An easy way to overcome inflation

[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.