Post
Topic
Board Economics
Re: Food prices doubled this year
by
Findingnemo
on 23/09/2020, 04:20:57 UTC
Prices are supposed to increased due to no production at all for months but not for every product we buy it means they are getting oversold or our money value is getting lesser a lot since the pandemic hit us because government is printing more money to tackle the condition as short term solution.

   Findingnemo I am not sure I understand you here, but we spend more money on food every year! In my +40 years I can say
that many prices went up, and in the future I think we will more increase of the prices. It's what happening for decades and trend
will continue. We can blame the pandemic for this year, but whom to blame for all the decades before this year that led to this year?
   I think we need a fast solution or this world will face with huge food problems! Problems with supply of quality food, and problems
with people who will not be able to afford food because of the high price.
So you need to understand how the value of money comes from!

Have you heard the term Inflation before? It simple means more money has been printed every year while adds more in the circulating supply as a result of this the purchasing power of your money is going down every year.

Government and banking system is printing money based on no criteria in 21st century that is one of the reason why we are shouting that we need something decentralied like bitcoin as payment mode.