Re: Why is Inflation Happening All Over the World At Once?

Quote from: Davidvictorson on Today at 04:58:55 PM

Why does inflation in one country or continent affect the others. Why does it seem like the whole world is experiencing a global economic downturn all at once despite having different economies, different policies, different politics? Here's what I mean from these news headline

- Major fears are sweeping into Israels economy

- Stubborn inflation will remain at a very high level, German central bank president says

- Saudi Arabia drops $5 billion in Turkeys central bank to help its struggling economy

- U.S. inflation is likely far stickier and could last a decade, Bill Smead says

- Inflation resurges to 21.82 % over rising food prices

- Sky-high prices burn Indians pockets, drag savings to 30-year low amid K-shaped recovery

This. Is. Globalization.

An economic crisis is no exception to the ramifications of a globalized economy. The more globalized the world is, the more every country is inter-twined financially. The more each country relies on one another, the more intertwined they become financially. In my opinion, I believe that the banks and the money that the banking system created unnaturally is what not only accelerated globalization, but the economic catastrophe to come.