Currencies are Collapsing Everywhere.

[Editbar]

The Dollar Index hit 114.5 so that's the day which the basket of currencies that the dollar is weighted against and that is incredibly high so also the dollar is downtrend the RSI broke its downtrend which is pretty bad news for the rest of the global currencies like the pound did you see what the pound did so the pound fell to a record low of 1.03 and the dollar so I'm going to go over the British pound against the US the dollar quick brings you back to the 1800s  during the

In the 1800s there it was five dollars to one

British pound the Napoleonic Wars 3.62 now going all the way to World War Two it was 3.25 dollars to the Great British pound now you had the great financial crisis

that was 1.35 Brexit which was 1.2 and
then right now you have 1.03 Ben Richards you've probably seen him on.

we are seeing a complete control
demolition of the entire economy
plus I think what they're going to be
doing is bringing out a central bank
the digital currency so the more that they
can make these currencies destabilize
the more that people will accept a
central bank digital currency that is
very stable but over the long run you

know they can decrease the value of it

easily and there's no

transparency whatsoever they are

frothing for a CBD right now.

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[uneng]

Central banks can do anything they want, but nothing is going change the fact fiat currencies will colapse at some point, because their system has been unsustainable since the beginning.

CBDCs can be introduced, but they mean nothing different from fiat. In fact it is just a digital crypto version of fiat currencies which will remain centralized and devalued by inflation. I believe the reason central banks are going for CBDC is because it will be easier to track and control citizens' funds. It's an efficient tool against money evasion.

[zasad@]

The dollar index cannot grow for a long time and soon speculators will buy cheap assets for an expensive dollar. People no longer trust banks, because you can lose money at any time. The CBDC will make it easier for regulators to control finances, and most banks will be forced to close or become subsidiaries of larger global banks.

[KingsDen]

The dollar index cannot grow for a long time and soon speculators will buy cheap assets for an expensive dollar. People no longer trust banks, because you can lose money at any time. The CBDC will make it easier for regulators to control finances, and most banks will be forced to close or become subsidiaries of larger global banks.

Currencies are collapsing on a serious note and one fun thing about it is that people whose currencies are affected are busy buying dollar thinking that dollar is a safe haven since it seems that it's gaining strength against other currencies.
But all these makes me scared and like I am so much scared that the financial system could collapse. I don't know if I'm going weird or I'm in order.
In the crypto,  anything that goes up must surely come down, I don't know if this will apply to dollar because dollar is very much over bought and the ending result might not be funny to the world economy.

[theskillzdatklls]

It's all absolutely crazy. Europe is a total shitshow right now:



And all of that is happening while the US is showing their fake CPI on 8.x% prints (but really around 17% when using original data).

But because of so much QT, there's not enough money to flow into crypto. Even if there were, it probably wouldn't. Because crypto isn't a true safe haven because there's not much that people can do with it still, yet.

I do continue to believe crypto is one of the best places to store wealth, but things are very whack right now for sure. Especially with this upcoming winter.

[YUriy1991]

I think it's also important to remember that all of this happens due to a variety of factors, most of which are beyond our control. In other words, if history has shown us anything, it is that the global economy is cyclical and far more complex than many people think.

This event will happen at some point in the near future, and it will lead to a financial crisis that changes the world and The next few years are likely to be very volatile, and it will be more important than ever for people to plan for the worst.

I think the key to dealing with a volatile market is to be prepared for what might happen next and knowing how your assets will handle it.

[adaseb]

Yes and this is a big problem. People are expecting the fed to stop rising rates because they are seeing cracks forming. And they are expecting the fed to slightly lower interest rates also. However this is not good if inflation prints are still high. Here in Canada we are getting expensive gas prices again even crude oil is down.

Housing is a problem because rents are high. Way too many new landlords out there who are renting out or AirBNB and this is what is causing this housing shortage and increased rents. And there is food prices. You got no choice but to buy food so this affects everyone. Not looking good honestly.

[pooya87]

It is not "everywhere" it is mainly in US and Europe that the currencies are dumping hard. In other places things are normal meaning they have the same inflation they had before without it changing or some currencies actually went up. Russian Ruble is a good example that has been soaring and last I checked it had reached a 5 year high.

As for CBDC, I don't see how that's any different though. Their price is the same as the local fiat the country has not something different. Not to mention that if the banks aren't observed well enough, they could actually be increasing the liquidity (print more money than they should) and cause more inflation so these currencies dump even more.

[Gyfts]

But because of so much QT, there's not enough money to flow into crypto. Even if there were, it probably wouldn't. Because crypto isn't a true safe haven because there's not much that people can do with it still, yet.

The federal reserve was trying to play a balancing game with inflation and their hope was to not slam the breaks in hopes of avoiding a recession -- call it a soft landing if you will. Seeing as the USD inflation rate is still out of control regardless of the interest rates, fed will avoid the soft landing and accept that recession is unavoidable. To your point on money flowing to crypto, I think if the U.S. economy is thriving, then the crypto industry compartmentalized within is thriving. Obviously the U.S. economy is in ditch, and so is Bitcoin's current price.

I'm patiently waiting the Q3 GDP reports, I'm predicting a bloodbath.

[hugeblack]

Have you measured that currencies are collapsing based on what happened to the pound sterling, which did not fall much if compared to the currencies of many countries.
The policies followed by Britain at the present time seem chaotic, so the results directly affect the price, but this does not mean that this will continue for a long time.
As for what will happen in the rest of the currencies, the reason is most likely to be the monetary tightening policy followed by the United States, but within a year or two things will return to normal.

[theskillzdatklls]

But because of so much QT, there's not enough money to flow into crypto. Even if there were, it probably wouldn't. Because crypto isn't a true safe haven because there's not much that people can do with it still, yet.

The federal reserve was trying to play a balancing game with inflation and their hope was to not slam the breaks in hopes of avoiding a recession -- call it a soft landing if you will. Seeing as the USD inflation rate is still out of control regardless of the interest rates, fed will avoid the soft landing and accept that recession is unavoidable. To your point on money flowing to crypto, I think if the U.S. economy is thriving, then the crypto industry compartmentalized within is thriving. Obviously the U.S. economy is in ditch, and so is Bitcoin's current price.

I'm patiently waiting the Q3 GDP reports, I'm predicting a bloodbath.

I think preliminary data is already in, and Q3 is soft confirmed to be another negative quarter making 3 in a row now.

Of course, due to partisan reasons, strong arming the NBER, the midterms, this data will be slow to release to the public.

[bittraffic]

they are frothing for a CBD right now.

Sounds like a plan. But What we need by now to establish trust is a currency that is backed by Gold. If its just CBDC, it will not be a good thing still. I doubt people will be going for it.

While on the other side Russia and China are planning to have thier own system similar to Bretton Woods Agreement which they also have BRICS bank and probably something like IMF as well.

[Smitty Werben Man Jensen]

Dollar is making the markets go  wierd. Euro fell to the level of dollar, yen fell. So did other major currencies. The reason is simple rise of interest rates by federal banks. Hope it will end soon...

It is a fact that the market is chaotic and for sure there are many reasons,
this condition is certainly not easy and surely we all hope this can end soon,
let's follow the progress and see what it will be like

[davis196]

Many economists think that having a strong currency is a bad thing.
Weak and devalued currencies make the exported goods and services cheaper and the imported goods more expensive.
Having a devalued currency can help for achieving an active trade balance of a country(according to some economists).
I don't agree with this theory. The US dollar is getting weaker, but the trade balance of the USA is still negative.
Maybe this is due to the US dollar being a more of global currency, rather than a national currency.
There are many factors, that determine the value of the fiat currencies. We can't explain the movements on the fiat currency markets with the interest rate hikes only.
Fiat money might be losing their value everywhere, but it seems that crypto isn't gaining any value anywhere.

[palle11]

Printing a lot of money makes people to realize the real value of a fiat money and that’s why many countries already on a trial phase with regards to their digital money with a hope that this can help solve the problem they are experiencing right now. Many countries already turned down USD as they reserve, and soon many will do this as well. CBDC is a good option for the government to stay control, because if they lose control over their people, they will collapse badly.

Strengthening of individual currency is not going to be from cbdc. The government of different countries that are introducing that are doing so to try and hold to their currency, to try to regulate it and monitoring but they are failing in the total aim of preserving the value of the currency when they still allow the dollar in flow of the currency for use in the country. The dollar is now determining the value of the local currency, this is the problem for some of those countries but their government not recognizing that. However, I have read some countries have strict rule against the use of dollar or exchange of it or where it will be seen except when necessary. In such countries, the use of dollar is strictly for international purposes and not to be found with individuals in homes or government officials.

[Fortify]

The Dollar Index hit 114.5 so that's the day which the basket of currencies that the dollar is weighted against and that is incredibly high so also the dollar is downtrend the RSI broke its downtrend which is pretty bad news for the rest of the global currencies like the pound did you see what the pound did so the pound fell to a record low of 1.03 and the dollar so I'm going to go over the British pound against the US the dollar quick brings you back to the 1800s  during the

In the 1800s there it was five dollars to one

British pound the Napoleonic Wars 3.62 now going all the way to World War Two it was 3.25 dollars to the Great British pound now you had the great financial crisis

that was 1.35 Brexit which was 1.2 and
then right now you have 1.03 Ben Richards you've probably seen him on.

know they can decrease the value of it

easily and there's no

transparency whatsoever they are

frothing for a CBD right now.

It's a blend of the US economy doing extremely well, along with quantitative tightening (aka not printing money at the vast scales we saw through Covid and before). The US has relative energy independence as well when you compare it to Europe, while they also produce a lot of high end products which are sold elsewhere. It's actually rather damaging to America in the long run to have a surging dollar because it makes their exports less attractive to overseas buyers in future. We're seeing the UK government destroy their economy through incompetent policy rollouts, while Europe is struggling in the midst of the energy crisis and war on it's borderline region.

[jossiel]

Well, it has something to do with the reset and it happens and we've been so long not experiencing it so the FED has the first move of it. I thought that it'll start exactly during the pandemic but it has took 2 years before they initiated it.

Thinking on how it is easy for the FED to control the entire market and economy of the world by just increasing the rates. Despite them have printed a lot of money still, it's like they're having the control of it.

It's like majority of the countries are being sanctioned by them.

[Vaskiy]

Countries are pushing to develop their own CBDC, taking into account the best way to have control over the people's money. Very few countries are in the exception list, while majority of the countries face the currency value collapse. In most of the countries election time controversy is going to be the collapsing currency value. In my country a major variation is experienced against dollar and hope this will be a big problem for the ruling government in the upcoming election.

[Republikcoin.com]

It is a fact that the market is chaotic and for sure there are many reasons,
this condition is certainly not easy and surely we all hope this can end soon,
let's follow the progress and see what it will be like

What developments to follow if you yourself say the market is in chaos?
I'd like to know some of the reasons you might know about the cause of the market turmoil you're talking about. Try to express it here so that the discussion becomes more interesting because everyone at this time has a different view of market conditions and also the condition of the world economy.

[livingfree]

Countries are pushing to develop their own CBDC, taking into account the best way to have control over the people's money. Very few countries are in the exception list, while majority of the countries face the currency value collapse. In most of the countries election time controversy is going to be the collapsing currency value.

Even if they push to have their own CBDCs, nothing that much change as the only change that can be seen with that develop is they've migrated some of their fiat's supply into the internet and made it digitally.

In my country a major variation is experienced against dollar and hope this will be a big problem for the ruling government in the upcoming election.

It's happening to most countries because we're all suffering with the fed's increased rate and we'll how the world will react again as they've called for an emergency meeting today.

[kesmex]

It is a fact that the market is chaotic and for sure there are many reasons,
this condition is certainly not easy and surely we all hope this can end soon,
let's follow the progress and see what it will be like

What developments to follow if you yourself say the market is in chaos?
I'd like to know some of the reasons you might know about the cause of the market turmoil you're talking about. Try to express it here so that the discussion becomes more interesting because everyone at this time has a different view of market conditions and also the condition of the world economy.

Yes, I think we agree that the current global economic condition is not doing well.
besides that inflation also occurs everywhere and it indirectly has an impact on the crypto market,
negative news keeps the market going down

[Swordsoffreedom]

Central banks can do anything they want, but nothing is going change the fact fiat currencies will colapse at some point, because their system has been unsustainable since the beginning.

CBDCs can be introduced, but they mean nothing different from fiat. In fact it is just a digital crypto version of fiat currencies which will remain centralized and devalued by inflation. I believe the reason central banks are going for CBDC is because it will be easier to track and control citizens' funds. It's an efficient tool against money evasion.

If I remember correctly, fiat money has been around for a long time, China has established a fiat money system since the 13th century. While Europe used fiat from the 17th century but then also met some failures, it was not until the 20th century that the United States used fiat again and over the years fiat was also widely used in the world. It can be said that the fiat empire may collapse in the future but instead will be another currency created and controlled by the government, they are not so different in nature. So I don't think fiat will collapse but evolve, upgrade to something better but the essence remains the same. Maybe as you say CBDC will be the next version of currency but they are no different from fiat currencies today.

[DrBeer]

Over the past 3 years, the world has received several severe stresses, which of course led to the stagnation of the economy and, as a result, the depreciation of local currencies.
- Covid-19. The strongest blow to local economies. The fall of industrial production, the shutdown of a huge number of enterprises, and the chain reaction of the stoppage of related businesses. Destruction of the economy and a huge burden on the social budget.
- A new round of terrorist war unleashed by Russia against Ukraine. Which led to a crisis in the market of wheat and other crops grown in Ukraine and Russia. This is without taking into account the hundreds of thousands of Ukrainian citizens killed by terrorist troops from Russia. Also destroyed a significant part of the industry of Ukraine. Also, the West is forced to provide Ukraine with huge financial and technical assistance. Forced - because they want Ukraine to stop Russian state terrorism on its territory. The EU does not want war, it is easier for them to "pay off" with money than to allow war into their countries.
 - A new round of economic terrorism against the EU, unleashed by Russia. First of all, in the energy market.

[zasad@]

I found inflation statistics
https://twitter.com/stats_feed/status/1575875921231630336?

"Euro area inflation rates (%):

Estonia 🇪🇪 24.2
Lithuania 🇱🇹 22.5
Latvia 🇱🇻 22.4
Netherlands 🇳🇱 17.1
Slovakia 🇸🇰 13.6
Greece 🇬🇷 12.1
Belgium 🇧🇪 12
Austria 🇦🇹 11
Germany 🇩🇪 10.9
Slovenia 🇸🇮 10.6
Portugal 🇵🇹 9.8
.
.
Finland 🇫🇮 8.4
Malta 🇲🇹 7.3
France 🇫🇷 6.2"

There are big problems in the European Union, and if another country decides to do Brexit, then this system will quickly fall apart.

[BuNga_cute]

It is a fact that the market is chaotic and for sure there are many reasons,
this condition is certainly not easy and surely we all hope this can end soon,
let's follow the progress and see what it will be like

What developments to follow if you yourself say the market is in chaos?
I'd like to know some of the reasons you might know about the cause of the market turmoil you're talking about. Try to express it here so that the discussion becomes more interesting because everyone at this time has a different view of market conditions and also the condition of the world economy.

Yes, I think we agree that the current global economic condition is not doing well.
besides that inflation also occurs everywhere and it indirectly has an impact on the crypto market,
negative news keeps the market going down

It's true that too much negative news has emerged this year, that's why the market is difficult to recover. Many investors panic and sell their assets
at low prices, which only makes their situation worse. We should be able to be wise and do not immediately panic seeing a bad market situation.
Moreover, the market crash is not the first time this has happened, so don't be pessimistic about what has happened this year. Because this
bad situation is only temporary, we have to believe the market will definitely recover, all we have to do is be patient with this situation.
We can take advantage of the ease of internet access to find side jobs so that our income increases. Then use the extra money we have to buy
some top coins for long-term investments. By doing that, I believe that our economy will slowly improve, although I admit that doing so will not be easy.

[avikz]

It's quite common for high inflation regime. It effectively reduces the purchasing power of any currency. Imports become costlier, internal transportation cost increases and the same trend follows for the commodities. There are couple of ways to control it and central banks everywhere are taking actions accordingly.

Now I see some people are vouching for CBDC to control it but you need 5o understand that CBDC is just a digital version of the main currency so it's not helpful either. But this is the best time to enter into stock market for medium to long term.

[fullhdpixel]

Countries are pushing to develop their own CBDC, taking into account the best way to have control over the people's money. Very few countries are in the exception list, while majority of the countries face the currency value collapse. In most of the countries election time controversy is going to be the collapsing currency value. In my country a major variation is experienced against dollar and hope this will be a big problem for the ruling government in the upcoming election.

They are turning digital as well. They know that there are so many digital currencies right now but that didn't stop them from creating their own. I think they simply don't trust the others. Cbdc's are like a digitalize versions of fiat money so anyone who uses it are still in control of the government or banks.

For now only a few countries are doing this but I believe that the list can extend later on. I can see this as the next big trend here in the online world or in cryptos since they have some relation somehow. I don't think having a cbdc can be the solution of a collapsing currency of a country. They aren't the same as a crypto that has a limited supply.

[Stella Mese]

the value of the currency continues to decline in value. even that happens continuously from year to year. not just when there is inflation. But now inflation is getting worse, so inflation makes the decline in value faster than usual. that's why storing the value of assets in fiat money is a risky thing if stored for a long time. we can see the decline in value from the price of gold. if 20 years ago gold was not as high as it is now. well now the price of gold really continues to increase albeit slowly. and it's not actually the gold price that has increased but the value of the currency has decreased. because the value of gold is still fixed. and the value of money decreases, it looks like the value of gold has increased. when in fact the value of the fiat is decreasing.

[iv4n]

These days I saw some interviews with "our beloved" president and his minions! They are talking about Euro and if the EU doesn't act and let Euro go deeper my country and other satellite countries can suffer a lot. Inflation is already high here, things are getting more expensive on weekly basis... printing more money is probably the worst option, but is there anyone who thinks that politicians care about that?!

Well, I guess it's time to move from dollar and euro, probably a lot safer options are gold and Bitcoin! If the world chooses crypto it will be a real fiesta after the next halving!

[TimeTeller]

It's quite common for high inflation regime. It effectively reduces the purchasing power of any currency. Imports become costlier, internal transportation cost increases and the same trend follows for the commodities. There are couple of ways to control it and central banks everywhere are taking actions accordingly.

Now I see some people are vouching for CBDC to control it but you need 5o understand that CBDC is just a digital version of the main currency so it's not helpful either. But this is the best time to enter into stock market for medium to long term.

But if you are going to invest in the stock market, you need familiarity what stocks are worth investing long term.
In that case, you need to understand also their market performance throughout the years and their possible future.

the value of the currency continues to decline in value. even that happens continuously from year to year. not just when there is inflation. But now inflation is getting worse, so inflation makes the decline in value faster than usual. that's why storing the value of assets in fiat money is a risky thing if stored for a long time. we can see the decline in value from the price of gold. if 20 years ago gold was not as high as it is now. well now the price of gold really continues to increase albeit slowly. and it's not actually the gold price that has increased but the value of the currency has decreased. because the value of gold is still fixed. and the value of money decreases, it looks like the value of gold has increased. when in fact the value of the fiat is decreasing.

Diversification of your funds, will help you keep afloat during this high inflation.
And one is investing in gold and other valuable metals. You can also take a look in real estate properties.
Because if you think the price of gold is not really increasing, real estate however, continues to increase over the years.

[Cookdata]

Inflation is very bad and I think most countries are experiencing their worst cases that has happened before 20 years ago which I hope should have all by now recovering but we all know there is a war ongoing that the other parts of countries have neglected, the FED is also part of the whole stuffs but politics aside, Russian currency has been getting some values over US, that will be at advantage for them to pay back their debt as if they stole it from them.

I think after this global recession, I’m very certain that country like mine will want to remove a certain currency out of the circulation, because those kind of currencies wouldn’t be able to buy anything again in the country.

[Hydrogen]

Unfortunately, currencies are usually mirrors of a nation's economy. If a currency collapses, it is only a reflection of the state of the union.

It is common for the majority to inadvertently support things which are bad for their own job markets, economy and standard of living. Which means that the biggest gains and improvements can be made by average and ordinary people making a bare minimum effort to follow current events and be better informed. To an extent, we are seeing this occur. Public consciousness has improved by leaps and bounds since the Trump vs Hillary race in 2016.

People appear to be evolving. Becoming better informed and more knowledgeable all of the time. Part of this has to do with the majority not paying much attention to politics in previous years. Once people felt forced to follow politics and current events more closely by the global pandemic and similar trends. They began to learn at an accelerated rate.

While our situation may not be ideal. At least we might find hope in the trend of people learning and becoming more mindful about how politics can affect their daily lives. People are definitely becoming smarter and more knowledgeable on the economy, finance and similar topics. In that sense perhaps we will witness linear improvement.

[The Sceptical Chymist]

Is this a new alt of Polo7 and the rest of the usernames I can't recall at the moment?  The writing style and content look very much like it is--and I'm sure as soon as people tune out to Editbar, there's going to be another account popping up in the Economics section spouting the same stuff.  OP, your response?

Central banks can do anything they want, but nothing is going change the fact fiat currencies will colapse at some point, because their system has been unsustainable since the beginning.

That may well be true, but I don't think either one of us is going to have to worry about the entire fiat system (and I'm talking globally) collapsing in our lifetime.  I've been hearing predictions to that effect for years now, and I'm sure such predictions were being made well before I was born.

I don't know if things were better on the gold standard or not, but it doesn't seem like there's any way to go back to something like that, where money is backed by something more valuable than a country's word or the size of their military, if you know what I mean.  Then again, nothing is backing bitcoin and it's a form of money, an asset, and a store of value....so who knows?

If CBDCs become the norm and the government has unrestricted access to everyone's financial records, that's just one step closer to the world becoming a dystopian pit of misery straight out of George Orwell's imagination.

[Xampeuu]

Inflation is very bad and I think most countries are experiencing their worst cases that has happened before 20 years ago which I hope should have all by now recovering but we all know there is a war ongoing that the other parts of countries have neglected, the FED is also part of the whole stuffs but politics aside, Russian currency has been getting some values over US, that will be at advantage for them to pay back their debt as if they stole it from them.

I think after this global recession, I’m very certain that country like mine will want to remove a certain currency out of the circulation, because those kind of currencies wouldn’t be able to buy anything again in the country.

the war will accelerate inflation, especially for European countries that are experiencing an energy crisis. the longer the fiat currency seems to have no price, therefore of course later when conditions have peaked something new will emerge to overcome the problem of fiat currency if it is deemed no longer relevant. but for now I think fiat currency still has the trust of the government, so the government still prohibits the use of other alternative currencies

[zasad@]

Inflation is very bad and I think most countries are experiencing their worst cases that has happened before 20 years ago which I hope should have all by now recovering but we all know there is a war ongoing that the other parts of countries have neglected, the FED is also part of the whole stuffs but politics aside, Russian currency has been getting some values over US, that will be at advantage for them to pay back their debt as if they stole it from them.

I think after this global recession, I’m very certain that country like mine will want to remove a certain currency out of the circulation, because those kind of currencies wouldn’t be able to buy anything again in the country.

There are 2 exchange rates in Russia: official and real. If the exchange rate of the Central Bank is 60 rubles per dollar, then you can actually buy a dollar for 68-70 rubles. And so with many currencies, although the main currencies are the dollar and the euro. Many economists say that the price of the ruble will fall by the end of the year because it is unprofitable for the economy.

[so98nn]

More or less bitcoin has something to do with the economy that’s failing in centralised way. Obviously we can’t put all the credits ( ) to bitcoin because it’s still flourishing and putting its efforts to grow all over the world. With the bitcoins decentralised monetary system huge sum of money is now vanished in the world of crypto space and thus it just sown the seed of instability amongst traditional banking system. Peeps now know that they don’t need banks all the time to save up money, they can do with alternate ways too.

However, as we passed pandemic and on going war, everything seems to be crumbling upon itself in terms of financial management.

As the inflation will grow ultimately dollar index will rise because most of the developing countries will loose lot of value in the process as they could not tackle the inflation.

[Republikcoin.com]

Inflation occurs anywhere because the government or central bank is too free to print banknotes, when the amount or stock of money is too much, it will cause serious and complicated problems, back like ancient times using gold and silver is the best solution to avoid inflation.

The occurrence of inflation also has causes and effects basically because inflation will not just happen without any cause and one of them is what you say. But to deal with it by returning to using gold and silver at this time is a bit difficult in my opinion because generally everyone still uses paper money to do the necessary shopping even though the price of goods has started to increase and the value of the currency has started to decline.

And in my opinion a more effective way to deal with this inflation problem is to lower the price of basic goods or raw goods so that the cost of producing goods or the cost of processing finished goods decreases which in the end the price of goods that are finished and ready to be consumed by everyone is no longer expensive.

[FanEagle]

Inflation is a good thing normally, in a small amount because that means you are growing as a nation and you should be growing. When you get like 2% inflation rate stable for decades without ever going above or below it, that means you are growing and you could get that much increase on your salary as well, plus some promotions time to time (not every year but hopefully every 5 years at worst case) and that means you are going to increase a lot more during those years, all of which equals to you becoming richer and richer.

But, when you have 10%+ inflation and 5% increase on your salary, there isn't really an increase, it’s a drop, and people need to realize that, and this causes us to get worse.

[Silberman]

Inflation is a good thing normally, in a small amount because that means you are growing as a nation and you should be growing. When you get like 2% inflation rate stable for decades without ever going above or below it, that means you are growing and you could get that much increase on your salary as well, plus some promotions time to time (not every year but hopefully every 5 years at worst case) and that means you are going to increase a lot more during those years, all of which equals to you becoming richer and richer.

But, when you have 10%+ inflation and 5% increase on your salary, there isn't really an increase, it’s a drop, and people need to realize that, and this causes us to get worse.

The issue is that while this is the ideal that central banks strive for, it never happens, if we had a very long period in which the inflation was that low then you may have a point, but roughly each decade there is an economic crisis and the levels of inflation become higher than that, and it is fair to question us how long will high inflation last this time around? As even a few years of double digit inflation can be more than enough for a lot of people to lose a great deal of their wealth as their money is not invested in a store of value, and that is assuming inflation comes under control relatively soon which is a scenario which does not seem that likely right now.

[Kimonoe]

Inflation is a good thing normally, in a small amount because that means you are growing as a nation and you should be growing. When you get like 2% inflation rate stable for decades without ever going above or below it, that means you are growing and you could get that much increase on your salary as well, plus some promotions time to time (not every year but hopefully every 5 years at worst case) and that means you are going to increase a lot more during those years, all of which equals to you becoming richer and richer.

But, when you have 10%+ inflation and 5% increase on your salary, there isn't really an increase, it’s a drop, and people need to realize that, and this causes us to get worse.

The issue is that while this is the ideal that central banks strive for, it never happens, if we had a very long period in which the inflation was that low then you may have a point, but roughly each decade there is an economic crisis and the levels of inflation become higher than that, and it is fair to question us how long will high inflation last this time around? As even a few years of double digit inflation can be more than enough for a lot of people to lose a great deal of their wealth as their money is not invested in a store of value, and that is assuming inflation comes under control relatively soon which is a scenario which does not seem that likely right now.

During what I'm experiencing right now, where the high inflation rate is not proportional to the salary increase, even the salary does not increase, even then I can still be grateful, because many of our friends have experienced layoffs due to the increasingly difficult company situation. therefore we need to follow technological developments to get other sources of income, currently many online businesses are developing, because if it is to regulate inflation rates and global economic developments, it is not our domain.

[Ani1985]

Of course the paper money system is a lot of weaknesses, no matter how strong control from the country will not be able to control inflation or decline Hal, but after 13 years now the goods I bought rose more than 400%.

[Kakmakr]

Inflation are the "Currency killer" in the current global market... and governments can do whatever they want to manipulate it, it just comes back and eat the value of the currencies. You can only rise or lower interest rates and print "toilet paper" money for so long, before everything comes apart.

Our global economy are being bombarded from all sides, with Covid and Monkey viruses and also the Russia/Ukrainian conflict... and it's drawing blood from the Milk cow at an incredible rate. (Sooner or later the cow will die)

[TribalBob]

Economic downfall is we are seeing right now and because of Inflation countries are struggling hard to survive this year economic crisis. This is just the beginning of this suffering we are experiencing right now and all year long we can see more and this is where bitcoin will come in wherein it has a great solution towards inflation problems that the government manipulate with as they are doing right now printing unlimited cash to fight the inflations.

Inflation can continue if  Fed raises interest rates again, the world will be threatened with starvation, small countries collapse because they have to survive,
Here I hope the government can provide the best solution in addressing the impact of this inflation, maybe like ur say

[wxa7115]

Inflation are the "Currency killer" in the current global market... and governments can do whatever they want to manipulate it, it just comes back and eat the value of the currencies. You can only rise or lower interest rates and print "toilet paper" money for so long, before everything comes apart.

Our global economy are being bombarded from all sides, with Covid and Monkey viruses and also the Russia/Ukrainian conflict... and it's drawing blood from the Milk cow at an incredible rate. (Sooner or later the cow will die)

True, however governments always believe they have mastered the ability to print as much money as they want with no consequences for themselves and the currencies they print.

It is only when they begin to see the effects of inflation when they realize that maybe they are not as smart as they thought they were, but by the time they do this they are already on a path from which there is no escape and in which they will have to keep printing more and more money just to keep themselves afloat, until one day it is too much for the system to bear and we see a collapse of fiat currencies all over the world.

[Despairo]

Alright, everyone know fiat will collapse due to high inflation, but does everyone stop using fiat money? nope. Actually you don't have any choice and the government will force everyone to use fiat since every marketplace and stores accept fiat, not Bitcoin. Only few countries that make Bitcoin as a legal tender is accepting Bitcoin as a currency.

Don't over hate against fiat money if you're still use it, if you can prove everyone you can life without fiat especially where Bitcoin is got banned on that's country, you can prove it here.

[pooya87]

Inflation is a good thing normally, in a small amount because that means you are growing as a nation and you should be growing.

Wrong. Inflation is actually showing that there is something wrong with the economy since they have been printing more fiat than they should. Otherwise value of fiat wouldn't have dropped in first place causing that inflation.

Alright, everyone know fiat will collapse due to high inflation, but does everyone stop using fiat money? nope.

To be fair the problem is not with fiat or its centralization or the fact that governments force you to use it. The problem is with them printing more of it every day. Even more so in times of crisis when the governments go on a printing spree like during COVID19 or even these days during energy crisis in the West.

[Smack That Ace]

Alright, everyone know fiat will collapse due to high inflation, but does everyone stop using fiat money? nope. Actually you don't have any choice and the government will force everyone to use fiat since every marketplace and stores accept fiat, not Bitcoin. Only few countries that make Bitcoin as a legal tender is accepting Bitcoin as a currency.

Don't over hate against fiat money if you're still use it, if you can prove everyone you can life without fiat especially where Bitcoin is got banned on that's country, you can prove it here.

That's exactly what I was thinking, I know that we are all here for bitcoin and have to admit that bitcoin currently has a lot of advantages over fiat but we do not denigrate and smear fiat while we still use it every day. You have the right to hate fiat, despise it, if you never need fiat and if you can't do it, please don't completely hate it. If fiat is bad, and can't help us against inflation then let's limit its use and find yourself a better solution, for example here we have bitcoin, both are necessary for us so let's use both.

[EarnOnVictor]

What the world is experiencing now has happened many times in the past, only that technology and awareness were not this much to know that they are general. The safe-haven USD is the only currency enjoying the show now, not even the Japanese Yen and Swiss franc, Gold etc. which were supposed to enjoy the same benefits.

Above all, inflation is to be mainly blamed for this, nothing else is so significant, the effect is much and was aggravated by the Russian-Ukraine war that started in February 2022. I believe it is nearing its end, next year would probably conclude that.

[Smitty Werben Man Jensen]

Economic downfall is we are seeing right now and because of Inflation countries are struggling hard to survive this year economic crisis. This is just the beginning of this suffering we are experiencing right now and all year long we can see more and this is where bitcoin will come in wherein it has a great solution towards inflation problems that the government manipulate with as they are doing right now printing unlimited cash to fight the inflations.

Inflation can continue if  Fed raises interest rates again, the world will be threatened with starvation, small countries collapse because they have to survive,
Here I hope the government can provide the best solution in addressing the impact of this inflation, maybe like ur say

Just imagine if inflation continues and is prolonged then it is really difficult,
hunger is everywhere and commodity prices are rising,
the government needs to move quickly before that happens and I understand it's not an easy job to deal with the impact of inflation

[Crypto Legend]

Inflation is something that will be difficult to avoid because most countries use numbers written on paper, there is no guarantor so that the country is free to print money as they count, of course this will be a problem because its value will continue to decrease.

[arwin100]

Many investors look at USD as their safe heaven when there's crisis happening in the world so most provably majority of them bought USD to avoid any problem towards their local currencies. That's why maybe we see almost all of the currencies in the world are collapsing, but for sure this is temporary only and once Ukraine and Russian tension will be over we can provably see the economy or inflation will go back or close to its natural level.

[ShowOff]

$1 = IDR15,354.30 at the current exchange rate. I don't know what the government will do about this problem as IDR continues to lose its value against USD. Obviously inflation has caused problems, the value of the currency is too small against the goods in the market that I can really imagine conditions like this have been very bad.

I have to pay IDR13,900 for 1 liter of Pertamax or any type that has a value of 92 RON "Research Octane Number", and this has really disturbed people's financial problems. There are many other things that have increased in value, I don't know when this ends.

[AmoreJaz]

Economic downfall is we are seeing right now and because of Inflation countries are struggling hard to survive this year economic crisis. This is just the beginning of this suffering we are experiencing right now and all year long we can see more and this is where bitcoin will come in wherein it has a great solution towards inflation problems that the government manipulate with as they are doing right now printing unlimited cash to fight the inflations.

Inflation can continue if  Fed raises interest rates again, the world will be threatened with starvation, small countries collapse because they have to survive,
Here I hope the government can provide the best solution in addressing the impact of this inflation, maybe like ur say

Just imagine if inflation continues and is prolonged then it is really difficult,
hunger is everywhere and commodity prices are rising,
the government needs to move quickly before that happens and I understand it's not an easy job to deal with the impact of inflation

and for people to survive, they don't need to wait for the government's actions. as early as they feel they need to secure themselves, they should. there are so many ways how to save or keep afloat during this type of crisis. first, you need to monitor your expenses and see where you can cut down your spending. discard unnecessary gadgets by selling them, prepare your own food, are just few things you can do to help yourself.

[Furious 7]

and for people to survive, they don't need to wait for the government's actions. as early as they feel they need to secure themselves, they should. there are so many ways how to save or keep afloat during this type of crisis. first, you need to monitor your expenses and see where you can cut down your spending. discard unnecessary gadgets by selling them, prepare your own food, are just few things you can do to help yourself.

Things like this do not need to wait for the government and we also cannot hope that even if the government guarantees the welfare of its citizens it is necessary, but when facing a situation like this we also cannot depend on others.
We have a mind that can be used to do something from now on even though the current financial condition and inflation are threatening, but we can't stay silent while waiting for help because it's better if there is help that comes what in the worst case there is no help.
One's self is the key to sustaining life and there is no need to wait for the help of others to stay alive.

[FanEagle]

The issue is that while this is the ideal that central banks strive for, it never happens, if we had a very long period in which the inflation was that low then you may have a point, but roughly each decade there is an economic crisis and the levels of inflation become higher than that, and it is fair to question us how long will high inflation last this time around? As even a few years of double digit inflation can be more than enough for a lot of people to lose a great deal of their wealth as their money is not invested in a store of value, and that is assuming inflation comes under control relatively soon which is a scenario which does not seem that likely right now.

That is exactly the problem and I agree. I mean inflation was under control for a few years, then this happens again and these man made troubles should be fixed for sure in order to create a more fair world.

If we have inflation at 2% or close every year forever without ever going above (or just a few times at 5% max and never more) then we could definitely handle it, the ones where we have a crisis like 2008 or now were all made by people who gave bad decisions on how to fix things and that’s why it was going so bad. If we keep having these crashes once a decade, you can have any inflation you want in the middle, because it wipes out all the good that has been done in between.

[Wawa2013]

and for people to survive, they don't need to wait for the government's actions. as early as they feel they need to secure themselves, they should. there are so many ways how to save or keep afloat during this type of crisis. first, you need to monitor your expenses and see where you can cut down your spending. discard unnecessary gadgets by selling them, prepare your own food, are just few things you can do to help yourself.

Things like this do not need to wait for the government and we also cannot hope that even if the government guarantees the welfare of its citizens it is necessary, but when facing a situation like this we also cannot depend on others.
We have a mind that can be used to do something from now on even though the current financial condition and inflation are threatening, but we can't stay silent while waiting for help because it's better if there is help that comes what in the worst case there is no help.
One's self is the key to sustaining life and there is no need to wait for the help of others to stay alive.

With the current deteriorating economic situation and happening all over the world, it means that very many people are experiencing
financial difficulties. It is the duty of the government to help its citizens who are experiencing difficulties. The problem is that assistance
from the government often comes too late, or even the aid provided by the government is too low to meet the needs of our lives. That's why
we should  never expect too much from the assistance provided by the government, we must try to be independent and struggle to maintain
our lives.

Because I have always believed that everyone who has a strong desire to succeed, and act optimally with the capacity it has will have a positive
impact on his life. Therefore, never be lazy to try to find income, to at least meet daily needs. In my opinion, people who fail are people who are
lazy to move and rely too much on the help of others. Therefore, if we want to be a successful person, always believe in your own ability to earn
a decent income. We must remember the hard work we do in this life will give positive results.

[ultrloa]

and for people to survive, they don't need to wait for the government's actions. as early as they feel they need to secure themselves, they should. there are so many ways how to save or keep afloat during this type of crisis. first, you need to monitor your expenses and see where you can cut down your spending. discard unnecessary gadgets by selling them, prepare your own food, are just few things you can do to help yourself.

Things like this do not need to wait for the government and we also cannot hope that even if the government guarantees the welfare of its citizens it is necessary, but when facing a situation like this we also cannot depend on others.
We have a mind that can be used to do something from now on even though the current financial condition and inflation are threatening, but we can't stay silent while waiting for help because it's better if there is help that comes what in the worst case there is no help.
One's self is the key to sustaining life and there is no need to wait for the help of others to stay alive.

Only lazy people will rely on governments help and if many people will follow what others did like asking some help then for those to come maybe they suffer from hunger since government action takes time since for sure this will have a delay due to more people seek for help. That's why we need to take action towards this and use our strength to find opportunity to earn money so that we don't need to wait for any help since we can sustain ourselves to buy the things we need.

[carlisle1]

Economic downfall is we are seeing right now and because of Inflation countries are struggling hard to survive this year economic crisis. This is just the beginning of this suffering we are experiencing right now and all year long we can see more and this is where bitcoin will come in wherein it has a great solution towards inflation problems that the government manipulate with as they are doing right now printing unlimited cash to fight the inflations.

Inflation can continue if  Fed raises interest rates again, the world will be threatened with starvation, small countries collapse because they have to survive,
Here I hope the government can provide the best solution in addressing the impact of this inflation, maybe like ur say

Just imagine if inflation continues and is prolonged then it is really difficult,
hunger is everywhere and commodity prices are rising,
the government needs to move quickly before that happens and I understand it's not an easy job to deal with the impact of inflation

and for people to survive, they don't need to wait for the government's actions. as early as they feel they need to secure themselves, they should. there are so many ways how to save or keep afloat during this type of crisis. first, you need to monitor your expenses and see where you can cut down your spending. discard unnecessary gadgets by selling them, prepare your own food, are just few things you can do to help yourself.

Monitoring your expenses will be able to save you or extend your time, saving your money for more important matter will help you to survive
during the inflation, as time move, and the weak economy continue it will be felt all over the world.

You need to help yourself and not to lean much with other people more so with the government, there are more people who also need
assistance and if you will rely on it you'll be suffering more.

[Silberman]

Economic downfall is we are seeing right now and because of Inflation countries are struggling hard to survive this year economic crisis. This is just the beginning of this suffering we are experiencing right now and all year long we can see more and this is where bitcoin will come in wherein it has a great solution towards inflation problems that the government manipulate with as they are doing right now printing unlimited cash to fight the inflations.

Inflation can continue if  Fed raises interest rates again, the world will be threatened with starvation, small countries collapse because they have to survive,
Here I hope the government can provide the best solution in addressing the impact of this inflation, maybe like ur say

Just imagine if inflation continues and is prolonged then it is really difficult,
hunger is everywhere and commodity prices are rising,
the government needs to move quickly before that happens and I understand it's not an easy job to deal with the impact of inflation

and for people to survive, they don't need to wait for the government's actions. as early as they feel they need to secure themselves, they should. there are so many ways how to save or keep afloat during this type of crisis. first, you need to monitor your expenses and see where you can cut down your spending. discard unnecessary gadgets by selling them, prepare your own food, are just few things you can do to help yourself.

Monitoring your expenses will be able to save you or extend your time, saving your money for more important matter will help you to survive
during the inflation, as time move, and the weak economy continue it will be felt all over the world.

You need to help yourself and not to lean much with other people more so with the government, there are more people who also need
assistance and if you will rely on it you'll be suffering more.

Saving fiat is a bad choice right now, inflation is destroying our purchasing power, so if you keep saving fiat and then you want to buy something that you need months down the line it is very possible it is way more expensive than its current price, so if you know you will need something in the future and you have the cash to buy it now there is a case to be made that it makes more sense to buy it now than to buy it later, however you are right when you say that we need to monitor our expenses and stop spending on stuff we do not need, but whatever money we can save needs to be invested in bitcoin or another store of value.

[Furious 7]

Things like this do not need to wait for the government and we also cannot hope that even if the government guarantees the welfare of its citizens it is necessary, but when facing a situation like this we also cannot depend on others.
We have a mind that can be used to do something from now on even though the current financial condition and inflation are threatening, but we can't stay silent while waiting for help because it's better if there is help that comes what in the worst case there is no help.
One's self is the key to sustaining life and there is no need to wait for the help of others to stay alive.

With the current deteriorating economic situation and happening all over the world, it means that very many people are experiencing
financial difficulties. It is the duty of the government to help its citizens who are experiencing difficulties. The problem is that assistance
from the government often comes too late, or even the aid provided by the government is too low to meet the needs of our lives. That's why
we should  never expect too much from the assistance provided by the government, we must try to be independent and struggle to maintain
our lives.

Because I have always believed that everyone who has a strong desire to succeed, and act optimally with the capacity it has will have a positive
impact on his life. Therefore, never be lazy to try to find income, to at least meet daily needs. In my opinion, people who fail are people who are
lazy to move and rely too much on the help of others. Therefore, if we want to be a successful person, always believe in your own ability to earn
a decent income. We must remember the hard work we do in this life will give positive results.

Help is always there but we must also be aware that we cannot live only by relying on aid, not to mention that there are so many corrupt "persons" who have power so that sometimes this assistance will not arrive or may not be right on target.

We can't wait to get life because while we can then do to support our life as long as it doesn't violate the law then this is much better.

[kawetsriyanto]

The real help one can do is to help themselves.
There is no one else who can help you out to survive the rainy days. The only solution of the inflation is to strive for the financial freedom

However, it is a lie if we don't need the government's role. 
Sure, it is a must to do our own efforts to deal with current inflation in every country in the world. At least, we must have varied sources to gain money. It is true that we don't rely on real-life jobs only, we must have online sources such as trading or investing in decentralized ecosystems like crypto. But once again, without support from the government, it is harder to succeed in this. For example; when your government totally bans crypto, you will have no chance to gain money from crypto for sure!!

[Furious 7]

Help is always there but we must also be aware that we cannot live only by relying on aid, not to mention that there are so many corrupt "persons" who have power so that sometimes this assistance will not arrive or may not be right on target.

We can't wait to get life because while we can then do to support our life as long as it doesn't violate the law then this is much better.

The real help one can do is to help themselves.
There is no one else who can help you out to survive the rainy days. The only solution of the inflation is to strive for the financial freedom

In this case it is true, but on the other hand we also cannot completely release the government because we really need their help but in this case we cannot become dependent.
It's hard to deal with things like this without the government's participation, even if we can, it's still a little difficult, but we can't depend on it because it will only make you seem resigned to the situation and don't want to change your fate.

[jostorres]

lowering the price of basic goods or raw goods will not be able to overcome inflation, which must be carried out. because if you lower the price of basic goods or raw materials, later the country can go bankrupt not following the current inflation.
what we have to think about right now even though money inflation is going on is just do what we have to do because right now we still need fiat money for shopping etc. and we don't have to think about how to deal with inflation, it's very difficult.
and more importantly for me keep using fiat money to invest in bitcoin. that's all from me

The idea that you could lower the prices anytime you wish, is beyond realistic anyway. How will the person who sell those basic goods will survive when everything else is going up, and they are still selling for the same price. Milk is one of the things in my nation that stayed the same, and now ranchers are killing their cows to sell for meat instead of milking them, because in the short run it allows them to survive. They can get the meat, and sell it, and buy a new one much younger, baby basically, and grow it, and repeat the cycle and make more profit in the short term, in the long term it's not sustainable of course.

This is why you need to make sure that inflation happens in everything, or nothing. Best would be making sure you increase the interest rates, so that people would remove the money from the markets and inflation slows down.

[ningrum]

Help is always there but we must also be aware that we cannot live only by relying on aid, not to mention that there are so many corrupt "persons" who have power so that sometimes this assistance will not arrive or may not be right on target.

We can't wait to get life because while we can then do to support our life as long as it doesn't violate the law then this is much better.

The real help one can do is to help themselves.
There is no one else who can help you out to survive the rainy days. The only solution of the inflation is to strive for the financial freedom

In this case it is true, but on the other hand we also cannot completely release the government because we really need their help but in this case we cannot become dependent.
It's hard to deal with things like this without the government's participation, even if we can, it's still a little difficult, but we can't depend on it because it will only make you seem resigned to the situation and don't want to change your fate.

everywhere business are in trouble - people are trying to financially stabilize.
That is true - if the government doesn't support it is hard to deal with the things. Struggling in this way is already too difficult

It's true whether it's a big business or a small business they are in trouble when the conditions are like this,
of course the business is trying and struggling to stay afloat and it's not an easy job,
The government really needs to be present in situations like this

[m2017]

There is nothing surprising in the fact that currencies around the world are collapsing. This is the most common process, but now it is greatly aggravated due to various events taking place in the world. In general, money always depreciates, this is their peculiarity. Money was not created to accumulate wealth. It is a trading tool. Whatever currency you take, they all depreciated (throughout their history), except for crypto currencies. Although the time of existence of crypto currencies is short and it is still difficult to draw conclusions, but at the moment, bitcoin only does what is growing in price. Yes, with falls, but in general it is growing, which proves the uniqueness of this and the difference from traditional currencies around the world.

[jostorres]

Only lazy people will rely on governments help and if many people will follow what others did like asking some help then for those to come maybe they suffer from hunger since government action takes time since for sure this will have a delay due to more people seek for help. That's why we need to take action towards this and use our strength to find opportunity to earn money so that we don't need to wait for any help since we can sustain ourselves to buy the things we need.

I think the collapse of the currencies are also the fault of the governments. People blame them and they wait for the government's actions to solve the mess that they create but for some people who think are independent enough, they will try to look for ways to survive. Seeking for an extra job to earn more money can be one of the solution for this but it would be better if we prefer jobs which are paid by other currencies which aren't affected by the collapse.

Cryptos are a perfect example for this. If it's not possible for some people to do that, then they can always work on the job they like and get paid with fiat and then use the fiat to buy a crypto.

[Silberman]

Only lazy people will rely on governments help and if many people will follow what others did like asking some help then for those to come maybe they suffer from hunger since government action takes time since for sure this will have a delay due to more people seek for help. That's why we need to take action towards this and use our strength to find opportunity to earn money so that we don't need to wait for any help since we can sustain ourselves to buy the things we need.

I think the collapse of the currencies are also the fault of the governments. People blame them and they wait for the government's actions to solve the mess that they create but for some people who think are independent enough, they will try to look for ways to survive. Seeking for an extra job to earn more money can be one of the solution for this but it would be better if we prefer jobs which are paid by other currencies which aren't affected by the collapse.

Cryptos are a perfect example for this. If it's not possible for some people to do that, then they can always work on the job they like and get paid with fiat and then use the fiat to buy a crypto.

Without a doubt taking a passive approach is a mistake right now, many people I know have the attitude that if there is a problem then the government needs to do something to fix it, but what happens when it is the government the one that is causing the trouble? Who is going to fix it? And even if it happens the losses you will suffer in the process are simply too big, as such since we can see that the economic crisis is going to get worse then it is time look for currencies which can resist what is coming, and bitcoin is a good option we can use in order to do this.

[odunybiz]

The dollar index cannot grow for a long time and soon speculators will buy cheap assets for an expensive dollar. People no longer trust banks, because you can lose money at any time. The CBDC will make it easier for regulators to control finances, and most banks will be forced to close or become subsidiaries of larger global banks.

Currencies are collapsing on a serious note and one fun thing about it is that people whose currencies are affected are busy buying dollar thinking that dollar is a safe haven since it seems that it's gaining strength against other currencies.
But all these makes me scared and like I am so much scared that the financial system could collapse. I don't know if I'm going weird or I'm in order.
In the crypto,  anything that goes up must surely come down, I don't know if this will apply to dollar because dollar is very much over bought and the ending result might not be funny to the world economy.

People keep buying dollar to keep because the economy of their country keep going down. Like here in Nigeria, dollar keep increasing almost everyday. I think for dollar to be stabilized in any country, the country's economy must be worked on and must be improved.

[STT]

Nigeria can be the richest country in Africa easily if they are able to produce their full potential of oil which is sold in dollars, the economy should then be secure to expand to growth.   They need not fear the dollar strength as much as other countries which do not have that source of exports always there.   I'm not saying like that is easy exactly but the path to prosperity for that country is a known thing, I hope it is able to be found though I just hear of many disagreements and troubles which leads to great cost unfortunately.
  It ultimately comes down to import export balance for many countries, when currencies are volatile like now with Dollar at twenty year highs it makes it obvious short comings in that balance and production vs imported goods for each country.  The surprising extreme this year has been the failure of one the worlds greatest exporters, Germany is globally important in its production so normally would be fine yet they've failed in some vital commodities and may yet suffer quite badly from a poor balance to their usage/consumption; its a lesson we all have to learn to some extent I think.

[Wong Goblog]

The central bank that issued legal currency certainly knows that inflation is difficult or even unavoidable, this makes the currency value will continue to decline so that when it reaches the lowest point, what the central bank does is kill zero.

[Davian144]

The central bank that issued legal currency certainly knows that inflation is difficult or even unavoidable, this makes the currency value will continue to decline so that when it reaches the lowest point, what the central bank does is kill zero.

What is meant by kill zero?
In general, inflation is difficult to avoid by the average country, but that does not mean it cannot be overcome by the state. For example, if a country has several large agricultural lands and raw materials that are often used by many factories and has a company that can process raw materials into finished goods, then the inflationary conditions can be slightly overcome.

Because the state does not need to import goods with the same use from other countries whose prices are much more expensive than those in their own country. And that is one of the few ways that can be used to be less affected by inflation when it occurs.

[FanEagle]

The real help one can do is to help themselves.
There is no one else who can help you out to survive the rainy days. The only solution of the inflation is to strive for the financial freedom

Sometimes people who have difficulty confused and do not think of looking for financial freedom, when they get money, are used for daily needs, this is our duty to help open their minds to invest even with small values.

I am not entirely sure if that’s a bad thing though. Depends on their financial situation, if someone can survive until they die without getting into big financial trouble, sure it could be some small troubles like we all live, but nothing like bank seizes their car type of thing, then I do not think that it would matter.

What’s wrong with living a life with spending your entire finances on material stuff, and buying things, eating outside at good places, going to vacations, buying the brand new phone, and whatever else they spend their money on. IF! they are capable of doing that without going into too much trouble, that’s fine, they will survive in the end anyway, but if they do it too much and get in trouble, that’s bad.

[Silberman]

People keep buying dollar to keep because the economy of their country keep going down. Like here in Nigeria, dollar keep increasing almost everyday. I think for dollar to be stabilized in any country, the country's economy must be worked on and must be improved.

Many countries which are still trying to become developed are suffering greatly by the crisis that we are going through, and it is normal their citizens are doing what they can to protect themselves, ironically since in those countries governments are a lot weaker people are used to try to look after themselves compared to what we see in developed countries in which people expect the government to fix things for them, so compared to their national currency getting dollars is a good option for them, but I wonder for how long this will be the case as the dollar is probably going to suffer as well in the near future.

[pooya87]

It seems like more than just currencies are collapsing in Europe. The political structure is falling apart too.

These days UK is in the news a lot since they couldn't even keep a prime minister in office for more than 44 days but elsewhere the situation is not better either. With the mass protests and riots all around Europe and how the governments are cracking down on the protesters with mass arrests the public unrest is going to continue growing threatening these governments and most importantly the economy since the whole chain is disrupted now.

The French protests has already grown with hundreds of thousands of people in the streets which has turned a violent and bloody clash with the French police. The workers, the transport and even schools are joining and shutting down.

[DudeAtWork420]

Only lazy people will rely on governments help and if many people will follow what others did like asking some help then for those to come maybe they suffer from hunger since government action takes time since for sure this will have a delay due to more people seek for help. That's why we need to take action towards this and use our strength to find opportunity to earn money so that we don't need to wait for any help since we can sustain ourselves to buy the things we need.

I think the collapse of the currencies are also the fault of the governments. People blame them and they wait for the government's actions to solve the mess that they create but for some people who think are independent enough, they will try to look for ways to survive. Seeking for an extra job to earn more money can be one of the solution for this but it would be better if we prefer jobs which are paid by other currencies which aren't affected by the collapse.

Cryptos are a perfect example for this. If it's not possible for some people to do that, then they can always work on the job they like and get paid with fiat and then use the fiat to buy a crypto.

You are talking like there is enough job on the ground and no one wants to do it. Most of the countries is facing unemployment problems when some countries is short of manpower for industries. This unbalanced of population growth in the world created some typical situation to handle. Govt also been corrupted and they just don't care about people but to hold their power no matter what happens to the country.

[Fullbear2222]

The Dollar Index hit 114.5 so that's the day which the basket of currencies that the dollar is weighted against and that is incredibly high so also the dollar is downtrend the RSI broke its downtrend which is pretty bad news for the rest of the global currencies like the pound did you see what the pound did so the pound fell to a record low of 1.03 and the dollar so I'm going to go over the British pound against the US the dollar quick brings you back to the 1800s  during the

In the 1800s there it was five dollars to one

British pound the Napoleonic Wars 3.62 now going all the way to World War Two it was 3.25 dollars to the Great British pound now you had the great financial crisis

that was 1.35 Brexit which was 1.2 and
then right now you have 1.03 Ben Richards you've probably seen him on.

we are seeing a complete control
demolition of the entire economy
plus I think what they're going to be
doing is bringing out a central bank
the digital currency so the more that they
can make these currencies destabilize
the more that people will accept a
central bank digital currency that is
very stable but over the long run you

know they can decrease the value of it

easily and there's no

transparency whatsoever they are

frothing for a CBD right now.

Yes but not the USD becouse USD still reserve currency.

[Captain Corporate]

The problem is that if there are not enough employment, and if governments are running a nation horribly, if there is no money incoming, if there are all these bad things happening to a person and its not their fault, should they just crawl up and cry? I mean don't get me wrong of course its governments and big capitalist billionaires who like to just screw small people that caused this. However, just because they don't care about us and create these problems, does that mean we should just stop working? You have to find a job, saying "there is none available" means you can't have an income, and if you don't then you are going to just starve to death. Hence, one way or another, online or offline, factory or digital, doesn't matter how but YOU HAVE TO find a job, and earn some money somehow. My nation is not doing that great neither, but I am making enough online and try to survive, I am in no means rich, but refuse to just sit at home hoping that I could get a job.

[Silberman]

People keep buying dollar to keep because the economy of their country keep going down. Like here in Nigeria, dollar keep increasing almost everyday. I think for dollar to be stabilized in any country, the country's economy must be worked on and must be improved.

Many countries which are still trying to become developed are suffering greatly by the crisis that we are going through, and it is normal their citizens are doing what they can to protect themselves, ironically since in those countries governments are a lot weaker people are used to try to look after themselves compared to what we see in developed countries in which people expect the government to fix things for them, so compared to their national currency getting dollars is a good option for them, but I wonder for how long this will be the case as the dollar is probably going to suffer as well in the near future.

But the fact is that they are only making themselves safe to be able to live life in a recession. But that does not mean they will be able to avoid these difficulties, because this is for the public and surely everyone will feel the impact of the recession. The government will play an important role to be able to overcome this, because indeed it is their responsibility to provide a sense of security despite the difficult situation engulfing the world. But once again we cannot avoid what will happen to the world in the near future. I can only hope we get through it quickly.

This is undeniable, at best we can do something to try to endure what it is coming but we cannot avoid it, the crisis that is coming is so big that no one will be able to remain indifferent to it and everyone will have to take actions to protect themselves, the difference is that the more money you have now the more steps you can take to protect yourself from what it is coming, while those which are poor or that have a lot of debts, which are the majority, will be the ones to suffer the most by the upcoming crisis.

[DrBeer]

The depreciation of currencies, in the current situation, has very real reasons. In times of global crises, the state is forced to "turn on the machine" in order to ensure social obligations, to ensure priority tasks (for example, the fight against covid, or the purchase of gas). Of course, this comes against the background of stagnation in the economy and a decrease in the inflow of tax deductions from citizens and companies. The result is expected - inflationary processes. But if you do not pay those who do not like inflation, there will be even more screams.

[Haunebu]

Why are so many people feeling surprised about these recent currency value depreciations and other economy related issues? I expected this kind of stuff to happen primarily thanks to COVID.

Putin's messed up war basically added fuel to the fire which is why the global economy is collapsing slowly and steadily, but I am confident that it will recover soon.

[DrBeer]

Why are so many people feeling surprised about these recent currency value depreciations and other economy related issues? I expected this kind of stuff to happen primarily thanks to COVID.

Putin's messed up war basically added fuel to the fire which is why the global economy is collapsing slowly and steadily, but I am confident that it will recover soon.

I would not have been very optimistic about a short recovery time. In addition to the global change in the oil and gas market, changes in the industry follow. International logistics and many other related things will also change. It won't take 1 or 2 years. Plus, the highly probable development of an economic crisis in China is on the threshold. What will happen to the chairman of the CPC, re-elected 3 times, is a difficult question. As a rule, such "level" global problems ... with a war. Like their terrorist neighbor to the north. Will it be Taiwan, or Russia in a state of total impotence (economic, military, political) - the question is very complicated. If the United States, Britain and many other countries play for Taiwan, then no one will take a steam bath for the Russian Federation - for everyone, the loss of the Russian Federation from the map will only cause a sigh of relief ... And all this can happen in the next 5 years. Therefore, it is too early to be optimistic about the situation.

[Ziskinberg]

Why are so many people feeling surprised about these recent currency value depreciations and other economy related issues? I expected this kind of stuff to happen primarily thanks to COVID.

Putin's messed up war basically added fuel to the fire which is why the global economy is collapsing slowly and steadily, but I am confident that it will recover soon.

What Putin did is a disaster and make everyone suffer from that war. Market inflation, currency value depreciation, and oil price is rising - I think everything around the price went high and wild. I couldn't imagine how these poor people able to survive if this will take so long.
Yes, recovery will come but can't imagine how fast it was or if it is only too slow. As long as the war between Russia and Ukraine continues, it closes my mind to think the situation will easily change but might it worse.

[Silberman]

Why are so many people feeling surprised about these recent currency value depreciations and other economy related issues? I expected this kind of stuff to happen primarily thanks to COVID.

Putin's messed up war basically added fuel to the fire which is why the global economy is collapsing slowly and steadily, but I am confident that it will recover soon.

What Putin did is a disaster and make everyone suffer from that war. Market inflation, currency value depreciation, and oil price is rising - I think everything around the price went high and wild. I couldn't imagine how these poor people able to survive if this will take so long.
Yes, recovery will come but can't imagine how fast it was or if it is only too slow. As long as the war between Russia and Ukraine continues, it closes my mind to think the situation will easily change but might it worse.

While war has always been a huge event that affects the lives of a lot of people this is even more pronounced now since our world is interconnected, many people may not find a single Russian or Ukrainian product on their houses and yet those two economies produced a lot of goods necessary for the economy, and the absence of those products was obviously going to hit us hard, what no one knew is how hard it would hit us as the world still had not recovered from the effects of the pandemic and made everything much worse.

[Fatunad]

Why are so many people feeling surprised about these recent currency value depreciations and other economy related issues? I expected this kind of stuff to happen primarily thanks to COVID.

Putin's messed up war basically added fuel to the fire which is why the global economy is collapsing slowly and steadily, but I am confident that it will recover soon.

What Putin did is a disaster and make everyone suffer from that war. Market inflation, currency value depreciation, and oil price is rising - I think everything around the price went high and wild. I couldn't imagine how these poor people able to survive if this will take so long.
Yes, recovery will come but can't imagine how fast it was or if it is only too slow. As long as the war between Russia and Ukraine continues, it closes my mind to think the situation will easily change but might it worse.

While war has always been a huge event that affects the lives of a lot of people this is even more pronounced now since our world is interconnected, many people may not find a single Russian or Ukrainian product on their houses and yet those two economies produced a lot of goods necessary for the economy, and the absence of those products was obviously going to hit us hard, what no one knew is how hard it would hit us as the world still had not recovered from the effects of the pandemic and made everything much worse.

Cant really be that surprising that most of thing will really be took on the blame on the war that is currently happening which it did really make out some impact or did make some domino
effect if we do speak about economic problems and issues that we are facing today but to mind off that this isnt only the sole reason on why we are experiencing these declines.
There are several factors which would really be the reason on why we are facing these things.Its collapsing everywhere and there were no exemptions when it comes to this one.
As a citizen then the most sensible thing to be done is to make yourself that get prepared on whatever things that might experience along the way.

[Wong Gendheng]

Naturally, if the currency value continues to decline due to many factors, and inflation that occurs around 10% per year, so after 10 years the price of the product can rise to 100%, this also makes the problem complicated because more and more people try to find alternatives and even prefer to save Money in stronger foreign currencies such as USD or Euro.