The Taste of an Economic Downturn

[Ayers]

Onion is one of the cheapest vegetables. I wonder where do you live. I'm glad that I can grow onion in my own garden, so I don't have to buy it, but it's relatively cheap in the vegetable markets in my town.
The basic foods inflation in my country is 52% and the costs for heating had increased by 40%. The overall statistics show that the average inflation in my country is around 18%, but I just don't trust any statistics anymore. It sucks to live in times of high inflation, but the older generations in my country had lived in times of hyperinflation, so there's no point of bitching and complaining.

Real inflation is always higher than it seems for statistics, prices are rising for everything, for food, for utilities, for essential goods. But even though times are difficult now, it is still much easier for us than it was for our grandparents during the crisis. We will be able to survive this, the world has become more civilized, if necessary, there are social services that can help the poorest segments of the population.

Also, inflation will not grow constantly, this is a temporary phenomenon during the crisis, after which the level of people's income will also increase, according to indexation. Everything repeats itself, people have already gone through similar cycles many times, but still have not found a way out of how this can be avoided.

Inflation is a part of the world economy, for many, it is a nightmare because it will wreak havoc on their wallets, but not all. While many companies go bankrupt, and many people are unemployed, there are still a few people who get rich from inflation or have a good income in times of crisis, so high inflation does not matter to them.

Inflation is like the winter cycle of the cryptocurrency market, many people will lose and go bankrupt, but also many investors like this winter, for them, it is an opportunity.

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[Mauser]

I wonder, especially in other countries, how drastic is the change in your daily life that's brought about by this economic downturn?

Life changed a lot for me and my family over the last year. The rising inflation is noticeable the most in the food prices, it feels like I am spending 50% more on food now than I did 1 year ago. My grocery bills started to skyrocket last summer, and even though we switched to cheaper brands prices are still rising. Just one examples are fresh products like salad, tomatoes and cucumbers, the price for them increased 35% in less than a year. The second big problem is heating, with the new high energy prices we lowered the temperature 2 degrees at home. Really sad times we live in now, usually we went skiing for a week during the winter, but this year we will save the money instead.

[carlisle1]

I wonder, especially in other countries, how drastic is the change in your daily life that's brought about by this economic downturn?

Life changed a lot for me and my family over the last year. The rising inflation is noticeable the most in the food prices, it feels like I am spending 50% more on food now than I did 1 year ago. My grocery bills started to skyrocket last summer, and even though we switched to cheaper brands prices are still rising. Just one examples are fresh products like salad, tomatoes and cucumbers, the price for them increased 35% in less than a year. The second big problem is heating, with the new high energy prices we lowered the temperature 2 degrees at home. Really sad times we live in now, usually we went skiing for a week during the winter, but this year we will save the money instead.

That's really what most of us or maybe we can say all of us are now experiencing with the rising inflation, the increase and most aspects
of economy, especially with our daily needs.

It can't be avoided, and it is we who needed to adjust, limiting or maximizing all our resources to continue surviving and then finding other
sources of financial income.

Things that most of us are really aiming and hoping to keep life moving forward.

[Natalim]

That's really what most of us or maybe we can say all of us are now experiencing with the rising inflation, the increase and most aspects
of economy, especially with our daily needs.

It can't be avoided, and it is we who needed to adjust, limiting or maximizing all our resources to continue surviving and then finding other
sources of financial income.

Things that most of us are really aiming and hoping to keep life moving forward.

It was pretty obvious that there is price manipulation in the market but the government allowed it because the corrupt leaders got their shares as well. I hope I was wrong but inflation will never reach this far if the government anticipates the situation and control the price in the market, especially for the suppliers.

I was not really expecting this situation but it comes and gives us some insights into the worse possible inflation that will happen in the future if the government will take action to help and stop this. And for us to look for additional sources of income in order to survive.

[kawetsriyanto]

Why do you think women are very familiar in playing the role of spending in the family or life? I even very rarely find women who can save money at this time in my environment now. And even every expense is always well managed by her own husband. This means that it is not only about gender that can play an important role in saving for their own family, but it really depends on each individual who wants to save money in difficult conditions.

Indeed. Not only a wife, a husband also has the ability to manage the funds for spending. However, in my country, a wife has a responsibility to manage the funds because he knows more about the necessities. Also, the husband already feels tired to work and get money, it is time for the wife to take the role of managing the money. Both wife and husband have their own responsibilities and have their own roles. It is normal if husband and wife divide specific tasks in the household. So, none who runs all the tasks.

I believe anyone can be familiar with the role as long as he/she wants to learn about it. It is surely not about gender, but it is about how the intention to learn it.

[Minor Miner]

That's really what most of us or maybe we can say all of us are now experiencing with the rising inflation, the increase and most aspects
of economy, especially with our daily needs.

It can't be avoided, and it is we who needed to adjust, limiting or maximizing all our resources to continue surviving and then finding other
sources of financial income.

Things that most of us are really aiming and hoping to keep life moving forward.

It was pretty obvious that there is price manipulation in the market but the government allowed it because the corrupt leaders got their shares as well. I hope I was wrong but inflation will never reach this far if the government anticipates the situation and control the price in the market, especially for the suppliers.

I was not really expecting this situation but it comes and gives us some insights into the worse possible inflation that will happen in the future if the government will take action to help and stop this. And for us to look for additional sources of income in order to survive.

The war between Russia and Ukraine happened so suddenly even Ukraine did not believe that Russia would attack them, so no government could predict what would happen so and no government could prepare. Second: what we are experiencing as a result of the covid pandemic, the government should have a part to play in this but should not put all the blame on them. There will be no way to recover the economy quickly when the war is still going on, and China's economy is closed, causing supply and demand chaos. No matter how good the government is, it can't solve everything alone, our world is interconnected.

[MoonOfLife]

The economic recession is making the situation of the country worse and it is very difficult to get out of here. Not only food but every facility is becoming difficult to get along with rising fuel and food prices, the supply chain is being disrupted. Naturally, there is a negative impact on the economy many people have to struggle to manage the responsibilities of the whole family while maintaining the income expenditure balance with the price of goods skyrocketing. And in terms of reducing the family's expenses, women have always played that familiar role.

Why do you think women are very familiar in playing the role of spending in the family or life? I even very rarely find women who can save money at this time in my environment now. And even every expense is always well managed by her own husband. This means that it is not only about gender that can play an important role in saving for their own family, but it really depends on each individual who wants to save money in difficult conditions.

Simply put, since women only take care of the kitchen and children, they are not the ones who earn money, so they won't feel overwhelmed by spending too much. So it's understandable for husbands to manage. We all know inflation is draining our wallets, but only working people feel it most acutely.

[Argoo]

The war between Russia and Ukraine happened so suddenly even Ukraine did not believe that Russia would attack them, so no government could predict what would happen so and no government could prepare. Second: what we are experiencing as a result of the covid pandemic, the government should have a part to play in this but should not put all the blame on them. There will be no way to recover the economy quickly when the war is still going on, and China's economy is closed, causing supply and demand chaos. No matter how good the government is, it can't solve everything alone, our world is interconnected.

Indeed, in Ukraine, even many officials in power did not believe that the Putin regime in Russia was capable of launching a full-scale military invasion. However, the Armed Forces of Ukraine were ready for such a scenario of events and, on the eve of the invasion, secretly withdrew aviation, air defense and artillery from their bases, so the massive Russian attack on their reconnoitered positions in the first days of the invasion did not give the effect that the invaders were counting on. Despite the fact that Russia has repeatedly stated that in the first days of the attack, Ukrainian aviation and air defense were completely defeated, it was they who played a significant role in the fact that after a month of hostilities, Russia hastily withdrew its half-broken armies from the central and northern regions Ukraine, which were under the threat of complete annihilation. And this was at a time when no one had yet given serious weapons to Ukraine, because according to their forecasts, Ukraine had to hold out against Russia for no more than one week.

The war that Russia unleashed in the center of Europe in the 21st century disrupted many trade and economic processes, and therefore the world economy suffered greatly from this. The current economic decline is a direct result of the Kremlin's military adventure. That is why civilized countries have decided to help Ukraine win this war.