Topic: Are we headed to a nowhere economic direction ? - page 2. (Read 970 times)

Predicting the future course of the global economy has grown difficult in light of its constant change. We are all plagued by the spectre of inflation which looms large and causes concern. Relying exclusively on our current income seems risky as we navigate these uncertain times because the tides can quickly shift against us. Our creative soul needs to flourish during these uncomfortable times. We must discover the hidden treasures within ourselves and tap into unrealized potential that can transform into a source of nourishment. Our guiding principles shall be creativity and resourcefulness which will show us the way to monetary stability and resilience. Instead of waiting for adversity to strike let's actively embrace our capacity to convert concepts into real value to ensure that our future is rich even as the world around us changes.

That’s not very accurate. Companies can not reduce their work but they will reduce the workforce. The work is not concern in any economic situation. Whether it is downfall or inflation you Call it companies would keep up the work in the same pace they would do in good conditions. They would burden the current employees and give more so that more work can be achieved. That’s how it works for the corporates.

We are not really in wrong direction but we are suffering from the economic depression which is temporary. This is after effect of war, FED going nuts and governments wrecking the entire supply chain.

It's terrible, and in the past it would cause  global economic crisis,and that's what the Russian government was counting on, but I think they miscalculated a bit. Despite all the troubles, we, the world in general, are not heading to a nowhere economic direction. The world economy is strong enough to withstand those difficulties.

That is not to say that we can just relax and flow with the current. We must be ready ourselves for possible economic difficulties in the near future because being prepared never hurts.

To the current economic difficulties are added the problems associated with climate change that has already begun throughout the planet. They talk about global warming, but this has a different impact on specific regions. In some natural conditions will become unsuitable for agriculture, in others it will be necessary to quickly adapt to other crops and agricultural techniques. All this is associated with additional costs and loss of time.

In addition, military tensions and ongoing military conflicts between states have intensified recently. So far, the most terrible for the environment and agriculture is Russia's war in Ukraine. On June 6, Russian invaders blew up Europe's largest Kakhovskaya HPP and this caused enormous damage to agriculture in southern Ukraine. And this means that Ukraine will no longer be able to export agricultural products to other countries and the situation with products will deteriorate sharply.

I was surprised myself, but look what Google gave me to my query "how many people invest in bitcoin":



Seriously, I think that number was 10 times lower couple of years ago, no?

Anyway, looks like things in this department escalate faster than we might think, so, 80% investing in crypto in some countries may be not far from the truth these days.

Except for those countries where inflation is higher than a few tens of percent and lasts for many years, those governments are corrupt and useless. But the countries affected by the last economic crisis cannot say that the government is completely abandoning us and not taking any measures to help the people. It's just that they have unsolvable problems, and there's no one-size-fits-all solution. But instead of waiting for them to come to save us, we should also find a way to save ourselves, not too dependent on them.

I really doubt what this guy says, I don't believe there is a country where 80% of them invest in crypto. We know the percentage of people who know about bitcoin is still very modest unless he is from El Salvador.

You definitely should think about relying on yourself, but on yourself only is hardly possible. Maybe you shouldn't expect some financial help from your government, you should earn money yourself, but you can expect banks and shops working and order on the streets and stuff.


And it's a good thing, people should always want more, that's how economic progress is achieved. Only in dictatorships like North Korea all people are happy with their government, but it's not good for the economy, they are starving. Well, not this guy in particular



but regular people in there, most of them.

The global economy is increasingly difficult to predict, inflation that is happening globally makes us worry, if we only rely on current income then next month or next year we will experience difficulties, before bad things happen we have to be creative by utilizing all the potential that can become money .

What companies do you see now that have reduced the quantity of their production? Because I haven't seen any companies starting to reduce their production quantity at this point as long as the number of production requests is still increasing based on data from buyers of their products this year. So I want you to present a little piece of evidence that you have researched for everyone to see so that everyone knows where the weakening of the economic situation has been this year.

What country is that? You and others are probably lucky to have a government that actually cares for their people, especially the ones on the lower side of the economy who don't earn much to fight the increasing inflation and face a lot of problems when there is an economic crisis within the country, governments barely care about such people or try their best to fight the inflation.

And when it comes to investments in Bitcoin or cryptocurrencies, not a lot of governments in the world are in favor of their people investing their money into them as that will indirectly mean they are losing the power to have financial control over their people.

Well every nation is developing their economy with their own powers, plans and management that execute it. It’s not a simple job either considering you have to move entire national wealth in positive side of Break even point. I some cases having global power is enough to drive them in positive side. Take an example of USA. They are in billions to trillion in debts since few years now and yet the nations GDP is one of the highest around the world. Why so? Because they are mega power and the money that is invested in them always over balances the debts on live scale, virtually.

However, there are still many nations who has managed to grow to new levels with worst challenges you could ever imagine.

I do agree that it is going to happen soon, but unfortunately not that many people are expecting or waiting for that to happen at this moment, they should, but they are not. I know that it is going to cause a lot of trouble for too many people eventually but that doesn't mean that we need to make a big difference in the end, we just need to accept the fact that it is going to end up with a trouble eventually if people do not wait and start selling.

Too many people expect it to be a bit different and that's why we may not go up the way we suppose to. I do believe that we will go up, but we need people to realize inflation and horrible economy is coming soon again so they should stop selling their bitcoin, if we can convince them, then we will see new ATH for sure.

In terms of investing in cryptocurrencies, these virtual currencies are highly liquid and have the potential to increase in value, however, also carry a high risk of risk. Therefore, it is necessary to clarify the research on the cryptocurrency market and devise a prudent investment plan. In the context of economic difficulties, it is necessary to save and manage finances wisely. You can consult financial experts or investors to find a way to manage your finances more effectively.

The economic situation of each country and territory may vary. Right now, however, the recession is happening globally and affecting many countries, not just your own. Economic stimulus measures through fiscal policy, such as lowering interest rates, pumping money, and supporting businesses and individuals, are common solutions by many governments. However, their effects may not be effective in all cases. Investing in savings or real estate are traditional options for financial investments. However, as you mentioned, these areas are also facing many difficulties and uncertainties.

I don't really know the situation in my country for sure. But in the country where I work, the economic situation is slowly improving. All sectors began to show fairly good growth. But the number of people looking for work is much more than the number of job vacancies in a company. The point is there are still many people who do not have a steady income. It's just that I'm quite impressed with the people here. because when they are not accepted to work in a company, they make their own way by opening an independent business. It's just that this makes competition in the market even higher. So I can say that there are too many traders while consumers have not experienced an increase.

And even now it seems that more people are implementing frugal living. They have adapted from the economic crisis that had occurred. thus they currently chose to have their own preparations. I personally am lucky enough to have a job where I don't worry about income. but I also still choose to have various types of side jobs to supplement the income that I can save and partially invest.

The current economic situation is weakening because many companies are reducing the quantity of production and of course reducing the number of workers, my country is also experiencing the impact of a weakening economy, it is very difficult to find work and the best solution is to do business and of course you need capital to be able to do business.

Not many countries are able to provide social security for the population, even if there are good social programs, then you should think about relying only on yourself in any situation. Negative feedback about the government is a common occurrence, people always want to get more than they have, but not all economies are capable of this.

Dabbling in cryptos carries a high-stakes risk game, especially with the market's current vibe that ain't making fast cash guarantees. Even when the bread's coming in steady, securing your finances and stacking some savings is a boss move. Keep your eyes peeled on the market's pulse and tap into the wisdom of the experts to tackle this rollercoaster of economic challenges.Leaving your entire stash in the bank is a no-go in this economic climate; it's like throwing your cash into a black hole of inflation with no growth in sight. So, letting your money flex and grow through investments is a power play, rather than watching it wilt or dip if left to languish in the bank.

In these economic times, we gotta roll with the punches, be sharp, and hustle for that extra income so we can cover our bases, not just relying on the paycheck that's always playing hard to get. This way, you're not just meeting needs, you're also saving and investing. Dropping some coins into Bitcoin sounds like a legit long-term play, set to bring in the big bucks and minimize risk. It lets you keep your savings for a rainy day or sudden needs, without messing with your investments. Cover your needs first, then play the investment game. It's a top-tier strategy to weather any economic storm.

Actually, these various savings must always be made by everyone under any circumstances, not only when facing difficult times as in the current example. But it would be much better if it could be done every time without being affected by any condition, because the savings in spending money will always be useful in everyone's life in order to be able to deal with any situation in their life. So that everyone does not have to feel difficult when economic challenges can make their business bankrupt.

Complaining will never solve any problem, but still trying your best is one way to deal with difficult situations and it is also a good idea to keep living so you don't experience difficulties in life. In terms of cryptocurrency, actually it can also be used as a main job as long as someone is able to maintain their work and existing assets on the necessary foundation, because there are also many people who are successful through cryptocurrency. Although some people still don't make cryptocurrency their main job in life.

Putting all your money in the bank is not a good idea in the current economic situation, because your money will be eaten up by inflation and unlikely to grow. So investing is a very good way because your money will work and grow, not stagnate or decrease like you put it in the bank.
and in the current economic situation we are required to be smart in dealing with it, I mean smart to get extra income so that everything is fulfilled and not rely too much on salary because it will not be enough. And with this you can meet your needs, save and also invest. And investing in bitcoin is a very appropriate choice, especially for the long term, which will definitely provide a good return for you and this will also minimize risk, and make your savings as a reserve fund or sudden needs without having to disrupt your investment. And do both after your needs are met, and it's the best way to deal with the economy in any situation.

I don't think, my country economy will be bad like your country economy because our government do everything possible within their capacity to ensure citizens don't feel bad about the current inflation that is affecting other countries citizens. Many investors in my country 80% of them are into cryptocurrency investment, because our government has created more opportunities for the people to take the advantage to support their financial growth in the country. I think, this inflation is about to leave for deflation to occur for people to start saving money, that they will use to invest in cryptocurrency and hold for the price to increase before they can sell to make a passive income.