The rising cost of living is causing economic turbulence across Latin America.
In Chile, inflation is forecast to hit 12 percent by the end of this year, fueled – in part – by political uncertainty.
Al Jazeera’s @Lucia Newman reports from Santiago, Chile.
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#News #Chile #Inflation #Fuel #LatinAmerica
Power of Russia 💪
The power of stench?
It’s horrible, but having a stash of US dollars is extremely helpful in the developing world.
@Sl Breed alot of countries use the dollar over their own countries currency.
I’m not going to play the blame game. You’ll just have to do your own research on the reason for the Russian and Ukraine conflict.
I always “follow the money” as my main source of reliable information.
Studying macroeconomic history has helped me better position myself for the 💩 show that’s been going on in the world. It’s allowed me to see a great deal of this nonsense coming.
“History may not repeat, but it sure does rhyme.
@sky loewen which countries use the dollar as their own currency over their own? I think reserve currency is different to mainland currency. Not sure I understand what you are saying
@Sl Breed look it up!
Personally I know Cambodia took my USD.
In this video it said Chile took USD, even saw things priced in usd. Many countries do it.
Not to mention many countries central banks hold USD for international trade.
Why “was”? What Latin American economy is more stable than Chile’s now?
Argentina jp
Uruguay comes to mind.
None, Chile was richest country in south America for a while.
Mexico.
Venezuela
Lmao, the butcher is just straight up charging in US currency.
Actually, they use kind of a dollar sign, but it reflects pesos. If you look at the numbers they are not corresponding to US dollars. E.g. the translator says that the saleswoman bought something for 12 dollars, but the woman is saying “once luca”, meaning “11 thousand [chilean pesos]”.
I see a lot of women there that are plump, maybe they need to eat less.
It genetic
Most Chileans have Indian blood
wtf
Wtf?
@Ömer Faruk Karaboğa FTW
Interesting new development. My theory for the security,prosperity and insuring of liberty for the ”’ Collective Of Global Civilization” best at this Point In Time.
Good News is that Eye Love You. Calling for an immediate ceasefire !
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What say ye ? Will you join the Dancing Goddess & Dragon Kingdom for World Peace ? Can u support, volunteer, bless & love Adrian Hannah Dragon’s World Peace Work ?
Take it back. Teach them greed destroys. Destroy them.
Your getting what you voted for. You removed a right capitalist and installed a far left socialist. Smh.
The wealthy are trying to bring us to our knees but with Gods help we will not .
Amen.
High food prices are just what fat people need.
*I’m 54 and Even in the economic fluctuations, I’m so excited I’ve been earning $45,000 from my $10,000 investment every 10days.*
Always wonder why these scammers always have three words name. Like having three words in your name makes you so much more trustworthy 😂
Scammmm
Scam
Scam
Crypto scammer alert
Maybe, it’s bad in Chili, but not in Europe, like some “experts” say. I live in Europe, in Holland, but I don’t feel economic consequences of the war in Ukraine. I’m 25 and work full-time without higher education. My life is still not worse than in 2019. Food prices are a little bit higher now, but it’s not really bad.
Maybe he has no car, no electric gadgets, and drinks water only so he doesn’t eat. LOL
Chile
Please come out from your palace look how common people are suffering in Europe.
Is it really necessary to be so tabloid? …I’m Chilean and the stores in the malls are full, why don’t they show that?… true, that doesn’t sell in today’s sensationalism. There is poverty, as there has always been.
Malls are full
But are they buying or looking ?
Theyre going to the malls for the free aircon
@David de Fortier just like in philippines free air-conditioning and dream
Ooh, baby, do you know what that’s worth? Ooh, Heaven is a place on Earth. They say in Heaven, love comes first.
We’ll make Heaven a place on Earth. Ooh, Heaven is a place on Earth. In this world we’re just beginning. To understand the miracle of livin’. Baby, I was afraid before, But I’m not afraid anymore! NATO. is “What Happened” when: “They Did NOT Eliminate ALL NAZI’s , after WW2. Level the “Pentagon”, and EVERY NATO “Sympathizer.” PEACE
All fault of the left 😡😡😡
Booming commodity supercycle
A
WeF said they wanted to implement policies to bring economic hardship to the global population. I guess their puppets are implementing their agenda now
what is this wef i keep hearing about ?
@Pesteanv Stefan
World Economic Forum.
Chileans 🤣🤣
Y con los comunistas en el poder… Estamos hasta el loly.
I’m sure more communism will solve the problem.
storm.the presidential palace 😂
… not sure if this is the most effective way to combat inflation
So barbar
no child policy for those below poverty and eon child policy for those below median income.
All the Governments did same thing causing Inflation across the Globe
Thank god I am not Chilean
Omg
Low salary
High prices
Stress
false nationalism which borders on n Korean style patriotism
Bad food
Beautiful country but just awful
unless you’re part of the elites and then it becomes an absolute paradise.
It’s a global problem. Europe is paying $7-10.00 a gallon. Everything is up but wages.
@Sion Barzad cafiches del estado
What happened to the copia feliz de Eden? 😆🤣😂
I’m 54 and Even in the economic fluctuations, I’m so excited I’ve been earning $45,000 from my $10,000 investment every 10days.
Great information, I’ll get in touch with her right away.
@Jamie Williams
This is not the time to bragging about digtail currencies people all over the world are suffering through inflation, and if you made so much cash in 10days why don’t you offer some to charity hmm 🤔🥵
Scammer bot alert
🥺🥺🥺
Brazilian Young adults think that Chile is a example for Brazil include in Socialist ideas 😂😂
Central Bank must stop rising interest rates this is hard time for Chilean 🇨🇱
The alternative is let inflation go and thats much more damaging. If you think interest rates are a hard time for Chileans, wait until theres 30% inflation per year. Raising interest rates will hopefully stabilize their currency so the Country can import petro.
I used to pronounce Chile as Chaa il….
USA besoin need to welcome in women and children urgently
Yeah but not the fat or the ugly, we have enough of those already
Young Ukrainian women please
Let crime rise so humanity can end
You need God in your heart.
you know you’ve got a circus system when you have to pay for gas in a foreign currency
especially you have to pay using the most expensive currency in the world.
All the countries use dollar to buy oil that’s why its called the petro dollar.
Ukraine sorry how can a small country feed the world and give all the gasoline also they are a peg in the system
They supply Russia food so did America
Why because the stores bout over seas
And did not support their countries farmers
Welcome to green energy
You want dirty polluted energy?
I fight inflation by eating simple-cheaper food, riding a bike, and drinking mineral water/smoothies while partying—– fewer expenses, healthier, and still having fun
here I have a vegetable garden and rain water collecting combined with solar panels…. self sufficient where it matters if needed
No booze for me. Actually, no carbonated or sugary drinks either. Water is still cheap and all I need.
Exactly. I bike to work, only drink water and sometimes juice. Eating at home with my girlfriend. No drinking, no smoking and no coffee. Makes me able to save 2/3 of my $75k yearly income at 25 yo. Live below your means and you will easily get through this, it is also good for the planet and good for your equity.
well to be honest inflation its a highest in many decades it is still far far far below to what was experience during the great the depression which we are heading that way so having fun hahahah youre generation its all about party and having fun lets see how long that continues…
I think you may be in need of some Financial education. There was literally no inflation in the Great Depression. There was massive deflation which was a problem. Farmers were pouring milk into the ground because they could not bring it to Market to sell. There were no jobs because no one could pay a living wage, exactly the opposite problem we have today. Massive deflation
This isn’t just an American problem. It’s a global one..
This is a global problem of America’s making.
@Stephen lee you blame the wrong country. But many just want to blame America because it’s just the in thing to do these days.
At least Chile isn’t Argentina.
Please have emergency cash to pay bills for as many months that your money is locked in the closed banks and ATMs. Stores will want cash. an cash will be devalued.
I am 79, but moved to Querétaro,Mexico in 2021, because USA is too deadly and expensive.
Rise up world.
What happens elsewhere can impact all parts of the world. Time to look for other options.
Like what?
@ronnel acido plant your own food and eat just enough, get on ur bicycle, get rid of unnecessary bills like Netflix and don’t buy what you can’t afford. Repair clothes instead of throwing them away. Take some responsibility of your life and be more observant of the times.
Scammer
Dollar Dollar , every fckng place on earth you need dollar , srilanka, Lebanon, Chile etc ,
Hope Russia and Saudi Arabia ditch that damned currency .it’s creating more poverty
To everyone who is afraid of the inflation and food crisis and increasing prices, please don’t worry.
President Biden will solve all these global problems.
We are in safe hands as long as Joe Biden is a president.
Incompetent government. They pressured the previous administration to print out pension money and now they are clueless. Populism and socialism 101
go to the united states of america they welcoming you like the ukrainians
Why chile can’t barter with us and other developed countries for petroleum product with its lithium reserve or chile has to develop its own Electric vehicle infrastructures in collaboration with china or US
As I mentioned the United States basically established the petrol dollar following its victory in world war 2. Part of the deal (spoils of war) was that all countries agreed to only be able to purchase oil in US dollars. It’s been this way since 1945. That’s why the American dollar is the world reserve currency.
They are not Chilean
Go Sri Lankan way
All these leaders worldwide are in adhoc to globalism, WEF, green policies. their career.
They are just empty suits like Obama was.
Few work for their people like Viktor Orban in Hungary, Kagame in Rwanda and Putin in Russia.
The journalist said at the end: “the most estable economy” what a liar!!!
CHILE needs to start growing food yesterday
They already produce a lot of fresh fruits and vegetables for the global market. The problem comes where farmers find it more lucrative to export than to sell to their own country.
Overheated the economy with aggressive pandemic subsidies … hm … have we not heard this before …
Theyre rewriting their consitution. This is why Latin America is poor.
I’m 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, we are finding it impossible to replace it. We can get by, but cant seem to get ahead. My condolences to anyone retiring in this crisis, 40years nonstop just for a crooked system to take all you worked for,
Many in latin america did not think chile was a stable economy because they became rich so quickly like USA with mining for copper and other minerals with mono culture farming stealing water from every day people avocado fruits wine and with toxic salmon farming not equating the true cost because the massive environmental damage was not factor in just like the USA. I m 100% genx wont get a single penny for retirement because the system would be broken by than so i left the USA and i dont pay taxes into a collapsing system….
Don’t worry! Biden will save us and give us more stimmies and unemployment checks. I made almost 70% during Covid on unemployment for 2 years and got my rent waived off.
@Rolando Manuel Good riddance. If you can’t make it here it’s your own fault
Don’t worry, it is going to be much much worst. You have no idea how bad it is going to be
@Y.C Schmidlin Nonsense.
the best weapon against inflation and suffering is to have more babies.
Seriously it is very painful even for middle class to buy groceries these day. This is also the situation in many countries including US. We are cutting down on many things and trying to live on tight monthly budget.
That’s also true for Philippines middle class.
NATO sanctions that backfire.
cause chaos around WEST / EUROPE
Still can afford food for the cat…you’re still rich.
Promising free money to the poor in order to get into office and take money from the country. SOP.
time to garden…!
Chile was the greatest south American country when it was ruled by the right ….now welcome to economic decline with the leftist policies ….
So much for the great replacement theory that they speak of in the US; all I saw were whites there and no indigenous peoples shown.
My preparation to face the next economic crisis is by buying 5 grams of KCN. When i can’t hold on any longer, just take it and then say goodbye to this fvcking life with the fvckibg system. Life is pointless and meaningless existence.
In this new world order what do got on me…go back to living off the land…
The whole world seeing inflation now thar quantitative easing has been removed and it seemed that the most vulnerable page societies are seeing the effects first and I was just economies built on the false money however eventually it will be spreading all over the world no country will be exempt extreme crash
It’s all lies starvation is the agenda
Government need to work on trying to self sustainable energy and self sustainable food production. If the country near a salt water they need to invest in desalination plant.
Really happy to see how they enjoy the COMMUNISM
THEY WANTED COMMUNISM
Citizens must join together for peaceful protest.
Let’s go Brandon!
I thought Chile was a major agricultural exporter. Am I mistaken?
Humans are greedy and destructive and multiply like cancer cells. Now they are complaining they have to pay a lot for food. Well, keep destroying the planet and see how much cheaper your food will get. It’s also funny that most of the people you see in these images are overweight. I am sure most of them could survive for months on their fat reserves alone. And gas is expensive? Well, use bicycles or public transport or small cars and your expenses will go down.
These people are still masking. Remove World Exonomic forum members
As turkey is not on good terms with Russia, what happens when Russia hike the price of wheat? Regarding Ukrainian wheat, major portion of it is needed to feed the people still living there plus reserves for seeding for the next season !!
Best ways are international trade through other currencies or barter system. Many Asian countries adopting to that system.