Wednesday, June 16, 2021
JAY TALKS CRYPTO
No Result
View All Result
  • Home
  • Bitcoin
    • Bitcoin Live
    • Nuovi Casino
    • Bonus Casino Senza Deposito
    • Best UK Non Gamstop Casinos 2025
    • Casinos Not On Gamstop
    • Casino Non AAMS
    • Non Gamstop Casino
  • Ethereum
  • Cryptocurrency
    • Cryptocurrency live
  • Altcoins
    • Altcoins Daily
  • Cardano
    • Cardano Price Prediction
  • XLM Live
    • XLM
  • XRP
  • Litecoins
  • Dogecoin
  • More
    • Coingecko
    • Coin Bureau
  • Videos
JAY TALKS CRYPTO
No Result
View All Result
Home Bitcoin Live

1.2 Billion People Live Under Double-Digit Inflation, ‘Many Have Found Escape in Bitcoin’ Says HRF’s Alex Gladstein – Economics Bitcoin News

admin by admin
March 9, 2021
in Bitcoin Live
0
1.2 Billion People Live Under Double-Digit Inflation, ‘Many Have Found Escape in Bitcoin’ Says HRF’s Alex Gladstein – Economics Bitcoin News
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


While central banks are focusing on creating more stimulus and economists expect inflation in the U.S. to rise, a number of other countries are suffering from considerable inflation right now. On Monday, the chief strategy officer for the Human Rights Foundation, Alex Gladstein, explained that 1.2 billion global citizens are living under inflation rates as high as two to three-digits.

Inflation: The Silent Killer of an Individual’s Purchasing Power

During the last week, a number of analysts and economists have been discussing the possible inflation rise coming to the U.S., mostly because of the massive amounts of stimulus created in 2020 and 2021. It has led economists to believe that inflation is coming to the U.S. soon, as the Federal Reserve is backed into a corner with plans to keep the easy-money schemes going strong.

Inflation is the depletion of a currency’s purchasing power paired against goods and services over time. Inflation can be measured by observing the currency’s purchasing power over a period of recorded time.

For instance, an inflation calculator will tell an American how much the U.S. dollar’s purchasing power has lost since 1913, the very year the Federal Reserve was created. According to data, if a person spent $20 on an item back in 1913, the same service, product, or item will cost $528.45 today.

That’s a cumulative rate of inflation of 2542.2% over the course of 107 years. But the U.S. inflation rate per annum is allegedly only 1.50%, according to 2021 data stemming from worldpopulationreview.com. The UK’s inflation rate is roughly the same as the United States according to current stats as well.

Alex Gladstein: ‘1.2 Billion People Live in Countries Experiencing from Double or Triple-Digit Inflation’

The rate of inflation in the U.S. is paltry compared to many other countries worldwide. The chief strategy officer for the Human Rights Foundation, Alex Gladstein highlighted this issue on Monday in a series of tweets. Gladstein is also a bitcoin (BTC) proponent and has been an evangelist for the leading crypto asset for quite some time.

“Many might think that extreme inflation is a rare occurrence in today’s modern world,” Gladstein said to his 27,000 Twitter followers on Monday. “That’s simply not the case. There are 1.2 billion people currently living in countries experiencing double or triple-digit inflation,” Gladstein insisted.

Current inflation rates by country data stemming from worldpopulationreview.com statistics on March 9, 2021.

Then the Human Rights Foundation (HRF) team member rattled off 11 countries with inflation ranging from 10% – 20%. He included Haiti, Nigeria, Turkey, Sierra Leone, Uzbekistan, Guinea, Liberia, Pakistan, Kyrgyzstan, Ghana, and Tajikistan. The HRF member’s stats can be compared to worldpopulationreview.com’s inflation rates by country 2021 list.

Additionally, Gladstein listed ten countries “with inflation north of 20%.” Gladstein wrote that this list includes Ethiopia, Zambia, Libya, Congo, Angola, Yemen, South Sudan, Argentina, North Korea, and Cuba.

Gladstein further tweeted six countries that have inflation rates north of 50%. The six countries the HRF member listed include:

  • Iran
  • Lebanon
  • Syria
  • Sudan
  • Zimbabwe
  • Venezuela

“It is hard to get good inflation data for most countries,” Gladstein added. “This analysis was done comparing a handful of the top sources. Some vary significantly. Additional countries are going through revolutions/coups and are experiencing currency shocks, but fresh data is hard to find,” the HRF chief strategy officer said. Gladstein insists that it is “clear that some [governments] fabricate economic data and that things on the ground are far worse than what they report.”

Gladstein concluded:

Either way, in sum, there are more than a billion people whose currency is quickly shrinking in value. Many have already found an escape in Bitcoin.

Comparing Gladstein’s analysis on Twitter to the data stemming from worldpopulationreview.com stats and a number of other currency inflation aggregators shows that his data is solid. It means that the 1.2 billion inhabitants on earth are seeing their purchasing power erode much faster than in the U.S. or in Europe.

The diminishing purchasing power in these countries has forced global citizens to find safety from inflation. Comparing the fact that many of these countries with inflation rates north of 20% to even 50% are seeing bitcoin (BTC) prices reach all-time highs and even global premiums, shows demand for BTC is much higher in these regions.

What do you think about the Human Rights Foundation’s Alex Gladstein and his inflation analysis? Let us know what you think about this subject in the comments section below.

Tags in this story
1.2 billion, Alex Gladstein, Bitcoin, Bitcoin (BTC), BTC, Currency Inflation, Double-Digit Inflation, economics, HRF, Human Rights Foundation, Hyperinflation, inflation, Inflation Data, Iran, Lebanon, Sudan, syria, Venezuela, Zimbabwe

Image Credits: Shutterstock, Pixabay, Wiki Commons, worldpopulationreview.com, usinflationcalculator.com,

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.





Source link

Related articles

Watch Jim Cramer on TheStreet Tuesday, June 15

Watch Jim Cramer on TheStreet Tuesday, June 15

June 16, 2021
‘Shocking’ inflation will end, hurt reopening stocks: David Rosenberg

‘Shocking’ inflation will end, hurt reopening stocks: David Rosenberg

June 15, 2021
Tags: AlexBillionBitcoinDoubleDigitEconomicsEscapeGladsteinHRFsInflationLiveNewsPeople
Share76Tweet47

Related Posts

Watch Jim Cramer on TheStreet Tuesday, June 15

Watch Jim Cramer on TheStreet Tuesday, June 15

by admin
June 16, 2021
0

In Tuesday's episode of TheStreet Live, Jim Cramer and Katherine Ross talk Bitcoin, the Fed, DraftKings  (DKNG) - Get...

‘Shocking’ inflation will end, hurt reopening stocks: David Rosenberg

‘Shocking’ inflation will end, hurt reopening stocks: David Rosenberg

by admin
June 15, 2021
0

Economist David Rosenberg believes the bond market is getting inflation right and yields shouldn't trade at higher levels.His reasoning:...

The Best Stocks, Crypto & Trading Strategies for YOU to Make Money, LIVE SUN 6/6 @8:30PM EST! – True Trading Group

Tuesday's Crypto & Stock Market Live Trading Recap - Learn, Trade, & Profit @ 6:30 PM EST! - True Trading Group

by admin
June 15, 2021
0

Tuesday's Crypto & Stock Market Live Trading Recap - Learn, Trade, & Profit @ 6:30 PM EST!  True Trading Group...

What ED’s notice to WazirX means for Indian crypto traders?

What ED’s notice to WazirX means for Indian crypto traders?

by admin
June 15, 2021
0

The Enforcement Directorate (ED) on Friday said it has issued a notice to cryptocurrency exchange WazirX for violating the...

Markets Live, Tuesday 15 June, 2021

Markets Live, Tuesday 15 June, 2021

by admin
June 15, 2021
0

The Australian sharemarket pressed towards an unprecedented 7400 points on Tuesday as a host of mega-cap stocks set new...

Load More
  • Trending
  • Comments
  • Latest
2021 Coinbase Debit Card Review • Pros, Cons & More • Benzinga

2021 Coinbase Debit Card Review • Pros, Cons & More • Benzinga

April 14, 2021
MASSIVE NEWS Hokkaido inu Exchange news+ More! 1000x gem! If you missed shiba inu dont miss this!

MASSIVE NEWS Hokkaido inu Exchange news+ More! 1000x gem! If you missed shiba inu dont miss this!

May 12, 2021
Kishu Inu Mega pump! We called it first! Kishu inu Pump update+ Discord updates!

Kishu Inu Mega pump! We called it first! Kishu inu Pump update+ Discord updates!

May 15, 2021
Shiba Inu coin 1000x Exchange+massive news+ Shib Price Prediction!

Shiba Inu coin 1000x Exchange+massive news+ Shib Price Prediction!

May 11, 2021
SHIBA INU COIN LOOKING TO 100X! CAN SHIBA INU PASS SAFEMOON IN HOLDERS?

SHIBA INU COIN LOOKING TO 100X! CAN SHIBA INU PASS SAFEMOON IN HOLDERS?

0
Want to be rich? Bitcoin’s limited supply cap means you only need 0.01 BTC

Want to be rich? Bitcoin’s limited supply cap means you only need 0.01 BTC

0
Risky business

Risky business

0
Cardano Price Analysis: 07 March

Cardano Price Analysis: 07 March

0
SHIBA INU COIN LOOKING TO 100X! CAN SHIBA INU PASS SAFEMOON IN HOLDERS?

SHIBA INU COIN LOOKING TO 100X! CAN SHIBA INU PASS SAFEMOON IN HOLDERS?

June 16, 2021
Another first for Polkadot as Kusama council approves first parachain slot auction

Another first for Polkadot as Kusama council approves first parachain slot auction

June 16, 2021
Market Wrap: Bitcoin Attempts $40K Break; Sellers Capitulate

Market Wrap: Bitcoin Attempts $40K Break; Sellers Capitulate

June 16, 2021
Ethereum DEX dYdX Closes $65 Million Funding Round

Ethereum DEX dYdX Closes $65 Million Funding Round

June 16, 2021

Recent News

SHIBA INU COIN LOOKING TO 100X! CAN SHIBA INU PASS SAFEMOON IN HOLDERS?

SHIBA INU COIN LOOKING TO 100X! CAN SHIBA INU PASS SAFEMOON IN HOLDERS?

June 16, 2021
Another first for Polkadot as Kusama council approves first parachain slot auction

Another first for Polkadot as Kusama council approves first parachain slot auction

June 16, 2021

Categories

  • Altcoins
  • Altcoins Daily
  • Bitcoin
  • Bitcoin Live
  • Cardano
  • Cardano Price Prediction
  • Coin Bureau
  • Coingecko
  • Cryptocurrency
  • Cryptocurrency live
  • Dogecoin
  • Ethereum
  • Litecoins
  • Videos
  • XLM
  • XLM Live
  • XRP

Follow Us

Calculator

 
  • Privacy & Policy
  • About Us
  • Contact Us

© 2021 Jay Talks Crypto  

No Result
View All Result
  • Home
  • Bitcoin
    • Bitcoin Live
  • Ethereum
  • Cryptocurrency
    • Cryptocurrency live
  • Altcoins
    • Altcoins Daily
  • Cardano
    • Cardano Price Prediction
  • XLM Live
    • XLM
  • XRP
  • Litecoins
  • Dogecoin
  • More
    • Coingecko
    • Coin Bureau
  • Videos

© 2021 Jay Talks Crypto