Topic: Currencies are Collapsing Everywhere. (Read 935 times)
Naturally, if the currency value continues to decline due to many factors, and inflation that occurs around 10% per year, so after 10 years the price of the product can rise to 100%, this also makes the problem complicated because more and more people try to find alternatives and even prefer to save Money in stronger foreign currencies such as USD or Euro.
Why are so many people feeling surprised about these recent currency value depreciations and other economy related issues? I expected this kind of stuff to happen primarily thanks to COVID.
Putin's messed up war basically added fuel to the fire which is why the global economy is collapsing slowly and steadily, but I am confident that it will recover soon.
What Putin did is a disaster and make everyone suffer from that war. Market inflation, currency value depreciation, and oil price is rising - I think everything around the price went high and wild. I couldn't imagine how these poor people able to survive if this will take so long.Putin's messed up war basically added fuel to the fire which is why the global economy is collapsing slowly and steadily, but I am confident that it will recover soon.
Yes, recovery will come but can't imagine how fast it was or if it is only too slow. As long as the war between Russia and Ukraine continues, it closes my mind to think the situation will easily change but might it worse.
effect if we do speak about economic problems and issues that we are facing today but to mind off that this isnt only the sole reason on why we are experiencing these declines.
There are several factors which would really be the reason on why we are facing these things.Its collapsing everywhere and there were no exemptions when it comes to this one.
As a citizen then the most sensible thing to be done is to make yourself that get prepared on whatever things that might experience along the way.
Why are so many people feeling surprised about these recent currency value depreciations and other economy related issues? I expected this kind of stuff to happen primarily thanks to COVID.
Putin's messed up war basically added fuel to the fire which is why the global economy is collapsing slowly and steadily, but I am confident that it will recover soon.
What Putin did is a disaster and make everyone suffer from that war. Market inflation, currency value depreciation, and oil price is rising - I think everything around the price went high and wild. I couldn't imagine how these poor people able to survive if this will take so long.Putin's messed up war basically added fuel to the fire which is why the global economy is collapsing slowly and steadily, but I am confident that it will recover soon.
Yes, recovery will come but can't imagine how fast it was or if it is only too slow. As long as the war between Russia and Ukraine continues, it closes my mind to think the situation will easily change but might it worse.
Why are so many people feeling surprised about these recent currency value depreciations and other economy related issues? I expected this kind of stuff to happen primarily thanks to COVID.
Putin's messed up war basically added fuel to the fire which is why the global economy is collapsing slowly and steadily, but I am confident that it will recover soon.
What Putin did is a disaster and make everyone suffer from that war. Market inflation, currency value depreciation, and oil price is rising - I think everything around the price went high and wild. I couldn't imagine how these poor people able to survive if this will take so long.Putin's messed up war basically added fuel to the fire which is why the global economy is collapsing slowly and steadily, but I am confident that it will recover soon.
Yes, recovery will come but can't imagine how fast it was or if it is only too slow. As long as the war between Russia and Ukraine continues, it closes my mind to think the situation will easily change but might it worse.
Why are so many people feeling surprised about these recent currency value depreciations and other economy related issues? I expected this kind of stuff to happen primarily thanks to COVID.
Putin's messed up war basically added fuel to the fire which is why the global economy is collapsing slowly and steadily, but I am confident that it will recover soon.
Putin's messed up war basically added fuel to the fire which is why the global economy is collapsing slowly and steadily, but I am confident that it will recover soon.
I would not have been very optimistic about a short recovery time. In addition to the global change in the oil and gas market, changes in the industry follow. International logistics and many other related things will also change. It won't take 1 or 2 years. Plus, the highly probable development of an economic crisis in China is on the threshold. What will happen to the chairman of the CPC, re-elected 3 times, is a difficult question. As a rule, such "level" global problems ... with a war. Like their terrorist neighbor to the north. Will it be Taiwan, or Russia in a state of total impotence (economic, military, political) - the question is very complicated. If the United States, Britain and many other countries play for Taiwan, then no one will take a steam bath for the Russian Federation - for everyone, the loss of the Russian Federation from the map will only cause a sigh of relief ... And all this can happen in the next 5 years. Therefore, it is too early to be optimistic about the situation.
Why are so many people feeling surprised about these recent currency value depreciations and other economy related issues? I expected this kind of stuff to happen primarily thanks to COVID.
Putin's messed up war basically added fuel to the fire which is why the global economy is collapsing slowly and steadily, but I am confident that it will recover soon.
Putin's messed up war basically added fuel to the fire which is why the global economy is collapsing slowly and steadily, but I am confident that it will recover soon.
The depreciation of currencies, in the current situation, has very real reasons. In times of global crises, the state is forced to "turn on the machine" in order to ensure social obligations, to ensure priority tasks (for example, the fight against covid, or the purchase of gas). Of course, this comes against the background of stagnation in the economy and a decrease in the inflow of tax deductions from citizens and companies. The result is expected - inflationary processes. But if you do not pay those who do not like inflation, there will be even more screams.
People keep buying dollar to keep because the economy of their country keep going down. Like here in Nigeria, dollar keep increasing almost everyday. I think for dollar to be stabilized in any country, the country's economy must be worked on and must be improved.
Many countries which are still trying to become developed are suffering greatly by the crisis that we are going through, and it is normal their citizens are doing what they can to protect themselves, ironically since in those countries governments are a lot weaker people are used to try to look after themselves compared to what we see in developed countries in which people expect the government to fix things for them, so compared to their national currency getting dollars is a good option for them, but I wonder for how long this will be the case as the dollar is probably going to suffer as well in the near future.
The problem is that if there are not enough employment, and if governments are running a nation horribly, if there is no money incoming, if there are all these bad things happening to a person and its not their fault, should they just crawl up and cry? I mean don't get me wrong of course its governments and big capitalist billionaires who like to just screw small people that caused this. However, just because they don't care about us and create these problems, does that mean we should just stop working? You have to find a job, saying "there is none available" means you can't have an income, and if you don't then you are going to just starve to death. Hence, one way or another, online or offline, factory or digital, doesn't matter how but YOU HAVE TO find a job, and earn some money somehow. My nation is not doing that great neither, but I am making enough online and try to survive, I am in no means rich, but refuse to just sit at home hoping that I could get a job.
The Dollar Index hit 114.5 so that's the day which the basket of currencies that the dollar is weighted against and that is incredibly high so also the dollar is downtrend the RSI broke its downtrend which is pretty bad news for the rest of the global currencies like the pound did you see what the pound did so the pound fell to a record low of 1.03 and the dollar so I'm going to go over the British pound against the US the dollar quick brings you back to the 1800s during the
In the 1800s there it was five dollars to one
British pound the Napoleonic Wars 3.62 now going all the way to World War Two it was 3.25 dollars to the Great British pound now you had the great financial crisis
that was 1.35 Brexit which was 1.2 and
then right now you have 1.03 Ben Richards you've probably seen him on.
we are seeing a complete control
demolition of the entire economy
plus I think what they're going to be
doing is bringing out a central bank
the digital currency so the more that they
can make these currencies destabilize
the more that people will accept a
central bank digital currency that is
very stable but over the long run you
know they can decrease the value of it
easily and there's no
transparency whatsoever they are
frothing for a CBD right now.
In the 1800s there it was five dollars to one
British pound the Napoleonic Wars 3.62 now going all the way to World War Two it was 3.25 dollars to the Great British pound now you had the great financial crisis
that was 1.35 Brexit which was 1.2 and
then right now you have 1.03 Ben Richards you've probably seen him on.
we are seeing a complete control
demolition of the entire economy
plus I think what they're going to be
doing is bringing out a central bank
the digital currency so the more that they
can make these currencies destabilize
the more that people will accept a
central bank digital currency that is
very stable but over the long run you
know they can decrease the value of it
easily and there's no
transparency whatsoever they are
frothing for a CBD right now.
Yes but not the USD becouse USD still reserve currency.
Only lazy people will rely on governments help and if many people will follow what others did like asking some help then for those to come maybe they suffer from hunger since government action takes time since for sure this will have a delay due to more people seek for help. That's why we need to take action towards this and use our strength to find opportunity to earn money so that we don't need to wait for any help since we can sustain ourselves to buy the things we need.
I think the collapse of the currencies are also the fault of the governments. People blame them and they wait for the government's actions to solve the mess that they create but for some people who think are independent enough, they will try to look for ways to survive. Seeking for an extra job to earn more money can be one of the solution for this but it would be better if we prefer jobs which are paid by other currencies which aren't affected by the collapse.Cryptos are a perfect example for this. If it's not possible for some people to do that, then they can always work on the job they like and get paid with fiat and then use the fiat to buy a crypto.
You are talking like there is enough job on the ground and no one wants to do it. Most of the countries is facing unemployment problems when some countries is short of manpower for industries. This unbalanced of population growth in the world created some typical situation to handle. Govt also been corrupted and they just don't care about people but to hold their power no matter what happens to the country.
It seems like more than just currencies are collapsing in Europe. The political structure is falling apart too.
These days UK is in the news a lot since they couldn't even keep a prime minister in office for more than 44 days but elsewhere the situation is not better either. With the mass protests and riots all around Europe and how the governments are cracking down on the protesters with mass arrests the public unrest is going to continue growing threatening these governments and most importantly the economy since the whole chain is disrupted now.
The French protests has already grown with hundreds of thousands of people in the streets which has turned a violent and bloody clash with the French police. The workers, the transport and even schools are joining and shutting down.
These days UK is in the news a lot since they couldn't even keep a prime minister in office for more than 44 days but elsewhere the situation is not better either. With the mass protests and riots all around Europe and how the governments are cracking down on the protesters with mass arrests the public unrest is going to continue growing threatening these governments and most importantly the economy since the whole chain is disrupted now.
The French protests has already grown with hundreds of thousands of people in the streets which has turned a violent and bloody clash with the French police. The workers, the transport and even schools are joining and shutting down.
People keep buying dollar to keep because the economy of their country keep going down. Like here in Nigeria, dollar keep increasing almost everyday. I think for dollar to be stabilized in any country, the country's economy must be worked on and must be improved.
Many countries which are still trying to become developed are suffering greatly by the crisis that we are going through, and it is normal their citizens are doing what they can to protect themselves, ironically since in those countries governments are a lot weaker people are used to try to look after themselves compared to what we see in developed countries in which people expect the government to fix things for them, so compared to their national currency getting dollars is a good option for them, but I wonder for how long this will be the case as the dollar is probably going to suffer as well in the near future. The real help one can do is to help themselves.
There is no one else who can help you out to survive the rainy days. The only solution of the inflation is to strive for the financial freedom
Sometimes people who have difficulty confused and do not think of looking for financial freedom, when they get money, are used for daily needs, this is our duty to help open their minds to invest even with small values.There is no one else who can help you out to survive the rainy days. The only solution of the inflation is to strive for the financial freedom
What’s wrong with living a life with spending your entire finances on material stuff, and buying things, eating outside at good places, going to vacations, buying the brand new phone, and whatever else they spend their money on. IF! they are capable of doing that without going into too much trouble, that’s fine, they will survive in the end anyway, but if they do it too much and get in trouble, that’s bad.
The central bank that issued legal currency certainly knows that inflation is difficult or even unavoidable, this makes the currency value will continue to decline so that when it reaches the lowest point, what the central bank does is kill zero.
What is meant by kill zero?
In general, inflation is difficult to avoid by the average country, but that does not mean it cannot be overcome by the state. For example, if a country has several large agricultural lands and raw materials that are often used by many factories and has a company that can process raw materials into finished goods, then the inflationary conditions can be slightly overcome.
Because the state does not need to import goods with the same use from other countries whose prices are much more expensive than those in their own country. And that is one of the few ways that can be used to be less affected by inflation when it occurs.
The central bank that issued legal currency certainly knows that inflation is difficult or even unavoidable, this makes the currency value will continue to decline so that when it reaches the lowest point, what the central bank does is kill zero.
Nigeria can be the richest country in Africa easily if they are able to produce their full potential of oil which is sold in dollars, the economy should then be secure to expand to growth. They need not fear the dollar strength as much as other countries which do not have that source of exports always there. I'm not saying like that is easy exactly but the path to prosperity for that country is a known thing, I hope it is able to be found though I just hear of many disagreements and troubles which leads to great cost unfortunately.
It ultimately comes down to import export balance for many countries, when currencies are volatile like now with Dollar at twenty year highs it makes it obvious short comings in that balance and production vs imported goods for each country. The surprising extreme this year has been the failure of one the worlds greatest exporters, Germany is globally important in its production so normally would be fine yet they've failed in some vital commodities and may yet suffer quite badly from a poor balance to their usage/consumption; its a lesson we all have to learn to some extent I think.
It ultimately comes down to import export balance for many countries, when currencies are volatile like now with Dollar at twenty year highs it makes it obvious short comings in that balance and production vs imported goods for each country. The surprising extreme this year has been the failure of one the worlds greatest exporters, Germany is globally important in its production so normally would be fine yet they've failed in some vital commodities and may yet suffer quite badly from a poor balance to their usage/consumption; its a lesson we all have to learn to some extent I think.
The dollar index cannot grow for a long time and soon speculators will buy cheap assets for an expensive dollar. People no longer trust banks, because you can lose money at any time. The CBDC will make it easier for regulators to control finances, and most banks will be forced to close or become subsidiaries of larger global banks.
Currencies are collapsing on a serious note and one fun thing about it is that people whose currencies are affected are busy buying dollar thinking that dollar is a safe haven since it seems that it's gaining strength against other currencies.
But all these makes me scared and like I am so much scared that the financial system could collapse. I don't know if I'm going weird or I'm in order.
In the crypto, anything that goes up must surely come down, I don't know if this will apply to dollar because dollar is very much over bought and the ending result might not be funny to the world economy.
People keep buying dollar to keep because the economy of their country keep going down. Like here in Nigeria, dollar keep increasing almost everyday. I think for dollar to be stabilized in any country, the country's economy must be worked on and must be improved.
Only lazy people will rely on governments help and if many people will follow what others did like asking some help then for those to come maybe they suffer from hunger since government action takes time since for sure this will have a delay due to more people seek for help. That's why we need to take action towards this and use our strength to find opportunity to earn money so that we don't need to wait for any help since we can sustain ourselves to buy the things we need.
I think the collapse of the currencies are also the fault of the governments. People blame them and they wait for the government's actions to solve the mess that they create but for some people who think are independent enough, they will try to look for ways to survive. Seeking for an extra job to earn more money can be one of the solution for this but it would be better if we prefer jobs which are paid by other currencies which aren't affected by the collapse.Cryptos are a perfect example for this. If it's not possible for some people to do that, then they can always work on the job they like and get paid with fiat and then use the fiat to buy a crypto.
Only lazy people will rely on governments help and if many people will follow what others did like asking some help then for those to come maybe they suffer from hunger since government action takes time since for sure this will have a delay due to more people seek for help. That's why we need to take action towards this and use our strength to find opportunity to earn money so that we don't need to wait for any help since we can sustain ourselves to buy the things we need.
I think the collapse of the currencies are also the fault of the governments. People blame them and they wait for the government's actions to solve the mess that they create but for some people who think are independent enough, they will try to look for ways to survive. Seeking for an extra job to earn more money can be one of the solution for this but it would be better if we prefer jobs which are paid by other currencies which aren't affected by the collapse.Cryptos are a perfect example for this. If it's not possible for some people to do that, then they can always work on the job they like and get paid with fiat and then use the fiat to buy a crypto.
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