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Topic: Economic Implications of War on Individuals - page 3. (Read 2188 times)

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War can have a severe consequences on the countries that are involved in war so we have to know how to prevent war just like we have been seeing in Ukraine now. The war has not ended and people are suffering without food or what to drink.
War can destroy the glory of a country if things is not quickly resolved and each country need to avoid that. War is very devastating with higher consequences and we all need to make proper prevention against war of any sort because what is happening in Ukraine now is worse and can be prevented.
Over the course of a year and a half, according to Forbes calculations, Russia spent about $167.3 billion on the war with Ukraine.
The largest expenditure items are: support for military operations ($51.3 billion), military salaries ($35.1 billion), compensation to the families of the dead ($25.6 billion) and wounded ($21 billion) and the cost of destroyed equipment ($34 billion). This estimate does not include fixed non-military defense expenditures. It also does not include the economic losses of the aggressor country.

Every day, Russia spends about $300 million a day on the war with Ukraine. The Russian budget spent more in January–June 2023 than it planned to spend in the entire 2023. In Russia itself, rich in oil and gas due to the merciless exploitation of the indigenous peoples of Siberia and the Far East, where these deposits of natural resources are located, many settlements still remain ungasified, roads have been an eternal problem for many centuries, the living conditions of Russians in the outback, sometimes it is still at the level of the Middle Ages, but there they allow colossal amounts of money to be spent on killing their neighbors every day and for more than two years.

  Despite this, Russia is doubling its military budget and rapidly rushing into the economic abyss. Well, it's their choice.

https://forbes.ua/ru/war-in-ukraine/za-pivtora-roku-rosiya-vitratila-na-viynu-z-ukrainoyu-blizko-1673-mlrd-z-nikh-tilki-tekhniki-na- ponad-34-mlrd-rozrakhunki-forbes-16092023-16050
sr. member
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War can have a severe consequences on the countries that are involved in war so we have to know how to prevent war just like we have been seeing in Ukraine now. The war has not ended and people are suffering without food or what to drink.
War can destroy the glory of a country if things is not quickly resolved and each country need to avoid that. War is very devastating with higher consequences and we all need to make proper prevention against war of any sort because what is happening in Ukraine now is worse and can be prevented.
sr. member
Activity: 812
Merit: 349
What is the economic impacts on individuals with families and how do I sustain them during war period.
The simplest definition of war is a simple dispute between two countries that results in violence. It is never a pleasant experience or sight to behold. When a war breaks out, a lot of lives are lost, people go missing, children starve to death, businesses cease, and the nation is thrown into complete disarray. According to a little story, our grandparents told us, the only way to escape is to hide underground. The poor suffer the most during a war because they are unable to relocate to other safe places, cannot afford to stockpile food, lack access to healthcare, and lack guidance from security personnel. Meanwhile, the rich try their hardest to save their lives by utilizing their resources. War is the worst kind of conflict.
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Chainjoes.com

Does United States allow Ukraine to attack Russia that way? Like attacking Russian weapon factories, refineries, etc.? No, absolutely not! Since US wants to turn Ukraine to Russia's Afghanistan, this is why they neither gives them any weapon with a range more than 100-300 km range, nor allows them to manufacture one themselves.
I understand that this is ordinary Russian propaganda. But not to the same extent. Ukraine has already concluded five contracts with Western arms manufacturers, within the framework of which 5 joint defense enterprises were created in Ukraine.
https://hromadske.ua/ru/posts/ukraina-sovmestno-s-partnerami-sozdala-pyat-predpriyatij-po-proizvodstvu-oruzhiya-v-dalnejshem-takovyh-budet-desyatki-premer

Also, some defense companies, such as three French companies, are planning to expand weapons production in Ukraine.
https://www.epravda.com.ua/rus/news/2024/03/8/710930/

But Ukraine itself produces and even sells various weapons and military equipment for export on the world market. In the period 2005-2014 alone, Ukraine sold 202 aircraft, 232 helicopters, 714 infantry fighting vehicles and armored personnel carriers, 832 tanks, more than 28 thousand units of missiles and artillery weapons, more than 1.8 million units of small arms, etc.
https://www.epravda.com.ua/rus/publications/2020/10/28/666682/

The anti-tank systems "Corsar" and "Stugna-P" (export name "Skif"), as well as other high-precision ammunition from the state design bureau "Luch", have proven themselves well on the world market. And the quality of the Ukrainian anti-ship missiles “Neptune” has already been very well tested by the Russian Black Sea Fleet, which has already decreased by more than a third during the years of the war with Ukraine.
Recently, the number of various defense enterprises in Ukraine has increased sharply due to the needs of the front.
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Activity: 266
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- do you have any survival tips during war period?
the best survival tips during times of war is to do anything possible and just survive. Wars are not fought theoretically and most times, it doesn't follow a particular set out order so the possibility of  surviving war because you've read out some shitty strategies from a particular book is very slim.

- are there any business that I can do during a period of war so as to sustain my family? Can I still budget, save and earn in Bitcoin?
lol! Have you ever witnessed a communal crisis? The last thing you would probably think of is any business you should be doing when you're at war or to even invest. In the first place, you're not even sure you can make it out of that war alive and you are talking about investing for a future that's uncertain?

- What is the economic impacts on individuals with families and how do I sustain them during war period.
this is the only necessary question you should be asking and the sincere answer is that for most serious wars like what's happening in Russia and Ukraine, those residents in the major war affected zones always experience crippled economy and there is always no difference between the rich and the poor so everybody have to basically rely on humanitarian aids from external sources as they can't really go a out doing major business at all.

War isn't something anyone would want to wish he gets sucked Into to be honest.
full member
Activity: 308
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war is wrong and other countries have benefited from it in terms of selling ammunition, For countries that are at war, the first question I always ask is: Why do countries go to war, Why can they settle whatever the issue may be? Most of the time, it is always about the territory, and before they go to war, they are supposed to consider the psychological effect of this action for Christ's sake Children are living in those places but all they care about at that particular time is how to get the other country to bow to there will. During the World War, a lot of people died. and they still did not learn from that. I am disappointed in some countries because, during this war, what some countries did was take sides when what they were supposed to be doing was looking for ways to settle them. and give them the condition that there should be a world jurisdiction so that when you don't listen, they sanction you. The number of lives lost in the whole process is worrisome, war should be permanently stopped among nations. If not, we are not going to end well in all these ways.
   There is nothing that cannot be resolve with dialogue. That I mean dialogue can make peace instead of war. With dialogue the both parties can come with some kind of agreement within them self. But these is not so for some of these country. Greed and Arrogance can be are be reason. It may even be due to the selfish interest of the leaders that may rest to war. There are some set of people who are cashing out massively from any crisis the arms dealers are one of the few. Some officials use the medium to embezzle money in the name of charity. Some of these leaders are just ruthless an inconsiderate, they don’t mind going extra just to keep thier pocket fatten. There are more happening behind the scene that we don’ know of, they gamble with people lives. Causing chaos in the land, destruction of properties. It is very easy to destroy but it takes time to build. They are better ways of resolving issues instead of risking people lives that was meant be lived.
   Nothing good ever comes out from going to war, even people that were fortunate to live through some war wouldn’t want to see another war. Because it all sad and depressing, people lives will mean nothing at the time of war, even children are not safe, every one is on the heel and always looking at their shoulder. Survival instincts will suddenly kick in for those that can survive. This is no way to live, we didn’t come this world to be looking over our shoulders. Dialogue is the best way to resolve arguments. People in power knows this but no they are up for what they will gain. I hope we don’t see any more war. Enough with the guns let’s embrace LOVE !!!
legendary
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A war has the greatest impact on a country. This effect deals a lot more damage. In addition to the economic collapse caused by this war, I would say future generations suffer the most. As a result of war, the normal life of people is affected terribly and its impact is especially noticeable in the field of education. The extent of the suffering that people in a war-torn country go through can never be understood without actually seeing them. Those who have lost their wealth, their own houses, personal institutions etc. through the war know how great the suffering is. The biggest pain is seeing your family members die in front of your eyes. People who lose their wealth through war casualties die for food at the end of the day. It is indeed a curse to the world.

As we have seen personally in the last 5 years, the hardest hits to countries and their economies come from pandemics and wars. But if pandemics can be overcome - quarantine, compulsory vaccination, compliance with certain rules, wait a little and it will subside, then war does not work that way. The way out of war, war against the aggressor, is binary. Either you defend your country and destroy the enemy, or he will defeat you and destroy your country and you. And there's no solution to a pandemic. The defending country is forced to use the lives of its citizens, money and many other things not for development, but to save itself from destruction. It's a terrible cost...
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A war has the greatest impact on a country. This effect deals a lot more damage. In addition to the economic collapse caused by this war, I would say future generations suffer the most. As a result of war, the normal life of people is affected terribly and its impact is especially noticeable in the field of education. The extent of the suffering that people in a war-torn country go through can never be understood without actually seeing them. Those who have lost their wealth, their own houses, personal institutions etc. through the war know how great the suffering is. The biggest pain is seeing your family members die in front of your eyes. People who lose their wealth through war casualties die for food at the end of the day. It is indeed a curse to the world.
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Activity: 70
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Undoubtedly, during the time of war or a prolonged violent conflicts, the certainty of safety of human lives and normalcy of business are not guaranteed. During the Nigerian/Biafran civil war between 1967 - 1970,, several lives were lost on both sides and economic activities were grounded mostly in the then eastern region of the nation.
Besides these, there were social and psychological impacts on the people of the Eastern region in particular.
Socially, most children borned during the civil war were without fathers. Most of the male partners were soldiers of either faction of the war, and did run away. Only few of the children were able to trace their fathers after much pressure on their mothers who were equally lucky to know the home of the runaway soldier. The rest unlucky children are without knowledge of their fathers to this day.
Psychologically, there have existed mistrust and distrust trauma between the people of the then eastern region and the northern region. It has affected the political trends to this day.
legendary
Activity: 3752
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Commander-in-Chief of the Armed Forces of Ukraine, general Zaluzhnyi was fired just because he wasn't obeying NATO orders and was trying to fight for Ukraine and not for US. He was also going against the US installed Zionist puppet.
He was replaced by "The Butcher" because his replacement is known for obeying NATO orders...

And some people still have a hard time believing the US congress members statements when they say "We [meaning US] will fight Russians to the last Ukrainian". This is exactly why Ukraine has been losing and will continue to lose as long as they fight for US and not for Ukraine.

All of this mess will continue and the global economy will suffer as the result. Which is at the same time highlighting the importance of decoupling the economy and deglobalizing it which starts with dedollarisation and will continue with economic blocs that separate themselves from the dollar and US policies such as warmongering that affects the economy.
The good news is that dedollarisation and economic blocs (BRICS, SCO, ASEAN, etc.) continue strengthening and expanding.

Please provide a link to an official document or a credible source, or write "I have a new morbid fantasy and it is so - ", and then your post  Grin

The reality is much simpler - the Presidential Administration's underhanded struggle and an attempt to remove a very powerful, well-deservedly respected by both the population of Ukraine and Western partners, a potential competitor in the presidential election, which Zelensky does not want.
legendary
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It is hardly to be expected that anyone would have the idea that business can be done for survival during wartime. I think the only survival tip is to survive at any cost in any situation. The best way to think is to keep the brain as still as possible. War means destruction, destruction of the human body and mind, destruction of the economy, destruction of infrastructure, destruction of education, shelter, and medical care all basic needs are distorted. All the resources around you are very likely to be destroyed during the war, so to survive the war and develop from here, the only thing to do is to use those resources to save money through cryptocurrencies which will help you survive later.

If the billionaires are building their bunkers to hide when the shit hits the fan, maybe an ordinary person can also build his own. I think the war will not happen abruptly, there is still time. They are still not done with their bunkers.

There are war preppers on youtube who give tips to survive the apocalypse. It's after the war is where the real challenge for those who survived because the rest of those who survived are also going to kill each other for what they have.
jr. member
Activity: 41
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It is hardly to be expected that anyone would have the idea that business can be done for survival during wartime. I think the only survival tip is to survive at any cost in any situation. The best way to think is to keep the brain as still as possible. War means destruction, destruction of the human body and mind, destruction of the economy, destruction of infrastructure, destruction of education, shelter, and medical care all basic needs are distorted. All the resources around you are very likely to be destroyed during the war, so to survive the war and develop from here, the only thing to do is to use those resources to save money through cryptocurrencies which will help you survive later.
full member
Activity: 280
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War is an abomination to almost all people of the world. Conflict is almost as much a matter of contempt for all people as before. War or conflict, however, we define it, are roughly the same species that harm people which never gain.
Due to war or conflict, every country has to face a huge military economic loss which is a huge loss for a country. Just as people die through war, every person who is alive has to pass through a narrow period. Because every person who has no relatives has to live with high prices which we can call salt in the wound.
As the number of casualties increases between the parties involved in war, it is a great loss and the greatest loss is the humanitarian catastrophe that causes war. So let us stay away from war and conflict and maintain humanity.
war is wrong and other countries have benefited from it in terms of selling ammunition, For countries that are at war, the first question I always ask is: Why do countries go to war, Why can they settle whatever the issue may be? Most of the time, it is always about the territory, and before they go to war, they are supposed to consider the psychological effect of this action for Christ's sake Children are living in those places but all they care about at that particular time is how to get the other country to bow to there will. During the World War, a lot of people died. and they still did not learn from that. I am disappointed in some countries because, during this war, what some countries did was take sides when what they were supposed to be doing was looking for ways to settle them. and give them the condition that there should be a world jurisdiction so that when you don't listen, they sanction you. The number of lives lost in the whole process is worrisome, war should be permanently stopped among nations. If not, we are not going to end well in all these ways.
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....
The good news is that dedollarisation and economic blocs (BRICS, SCO, ASEAN, etc.) continue strengthening and expanding.

my country is part of the countries that support dedollarization. the leader of my country took quite controversial action, where america threatened to impose sanctions if our country continued to dedollarize. but this is not a problem, since our country is supported by other countries to dedollarize, because for a long time we have used usd in trade with other countries and that is not fair to the stability of our country's economy and currency.
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Russia's intervention in Ukraine and Israel's intervention in Gaza are examples that cannot be avoided and there must be a peaceful solution immediately, that is the best for the people.
It's hard to agree with your assertion that Russia's invasion of Ukraine could not have been avoided. If the United States and European countries had reacted more decisively to Russia's 2014 seizure of Ukraine's Crimea peninsula, as well as parts of the Donetsk and Luhansk regions, the Kremlin would likely be hesitant to launch a large-scale invasion of Ukraine with its eight armies in February 2022.
At that time, the United States and European countries were afraid of angering the aggressor and escalating the military conflict. Now they have to dramatically increase their armies and weapons production, and Europe has to prepare to repel a Russian attack on its territory.

But the situation of the conflict between Hamas and Israel is somewhat different. If Hamas had not attacked Israel on October 7 last year and its militants had not begun to indiscriminately kill Israelis, as well as take them hostage and take them to the Gaza Strip, then Israel would not now be carrying out retaliatory military actions to free the hostages and clear the Gaza Strip from Hamas to avoid a repeat attack in the future.

Quick peaceful resolutions to military conflicts do not always lead to lasting peace. Freezing the conflict in Ukraine now, when Ukraine is actually losing part of its territories, and Russia looks weak against this background, because it has not fully resolved any of its published goals, will not suit either side and will only be used by Russia to accumulate military power and the continuation of aggression against Ukraine in the future.
If Israel does not eliminate Hamas now, then over time the shelling from the Gaza Strip will continue again.
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of course the effects of war will have an effect on the prices of all goods will rise. especially food prices will skyrocket. war conditions agricultural land will be destroyed. food needs imports. imports in war conditions will be difficult to enter. money becomes useless if the conditions of war. the next effect will experience famine conditions. unless there is outside assistance entering the example of Ukraine.
War is clearly detrimental to both sides. All budgets prioritize the purchase of war equipment for either attack or defense. Funds that should have been allocated for food, clothing and public health needs ultimately had to be ignored for war equipment.
The destruction of infrastructure means that it cannot be effective in producing anything that should be intended for living needs or exported to earn foreign exchange. The structure is no longer normal for distribution.

Everything is unfavorable for life in general and individuals with the existence of war because of this reason, there is no other way that stopping war is the main solution to be able to provide a sense of calm and be able to live normally.
Russia's intervention in Ukraine and Israel's intervention in Gaza are examples that cannot be avoided and there must be a peaceful solution immediately, that is the best for the people.
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February 21, 2024, 12:00:01 PM
War is an abomination to almost all people of the world. Conflict is almost as much a matter of contempt for all people as before. War or conflict, however, we define it, are roughly the same species that harm people which never gain.
Due to war or conflict, every country has to face a huge military economic loss which is a huge loss for a country. Just as people die through war, every person who is alive has to pass through a narrow period. Because every person who has no relatives has to live with high prices which we can call salt in the wound.
As the number of casualties increases between the parties involved in war, it is a great loss and the greatest loss is the humanitarian catastrophe that causes war. So let us stay away from war and conflict and maintain humanity.
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February 11, 2024, 04:24:36 AM

Does United States allow Ukraine to attack Russia that way? Like attacking Russian weapon factories, refineries, etc.? No, absolutely not! Since US wants to turn Ukraine to Russia's Afghanistan, this is why they neither gives them any weapon with a range more than 100-300 km range, nor allows them to manufacture one themselves.
No one can prohibit Ukraine from striking Russian territory with its own weapons. Therefore, Ukraine continues to destroy military facilities on Russian territory, and has also begun to destroy dual-use facilities, which are oil refineries and fuel tanks on Russian territory, which contribute to increasing Russia’s military power.

Just since the beginning of 2024, Ukrainian drones have attacked a dozen oil refineries in the Russian Federation. Thus, on January 9, in the Russian city of Orel, drones attacked a fuel and energy complex.

On the night of January 18, Ukrainian drones attacked an oil terminal in St. Petersburg.

On January 19, oil tanks caught fire at an oil depot in the city of Klintsy, Bryansk region.
On January 20, loud explosions were heard again at the same oil depot. The oil depot burned for two days in a row.

On the night of January 21, the Novatek fuel plant was closed due to a Ukrainian drone attack on the sea terminal in Ust-Luga, Leningrad region. This plant processed fuel for the Russian Armed Forces. After the SBU attack, all tankers located at the terminal went far out to sea.

After a fire on January 25, the largest oil refinery in Tuapse, a city in the Krasnodar region and a major port on the Black Sea coast, was paralyzed due to a Ukrainian drone strike. This plant annually processes up to 9 million tons of raw materials and is one of the ten largest in the Russian Federation.

On January 30, Ukrainian drones hit the Kaluganefteprodukt oil depot in the Kaluga region.

On January 31, explosions occurred at an oil refinery in St. Petersburg. The Nevsky Mazut oil refinery was hit by drones.

On the night of February 3, an attack was carried out on the Lukoil oil refinery in the Volgograd region. The drone struck a primary oil refinery plant producing ELOU-AVT-5 fuel.

On the night of February 9, a fire broke out at the Ilsky oil refinery in the Seversky district of the Krasnodar Territory. A primary processing plant with a capacity of 3.6 million tons per year was hit. Without it, Russians will not be able to produce diesel fuel for military needs. The price of such an installation is about $50 million.

In addition, on the night of February 9, explosions occurred at the Afipsky oil refinery, which is also located in the Krasnodar Territory. Both objects are located about 20 km from each other.
https://24tv.ua/ru/ilskij-npz-gorit-posle-vzryvov-rossijane-zajavili-o-bpla_n2490930

I cited only cases of attacks by Ukrainian drones on oil refineries in Russia over the past month and a half. In this regard, only in the first month of 2024, Russian oil companies reduced gasoline exports abroad by 37%. Sales of diesel fuel, the largest export of petroleum products, fell 23%.

Ukraine is also simultaneously attacking Russian factories that produce military products. This list is also impressive even in recent months.
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February 11, 2024, 01:36:02 AM
I am deeply saddened by these wars. I am not taking sides because there are human causalities in both sides
No one wants war because the big effects of war can affect human life in general. War will make things worse because the necessary access could be closed and life would not be much safer in it, so it could affect the economy, health and other sectors.

- do you have any survival tips during war period?
There is almost no way to survive during a war because talking about security is quite problematic, not to mention talking about fulfilling life in the basic needs sector as a basis that needs to be prepared for food needs.

- are there any business that I can do during a period of war so as to sustain my family? Can I still budget, save and earn in Bitcoin?
Saving is not done during war, but you have to do it long before war occurs and vice versa regarding investing in bitcoin. But if your financial structure is a little better, you can still invest in bitcoin as long as internet access and electricity are still available in your country.

- What is the economic impacts on individuals with families and how do I sustain them during war period.
Avoid leaving the house and don't buy ready-to-eat food because it can be expensive, but instead buy basic necessities that can be prepared at home so you can stretch your budget a little. Another way is to interact with the security system that supports the community and ask for a little help with the food they provide so you can save money.
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February 10, 2024, 10:55:32 PM


And some people still have a hard time believing the US congress members statements when they say "We [meaning US] will fight Russians to the last Ukrainian". This is exactly why Ukraine has been losing and will continue to lose as long as they fight for US and not for Ukraine.

And which member of the US Congress declared that the United States would fight the Russians to the last Ukrainian? Can you refer to any media information about this?

No Western officials, of course, have ever said anything like this. The first instance of the use of the formula “war to the last Ukrainian” was found in a column by veteran American politician Ron Paul, published on his own website on March 14, 2022. Paul has not held any public office for almost 10 years.

But such statements are used by Russian propagandists and presented almost as the official position of the United States. The goal is simple - to “replace” the enemy: they say that Russia is not fighting with Ukraine, but with the entire “collective West”. This makes it easier to explain the obvious failures: the failure of the operation to quickly capture Kyiv in February-March, the September counter-offensive of the Ukrainian Armed Forces in the Kharkov region, the surrender of Kherson in November 2022.

A similar statement was also made by retired American diplomat Chas Freeman in his article for the information portal The Gray Zone, who is not a current US official and expressed only his personal opinion.
Freeman was once the US ambassador to Saudi Arabia. But his reputation has long been hopelessly damaged: for example, he said that the Chinese authorities were too lenient with the “extras” of protesters in Tiananmen Square in 1989 (then, according to various estimates, from several hundred to several thousand people died).
https://m.gazeta.ru/army/news/2022/03/28/17485021.shtml
https://m.gazeta.ru/army/news/2022/03/28/17485021.shtml

Only Putin spoke about this from state officials: “Ukraine’s mobilization reserve is not limitless; it seems that Western countries are ready to fight to the last Ukrainian,” Putin briefly noted.
https://news.obozrevatel.com/russia/do-poslednego-ukraintsa-putin-sdelal-tsinichnoe-zayavlenie-o-vojne-obviniv-vo-vsem-zapad.htm
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