You see, I was in cryptocurrency for more than a year and I never knew there are other economic reasons ( such as fundamental) that drive value of Bitcoins and altcoins until pandemic started in the Asian part of the world.
Covid-19 made me know how the traditional financial institution works, how they are move by economy and inflation including printing of more dollars.
Other education factors include racism, yes US experience one and I really learnt how we can be tolerate each other regardless 0f our differences. The hardship was real with covid-19 especially the third world countries.
Some countries are back to normal but businesses were heavily affected, this why we should all learn to be in peace, if there should be a world war |||, it wouldn't be funny for everyone in this world.
Topic: this pandemic have made me do research on things i never tought before economy - page 2. (Read 497 times)
November 28, 2020, 03:32:06 PM
November 28, 2020, 02:14:30 PM
i think because of the lockdown happens in all country. the production of our daily needs is too slow and its effect will be an increase in the price of goods.
November 28, 2020, 09:49:31 AM
The countries that has affected by the hard hyperinflation isn't caused out of any form of pandemic. This has happened as a result of corrupt politics, and policies that are aimed to make people suffer. This time the entire world has been facing the pandemic, and due to the shut down of industrial sectors there is lack of money flow.
Hyperinflation won't happen with any of the country upon the pandemic effect. Also increasing the tax is not at all a solution. The money into circulation has decreased a lot. There is a need for large volume of funds, because common people doesn't have any fund to use it. Maybe government need to issue loans and other ways of funding to increase the circulation in the market. This is the way to overcome hyperinflation than increase of taxes.
Hyperinflation won't happen with any of the country upon the pandemic effect. Also increasing the tax is not at all a solution. The money into circulation has decreased a lot. There is a need for large volume of funds, because common people doesn't have any fund to use it. Maybe government need to issue loans and other ways of funding to increase the circulation in the market. This is the way to overcome hyperinflation than increase of taxes.
If Some Country banks taking in a large quantity of the foreign currency they also must issue the a lot loans and credit to re balance ammount of Foreign currency with local currency.
For example: United Kingdom*
Most Common : Property investment *
More Foreign currency they take in the more loans and credit they must issue with local currency.
November 28, 2020, 09:48:50 AM
At the current pandemic we are right now putting high tax on people or businesses is not the solution because everyone are struggling with financial as well as business establishments are closing down due to the lockdowns wherein people are in the house most of the time. The solutions for these are putting good and well-planned interactions to deal with the country economy struggles and used some funds as a momentary solutions to deal with crisis. The government should be the first to help the people and not to put burden by putting high taxes on them.
November 28, 2020, 09:42:50 AM
Motivation comes from strange places! What drives you to learn more, to be more active on that field... For me that was crypto world itself! When I discovered crypto, I started understanding economy! It's always about making profit, and doing something with the profit (making more or making fun), zillion things to try, to learn about them... or simply said the world of new possibilities!
Now after many years I am definitely more interested in crypto based economy than in traditional economy, traditional economy is shady to the bonus. The more you learn about it, the more you will see it!
Now after many years I am definitely more interested in crypto based economy than in traditional economy, traditional economy is shady to the bonus. The more you learn about it, the more you will see it!
November 28, 2020, 09:14:44 AM
The countries that has affected by the hard hyperinflation isn't caused out of any form of pandemic. This has happened as a result of corrupt politics, and policies that are aimed to make people suffer. This time the entire world has been facing the pandemic, and due to the shut down of industrial sectors there is lack of money flow.
Hyperinflation won't happen with any of the country upon the pandemic effect. Also increasing the tax is not at all a solution. The money into circulation has decreased a lot. There is a need for large volume of funds, because common people doesn't have any fund to use it. Maybe government need to issue loans and other ways of funding to increase the circulation in the market. This is the way to overcome hyperinflation than increase of taxes.
Hyperinflation won't happen with any of the country upon the pandemic effect. Also increasing the tax is not at all a solution. The money into circulation has decreased a lot. There is a need for large volume of funds, because common people doesn't have any fund to use it. Maybe government need to issue loans and other ways of funding to increase the circulation in the market. This is the way to overcome hyperinflation than increase of taxes.
November 28, 2020, 07:59:25 AM
so yesterday i did some research was reading also some educational things.
i found something interesting: likely if we will open all world now then the currency might be hyperinflated.
So we cant open economics full around the world if we do that the fiat currencies will be like zimbawen dollars in one month.
Sorry but why not give your own opinion on Why would the Currencies be Hyperinflated in opeing the world?from what basis this comes from?i found something interesting: likely if we will open all world now then the currency might be hyperinflated.
So we cant open economics full around the world if we do that the fiat currencies will be like zimbawen dollars in one month.
Quote
The solution: possible solution is highest taxes we ever seen in life.
According to all calulations analysis and mathematics the high taxes are only solution keep fiat currency alive.
i might be wrong but let me know guys.
So if you Put Higher taxes then Businesses will surely start to collapse as they are also affected of the situation?Maybe bring high taxes in some areas in which benificial in this crisis,because like Online businesses that really boomed this pandemic and also some gambling sites that Bagging Money without rightful taxes. According to all calulations analysis and mathematics the high taxes are only solution keep fiat currency alive.
i might be wrong but let me know guys.
November 28, 2020, 06:47:08 AM
so yesterday i did some research was reading also some educational things.
i found something interesting: likely if we will open all world now then the currency might be hyperinflated.
So we cant open economics full around the world if we do that the fiat currencies will be like zimbawen dollars in one month.
The solution: possible solution is highest taxes we ever seen in life.
According to all calulations analysis and mathematics the high taxes are only solution keep fiat currency alive.
i might be wrong but let me know guys.
Why do you think people and companies have started accumulating all these bitcoin? When you choose hard money over fiat currencies you are already protecting yourself from any possible hyperinflation. Bitcoin can't be produced at will and there's a max cap to the supply.i found something interesting: likely if we will open all world now then the currency might be hyperinflated.
So we cant open economics full around the world if we do that the fiat currencies will be like zimbawen dollars in one month.
The solution: possible solution is highest taxes we ever seen in life.
According to all calulations analysis and mathematics the high taxes are only solution keep fiat currency alive.
i might be wrong but let me know guys.
You are right on one thing I guess: after the world will get past covid-19, the hamsters will have to start running like crazy again.
The ones who will have a few coins will have some insurance against the craziness of the government, the others are bound to be slaves to the wage for the rest of their lives.
November 28, 2020, 06:07:18 AM
Many people lost their job during the pandemic that took over many months in the country. Many use the opportunity to learn so many online business that is helping them right now to do well in their businesse and to assist others to grow their online business which many people never aware of in the country until someone collect them to the site.
Many citizens use the opportunity to carry out so many research, to know how many online business are available in the online job, for them to apply and get something doing in the process of the lockdown. Many use the opportunity to join bitcoin platform to know more about digital currency, that many people are using to invest to make a good income.
Many people have temporarily lost their job during the pandemic because companies need to limit their employees that they can't give enough salary for all of their employees. It is why it's a great opportunity for them to start making online business or start selling goods through online because it is very hard to live everyday without enough source of income. Many citizens use the opportunity to carry out so many research, to know how many online business are available in the online job, for them to apply and get something doing in the process of the lockdown. Many use the opportunity to join bitcoin platform to know more about digital currency, that many people are using to invest to make a good income.
November 28, 2020, 05:18:36 AM
snip..
Higher taxes are the only solution, I kind of agree because someone has to cover the damage and it has to come from the taxes but there needs to be encouragement from the government in small countries to help their low level entrepreneurs get back on their feet because as much as you want the taxes to be collected if the government can push small scale industries towards normality it would help their cause by a big margin.
thousands of businesses were impacted by this "PANDEMIC" but there were some businesses that made huge profits during this "PANDEMIC". imposing high taxes is indeed one of the best solutions but equalization should not be done, what must be subject to high taxes is business ventures that are not affected (even profit) during this "PANDEMIC".. Higher taxes are the only solution, I kind of agree because someone has to cover the damage and it has to come from the taxes but there needs to be encouragement from the government in small countries to help their low level entrepreneurs get back on their feet because as much as you want the taxes to be collected if the government can push small scale industries towards normality it would help their cause by a big margin.
November 28, 2020, 04:08:23 AM
Is the solution bill on heavy taxes we are to pay where by things have not been so good, workers hardly get paid out here in Africa as in Nigeria as whole. The crisis in Nigeria is way out of explanation. I keep saying this it's with the help of God intervention that things will come back to normal.
With the God's intervention or maybe with the government starting to do something for their country and people instead of just trying to win the elections and then do nothing. I still believe things can be improved in countries with dire situation if only the government and the citizens are on the same page and towards building their nation.Higher taxes are the only solution, I kind of agree because someone has to cover the damage and it has to come from the taxes but there needs to be encouragement from the government in small countries to help their low level entrepreneurs get back on their feet because as much as you want the taxes to be collected if the government can push small scale industries towards normality it would help their cause by a big margin.
November 28, 2020, 04:04:13 AM
Nor do I believe that high taxes can save the economy of some countries.
In this time of pandemic, conditions in each country are different and difficult because each one of them needs to produce and diversify their economy to prevent businesses from going bankrupt.
With the arrival of a vaccine against Covid19, it is a signal to turn on the engines to promote the rescue of the economy and will require plans that encourage the production of all economic sectors.
In this time of pandemic, conditions in each country are different and difficult because each one of them needs to produce and diversify their economy to prevent businesses from going bankrupt.
With the arrival of a vaccine against Covid19, it is a signal to turn on the engines to promote the rescue of the economy and will require plans that encourage the production of all economic sectors.
November 28, 2020, 03:38:44 AM
if you have a higher taxes then the companies will be compelled to raise the price of their good and services,
higher tax plus higher price of the products and services , what will be left to us ? that sounds that the value of our money will really get smaller and the one that will be affected here again are the small consumers or the poor people that dont have a huge wealth like the rich . the idea that we should not open the economy is a bad idea if the government is implementing strictly the protocol the economy can be open so people can go to work make a living
strict protocol and going to work ? you are refering to covid19 arent you .he talks about taxes and inflation not the virus but virus is still there and opening the whole economy is still a bad idea without clearing things up . November 28, 2020, 02:09:49 AM
Many people lost their job during the pandemic that took over many months in the country. Many use the opportunity to learn so many online business that is helping them right now to do well in their businesse and to assist others to grow their online business which many people never aware of in the country until someone collect them to the site.
Many citizens use the opportunity to carry out so many research, to know how many online business are available in the online job, for them to apply and get something doing in the process of the lockdown. Many use the opportunity to join bitcoin platform to know more about digital currency, that many people are using to invest to make a good income.
Many citizens use the opportunity to carry out so many research, to know how many online business are available in the online job, for them to apply and get something doing in the process of the lockdown. Many use the opportunity to join bitcoin platform to know more about digital currency, that many people are using to invest to make a good income.
November 28, 2020, 01:03:09 AM
With the pandemic, it has had a very big impact on the economic life of the world community and the greatest influence is felt by fiat currencies. I agree with your opinion, where if this problem does not immediately find a solution, then inflation will inevitably occur.
November 28, 2020, 12:26:56 AM
so yesterday i did some research was reading also some educational things.
i found something interesting: likely if we will open all world now then the currency might be hyperinflated.
So we cant open economics full around the world if we do that the fiat currencies will be like zimbawen dollars in one month.
The solution: possible solution is highest taxes we ever seen in life.
According to all calulations analysis and mathematics the high taxes are only solution keep fiat currency alive.
It is also a good way to prevent inflation, but it will not last forever because the amount of money printed on the economy remains the same and so even if the government holds a lot, the price of fiat money will be. has been devalued for a long time. So for me it makes more sense to use fiat money to buy some bitcoins to hold.i found something interesting: likely if we will open all world now then the currency might be hyperinflated.
So we cant open economics full around the world if we do that the fiat currencies will be like zimbawen dollars in one month.
The solution: possible solution is highest taxes we ever seen in life.
According to all calulations analysis and mathematics the high taxes are only solution keep fiat currency alive.
Bitcoin halving took place in June and most of the Bitcoin on Big exchanges like Bitstamp, Kraken, Okex, Huobi global have been withdrawn to their own wallets for storage and hold. This implies the current scarcity of Bitcoin, holding will be a more secure solution at the present time. What do you think about this strategy? I will greatly appreciate your serious opinion.
November 27, 2020, 11:45:06 PM
so yesterday i did some research was reading also some educational things.
i found something interesting: likely if we will open all world now then the currency might be hyperinflated.
So we cant open economics full around the world if we do that the fiat currencies will be like zimbawen dollars in one month.
The solution: possible solution is highest taxes we ever seen in life.
According to all calulations analysis and mathematics the high taxes are only solution keep fiat currency alive.
i might be wrong but let me know guys.
i found something interesting: likely if we will open all world now then the currency might be hyperinflated.
So we cant open economics full around the world if we do that the fiat currencies will be like zimbawen dollars in one month.
The solution: possible solution is highest taxes we ever seen in life.
According to all calulations analysis and mathematics the high taxes are only solution keep fiat currency alive.
i might be wrong but let me know guys.
I wonder where did you find that analysis, if you have a higher taxes then the companies will be compelled to raise the price of their good and services, and the idea that we should not open the economy is a bad idea if the government is implementing strictly the protocol the economy can be open so people can go to work make a living and not rely in the government subsidy, it's common sense not mathematical computation.
November 27, 2020, 11:36:19 PM
Many countries around the world have opened lockdowns to improve their economies many people did not comply with everything during the lockdown so how can they comply with the hygiene rules after lifting the lockdown. It is not possible to intervene in all cases even if the government gives instructions that is why it is not possible to control the epidemic which is pushing the country's economy further down. Many people will not be able to pay taxes if taxes are levied on the people vaccines are the only right thing to do in economics and epidemic control.
November 27, 2020, 08:04:39 PM
My country is not in the second wave of lock down, the first lock down had thrust a spear into our economy heart so deep we are trying to recover, another pandemic lock down would be fatal for my country.
I don't know the solution to the economical problem caused by the pandemic, am still learning economy at a personal interest, but a raise tax that should be very unfair at this pandemic time, people are in lockdown and income would be affect by the lockdown a raise in it would no be possible.
I think lock down should not always be the solution for many country, but try pandemic management.
In my country not all obeyed the lock down rules. You can't manage those individuals that refuse to follow the laws. And there are too many like that.I don't know the solution to the economical problem caused by the pandemic, am still learning economy at a personal interest, but a raise tax that should be very unfair at this pandemic time, people are in lockdown and income would be affect by the lockdown a raise in it would no be possible.
I think lock down should not always be the solution for many country, but try pandemic management.
November 27, 2020, 07:48:27 PM
The solution: possible solution is highest taxes we ever seen in life.
To create solutions. We must first understand problems. How did we reach a point where desperation tax hike proposals became an option.
Many want to be a leader with ultimate answers on how to fix fiat from God. Few learn enough to know the problems and history which led to our current sad state of affairs.
The best method to fix fiat (and all other issues we face) is for us to do a better job understanding problems. Rather than blindly repeating talking points from the media. Better understanding problems is the only way to know if proposed options on the table are good or bad.
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