The world's economy is experiencing an enormous amount of inflation, which is a gradual increase in the general price level. This is caused by rapid growth in the money supply and increase in price of goods. Inflation is a threat to our wealth, as it can erode the purchasing power of your money. This means that the money we have goes further in the future, but the value of the goods and services we buy will not increase in the same way. Some people see this as a good thing. They think that inflation will promote economic growth, by giving people more money to invest. However, in the long-term, it is hard to see how inflation will be beneficial. The truth is that the cost of living continue on the rise and this is something that’s happening all around the world, with the cost of living increasing at alarming rates, can be especially hard to deal with for low-income families, who are usually the ones who have to deal with this issue the most. But what if there was a way to fight inflation, are we going to see the price of goods down or everyone is going to get rich.
Well, I don't know, all what I know is that the financial markets are changing quickly and globally, and it seems that the entire financial system is changing for the better as governments, banks, and financial institutions are running into financial difficulties and inflation, the crypto market is slowly becoming the new cash cow. This is because the crypto market has the potential to solve many of the issues that the current financial system is experiencing.
What is inflation and how does it affect your money?
Inflation is when the value of money decreases over time. This can happen when the government prints more money, which is then distributed to consumers. But we have two types of inflation: monetary and price. Monetary inflation is when the amount of money in circulation increases, which means more money is being printed. Price inflation is when the prices of goods and services increase, which is more difficult to measure and can be hard to control and can wipe out all the values of our money.
This is what is happening recently in Lebanon as the value of their currency 96% losses to US-Dollar. Beside that many analyst said Crypto will be the tool to fight this inflation going on in the world, and I'm not yet understand how this will fight inflation. Does the future promise to make everyone rich, other way round does it going to beat the price of goods down?
Thanks for your attention