Post
Topic
Board Economics
Re: Inflation and Deflation of Price and Money Supply
by
Baki202
on 20/08/2024, 22:02:31 UTC
This is absurd and painful, all your life work will be as if you did nothing,  so instead of keeping it in the bank.

That's exactly what it is. It feels the same

Hyper inflation is everywhere and the people that cause this is the government and it is actually true, and people are getting tired of the whole rubbish, because currently in some Africa countries petrol have become very expensive and it is actually impacting the price of everything.  And money have lost its value and even keeping it inside the bank, because their won't be interest, so it is better to invest the money than keep it, so that when ever  the money is increasing you are already finding a way to beat inflation, having 100k now is as if you don't have money hear because one our currency have lost its value and that situation have gotten everything worst, so think on a better way to use your money to reduce inflation and devaluation of our currency, make use of it wisely, so you don't get affected.