UK food price inflation hit 16.2% in October – cost of food basics surging

Re:UK food price inflation hit 16.2% in October – cost of fo... by kaashif on Sunday November 20, 2022 @01:42PM (#33683842)

> It's happening all over the western world.

It's not really happening in the US. The US economy remains strong and may not even go into a significant recession in the next year.

The US dollar remains the world reserve currency and allows unparalleled monetary and fiscal policy freedom. No-one is losing confidence in the dollar the same way they did in the pound.

Inflation is coming down in the US and it's in a fantastic place in terms of energy and food security.

The decline of "the West" you refer to is really the decline of Europe.

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Re:UK food price inflation hit 16.2% in October – cost of fo... by jphsnsir on Sunday November 20, 2022 @02:02PM (#33684028)

True, but how long will the rest of the world accept the USD as universal currency. When they don't the US can't keep printing, so the US will do everything to keep its current position. The 'switch' will be the problem of our generation.

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Re:UK food price inflation hit 16.2% in October – cost of fo... by yufeng66 on Sunday November 20, 2022 @06:00PM (#33686454)

I have been in finance industry for more than 20 years. People have been talking about replacing USD as reserve currency for as long as I can remember. The problem is nothing else is better. EUR? JPY? GBP? CNY? Gold? All of them have more issues compared to USD.

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Re:UK food price inflation hit 16.2% in October – cost of fo... by kayamon on Sunday November 20, 2022 @11:44PM (#33688869)

There's currencies now you can trade online that aren't controlled by any one country.

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Re:UK food price inflation hit 16.2% in October – cost of fo... by Tesl on Monday November 21, 2022 @06:22AM (#33691336)

yeah lets back the real world economy with giant ponzi schemes, good thinking chief.

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