Combination of Different FIATS Make World Inflation?
Just a question would the combination of various FIAT currencies in the world make up the total inflation that every country is facing.
More less through the printing of money.
Such as using example the US dollar as still somewhat as the dominate player still. As well China. As China has country of the economy with selling of goods to most of the countries of the world. Which are times done in China money for some business transactions. Also China does print lots of currency to keep things running on their side.
China does have a big grip of the world, so would that also have influence on the inflation going on?
Not just the USA money.
More less its all the combination of USA< China and also the national currencies each country uses for their part.
As the inflation works hand in hand between so many currencies.
As the countries themselves also have to print currency to keep up with the other inflation coming from international part by exports etc.
Also to keep their currency in the proper spot for exporting and importing etc.
Would this be factor and not just one printing of one currency the issue of the inflation for all the countries?
Currencies are just one element that makes up inflation and not the root cause of it all. It makes inflation recognisable as it's the unit of value that we most commonly use to trade between countries. Scarcity and high demand tend to be the main driving forces behind inflation. Take Russia's invasion of Ukraine for example - both countries were big food exporters, so the price of basic food staples was pushed up at this point. It also affected oil and other commodities too, which feed into many other daily items - even plastic products derived from oil.