Global Inflation, Economy and Blockchain

Inflation and its side effects on our lives are massive! Both global inflation and the responses of central banks to the rising global risks have gone awry. The rest of the world suffers greatly from inflation rates and declining purchasing power due to the continuing rise in inflation rates in the United States and the EURO zone.

Over the course of the past two years, the world has implemented new regulations in response to the pandemic's fundamental issues: generating new justifications for their persistent delusion and printing more money. Unfortunately, only "people like you and me" experience the negative effects of false monetary policies.

Tradingeconomics shows how things are even "before the winter**."The areas experience more severe inflation as the hue of red becomes darker. It is abundantly clear that developing nations are in poor health.

The Federal Reserve is determined to raise interest rates and strengthen the US dollar more than ever. In the meantime, the downtrend in their fiat currencies is unaffected by the precautions taken by the other central banks. You eventually come across such a bizarre chart:

This chart shows that regardless of how strong they are, the stories behind them, and the strength of the US dollar forced the Yen and Pound to give way.

During the winter, it appears that people are more prepared for the upcoming risks and uncertainty on a global scale. Even though it also has a problem with inflation, investors want to keep their purchasing power secure by investing in US Dollars and 10 Year Bonds.

Remembering Last Dollarization Times

We all recognize that the current financial system is on the verge of global destruction that will directly affect all of us. I'm not sure if we need to mention this.

Some groups already buy into the "recession" story, and it's only natural that people who are worried about gas, global war, inflation, and a pandemic will change how much they spend. When we combine the data we have, it becomes clear that few people will try to improve their quality of life, while the majority will focus on maintaining it.

Sadly, there is no way out of the current banking system's maze. Instead, you have other options to keep going through the maze. For people who live in "developing countries," the only way to lower the rate of decreasing power speed is to use as little fiat currency as is absolutely necessary. Even though interest rates have taken away the popularity of cryptocurrencies and precious metals, central banks are running out of other options.

"Global" Inflation!

Inflation is also affecting the price of many other goods and services, including housing. We’re seeing this in the form of higher rents, which have increased by more than 3% over the past year. The cost of many goods and services is rising, as well. Inflation has reached 3% in the United States, up from just 1.7% in 2017.

Inflation is also affecting many other countries. In China, food prices have increased by over 12% in the past year, and the cost of living has gone up by almost 25% since 2016. The price of food has been increasing for years, and it is not just due to inflation. Many countries are facing drought or other weather conditions that affect their crop yields.

When this is the case, crypto cannot find a good place for itself while the interest rates keep increasing. So, better to watch the market for me.

Take good care of yourself guys, protect your pockets, as well ✌🏼