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Topic: Do you believe history repeat itself? Economic wise. - page 4. (Read 778 times)

legendary
Activity: 2422
Merit: 1232
Leading Crypto Sports Betting & Casino Platform
History repeats itself only do make happen if the current generation have adapted into the mistakes that the past generation committed and have never learned from those mistakes. Although there are some sort of factors why economy of a certain country is going back into where it have used to be in the past, those can still be manageable if both the government and people will do collide to create better solutions to deal with the economic problem you were facing through. But if one side lacks the needed power to make things work, then it will just prolong the burden and will probably turn out things to be repeating the history. But there are really cases where history repeats itself and with that, things must get easier to be solved since you have been through that but that will still vary depending on how the government and the people will act to get through such economic problem.
hero member
Activity: 2492
Merit: 586
Here in my country the inflation is soaring again and there are a lot of factors why it is happening and one of the main factor is the pandemic. The economy of each country is in the critical condition because almost all of the country are now experiencing a huge economic down in which it may result into inflation and just like what the others says, the government or the politics are the one who must need to do an action in order to prevent and stop this kind of drowning. During the past virus the economic of each country has been down also and I think it is history repeats itself.
I think that is not just your nation, obviously I do not know where you are from but the reality is that we have been in an economic downfall and a huge inflation in my nation as well and when I look at the "official" inflation numbers around the world I can see why it is bad for almost every nation, even the official ones are very terrible and most of the time those are lies and the reality could be as much as 2x higher as well.

Long story short we are in a world where inflation is horrible and because of that I believe people are now moving towards bitcoin because they have lost their trust towards anything fiat related and where are they going to go if they do not trust fiat? Either gold or bitcoin, those are the two most known ones in the world right now, even the market cap suggest the same, and that is why bitcoin price surged so much this year.
legendary
Activity: 2842
Merit: 1152
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.
When you are into a business or job which get you payments in accordance to current inflation then you can easily escape from these chaos. Yeah, all jobs are paying with respect to food/rental/bill costs. So, when you are into government job then you never need to worry about inflation as your government itself will take care of your salary and this is the reason in my country government jobs are highly preferred.

Only for the people who are depending on bank interest or anything similar to that may suffer due to inflation. So, we must need an effectively paying business or job for smooth life regardless of inflation rate going on round us.
member
Activity: 812
Merit: 13
Crypto bookmaker and casino
History repeats itself especially in this recent time where the currency/forex market always bring forth the previous reaction of price with a significant move.
sr. member
Activity: 644
Merit: 252
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 know the feeling of pushing yourself into something risky during times of crisis because I turn to crypto in the time that I am not yet hired. You'll feel that it is the only way, the easiest and the fastest way to earn money. I know I successfully past those days but I also know not everyone goes the same because again "it is risky". On the present time, pandemic causes price hikes as well as many people lose their job and due to tha poor or low income family were becoming more down. Some can't complete their meal three times a day. Hard to accept but true. Yes history repeat itself, cycle of going much more worse.
sr. member
Activity: 1498
Merit: 416
★Bitvest.io★ Play Plinko or Invest!
Here in my country the inflation is soaring again and there are a lot of factors why it is happening and one of the main factor is the pandemic. The economy of each country is in the critical condition because almost all of the country are now experiencing a huge economic down in which it may result into inflation and just like what the others says, the government or the politics are the one who must need to do an action in order to prevent and stop this kind of drowning. During the past virus the economic of each country has been down also and I think it is history repeats itself.
hero member
Activity: 2128
Merit: 520
Yes I believe that history repeat itself, based on my observation.  It happen in a way we do not expect, the inflation and deflation you can almost feel, specially now in time of pandemic, our stock is decreasing and our economy is also failing, our business industry is affected, so is the people.

Investment are being affected and that's the big factors, most of the stocks and businesses are falling

so with the people, without investment to flow, the economy will suffer a lot.


Our government did whatever they can to helped our country men but then there still this people who are greedy of money who only think of themselves. May God who is the source of wisdom help us solved the problem.

Faith and other forms of belief are the only way for suffering people to entrust their fate, those greeds

are  still existing even this pandemic are really beating every nations economy.
hero member
Activity: 2912
Merit: 629
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.
Its really unfortunate that we've been going through the same situation that also happened in the past. History can really repeat itself if the people in the position who supposed to solve the current problem about inflation are addressing the issue with a working solution.

The poor are the most affected by this problem. You're already poor yet the goods and services are making it harder for everyone to live their everyday lives. Lockdown prohibited people to work but the government financial assistance and relief goods are not enough to sustain everyone's needs. Its really a hard situation for people who cant feed themselves if they dont work.
jr. member
Activity: 170
Merit: 4
>>https://bitcointalksearch.org/topic/m.56754269
>Not just hat prices went up but they simply cant be bought
The impact is mainly human behaviour, every human spend mindlessly when they’ve no worry, and they shun spending on bad time.

>>https://bitcointalksearch.org/topic/m.56755062
>but gambling is not an inflation solver,
Without gamblers, the market would have long in constant, every man has to risk their life to make change. The history is full of people who don’t want to take risk and driving market unstable.

>>https://bitcointalksearch.org/topic/m.56755300
>But we do often
forget everything that happened in the past, therefore many people do not realize that a lot of history is repeating itself in human life.
the history is full of people who love to live a constant life, when they have to face harsh reality, they freak out and shake the market

>>https://bitcointalksearch.org/topic/m.56755388
>our money to invest/trade on stocks, cryptos, bonds and any market that can increase the value
that’s a zero sum quick fix, not all of them would work indefinitely through.

>>https://bitcointalksearch.org/topic/m.56755460
>usually stocks, bonds and money market are the option to protect the value of your money now we have cryptocurrency market as one of the best option
whether they’re best option, it doesn’t really make more money until you withdraw into cash, you have just number on the paper, plus it’s also coupled with history, the market is good for now, everybody indulge with the good feeling and good profit, it might not be the same in future.

>>https://bitcointalksearch.org/topic/m.56755577
>the rate of the cycle between each wave is shorter and so is the reason we are experiencing multiple recessions in our life time.
I doubt the history is not time constrained, wave is getting shorter, it is the human behaviour getting very paranoid with the next hardship, and rushing to be the top of the race, it’s a competition to be the first.

>>https://bitcointalksearch.org/topic/m.56759292
>those who had much more savings and be using them to start again. However, most of us were totally devastated
may be try gambling to make a change is the only way out?

>>https://bitcointalksearch.org/topic/m.56759684
>never learn from the past and those who cannot learn from history are doomed to repeat it,
it is baffling human might be getting smarter, not only they know it would repeat, they even come up with trick to make this crisis even more damaging, the next crisis might be more severe because smarter human continue to take full advantage of the next coming history cycle.

>>https://bitcointalksearch.org/topic/m.56761198
>people start having multiple sources of income
why not farm your own produces? Build your own house? Create your own gadget? Instead of just buy them from market?
full member
Activity: 896
Merit: 104
The Standard Protocol - Solving Inflation
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.

You are actually very correct in your observations of what is going on the world right now. There really is no way anybody can escape from the economic impact of inflation and surge in the prices of goods and services.
I do believe that as much as this is going to each and everyone's daily routine, we'll always find a way to survive. It has happened in the past.
For this time, I won't be surprised when people start having multiple sources of income just to make sure they are above the situation. People will venture into a lot of things in order to make ends meet which is absolutely normal
legendary
Activity: 2114
Merit: 1292
There is trouble abrewing
since people never learn from the past and those who cannot learn from history are doomed to repeat it, i have to say yes the history will repeat itself over and over.

the inflation you are talking about may not be as palpable in some countries but it is there and it was started last year. it is just faster in some countries otherwise it is happening all over the world since there wasn't a single country that didn't go crazy in printing money. in fact some countries such as US printed the most amount of money in history of mankind!
full member
Activity: 658
Merit: 103
It is clearly felt all over the world due to pandemic. I envy those who had much more savings and be using them to start again. However, most of us were totally devastated by this and some even lost their loved jobs and not sure if he/she would be hired again.

Maybe if things go to normal again, it's wise to prepare again for the worst just like this.
hero member
Activity: 2814
Merit: 911
Have Fun )@@( Stay Safe
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.
It is not a big secret that history will repeat itself and economic cycles are a fact and there are many factors that determine how the cycle will be at a given point. Right now we are in a pandemic and we are bound to see inflation in a huge way and it will have an affect globally at some stage in the next few years.

The only difference is that the rate of the cycle between each wave is shorter and so is the reason we are experiencing multiple recessions in our life time.

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.
Metals and other investments might be a good idea along with cryptocurrency investment if you think the fiat currency is dragging everyone down.
sr. member
Activity: 2380
Merit: 357
Economic crisis is inevitable, it will always happen on every country even the most developed country and that’s the time for the inflation to increase because of panicking, manipulations and many things some businesses will survive but most of the small businesses will suffer.

We should also have a plan to survive if there’s a sudden increase on inflation and if the crisis happen, usually stocks, bonds and money market are the option to protect the value of your money now we have cryptocurrency market as one of the best option to beat inflation rate, this is not gambling its more on protecting our own money.
full member
Activity: 2086
Merit: 193
I don’t think there’s a cycle on Inflation because if you look at the past years on every country, you can see that it continues to go up and there’s no way to prevent Inflation from increasing, we might just delay it but in time inflation will still win, just like this example on the year 2001 the Double Mcburger can only cost you around $1.50 in my country, now it can you cost up to $3.5.

We can use our money to invest/trade on stocks, cryptos, bonds and any market that can increase the value of your money but it wont help to stop inflation, we have to deal with this properly because everything will go up as the demand continues to increase.
sr. member
Activity: 1876
Merit: 318
Indeed, history often repeats itself, such as economic crises that repeat themselves and humans are able to get through them. But we do often
forget everything that happened in the past, therefore many people do not realize that a lot of history is repeating itself in human life. I firmly
believe history repeats itself, therefore if something big happens, I believe it has happened before. That's why it is important for humans to study
history and not forget it. So that when it happens again in the future we can be better prepared to face it.
hero member
Activity: 1498
Merit: 702
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.
No country can remain comfortable with inflation not even developed countries, but gambling is not an inflation solver, am in a country where we are trying to live with the inflation system, since it's now a natural style for our economy, this is a bad, because it adds to the already Hardship of my  the people from my land. I think politically the politicians has down there game to reviving good economy, and up there fraudulent and embezzling games.
legendary
Activity: 2730
Merit: 1288
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.

All prices will go up. Right now there is lack or all resources. Not just hat prices went up but they simply cant be bought. Companies have to stop productions fro a day because of lack of supply's. This will sooner or latter transplant into prices of end products. People will pay for them. Most countries will have fat inflation next year.
jr. member
Activity: 170
Merit: 4
>>https://bitcointalksearch.org/topic/m.56753270
>some who are able to find a way out of the country don’t waste a time in taking their leave to go look for greener pastures.
where can you go? Can you be independent? Do you think you can survive the wilderness?

>choose to ignore out of greediness and trying to launder money, none of them cares about the countries that they are really,
The very honest self of any man, they’re all selfish and heartless, the love for money, the love to cheat the system, the love to destroy the other man they don’t like, full of hatred and jealousy the list goes on.

>and I believe this would come to an end when the people decides to take power into their hands and deal with the government officials.
that’s silly, it might be wiser to just leave the country? Fighting the evil with your strength alone?

>Food has been costly, and things has been getting worse since the coronavirus started, and everywhere is just messed up, and lots of things have been happening.
get used to it, the condition in the slaughter house isn’t any better, when the history repeat itself, you have better idea what is about to come next.
hero member
Activity: 2828
Merit: 611
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.
Well that has been the issue in my country and people are blaming the current government for what’s happening in the country, and some who are able to find a way out of the country don’t waste a time in taking their leave to go look for greener pastures.

I believe that issues like this is something that the government can solve, but they always choose to ignore out of greediness and trying to launder money, none of them cares about the countries that they are really, and I believe this would come to an end when the people decides to take power into their hands and deal with the government officials. Food has been costly, and things has been getting worse since the coronavirus started, and everywhere is just messed up, and lots of things have been happening.
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