Inflation

IMF warn that inflation may be more persistent and hard to beat without a recession..

They DID give the money to the people. Bags of the stuff. Unlike 2008 when it was ringfenced into shoring up the banking system.

40% of the USD money supply (M2 measure I think) was created within the past 2 years. With the ECB it's worse. Up to early 2020, the yoyo had lost 40% of its purchasing power since it's inception (it's engineered in).

They don't need to give out more money(but they will). They should be giving out sense and financial education 101.

Stop expecting the govt to save you and just go buy some silver. Or rather sell paper and get some real money.

Edit: to chime with your sentiment though, the gap between asset owners and wage earners has increased since the early 80s. This is primarily due to the USA decoupling currency from gold or, more succinctly, 'money' from an absolute value and hence money from consequences.

Governments will increase the supply of aid to society as they crank up the digital printing presses. But giving out devalued money is the same con as a share split.

Sadly, the vast majority understand the power of money but not the nature of it. The whole thing is badly broken. A lot of pain overdue.

23% VAT is charged on silver Gold is VAT free

We have had quantitive easing for years , the current rise in inflation is caused by rising price of oil, gas, energy , the supply chain crisis, shortage of basic materials, factory's and company's have to raise prices to cover extra costs, some industry's have had to raise wages to attact workers.

There's no easy way to reduce inflation considering the many factors involved it's worse for people on low wages or a fixed income like retired older people

Say you get paid 25k now in a years time the spending power of that income will be maybe 20 or 21k in terms of the bills you pay, esb, gas, petrol. Food. Our government has little power or influence , EU governments will have to agree to follow policy's that reduce the cost of energy and try and get the supply chain back to normal operations. One example all large buildings in Germany have to install solar panels to get a building permit

country's could build more wind or solar power units to reduce reliance on oil imports

There, ll be more economic disparity Re third world country's and EU countrys, some country's outside the EU will struggle to pay large debts as interest rates rise

Wonder what China will want off them when they give them debt forgiveness. This is just the start of it nearly all of Africa is bankrolled by either China or Russia. The west was asleep while the East has bought their influence on these emerging economies. Sri Lanka is a disaster at the minute, many more like Kenya ready to default too.

Silver is the most undervalued and suppressed commodity, having not since breached it's 1980 high. Buying silver as investments, sure, but buying silver privately (if you know how to check it) is a no-brainer at this point.

It will be the euro or the EU that will be the choice. The euro has spent most of its existence in crisis and if some countries like Italy don't abandon it, they will be destroyed with interest rates and that will show even more seeds of populism and anti-EU sentiment.

We weren’t anything close to that- there was still considerable economic activity and wealth generation going on even at Rock bottom- farmers certainly didn’t stop growing crops or raising livestock here for example. Sounds like a particularly badly run country- those fundamental problems did not happen overnight

With the way inflation is going there must be many items (food and otherwise) worth stockpiling in the home, if people have the storage. Almost everything is likely to get significantly more expensive, permanently in a lot of cases.

Own brand milk now gone up to €1.89 across the board for 2 litres.

Why silver? I mean it's only a metal with perceived value at the end of the day.

Leave SF alone lol.

Yes it's that perceived value that makes the electricity hop along it and the bacteria hop right off it....

#EuropeanGreenDeal

FYSA: Silver is a finite commodity, almost always a by-product of other mining activities.

Anyway, school's over. Revisit the the thread in due course and we can reconvene and discuss learning outcomes.