and wisely. Because now there are many ways that every citizen can take when protesting for their rights as citizens. So a protest that is in accordance with the rules and also carried out in a wise way will be much better than doing it in a lay way or a one-day action with a duration of several hours as you said before.

[tygeade]

Good question, but sadly I have to ask you back now. Then who said about the change with a one day protest with a duration of one hour?
Because the one-day protest with a duration of one hour is an old-fashioned way that is only done by ordinary people who do not understand the rules of the country at this time. Even though every thing can still be solved in a better way by getting closer to the government and explaining every thing that must be changed for the better.

Protest are good, but if the people are going to do it right way. And stand for their rights and get their demands full filled by staying there till it is done.
Not like just going to the spot and having a photoshoot and returning home and not following up on it.

That’s the important thing, people should realize that protests are not because people are traitors to the nation or something, they are poor people who need to protest in order to survive.

We had it in my nation, inflation was bad, but we didn't do "just" because inflation, the idea was that sure the world is doing badly and it is normal that we do badly as well, but while the world is in danger and we are living so much poorer and they are raising taxes to incredible levels, some stuff as high as 100%+ taxed while also being 100%+ more expensive, so something that used to be 2 dollars, became 8 dollars and 4 dollars goes to tax.... and yet they were giving money to their friends, so we protested the politicians to stop that.

[STT]

The ironic thing with protest or strikes is that it removes supply from the economy which very likely further raises costs and so inflation.   This is true in general of inflation that it equates to instability and a resistance to open business forms where price discovery in an open market becomes less able to proceed further thus slowing the economy.

   Inflation snowballs to put it briefly, it becomes hard to counter and its not surprising we've had it occur when kickstarted so greatly by production of new money in such a brief time.   Small and large effects accumulate such as Just in time stock delivery is no longer as possible, basic costs to production and supply rise with less efficiency to all parties in part and final production.    This damage can take years to unwind, we likely see the inverse to benefits of efficient production seen prior.

[Abiky]

Ask the small business in your area how much their electricity bill is, and ask them if the bill keeps going higher, if they can stay open for business. I've been reading that some small businesses, like coffee shops, in some regions on Europe have been receiving electricity bills at €9,000 per month. A small coffee shop can't pay for that every month.

We can all thank Mr. Putin for this. If it wasn't because of the war, none of this would've happened. Now the world is a mess, with little hopes of experiencing a recovery anytime soon. This goes way back to the COVID-19 pandemic which started around two years ago. Ever since COVID-19 took the world by storm, governments have been printing money like crazy. The US was hit hard with high inflation rates, causing a "domino" effect over other countries' economies as well. Then came the Russia-Ukraine war, and things became worse than they were.

Because of the current catastrophe, poor people and those in the middle class have been unable to afford the average cost of living. I hope this doesn't get worse, or it'll be complete chaos. There's only one way to end this and that's by eradicating COVID-19 and ending the Russia-Ukraine war. We'll see what measures mainstream governments will take in order to end this nightmare once and for all. Just my thoughts

[wmaurik]

Do you know there are countries like Turkey where people are not allowed to protest.
I live in the democratic state and we protest a lot. There are so many protests I have seen - but these days my news feed are full of Indian and Pakistani people protesting for their rights - still there is no impact.

Hopefully you can also understand what I said earlier where basically I don't like to see protests and also don't like to protest any kind to the government.
Because it's an old-fashioned way that won't have any effect if it's only done in one day for one hour and you also said that before right? Now for a country like Turkey, it has long been applying rules to its citizens not to protest because the Turkish government has guaranteed welfare for its citizens so that citizens no longer have the right to protest and that is very different from many countries in this world.