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Author Topic: Combination of Different FIATS Make World Inflation?  (Read 185 times)
Cryptomultiplier
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May 08, 2024, 11:16:45 PM
 #21

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.
Inflation sure has many causes and a combination of different fists in one country at once, may be a reason why interest rates rise and inflation occurs and this is a major economic confusion that may cripple or cause a revolution in a country.
Still we can't be so sure because we are in the times where countries have their own fiat and there's also cryptocurrencies and then there's dollar to trade with and if all these is used at once in a country, there's going to not only be inflation but chaos and a collapse in the economy.

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Zanab247
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May 11, 2024, 02:53:10 PM
 #22

I don't think different currencies can cause inflation in the global economy, but I know, that the price of things are the major things that can cause inflation in the global economy and the solution to eliminate inflation is money.

But it has been long many countries have different currencies all over the world, but inflation like this have never occurred like this current inflation that is making people to think the government are not printing more money to eliminate the inflation, and there is no way you can force the whole world to start using one currency to solve the problem of inflation.

I guess this inflation is coming from the bad leaders, we have in the whole world because if each leader can monitor their budget and the money printed to function for the purpose of the budget and the printe of the money, it will eliminate this inflation from the whole world, which is the reason why I said bad leaders are the caused of the inflation.

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May 11, 2024, 09:41:58 PM
 #23

Yep, but it's just one factor among many, and its influence depends on many specific situations. Even the conversion of USD to local fiat has fluctuated and stories about international trade and money printing, but perhaps it is inflation that we need to learn to adapt to.

Or in situations where those who want to find a dedraline solution, it is still tied to fiat. We are not yet in a time where every country agrees on how to operate their economies (or will be), there are no common goods paid for in a common currency, there are only a few small situations where we try to regulate but still rely on the value of fiat.

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May 19, 2024, 07:50:57 AM
 #24

This is all the more reason why having lots of fait around is such a bad idea cause it suffers from inflation, its far better to own properties and businesses than to have so much fait around, since they changed money from gold to paper I so strongly believe that this was their plan to take off real value from peoples hand and give then something more inferior that can be made so many times, in the old time when money was still a thing of value like gold and silver or copper, inflation was never a thing, all this started when paper money was introduced.

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