COVID advanced the world into the future - page 12.

leea-1334

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Quote from: ene1980 on May 31, 2021, 01:23:32 PM

Quote from: leea-1334 on May 31, 2021, 10:43:57 AM

I wish I could agree with you but all the "strong" economies are propped up by fake things. Fake money, more fiat pumped into the system. I mean even big global companies in Europe and USA all fall if they close for a few weeks and yet we are expected to live on savings for months.

That is what COVID revealed to me,,, that banks and financial systems and economies are so, so weak with nothing to stand on.

I am literally surprised that the economy still holding up even if the entire industries were on a stand still for a long time and still the stock market was not having any major correction and i was expecting the stock market to fall badly last year but that did not happen and still the market is holding well and with the financial aide these governments are pumping will hold the market for a while, we will literally see a major correction.

They keep pumping cash to cover the holes. It was like in the 2010 banking crisis,,, when loans defaulted, they covered it up with more and more loans. And in bad economies the government keeps printing more and more money to put more cash into the economy. So everything seems all right on the surface until a point inflation cannot keeps up.

So now economies are not producing but cash is stimulating spending.

Xinarae*

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Covid-19 infection has brought many adversities in our lives corona virus has changed the course of professional life. Nowadays home has become the new office the Internet is the new office room working with colleagues for some time has become a matter of history developed economies especially the united states are almost forcibly rehabilitating loss making businessmen and ordinary people to revive their economies. Many poor countries are still trying to raise their incentive funds while the united states spends 25 percent of its GDP on economic aid developing countries spend far less than the united states.

Nunoluck

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I don't like this pandemic, but beside negative things that caused by COVID19 there are some good things that people get. For example, people are become more aware about cleanliness. This pandemic is challenging human whether human can do something innovative to survive or loss. But still I hope there are no more people die because of this pandemic, I hope everyone will be safe. Please apply social distancing and lockdown correctly. We only need to become discipline to cut this virus spread chain.

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Quote from: ene1980 on May 31, 2021, 01:23:32 PM

Quote from: leea-1334 on May 31, 2021, 10:43:57 AM

I wish I could agree with you but all the "strong" economies are propped up by fake things. Fake money, more fiat pumped into the system. I mean even big global companies in Europe and USA all fall if they close for a few weeks and yet we are expected to live on savings for months.
That is what COVID revealed to me,,, that banks and financial systems and economies are so, so weak with nothing to stand on.

I am literally surprised that the economy still holding up even if the entire industries were on a stand still for a long time and still the stock market was not having any major correction and i was expecting the stock market to fall badly last year but that did not happen and still the market is holding well and with the financial aide these governments are pumping will hold the market for a while, we will literally see a major correction.

This is not surprising. Pumping cash into the economy is already a long-standing and proven method of dealing with problems in the economy. The most important thing is to stop in time and then get out of these stimulus measures without serious losses for the development of the economy. Another question is that this has already become a fairly hackneyed technique in developed economies and therefore does not work as effectively as before. Therefore, we look with fear and hope at the development of the epidemic situation over the next few years, with an emphasis on universal vaccination of the population, and then we will look at the recovery of the economies and remember the contradictions in the economy that already existed before the pandemic.

ene1980

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Quote from: leea-1334 on May 31, 2021, 10:43:57 AM

I wish I could agree with you but all the "strong" economies are propped up by fake things. Fake money, more fiat pumped into the system. I mean even big global companies in Europe and USA all fall if they close for a few weeks and yet we are expected to live on savings for months.

That is what COVID revealed to me,,, that banks and financial systems and economies are so, so weak with nothing to stand on.

I am literally surprised that the economy still holding up even if the entire industries were on a stand still for a long time and still the stock market was not having any major correction and i was expecting the stock market to fall badly last year but that did not happen and still the market is holding well and with the financial aide these governments are pumping will hold the market for a while, we will literally see a major correction.

leea-1334

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Quote from: TastyChillySauce00 on May 30, 2021, 11:55:46 PM

I agree, amid the covid pandemic it's all about efficiency that makes the economy strong, we can see that most of the company who are already implemented technology to further optimize their system as well as increasing the efficiency hardly impacted by covid.
Even many companies that either has both online and offline business actually set record in profit due to the market share increase because some company just backward and rather inept in technology adoption, as we all know, only company or economy that easily adapts that will come out strong.

I wish I could agree with you but all the "strong" economies are propped up by fake things. Fake money, more fiat pumped into the system. I mean even big global companies in Europe and USA all fall if they close for a few weeks and yet we are expected to live on savings for months.

That is what COVID revealed to me,,, that banks and financial systems and economies are so, so weak with nothing to stand on.

globalpain

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Quote from: TastyChillySauce00 on May 30, 2021, 11:55:46 PM

Quote from: TheGreatPython on May 30, 2021, 12:33:35 PM

Quote from: dimox on May 18, 2021, 12:23:41 AM

now, people forced to online when they want to do something like buy, and the other. and as time go by, people get to used it, doing all stuff by online. and when covid disappear, this habitual still stick in our mind.

Have you wondered why such habits stick while some habits like staying at home won't ever stick? That's because people want convenience and online shopping was new for some initially but once they tried it, surely everyone realized that it is easier and saves time as compared to traditional shopping.

Quote from: lixer on May 20, 2021, 02:57:09 PM

Just look at what has been happening in lots of countries these days. It’s just like where I am living, there are now lots of thieves and people are being robbed almost every day, things never used to be like this before now. So, this covid-19 is really bad, but I am hoping that things gets better.

That's the impact of unemployment and have you wondered why unemployment is much worse in under-developed countries? That's because of their lack of the use of the internet and technology, be it because of financial problems or be it because they are not educated enough to operate them.

If only better technologies and the internet were adopted, lesser people would have lost their jobs and hence lesser unemployment which directly helps in reducing crime and theft.

I agree, amid the covid pandemic it's all about efficiency that makes the economy strong, we can see that most of the company who are already implemented technology to further optimize their system as well as increasing the efficiency hardly impacted by covid.
Even many companies that either has both online and offline business actually set record in profit due to the market share increase because some company just backward and rather inept in technology adoption, as we all know, only company or economy that easily adapts that will come out strong.

It is true that the current conditions indirectly make a company more creative and innovative in doing something,
and indeed it is not easy but if it is used as well as possible it will produce big profits,
With the development of the era, companies are also required to operate more technology than usual

TastyChillySauce00

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Quote from: TheGreatPython on May 30, 2021, 12:33:35 PM

Quote from: dimox on May 18, 2021, 12:23:41 AM

now, people forced to online when they want to do something like buy, and the other. and as time go by, people get to used it, doing all stuff by online. and when covid disappear, this habitual still stick in our mind.

Have you wondered why such habits stick while some habits like staying at home won't ever stick? That's because people want convenience and online shopping was new for some initially but once they tried it, surely everyone realized that it is easier and saves time as compared to traditional shopping.

Quote from: lixer on May 20, 2021, 02:57:09 PM

Just look at what has been happening in lots of countries these days. It’s just like where I am living, there are now lots of thieves and people are being robbed almost every day, things never used to be like this before now. So, this covid-19 is really bad, but I am hoping that things gets better.

That's the impact of unemployment and have you wondered why unemployment is much worse in under-developed countries? That's because of their lack of the use of the internet and technology, be it because of financial problems or be it because they are not educated enough to operate them.

If only better technologies and the internet were adopted, lesser people would have lost their jobs and hence lesser unemployment which directly helps in reducing crime and theft.

I agree, amid the covid pandemic it's all about efficiency that makes the economy strong, we can see that most of the company who are already implemented technology to further optimize their system as well as increasing the efficiency hardly impacted by covid.
Even many companies that either has both online and offline business actually set record in profit due to the market share increase because some company just backward and rather inept in technology adoption, as we all know, only company or economy that easily adapts that will come out strong.

TheGreatPython

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Quote from: dimox on May 18, 2021, 12:23:41 AM

now, people forced to online when they want to do something like buy, and the other. and as time go by, people get to used it, doing all stuff by online. and when covid disappear, this habitual still stick in our mind.

Have you wondered why such habits stick while some habits like staying at home won't ever stick? That's because people want convenience and online shopping was new for some initially but once they tried it, surely everyone realized that it is easier and saves time as compared to traditional shopping.

Quote from: lixer on May 20, 2021, 02:57:09 PM

Just look at what has been happening in lots of countries these days. It’s just like where I am living, there are now lots of thieves and people are being robbed almost every day, things never used to be like this before now. So, this covid-19 is really bad, but I am hoping that things gets better.

That's the impact of unemployment and have you wondered why unemployment is much worse in under-developed countries? That's because of their lack of the use of the internet and technology, be it because of financial problems or be it because they are not educated enough to operate them.

If only better technologies and the internet were adopted, lesser people would have lost their jobs and hence lesser unemployment which directly helps in reducing crime and theft.

molsewid

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Quote from: target on May 05, 2021, 09:22:58 AM

Covid forces us to adopt working remotely, school teachers today now has to teache infront of the laptop while the kids watches the teacher speak. Old folks has to learn facebook messenger now to they could talk and see relatives at the same time. Its neccessary to learn how to use gadgets or they are going to die of loneliness.

Easy for them to use the internet now and do onoine transactions too. And its not going to be hard to introduce crypto wallets or CBDC.

i agree. since the start of pandemic majority of transactions are made online, so its not far that we would still use online transaction with or without the pandemic in the future because people have experienced the hassle free of online transaction, which will further or possibly lead to crypto wallets because we might want to store our money digitally for easier usage online. right now there are still "cash-on-delivery" options but in time people will slowly learn to adapt.

lixer

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Quote from: paxmao on May 05, 2021, 09:01:30 AM

I am talking about the digital revolution that was already taking place, yet still had some bumps along the road to occur, and has been forcefully implemented by many companies that required their people to keep on working. I am also talking about the immense number of new influencers and subscription services that had increased their adept several times-fold. All this would have taken ages otherwise.

I think the disadvantages of covid-19 is too much than whatever digital revolution it has brought. Have you taken time to look around you and see what people has been going through because of the covid-19? A lot of people died and a lot of people lost their loved ones. It doesn’t just end there, lots of people became hungry, people became poor and lost their jobs. Things like this led to increase in crisis, the rate of crimes increased.

Just look at what has been happening in lots of countries these days. It’s just like where I am living, there are now lots of thieves and people are being robbed almost every day, things never used to be like this before now. So, this covid-19 is really bad, but I am hoping that things gets better.

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Quote from: ven7net on May 17, 2021, 04:12:26 PM

Of course, Covid has made its own adjustments to the development of our world, but I would not say that they are positive. Many companies have gone bankrupt, entire industries have closed down forever and I can’t say that this has made our world a better place. Yes, Covid promotes the transition to remote work, distance learning, and perhaps this somehow pushes people to create new technologies and opportunities, but this is a drop in the ocean and most people are left alone with traditional methods of existence. For a leap forward to occur, the world must be without limits, but apparently in this case it is not about our situation.

right, in essence we as humans must be able to adapt to changing times. with the covid pandemic, making changes in human habits, starting from work, to fulfilling life's needs. therefore today the online economy sector is more enjoyed by everyone to protect themselves

dimox

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now, people forced to online when they want to do something like buy, and the other. and as time go by, people get to used it, doing all stuff by online. and when covid disappear, this habitual still stick in our mind.
its can be good or bad thing if people cant make a good point from this situation. and the good one will adopt into any situation. so, when this world be normal, they can do more and more than the other.

ven7net

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Of course, Covid has made its own adjustments to the development of our world, but I would not say that they are positive. Many companies have gone bankrupt, entire industries have closed down forever and I can’t say that this has made our world a better place. Yes, Covid promotes the transition to remote work, distance learning, and perhaps this somehow pushes people to create new technologies and opportunities, but this is a drop in the ocean and most people are left alone with traditional methods of existence. For a leap forward to occur, the world must be without limits, but apparently in this case it is not about our situation.

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Quote from: paxmao on May 05, 2021, 09:01:30 AM

I think most of us would rather not have had COVID. It has been devastating for many economies and it took a bad toll on people. However it has had some side benefits (some may argue that having Trump removed for now may be one of them, LOL).

I am talking about the digital revolution that was already taking place, yet still had some bumps along the road to occur, and has been forcefully implemented by many companies that required their people to keep on working. I am also talking about the immense number of new influencers and subscription services that had increased their adept several times-fold. All this would have taken ages otherwise.

I do see these kinds of news and I do not really think that it would matter all that much. I mean sure there are small things, politically all the dictators lost a bit of power, trump is gone and all the other right wing people who want to take power and not leave lost a lot of power as well, why? Because leftist stuff did help people during this period, giving people money for free, giving people free healthcare, giving people federal aids, all these are usually very left in all around the world and even right wings had to accept it.

But the biggest help was the climate, even though it is still doing very bad, it could have gone even more bad if we didn't had covid, the world direly needs our help or if we do not do something about it, the world will and it will destroy all of us to keep turning without us in it. No matter how much "good" we can find, it still killed millions of people, and that is just can't be compared to any side-good that may have happened.

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Quote from: Ultegra134 on May 14, 2021, 12:12:00 PM

Quote from: Silberman on May 14, 2021, 11:36:36 AM

Quote from: nightxglow on May 13, 2021, 11:59:06 AM

It's true that, although there are so many bad impacts from Covid, and how it made the economy worsen and even collapsed, i can still see so many good aspects that resulted from it. Not all industry are losing from this pandemic, many are winning as well, especially those related to digital or technology. Covid surely made and force people to adapt more to technology, forcing many innovation in technology or digital to adapt in this new situation, and will surely advance the country slowly but surely. We can finally step forward although it's forced by the pandemic, but still, recovering from the economic loss will still be hard to do, and might take long time.

While it is true that many industries and businesses did great during the pandemic at the same time this is not as great news as it may seem, most of the businesses that are facing bankruptcy are businesses owned by hardworking people that wanted to advance in life and they cannot endure the difficult conditions anymore, while the businesses that thrived under the pandemic were under control of those that were already incredibly rich and it gave them an even bigger advantage over their competitors concentrating all that wealth on even fewer hands.

Many corporations benefited from the Pandemic, especially the pharmaceutical industry (and as simple as local pharmacies), by selling masks, hand sanitizers, self tests and many more. On top of that, chain stores such as supermarkets are noticing the largest revenues they have ever seen, in the past few years.

It's the middle class which is decimated, local retail shops, restaurants and so on have faced the financial consequences of the pandemic.

Which is why printing more money as governments are trying to do in order to stimulate the economy is not going to work, as you say it is the middle class that is heavily affected and the jobs that their small businesses generated are not going to comeback especially since people are not spending their money as they used to, we must recognize that things changed and the way people spend money has changed as well, which is going to make the economic recovery incredibly hard if not impossible.

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Quote from: Kong Hey Pakboy on May 17, 2021, 05:01:35 AM

Quote from: dongyi17 on May 16, 2021, 10:23:34 PM

I think covid19 cases and pandemic also pushes bitcoin to make it accepted into all the world, to avoid spread of virus through money, they would rather choose it as a means of transferring and transaction and everything, now a days electronic use of money is more convenient rather than carrying int all in your bags or wallet. Yes covid somehow help advamce the world into whatever would take place into the future.

That's the more appropriate word in my opinion which is pushed brcause most of the technology already existed, we just don't bat an eye about it and we didn't need it pre-pandemic. There are merits to both regarding electronic money and physical money, you aren't going to worry about getting phished in physical money and your purchases aren't tracked in physical money.

the big effect of a pandemic is to change a person's activity habits. who used to use more cash, although the use of electronic transfers has also occurred a lot. but with this pandemic bitcoin is increasingly popular, and many people are using it to invest, so cryptocurrency can be used like fiat money today

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Quote from: AicecreaME on May 14, 2021, 08:21:39 AM

I agree but I think it's so inhumane to say that.

My only point here is that I can't see people died as a benefit to what we have now because of COVID-19, I don't care how much it takes to develop the economy or the community as long as we are not worrying to die every single day because of the virus. But I guess mother earth is making it's move to wipe up human beings after we take too much from earth instead of cultivating it to remain healthy, in short, we are the virus of our own ecosystem.

We all care about money, on how much properties we have, how many cars we have, we crave for so much wealth and success but we don't even care if we destroy nature just to build tall buildings, it's just cruel. What's the sense of keeping ourselves rich and surviving if the place we're living at is already dying.

You cannot have a vision of reality that is hindered by what you think is fair, right or humane or you will not be able to understand the world - which is not fair, right or humane.

Attributing greed or materialistic values to this post does not make you more humane but rather a person that cannot dealt with emotions adequately and is very confused about life in general. This is confirmed by you mixing the human side of a tragedy with the economy and adding some karma and pseudo philosophy into the cocktail.

As most times in life, there are endless perspectives to complex issues.

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Quote from: dongyi17 on May 16, 2021, 10:23:34 PM

I think covid19 cases and pandemic also pushes bitcoin to make it accepted into all the world, to avoid spread of virus through money, they would rather choose it as a means of transferring and transaction and everything, now a days electronic use of money is more convenient rather than carrying int all in your bags or wallet. Yes covid somehow help advamce the world into whatever would take place into the future.

That's the more appropriate word in my opinion which is pushed brcause most of the technology already existed, we just don't bat an eye about it and we didn't need it pre-pandemic. There are merits to both regarding electronic money and physical money, you aren't going to worry about getting phished in physical money and your purchases aren't tracked in physical money.

ropyu1978

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Quote from: Kamarah on May 06, 2021, 06:02:18 AM

Covid19 translation has resumed. Everyone is very confused and worried. The speed of spread is too fast for everyone to turn their hands on. In India, the number of people dying is too much, they have to cremate their bodies. In Vietnam, the number of people infected is 500. Let's strictly follow the government's direction in epidemic prevention. Keep a safe distance, disinfect and wear a medical mask.

I agree with your opinion bro, we have to prevent the virus from us, we have to keep our distance, we have to wash our hands, and we wear masks, to guard against viruses, we have to protect from now, so that the incident in India does not happen our country ,, during a pandemic we have to look for income for our finances ,, the world in digital might be able to make our finances good ,, by buying and selling bitcoin, we can increase our income ...

Topic: COVID advanced the world into the future - page 12. (Read 3178 times)