Post
Topic
Board Economics
Re: High inflation is causing GLOBAL protests
by
Minecache
on 29/10/2022, 23:30:14 UTC
All around the different regions/parts of the world, they have the same issue that's causing mass protests. It's HIGH INFLATION, HIGH FUEL PRICES, HIGH FOOD PRICES, HIGH COSTS OF LIVING, AND LOW MINIMUM WAGE.

That's what happens if a non-elected cabal is made to have control over the money supply. Look at this list. Start researching about your country's central bank policies, read the news, and know if your country is about to have, or is currently having high inflation. Because your country could be next for a mass protest.

...

It's funny that we don't see Türkiye here in this list, even though we have the highest inflation rate last year. Everything's price tripled over this short time period. Minimum wage is under starvation line and it's getting harder to live here every day. There is no real protest over the streets as we have a very strict government. It used to be protests all over the country but some group made a coup attempt and after that nothing was the same. People can't even talk freely. I don't know how long that will go on like that. We have elections next year but I'm not sure if it changes situation. It's hard to even slow inflation down, let alone stopping it which is impossible.
People are so overwhelmed that we can't even stand to see the news on TV anymore. I remember I have complained here before but the situation is getting worse and worse.

OP only listed some, not all countries, right now inflation is happening globally, i bet no country can avoid inflation today just the impact won't be the same. As far as I know, Turkey has an inflation rate of 80% and the Turkish government implements the opposite policy of other countries that the higher the inflation, the lower the interest rate. This is considered a completely opposite policy to most other countries to fight inflation and until now it has not worked. Hope they soon reconsider their anti-inflation policy to improve the country's economic situation.