An easy way to overcome inflation

[DashingAgent]

An easy way to overcome inflation

Inflation exists just because of the secondary currency, if all US states eliminate their secondary currency and make the dollar their base currency, it can help control inflation. Because when the dollar is a base currency the devaluation can be bypassed(just because after that, if a European country wants to do business with you, then it has to buy dollars.). The wages can be increased and businesses can be grown fast.

[tvplus006]

Inflation exists just because of the secondary currency, if all US states eliminate their secondary currency and make the dollar their base currency, it can help control inflation. Because when the dollar is a base currency the devaluation can be bypassed(just because after that, if a European country wants to do business with you, then it has to buy dollars.). The wages can be increased and businesses can be grown fast.

If there is no inflation, then there will be deflation, the consequences of which are considered much worse for the economy. It is for this reason that the national bank lays down a small percentage of inflation in order to prevent deflation.

[DashingAgent]

You are right, but inflation is making people poorer and reducing their purchasing power.  While banks are getting richer than people.  If people's incomes are increased more than inflation, the effect may be to keep the economy in balance.

Inflation exists just because of the secondary currency, if all US states eliminate their secondary currency and make the dollar their base currency, it can help control inflation. Because when the dollar is a base currency the devaluation can be bypassed(just because after that, if a European country wants to do business with you, then it has to buy dollars.). The wages can be increased and businesses can be grown fast.

If there is no inflation, then there will be deflation, the consequences of which are considered much worse for the economy. It is for this reason that the national bank lays down a small percentage of inflation in order to prevent deflation.

[jossiel]

One contribution on this huge inflation rate was due to the effect of the pandemic. It has resulted to print a lot of new money in the circulation and that's why we've got the high inflation rate.

Plus, the effects of war also is contributing a lot.

Every single way of defeating inflation will depend on how the governments going to take actions. And as an individual, we also have way of defeating it based on how we deal with it.

[el kaka22]

That's not how it works at all. Inflation happens because you print more money, that's it, there is really nothing else. If you do not print more money then you won't have inflation.

Think about a world where there is a finite amount of dollars and nothing more, never can be printed ever, then if people start to sell stuff for a lot more money, then eventually some will have a lot and many will have none but that won't work for the people who have a lot neither because the ones who have none will not play by their rules anymore, hence they have to eventually sell to redo it all over again, but if they print some more, then they can give it to people who have none again and take it from them again and repeat that forever.

[carlfebz2]

That's not how it works at all. Inflation happens because you print more money, that's it, there is really nothing else. If you do not print more money then you won't have inflation.

Think about a world where there is a finite amount of dollars and nothing more, never can be printed ever, then if people start to sell stuff for a lot more money, then eventually some will have a lot and many will have none but that won't work for the people who have a lot neither because the ones who have none will not play by their rules anymore, hence they have to eventually sell to redo it all over again, but if they print some more, then they can give it to people who have none again and take it from them again and repeat that forever.

Good way on describing it which is really that on point or the easy way on knowing about inflation.Lets not mind on how it would be stopped since it wont really happen no matter what.Government would definitely be

doing things on which they do look right or must thing to be done.As an individual and if you are really that heavily affected with inflation then it would really be just common sense that you would really be

finding other ways for you to earn more income and able to make yourself sustain this very hard moment and this would be only the solution that i do have in mind or overall
on making yourself to sustain despite of the inflation.

[Mr.right85]

Think about a world where there is a finite amount of dollars and nothing more, never can be printed ever,

The foresight to the creation of a finite number of bitcoins. This is some of the reasons that attests to why bitcoin isn't just a currency to be used for exchange but, it looks towards solving some of the issues of humanity in ways that it would benefit both the common man and the elite.
It's finite nature has given its evolving phase a volatility ratio with time to ensure proper validation of its base to ensure its able to accommodate the worlds population.

Speaking of having the dollar for a base currency in nations undergoing inflation, its always down to printing although, dollar adoption might help but this is most likely never going to be the case of a global dollar adoption but, we could come close to this in bitcoin.

[KingsDen]

Inflation exists just because of the secondary currency, if all US states eliminate their secondary currency and make the dollar their base currency, it can help control inflation. Because when the dollar is a base currency the devaluation can be bypassed(just because after that, if a European country wants to do business with you, then it has to buy dollars.). The wages can be increased and businesses can be grown fast.

If there is no inflation, then there will be deflation, the consequences of which are considered much worse for the economy. It is for this reason that the national bank lays down a small percentage of inflation in order to prevent deflation.

There can be a balance between them, where there is neither inflation nor deflation. That is what every economy crave for. When there are human oriented policies that are economically enforceable, it can be partially achieved.

@Op, every state using dollar as base currency is not the problem. Since US dollar is the world reserved  currency, there ought to be no inflation at all in the States, but that's not the reality. So, every country is technically on the inflation lane.

[samcrypto]

An easy way to overcome inflation

Inflation exists just because of the secondary currency, if all US states eliminate their secondary currency and make the dollar their base currency, it can help control inflation. Because when the dollar is a base currency the devaluation can be bypassed(just because after that, if a European country wants to do business with you, then it has to buy dollars.). The wages can be increased and businesses can be grown fast.

Inflation came from a lot of factors and not just about an specific currency, have you ever wonder why inflation is necessary to balance the economy?

Well, the law of demand and supply can also be a big factor for inflation, if there’s no enough supply for the consumer you can expect for the price increase, so its not all about US Dollar. If other countries want to have a deal with you, it should be for the benefit of both parties and not just for the benefit of bigger countries.

[bittraffic]

That's not how it works at all. Inflation happens because you print more money, that's it, there is really nothing else. If you do not print more money then you won't have inflation.

Think about a world where there is a finite amount of dollars and nothing more, never can be printed ever, then if people start to sell stuff for a lot more money, then eventually some will have a lot and many will have none but that won't work for the people who have a lot neither because the ones who have none will not play by their rules anymore, hence they have to eventually sell to redo it all over again, but if they print some more, then they can give it to people who have none again and take it from them again and repeat that forever.

Easier to look at it that way if the currency is backed by something like gold or silver. If not then, it's just worthless. I doubt the wealthy guys from WEF take the importance of paper money anymore.

If they print Trillions of it to giveaway then its not a healthy inflation. Its why there is a need for the production of goods on US soil. Or our option to overcome I guess investing in BTC and keeping earning money to overcome inflation.

[mayfair_coin]

1. Plan your expenses wisely
2. Don't spend unnecessary
3. Deposit money in a high-yielding savings account
4. Never panic in any situation during inflation

[palle11]

Inflation came from a lot of factors and not just about an specific currency, have you ever wonder why inflation is necessary to balance the economy?

Well, the law of demand and supply can also be a big factor for inflation, if there’s no enough supply for the consumer you can expect for the price increase, so its not all about US Dollar. If other countries want to have a deal with you, it should be for the benefit of both parties and not just for the benefit of bigger countries.

It is to what you have explained here. I don't believe that a base currency or counter currency doesn't really determine the strength of the currency but what determines it is the factor of economics in the country like  you have explained. The economic factors are very important to affect the currency or not. If you are spending so much on current project like paying of salaries and frivolities than spending on capital projects and manufacturing, you are likely to have a fallen currency.

[stompix]

Inflation exists just because of the secondary currency, if all US states eliminate their secondary currency and make the dollar their base currency, it can help control inflation. Because when the dollar is a base currency the devaluation can be bypassed(just because after that, if a European country wants to do business with you, then it has to buy dollars.).

Then why does the US have inflation? 

That's not how it works at all. Inflation happens because you print more money, that's it, there is really nothing else. If you do not print more money then you won't have inflation.

There are tons of other things!

Inflation doesn't happen magically just because you print money, for example, you could print 100 million $1000 checks, and distribute them to each family but if nobody spends one penny of those, will there be inflation?
Japan has been printing money for decades yet it was still unable to generate inflation and even with covid and global inflation happening almost everywhere, they are desperately trying to get inflation to sit above 2% and not really making it happen, not even with higher energy prices.

In order to have inflation, you need the price of goods to increase, simple as that, there is no money printing involved, all you need is higher demand and lower output and there you have it inflation. Money printing just helps it by driving up demand as more people want to buy those goods and afford to pay more but otherwise no, it's not a singular cause.

[Charles-Tim]

Inflation exists just because of the secondary currency, if all US states eliminate their secondary currency and make the dollar their base currency, it can help control inflation.

I do not understand this though, how is other currencies making inflation possible in the United States? If you are referring to inflation, I do not expect you to refer to the United States because they are a developed country, countries in Africa and Asia are having poor economy and inflation rate is high.

You are right, but inflation is making people poorer and reducing their purchasing power.  While banks are getting richer than people.  If people's incomes are increased more than inflation, the effect may be to keep the economy in balance.

If there is no inflation, the economy can collapse, there is not way there would not be an inflation in an existing economy, even the government are intentionally reducing fiat value, resulting to inflation and economy collapse not to occur. Inflation and poor economy are not the same.

[Johnyz]

1. Plan your expenses wisely
2. Don't spend unnecessary
3. Deposit money in a high-yielding savings account
4. Never panic in any situation during inflation

Inflation can’t be totally controlled, and with this kind of financial planning and budgeting I can say that you can really beat inflation and its really good to have this all the time. There’s a lot of reason for the inflation to rise, it’s more on the economic status of that country and if they are suffering from many department most probably they will suffer more with regards to the inflation. In order for you to beat that you need to be more prepared, and it takes a lot of courage for you to succeed.

[virasisog]

1. Plan your expenses wisely
2. Don't spend unnecessary
3. Deposit money in a high-yielding savings account
4. Never panic in any situation during inflation

Inflation is being experienced in every corner of the world and we can't do anything to control it since it's a global economic crisis. However, if we apply these tips, we will be able to handle and deal with the said crisis. Being wise and smart in spending during this situation will be a big help. Proper budgeting and the right financial management js the key for us to survive and overcome inflation.

[GreatArkansas]

The even U.S. or any government will continue to print unlimited fiat without considering other things?
It looks like a bricks that will fall. Supply is still unlimited, it's still difficult though.
For me, there are still lot of ways how to overcome if you will start from your self, there are lot of ways.

[gunhell16]

An easy way to overcome inflation

Inflation exists just because of the secondary currency, if all US states eliminate their secondary currency and make the dollar their base currency, it can help control inflation. Because when the dollar is a base currency the devaluation can be bypassed(just because after that, if a European country wants to do business with you, then it has to buy dollars.). The wages can be increased and businesses can be grown fast.

Inflation I think will not disappear in every country. All countries around the world are facing that, and it becomes a challenge for the main presidents of each government to find a solution so that they can control the increase in the prices of the productions they have or prevent it from falling again. the value whatever it is.

Also due to inflation, the ability of a Leader of a country can be measured as to what they should and should not do to fight it. If there is inflation that is happening, there is also deflation, that's just simple to understand in my own opinion.

[hugeblack]

The cryptocurrency market, at its peak, was worth about $3 trillion, a value that does not represent 8% of the GDP of all countries or the real estate market, and therefore even if the sector collapsed completely, it would not affect the world significantly.

Therefore, even if the value of the Shiba is a dollar, it will be temporary and will fade, as most currencies have ended, and it is important that even ith cryptocurrencies rise back to 3 trillion, it will not affect the global inflation, but rather the individuals.

[danherbias07]

Will help but not totally overcome it.
Also, this takes out the tourism part of one country if they won't accept any currency that is paid to them. Rich people won't go to big efforts to go to one exchange to transfer their currency to another just so they could buy their food and other things.
Besides, credit cards and debit cards will be the ones used for such things. Banks will do it themselves and convert what you are using.
It also shows strengths and not weaknesses.
Did you come up with this after Russia forced other countries to buy rubles in exchange for oil?

[hd49728]

Inflation is unstoppable and in history, people overcome this. People who are rich and have plans can overcome ewch recession more easily and comfortably. People who are poor and don't have financial reserve can overcome it too but with some damage in health or mental issues or family issues.

So the best is make sure you have cash in your reserve for bad years. I don't recommnend anyone to put all money in cash, in Bitcoin, in gold. Diversify them and have but of cash for expenses in emergency.

[AicecreaME]

One contribution on this huge inflation rate was due to the effect of the pandemic. It has resulted to print a lot of new money in the circulation and that's why we've got the high inflation rate.

Plus, the effects of war also is contributing a lot.

Every single way of defeating inflation will depend on how the governments going to take actions. And as an individual, we also have way of defeating it based on how we deal with it.

That's the worst thing, most of the Government doesn't have any plan on how to counter inflation, they are too busy stealing the money of people while watching them suffer on poverty, that's the reality of most government around the world, lucky if you're in a country that has a good governance. Inflation could be prevented, but if the cause of inflation is the lack of action of the government, then nothing would happen, it will just become worst every single day.

[Webetcoins]

1. Plan your expenses wisely
2. Don't spend unnecessary
3. Deposit money in a high-yielding savings account
4. Never panic in any situation during inflation

If you did the numbers 1 and 2, then you are well prepared if ever an inflation will hit and the number 4 will now be easier for you. For the number 3. Isn't that very risky? I don't know why but the first thing that came to my mind when you say high yield are those scams in defi but there might still be legit companies which can offer a nice apy or return of investment.

Investing in crypto seem to be a better thing to do before those. Cryptos are also known to be a hedge to the inflation. I only don't know if what the op was saying is legit and can help combat the inflation but he only mentioned U.S there. What about other countries?

[Findingnemo]

An easy way to overcome inflation

Inflation exists just because of the secondary currency, if all US states eliminate their secondary currency and make the dollar their base currency, it can help control inflation. Because when the dollar is a base currency the devaluation can be bypassed(just because after that, if a European country wants to do business with you, then it has to buy dollars.). The wages can be increased and businesses can be grown fast.

The example you are proposing reminds me of something similar to the Rubles when all countries sanctioned then Russia announced that countries can only buy oil and gas from Russia with rubles only which stopped the inflation but it really made it as the strongest currency? No it is not, its just a move to stop their currency from going to zero.

But there is an actual way to stop the inflation of dollar and every other fiat currency which is stop printing them.

[crzy]

The even U.S. or any government will continue to print unlimited fiat without considering other things?
It looks like a bricks that will fall. Supply is still unlimited, it's still difficult though.
For me, there are still lot of ways how to overcome if you will start from your self, there are lot of ways.

Government will never stop from printing money, because if they do the supply will become more limited and it can affect everything. We can’t also dictate to other countries to just use USD alone and not to have their own fiat money, because USD is not the only basis. To overcome inflation you must invest your money instead of putting it in a bank, investing seems effective on beating the inflation. Inflation can’t be stop as well, I guess it will always be part of economic problem of every country.

[Hypnosis00]

There is market inflation because we are manipulated by and control the government, fiat lies in the hands of these government officials, unlike Bitcoin.
We have no way to stop this and do it against the government well for we are just about to fail. And besides, this issue has existed for many years, and look?  We found no escape from this, as long as we are using fiat money, inflations come and the only thing we do is to accept and deal with it.

It gonna be worse in the future.

[iv4n]

There is market inflation because we are manipulated by and control the government, fiat lies in the hands of these government officials, unlike Bitcoin.
We have no way to stop this and do it against the government well for we are just about to fail. And besides, this issue has existed for many years, and look?  We found no escape from this, as long as we are using fiat money, inflations come and the only thing we do is to accept and deal with it.

It gonna be worse in the future.

It will be much harder before it gets better! I agree with that, simply said things are reaching their peak and I am not sure how will that escalate! We can create theory conspiracies and think about the possible outcomes but that's just fog, we don't know all the facts. Winter is coming and things are going to get a lot worse...

It's simple by the way. If we depend on monthly income only (in any fiat currency) and we don't have for investing in gold, real estate, anything valuable, or Bitcoins (a new thing) inflation will eat us! But who has money for investing? How many people can afford to spend some money on gold (anything else valuable) each month and have enough for all other needs? Sadly, it's just a little percent...

[blockman]

1. Plan your expenses wisely
2. Don't spend unnecessary
3. Deposit money in a high-yielding savings account
4. Never panic in any situation during inflation

Add a source of income to defeat inflation or at least you're able to cope with it. And do everything to save as much as you can, through spending on things that you only need.
Depositing your money in high-interest rates, make sure that those interest rates are even higher and a bit from the inflation rate because if not, that doesn't make sense and it's better to invest somewhere else.