R dept trap debt and inflation. Bn spoen thus represents the fastest way to poverty

When did the national statistics publish the July one days ago?
inflation, economists and central banks shook their heads. Nobody expected e consumer prices will increase meziron and thus sharply, by 3.4 percent.

They are also found elsewhere. Teba v Germany. Mr inflation there in July she even went more vigorously, to 3.7 percent. Not since the 90s. The Germans in the collective memory shared the hyperinflation of the Vmarsk Republic. At that time, a nice number of new pensions, brand, stirred up anti-Semitic sentiment. Traders and banks, speculators, were to blame for the hyperinflation, and the nationalist team managed to convince the vast majority of the public that these marks were only Jewish confetti. These sentiments were subsequently politically disgustingly capitalized by Adolf Hitler, who turned into the Leader.

Rapidn inflan pressures year 2021 they are globln a laziness. Go smvnj not more than today, therefore, the way of argumentation of zealous followers euroswho until recently claimed that before the downturn inflac Czech Republic would protect the adoption of a single European currency. Citeln inflation represents the echo of a pandemic. Like when we go to the office after thirteen days of illness and we have to go, weakened by the past illness, to catch up, what we locked up during those two weeks, to process all e-mails, and at the same time to go to our daily agenda. So we have a lot of time, we are overwhelmed, as there are a lot of tracks. as healthy.

Ve svt nyn healthy as, zbo a services. Planet Dohn lost a losk year. Try to catch up on what she locked last year. Suddenly the world wants to make more or, build faster, take bugs cars ipy or building materials. Do not stop producing also because the fact that until recently applied a strict anti-pandemic patent, has slowed down production, and therefore hello. as are pensions.

Navc too pepravn crisis. Error pepravn containers. In Asia, the burden of anti-pandemics is reduced patent in pstavy, now opt in connection with delta
mutac covidu. That’s not the end of it. Souasn inflation it is fixed only on foot. Like when nm after return after illness to prce In the end, the furnaces just make up for the crumbs. Just on foot inflation nav persistent inflan pressures. Pat among the green revolutions of the EU, which hello Absolutely in, about plates, even hundreds of percent. A proposal for an EU member climate package is presented in July hello ve produced fossil energy or thanks to n operated, incl steel, cement, clay, or, living, election, tickets, imported goods, from electronics dog dressed to food …

Kvli rapidn inflation Today, unfortunately, the salary is double, and who spo, sho. Due to record low, almost zero years rates on deposits in banks today is bn spool
practically the fastest on the way into poverty. IN Germany they’re on it. You report it inflation, the Nmc series has even a nominal year on its deposits. The negative year on deposits is the result of the announcement euros and policies European Central Bank… Ta neme dopustit bankruptcy
ecka a Itlie, for the first two years of the world a record low, and in dispute.
ECB se tak ocit v trasti dluhu, el praktick nemonosti sv roky zvit. For storage ecka a Itlie, and therefore for protection eurozny as it were, I made me feel bad; mn, not if they paid in euros.

Even so, the pace of value-added disputes dreamed significantly. In the 90s, the left was so convicted today, it was possible to go one year. Today u nen mon. The present of the parties to debtors and dispersals, while the code of creditors, officials and responsible management. The left likes such a perverted time, because the indefinite part of responsible management is thus limited by the number of people, including the sale of resources.

In the half of the capitalist 90. pi ron vpovdn lht on kapitlov vkladn knce dokal stadatel years rates teba trnct percent. Therefore, whoever established such a passbook at the end of 1994, had his disputes appreciated by 4.9 percent over the next twelve months. Consumer inflation this was in 1995 9.1 percent.
Average gross msn wage corresponded to 8307 crowns in the same year. So who wanted in 1995, ie a year so that the real evaluation of his dispute corresponds to a hundred average gross wages, 99 684 crown, he had to put two million lightly on the dog crown, about 2,035,000
crown. It was about twenty times the then average ron wages. Today, such a pension would not be even delayed in disputes. Not even a deposit corresponding to a thousand times the current gross average wages would not happen by accident today.

The situation can be adapted to the rather limited amount of disputes on current deposits spocch and termnovch tech. These pensions are msto invest it in you. The sweat is that e
investovn it is not risky spool. Although it is possible to find investment products that are relatively low risk, it is still a salary that without taking the risk of losing your pension today, the hunter loses his pension for sure. From the year today ut is not possible. It’s just that you take the risk investovnso that the pension does not hurt spool, resp. therefore inflation you not a year on deposits.

Luke Kovanda, Ph.D.

Nrodn ekonomick rada vldy (NERV)

Chief Economist, Trinity Bank