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Topic: Best way to understood our world economy here is the example (Read 292 times)

full member
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This topic about economy is vast. Depending on the situation, the interpretation of it differs. Every country has its own value how the economy will flow. So, its always a learning process.
legendary
Activity: 3710
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To understand it one simple word is enough; f--ked. I mean there is really nothing more to explain it because we have a ton of terrible stuff going on right now and that means we are also not going to end up getting a good result neither, we just need to realize that and we are going to be fine.

I believe that we are going to end up with a good result individually if we are lucky but the overall will always be the same. Isn't there ways to get out of this? Of course there are, and we are going to end up living in a world that is filled with candy and laughter as well, by that I mean we won't and nobody will use that solution to fix it, because for some reason the population doesn't believe in the solution so they reject any politician who says it out loud.
member
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Economic conditions will be good if we always think positively, as long as we can maintain positive thoughts then we will have good ideas to be able to make money so that when the world's economic conditions are in a recession we can survive and actually get a lot of profit.
legendary
Activity: 3542
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I think most people have a general understanding how economy work, like a preexisting knowledge either from school or just browsing the internet for information and news. However, completely grasping the ins and outs of world economy may differ from these preexisting knowledge and perspective as the system of economy may be viewed differently in various ways.
hero member
Activity: 2884
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It cannot be denied that the world economy depends a lot on the US economy, America is the biggest market in the entire world. But the world economy doesn’t depend on one country only, Every country is depend upon each other countries today cannot survive for long without each others' imports and exports. World wide there are equal value, every country have its own value and importance. Each is formed according to its own resources, culture, laws, history, and geography.
However it is that interdependency that makes the world vulnerable to the fall of the US economy, the invasion war of Russia against Ukraine brought a lot of problems to the world despite both countries being only a small part of the world economy, if the US economy failed then it is almost impossible to think how the rest of the countries will be able to keep their economies working at all, and most likely they will fail as well despite their best efforts to keep their economies running.
sr. member
Activity: 1988
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It cannot be denied that the world economy depends a lot on the US economy, America is the biggest market in the entire world. But the world economy doesn’t depend on one country only, Every country is depend upon each other countries today cannot survive for long without each others' imports and exports. World wide there are equal value, every country have its own value and importance. Each is formed according to its own resources, culture, laws, history, and geography.
hero member
Activity: 2688
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You're probably wrong on certain points. For one, fiat has only one direction, and it's downward. Shitcoins at least pump and dump. A shitcoin could actually multiply your worth a hundred fold very quickly. It can't happen with fiat. The monetary design is that money should slowly yet continuously lose its purchasing power, although sometimes it accelerates out of control.

You're also probably wrong when you compare crises like the pandemic to be a time for rejection or correction and that the huge financial whales are forced to sell assets. They're actually not like us ordinary mortals. Even in times of crises, their worth are increasing. Let's not be naïve. These rich elites are making money out of pandemics and wars and all kinds of disasters.
Maybe for one or a few person. Like you for example, fiat is like that because you know that it is inflationary but less knowledgeable individuals thinks that their fiat is growing once they save it. Not all shitcoin can pump but most will only dump so I don't think they are better than the fiats.

The pandemic turns out to be a great time for cryptos because they are pumping instead of dumping as what we expected. For other crises, they are the real ones who have a negative impact in the crypto market. People are as well affected including the rich people. Only those who are strategic are the ones who can earn during those times and they are not always rich people.
hero member
Activity: 2604
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Most people only understand that they can still make ends necessities of life in these difficult times and don't care about the situation in their country or the condition of the crypto market. And they also don't care what the world's financial system is like because they tend to think simply and are not interested in learning too complicated things.

As long as they can find money to buy their necessities of life, that is enough and there are still many of them who don't care about the pump that will occur in the crypto market. If you want to survive a difficult situation, you just need to try to defend yourself by having everything you need.

And the best way for people to understand their economic situation is to try to have money to make ends meet. They will submit all these policies to the government. They also don't care if the US still controls the world economy or if China will hinder the US from furthering its goals or other things. We also don't need to explain things that are too complicated for them. And it is better for us to prepare ourselves well so that we can survive if, at any time, the economic situation in our country gets worse.
legendary
Activity: 3472
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Although fiat and shitcoins look similar but there is a major difference between them which is the "utility". At the end of the day the shitcoin has no utilities which is why it literary collapses and dies but fiat does have and will continue to have utility as a medium of exchange. This is why it  doesn't collapse the same way a shitcoin does.

In other words the similarity stops at the uncapped nature and the fact that there is a catastrophe ahead for both of them because of their bad designs.

The big guys the whales the financial players have sold by now most of their assets covid 19 times they sold 75% of their assets now they wait for another pmp from the whales to sell the rest of the 25% of their asssets just before the Stablecoins along with Cbdc-s Will coming in in this case fednow in USA Will be either USDT or USDC the rest of the world busd as binance Will control europe asia and russia economy in future so on USA Will be coinbase and circle and rest of the world financial field will be under the binance control.
You stopped making sense in this last paragraph, specially since you seem to have forgotten that the stablecoins are the biggest shitcoins specially the most centralized ones that something like Binance owns/creates.
full member
Activity: 824
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I'm reading what OP conveyed but don't understand much about the economy going on, just understand that it's just a matter of timing as we face many difficulties many people may not be able to adapt in time and complain with it. We have a very broad history and economic development, so to speak, cycles of volatility go round and round, and I understand that after the current difficulties we will progress and become stronger or better. On the contrary, being on the slope of the great recession, it can be said that the current operation is related to other issues that are also taking place in society such as energy, politics, food, science,... And economics is like a thread that connects everything, I will still stand by if we try our best to overcome it, we will achieve good results.
hero member
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To not get Lost in this world and keep your head cool.
The best way to understood world economy is to compare world moneytary policy banking and financial system with some sht coin pump....it keeps going up like 30% 50% 70% 100% 200%+ even higher...everybody start short but it keeping going up more and more until at some point some big correction Will be happening.
It's too complicated and will only make ordinary people confused about the meaning you convey. Simply put, to understand the economy is to start from microeconomics first. Master this sector and maximize its income, no matter how the world economy is rotating between one policy and another, because when you are able to control the surrounding economic growth sector, it will be fine. As long as an organized emergency fund and stored assets can go in and out according to the target then it creates ideal conditions.

Apart from that, I think that no matter how chaotic the world's economic conditions are, we still return to conditions that are truly real. Regarding the world economy, it's the government's job, don't look too far into it if before our eyes the economic system is still messy and can't be overcome.
full member
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BTC Dominance of the total fiat market represents: 0.46%, and if we assume that Bitcoin represents 1%, then USDT and USDC are definitely considered a drop in this sea and will not affect the economies of companies, not to mention countries.

USD circulating supply is about 24 trillion dollars. This represents 807 million bitcoins, while all that exists is 21 million dollars. the cryptocurrency market will not affect the global economy in any way, and if bitcoin now has a price of zero dollars, it will not cause a global financial nation.
It is true that these estimates may vary over the coming years, but currently it is wrong to read macroeconomics from the perspective of the cryptocurrency market.

https://fiatmarketcap.com

Nailed it bro. This is precise calculation so far and makes it realistic to understand how bitcoin ain’t gonna get the dominance status any time soon. If we look at bitcoin hundred years from now then also bitcoin won’t dominate the USD because with the time inflation, economic crisis cycles, supply chain getting costly and much more will play their roles.  This will make bitcoin priced or valued at the same ratio as if today.

Consider it like real estate or something. Buying an acre worth land at XYY USD is pretty much same as if buying it ten years from now. Because there is appreciation of everything. Cost of materials as well as minimum wagers and bonuses or income.

If someone calculate the math properly about this accounting then it makes lot more sense.

Better enjoy the profits along the way and stop thinking if it is next dominance or not.
hero member
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Quote
The big guys the whales the financial players have sold by now most of their assets covid 19 times they sold 75% of their assets now they wait for another pmp from the whales to sell the rest of the 25% of their asssets just before the Stablecoins along with Cbdc-s Will coming in in this case fednow in USA Will be either USDT or USDC the rest of the world busd as binance Will control europe asia and russia economy in future so on USA Will be coinbase and circle and rest of the world financial field will be under the binance control.

I don't get this nonsense. Do you really think that Coinbase and Binanse will dominate the financial world? Is this a joke?
The global finance cannot be compared to a shitcoin, because global finance is so much more than a crypto scam. I assume that by "global finance" you mean the western USA dominated financial system. You are not saying anything about the alternative financial systems of countries like Russia, China, India and Brazil. Do you think that they are the same as the US system, or there are some differences.
Try to improve your English before posting here. Did you use Google Translate? I don't understand most of your  forum post.
hero member
Activity: 2338
Merit: 737
To understand the course of the world economy requires a careful analysis of monetary policy, the banking system and financial institutions. The volatile "Shit coin" pump is just as tempting as it may seem to some, but it oversimplifies the complexities of global finance.  I think we also have to understand how economic indicators work, historical data, and analyze several references from a team of experts to gain insight into their function. What for? Making decisions based on reliable information and avoiding panic action is key. Remember, long term stability and growth requires a deep understanding of the global economic landscape.

To understand the global economy is very broad, because everyone who wants to know it must conduct research more broadly in several sectors as you have mentioned. And it also needs to be understood that conducting research on many sectors like that is clearly not easy even though it can be done within a certain deadline, but it can also be tiring because to find out the history that has occurred in the global economy it must be based on analysis from a very reliable source.

And for the damn coin pump that you said I consider it a normal thing that only comes temporarily so I personally don't really care about that kind of thing even though there are many other people who care about it for the sake of getting a momentary profit. As for other matters such as the monetary and banking system, it is necessary to know because it can also affect the development of the business economy globally.
hero member
Activity: 2660
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The world financial system is like one big coin.
The big guys the whales the financial players have sold by now most of their assets covid 19 times they sold 75% of their assets now they wait for another pmp from the whales to sell the rest of the 25% of their asssets

In an economy, there is always a profit taking and it looks like recession in the eyes of some and others smile just like the whales took their profit after the COVID-19 and bitcoin went up to $64k. I like your analysis of one big coin.


and rest of the world financial field will be under the binance control.


The agenda for a unified exchange may not work because other countries will follow the regulation restrictions that US has adopted for binance and every jurisdiction will introduce what works for them including tax. So it will not be business as usual.
legendary
Activity: 2856
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The debt ceiling and fed central banks been avoided collapse since 2008 but every sht coin Will have the huge crash and collapse one day and so Will be with our economy wich is exacly like some shtcoin been just pumped up by whales.

The federal reserve has been playing with quantitative easing since the collapse and they knew they were going to cause USD inflation when the money supply became to high. COVID spending accentuated the inflation effect. A pump and dump might be an accurate analogy considering spending has gotten exponentially worse over the years, and the central banks have been playing a balancing act with the interest rates for years.

USD circulating supply is about 24 trillion dollars. This represents 807 million bitcoins, while all that exists is 21 million dollars.

Assuming you meant 21 million coins, not dollars. It doesn't matter how many total coins there are. The value of each coin will increase depending on demand. You could have half that amount and the price would still be proportional to the total demand.
legendary
Activity: 2884
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The best way to understand the world economy is to spend more time for this and the world economy doesn’t depend on one country only, you have to look for other good sources when it comes to the world’s finances. With regards to the dominance of BTC over the stablecoins, I believe this can’t be changed since Bitcoin is still the basis and its decentralized while the stablecoins are not and they slowly becoming volatile as well. Worlds finances issues are still there, and it affects many especially with the current issues of the bank financial system, this is a broad topic and its not easy to understand.
The world economy does in fact depend on a single economy, the reserve currency of the world is the US dollar, if it were to fail then the savings most governments have accumulated for decades will evaporate with nothing to show for it, as they would have exchanged their products and other raw materials for something that at the end turned into useless pieces of paper and numbers on a screen which mean nothing, so if the US economy were to fall you can be sure the whole economy of the world will follow it.

It cannot be denied that the world economy depends a lot on the US economy, but that does not mean that when the US economy collapses, the world economy also collapses. Everything will be severely affected but not destroyed, the US and the EU are no longer the only functioning economies in the world. Our world has become more multipolar and no longer dependent on the economy created by the United States and its allies. The USD is the world's reserve currency, but let's not forget gold is the world's largest reserve asset by far.
legendary
Activity: 2576
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You're probably wrong on certain points. For one, fiat has only one direction, and it's downward. Shitcoins at least pump and dump. A shitcoin could actually multiply your worth a hundred fold very quickly. It can't happen with fiat. The monetary design is that money should slowly yet continuously lose its purchasing power, although sometimes it accelerates out of control.

You're also probably wrong when you compare crises like the pandemic to be a time for rejection or correction and that the huge financial whales are forced to sell assets. They're actually not like us ordinary mortals. Even in times of crises, their worth are increasing. Let's not be naïve. These rich elites are making money out of pandemics and wars and all kinds of disasters.
member
Activity: 1191
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Judging by how our recent world economy is operated where the bigger fish manipulate things for their own selfish greed while the common man is the one that pays for it while the bigger ones keep getting richer I believe the OP of this thread was right when he said the economy was operated like the shitcoin and I will the meme coin in particular.
hero member
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We just did saw the recession and still experiencing it at some point or actually we do because of the higher inflation rate that's coming out. While most of the countries now are recovering, there are the others that just can't and have been a sinking ship ever since this war and pandemic has started. I don't really care about these CBDCs because they're just like cash that has been migrated to digital and there's no difference at all from the credit cards that the banks are providing for people to have. There's more to this economy and it's not just from this market alone.
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