Topic: World economy, what do you think? - page 2. (Read 3087 times)

If you ask my sincere opinion, all these articles and stats are just to blind us. Everywhere in the world, governments are controlling the common people of their respective countries. They control our economy, they control everything. Then these governments are also  believed to be controlled by some higher authorities. In order to get yourself out, you need to take control over your assets and that is possible with bitcoin.

It's really a big factor, although they don't have that much relationship but once they are sharing investment with each other, and signing an agreement that they will help each other then it means that there's  a big investment coming in from the rich country to the poor country, with this, it creates opportunity for those people residing in the poor country, and will have the opportunity to grow their economy.

I don't understand why the United States Dollar is still being used as a trade currency around the world. Although I don't expect Bitcoin to become the global currency for trade anytime soon, the addition for USD is illogical. The American federal debt has increased to all time high (~20 trillion USD) and it has almost surpassed the GDP of the United States. The economy is only surviving due to the relative strength of the USD.

The status of the USD as the reserve currency of the world enables the American government to take out more and more debt. They will lose this advantage once the US Dollar loses its status as the reserve and trade currency. But the problem is that there is no other alternative out there. The other currencies such as GBP, EUR and CNY are even worse than the USD.

Having an international relationship with other countries who have a good economy will be a big impact into the economic growth of both sides because they are sharing the same path on how they will improve their country. If a 2 largest country who have a good and wealthy economy join forces or having a relationship then maybe they become the world's top country in terms of economic growth. Having a internal relationship between a down and successful country will help them to carry the down economy of the both parties, this is how world economy runs.

In order to grow your nation's economy strong and prosperous, diplomacy is a very important part .. we cannot live in isolation alone which will delay the development of the classic economy. It is either North Korea or Cuba after many years of US embargo .... Each country has its own strengths and geography so we have to support each other to develop, the agricultural country will export food and the import of industrial goods and industrial countries is the opposite, even in the world of cryptocurrencies

Nope, capitalism is only about private ownership -> seeking profit.
You might be confused with mercantilism -> colonialism/imperialism.

There are many social and political problems mashed up together in the term "capitalism."


Source + read more: https://fee.org/articles/if-scandinavia-is-socialist-then-so-is-the-us/

So, the opposite side of Laissez-Faire Capitalism is Pure Communism, where the government controls everything. For me, I'd choose capitalism any day.

However, if you are talking about corrupt governments, in which NOT Laissez-Faire, then you have a point.

Your opinion about developed countries that only take resources from poor countries without really advancing poor countries is the practice of capitalism. The funny thing is you know and criticizes the problem of economic inequality between rich and poor countries, but indirectly you might support it.

According to the understanding of capitalism economic growth will be realized when all economic actors focus on capital accumulation. But many people in the world support the system of capitalism, how does capitalism rule the world:
1. A banking institution is a suction machine for consumption leftovers. Those who enjoy the money are capitalists who have fixed returns and collateral so that a large and healthy entrepreneur can use the money
2. Capital markets, capitalists print shares certificates to be sold to the public with the lure of dividends. only large and healthy companies can sell on the stock exchange, capitalists
3. Free markets and free competition, so large companies can acquire small companies. In order to be able to expand prices must compete so that prices can compete in charge of the source of raw materials
4. Controlling state-owned enterprises by proposing a privatization bill for state-owned enterprises
5. Interfering with general elections in a country in order to become a decision-maker

3,4, & 5 need support from banking institutions and capital markets as sponsors. Therefore if you want to help, you can start from yourself not to put your money in a bank, so that you do not directly sponsor capitalist programs.

The world economy is currently in a very precarious position. The trade war between the leading economies of the United States and China will definitely affect cryptocurrencies. Someone will try to circumvent sanctions with the help of digital money, someone will seek refuge in cryptocurrencies for their capital. When there is a global crisis, money does not disappear without a trace, it moves to more reliable financial systems. Perhaps some people will prefer cryptocurrencies to traditional financial instruments.

All countries are in one way or another depending on one another for strong and stable economies. Definitely if there is no buyer of your commodity, how are you going to make money out of it? To end or reduce unemployment, governments shall shift the focus of people towards crypto currencies because there are so many people who would be great at trading and their profits will stable economy overall.

if you realize it when they do trade interactions they will definitely use digital currencies like bitcoin to send money so I'm sure this can have a good impact on the price of bitcoin at the exchange, if the positive side will make the price of bitcoin go up because there will be many buy bitcoin and use it to send to local money.

The biggest threat is the central banks. The Fed wanted to raise the interest rates but Trump didn't let them.

Now they have no other chance but to lower the rates (as they already did 3 times) and do even more QE. (As they lately pumped $60 billion)

This is all going to keep the bubble growing and some of these money will eventually come to btc too.

I wish it happened otherwise though. I wish they raised the rates more instead.  This kind of growing in a low interest environment is a fake one.  It is fake for btc, it is fake for stocks, for RE, fake for everything.

   People will eventually embrace Bitcoin, with that I agree with you Vishnu.Reang. People are tired from manipulations on both
sides. We must agree that both US and China are big manipulators. People don`t wish to bother with that anymore, and they will
join crypto-currencies.
   Lab Rat I agree with you too, money is a political thing. Crypto-currencies are math, and people will trust more in math then
in politics, like we do!

I have a feeling that the ongoing trade war can be beneficial for us. For example, China may push ahead with its efforts to dislodge the United States Dollar as the currency of international trade. They want to replace USD with CNY, but till now they haven't found support from anyone. The main disadvantage with CNY is that it is a very heavily manipulated currency. That gives an opening for Bitcoin, no matter how minuscule that probability is.

crypto currencies and their systems were created to keep up with technology and times and with the existence of crypto currencies will make the economy go forward and develop rapidly along with technology development and I am also sure the world economy will need crypto currencies and economic systems to keep up with the times and technology

Worth economic never have goal to help each country have low quality of natural resources and focus to get their result without want to develop how to increase low economic quality in country growing up, every year always have meeting for discussing with to help poor country but in the reality world economic only get benefit by developed countries to get much natural resource from poor country.

yes, I think international relations can affect the world economy. especially strong state relations. such as international relations between China and America that are not good. this can have an impact on the world economy, because both are strong and developed countries. currency movements of these countries always have an impact on other countries.

with the development of time and technology all can happen and no one can know for sure and can also happen cryptocurrency will be a valid currency if it is able to fix the world economic crisis because crypto currency was created using advances and developments in technology and times and maybe it could happen to improve the economy

Russia is a country where the economy is very heavily dependent on crude oil and natural gas exports. Almost 75% of the government revenue comes from these sectors. And back in 2014, the crude oil prices dropped by 60% and the government revenue from crude oil exports declined by 80%. This had a very bad impact on the Russian economy, resulting in a recession. And this was what caused the economic collapse and currency depreciation in Russia, rather than the international sanctions. The sanctions had only a limited impact, and without the decline in crude prices they would have become teethless.

International never help country faced problem with economic, they only help give borrowing hit higher value and never trying for giving solution how to make country could faced economic crisis be better, I think world economic only take moment how to make some country become drop and take back the country assets.

indeed, to make developed countries in terms of the economy, the government must first improve their system of government, so that there is no misappropriation of the state budget intended for the development of a country. thus the people's trust in the government will arise, so that the people of the government can jointly develop the country