When I was young I really didn't understand much about economics but as I gradually grew up and started to inquire about the outside world, I know why I don't see any similarities between my past and present. Maybe the technologies that were not there in the past are there now, but the prices of the things that were very low in the past are now very high. The same amount of money that used to buy fuel oil can't be bought now with the same amount of money. To catch up, if we compare five years ago with today, we see a lot of difference in the price of every thing. If the price of a commodity increases, the price of that commodity does not decrease. When asked or posted on social media why prices of other commodities, including fuel, are rising, the answer is that this is a global problem. I want to know if you are facing this same problem like me?
If you are facing this same problem then what is the solution for this problem.
I don't know about technologically advanced countries like America, and China, but for the impoverished developing and underdeveloped countries I think that things might get worse. The leaders if these countries are not proactive, they're busy looting their economies instead of focusing on infrastructures to better the lives of their citizens. As far as it continues like that their economic conditions will keep getting more worse with high inflations that will keep devaluing their currencies. We have a lot of shitcurrencies, a lot of money that will purchase very few goods and it keeps getting worse.
This is why I'm happy for a decentralized digital cash like Bitcoin, it's limited supply makes it a hedge against inflation. People who are living in countries with shitcurrencies should convert their money for long term investment or savings to Bitcoin and the ones for short term use to stablecoins. Only hold a very small amount of your local currency if it is constantly devaluing.