Burdensome Inflation - How To Tackle It ?
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These days lot of people seem to be bothered and have a complaint about the "inflation" and how economy is collapsing to an increasing level.
Despite improvements in many field, there are technology, science, modern appliance and designs, AI & Robotics, IT infrastructure and finance etc.
So many to be told. But still there are scarcity of resources and in a stage out of bad government practices and prices of commodities rising high means there are more of the things to look out for.
I wonder how people could adjust to tough times when no "recovery packages" are provide by the government and that people most too often has to look out for other options to get extra dollars in pocket.
Src
Not every people are living in American Dream and the life of European status. There are demands and what comes top of the list that - size of national economy is shrinking, jobs pay less and even if the #business one or two moving on to back up expenses, still it falls short of meeting the demands.
So, what is happening in real time ?
The problem is in the "price #depreciation" and if a native currency start to lose value compared to other global currency then international trades would be less in number. If a state controlled agency could buy 10 cars with 1Million local currency (as suppose), with such level of depreciating rate instantly 2× supply of cashes cant buy that !
In such situation what options are left for people to choose for?
Now, online infrastructure can be used to get rid of such situation . If digital trades are adopted and #cryptocurrency with a global exchange rate helps to grow one's asset column - then its great for one to move on with it, tackling the local inflation to a big extent.
People far too often complain that crypto being #volatile, that its not good to bank on the coins that are speculative in nature and can lead to a series of financial loss if proceeded by staking cashes into it.
But, to some extent, as local currency has a lot to offer to and the pain of #inflation and because of what - people are to choose to other assets to survive and fill up the expenses time to time.
Src
At least with crypto adoption, people dont have to deal with bordered systems of price slowdown. There are the international standard set for crypto and globally the #price of a token is the same.
When options are less and like I mentioned that prices start to boom and then heavy burdens are there in terms of financing own #expenses - online trading should be something that could help lift up from such situations.
Maybe if 5% of #expenses of foods,medical bills and the other entertainment expenditures are met, then thats a little push. Who could provide in dire times than those vital coins ?
It is upto the choices to make and I guess people are too busy and smart to decide and add progress. #Tokenized economy would certainly help to grow and lift from such matters.
In the future, its most likely to develop, I guess.
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