https://padlet.com/khariwallace/c18kgqo5l6vbkiyd Made with whimsy en-us 2022-04-15 03:11:13 UTC 2022-04-15 20:26:35 UTC hello@padlet.com khariwallace https://padlet.com/khariwallace/c18kgqo5l6vbkiyd/wish/2144618550 Hello and welcome to my padlet! I chose this topic because of its sheer depth and importance. This topic affects our daily lives every single minute of the day. Our quality of living for better or for worse revolves around money. So understanding it's value and how it works is very powerful knowledge to acquire.]]> 2022-04-15 03:53:55 UTC https://padlet.com/khariwallace/c18kgqo5l6vbkiyd/wish/2144618550 khariwallace https://padlet.com/khariwallace/c18kgqo5l6vbkiyd/wish/2144912787 I found this website to be very concise and straight to the point. It breaks downs the meaning of Inflation, Deflation and even Hyperinflation in very clear and simple terms. It explained the Pros and Cons of these terms and why they are so important in the grand scheme of things.



I particular enjoyed the Hyperinflation topic. Which is a dire situation no country wants to get to. Hyperinflation is basically an accelerated version of inflation where prices shoot up to more than 50% more per month. If you bought a box of cereal for $5.00 it would be worth $7.50 at the end of the month, a car worth $20.000 would be $30.000 at the end of the month. This would be a national crisis because clearly a person's money would not be able to keep up with this kind of radical increase




]]> 2022-04-15 13:44:11 UTC https://padlet.com/khariwallace/c18kgqo5l6vbkiyd/wish/2144912787 khariwallace https://padlet.com/khariwallace/c18kgqo5l6vbkiyd/wish/2144927072 I enjoyed this website because it was very detailed. It explained the direct relationship of Inflation vs Interest rates and how they run inversely to eachother. In this website i was able to see infographics, stats and not only issues but potential solutions as well.


I particularly enjoyed learning about the inverse relationship of Inflation and Inflation rates. For instance, when Interest rates decrease, Inflation rates increase. Because Money circulating in the market will decrease, and borrowing will become expensive. Once that happens demand for goods and services decrease. ]]> 2022-04-15 14:05:28 UTC https://padlet.com/khariwallace/c18kgqo5l6vbkiyd/wish/2144927072 khariwallace https://padlet.com/khariwallace/c18kgqo5l6vbkiyd/wish/2145002674 I choose this short video for me because it illustrates how Inflation and Interest rates work in real time. This is a very current video (Based in January 2022) so this highlights the obstacles that our Economy is facing at this very moment. 

I like that the video highlights price hikes in grocery stores, because for many of us the term "Inflation" and "Interest rates" does not really hit home until we feel it's effects on our food. When the single most important tool for our survival is compromised, it forces us to pay closer attention to what is affecting it]]> 2022-04-15 15:55:13 UTC https://padlet.com/khariwallace/c18kgqo5l6vbkiyd/wish/2145002674 khariwallace https://padlet.com/khariwallace/c18kgqo5l6vbkiyd/wish/2145012198 This video backs up the statistics on our current inflation crisis. In August 2021 alone the inflation rate spiked 4.1%. In the video the experts gave tips on combating inflation.


The standout part of this video is the tips given to the viewer on how to respond to inflation. Such as we of the Labor Force should not just wait for the market to set the price, we should not wait for the government to increase our wages. We need to be the ones who control the economy, and this would be done by demanding higher wages. If we were to strike from work, it would cause a ripple effect because Companies would have to take action because the demand for workers would increase, causing them to increase wages to attract the lost workers]]> 2022-04-15 16:09:49 UTC https://padlet.com/khariwallace/c18kgqo5l6vbkiyd/wish/2145012198 khariwallace https://padlet.com/khariwallace/c18kgqo5l6vbkiyd/wish/2145105241 This Article is from the official Bank of Canada. They highlight how they determine their overnight rates. They speak about their balance sheet, the CPI inflation and it's plans to control rising inflation.

I really enjoy reading the perspective from the Banks themselves, the very entity that controls the economy, and how they see the inflation issue. They speak about how the Overnight rate works, which is when Banks come together to borrow and lend money. They settle based on data taken from the CPI (Consumer Price Index) where they narrow in on goods typically used by canadians and the current pricing of these goods. When they settle on their overnight rate, the market is fixed. ]]> 2022-04-15 18:36:35 UTC https://padlet.com/khariwallace/c18kgqo5l6vbkiyd/wish/2145105241 khariwallace https://padlet.com/khariwallace/c18kgqo5l6vbkiyd/wish/2145128566 This article gives the complete year to year breakdown of Inflation in Canada. It also gives a breakdown of every other country in the world and measures the inflation rate of Canada in comparison

I enjoy this article because it gives me cold hard data. I can see the rate of inflation for every year since since 1960. And the troubling information that i took out of this article is that Canada has not experienced significant growth in their economy since the mid 70s to early 80's. For the past 50 years the economy has had minimal growth at best. And this reflects within the rate of inflation. For instance in 1972-75 The Canadian economy experience a growth of 3% on average. From 2019-2022 the Canadian economy has experienced a decrease of 2% on average.]]> 2022-04-15 19:21:48 UTC https://padlet.com/khariwallace/c18kgqo5l6vbkiyd/wish/2145128566 khariwallace https://padlet.com/khariwallace/c18kgqo5l6vbkiyd/wish/2145138705 A very informative video from a political standpoint. This video highlights how government spending has affected inflation, the actual process of it and the potential repercussions. Through this i came across a new economic term called "stagflation"

This video highlights "Stagflation" which is double digits inflation rates, while still having sky high interest rates. This caused crippling unemployment numbers and basically sent the economy into a recession. It was alarming to find out that federal spending soared to over 100% (28 billion to 343 billion) This indicated a 40% increase in the federal debt in just one year. The video spells out that because the government is printing more and more money every year, it is devaluing it's currency. Which in turn increases the amount of inflation every year.]]> 2022-04-15 19:42:53 UTC https://padlet.com/khariwallace/c18kgqo5l6vbkiyd/wish/2145138705 khariwallace https://padlet.com/khariwallace/c18kgqo5l6vbkiyd/wish/2145148076 I found this video to be excellent as the host challenged the the government official - the Minister of Finance for Edmonton. On inflation rates and their plans to decrease it.

I enjoyed listening to both their reasonings as to why Canada's inflation problems are so severe at the moment. The Minister highlighted issues like Canadians overbuying goods during the pandemic, which shorted the Supply Chain, also talked about the war in Ukraine as a factor as to why things are as difficult as they are. He brought up new government shelter to put more money in the average person's pockets on a monthly basis. The Host however (and accurately) challenged this notion of putting "a little bit of change" in the average Canadian's pocket, and how it does nothing to actually decrease inflation. A very good video with real questions challenging the direction of our leadership.


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