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May 05, 2024, 10:26:16 AM |
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Combination of Different FIATS Make World Inflation?
Just a question would the combination of various FIAT currencies in the world make up the total inflation that every country is facing. More less through the printing of money. Such as using example the US dollar as still somewhat as the dominate player still. As well China. As China has country of the economy with selling of goods to most of the countries of the world. Which are times done in China money for some business transactions. Also China does print lots of currency to keep things running on their side. China does have a big grip of the world, so would that also have influence on the inflation going on? Not just the USA money. More less its all the combination of USA< China and also the national currencies each country uses for their part. As the inflation works hand in hand between so many currencies. As the countries themselves also have to print currency to keep up with the other inflation coming from international part by exports etc. Also to keep their currency in the proper spot for exporting and importing etc.
Would this be factor and not just one printing of one currency the issue of the inflation for all the countries?
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worldtraveller
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criptoevangelista
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May 05, 2024, 10:46:58 AM |
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The money printing machine never stops, countries issue debt in exchange for liquidity, this cycle is infinite, each country has its own inflation, but the biggest influence is the USA, as the world standard is the Dollar, countries trade with dollars, Some emerging countries are trying to trade with their own currency, like the BRICS bank, but I don't know if this will have a future.
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Cryptoprincess101
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May 05, 2024, 11:02:18 AM |
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The money printing machine never stops, countries issue debt in exchange for liquidity, this cycle is infinite, each country has its own inflation, but the biggest influence is the USA, as the world standard is the Dollar, countries trade with dollars, Some emerging countries are trying to trade with their own currency, like the BRICS bank, but I don't know if this will have a future.
Sometimes I also wonder that since each country have their printing machines such that they can print enough currency that will circulate round their country but yet every country is still facing monetary challenges even the foreign reserve currency which is the dollar is not even helping in solving this monetary situations. Inasmuch as we keep making use of the Fiat currency, inflation will always continue. As for the BRICS alliance, if at all it will have a future it will not be gotten easily.
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Frankolala
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May 05, 2024, 11:18:04 AM |
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I don't think that this topic belongs here, because it is not saying anything related to bitcoin, so you should move this topic to economics board, as that is where it fits in.
Human activities will always lead to inflation due to their greed and self centered life style. Printing money, wars and natural disasters, diseases and corruption will always lead to inflation.
I don't see any fiat currency that can take over the usd for now maybe in the future we may/may not see a new fiat currency as reserve.
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OcTradism
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May 05, 2024, 12:12:39 PM |
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Combination of Different FIATS Make World Inflation?
Each country has their own fiat currency that is inflationary. You can not find any national fiat currency that is not inflationary. Combination of different fiat currencies make the work inflation, I don't think so, because the right question is, will their combination make the global inflation much worse? I really don't think so as global macro economic depends mainly on biggest nations and economies. Inflation or hyper inflation in very small nations won't affect the global economy but if you see recession in a big country, the global economy will be in trouble.
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Upgrade00
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May 05, 2024, 12:49:00 PM |
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I'm assuming you're asking the influence of different countries in global inflation and how the world rld powers can impact the economies of other countries.
We live in a global village where economies are greatly intertwined due to global trade, this is the reason why a war in one part of the world can negatively impact a country on the opposite side. But while we are linked to each other one way or the other, all countries are not tied strongly into any one bunch, so the impact of inflation or rather a drop in economic activity in China will not affect all other countries to the same degree and will not affect some at all.
Sovereign nations adopt different fiscal policies and that is the major driver of their economies.
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kotajikikox
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May 05, 2024, 01:16:24 PM |
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Would this be factor and not just one printing of one currency the issue of the inflation for all the countries?
You are correct. Actually goods and services traded between countries can affect inflation in a country. If your country is exporting more products outside of the country to the rest of the world then it might help economic growth which can increase demand for its money. The difference in value of different fiats can lead to higher prices of imported products which will also contribute to overall inflationary pressures in the country.
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davis196
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May 06, 2024, 10:44:41 AM |
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More less its all the combination of USA< China and also the national currencies each country uses for their part. As the inflation works hand in hand between so many currencies. As the countries themselves also have to print currency to keep up with the other inflation coming from international part by exports etc. Also to keep their currency in the proper spot for exporting and importing etc. You have to distinguish global inflation from local(national) inflation. Global inflation is caused by the big central banks(The US Federal Reserve, European central bank, etc.) and the disruption of global supply chains(COVID pandemic lockdowns, the Houthi try to capture Israeli ships in the Red Sea, etc.). Local inflation is caused by dumb and corrupted governments printing money to cover their budget deficits and to create artificial advantage in foreign trade, for example Turkey, Argentine, other underdeveloped countries, etc. So the answer your question, NO. Global inflation isn't caused by a "combination of all fiat currencies". It's caused by the big central banks and some geopolitical global events.
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Synchronice
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May 06, 2024, 12:26:38 PM |
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The situation is not easy enough to say that combination of different fiats makes world inflation. Yes, they make but they are not the main reason. Inflation happens when more money is printed and less work is done. Combination of different fiats just give us more burden because the exchange fees increase the price of product and service. Countries have their own national currency to create an illusion of independence. In reality, they use it well to control the inner money circulation and supply. We all know that USD is the main global currency. Now imagine a country, for example Nigeria. Government of Nigeria wants money for different things but they can't print USD because America owns it. What's the easy solution? Create your own currency and print as much as you want, the debt will be paid by your citizens, as easy as it sounds.
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Fortify
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May 06, 2024, 12:45:20 PM |
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Combination of Different FIATS Make World Inflation?
Just a question would the combination of various FIAT currencies in the world make up the total inflation that every country is facing. More less through the printing of money. Such as using example the US dollar as still somewhat as the dominate player still. As well China. As China has country of the economy with selling of goods to most of the countries of the world. Which are times done in China money for some business transactions. Also China does print lots of currency to keep things running on their side. China does have a big grip of the world, so would that also have influence on the inflation going on? Not just the USA money. More less its all the combination of USA< China and also the national currencies each country uses for their part. As the inflation works hand in hand between so many currencies. As the countries themselves also have to print currency to keep up with the other inflation coming from international part by exports etc. Also to keep their currency in the proper spot for exporting and importing etc.
Would this be factor and not just one printing of one currency the issue of the inflation for all the countries?
Currencies are just one element that makes up inflation and not the root cause of it all. It makes inflation recognisable as it's the unit of value that we most commonly use to trade between countries. Scarcity and high demand tend to be the main driving forces behind inflation. Take Russia's invasion of Ukraine for example - both countries were big food exporters, so the price of basic food staples was pushed up at this point. It also affected oil and other commodities too, which feed into many other daily items - even plastic products derived from oil.
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moneystery
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May 06, 2024, 01:04:17 PM |
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global inflation is a variety of information related to the economy of various countries and then it is summarized in an inflation percentage. there is a connection between global inflation and the fiats of each country, but it is not the main factor, because the problem of inflation is very complex and we cannot just conclude it from one factor alone, there are many factors that need to be considered.
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May 06, 2024, 01:34:17 PM |
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While the US and China have comparable political influence and comparable sizes of economies, I think it's important to note that they fiat currencies are incomparable. The USD is not just "still somewhat" dominant, as the op put it. If we look at percentage of foreign exchange reserves, the USD is as nearly 60%, with EUR (the closest contestant) at 20%. The Chinese renminbi is at 2.3%, which isn't even in the top-5. As for inflation, I think it's still useful to look at it from more regional and local perspectives, but the USD and CNY are famous for their low inflation rates: 3.4% and 0.2% respectively in 2023.
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franky1
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May 06, 2024, 01:38:59 PM Last edit: May 06, 2024, 01:52:32 PM by franky1 |
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op is asking for the chicken and egg answer ...
its the question of inflation or GDP coming first so lets explain
different countries compete in a ranking system of super powers based on the GDP (gross domestic product) which is where a country measures how much production a country has done over a year
that above is the chicken end result product however, there is the egg which became that chicken that needs to be explained
if prices of goods go up(or more products are bought) then each person who has bought 10% more produce, the GDP would be 10% higher so if another country is 12% higher that other country has a chance to raise their GDP numerically rather than percentile and jump up a rank
so this makes countries that dont produce more products to want to inflate the price of goods to up their GDP. yep many countries right now dont produce more goods but instead inflate their prices which is displayed via the CPI formula. and to inflate their prices it needs more money in the system for people to afford these
which leads to the chicken that laid that egg and now we are back to another chicken(parent chicken) this is where money printing comes in. by printing new money allows there to be more money for people to circulate and obviously retailers to charge higher prices and we all know money printing is done via debt. so todays debt is tomorrows CPI inflation which is the next days GDP
in the last 5 years china had a chance to over power the US on the GDP superpower rank position.. in the last 5 years russia had a chance to over power the UK on the GDP superpower rank position.. so the US/UK had to create more debt, to inflate its numbers to stay in their position above their rivals
and other countries below the top 5 had to follow to avoid losing or being downgraded
now the US/UK is trying to reduce china/russia's production so china/russia GDP doesnt grow, so that the US/UK can slow down their own debt creation to fake their positions of faking GDP(via inflation)
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER. Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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jrrsparkles
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May 06, 2024, 06:26:16 PM |
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Every country is printing their fiat no matter what and people within the country have no choice but when it comes to international trades the leaders prefer the strongest currency which USD as of now so if China print more money then it will lose its value against USD and that's how USD is still being at the top but if there is a situation countries lost the trust that USD is strong and stable then they might prefer their own fiat or anything else.
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electronicash
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May 06, 2024, 07:08:06 PM |
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Every country is printing their fiat no matter what and people within the country have no choice but when it comes to international trades the leaders prefer the strongest currency which USD as of now so if China print more money then it will lose its value against USD and that's how USD is still being at the top but if there is a situation countries lost the trust that USD is strong and stable then they might prefer their own fiat or anything else.
China is reliant on its importations that's why they are securing its trade routes such as the Belt and Road. China is the world's producer of different products, there will always be a demand for their money since every time a country imports products from them, these countries will need CYN to purchase those products. if they stop producing also, the rest of the world will suffer from increasing higher prices of even the old phones. but USD declining demand because of BRICS dedollarization will force the government to print more. the increase in US debt every month means printing off these notes while they support wars. USD is widely used still and every time there is printing of USD, all other countries with USD reserves will be affected. with this kind of economic advisor, the government will need to fire this guy without pay. this man here is Jared Bernstein, White house economic advisor. https://twitter.com/JamesMelville/status/1786701119676113059this is the funniest, you'd think its fake. but its real.
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wiss19
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May 07, 2024, 08:04:02 PM |
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global inflation is a variety of information related to the economy of various countries and then it is summarized in an inflation percentage. there is a connection between global inflation and the fiats of each country, but it is not the main factor, because the problem of inflation is very complex and we cannot just conclude it from one factor alone, there are many factors that need to be considered.
Global inflation is not a variety of information or simple information. Both terms are different. Global inflation is still or only an inflation but are felt globally or by each countries in the world. I think you are still correct or I'll still agree with you when you say that an inflation (global or not) is caused by a lot of factors and not only about the money. I guess the only reason on why many thinks that it's only about the money, is because money is the main one that is affected by it like it decreases its purchasing power. Other than money I think it also has to do the with jobs or how a company runs and then the production of goods and services
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oktana
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May 07, 2024, 11:53:19 PM |
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The inflation of each country is unique to that country. It depends on how they have been printing their money. For instance if dollar is carelessly and constantly being printed, it’s only a matter of time before it value graduates to almost nothing. Same with every other country. While there are other causes of inflation, one known cause is excessive printing of money.
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Maus0728
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May 08, 2024, 02:32:02 AM |
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No dude, inflation isn't because of the money itself, it's because the means to produce products, goods, services, and the technology that's involved in the production are slowly increasing in price due to the fact that there's more people out there and there's also more workers which means that the profit of the company will suffer if they don't pay them right and if they don't increase the price of their product even just a little, they'll end up going bankrupt, simple laws of economics, the more demand there is, the more that the price would increase. There's also the matter of printing money but that's another story.
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Negotiation
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May 08, 2024, 01:57:26 PM |
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While inflation is a normal feature of the economy hyperinflation is seen as a shock to the economy. Inflation is an increase in the prices of goods and services when the money supply increases and production decreases. Also it is caused by the rising cost of goods and services in an economy. When inflation occurs it leads to higher prices of basic necessities such as food which has a negative impact on society. can The problem of inflation is complex and has many causes.
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slapper
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May 08, 2024, 08:25:24 PM |
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Simply printing money to cause inflation is too simplistic. Lots of things is knotted. Every country has its own currency, and its actions affect the world. The big dog US dollar's value swings affect how everyone views their money. China's large trade footprint and currency management also matter. However, smaller nations' economic actions matter too
The mind-bender is that inflation isn't limited to one country. Economic moves and countermoves are worldwide. In addition to printing money, governments wage quiet currency wars, devalue to gain an edge, and use financial techniques that affect everyone. Beyond who's printing what, we must consider economic policies, country dependence, and power relations. Every decision affects the global economy
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