High oil and gasoline prices disturbed the economic system of the world as the prices of oil are increased by $138.54 on last weekend. Millions of people are suffering from alarming impacts of inflation now a days all around the world which led them into absolute depression.
Meanwhile, the president of the United States said that this is general rise in the price of oil and gasoline. But, the people are getting so much agitated that some of them had attempted for suicides.
Inflation is prevailing not only in the United States, but also in other countries of the world. For example, inflation became prominent in the Asian countries. The oil and gasoline prices are increasing day by day which led the people into a huge kind of worry and depression.
James Cordier, president of Tampa, Fla- based trading firm Liberty Trading Group, described on oil’s jump Friday that as the prices of oil and gasoline are increasing day by day, there is a lesser driving aptitude in the people.
Prevailing inflation is causing a huge impact on various institutes of the economy in the world, such as banking sector, trade, business, industry, education, etc.
As inflation is cruising along the corners of the world, the natural disasters are occurring. These calamities include famines, earthquakes, hurricanes, storms, starvations, bomb blasting, and floods, etc.
The religious practitioners are saying that prevailing inflation in the world is the result of our deeds, such as conflictions, terrorism and ethnicity. Today, you would see more and more killing incidents rather than listening to happy news. This is described by various religious scholars of various religions like Muslims, Hindus, Jews, Christians and Catholics, etc.
When all the religious leaders of the world are saying that sudden changing in the environment of the world is the result of deeds of human beings, why do the people of the world not understand the fact of changing their wrong deeds?
So, it’s time to think seriously and positively. The regimes of the world could play an important role to control upon inflation by enhancing more and more trade opportunities and utilization of the resources.
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