Topic: U prepared for great depresion or u want to be surprised? - page 3. (Read 580 times)

Many social media influencers are being smug and cocky about a crash. They post pictures of themselves with a gun and say they're "fully prepared". As if they plan to use gun ammunition as fuel or food. It is a strange world we live in, with strange people.

I have prepared for a crash for many years, and I'm not well prepared. If the doom and gloom doesn't hit after a period of years. It becomes normalized to assume it will never happen. The confidence and smugness many have over the next recession must be fueled by a firm belief that it will never occur.

Most buy a gun and focus primarily on home defense. Or grow their own food to focus on self sustainability. A big crash could extend to transportation, communication and energy as well as the basic fundamentals. I don't think there's anyone who is fully prepared for that.

earlies the COVID has brought the world on halt and then Russian war.
and now the after affects of Covid and War that is inflation war. But nothing is going to be easy anytime sooner.

Maybe it's coming, maybe it's not.
It would be fair to say there's a 50% chance. If Feds are able to stabilize inflation and control demand then we might land safely.
Macro-economics is more uncertain, unpredictable, and indecipherable than quantum physics. An economist will keep on crunching numbers and analyzing, but he can never be 100% certain  

But yea, if the crash does come it will be the worst one yet.

At this point in time the question is how big the next recession or depression is going to be? We know that is coming and we also know that it is inevitable, but are the politicians currently on the top will be skilled enough to avoid a complete collapse of the economy? That is what we don't really know, personally this is something that I will not like to see because even if the collapse of the fiat system will be something good for the long term health of the economy the amount of suffering this will bring is so enormous that no matter how prepared we may think we are, we are also going to have problems under that scenario

I can't get surprise for the next recession as I could still remember what happened in 2008 very well. The war in Ukraine has create a lot of problems already for the market and the risk assets are mostly hit. I will say this meltdown is going to last as far as the war in Ukraine remains with us.

Surprise is for those haven't experienced recession and might get depressed because it might seem new to them. But those who are already used to how the economy has been operating in years past by now are warming up for the worst. Prices as well as the economy has never been in a stable state it has always been in a fluctuating state since inception.

Recession discussion is already in public but you can't do anything about it, if an individual is receiving less of income, they will be badly hit because recession comes as inflation increases. The remedy to go for is diversification of income but you can't also do that if you are not able to save up and gather finance. As recession gets closer with inflation, it eats up into the finance you have and savings becomes hard but we need to keep trying harder and try to reduce expenses by buying the necessary things and leave out those not necessary.

Whether a person can get prepared depends not only on expecting a recession, but also on one's financial stability and ability to invest, save up or do anything else that is not related to paying for basic life needs. And the worst thing is that those who can't prepare because they can only afford to cover the basics already are always hit the hardest.
We don't know how bad the recession will be and when exactly it will come. The situation can also very from country to country, from fiat currency to fiat currency. And cryptos aren't a safe haven, as they can go up, but might also go down along with the global economy.

Oil will go down

Yea dude no crap depressions, recessions, and other economic turbulence doesn't only affect cryptocurrencies. Tell us something else we don't know.

Even if the recession is coming, I hope I can be ready for that. No matter how hard, we need to keep surviving using everything we have so we can pass the bad situation that happens in our country. I am sure all people will keep trying to do the best they can because we know that the recession will mot besides us forever. There will be a moment for us to the recession will end and no matter how long the recession will happen, we can make sure that we are ready for that.

Not just crypto but all others will follow

You're sounding like you're the first to think that a recession/depression is coming. Literally almost everyone in crypto or investing in general communities have been talking about this for months now. Calling for a collapse is actually the common opinion now.

U ready or u surprise?
A lot deflation a lot lay off-s and oil fuel gold prices falling
Eur and dollar about skyrocket against other currencies.
A llot rich investors take off money to put in bank becouse rates going up its good for savers.
The thing is u not told that the up coming huge deflation and companies bancrupties and lay offs and crashes of 80% is normal process u are told some reasons like supply chain....food shortages or war.
The thing is its all normal process this process will take inflation away and balance out wo r ld again.

Same like 1929 everbody was surprised...but why surprised?? If central banks shrink the money supply its all normal process.

The moment they will shrink the moment domino effect start.

Get out from the risky assets and currencies most definately assets or currencies with limited liquty options the news been selling to crowd lias i dont tell you as i dont give financial advice wich one but one counry currency will fall against usd and eur hard most people bought the top now and it will fall sharply.

And all that things it can be avoided and so only if people are intetested to learn how the things are working.

There is so many fake wrong naratives out there that its funny how many people fall for it.

But one thing is sure big crash and economic dowturn coming and thats normal process you had all the 10 years time to prepare when the banks printed inflation up and this fake economic show was holding up dont complain now you had all that nice time

Gona be interesting process to watch specially real estate collapse wich will surprise many of you and thats funny