Topic: Is the current economic situation really that bad? - page 2. (Read 1008 times)

many of the countries economic situation is not good this is the real scenario almost in every country, but i think my country's economic condition is too bad from other countries because of last week our prime minister resigns after mass protest, so that now a lot of crisis in the country, inflation is high, because central bank printing billions of money.

Yes, the whole world is experiencing a financial crunch and it all started with the government's naive printing of more fiat currency every year while the tension of the conflict between Russia and Ukraine was caused by political benefits.
About the post Pandemic aftermath, my belief is that the pandemic has taught the government a great lesson but they chose to ignore the positive impact the adoption of cryptocurrency will cause

Before the crisis happen the economy of country is already bad, because there are still corrupt politician and then the pandemic and war happen happen the situation is becoming more worst than we expected because the war makes the cost of the fuel so high and it makes the transportations of product harder it cost very high expenses in fuel to transfer product from one place to another and it makes the products high at price, so for me i think the situation is still very bad we are still in the stage of recovering.

For many years I have been thinking that the situation will change, I will live a comfortable life and financial peace will come. But day by day life is getting tougher and tougher. However my income has increased since before but that peace is not coming anymore. Is it because of my increased financial ability that the demand has also increased or the world economy is becoming unstable? This is why your belief matches my reality exactly, financial comfort is no longer available but is gradually moving towards a more serious situation and it will be longer in the future.

In fact, the big problem that occurs due to this difficulty in my country is that many people are in trouble and choose online loans where they are charged with considerable interest, while work is very difficult and not a few are in arrears so that they end up in legal action because they cannot pay, this situation is very sad.

If you want to read the news, although this is old news, it proves that the economy has not improved over the past year. https://www.cnbcindonesia.com/market/20230913135043-17-472106/12-pinjol-dengan-kredit-macet-paling-parah

Economic problems started in the world in recent times mainly after covid-19. But a bigger problem than Covid-19 has emerged since the war in Ukraine with Russia. Added to this is the war between Palestine and Israel. If the war is prolonged, the financial situation cannot be expected to change very easily. Ukraine and Russia have been at war for a long time, disrupting production there. There have been various crises in the world including food, oil shortage due to which inflation has also increased. If this situation continues for a long time, it is difficult to hope that the financial situation will ever improve, but if each country thinks about how they can cover the deficits by spending, this situation can change.

important sectors in the economy help maintain stability, with current prices experiencing a mismatch in prices it is very difficult to adjust, the impact between capital and selling goods is not appropriate, with the many imported goods on the market causing commodity prices to fall and can harm domestic products because the products are less marketable, in this case the need for a balance between demand, supply and supporting factors, because the price and availability of similar goods as a affects the current economic cycle, with the income they generate now of course not balanced with the price and purchasing power on the market today.

What's bad isn't even just the economy itself, I mean that's bad and I agree but that's not the entire point of why we are feeling so down at the moment. I feel like it is the fact that we are not seeing a way out, and the system is designed in a way that's trying to save the big companies, and right now they are having trouble, so they are quickly making people poorer and poorer to save those big companies.

Back in the day that's what they wanted to do too, but they were capable of doing that by taking a little from all of us, and what's left was enough for us, now we are not even making enough to live, and still trying to take from us, which doesn't work.

So everything at this moment looks like it is not going to be better. Like 40 years ago, when things got worse, if you asked people would it recover in 10 years, they had some hope, some of them at least.

Today, if you ask people if we will be better or worse in 10 years, 95%+ will say that it will be worse and that's out problem. Sure, it is bad right now, and we are sad that it's bad right now, but what is sadder is the fact that we know it will be even worse in 10 years, so we are very very scared about it, and doing nothing good at all, we are selling our today, for a worse life tomorrow, which makes no sense.

Yes, that's right, bro, now what we are sad to see is casual daily laborers, farmers and planters, with prices continuing to soar but their selling prices are very low, all materials are imported, making it difficult for middle and lower class people to adapt to the current economic situation. society is really declining, income and expenditure are at a higher rate, so it is very difficult for them to survive, like it or not, they have to look for loans from other people, thankfully there is no interest charged, if they get used to the interest it will make them scream even more about their economy.

If it comes to the issue of fairness or unfairness, there will be many factors to consider and there will be disagreements because those who do not enjoy those benefits will never accept them for any reason . Besides, it's the government's decision and there's nothing anyone can do about it, complaining won't change their decision .

What we are talking about is the impact of rising inflation and rising commodity prices. And as I said: people with stable jobs and high incomes won't worry too much about it . It's not that it doesn't affect them because they also spend more money, but with their income, they will think differently than people with lower incomes . So my solution is to always find ways to increase my income instead of waiting for the government to solve it . That way , I also feel easier to breathe even though prices are increasing very high .

So if that is the goal, it will go back to the response of each person.

It is too favorable to civil servants, this will not be balanced with farmers or laborers in the community, this will have a big effect on the circulation of money in the community which is certain that the social gap will also be very far away if left like that which will result in bad things in the economic hierarchy system.

Of course the farmers will be very difficult with the burden placed on them, especially if the government likes to add imported crops that make farmers depressed with low selling prices while the needs are very high.

Op many countries has been faced with high level of inflation, all you mention are also contributing factors to the world economic crumble, the country that I came from is suffering form hardship not because we dont have the resources but because the government fail to do the needful right from when the country gained independence, although I can also say that covid-19 contributed to my country economic downfall but our leaders has deviated from governance to personal gains which is capable of ruining the entire country well being if care is mot taken.
Harsh economic policies has also been a problem to us, during the inauguration of my country new president last year, the president announced the removal of subsidy which is not bad if things were put in place to curtail anything that may come as a result that decision.from last year till now there has been much hunger in the land because the president failed to put thing right before taking such decision, the youths and civil society organisations has been protesting to make the presidwnt to change his mind but to no avail for now.
Op your observation is right, personally my country economic woes is been caused by wrong economic policies and this is really bitting very hard on the country because companies are living and people are losing their jobs daily because of production cost, inflation is really on the rise at this point technocrats are really needed to see if they can remedy the situation at hand.

As with many problems, low income people have more issues like this because their salaries have not improved. They find it very difficult to move forward. And on the other hand, the high income people don't have anything to do with them because their salaries are very high, they ignore the high or low prices of the goods, and they continue at their pace, On the other hand, it is seen that the lower class people suffer a lot. We have to eliminate these inequalities, and the only way to do so is for the government to look into them.

It seems that the world is facing a financial crunch every year at least twice... and as always, some politicians/banks/states magically solve all the issues and new promises are made, until the next time when they say how we need to drive less because environment, we need to spend less money and to live a humble life.

I am not buying those stories anymore, when some people lose money others are making fortunes. Somehow the big players are staying in the high positions, which is a normal thing since they run the game with their bankrolls. So don't bother with them, watch yourself, and do what you think is best for you.

Yeah, like for example if a nation has 10 million unemployed people, usually they have like 800k vacant job offers, meaning some of those people could be maybe employed if they were good, but 9+ million would have stayed even if all those vacancies were filled.

We do need to figure out a way to put out more jobs in the world, but I do not have any clue how that would happen, so only reasonable approach would be to realize that we need a small UBI for everyone, would help every nation a lot.

Anyone will feel the increase in the price of goods , but what I want to say is that people with high incomes do not feel insecure about those things, unlike people with middle and low incomes.
Like in my country , the government has just passed a bill to increase salaries for civil servants and public employees by up to 30% . That has helped many people feel that it is still not too suffocating compared to the increase in commodity prices these days . But on the other hand, farmers and workers , who have low incomes and do not enjoy the same benefits as state employees are struggling with soaring prices . 

To be honest, the inflation in my country is not smiling at all to people and you know what happened when money is not valuable, too much money in circulation, too much corruption and yet no job employment, there is not good health facilities, there is high cost of living, services and goods are too high and the worst of it is that the minimum wage is too small to buy things or pay basic bills that a normal worker can afford. These are the current difficulties in my country.

Most of the things we are seeing now is global because covid 19 was global sickness but there are some things that are inherent to what has been happening in some countries. If I look at how the westerners complained about hardships in their country, I just smile because that's what some people wish to see in their own country but perhaps Krchoffs law is taking effect.

Everything is just lining up perfectly, after next year we should be getting the bear market and we should have already sold some crypto to fiats to use during the bear market to help us to hold the remaining crypto we have for long term investment. Next year is also going to be the peak of the market (if we're looking at the market history) and the best time to convert some crypto to fiats. The annoying thing about this whole situation is that, the economy isn't getting any better, things are going to become more costly and we won't be able to afford them. The world is due for some recession so we shouldn't be surprised if it happens sooner than expected.


No wealth class is free because everybody is going to feel the impact of the recession. The only difference is that some persons will be able to avoid the recession but they'll be spending more money than they would had and for those that didn't have a replacement, they'll become broke in no time. Nobody should say that they don't care because they have some money. Lets not forget that money gets devalued during this times

I think this will also be felt by people with high incomes, especially those who always budget their money for their own needs, of course it will be felt, some people who have a middle to upper economy always use a monthly budget for their lives for the next month will definitely be felt by them, unless they do not use it to stabilize their finances.

For me, being in the lower class, it is much more pronounced, because basic commodities have gone up, so in this situation it is very difficult to be able to save and so on, even though I have a decent salary, but at the end of the month I can't save like in previous years.

What you said is also very possible if we look at the consequences that have happened to the citizens who have starved to death. So we can imagine that the government of the country really does not care about its own citizens to the point that someone causes such deaths even though their own country is not at war for a territory. I feel very sad when someone dies of starvation like that in a country while other citizens can still eat and feel a better life in their own country.