Topic: Maybe you dont like current financial system but its the way how it is (Read 269 times)

Which is why banks keep offering credit cards to everyone, even those which did not asked for one, during the last year alone I have been offered at least 4 different credit cards when I have never had a single credit card during my whole life.

I have some debit cards as it is almost unavoidable to have one or two due to the age in which we live, but other than that I prefer to interact with the banking world as little as possible and even then they try to rope me in, and while I will obviously not fall for it there are many people that do and ruin their lives in the process.

Public has no option to financial solution - the only solution is to find an escape.
The systems are designed to support the system - there are less benefits for the general public. So we can play safe and decide not to be trapped in scams.

Unfortunately, no matter how much we discuss and brainstorm, things won't change. Life will go on as it has been for the past years and nothing would change unless the leaders we pick have the vision we wish them to have.

Most people have the tendency to avoid and evade problems rather than face them and try to find ways to overcome the problems. For example, if inflation occurs there would be a very small section who actually cares about how it can be avoided while the majority will be more than happy getting some free money from the government and find ways to earn more money.

This is the problem or shall I say a disadvantage of having a credit card because Banks know that most people would be so greedy to overspent on something because they think they could pay this up but you never know the struggle until you count on how many months you have to pay your due. Most people would fuck up if they keep spending on useless stuff and they really need to stop doing that or else it becomes a habit, a dangerous habit.

I have that very bad experience on credit cards which i luckily able to survive on paying those big debts because of that impulsive spending since you do know that you have something in your pocket which
you could really able to pay up everything as you do like on point and if you do continue to have that kind of behavior then you would really be finding yourself to be fucked up later on
when the time comes that you would need to pay the interest of what you had consumed or do make use of.You would really be having big problems but if not then
you could really make use of it on the right or proper way and doesnt impose any problems.

And that is a healthy thing to do, I have known at least one person that was doing fine with their finances and then when they got a credit card things got out of control and they got huge amounts of debt and nothing to show for it.

Now it is true they are responsible for being unable to control their spending habits, but at the same time I cannot help but wonder how their life would be if they never made the mistake of accepting a credit card and begin to use it.

Many people do not care about the financial system, live life like flowing water and will certainly find many problems if there is inflation or the main source of income, this makes us have to care about the financial system so that it can make our lives better.

I think the knowledge of the current financial situation does put a pressure on people who are currently investing in the market since most of the times the chances of them interrelating to the cryptocurrencies and following the feds does create a clash when you think about your investments since no one actually wants to miss the chance or end up investing in something that might not have that much progress, the current system is definitely alright if you live in a country like the US but in most developing countries you might have a probelm since the government is not liberal therefore I do believe that you statement does have it's geopolitical constraints definitely.

we have to work hard regardless of time so that financial problems can be resolved little by little. there is no need to follow someone else's financial system to deal with our financial problems because the flow of our lives is certainly different. so don't be the best in dealing with financial problems, you have to see from our own side and work hard until the problem can be resolved properly.

This is matter of ideas to get away of any financial situation or financial system as you directed. We complained alot for the system we choose and found our selves, but the way to get out from it, is some thing within our hands and and is subject to us, if we fail to sort it out it will remain and if we sort it out is for our detriment,  so when you compute our self and make calculations of way forward not will make us not get our of problem of finance, from theory every body is meant to solve it problem alone from it plans and hard working

War will be waged by the united states. It will greatly increase the federal deficit. Which will significantly raise taxes to fund the war. The US economy will suffer as a result.

America being the largest consumer market in the world and largest buyer of chinese made goods. An economic downturn in the US will hit china's economy hard as there are no alternative markets for china to turn to in the event of severe economic crisis in their largest market.

China's economy is high debt. Russia's economy is the opposite: low debt. Russia is in much better shape economically to survive a global economic crisis, than china is.

The end result could be the united states and china being crippled by high deficit and debt, while russia remains solvent and emerges as the number #1 power in the world.

I'm not certain if that is a logical solution or scenario. But I think that is how things are looking atm.

The world is facing a very tough economic challenge, where the economic recovery period from the Covid-19 first which started to have an impact at this time, printing too much money so that it has become like this, the current situation is that the rich are getting richer and the poor are getting neglected.

Unfortunately that is by design and not because of a mishap. The world has an economic system that suggests the best thing to do would be going into debt to survive, they keep the world in a place where population barely has enough to survive or doesn't even have that.

If majority of people have barely enough to survive, and make a small amount of debt each month, then they will keep on working and requiring more money, and that will allow the elite to keep on making profits because they have workers who are forced into labour via debt. We do not have slavery anymore, so they can't own you directly, but they could let you have big debts, so they could semi-own you by making you work just under required money so you keep going back to them.

The world is in a constant "debt crisis" ..... there are no significant event that will pull us out of that. It is like cooking a crab ....you gradually increase the temperature of the water ....and before you know it, you are cooked. (RIP) 

The small events (Covid / Ukraine War....) are smoke and mirror events to find excuses to "reboot" a dead system. Most government manipulate the interest rates and inflation to gradually increase the temperature of the water. 

I agree with you, mate. OP's logic is traditional and is enclosed with the idea that what worked before might actually still work in the present and in the future. When in fact, it won't be always the case for every subject matter. The systems, once in a while should have changes and improvement dedicated for the greater good of the people and the community.

If there is something we could enhance about the current system, we should do it and we should let them execute it.  After all, in every system, there are flaws which should be addressed and solved. There were numerous times  that the financial system failed, and instead of just being complacent about it, we should carefully scrutinize and take action so that we can have a better financial system that we deserve.

That's wrong. If war broke out then it's gonna be war and then it does not matter where the data centers are. No one can protect it. No one can protect the white House neither Google HQ nor Chocolate factory in suburbs. War is war man, if it's WWIII be my guest in the nuke protected bunker.

All these financial centers, money printing centers and much more will be crushed with one bomb if they decided to do so.

I am just trying to make valid point because I am not able to agree the fact that they will be protected.

We live in the world where we do not like most of the things.
But there is nothing we can do. We only try to avoid the unpleasant things. For example - my dad was not a finance person neither AM I - so he advised not to get a credit card because you don't understand their hidden charges none of my siblings have credit card.

The issue is that politicians are a bunch of cowards that do not want to rock the boat, if they dared to change the economic system then a great deal of suffering will follow and they do not want to accept the responsibility of doing something like that.

So they prefer to keep the status quo and just kick the can into the future and let someone else deal with the disaster that is coming, however this only makes the future crisis and the collapse of the current system even worse, so with this in mind we need to prepare for it and investing in bitcoin seems like a good choice to me.

Living in a country with rules that must be fully controlled, we will inevitably follow them. Although sometimes opposed because it is not in accordance with what we have. The government will remain in control and will not let finances go unreported.

When the pandemic is so chaotic and only the government restricts us from being able to move freely. The increase in interest rates due to financial swelling in the banking sector has become the theme of economic recovery.

People will always rely on the government in most cases. It’s just like what happened during the coronavirus spread, a lot of people were relying on the government. The situation was a difficult one, and people didn’t have a means to be able to provide for themselves, a lot of people lost their jobs due to the pandemic and those who had businesses had to close down for some time due to the declared lockdown, so it was really difficult for most people to Quote. Such a situation was hard for the mid class, and it would be worse for the lower class/poor.

The value of money is not its amount but what it could buy. The world is currently facing a acute resource shortage because of war and disrupted supplied chains. But the real problem is deeper, we are entering into a stage of chronic resource shortages, 20th century consumed everything and 21st century will be payback time. With polluted seas, land and skies, we will see lower agricultural productivity and more crop failure.

So we will witness that because of resource shortages there will be hyper inflations and money wont buy us what we need. So ther is a need to invest more in innovation and technology. Only science can save us not money

WE don't like so many things yet we survive with them. There is no choice.
The revolution does not comes in a day - it takes decades. And we all live with the bogus stuff and helpless have nothing to do at all.

Maybe the world may have to live with the economic downtime that is seen now as the Op made suggestively. The world is facing plenty of economic challenges that has continued a long time ago and this may continue when you are making analysis of incidents that has given concern to the countries. Recently, not quite long some region of the world struggled with economic recession and it was time for covid-19 pandemic. These led to unplanned printing of money that some where not accounted for in the plan to solve the financial problem of the countries hit by covid-19. After now the world may see another global crises that can change the financial plans and this keep affecting the economy.

Guys pay attention the monkey pox cpuld be the new crisis ....and why we need crisis ? To print money.

The fed and all the others....central bankers can say ...yes we did hiked the rates we did made the inflation going down...but inflation is velocitity of speeed of moving money....thats the anothet story...long story short solution is stimulus fed has no obligation to keep rates up they can if they want to say thats it felllas...we can do stimulus now again.

Monkeybox definately will take away all the hopes for economic crash it will boost the 10x economy.

Sure cme quetos of chigaco...shows bearish but its bluff economy is big poker game if you see the cards youll know the next move.

2022-2023 is here to get super duper rich if u not scared u r open minded and not with old mindset and unserstood suplly and demand then u will be wealthy.

life is not as expected by everyone with a financial system that is not clear plus economic conditions that are in crisis. whether to even think about running away leaving it, I think that's very wrong. we need to face it even though it is bitter because many people have found solutions in their bad financial system so they are safe.

I understand your reasoning and you are right that it can be too much for some people to fully understand the problems we face on our current financial system. It worked for the last 60 years, so why shouldn't it work for another 60 years? It's much easier to accept the current situation and not try to change it. Unfortunately the reasoning is wrong. Just because something worked in the past is no guarantee that it will work forever. We can already see today that that our system is failing, we haven't reached the optimal system that makes everybody happy. Relying on large amounts of debt to drive growth only means that problems are transferred into the future. Even if it won't blow up in our lifetime, our children and grand children will feel the fallout. In my opinion we should pressure the politicians more to change our monetary and financial system.

I think there's some nuance to money printing and a crisis. It matters who is printing the money, and how much. If it's a poor country whose fiat is not in demand internationally, it can easily backfire and lead to hyperinflation. If it's the US, whose fiat is in very high demand and trusted, they can print a trillion dollars and face minor repercussions but won't jump into the hyperinflation mode.
Also, while when inflation rises, the stock market often rises as well, if we're talking about an economic crisis, the market crushes.
And the war is NOT a solution to well-being and financial sustainability. Surely neither you nor your loved ones ever faced an actual war if you are saying that. A war crushes the economy, makes tons of people lose their jobs, many end up in poverty, and then there's also the risk of dying from shelling, war crimes, starvation or lack of medical care.
Yes, the current system isn't good, and it's often very unfair. But an actual war won't fix it, it would only make things worse.

This time, the crisis is complex. We are not witnessing problems resulting from financial mismanagement, as happened in 2008 or even 2001. Rather, there are several complex problems that may not end with war.

Therefore, the current conditions are exceptional. Therefore, I think that the economic shocks, even if they do occur, will not be long, because we have learned from our previous lessons, just as the world now expects a crisis to occur, and therefore it will be able to address it quickly.


All the problems lie with the middle class and the poor. Is it ready to face the crisis, or will it depend on the government?

Yes many governments especially the fed messed everything up. But it’s one of those situations where due to covid they had to close everything and had to send people stimulus.

They sent people like what, $600 a few times. Maybe $2000-3000 in total and what was the result. Everything pretty much since then went up 20%. Let’s say you spend $10000 on Food and Gas, with inflation you are spending $2000 which is what you were given. You are not better off, nobody is. Except maybe the rich.

Each time you print money u need next time bigger crisis.
So get ready for bigger crisis each but big crisis=also bigger money = also bigger asset prices moons and bigger profits for assets holders.
The current financial system its addicted to crisis.we can not change that and we can not start use the real assets hard assets money it will means feodalism = no surplus extra capital and that will create society against feodals...it was kings and queens times castles ...empires and that did not worked thats why they changed system into infinity wealth creation of non existent credit liability.
2008 we had just real estate and mortgage bubble pop out everybody was talking wow it was terrible crisis.
2020 covid 19 and massive stimulus needed.
Who knows whats next ....the war is most logical solution to keep our well beeing and financial system sustaineble.
One thing us sure to print more money u neddd bigger bigger and bigger crisis the next stage after war the 50% of the world need to go to complete chaos ...we are talking about horror and food crisis is good becouse it will can help to create so much chaos and crisis....and even the 50% earth will be in the dark stage...we ask whats next ?? Probably alien invasion cities burn fire everywhere.

But make no mistake, those places where the money is printed and data centers wich run the stock markets and futures options and all kind of forex those locations are always protected in the world becouse financial system its most important so the elite making sure war never reach those places and electricty and emergncy back off system is always on.

But we need each time bigger bigger and bigger crisis becouse current financial system is addicted to crisis u like it or not u got 2 options to complain about it or take advanced...of this and accure wealth and enjoy  the life of the super wealth as much you can becouse the world will be addicted to the crisis.

Its great gatsby on steroids but this time we will have 1-2 years circles max of 2 years of good and next 2 years of bad the goal is to print massive ammount of money in one year massive ammount of printing money= simple way to response to the crisis. So 2020 crisis 2021 printing massive money and 2022 preparing to new crisis crisis needed to print more money 2023 crisis and 2024 will be big prosperity becouse again massive printing money will be as the response to the crisis.

We choosed this way and its addiction and society is too soft for full instant hard rehabilation....better to be just addicted