Topic: Any help about how the world is run economically? (Read 1677 times)

To work smartly is the best thing to do and the work is smoothly running in the world because everything in the world is business and it also taking all the risk that is the reason why we need to acquire what is the happenings. In bitcoin it runs the economic smoothly approaching to success.

Don't be fooled by the propaganda of anyone can become rich.  Class mobility is extremely difficult without connections and a good upbringing.

We do have enough resources for everyone but the wealthy like to hoard everything for themselves.  Eventually they poor citizens will realize they out number the wealthy and revolution will eventually happen again once as wealth inequality continues to grow.

Everybody has the chance to become rich but why they are still poor despite of the hardwork that they do.  Even they workhard but the salary is not enough for their expenses how can they be rich.
Another reason is they dont know how to save money. Printing a lot of money is not a way, its the people who should make their way if they want to be rich. Do your things that can make you rich in a good way.

Printing money out of nowhere is precisely what the government does and why we are in such a difficult financial situation in the first place, people are poor for several reasons and it is not something that can solved very easily but one of the reasons is precisely that the government is stealing the wealth of their citizens by printing money, and only those at the top benefit from those policies because they form part of the inner circle of friends of politicians.

For one thing, you have to realize that printing more money is not the solution. Next is, people tend to hold down jobs but jobs don't makr you rich, business does. I think the problem of people these days is a kind set. They're on the fence for building a business because they don't want to fail.

I think the problem is that there are way too many people vying for very limited resources. Take a look at what happened in Europe during the spread of the black plague, after the plague it paved the way to the golden ages. I think the same could be said about what's happening now. Too many people too little resources

If central banks print money as much they like, there will be high inflation and its happen in zimbabwe. Government should control their inflation because its about reducing peoples asset value and money value. Some peoples hard work but not work smart and thats the different between rich people and poor people

Most people are currently rich are so because their parents built them a very stable foundation to start their lives, whiles we are jobless after tertiary education their parents have fixed them a job somewhere because they know the person in charge of hiring. Working hard doesn’t lead to success but most of the time knowing someone in the right position.

To be rich is everyones dream .  But how can they do that if they are lack in financial and even cannot finnish their studies. Money is a tool to used in everyday life, to used for financial problems.  They work hard to earn money but they dont know how to handle it carefully. Once money is on their hand, sometimes they  forget to save  and used without  thinking the next day.

It depends on the work of each person and how they think. A person can be rich because they know how to make the most out of a given resource. Hard work is not a bad virtue, but if it does not come with intelligence, it will not work to its full potential.

money is needed to meet the needs of life. but not everyone has the ambition to always make money and get rich. there are some who feel enough just to be able to live and they enjoy life more without being burdened by the need for money. Printing as much money as possible will not solve economic problems, it will cause inflation, the price of goods will rise and the value of the currency will decrease. and at that time, money would not be valuable because there were too many.

Correct, it seems that some people want to achieve some level of uniformity between all people when it comes to their income level or even their wealth but that is simply impossible, what we need to try to achieve is that those that have the least can have a decent life with their incomes and have the chance to eventually get wealthier with hard work and education.

My friend, you need to learn more about financial economy problems, much country give an example as you said although they didn't print money directly but at one point they do it in the same way (free subsidies).

Since ancient times economic problems have been difficult to overcome, and the majority of the problems generally (in this era) they are more obedient to lifestyle than daily needs

But there's a difference between inequality in being rich, as in someone's being richer than someone else (for example, yourself), and inequality in being poor, as in someone's being poorer than someone else (for example, your neighbor). So it is not about inequality as such. The majority of people wouldn't care less if someone were better off than them as long as they are pretty well off themselves.

And it is a totally different matter in being poor as ultimately you have to deal with issues such as mere sustenance, where being poorer may be bordering on living on the streets and eating leftovers from trashcans. In other words, not all inequalities are born equal, which is kinda obvious, pardon the pun.

We cannot all be equally rich - because the earning and spending tendency of people tends to vary. Even if we had a point where everybody starts with the same amount of wealth, inequalities will appear over a period of time. Some people will earn more because they are capable and entrepreneurial - you cannot fault them.

Everyone has the right to be rich, but not everyone must be rich. Because there is no guarantee for those who work hard will become rich. Wealth is not a skill that we can easily choose, to reach this position it will require continuous or consistent effort. To be rich, of course, also requires the ability to be able to manage money well which not everyone has. Besides ability, of course this depends on the amount of their income. It is very unlikely that a person whose income is below his life's needs can become rich.

This definitely cannot be overcome by just saying why the government does not print more money than budgeted, will this not be very good and helpful. It is probably yes, but we also need to know the problems that will arise or arise due to massive money printing, this is not a trivial matter. This will cause inflation for the country, a decline in the value of the currency because the purchasing power of society will increase because they have large amounts.

There are many ways to become rich, but they don't think the way to get rich is basically they don't want to try, they work hard to make money but they can't manage their income to be able to raise their economy, and I think the government prints money not for provide enough for people, because the government will certainly suit economic finance for the people in their country

You do not really understand how this works, if you were to print enough money for everyone then the price of everything will go up, so that is not a solution for the problem, the only thing that we can do is to try to have an education system that is good enough for everyone, that way those that are poor will have a chance to get out of that state of poverty.

This is a tricky question which is also multilayered further complicating it. The complexity of the question lies with the fact that humans are susceptible to proliferation while the amount of available resources is always limited. So no matter how abundant something is, it will eventually become scarce as the population grows. On the other hand, more people makes possible more pronounced division of labor which increases productivity. That, in turn, makes people richer until they start to reproduce again at an increased rate.

Basically, you are asking the wrong questions and trying to solve wrong equations. Your misunderstanding lies with the fact that you consider money as having value on its own. This is a totally wrong assumption. If you exclude money from your question completely, the answer to your post will be very simple. We can't print money since we don't consume it. We consume goods and services, while printing money doesn't add to the amount of goods produced and services available. It is material things we can possess and services we can enjoy, that make us rich. Consequently, the lack of these makes us poor. Money as such is only a mediator here, if you remove it from consideration, nothing will change.

I think you should read some Economics books. there you will find many answers to your questions, and even those that you have not asked

That's what probably the governments of the Republic of Zimbabwe thought. Long story short - printing money will lead to a hyperinflation, if a certain country is poor due to shitty economical system, export, tourism and so on (meaning no one else needs their fiat currency or products) they can't change the situation by printing money, or making salaries higher without serious assets behind all that. It would be nearly the same thing as hiding all the mess and trash in your room into different closets to make it seem tidy instead of cleaning up the mess de facto. There's another reason for that issue - it's corruption, that takes place in the most of developing countries, it actually crushes the economy. Due to corruption less people can develop small business, which is a good index of successful economy, people also immigrate to other countries with more opportunities, due to less developed business and lack of qualified labor the quality of the goods produced declines and thus people buy import production, but not their national and so on. The only way a certain country can become successful is actually people in the government stop being so greedy and unfair.

I would say that the idea behind our modern economy is to figure out a way to translate a person's effort into a value that can be traded for something else. This is in place of the old bartering system. You have one person with eggs, one person with a cow and one person that can fix wells. If the person that can fix wells needs eggs, but the person that has eggs doesn't need his well fixed, you have a problem. In our economy, the person could fix a well for the guy with the cow for money. Then use the money to buy eggs. Maybe the guy who got money for the eggs would use it to buy milk. This is a very limited example, of course, but that's the general idea. Would you mind telling me what resources you think are actually going to be depleted anytime soon?

You see the problem is still limited. The poor are not all greedy. People are also greedy and even you. So consider your actions, because that can affect them.

Basically the sole purpose and aim of economics is to devise way to meet the unlimited and ever growing needs with the limited resources. This has two solutions. Either rise your production which in tern will boost your GDP which will also improve the living standards of the people. Another way is to reduce the demand for luxuries and just consume the basic needs. Since the former does not sounds as impossible as the latter, the world has invented ways to maximize the per capital income and this has given the freedom to consume as much of the depleting natural resources as could be paid for.

This world has never been equal, if someone wants to be rich he has to do something and change his way of living through hard work and ideas, ideas that will change his life and the lives of others as well.
Unlimited spending, uncontrollable expenses and not being wise of holding money.
Inflation.

Greed at all levels does not just happen to the poor. Because everyone wants to give themselves the benefits and material wealth. No one denies them and if there are also very few indexes. But most of the game is the same, also to comply with the rules of the game. Be constructive, then develop more than before.

Central banks can not print money as they like and share it to anybody because its very dangerous for economy. If that happen, paper money will worth like toilet paper because have no value. Inflation will rising and goods will disappear from market

Even we have seen remarkable effect on economy of countries and societies form bitcoin. They have proved themselves as efficient resource that can be helpful for a country to raise its economic health. Developed countries mostly have equipped this method and they are taking things under their control while developing countries are now sleeping and later they would be begging from developed ones.

That kind of mind set will not bring you wealth and that is the reason why you should start your own business in order to have income when cryptocurrency price is dropping.

The reason why many people are poor, is because money is printed like toilet paper! The more money that are being created

by fractional reserve banking from thin air, is one of the main reasons why Bitcoin exist. Satoshi did not agree with the way

fiat currencies were misused by governments and Banks and he created Bitcoin with a capped amount of coins to make sure

that this will not happen in Bitcoin. We know exactly how much bitcoins will be mined and that gives it increased value. 

One feature that makes money worth its  value is scarcity. Whatever resource that is common and easily gotten is cheap. For example water is needed  more than gold but gold is more expensive than water. Though we need water, it's availability to most people makes water extremely cheaper than the price of gold. Same analogy could be applied to the concept of money. If every had too too much money who would work for what ?

How can greed make people poor? I'd love to hear you elaborate on this. I agree that it is good to be grateful for what you have. It doesn't mean that you can't desire something more. The Merriam-Webster definition of 'greed' is "a selfish and excessive desire for more of something (such as money) than is needed". You can have a healthy, reasonable desire for more of something that would not be greed at all. I find it very hard to see how greed can make people poor.

Not everyone can be rich.  If this were the case no one would do the shit jobs and the elite would become angry.  Your in a system which is designed to enslave you.  If your young you may laugh at this but you will see as you get older. Use this dip and take a chance to escape the system. 

Even you earn big money still that's depends on how you use it like if you not save it everytime and buy things that you want then of course if a rich people have mind so they will only get rich and richer then save their money again in again another thing they spend their money in other way to earn big like business i think that's all can happen about money

Greed is what makes people poor. We always want something more thats why we are never contented with what we have. We dont learn to appreciate the little things. If people only learn to embrace the importance of being contented then i think this world will be better in terms of economy.

bitcoin will help smooth the economy in the world, because in addition to the many currencies that enter large countries, I believe that bitcoin will help the economy of society.

They will rejoice with the immediate rewards and spend all that reward. And then they have no plans for their living expenses. It leads to poverty repeating rotation. It is hard to recover and rich, they need to learn more to stabilize. Hope the future will be better.

actually the truth is that it works while saving, it's pretty good, if only you get it and then nothing is saved, we are the same. when can we raise money for the future.

  In general, it should be in a state where there are no thieves or bribe-takers. But we all know very well that corruption and bribery are flourishing in any country. If mankind could overcome these two main factors, it seems to me that all would have lived beautifully.

I think it will break the normal economic cycle if we print more money and it is against the law. If everyone is rich, imagine everyone will have their own business and no one will be entertaining other's business and this might even crash the economy. What other people lack is the opportunity to earn, you can slave your self working in a lifetime without even financially stable if you will not find a good opportunity.

This really depends on what you consider wealthy. One of the definitions of being wealthy means having abundance. One of the definitely of abundance is "more than enough". Of course, not everybody can have their own mansion with a hundred acres of land, but I believe that everybody could be wealthy, meaning have more than enough. I am sure that the world has more than enough resources than we need.

To answer the OP, I truly believe that anybody can become rich if they believe in it.

Maybe because our mindset is wrong. Why can't people get rich, maybe because we can't manage income and expenses. to be rich we must imitate the mindset of the rich.

because they do not know how to manage spending, most people just work to feel happy but not saving. if they are diligent in saving, they will be rich.

If the answers to all those questions you asked can be answered, then we have practically solved say 98% of the world's problem while the remaining 2% will be due to greediness and non contentment nature of human beings. The solution to being rich is really not in the basis of working hard alone. Its a combination of several factors among which would include level of education, family lineage, the economic condition of the country and a host of other factors.

Printing money for everyone to be rich is just not the right answer because if we are all rich, no one would want to sell groceries, nobody would want to work in factories, no one would want to be cleaners to clean the streets or nurse who take care of the sick, the mechanic that fixes cars or the teachers that teaches our wards in school. Every unit and economic level exist to make the whole world habitable.

this of course has a different view, true what you say. many people work hard but they are not yet rich.
and of course it becomes a question, what causes they can not be rich despite having worked hard.
My personal opinion on this subject is: because God is just 

Government are getting their funds through taxes as well as banks where people are placing their money on them and if this people will prefer cryptocurrency then their resources will decrease and that is the reason why governments hate cryptocurrency.

You got it all mixed up when you say 'working hard and yet poor'.  No,  lately, it's not advisable for people to work hard just like that,  but to work smartly and back it up with hard working or determination. That is the secret of a business or any investment.  Now on the issue of printing money for everyone; this can't happen. Printing money won't solve the world problems but instead makes money to be worthless.

I think the easy response to this revolves around productivity, time and resources.

The practice of rationing food or water could represent a decent analogy. A ship at sea with 50 barrels of water could choose to distribute those resources equally at a limited quantity if water became scarce. Society and civilization could operate under similar principles where wealth and value are divided but there is never sufficient wealth or value produced by society for everyone to enjoy a wealthy lifestyle.

In the future that could change. Productivity could increase. Resources such as energy (electricity) could become plentiful and cheap relative to income. The price of food and rent could decline. A decrease in the cost of liabilities could allow people more free time, greater freedom in being able to take more trips and afford more expenses.

I'm not saying its likely any of these things will ever occur.

Advancing technology is making some innovations more affordable to the general public. Over the long term that could translate to a hike in standard of living. Perhaps enough for everyone to live as if they were wealthy, someday.

I would say that people seeking to become rich really depends on how a person motivates himself in order to reach such goal. Becoming rich is not just an overnight event wherein you need to work for it.  In relation to cryptocurrency, an investor should have the right knowledge and understanding on how cryptocurrency works, therefore you need to study and understand everything. I believe that knowledge will keep you fulfill your dream of becoming rich someday since you may able to decide correctly as to what is best coin for investment that may gain profit.

There are many factors that boil down on why people cannot be reach even if they work very hard for it. It can be because of inflation as the population increases and the resources lessens some people have a hard time keeping up with the prices of goods and along with that jobs are getting lesser and harder that is why many people cannot have a good foot hold financially.

The government will not allow the majority to be rich, then they will lose their influence.

Bitcoins is actually considered as a new general currency because there are online stores today who are allowing a cryptocurrency payment method which makes other business to begin believe about the growth of bitcoins.

Yes, money is a drive for most of us.

By that question I'm assuming that you, yourself, aren't rich. I want to say that it's because the current economy was made so that people will continuously work for the rest of their lives but never really become rich. The only way that you become rich is to have a stable job, and then eat as cheap but healthy as possible. Make your lifestyle as cheap as you can. All these just to have enough savings to do business. Of course money isn't the only thing that you need in order to run a business. You need to learn how to run a small business and make your way up to making it a bigger one.

It's because of their lifestyle choice. People work hard and smart and thus they end up having a raise. With this raise, they feel the need to step up their lifestyle when they don't really have to. Just look at the regular employees that are sipping Starbucks coffee as if they can afford it. They can't. It's been long before I realized that these cubicle workers don't really have money saved up. They go abroad, they travel locally, and all these grandeur life that they are having but their salary isn't really that high. They are going to be bankrupt right when emergency money is needed because they aren't saving up. They are earning money but they are spending it right away. They might have saved some, but it's not enough. At least not enough to start a business and get themselves out of poverty.

Because that means everyone will be having money and thus money will have a lower value. We're just going to inflate our currency even more by printing money for everyone. Assuming that everyone has suddenly $1M on their bank account, the things that you can buy with $1M will suddenly become different. If back then you can buy a house and lot for $100K, now it will take a lot more than that since everyone has that kind of money and everyone's willing to pay that amount of money in exchange of a house and lot.

Governments are getting funds from the banks through taxes and if people will prefer to invest on cryptocurrency more than placing their money on the banks then obviously, their funds will reduce.

Why some people are rich?Because they take the risk to build their own business and work harder and smarter,in order to succeed.The majority of the people don`t want to take that risk.They want more security.That`s why they get a "nine to five" job at a fixed salary.There are tons of Youtube videos about this topic.You should check them out.

Did you know that it is virtually impossible for everyone to be wealthy? To understand why, just think for a moment about what it really means to have a lot of money. Resources are not endless. In fact, they become more limited with each passing day. The world population keeps increasing, while Earth’s resources have stayed the same.  A lot more people are clamoring for fewer and fewer resources. As a result, only a few may gain the advantage of having excessive access. Also, if you think about it, if everyone had the same level of income or wealth, then no one would be rich. We all continue to grow richer, but relatively there will always be differences between individuals unless everything was just divided evenly. 

Will not get rich everytime the money is mostly spent on buying your own home or necessities, needing to save or be invested, because investing is so important as in cryptocurrency and other stocks, having invested in making money into money, investing in stocks or what is also very important for the future.
We call the wealthy unbearable, anyone can be satisfied when good at managing money in the draft, hard work at a young age is very likely you become established, after the old enough number you live to allocate for business and whatever.

Actually that makes you not rich because the economic needs are always pressing and your income is only enough for daily needs only. Your job also determines, if your job is good and has a great income means your money management is wrong, try to reduce the unnecessary needs.

Why anyone not become rich? We have a thing called "living". It does have a standards.

What are the reasons why others work hard yet they are still poor? How much does people earned thru their work? It's obvious that it's not enough to reached the status of being rich at some point. The question is not making sense.

Why can't we print enough money for everyone? Inflation. Just imagined how worst the economy will be if printing money is just a piece of cake.

We have more than enough wealth to go around but do a terrible job of allocating it.  The majority of new wealth created goes straight to the top.

If you live in a free market society you are free to become rich, unfortunately it's not the case of everyone in the world.

However even working and being possible to become rich, most people still have precary lives. That is because their jobs can be executed by many others, there is a high supply for this activity, so the employers don't need to raise the wages too much to find workers...

On the another hand, many people don't have an organized life. Too many children = high monthly expenses... Others spend too much money in superfluous things (alcohol, gambling, clothes and accessories, eating out often...).

And I think the reason why money can't be printed deliberately is very clear, right?
If it was possible, fiat system wouldn't be a disaster on long term...

Some of the answers for these are fairly simple.

Say we gave everyone who has Bitcoin another equal amount of Bitcoin. Like if you have one, and everyone else has one, now they have two.

They will all be like, "Oh, I have two times the amount as I did before." So they all try to sell. But there's not enough buyers because there's is now too many Bitcoins in the market. So to sell the sellers now have to lower their price. So even though they have two Bitcoins instead of one, one Bitcoin is now worth a lot less than it was worth when they only had one.

Everyone is free to become rich, it's just a matter of mind setting.

Expenses and the way they handle their finances, if someone works hard but don't work smartly he'll be working all the time of his life.

He work hard but he never invested his money and savings, he needs to work hard all of his time.

Inflation.

Anyone can become rich but not everyone will be rich. Some reasons why others are poor because they don't know how to save money, parents sometimes spend too much money on their kid and look at them as their retirement plan. The government can't just print enough money for everyone because that would cause inflation to the country's currency.

Most human economic activities are influenced by the need for money. But why can anyone not become rich?. What are the reasons why others work hard yet they are still poor? Why can't we print enough money for everyone? Questions like this do appear but there are reasons the answers are opposite.