Topic: Are we headed to a nowhere economic direction ? - page 6. (Read 868 times)

The economic condition of my country is very bad. I have to spend what I earn in this country. Can't save any money for future life. I had deposited some money in the bank and took that money from the bank and kept it at home. Because my country has suffered a lot economically and various banks are going bankrupt right now, so I took my money out of the bank and kept it at home. But I am planning to invest in Bitcoin without keeping money in the bank. Although there are already some investments in Bitcoin, I will invest this money in Bitcoin to strengthen my investment. Because currently I think investing in Bitcoin is better than keeping money in the bank.

Regarding the situation in each place, I think it's almost the same due to the impact of the pandemic and the global economic recession. yes. many countries are pouring budget there for recovery. I think your position is still very safe, you still have a steady income and you can support your family, even though at some time you have to look for additional income again to cover your family's shopping needs because the value of basic household staples has all gone up. what is certain is related to this economic turmoil, I think all elements also feel it, whether he is a civil servant or private sector or the community in general.

The source of the problem lies in how far the individual can make money every month, because this is related to the fulfillment of every human life. Recession and inflation have dissolved everything and few people are able to survive under this pressure, moreover the available job status affects the poverty rate every year and it is increasingly difficult for people to get financial resources to fulfill their daily lives. The problem is the extent to which the government is present to provide solutions and almost many countries fail to achieve this equality, people are required to continue to manage their own lives with various considerations of aspects of work and those who fail will continue to have problems

No one can talk about investing in these circumstances and there is no point in making literacy and encouraging people to invest because all they are thinking about right now is how to get a job and how to fulfill their daily needs. When individuals are strong in the economy it may be true that investing is a good choice and that's how people keep cash flowing even if it's slow instead of keeping it in a bank that yields nothing.

Our country has not had much impact on the global recession and inflation because we have food sources that can be processed independently and even though talking about employment is difficult and there is still a lot of unemployment that has the effect of post-pandemic recovery, least so far food needs are still sufficiently fulfilled and still enough to sustain community life.

This will be much more problematic when the community does not have the option to find a new job and in the following year it is not certain that the community's economic resources will recover.  Government programs are one way to get out of this problem, they must be in favor of the wider community with programs based on the economy and the housing business.

You've done a great job of keeping your money in crypto because if we deposit money in the bank, we get nothing but paying fees every month. And the value of our money will not be able to increase but decrease until finally, our money in the bank runs out if we don't save every month, but that also doesn't guarantee that we can get good interest because of those costs.

The economic situation in my country seems to be stable and under control even though there has been a slight increase in basic goods, but so far, it's still good. We hope the government can solve every problem, but we cannot rely too much on the government. For this reason, we must prepare for our future by investing in bitcoin. And I think that step is right for those of us who have invested a certain amount of money each month to prepare for our future.

Those kind of weak measures used by the governments are bound to fail, as this is like giving a life jacket vest to someone that is drowning on a sea full of sharks, it could slightly help their situation but it does nothing about the hungry sharks, so small and big investors alike are on the fence about this and they are waiting for the economy to show signs of improvement, and if it does not then they will take the necessary measures to protect themselves and the wealth they have accumulated over the years.

What scares us is the increase in economic uncertainties all over the world. No one knows where the economy will take. Governments try to do something, but they fail. One of the downsides is that the increased prices never come back. How long can it go on like this? The world is on the verge of a major economic crisis.

If you take the U.S. and EU economic metrics, the recession that everyone seems to be concerned about isn't actually here. Inflation for USD and Euro are still high but the growth forecasts don't point to a recession necessarily. It's possible they're muddying the numbers or the mere possibility of a recession is causing concern and creating less money circulation. Wouldn't be the first time baseless speculation and panic caused economic turmoil.


Lot of the institutional investors aren't exactly sure where to put their money, so they're sitting on it with stable assets instead of circulating it into business ventures. It can create a feedback loop and cause lesser economic growth within itself. I wouldn't say real estate is collapsing, speculation about what could happen which isn't helpful.

In my country, the situation is also uncertain and challenging. I cannot predict how the economic turmoil will affect me or others, but I hope that we can find ways to cope and adapt. I think it is important to stay informed, plan ahead, diversify income sources, save wisely, and seek support when needed.

The harsh economic situation is not being experienced in just one part of the world; I think that almost all parts of the world are facing the same issues: dedollarization, high interest rates, and inflation leading to greedflation and shrinkflation. A lot is really happening, and one thing to do is to keep readjusting to the changes so as not to be too depressed by the kind of situation that some people are already facing. The economic situation is very bad in some countries. If one has one source of income, look for a side hustle to support yourself if your income is not really enough to handle a good number of your bills. Also, it's not really now that people should just be stacking their money in the bank because of devaluation, which will still reduce the purchasing power of that money.

That seems to be the case in a couple of countries one of which is China. A lot of real estate owners out there are getting their properties foreclosed and repossessed by banks due to defaulting on loans. With interest rates rising everywhere, I'm lead to think that the global economy is definitely going to shitter by the day. It's not helping that the Global Currency Standard, the USD, is also having its own problems due to their lenience and overprinting back in the days of COVID finally coming back to bite their asses, which will definitely cause some sort of domino effect to countries that are allied or connected somehow to US. In any case, perhaps we'll just have to brace ourselves this time while we plummet to the ground.

If someone can think of an investment plan in the middle of a recession, it means that he is able to maintain a stable financial condition, while in the midst of a "collapse" the real estate business is a good investment opportunity to start in that sector. Why "no choice"? Unless you state where you're from, some countries are simply not suitable for real estate business in various global economic situations.

Nothing different here mate. My country is struggling as well. But what turns matters worst is the high level of corruption in my country. The pandemic permanently closed a lot of our businesses here and I also lost all my source of income. I have investments in our local stock market but it turned into a nightmare with some stocks performing worse than crypto's altcoin market in a bear season.

Despite all of these trials, we need to strive harder than ever. I am actually looking forward to crypto's bull run next year and 2025 as my biggest hope of recovery.   

Still the same, as inflation affects the prices of goods in the market the salary of an average person still remains at bare minimum. Sadly our current president couldn't even handle the situation that the economy facing right now. Since the citizen of the country couldn't manipulate it's prices if the supply and demand affect the market. Mostly of the people are just surviving to the current status of the economy it's like they save $5 dollars per month if we minus the bills and needs. Hopefully i nthe future we could see some changes made by the government.

During the economic recession, it is a common practice of governments to take range of measures aimed at stimulating the economy. One of these measures often includes lowering interest rates. However, the desired results of such measure often takes long time to materialize, addressing as economic challenges requires consistency and patience.

It is true that crypto space is undergoing rapid technological advancement, making it attractive investment opportunity. However, it is important to keep in mind the risk of its significant volatility before taking any investment decision.

I'm seeing some realignments for political and economics reasons. I don't know where you are from but if your Government is in active discussions with leading organizations in the Middle East and Asia then your country will probably reap the benefits in the years to come. This is under the assumption that there would be no more wars involving the current superpowers.

In all honesty, I really don't know anymore. Things are just getting more and more complicated worldwide and even more so here in my country. The prices for services, other necessities and other needs are steadily increasing while the people's wages never increases and for those that did increase, it didn't even increase that much. Even I am already getting confused with all the diversifying that I do with my investments. Since the ones that I thought that wouldn't be affected that much are already being affected massively by the economic changes not just in my country but with other countries as well. Although at some point, I already expected something like this to happen in the future back then but not to this extent.

Seriously, I don't even have the energy to start pointing fingers as to whose fault all of these are. I'd rather just focus on rearranging my investment strategies and portfolios to at least be able to protect my family's future. sigh. . .

Commodity prices rise and never fall, even when inflation and interest rates fall. That has become a cultural feature in my country for a long time, nothing new . I think the reason is that the financial authorities have loosened their management and have not done well in regulating prices in the market, from which mercians have colluded with each other to profit. The situation in my country is not as bad as what you describe, but things are also suffocating the lives of the poor, and government policies have never been implemented for the poor. These are all just empty promises.

Not in all places that real estate is collapsing. There are certain areas where these properties are going down but not for all. I still see in some of the areas that have been skyrocketing. Yes, this is true and I don't understand why it's like that. Maybe all about these capitalists that have been predicting the prices.

But I'd still believe that real estate is no doubt one of the best investments. So, if it's collapsing where you are right now and you've got piles of cash ready for investments then you may take some of those lands and houses.

What cryptos did you invest? If it's with Bitcoin, there is no doubt that you'll take profit soon but you need to be patient. In my observation to most economies right now, the first world countries are still fine, the same goes with second world countries but some of them are experiencing hard inflation.

And for the developing countries, it's known that many of them are still struggling due to the incidents that's happening globally.

All countries are now in a difficult economic situation (just in some countries the economy is suffering a complete collapse, while in others there is a gradual deterioration in the economic situation). 

This is due to the transformation of the economic structure of the world economy.  There is a global transition from the industrial way to the information one.  At the same time, the elites of many countries are striving to slow down this transition, using social models of the 20th, 19th and 17th centuries for this. 

As a result, there will be more and more wars, economic crises and man-made disasters in the world. 

It looks like we have entered a period of global social turbulence.

The world is moving to a digital economy, gone are the days we all hoped completely on natural resources to survive. The government capitalized on those resources such that citizen didn't profit much from the gift of nature. I see us in a world where our natural resources are now implanted in the brain of everyone. People should come up with ideas that'll change their finance and boost personal economy. If you must spend the money at hand, do it wisely. Money works in different ways, you can invest the funds on affiliate marketing if you need faster returns, that's if you're excellent with Ads. Keeping the money in the bank doesn't add up, sometimes I see it as a waste of time. It's better you use the money to promote a profitable product.