Topic: Economic crisis its good - page 2. (Read 543 times)

OP is a troll that likes to open up a bad spam topics for some reason, which I am guessing is mainly about getting merits as cheaply as possible. We have bunch of accounts like these, they are lurking in the local boards usually but there are some in the economics section few times a year. We had previous examples of this before, and I am guessing it is the same person because the type of messages are similar as well.

There is no logic to "economic crisis is good" unless you are a greedy wealthy person taking advantage of the situation. Sure, it was great for Jeff Bezos who gained more and more money thanks to pandemic and amazon being the only open one for a long time. But we are not that, so it is not good.

I agree with you and I think the op needs to explain what he meant so we can understand. There is no way things will be available for people to buy, the supply of food and other things will be scarce when there is crises, anyone who takes the risk to buy things for example food will want to make abnormal profit from it.

I understand your point but the way you are describing the World Crisis is quite unrealistic. You believe if the world goes in crisis things will to cheaper and everyone can afford them bit in reality this is not what actually going to happen.
The crisis mean money will lose its value and no one will be able to afford anything at all.
So its better to not wish for world crisis but to wish for good economical growth so more people can have better jobs and better portfolio.

No matter how good crypto is, it still has its drawbacks. As you said though crypto investing is very affordable for everyone. But some people
who are not tech savvy have a bit of a hard time investing in crypto, like I have family members who are old, they rarely even access
the internet, because for them accessing the internet is a difficult thing. Even I have explained it several times to them, but they still don't
understand it. Finally they give up and choose to invest in gold, or choose to save in a bank even though the interest earned is very small.
There is also a friend of mine who lives in a mountainous area which cannot get internet access, there are always people who can't invest
in crypto. But indeed the majority of people now make the internet a basic need, so it should be for most people there will be no difficulty
if they want to invest in crypto.

This means that crypto is indeed the best opportunity to make money as long as we can access the internet, especially in an economic crisis
like now, crypto provides a pretty good solution for us to be able to earn an income. So the conclusion is that crypto has more positive effects
than negative effects, related to crypto shortages that might be overcome in the future. After all, nothing in this world is perfect, everything
has advantages and disadvantages. So far I think the advantages of crypto stand out further, so learning crypto is something that is highly
recommended if we want our lives to be much better.

Buy cheap things? What are those? Junks?
Inflation means everything will rise. Cheap workers? No, you need to accommodate their needs or else they will leave you.
If food price is high then you pay them less then what are they working for? Survival? Everything will move although it may be slow for workers to get a wage hike.
Your type of perspective seems a bit off to understand how a cycle happens.

Crypto investment is really suitable for almost everyone because it does not require us to have a lot of money to participate. Compared to the current investment channels, crypto are considered the most profitable. To get into crypto, we need to be a bit tech-savvy so it's not yet accessible to many people. This is the weakness that crypto are experiencing.

I have to agree that crypto is an investment channel that can give the poor a chance to change their lives, but they need knowledge, patience and effort to seize this golden opportunity.

Probably if the people weren't stupid and were smart about who they're voting for the office and they always keep companies in check, then we wouldn't be suffering from this looming economic crisis because that's the only result when the population is stupid and they continuously vote for corrupt and incompetent politician. Don't say to me that politics doesn't have any connection to economics because you're going to look stupid and given how government is the one that keeps the economy in check, no single individual can keep the economy alone.

Indeed. If there's an economic crisis almost everything is turning up and the sad part of this is, the salary of the workers are still the same, no increase. People are the most affected in this situation especially the less fortunate. Well, there's a way to take advantage it if you will look on the good side. Just like in crypto world, if everything falls then its time to fill our bags and be wise where to put your money.

The current condition is that other countries are in an economic crisis, plus the prices of basic commodities and others have increased drastically, and usually people who can't afford it or even those who can afford it are used to rising prices. But now the increase is very high compared to previous years. Because usually the price of basic goods that there is an increase or decrease. People are currently experiencing anxiety with this kind of situation, then the poverty rate is increasing and people have no income. The government has even made every effort as much as possible in stages so that economic conditions and prices of basic commodities are stable.

In normal conditions, real estate is indeed the best investment object in my opinion, apart from low risk, along with the development of the surrounding environment, the price will increase according to market value. but this is also not the case under all circumstances, such as during war, where property is no longer the best option. Instead, cryptocurrencies are considered to be a new investment option, which is the same as gold. especially at this time the price tends to be cheap so we can buy at a good price

What you say is true, because the demand for housing continues to rise and property prices also continue to rise every year. Making real estate
a safe and profitable investment, but unfortunately only people with a lot of money can investment in real estate. Due to my insufficient income,
of course I have to look for other more affordable assets for investment. For now I focus on investing in crypto, although the risk is very high,
the profit generated is very promising. Even if we are lucky to invest in a new project, only with a small capital the profit generated can reach 100x.
Moreover, investment in real estate is currently very difficult to sell, due to the global economic crisis, the purchasing power of the people
has decreased considerably. So in my opinion right now it's not effective investing in real-estate, now the modern era where technology is
the most important, so investing in crypto that is related to technology is much more profitable and also more affordable for everyone.

In my country, which is experiencing an economic crisis, the reality is not what you say.

when work is hard to get and income to meet the burdens of life is hard to come by.

in fact the price of vehicle fuel is increasing, even COOKING OIL is expensive in my country.

fertilizer for farming becomes expensive. and keep going up. Even though there are subsidies from the government, there are parties who are playing with prices.

more sorry for the livestock business. because of higher feed prices. then the meat would not want to be expensive. However, the purchasing power of the people has decreased. because all of them are currently in an economic crisis due to the corona virus.

maybe every country is different. but that's the reality in my country.

maybe because our country imports too many food ingredients and other things that are actually not needed because the food ingredients in the country itself are more than sufficient.

but I'm not an economist so maybe the government knows better which steps to take.

Honestly, real estate is always the safest and best investment channel. Over time, real estate will always increase in value as the world's population is increasing and the demand for housing is increasing, not decreasing. But real estate is not for everyone to invest, it is only for those who have a lot of money and a well-off life. It is difficult for salaried people to own real estate.

“Never let a good crisis go to waste.” Churchill said...

OP has a point. If you can manage to play your cards right, crises provide very good opportunities. While some of those incredibly rich people go dirt poor, some of the dirt poor people become filthy rich. You just need to observe what's going on carefully and act accordingly. It often works...

and when it all happened it was good? Are you sure? economic crisis its good? I'm a newbie about the economy,  but i worried if a crisis occurs. I, who didn't really understand, thought that everything that happened would make it difficult for me. nothing good when it happened. and you want to start a business when it's like that? you really are a brave person.

it will reverse like you said. The economic crisis makes goods more expensive and life will be very miserable. When inflation occurs, all goods will soar, and that's where chaos occurs. There is nothing good about the economic crisis, because various crimes will also arise because the needs can no longer be met.

Well this is true, for example in European countries they have special concern for oil and gas, which RUSSIA was the one that provided them with both oil and gas, so one of the winners are those countries that can supply all the demand they have in USA and Europe.

I know that in some parts of Europe things have gotten harder, for example in Spain, in Madrid it is expected that gasoline will rise in price enormously and thus everything will be difficult, both for the people who work and for food and other things , since trodo goes up, and if all this is not resolved quickly, Europe could fall into a possible crisis.

Of course, a global correction is a paradise for big investors who buy up various assets for next to nothing and then make big profits through market recovery. But there are not many people like that in this world. For most people the financial crisis is more of a blow to their budget than a benefit. Many people lose their jobs and businesses, can't pay their loans, their standard of living gets worse, unemployment rises, and the number of poor people increases. So I don't see anything good in a financial crisis, speculators and big investors aside. Not everything should be evaluated through the prism of financial gain.

Well without a doubt during a period of economic turmoil there are always opportunities to multiply your money, however as you have pointed out the majority is not going to have access to those opportunities and only those that already have a lot of capital on the sidelines can take advantage of them, so this is nothing more but the richer getting richer and the poorer getting poorer, and unless you are one of the few that prepared themselves to try to take advantage of those opportunities then you will also suffer due to the economic crisis as everyone else.

I do not agree with you. When did things and products become cheaper during a crisis? Due to ongoing events, the crisis will not only affect Russia and Ukraine, but will visit every country in the whole world. Russia is part of the world economy, this will make itself felt. Many have already figured this out by fuel prices. Further there will be an increase in inflation and a rise in the price of all products, things and services.
It is strange to hear statements that the crisis is good. I have already felt on myself from these events, the pocket has become a little empty.