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High inflation driving everybody insane. The guy who is running out of money to keep up with the expenditure are pushing themselve to gambling their cash on everything possible, stock market, crypto, commodity. The cycle can be seen in years of the past. It’s not a untold story.
Food price is surely soaring. Some items in the online store soaring in price too, can’t you ignore it wouldn’t impact your daily routine, the inflation drag everybody down into the rabbit hole, no one can escape this chaos.

I don't know what country you're in, OP, but where I'm at (the US) inflation hasn't started soaring....yet.  I'm anticipating it's going to start taking off, but I just don't know when.  We've got all of this stimulus money being put in every citizen's hands, and simple supply and demand would dictate that we should be seeing prices rising more than they are. 

And yes, I do think economic history does indeed repeat itself, especially in the stock market (which seems to have a very short memory).  Bubbles will continue to happen, depressions will continue--you name it, it'll come in cycles.  I do hope the US and some other countries have a plan to contain inflation and monetary devaluation due to all the money printing.  We know what the government is doing, but somehow we're never privy to their strategy for the future.  That's what concerns me.

I think you are wrong by saying no one can escape fiat based inflation. If you know the power in bitcoin holding, you will not say that. Also are some commodities like gold and silver. The price of these commodities and some strong cryptocurrencies can decrease, but over long term period, the price will increase. They are just one of the potential ways to avoid fiat inflation because there is one thing about fiat is that it can also increase and decrease, but over long term period, fiat always would have inflated through government manipulations and depreciate. Also, experienced traders are able to manipulate their ways in a way not to lose nor subjected to fiat inflation and depreciation.

I guess by gambling you mean they're riskying too much of their money in stock market, crypto, commodity, etc? 

Well, I think you could stop history from repeating itself by getting people to spend/invest wisely and be more productive. I would invest more in businesses led by talented, trustworthy people who are consistently profitable. They have to be good/safe businesses.

From where I'm at (PH), the situation is extremely bad to the point wherein the government needs to put the cities in strict community quarantines every so often, leaving people with no choice but to stay at home until further notice. The government aid too is also extremely bad, despite the government receiving hundreds of millions of dollars worth in donation, not to mention the loans that the government also took from banks. The economy is bad, prices of necessities are through the roof, and all they can think of as a solution is to put people into quarantines and not think of something that could give some air to the dying economy that we have.

Which reminds me of almost the same economic state that we've had 30 years ago. Sans the pandemic, the administration then was also so bad in handling things that the economy turned from worse to worst. From being one of the most promising countries in the Southeast Asia, we have descended into a bottomless pit of poverty, deception, and fraud from the people who are supposed to make things easy for everyone. Most of the mistakes of that administration is blatantly and obnoxiously being repeated today, causing a domino effect on the economy of the nation and also the well-being of the citizens.

For every bad beat in the economy, politics will always have a role to play. I'm not even surprised anymore that we're experiencing this again.

Inflation beyond 2% can be felt in the economy, however,US had put lots of measure in place to suppress the inflation rate below 1%. although the price of electricity, gas, house rent seemed to rise a little but other basic needs from food to prescription drugs etc were subsidized to suppress below 0.5% inflation in the last 3 months. European countries were able to suppress inflation on the average below 1% in the first 2 months of 2021  

>>https://bitcointalk.org/index.php?topic=5329525.msg56746261#msg56746261
>inflation hasn't started soaring....yet.  I'm anticipating it's going to start taking off, but I just don't know when. 
Inflation is just one of the properties. The history is an event that’s too much to contained itself  into just text writing, we can try to describe it, but I would not possible to replicate fully event with just simple book writing. The very obvious pattern would be getting to know some random guy going crazy over the investing, taking out crazy amount of loan, when the gambling going soar, the gambler couldn’t pay debt and are getting defaulted, the bank which giving loan have to fix this hole in their balance sheet, they would add this bad debt into inflation, by default. The govt. controlled bank has a lot of power to manipulate inflation, they can change inflation with ease at their finger tip. About the history repeat itself, yup it would the gamblers, bank crisis, and inflation clown shows again make history repeat itself, we shall see it coming in the future.

>>https://bitcointalk.org/index.php?topic=5329525.msg56746372#msg56746372
>no one can escape fiat based inflation.
there is one person who can escape  from inflation, it would be the guy who are at the top and have power to control over inflation, highly doubt anybody else can escape the history from repeating itself.

>but over long term period, the price will increase.
In the long term, the history repeat itself by introducing more inflation, this would again push everybody into fighting over inflation, it would be a zero sum cat and mouse games.

>>https://bitcointalk.org/index.php?topic=5329525.msg56746443#msg56746443
>you mean they're riskying too much of their money in stock market
Leveraged investment or gambling, which is very common practices, is the leveraged loan always the main culprit of history repeat itself? It’s a tough question, many expert are trying to argue market can be irrational until you stay solvent, it entail you would get insolvent first, the broad market wouldn’t care and keep on being irrational. That’s right they would get into more and more loan and leverage even more than the rules setup on the paper, you would get off guard getting insolvent first, when this occurred you might be at the loss while the gamblers with a lot of bad loan could come scoot free.

You may say it like that but not all the time that the history did repeat. Where i'm from politicians are the reason why many people have to stay home and some businesses are forced to shutdown at the moment and even the food's price starting to increased due to less people are buying. Even the government tried to help but still the money they received from donations aren't enough to provide a current problem due to some people are still unemployed during at this time.

I am also from the Philippines and we really cannot blame the people on why most of them go out despite the rising cases of people getting infected with the virus. The system of the government failed miserably as they cannot provide families of the means to survive this pandemic. With that in mind, these people do not have the choice but to work. If they do not work, then they won't be able to provide any food for their family.

This pandemic has definitely challenged and proved on how the government of each country operates. You would definitely see the corruption happening blatantly.

>>https://bitcointalk.org/index.php?topic=5329525.msg56746642#msg56746642
>The economy is bad, prices of necessities are through the roof, and all they can think of as a solution is to put people into quarantines
Getting mass quarantine is something unprecedented to anybody, although prices of goods going north, is widely expected.
>the same economic state that we've had 30 years ago.
30 years history is indeed ambitious, the impact would likely be very steep, I wouldn’t imagine anything beyond 5 years.
>Most of the mistakes of that administration is blatantly and obnoxiously being repeated today
This is some of the bad actors that we couldn’t do anything about them, they’re the above the laws and they wouldn’t stop.

>>https://bitcointalk.org/index.php?topic=5329525.msg56746812#msg56746812
>but not all the time that the history did repeat.
There isn’t any evident show that a history existed and getting repeated, they’re mostly wild imagination, however everybody would feel the impact eventually, that’s where we begin to look for the answer.
>the food's price starting to increased due to less people are buying.
Is the price would go north and never going south again? Is there an evident suggest the price might adjust lower in short term wise?

>>https://bitcointalk.org/index.php?topic=5329525.msg56746669#msg56746669
>suppress the inflation rate below 1%. although the price of electricity, gas, house rent seemed to rise a little.
The little inflation might be sending hordes of gamblers goes out of their mind and rambling the entire economy with irrationality.

People call it history repeats itself but I would like to keep this thing in a different way I think human emotions and actions towards the market and money remain the same and repeats themselves. Every cyclical movement that you see in the market is merely because of human psychology and trading psychology about in what way to react when the prices are going up and in what way to react when the price is moving down. Even after the market matures and people become slightly more knowledgeable there will always be a certain set of new entrants who ready to give up everything to the market due to their immaturity. I feel everything from Economic & Fiscal stimulus to Trading actions are based on this assumption that humans always react in a certain way after seeing the economic/ technical indicators around.

Increase in inflation depends to the economy of the country you reside. If your country has a good governance, it will slow down the inflation but it cannot flee from it but the good part is that through slowing it down, you barely feel that there's inflation.

Everybody knows about those countries that has hyper inflation which means that they don't have a good economy but people are still striving to beat it before the inflation overtakes what they've got. That's why people who lack knowledge about inflation won't prepare themselves to beat it.

The bubble pop will happen very soon, it's just a matter of time until it does. Just take all negative economical news from 2020 on and you'll find out the repercussions could be so rough those insane preppers may actually not be as crazy as they sound. We will have to pay for all the economical choices our govs have made in the past year and it's a huge price tag.

History does repeat itself, especially economics. We're on the brink of a really bad collapse, whether we like it or not. And the "Great Reset" they want to bring up will not be as fun as it sounds. Nobody will remove debts for free.

The best strategy right now is to develop your own business and invest, though it may be challenging at times like this. Today's situation is the perfect reflection of business cycles (https://en.wikipedia.org/wiki/Business_cycle). Nothing good can go on forever, but it also works the other way around, so don't panic.
Major breakthroughs, like modern technologies, including crypto bring us prosperity. But at some point, something bad happens, e.g. a catastrophe, endemic, etc. This leads to inflation and all that you've described above.

https://i.imgur.com/ZQFnJYF.jpg

Soon, I believe, we'll enter the depression stage, which some might see as something bad, but I, on the other hand, view it as a perfect opportunity, because the depression is characterized by stocks devaluation and decline in costs of doing business.
Yes, it's tough right now, but it will bring fruits in the future.

Inflation isnt something that you should be shocked on because this had been a typical thing or whats currently happening and it may differ on every country because not all would
really be having the similar situation that do happens because politics is one of the major factor that could really make out these situations even more worst.Here on my country
where prices of essentials are soaring up like hell even if were are on a pandemic situation this event do really make even more worst.People doesnt have work
or have less income and this do happens for this timing or situation? It makes even put up on a hard situation.

We are in a global crisis. I think increasing prices of essential goods are observed across the globe. So this problem is not only happening to 1 or 2 countries, but across the globe. And inflation will always be here, we can't avoid this from happening. What you can do is how to tackle this on your own, as you live each day to survive. Why not lessen your daily expenses by growing your own garden, or selling items that you don't need anymore. Live a modest life. Don't buy unnecessary things. Don't depend on others. Look for alternative sources of income. This is not the end of the world.

Price rise and devaluation of our wages as well as savings has been on an uptick ever since the pandemic. Even before the pandemic this was in full swing but with trillions of dollars out in the wild, the specter of private investment firms and mercenary hedge funds gaining billions in managed funds has come back. This could easily lead to one of those spectacular crashes similar to 2008.

The last time it was sub-prime lending. Will it be over-exposure to over-valued stocks of Pharma companies this time??

I live as an OP in a country where I believe that inflation is the highest in the world, when countries start with high inflation rates, economic phenomena occur, governments begin to make parks to protect themselves from capital flight, just as it begins with regulations with international business and is currently protected by Crypto and Bitcoin regulations.

People begin to protect themselves with investments in gold, real estate (those who can and have the capacity) buy strong FIAT money, such as dollars, euros, if they have physical gold much better, but from the experience that I have because I have lived, it is that It has a lot to do with the politics and ideology of the rulers, if the government changes its economic model it can give good results avoiding loans to countries or the Central Bank, in conclusion the particular way out it has and if you can is, invest in Crypto, in Bitcoin because when devaluations of the local currency occur, the value of Bitcoin increases in local currency because Bitcoin is deflationary in nature, if you can buy gold and make investments in Real Estate better ... .. if you have time to make those movements you will not doubt, ah and above all, if you can take advantage of all the bank credit in local currency, it does not matter that you get into debt with local currency, you can pay quickly due to the same inflation, this is to get you profit from the crisis generated.

>>https://bitcointalk.org/index.php?topic=5329525.msg56747099#msg56747099
>human emotions and actions towards the market and money remain the same and repeats themselves.
That portray the government effort to encourage changing lifestyle has failed royally.

>people become slightly more knowledgeable there will always be a certain set of new entrants
do you entail everybody living in a constant life, there would be no life changing moment and those dreamer should give up to change?

>>https://bitcointalk.org/index.php?topic=5329525.msg56747439#msg56747439
>good governance, it will slow down the inflation but it cannot flee from it but the good part is that through slowing it
the slow down also coupled by everybody slowing down their work pace, food production come to a halt, consumers begin to wary of spending this slow down, manufacturing slow down, every single economic indicator getting slow down. But would you slow down your life?

>>https://bitcointalk.org/index.php?topic=5329525.msg56747657#msg56747657
>And the "Great Reset" they want to bring up will not be as fun as it sounds. Nobody will remove debts for free.
bank don’t really goes broke, they would goes on operating on the shadow until they’re solvent again, they didn’t have to remove any debt.

>>https://bitcointalk.org/index.php?topic=5329525.msg56747919#msg56747919
>so don't panic.
Don’t panic? That’s cringeworthy.

>decline in costs of doing business.
That’s bs. Inflation impact cost too.

>>https://bitcointalk.org/index.php?topic=5329525.msg56748133#msg56748133
>where prices of essentials are soaring up like hell even if were are on a pandemic situation this event do really make even more worst.People doesnt have work
why not gambling to make a living?

>>https://bitcointalk.org/index.php?topic=5329525.msg56748314#msg56748314
>Why not lessen your daily expenses by growing your own garden, or selling items that you don't need anymore. Live a modest life. Don't buy unnecessary things. Don't depend on others. Look for alternative sources of income. This is not the end of the world.
it is some wishful outcome, in the other words, to change your life style, it has to be failed.

>>https://bitcointalk.org/index.php?topic=5329525.msg56749432#msg56749432
>the specter of private investment firms and mercenary hedge funds gaining billions in managed funds has come back. This could easily lead to one of those spectacular crashes similar to 2008.
“It’s different this time! The rigged winner and loser would swap their position!”

We have nothing to do about it because no one expected this pandemic to hit us.

But before pandemic comes, there are already inflation and depression in some countries and this pandemic made it worse.

We are glad that we met bitcoin before so we can somehow fight inflation amidst this pandemic. But overall, history will surely repeat itself for some country. I'm also thinking about the future if there is still a pandemic that might hit us soon.

If this pandemic occur from nothing to something then there's also a possibility that more pandemic will hit us sooner or later.

I think some countries are really on the verge of inflation. I mean just checkout status of India, the GDP has gone down worst and economic status is not as good as previous 3-4 years.
A simple daily food is costing 4x higher than the normal market rate in my city and around economic cities its even higher. India being the country of farmers most of the wagers are based on the farming only.
Earlier this day, I was shopping in the market and saw that simple lemon and onions costs me 4-5x more than the previous week. This is going crazy day by day.

Yes this is effect of pandemic and with the time the pandemic is getting worst. Inflation is surely true. 

It is not enough to do just a hard work because if it was then a lot of farmers in my country that are breaking their backs planting crops and such should have paid off but no, they are either exploited or they don't know how to manage their finances and find new streams of passive income.

Firstly yes, the history repeat by itself in a period of the time and it's not just about the economic history but everything in the world. To understand it better let's say the whole ta systems such as price action is using this theory and people believe the history is  repeating in a period of the time. But in your post you are saying 'gambling their cash in stocks and crypto' which is not right. Since you know what are you trading and what are you buying it's not gambling at all, you would not say such thing if you correctly manage your risk and know the relation between risk and reward deeply.  

Indeed, I wouldn't call it gambling because trading crypto or stock is not just about luck like gambling, sure sometimes it does need luck but most of the time it needs analysis and such to mitigate the risk. It would only be gambling if you trading without any knowledge because you are trading in a volatile market and entering without any experience induce risk. Regarding to inflation, yes it is possible for history to repeat itself, in fact, commodities are now gradually increasing, it is too little to be realized but yes it is about to happen sooner.

Yes, I do believe that history is repeating itself. Humans like to live in patterns and follow our fellow people, herd movements are very common. And also people tend to forget very past. That is probably also why so many scientist spent a lot of time analysing past data. And fundamental investors who use chart analysis to find trading signals are also very profitable.

>>https://bitcointalk.org/index.php?topic=5329525.msg56749537#msg56749537
>People begin to protect themselves with investments in gold, real estate (those who can and have the capacity) buy strong FIAT money, such as dollars, euros,
are you sure people who get into gold real estate or fiat are happy with their decision?

>>https://bitcointalk.org/index.php?topic=5329525.msg56749755#msg56749755
>because no one expected this pandemic to hit us.
no one think pandemics would last indefinitely, and followed by vaccination.


>>https://bitcointalk.org/index.php?topic=5329525.msg56750269#msg56750269
>it is possible to escape this problem if we start working hard to improve our lives
why not gambling to make changes?

>>https://bitcointalk.org/index.php?topic=5329525.msg56750389#msg56750389
>because if it was then a lot of farmers in my country that are breaking their backs planting crops and such should have paid off but no,
not surprising, crops can be destroyed by catastrophe, or vermin, even man made destruction

>>https://bitcointalk.org/index.php?topic=5329525.msg56750966#msg56750966
>Since you know what are you trading and what are you buying it's not gambling at all,
You believe investment is not gambling? That’s totally fine, I do hope everybody would treat investment seriously.

>>https://bitcointalk.org/index.php?topic=5329525.msg56751727#msg56751727
>because trading crypto or stock is not just about luck like gambling,
some people do think it’s investment, to each its own.

>commodities are now gradually increasing,
History repeat itself, commodities would be greatly manipulated, it wouldn’t gradually increasing under massive manipulation.

>>https://bitcointalk.org/index.php?topic=5329525.msg56751802#msg56751802
>herd movements are very common.
Herd are induced by fear, every history is repeated because fear is never ending?

>spent a lot of time analysing past data
Do you mean data mining on a pool of data? They’re useful for predicting weather, natural disaster,  useful for constructing new set of data, for computing, constructing pixels and color, it’s not reliable for economic.

Well that has been the issue in my country and people are blaming the current government for what’s happening in the country, and some who are able to find a way out of the country don’t waste a time in taking their leave to go look for greener pastures.

I believe that issues like this is something that the government can solve, but they always choose to ignore out of greediness and trying to launder money, none of them cares about the countries that they are really, and I believe this would come to an end when the people decides to take power into their hands and deal with the government officials. Food has been costly, and things has been getting worse since the coronavirus started, and everywhere is just messed up, and lots of things have been happening.

>>https://bitcointalk.org/index.php?topic=5329525.msg56753270#msg56753270
>some who are able to find a way out of the country don’t waste a time in taking their leave to go look for greener pastures.
where can you go? Can you be independent? Do you think you can survive the wilderness?

>choose to ignore out of greediness and trying to launder money, none of them cares about the countries that they are really,
The very honest self of any man, they’re all selfish and heartless, the love for money, the love to cheat the system, the love to destroy the other man they don’t like, full of hatred and jealousy the list goes on.

>and I believe this would come to an end when the people decides to take power into their hands and deal with the government officials.
that’s silly, it might be wiser to just leave the country? Fighting the evil with your strength alone?

>Food has been costly, and things has been getting worse since the coronavirus started, and everywhere is just messed up, and lots of things have been happening.
get used to it, the condition in the slaughter house isn’t any better, when the history repeat itself, you have better idea what is about to come next.

All prices will go up. Right now there is lack or all resources. Not just hat prices went up but they simply cant be bought. Companies have to stop productions fro a day because of lack of supply's. This will sooner or latter transplant into prices of end products. People will pay for them. Most countries will have fat inflation next year.

No country can remain comfortable with inflation not even developed countries, but gambling is not an inflation solver, am in a country where we are trying to live with the inflation system, since it's now a natural style for our economy, this is a bad, because it adds to the already Hardship of my  the people from my land. I think politically the politicians has down there game to reviving good economy, and up there fraudulent and embezzling games.

Indeed, history often repeats itself, such as economic crises that repeat themselves and humans are able to get through them. But we do often
forget everything that happened in the past, therefore many people do not realize that a lot of history is repeating itself in human life. I firmly
believe history repeats itself, therefore if something big happens, I believe it has happened before. That's why it is important for humans to study
history and not forget it. So that when it happens again in the future we can be better prepared to face it.

I don’t think there’s a cycle on Inflation because if you look at the past years on every country, you can see that it continues to go up and there’s no way to prevent Inflation from increasing, we might just delay it but in time inflation will still win, just like this example on the year 2001 the Double Mcburger can only cost you around $1.50 in my country, now it can you cost up to $3.5.

We can use our money to invest/trade on stocks, cryptos, bonds and any market that can increase the value of your money but it wont help to stop inflation, we have to deal with this properly because everything will go up as the demand continues to increase.

Economic crisis is inevitable, it will always happen on every country even the most developed country and that’s the time for the inflation to increase because of panicking, manipulations and many things some businesses will survive but most of the small businesses will suffer.

We should also have a plan to survive if there’s a sudden increase on inflation and if the crisis happen, usually stocks, bonds and money market are the option to protect the value of your money now we have cryptocurrency market as one of the best option to beat inflation rate, this is not gambling its more on protecting our own money.

It is not a big secret that history will repeat itself and economic cycles are a fact and there are many factors that determine how the cycle will be at a given point. Right now we are in a pandemic and we are bound to see inflation in a huge way and it will have an affect globally at some stage in the next few years.

The only difference is that the rate of the cycle between each wave is shorter and so is the reason we are experiencing multiple recessions in our life time.

Metals and other investments might be a good idea along with cryptocurrency investment if you think the fiat currency is dragging everyone down.

It is clearly felt all over the world due to pandemic. I envy those who had much more savings and be using them to start again. However, most of us were totally devastated by this and some even lost their loved jobs and not sure if he/she would be hired again.

Maybe if things go to normal again, it's wise to prepare again for the worst just like this.

since people never learn from the past and those who cannot learn from history are doomed to repeat it, i have to say yes the history will repeat itself over and over.

the inflation you are talking about may not be as palpable in some countries but it is there and it was started last year. it is just faster in some countries otherwise it is happening all over the world since there wasn't a single country that didn't go crazy in printing money. in fact some countries such as US printed the most amount of money in history of mankind!

You are actually very correct in your observations of what is going on the world right now. There really is no way anybody can escape from the economic impact of inflation and surge in the prices of goods and services.
I do believe that as much as this is going to each and everyone's daily routine, we'll always find a way to survive. It has happened in the past.
For this time, I won't be surprised when people start having multiple sources of income just to make sure they are above the situation. People will venture into a lot of things in order to make ends meet which is absolutely normal

>>https://bitcointalk.org/index.php?topic=5329525.msg56754269#msg56754269
>Not just hat prices went up but they simply cant be bought
The impact is mainly human behaviour, every human spend mindlessly when they’ve no worry, and they shun spending on bad time.

>>https://bitcointalk.org/index.php?topic=5329525.msg56755062#msg56755062
>but gambling is not an inflation solver,
Without gamblers, the market would have long in constant, every man has to risk their life to make change. The history is full of people who don’t want to take risk and driving market unstable.

>>https://bitcointalk.org/index.php?topic=5329525.msg56755300#msg56755300
>But we do often
forget everything that happened in the past, therefore many people do not realize that a lot of history is repeating itself in human life.
the history is full of people who love to live a constant life, when they have to face harsh reality, they freak out and shake the market

>>https://bitcointalk.org/index.php?topic=5329525.msg56755388#msg56755388
>our money to invest/trade on stocks, cryptos, bonds and any market that can increase the value
that’s a zero sum quick fix, not all of them would work indefinitely through.

>>https://bitcointalk.org/index.php?topic=5329525.msg56755460#msg56755460
>usually stocks, bonds and money market are the option to protect the value of your money now we have cryptocurrency market as one of the best option
whether they’re best option, it doesn’t really make more money until you withdraw into cash, you have just number on the paper, plus it’s also coupled with history, the market is good for now, everybody indulge with the good feeling and good profit, it might not be the same in future.

>>https://bitcointalk.org/index.php?topic=5329525.msg56755577#msg56755577
>the rate of the cycle between each wave is shorter and so is the reason we are experiencing multiple recessions in our life time.
I doubt the history is not time constrained, wave is getting shorter, it is the human behaviour getting very paranoid with the next hardship, and rushing to be the top of the race, it’s a competition to be the first.

>>https://bitcointalk.org/index.php?topic=5329525.msg56759292#msg56759292
>those who had much more savings and be using them to start again. However, most of us were totally devastated
may be try gambling to make a change is the only way out?

>>https://bitcointalk.org/index.php?topic=5329525.msg56759684#msg56759684
>never learn from the past and those who cannot learn from history are doomed to repeat it,
it is baffling human might be getting smarter, not only they know it would repeat, they even come up with trick to make this crisis even more damaging, the next crisis might be more severe because smarter human continue to take full advantage of the next coming history cycle.

>>https://bitcointalk.org/index.php?topic=5329525.msg56761198#msg56761198
>people start having multiple sources of income
why not farm your own produces? Build your own house? Create your own gadget? Instead of just buy them from market?

Its really unfortunate that we've been going through the same situation that also happened in the past. History can really repeat itself if the people in the position who supposed to solve the current problem about inflation are addressing the issue with a working solution.

The poor are the most affected by this problem. You're already poor yet the goods and services are making it harder for everyone to live their everyday lives. Lockdown prohibited people to work but the government financial assistance and relief goods are not enough to sustain everyone's needs. Its really a hard situation for people who cant feed themselves if they dont work.

Investment are being affected and that's the big factors, most of the stocks and businesses are falling

so with the people, without investment to flow, the economy will suffer a lot.



Faith and other forms of belief are the only way for suffering people to entrust their fate, those greeds

are  still existing even this pandemic are really beating every nations economy.

Here in my country the inflation is soaring again and there are a lot of factors why it is happening and one of the main factor is the pandemic. The economy of each country is in the critical condition because almost all of the country are now experiencing a huge economic down in which it may result into inflation and just like what the others says, the government or the politics are the one who must need to do an action in order to prevent and stop this kind of drowning. During the past virus the economic of each country has been down also and I think it is history repeats itself.

I know the feeling of pushing yourself into something risky during times of crisis because I turn to crypto in the time that I am not yet hired. You'll feel that it is the only way, the easiest and the fastest way to earn money. I know I successfully past those days but I also know not everyone goes the same because again "it is risky". On the present time, pandemic causes price hikes as well as many people lose their job and due to tha poor or low income family were becoming more down. Some can't complete their meal three times a day. Hard to accept but true. Yes history repeat itself, cycle of going much more worse.

History repeats itself especially in this recent time where the currency/forex market always bring forth the previous reaction of price with a significant move.

When you are into a business or job which get you payments in accordance to current inflation then you can easily escape from these chaos. Yeah, all jobs are paying with respect to food/rental/bill costs. So, when you are into government job then you never need to worry about inflation as your government itself will take care of your salary and this is the reason in my country government jobs are highly preferred.

Only for the people who are depending on bank interest or anything similar to that may suffer due to inflation. So, we must need an effectively paying business or job for smooth life regardless of inflation rate going on round us.

I think that is not just your nation, obviously I do not know where you are from but the reality is that we have been in an economic downfall and a huge inflation in my nation as well and when I look at the "official" inflation numbers around the world I can see why it is bad for almost every nation, even the official ones are very terrible and most of the time those are lies and the reality could be as much as 2x higher as well.

Long story short we are in a world where inflation is horrible and because of that I believe people are now moving towards bitcoin because they have lost their trust towards anything fiat related and where are they going to go if they do not trust fiat? Either gold or bitcoin, those are the two most known ones in the world right now, even the market cap suggest the same, and that is why bitcoin price surged so much this year.

History repeats itself only do make happen if the current generation have adapted into the mistakes that the past generation committed and have never learned from those mistakes. Although there are some sort of factors why economy of a certain country is going back into where it have used to be in the past, those can still be manageable if both the government and people will do collide to create better solutions to deal with the economic problem you were facing through. But if one side lacks the needed power to make things work, then it will just prolong the burden and will probably turn out things to be repeating the history. But there are really cases where history repeats itself and with that, things must get easier to be solved since you have been through that but that will still vary depending on how the government and the people will act to get through such economic problem.

That's good, you need to put your money in danger in gambling, just put it safe and good and profitable investment, use your money wisely and your life will be better. Life is long time journey that we need to be wisely where we choose to go, choose the best one, which make you and your family happy by simple spending your money wisely.

History repeats itself and all the time. Decades ago, this economic crash had already happened in past.
The price of commodities rises and then government intervenes. With the existence of Bitcoin though, there could be slight differences in what will happen but in all sense, things are the same. Only the Bitcoin holders are going to suffer less for their money aren't affected the most but those who had no idea even the slightest what BTC is will sell their assets to survive.

If you notice 2017 is just the repeation of 2013 and 2018 is just another replica of 2014. There must be minor differences but the way bitcoin market appreciated and went down and rate of growth and percentage of falling down are almost similar. Yes, history repeats but not in exact but in major frame-work. If you are conscious enough then you can easily make good profits out of these history repeation as it is very much similar to time travelling.

I know many people who sold their bitcoin by the middle of December 2017 (by the rates of ~$15k) and got chances to by back below $5k by one year later. They simply made 3x profits in terms of number of bitcoins they are holding. I do see they were making use of the lessons they learned in 2013/2014 and applied the same on 2017/2018.

Is this somehow similar to time travel or not?

I don't know in which country do you live.In some countries,the situation is worse than others.
In my country the inflation is currently under control,even though the food prices are going up a little bit.
I don't think that the people are "gambling; their cash,while investing in stocks,crypto,commodity,etc..
Some people act like gamblers,that's why they eventually lose their money.Most of the investors aren't gamblers.
The economy is in a cycle,so it's quite normal to repeat itself from time to time.The problem is that this pandemic might break the cycle,so we don't know what will happen,after the pandemic ends.

I'm wondering whether it helps Bitcoin help you get rid of inflation? When an unstable economy will lead to increased bitcoin prices or decreases anytime. If you hold gold and silver, are stable? You are right to say that if it's now the price bitcoin, gold, silver decreases, after a while it will increase. But it is important to be happy and persistent and not fearful. Can you share some of the experiences to not lose and overcome inflation? Thank you for your opinion.

It isn't untold not because we did not focus on it. But it was untold because it was common. Impulsive people tend to find shortcuts alternative to keep or win. That’s why they try to risk it when it is not logical anymore.

These people are impulsive and don’t want to suffer. Well in fact all of the success requires a great amount of work, these people just don’t want to give a damn. And as a result, they go down more than they could have if they stayed on their grounds.

I guess we have the power to avoid the same experience if we learn how to be patient and focused. These are the things to make things run consistently. No hacks, no easy ways. This is the sacrifice we had to take in order to win.

I must agree with you since we're just residing in the same country. The chaos here is getting worse not just because of the pandemic situation that we have but because of the bad governance of our leaders. Poor people are struggling because of the continuous lockdown and people can't work because of it yet inflation is getting higher. Rich people are getting richer here since they're taking advantage of the situation and poor people are getting poorer because the government can't provide or even help them survive this pandemic situation. It's now becoming an individual battle.

I think it depends on who governs the country. History might repeat itself whether be it on good term or the opposite depending on who leads. Here in our country, we are experiencing another turmoil because of failed leadership of the current administration, leading to another economic collapse which happened last year. We still haven't fully recovered from the decline last year due to pandemic, but here we are again, going through the same battle without gears.

In fact, this has happened years ago during the term of a president turned into a dictator. Our country hit the rock bottom during that dark era. Politics would absolutely always take part into the series of progress and decline of a country's economy. Hence, leadership would be the basis on whether or not the history recorded before would occur following the same pattern again. 

In addition, another reason aside from the leader of a specific country, some external factors would also play a role in the progress or recession. The market flow in central bank and the investors could play a great part in the movement of the country's economy mas well.

This might not be the situation for every country, as long as the government knows the right thing to do and they work towards making it happen then it’s going to be a better situation for the country. This was the situation with my country where I am living after the coronavirus, although things now seems like it is getting better at this time around.

But, then the price of food was high and when you go to the market you will find it hard to buy things that you need , I hope that things starts getting better every day and not worse. There are lots of people in poverty this time around and a lot of people still lost their jobs, so it’s not easy.

The inflation rate in my country increases annually. Food is likely to double every ten years and poor people cannot afford it. I do not know which country you live but I feel that you are quite pessimistic with your situation. On the other hand, in my country, once the government finally wiped out the pandemic, it seems that people do not even care about the inflation rate. They are happy and rejoice that they can continue their businesses without worrying about the next quarantine.

No matter when the next recession (whatever you want to call) occurs, I believe that each government has enough knowledge and experience to handle it even in the worst scenario. Even if they are not capable to do so, subsidies are available from developed countries, however, with double-edge consequences. After all, poor people and workers suffer the most.

I liked your perspective view of comparing the repeating of history into time travel. I can get the similarities in your way. Wherever repeating of history is happening or not but definitely it is happening in crypto space.

Because bitcoin is always having four years cycle which is consisting of one full year of bull run and next one year for falling down and then the third year for sideways and the fourth the year for recovering to previous ATH. This had happened so far 2 times which may not be the enough evidence that history is repeating in crypto space?

The problem is in us, we let them do whatever they want. No one in the financial sector will ever face jail because of economical decline, inflation, etc but all will pay because of them.
And personally, I think that all of these things, inflation, etc, are more likely psychological factors and not only demand/supply. Btw the rule of this universe is that what goes around - comes around and rise and fall are just couples.

Btw there are countries that don't print money but depend on USD and USD is rising in such countries and local currencies are dying.

Totally true! If before the pandemic in my country we lived with inflation. Now inflation is out of control. When the cases of Covid19 multiply, we notice that prices are higher, especially food and medicines. I wish we could get out of the current crisis to feel a little more calm. Although I have noticed that when we cling to faith in God we come out of suffering faster. I am optimistic that soon we will get out of the virus or at least it will be less deadly is what I think because we will have gained immunity.

History doesn't repeat itself, it's just different people committing the same mistakes our predecessors did in the past. Panic selling is nothing new to us, or to our guys in the past, especially during the great depression and the stock market crash, but then again, you have people out there that know what they were doing who you can rely on fixing the mess these people did for them. There will always be those guys because that's the nature of us humans. To commit mistakes and help other people pick themselves up and recover.

I don't think the impact of inflation is as bad as you say. indeed inflation often occurs, but everyone can manage their living needs by choosing the most needed to come first. and along with the increase in inflation, we can see that the salary or wage is also getting higher

History does not repeat completely, but it rhymes. Each cycle is made up of increases and decreases in price. Every time we see all the assets and materials necessary for our lives increase in value. It's a popular bottom lift trick. For many years, economic planners assumed that the government was generating more money and that it only benefits a group of people in society. The rich are getting richer and the poor are poor than before.
We have seen that economic recessions happen every 10 years and it's easy to predict them. With a little carefulness and care, we will get through that cycle of recession.

In a certain way the cycles or patterns are repeated according to the type of circumstances, one of the ways that I can classify is through Wyckoff's theory, since the Accumulation Stage is named, and the Distribution Stage, in every market it is They produce bullish trend stages and bearish trend stage, the different classifications are that they can be sub-stages such as re-accumulation, redistribution, but in a general sense I think it can be classified that way in economic terms.

It should be noted that the world since 2020 has gone through Fundamental stages that had not been lived radically, Covid-19 has partially stopped the world, and some economic processes of all kinds have been affected, many speak of falls of the global economy, that it is best to shelter the money in Gold, Bitcoin, Real Estate, for now I think that we are experiencing new things, it is very difficult for economic patterns to repeat themselves, they are totally new events.

Maybe my thinking is negative and I think that Covid-19 is also a man intentionally created for self-seeking. Capitalism is known for its manipulation of exploiting people to the extreme. They will do everything to make a profit for themselves.
Covid-19 is a way to force countries' economies to go bankrupt. And it is the fastest way to create the world's opportunity to collect property for a good price. The S&P500's ATH has been achieved quickly in 2020 and it certainly won't have a lower bottom. This may not seem random at all.

Well in my country, inflation is not an issue yet. I mean, it's not big enough, or that my country is being under hyperinflation until we need to worry. Although of course, the economic situation is still unstable, but although the price is getting high, it's still under the control.
I guess it's not that history repeat itself, but we're currently in the pandemic, and it's been very long since the last time the world experienced pandemic, so it's understandable that we're not ready for it, and thus the economy is shaking. We just need time to heal, and i guess overtime it will be a lot better, as long as the vaccination run well, we might be able to end the pandemic soon and become normal again.

When it comes to fiat currencies history always repeats itself, the people change, the era changes but the results are always the same, which is why it should be obvious that the system is specifically designed to steal your wealth, after all it is impossible to think that politicians are so dumb, it is simply impossible this could be the case since they know that the best way to tax their populations is with the inflation tax because otherwise people can escape all the other taxes.

The problem with this is that eventually the velocity of money increases to the point in which no one wants to hold their currencies for long and that is when they begin to pass laws to protect their currencies but this always fails as well.

Yes, it certainly enters a point of very good hypothesis, China for its part was the first country to get out of this crisis, so in the Stock Market they were the first to buy when the pandemic spread in the world, they took advantage of the movements of panic on the part of investors.

China was on the verge of economic collapse, in fact, it made a lot of war on the launch of Facebook's Libra, I think they were afraid of the impact that the stablecoin was identical to Facebook's, although the virus was genetically manipulated by the human willing or accidentally, has currently mutated and developed strains that are deadly, which means that it is still taking lives despite vaccines, this means that at any moment the markets can panic again and it is the Time to buy, Bitcoin is one of the possible markets that may eventually panic, and now more so, which is in new ATHs.

History is like technology, technology is something that can be rebrand everytime with fresh thinking and understanding, using 1992 car product and television made since 1992 as a case study or reference, with the wisdom applied to cars now is not equivalent to the initial wisdom applied now, despite that from initial is the made up creativity but the cars and television's manufactured now is more quality and designed than the previous once, why its in such form is because of legacy and legacy is the beginning of history people narrate today, so history can never die, impacting knowledge from one to another is history. so I rest my case for the little scenario I drop here as my personal opinion.

That's not to mention the skyrocketing real estate prices in my hometown.  During the devaluation from VND 19,… just like inflation, people are put at risk and put pain on high-interest credit loans from banks.  It is bringing everything to a dead end.  So bitcoin's struggle makes a lot of sense.  covid 19 still has variations and it will continue to wreak havoc.  I think this is still going on and imagine the bad thing happening next.

This situation is greatly because of the pending pandemic in most countries. The need of this countries are not just instantly remedied and this is why the market in most countries are expensive. The lack of utilization of the resources present in a country would only result in poor economical status because its being wasted as time passes by. This Pandemic also showed that the lack of proper community within a country can heavily damage the necessary needs of the countrymen specially when it comes to help being needed at different locations. Maybe this is a kind of economical reset for some countries.

As long as greed exists, this kind of cycle will never end. Equality will never be achieved no matter what, there will always be someone who would stay on the top as they make use and abuse those who are below them. History is not repeating itself because what happened before never changed up until now. No desperate man can ever end this kind of system, he will be outnumbered each time. It is still survival of the fittest ever since so if you really want to survive, build yourself as a predator, not a prey. No one will escape this chaos, you can only become capable of getting through with it till the end of your life.

We cannot change the laws of the economy. We can only explore them and find ways to benefit from the economy in the new situation. Finding ways to increase income with a variety of jobs or to be good at speculative wealth transfers for trading income is the best learning we can take.
It is because of the thoughtless conservatism to find new things that have made the previous generation poor. We have the internet, we can use it to get more information and more income.

Yes, history will repeat itself and people will not learn from the mistakes that were made in the past. Why have we seen several bubbles in the past.... Answer : Because people are greedy and they are constantly chasing the latest craze. (It can be property / Stocks / Shares / Shitcoins...)

Inflation will remain a headache, because governments are trying to print themselves out of trouble. They should have pumped that stimulus money into job creation and manufacturing... not into people's pockets.  >:(

I can't be agreeing with this anymore, I feel like there are some people who make trading sounds like they are risking everything they got when they are trading and that is not the case if they are trading knowing what they are doing. Unfortunately they are sort of right on current market because I have seen a lot of people that end up not making any sense with their trading and when they become so many that we actually have a market with some crypto are going up or down like it is crazy without any sense, why? Because it is these people who confuse trading with gambling that end up buying and selling those coins.

I have seen a lot of people who ended up not really making any sense at all with their trades, I have seen many people who buy a coin because others bought it, that is not really a reason, but I have seen those people make a profit as well, so it drives me crazy but unfortunately we are at a level where trading became gambling for some people.

It is always the same story, the details change but the overall picture is the same, once we go the path of fiat currencies there is no escaping a complete collapse of the economic system, the issue is that in the past only a few countries were using such model and the crash could be contained somehow.

But now all currencies around the world are fiat which means that when a collapse happens there will be nowhere to run for as all countries go through the exact same thing and people suffer because of all their wealth is being erased right in front of their eyes.

If people continues to ignore what happened in the past and didn't learn a thing or two about it and how can they prevent the same thing from happening then probably we are going to repeat history itself. Continuous ignorance will be the demise of our species as a human.

Unfortunately yes. There is no rules that stop the past from happening again, that is the problem. Look at companies, they never learned anything from 2008 and as soon as a crisis hits they are gone again and require hundreds of billions of dollars to stay afloat once again, that is not acceptable.

I think there should be a fund, a fund held by government where corporations who would like to get a bail out money in the future should pay towards. If you are a company that needs bail out money, you should have provided money to that fund, if you declined and didn't, then you can't get bail out money neither. Basically a simple insurance thing. You can't just have corporations keep failing once a decade and then you end up being like "please give me money" to government, that is just not cool anymore, they have to figure out a way to not have that anymore or pay a fund like IMF for example.

Everything is not so clear. We can safely cancel inflation, but the whole question is whether this is necessary. The market itself is cyclical and repeatable, so crises and ups are already inherent in its nature. Therefore, central banks can print extra money not just on a whim, causing inflation by their actions, but in order to stimulate the economy and seemingly cancel the crisis. Another question is that it works worse and worse every time and is more and more unpredictable.

History repeats itself by repeating the events of the past and people keep pace with the present. No one wants to give up power is like honey the fly's legs get stuck there so the same thing happened again and again in history the lesson of history is that no one learns from history says power is not eternal no ruler in this world is in power forever people do not want to relinquish power but they have to relinquish it. But the rulers repeatedly forgot that the lesson of history is that people need to know history to know the lessons of the past.

As if that can happen without any consequences and cause, there are underlying causes to it so I wouldn't necessarily say that it will be for the better if the bull run from the past were to happen at the present. It will happen but there is going to be a lot of things that will be different. If people continues with the same thing then probably we will repeat history for the worse.

Selective repeating of history? Then everyone will be going for what are favorable to them by skipping all others.
History will repeat in bitcoin ecosystem once in every four years as bitcoin halving is happening once in four years. So after the halving, we will have strong bull run and that will lead to bubble at same point of time which eventually lead to bear market following that.

So, history will repeat like this for every four years in bitcoin ecosystem regardless of we are all preferring it or not. Hopefully this time bear market may not last for longer as there are considerable adoption of bitcoin is happening everywhere so instead of longer bear markets, we may have sideways to be happening for more months than usual.

It is not even about crypto anymore, it is about all of economy. The economy gets to a ruin once a decade and as long as things are not properly taxed and regulated for the top wealthy people and companies it is going to keep happening again and again.

We are talking about trillions of dollars all around the world goes missing because super wealthy declines to pay it, and they try to find loopholes around paying taxes which comes down to poor and middle class to end up paying because they can't run away from it.

When that economical collapse happens that means bitcoin goes up as well, that is what keeps bitcoin going, regular fiat going down will end up becoming horrible as well. I am not saying we should be focusing on fiat economy, but that just goes hand in hand with crypto, fiat goes down means bitcoin goes up and when fiat is strong that doesn't help crypto.

History repeats itself with different occurences or status, the market might experience bear season at different price range and maybe by these time we already have enough savings that been saved and learned what to do during the season. The market have a cycle of when to buy and sell and ups and down. We just need to be patient and know what to do when these events happen. Never fomo and stick with our plan.

You're right, I've watched the cycle and maybe it didn't happen by accident. That 4 year cycle has sparked the market for bullish and bearish changes, while increased adoption will serve as a shield for us to see bitcoin will continue to exist for a long time. While we never expected a bearish to happen, it is unlikely as bitcoin has been gaining ground on a large scale for at least 6 month so far. We will definitely see history repeat itself the way we want ATH's history to reshape in 2020.

Another crisis is without a doubt looming over the horizon, all of those that thought that with the pandemic being on its way out things were going to improve are deeply mistaken, the issue is how big the next crisis is going to be, is it going to be as bad as the one that we saw during 2007? is it going to be even worse? Or is the next crisis the one that is going to put the current economic system in check? There is no way to know that and we have no option but to wait and see but even if I hope for the best I am preparing for the worst and keeping my bitcoin in the case something terrible happen.

That is, do you expect that after such a rapid growth, we will again face the so-called crypto winter, when the bears will bring down the market with their actions and again reduce all these indicators and we will return to our original positions before the next halving? I also agree that there is a very large correlation between the halving of bitcoin and the behavior of the exchange rate price, but I still think and hope that it is the expansion of the base of owners of bitcoin and other cryptocurrencies that now plays a more significant role than halving and therefore there will not be a strong crash and more stable correction scenarios. Well, then we'll see what happens after the next halving.

people will face new experience in life, and people dont know when it happen. struggle in economy is common problem for many people, some of them can anticipate it, and the other just roll follow the wind. the best thing is prepare for the future, and yes, there are many people survive from chaos because of preparation.
history can repeat it, if people try hard to make it happen.

If we do the same shit and just labeled it differently, I am sure that we will be arriving at the same result as when it first happened, look at the current pandemic as an example, people are stupid enough to create gatherings that will cause the infection to reach more people back, this is what happened back in the era of Spanish flu and look at what we did.

Well at some point I do but sometimes I also doubt it would repeat itself.
There are instance or events that I do believe that would be repeated in the future,
For example people are angry about corrupt government official but surely in the next batch of government official there would still be some corrupt who would be elected.

If we have a little bit of faith in spirituality.  It is something very frightening and the scope of belief will be the way we fight it.  Just searching, Abhigya Anand, this boy named prophetic prodigy somehow predicted the day of the 19 covid pandemic almost accurately.  I was stunned to accidentally glide over it.  It happened and made the world flutter.  It is the one that has driven bitcoin to date.  History is difficult to repeat if we do not take precautions and solutions.  floods, natural disasters and forest fires are repeated every year.  That's the reason, and it was ...

History really repeats itself. In 1720, the Great Plague emerged at Marseille, France killing 1M+ people. After another 100 yrs, Cholera Pandemic happened back on 1820's followed by Spanish Flu on 1920's. These pandemics economically effect the globe just like as we are experiencing and probably much worse.

I have read that this magical boy from India, besides being good at predicting, he is also good at metaphysics and is an expert in solar systems in his own way of explaining it. it was unexpected that most of what he said was true. maybe covid won't come back, but the pandemic will come back again

I do not really think this can be attributed to ignorance anymore, this is by design, the economy has been designed on purpose to go on cycles of boom and bust, after all if you control when those cycles happen this can be more profitable than a system that is stable for decades.

Now this may seem to be too difficult to believe but if people like us understand that fiat currencies do this then why some of the most powerful people around the world are unaware of this? Are we supposed to think they are that dumb? This is disingenuous, they know very well what they are doing and they will keep at it until people wake up to this fact.

Not in the same way but very similar, so my answer is yes. Capitalism is the dominant form of economy in the world and it lives on cycles that repeat themselves again and again. Not in the same way, but predictably similar.

History repeats itself because they are unaware of their own history, some aspects can change but the root of the problem is the same, the most important economic crises around the world have always happened when governments try to cheat their population with subpar currencies, this is nothing really new, the first instance of hyperinflation happened in Greece as the government began to mix copper with their gold to create more coins, does it sound familiar? This is the concept we call inflation and it has been around with us for a long time, now the process is different but the end result is the same as governments keep printing money to try to get out of their problems.

The price of bitcoin continues to fluctuate according to market activity and due to this nature it is possible to see its history repeat itself. ATH 2021 is new history in bitcoin and maybe we really want to repeat that history in the future. If you pay attention to the price of bitcoin after the halving, then you will know that bitcoin will go up to form a new ATH. I think this is history that keeps repeating itself over a four year cycle. So I am assuming that we will see history repeating itself whether it goes up or down. Also the entry of institutional investor into bitcoin is a history to remember. The point is, both economically I think history will repeat itself and an economic crisis will occur whenever countries fail to contain it.

right, the annual cycle might repeat itself, like at this time where previously bitcoin had dropped to $ 3500 until now forming a new ATH, and after this it could happen that the price of bitcoin will experience a correction, before it will form a new ATH again, but nothing will happen. know now what will happen later

I guess wasn't it obvious that everything would go up? We are talking about just one drop and everyone got into panic mode again but that happened literally 3 or 4 times in the past 8 months, that should be example enough to know what's wrong with people.

When we failed to go over 20k people assumed it would crash, it didn't, when it dropped from 30k+ levels to 29k levels people said it will crash, it didn't, people said when it went from 58k to 43k it will crash, it didn't and now it went from 64k to 49k and everyone was like it is end of the bull run and we will see under 20k, well guess what? It didn't, that is why I think it is obvious that we should not care about these people, they are just making stuff up and expecting us to believe what they say is true, fortunately they are quite wrong. Bitcoin is still doing incredibly well and it will continue to do so unless some major bad news comes up.

Markets are not entirely repeatable, but they do have things in common. I think that the law of pumping and pouring in the economy happens in every industry and every economy. So understanding the laws of economics is how we overcome adversity and profit from it.
We had the pound money market crash in the 1980s-1990s, the stock market crash, the real estate crash of 2008, and the oil market crash. the year 2020. In fact, in every major recession, a generation of billionaires is lost and a new generation is born. It is the result of grasping and manipulating economic laws.

Inflation in the economy has always been, is and will be. It plays both a negative and a positive role in the development of each country. For centuries, they talk about inflation, scare it and warn about the rapid collapse of the economy, but everything continues to work and develop. Therefore, nothing significant will happen at this time either. From time to time, problems in the economy of the state aggravate before the crisis, but then there is a renewal and further development. This cycle is indeed repeating itself.

The recession has been predicted since 2018 when it has been more than 10 years since the 2008 recession. The emergence of the Coronavirus has dragged down the world economy according to the scenario that everyone predicted for the 10th cycle. year. I think economic downturns are pretty predictable and we must be prepared so we don't get hit hard if they happen.

     History can repeat itself, yes, may not be entirely but can still do partly. And the sad thing about this is that even if some moments or some similar scenarios have already repeated themselves quite a lot, most of us still cannot figure out what to do or never learn from experience. Quite sad but that's just how it is every time even with all the clues and hints that are present around us we choose to ignore and follow the crowd instead and end up making the same wrong decisions while also taking the same wrong paths. When this will all change, only time can tell.

Economic crisis happens from time to time the government just find ways not to let people go worried about it. It happened back in 1920 and then happen again in the 70s where the fiat was introduced. The USD just becomes USD not backed by gold but only just a promise that it has a value declared by the government. They were hoping they could fix it in the 2008 crisis and now its back hunting them.

Some say that we might just go back to the gold standards this time. Well, the Chinese have more gold this time but will the US allow the Chinese to govern?

At some point this will definitely be the reality of the human race. As population grows, there is bound to be food shortage. Shortage will increase scarcity, expectedly. And scarcity will highten demand and this invariably will kick price up. However, those that will be majorly hit are going to be those with fixed earnings. Their salaries/earnings remain stagnant losing its value as prices of goods and services skyrocket out of their reach. Those in business will nothwithstanding sell according to how they bought, except if they foolishly fail to utilize their business training.

This isn't true. Those with investment acumen, especially those investing in Bitcoin and other cryptos won't be caught in this. A $2,000 invested in Bitcoin today will yield more in the future while the $2,000 not invested will have lost its value. So, it's advisable to put your investment in Bitcoin. It's inflation resistant.

if they cant learn from their past mistake they dont wanna change thier lives but they should not have the guts to complain and blame the person that caused their misery in their life .
history will repeat and we need to watch this out as early as possible and do the apropriate actions if only we want difference.

What I am afraid that people get stuck is that "history WILL repeat itself" is something people think about and that is scary. There is of course a "chance" that history can repeat itself but just because it "may" doesn't mean that it will.

This is why I feel like people should be more careful about what is going to happen. If you think that for example 2017 was high and 2018 was low, so by that logic we had 2020 high and most of 2021 high as well, if it stay low like this will we call 2021 low? I mean for 5 months it was high. So it is not always the same, but obviously what goes up eventually goes down and what goes down eventually goes up, that is not going to change because it is literally the only directions left. So long story short do not consider past as a path, but consider it as a lesson and learn what could happen and not what will happen.