This reminds me of a quote someone said on The Sky is limit: “ahja dan lenen we hé tgeld is toch gratis”/”then we just borrow some more, the money’s free anyways”..
Weeeeeell……
We are still “paying back” all the money that was printed 14 yrs ago to save the financial system. This is pure theft on a massive scale and i don’t understand why there isn’t more public outrage against this.
Important in this regard is: what causes the inflation? Is it a general devaluation of money and thus all prices rising? Or is it an increase in costs for certain goods and services?
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In this case it’s mainly the second one and mainly due to energy prices (not only energy prices, but still it’s the biggest driver for this wave of inflation).
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So what’s the situation in terms of winners and losers? In this case you’re not necessairily a loser if you saved your money. But you are if you planned on spending it on energy. Someone who needs to drive a lot and lives in an uninsulated house will notice the price changes a lot, while someone in a well insulated whome who cycles to work will only notice the (smaller) price change in the supermarkets.
Remember: if you get less than 7% raise in pay next year, you get a pay cut.
Maybe we should let Turkey join just so we’re not dead last .. again.
A healthy inflation is 2%. Yikes.
At least the ECB isn’t raising the intrest rate, so my salary will go up but my monthly loan payments won’t.
We’re in uncharted waters here..
i suddenly don’t feel so bad about having loaned money for a car last year.
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And the winner is…
Woohoo, we did it !
We are number one
This reminds me of a quote someone said on The Sky is limit: “ahja dan lenen we hé tgeld is toch gratis”/”then we just borrow some more, the money’s free anyways”..
Weeeeeell……
We are still “paying back” all the money that was printed 14 yrs ago to save the financial system. This is pure theft on a massive scale and i don’t understand why there isn’t more public outrage against this.
Important in this regard is: what causes the inflation? Is it a general devaluation of money and thus all prices rising? Or is it an increase in costs for certain goods and services?
​
In this case it’s mainly the second one and mainly due to energy prices (not only energy prices, but still it’s the biggest driver for this wave of inflation).
​
So what’s the situation in terms of winners and losers? In this case you’re not necessairily a loser if you saved your money. But you are if you planned on spending it on energy. Someone who needs to drive a lot and lives in an uninsulated house will notice the price changes a lot, while someone in a well insulated whome who cycles to work will only notice the (smaller) price change in the supermarkets.
Remember: if you get less than 7% raise in pay next year, you get a pay cut.
Maybe we should let Turkey join just so we’re not dead last .. again.
A healthy inflation is 2%. Yikes.
At least the ECB isn’t raising the intrest rate, so my salary will go up but my monthly loan payments won’t.
We’re in uncharted waters here..
i suddenly don’t feel so bad about having loaned money for a car last year.