Topic: Do you believe history repeat itself? Economic wise. - page 3. (Read 785 times)

High inflation driving everybody insane. The guy who is running out of money to keep up with the expenditure are pushing themselve to gambling their cash on everything possible, stock market, crypto, commodity. The cycle can be seen in years of the past. It’s not a untold story.
Food price is surely soaring. Some items in the online store soaring in price too, can’t you ignore it wouldn’t impact your daily routine, the inflation drag everybody down into the rabbit hole, no one can escape this chaos.

It should be noted that the world since 2020 has gone through Fundamental stages that had not been lived radically, Covid-19 has partially stopped the world, and some economic processes of all kinds have been affected, many speak of falls of the global economy, that it is best to shelter the money in Gold, Bitcoin, Real Estate, for now I think that we are experiencing new things, it is very difficult for economic patterns to repeat themselves, they are totally new events.

History does not repeat completely, but it rhymes. Each cycle is made up of increases and decreases in price. Every time we see all the assets and materials necessary for our lives increase in value. It's a popular bottom lift trick. For many years, economic planners assumed that the government was generating more money and that it only benefits a group of people in society. The rich are getting richer and the poor are poor than before.
We have seen that economic recessions happen every 10 years and it's easy to predict them. With a little carefulness and care, we will get through that cycle of recession.

I don't know what country you're in, OP, but where I'm at (the US) inflation hasn't started soaring....yet.  I'm anticipating it's going to start taking off, but I just don't know when.  We've got all of this stimulus money being put in every citizen's hands, and simple supply and demand would dictate that we should be seeing prices rising more than they are. 

And yes, I do think economic history does indeed repeat itself, especially in the stock market (which seems to have a very short memory).  Bubbles will continue to happen, depressions will continue--you name it, it'll come in cycles.  I do hope the US and some other countries have a plan to contain inflation and monetary devaluation due to all the money printing.  We know what the government is doing, but somehow we're never privy to their strategy for the future.  That's what concerns me.

I know many people who sold their bitcoin by the middle of December 2017 (by the rates of ~$15k) and got chances to by back below $5k by one year later. They simply made 3x profits in terms of number of bitcoins they are holding. I do see they were making use of the lessons they learned in 2013/2014 and applied the same on 2017/2018.

Is this somehow similar to time travel or not?

High inflation driving everybody insane. The guy who is running out of money to keep up with the expenditure are pushing themselve to gambling their cash on everything possible, stock market, crypto, commodity. The cycle can be seen in years of the past. It’s not a untold story.
Food price is surely soaring. Some items in the online store soaring in price too, can’t you ignore it wouldn’t impact your daily routine, the inflation drag everybody down into the rabbit hole, no one can escape this chaos.

High inflation driving everybody insane. The guy who is running out of money to keep up with the expenditure are pushing themselve to gambling their cash on everything possible, stock market, crypto, commodity. The cycle can be seen in years of the past. It’s not a untold story.
Food price is surely soaring. Some items in the online store soaring in price too, can’t you ignore it wouldn’t impact your daily routine, the inflation drag everybody down into the rabbit hole, no one can escape this chaos.

From where I'm at (PH), the situation is extremely bad to the point wherein the government needs to put the cities in strict community quarantines every so often, leaving people with no choice but to stay at home until further notice. The government aid too is also extremely bad, despite the government receiving hundreds of millions of dollars worth in donation, not to mention the loans that the government also took from banks. The economy is bad, prices of necessities are through the roof, and all they can think of as a solution is to put people into quarantines and not think of something that could give some air to the dying economy that we have.

Which reminds me of almost the same economic state that we've had 30 years ago. Sans the pandemic, the administration then was also so bad in handling things that the economy turned from worse to worst. From being one of the most promising countries in the Southeast Asia, we have descended into a bottomless pit of poverty, deception, and fraud from the people who are supposed to make things easy for everyone. Most of the mistakes of that administration is blatantly and obnoxiously being repeated today, causing a domino effect on the economy of the nation and also the well-being of the citizens.

For every bad beat in the economy, politics will always have a role to play. I'm not even surprised anymore that we're experiencing this again.

High inflation driving everybody insane. The guy who is running out of money to keep up with the expenditure are pushing themselve to gambling their cash on everything possible, stock market, crypto, commodity. The cycle can be seen in years of the past. It’s not a untold story.
Food price is surely soaring. Some items in the online store soaring in price too, can’t you ignore it wouldn’t impact your daily routine, the inflation drag everybody down into the rabbit hole, no one can escape this chaos.

I think you are wrong by saying no one can escape fiat based inflation. If you know the power in bitcoin holding, you will not say that. Also are some commodities like gold and silver. The price of these commodities and some strong cryptocurrencies can decrease, but over long term period, the price will increase. They are just one of the potential ways to avoid fiat inflation because there is one thing about fiat is that it can also increase and decrease, but over long term period, fiat always would have inflated through government manipulations and depreciate. Also, experienced traders are able to manipulate their ways in a way not to lose nor subjected to fiat inflation and depreciation.

High inflation driving everybody insane. The guy who is running out of money to keep up with the expenditure are pushing themselve to gambling their cash on everything possible, stock market, crypto, commodity. The cycle can be seen in years of the past. It’s not a untold story.
Food price is surely soaring. Some items in the online store soaring in price too, can’t you ignore it wouldn’t impact your daily routine, the inflation drag everybody down into the rabbit hole, no one can escape this chaos.

Many say the events of 2017 will not be repeated, because now Bitcoin is being bought by many institutions. I think the events of 2017 might happen again, but maybe it won't happen this year. So we really have to always be vigilant, because something bad sometimes comes suddenly.

I guess by gambling you mean they're riskying too much of their money in stock market, crypto, commodity, etc? 

Well, I think you could stop history from repeating itself by getting people to spend/invest wisely and be more productive. I would invest more in businesses led by talented, trustworthy people who are consistently profitable. They have to be good/safe businesses.