Post
Topic
Board Economics
Re: Inflation is making a mess of my savings.
by
dothebeats
on 20/07/2023, 06:32:31 UTC
Inflation is really biting hard, and nobody is doing anything about it, should we all just go with what Tupac said, "that's just the way it is, things will never be the same".
A lot of person's have ascribed this global inflation to the crisis Rocking Ukraine and Russia,  a lot of person's have also said it's as a result of shortage of gas supply across Europe and other countries.
The whole story is not just clear, as to why inflation is biting so hard and IMF AND WORLD BANK are not doing anything about it and the people are just left to face their fate alone.
The prices of goods and services are constantly going astronomical high and there is no hope insight of this ugly situation coming to a halt.

The purchasing powers of citizens are getting weak and I don't understand if the consumer protection laws are even effective anymore this days.
You buy something for a certain amount today, in the next one week, that same item you bought  has charged Prince without any reason.
How are you guys pulling it through with this inflation?

I should say inflation is here to stay. We can somehow reduced or minimize it but we can’t totally make it vanish in the thin air. So if you won’t do nothing about it, then you will forever be living your life struggling with your finances. That’s why bitcoin is here, not to completely free us from inflation, but to somehow deal inflation like it can’t totally affect our lives. With bitcoin, the price is not controlled by the government or any third party, so expect that it’s price will only depend on its supply and demand, and not because it will also surge high since everything around have turned very costly and expensive.

I agree. You have to do something about it now, instead of waiting and hoping that inflation will magically disappear. If you don't do anything now then it's like you're ironically waiting for a permanent problem to somehow just disappear.