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Any Crisis or economic downturns its impoosible because we are now days  use to with good life
My day start with morning fresh cofee from the beans only Quality coffe and then i'll go out eating out Im use to with buying only cheapest brands Are Armani or boss because now days those Are essential products to have.
So my point here IS people Will go out of mind becouse we Are use it with good food travel around world and relax.
We Are use with Nice life ...we eat what we want and always full stomack and thre is no question about If you want to eat good food in nowdays you get it 24/7 and it's normal to drive new nice Luxury cars.
The living standards Are good as normal and we don't eat bad food always must have fresh food.
Always must have brand new clothes and always need to get services for my money.
So it's impossible to have any crisis people not use to with any Crisis as Luxury life is our new normal life ;)

I don't know whether you are serious with what you are writing on the OP, but I think there are less than 10% of people who actually living those kind of life you are describing, the rest are just living a normal middle-class life. And moreover, the people who are right now enjoying luxurious life won't be affected as much as the middle and lower class if an economic crisis actually happen.

Current life is definitely far better, but most of people still can't afford to buy luxury car, regularly buying branded clothes or owning a house. But at least they can survive and have a healthy life.

Maybe it's really looks impossible we will have a crisis like 1930, but don't forget now we're need to compete against robot or AI that could take over some jobs. In the past, most of people suffered from economy crisis, now it seems we will suffer mental health crisis due to high pressure job.

I live in the west so Luxury is normal thing for me.
Sure everything comes with the price but world is full lets sacrafice some places the west can send their inflation into other countries or many other ways to keep wealth.
People in the west dont really care what's tje life anywhere becouse some places are far from us.
But what we want is to have good life on west countries always for Our kids and for us

I like to have my pizza at my Door whenever i want 24/7

When it comes to the crisis in each country that is facing it, I think that the rich, or billionaires, are not affected much by such things compared to people who are still in the lower middle class. They live a luxurious life and have not experienced the hardships of life.

But no matter how hard or rich each person's life is, we should be happy and thankful for every day that God gives us, because there is nothing happier than a person who knows how to appreciate every waking day of their life, whether they are poor or have no money.

Am not saying you're wrong to be thankful for everyday because our current position might be the dream of other people we don't know.

But I imagine I were a poor or having no money, I don't think I can be thankful because I will not able to buy food, I can't study due to limitation, I don't have capital to start a business, and anything that I can't except I need to work very hard to get minimum amount of money.

Most of the time, poor people can't escape from poor since it's a structural poverty.

OP, you might find a local board more suitable for you to write in, because your English is too incoherent for you to continue posting in the main English sections.  Rarely do I say that these days, but in your case I think it's advice you need to hear.

I don't know what you're trying to say, and I'm pretty sure you don't have a good grasp of how bad it was back in the 1930s during the Great Depression (nor do I for that matter, but I'm also guessing you're younger than I am).  This, for instance, is just a bloated load of nonsense:


Consider what your native tongue is and see if there's a section dedicated to that language--and then go there at least until you learn how to write in English such that you can make yourself understood.  K?

What are you talking about.....! you talk about the monetary crisis that was felt and experienced throughout the world from 1929 to 1939, it will not happen again, you think that we are already living in luxury, on the internet, electricity, tall buildings and so on, have you really seen and understood what is happening right now around the world, you know drought is already haunting the world right now.

You know what caused the monetary crisis and the decline in the world economy at that time, which caused the paralysis of all economic sectors throughout the world and had a negative impact on society throughout the world, Don't say it can't happen, you have to look at the current world conditions.

The crisis that occurred in the 1930s could happen in the future, if there are massive layoffs throughout the world carried out by companies due to debt, soaring prices of goods, running out of raw materials, banks are jammed, the agricultural sector is destroyed due to drought and water supply to hydropower plants is hampered due to drought, remember if debt occurs in society as a whole where the economic community is struggling like it is today, Debts are piling up for society, wait for something like what happened in the 30s to happen again.

The luxury, internet, technology and so on that you see today are not a bulwark against economic paralysis and a monetary crisis in the future.

While the global community has learned lot of lessons from previous economic crisis including the great depression of 1930. As a result various institution including FED and many others, have been established to proactively implementing measures aimed at averting future economic meltdowns. Nevertheless, our current reliance on high standard of living, which requires substantial energy and petroleum products consumption to sustain it. Consequently the potential for fresh economic crisis can not be completely dismissed.

In contemplating this notion, I find it difficult to concur, as my contentment and gratitude cannot be attained when I find myself incapable of fulfilling the fundamental necessities of both my kin and myself. If we are still poor, we must always have the desire and urge to find a way out of poverty. If we maintain an attitude of gratitude and unwavering happiness even amidst poverty, it shall augment our contentment, fostering acceptance of our circumstances instead of relentlessly seeking an escape from it. Today's society is very pragmatic and we cannot deceive ourselves that without money there will be another way for us to be happy.

This may be the first time I have seen someone directing another member of the forum not to post in the main English sections due to their bad English, something I had not expected to see, to be honest, keeping in mind of flexible people tend to be around here when comes to mispells and grammar errors.

I personally u derstand what OP is trying to say, he says that it would be impossible for the West to go through another big recession, just because we have gotten used to s different standard of life. To me it does not make sense, perhaps He is in such adventagious possion in his society/country that in his eyes the idea of crisis and bad times is impossible.

English is not my native tongue either but I do get what he means somehow. But The Sceptical Chymist has a point.

I have not been in the 1930s but have read many times what was going on during that time. Sadly if we are to go experience the crisis of that time, we may really see people killing each other on the streets for food. Today, we see a lot of looting already which is kind of normalized while the cops couldn't respond quickly. 

The prices of all the stuff today have almost doubled and this could get worse if the FED still doesn't see what breaks. Maybe they need to see a state/people revolting already before they return to QE.

Haha, every day I find funnier things on this forum.

 ;D

Shortmaster, I like your argument, as we are used to the good life, things can't go to shit, no?

How do you think people lived in the roaring twenties? The only difference is that there was less technology but in general in times like that people lived very well.

How did people live in 2006?

Your argument doesn't go very far but I find it amusing.

I don't think that economic crisis cannot effect the people and as you are saying that almost everyone lives a luxury life so it cannot be possible. In our country there are large number of people who cannot afford to eat three times a day and having a car or other luxurious material is impossible to possess by them.

Various classes of people are present some are wealthy enough that they will not be effected by any economic crisis but those who don't have much money will surely be effected by crisis. In our country inflation is high and the rate of each and everything is so higher that many people start begging just for eating so if just eating become so hard then how they will maintain other necessitates of life?

In country every type of individuals are present but we are unaware of poor people because we have everything what we wants and we are eating well in this situations but if we go out from our homes then we will realize the actual thing.

That what you describe is a very extreme scenario, people back in the day already had weapons and there were not some much looting or killings.

The looting today, specially in some cities in the United States is mostly because employees are trained not to interrupt or engage themselves with the criminals, because the merchandise or business maybe under ensurance and it is not worth the risk a physical confrontation against criminals just for some merchadise, one's life is more important. Criminals are aware of those policies and they take advantage of it to carry those speedy lootings, knowing they won't get stopped immediately.

I am more optimisticin the future, though. If a economical recession was going to happen people won't push it into an apocalyptic scenario.

This is not the first time users have been directed to use their local boards based on their incoherent Use of English. Though Standard English does not necessarily needed in the forum if the message is clear but whereby the message is not well communicated to the audience and which might caused hearing impaired. Though why The Sceptical Chymist said is not too bad because if the Op post in his local board and master the forum then he can come to the general boards to make comments.

If you picked the breaks (the pieces) and join together, you will understand what the op is saying. And what the op is saying is possible. The matter what people live in a luxurious life economic deficiencies will always come. Politicians who were once living in a flamboyant lifestyle can become poor in the society.

I get to understand the point of what you're saying. We're living in the modern day so basically life is truly better than of 30's.

With vast opportunity and with the help of modern technology, anyone can do the impossible before like working for someone who's from offshore and just stay at home and work all day long sitting in front of his computer in his bed room.

But you know what's the problem these days aside from economic status of each individual? The stress has gotten bigger than before. And that's like a stress reliever when someone eat out and treat themselves to release the stress hormones.

Although it's not that as luxury as what you're saying, typical living is still enough for someone but can't afford a luxurious life. We tend to be more grateful these days as we've gone through a lot.

The only good life this generation is having is in technological advancement beneath that there's nothing enjoyable in this present dispensation we live in.

The environment is polluted more then ever, we can't be proud of breathing fresh air. Insecurity is at the highest spike to both the rich and poor.

Inflation and hunger are like twin siblings striking the two third of the world population, every policies falling apart with living standard growing worse daily.

I think the peace and serene environment with nature closer to us as it were centuries ago those are the best life of luxury, and not in a Lamborghini or mansion as people see today as criteria to good life.

I think that it could be possible that OP does not have much experience with the middle class (or lower), judging from his way of writing. There do exist a small percentage of people who have never had to go through the experience of not being in the top class, and to them, they cannot imagine life any other way.

But I think we might perhaps be misunderstanding OP's meaning. Perhaps he means that with the passage of time, and the progress of technology, we now have access to things that were considered luxuries before and that each time we, humanity, progresses with technology, our lives become easier and we can now afford things that people in the past could not afford?

In such a case I would agree. No more dark-ages dentistry or using blood leeches as "medicine".  We won't have to revisit those days.

It is precisely that attitude that got us on this mess to begin with, you are just spouting the ‘we are too big to fail’ argument, and nothing is too big to fail, just because you cannot imagine the economy going down and taking everyone with it does not mean that it cannot happen, in fact it has happened to all countries at some point, politicians in power thought themselves to be above basic economic principles and they discovered too late the only reason they could ignore them was because the country was too rich, but once that wealth is squandered then they will have to suffer like everyone else.

OP, because you can afford a luxury lifestyle in this economic crisis, that is not the same with others. Many can't afford to live or have such a lifestyle in life.

OP before I questioned your luxury lifestyle as you put it. Have you for once gone far from home to another city to see how people are fairing in this global economic crisis where the price of foodstuff is on the increase? If you have, you won't come out openly to say all this. Just because you don't care to know, doesn't mean that the whole of Western countries would do the same. Try and live a normal life rather than bragging that everything is working fine for you. While others that things are not working for them should hate on themselves for that, for not being opportune to live and have a luxurious lifestyle like yours.

OP pray in your next life(if there'll be one) that you will still be as lucky as you are in this present life. If not, you will know that not all fingers are equals

The economy won't adjust to your lifestyle.

Just cause we're living in more advanced times doesn't necessarily mean we're in the clear in stuff like these. The fact that we're even talking about the possibility and the apparent proximity of an economic collapse is testament enough that we're aware it would happen some time in the future, it's just a matter of how. Sure it could be averted by employing more humane approaches to this economic struggle, but we're living in a dog eat dog world and the ones at the upper echelon would much rather see the world burn than be part of the solution in exchange for their vast riches. That's just the reality of things.

Have you heard the war between Ukraine and Russia? That's a crisis that many didn't expect to happen in modern world and it can still happen to other countries son don't over confident and make sure that you are ready for this kind of scenario. Actually I'm living on a country that can be a battle ground if the war started again, but I hope bigger countries will do everything to prevent this from happening again. Crisis can still happen, especially with the economic crisis and many are suffering already with hyperinflation.

This is very clear and I hope op will take a look at the war in Ukraine. We need to understand that anything can happen at anytime that could take away the kind of luxury lifestyle that we are used to. The world is coming to an end and vigorous things will happen which are inevitable. I could remember the time of COVID-19 when live was very hard to adhere to because there was no jobs, no works, no movement, everyone was foreced to be in there various houses and for those that don't have a house, or money to eat, they'll gi starving and begging for foods.

OP, vanity is a sin. Your west is not your property. Your life can turn upside down at any moment, so your boasting is out of place. What are you so successful at doing among us mortals? You have nowhere to prove your self-sufficiency? Or maybe the Internet is the only place to feel like a hero?
Such talk about selfishness and indifference to other people does not speak well of your personality.
There is a good expression; listen if you are capable: One day you will have to go down, and there you will meet those whose fate did not bother you. Think of your own ending.

If you eat pizza 24 hours every day, you will die of cirrhosis of the liver. ;D

Perhaps the op's simply very oblivious to a life of a lot of privilege, or the post it kind of written in a way to troll, to trigger irritation. I don't know which one that is, and I won't dwell on the obvious of how many people are living in poverty and economic instability in the world. I'll focus on a possibility of something like the 1930s Great Depression. I think it's less likely to happen now, but it's not entirely impossible, especially if Russia's war against Ukraine turns out to be one of the many wars of the following decades and not an outlier followed by a more peaceful world. If we're entering turbulent times, and so this decade so far has been very turbulent, serious economic hardships even of very wealthy countries are totally possible.

Are you sure you know what you're saying, mate? At least use some commas to make these words of yours more understandable. Are you saying that crises are impossible to happen then, people who are not used to these crises are living with luxurious life as their norm life? See, there's a big difference between using little punctuation into understanding what message you're trying to convey about people, crisis, and luxury life. But you know what's the matter at this time? It's about feeling what others are experiencing and giving you the thought that not everyone are having the best time of their lives.

I apologize to everyone, but I think the OP is mocking us or being heavily ironic... :) He seems to be trying to emphasize that the luxurious life in the west is out of proportion to the rest of the world. I agree with him on that, but there are some understandable reasons for that, like hard work and production, and some not so understandable reasons from the colonization period. I also think that if another big global crisis comes knocking on our door, nobody can escape it. In fact, the west may have bigger problems because they have lived in prosperity and abundance but without the need for some of the basic concepts that hold communities together. If they suddenly have a big stress test, it could be a difficult time for them...

I fail to see the relevance of your post. Perhaps, this is just a post to toot your own horn or is this really how you see things right now? Moreover, based on your replies to other community members that have posted here, you are stating that you are from the West and this is just normal to you. Alright, I'll humor you. First off, if you are truly living a luxurious lifestyle then may I recommend getting a formal education or tutor in English? Despite having those luxury things you claimed to be enjoying, it seems like a basic need in education regarding proper communication is lacking on your part. As far as I know, most people who are actually living such a lifestyle can at least communicate better, and know the proper spelling of 'coffee', especially after claiming that it is a part of your daily routine.

See, I'm usually not one to spend much time in terms of things like this as I know not everyone has access and is capable of learning English as their second language, but seeing as you are bragging about your luxurious life, I at least expected you to be well versed in English or at least be decent with it. I fail to see the privileged life you are claiming to have when it seems as if proper communication and humbleness do not exist in your world.

Here's the reality, OP. Not everyone lives a luxurious life, not even half of the people living in the West. Human beings are born with the nature to survive, hence even if such a crisis happens, we will find a way to cope and exist. Moreover, the economy will not adjust to your lifestyle. You are the main character wherein the world will adjust to your needs. If a crisis happens, you, just like everyone else, will feel it and adjust to it.

Now, as advice, I suggest you use the money are bragging about to access to tutor or module that can help you with your English. If you were only here to brag I suggest doing your post locally and in your native language.

You know that rich kid life where the child gets to grow up all his life within the court of the palace nursing the idea that same privileges he enjoys is what every person in the outside world also gets, only to finally see that he has been living in delusion.

The factors that led to the great depression of 1930 culminating from the 1929 are at present we us if we ain't aware  till now. We can see how divergent  government policies are failing, economic downturn on all sides around the world with inflation on a thin line to getting hyper, in the interim the governments is covering their failures just to reduce tension and panic but for how long.

Yes, he can be because that is what he experienced. The guy might be filthy rich, but his only mistake is when he generalized the living he is experiencing now from others when we know that many people are also poor, and even if there are no reported and confirmed crises in the news, these poor individuals are still struggling with their daily life.

However, there might be rich people who are over-sensitive and thinks that they already wasted a massive wealth from a small decline of their net worth or business. Therefore we can say that these people are also affected by some crises especially if it's related to financial such as recession and inflation.

To the extent that you alluded that now is better than the 1930s, have you asked around within the older folks to know if they would concur with you... Truly they won't. They will tell you life was far more better than what it is today. That they prefer the undiluted air and the natural breath they had without diffused with carbonmonoxide. They will tell you they enjoyed the serene and tranquil environment they had. What about the natural foods that more or less is a recipe for longevity, what about inflation and poverty that has left luxurious life to the exclusive of the rich and many more they could point at.

If you want to do a comparison of the life back then and now, you will see it is a whole lot of array you want to discuss that put different opinion for and against the time then and now.

Yes, there is a grain of truth in that. There is less and less natural and more and more artificial. And artificial intelligence is destroying jobs. In 1930 you could find a job despite the crisis, but now it is much more difficult because of the internet and the universal base. Progress is not always a good thing

There's a huge gulf between "we used to live well" and "we're going to live well anyway."
If we try to compare the crisis of the 30s, there are purely economic reasons at the heart of it. I agree with some probability - most likely the repetition of such a scenario is unlikely. But.... the world is changing. And if it happened "accidentally" then in today's world there are regimes that can repeat such a crisis intentionally. For example mass terrorism at industrial facilities - plants, factories, oil and gas pipelines and extraction stations, nuclear power plants, railroads, power lines,..... This can really plunge the world, and especially the civilized world, into chaos both technologically and economically.

And if such a process is launched, it will be extremely difficult to stop it, which is why we need to work proactively, reducing to zero the possibility of such regimes/powers to develop and build up forces

Lol I would not agree that progress is not always a good thing but it comes with its challenges. It depends on and individual but the society must not remain stagnant, it must evolve and if it does, it will have both negative and bad effect but for discussion purposes some people may prefer the old time past and that is why they refer it to the good old days, mostly the old folks while the new generation which is the young may not really have the leverage of comparison because they didn't live in the past. Surely, the modern time has its challenges but it is well taken care of by same modern infrastructures. Like in health, the diseases and virus that the world withness are also taken care by modern technology.

What I get here is someone who is trying and not too subtly, to give us an impression that he’s living the good life also notably in the west. Hence, it’s impossible to go into a cris simply cause he’s used to the good life.
Either you’re penniless and having hopes of someday having fancy luxurious things you see flashing on on TV, or you’re just plain arrogant. Personally, I think you don’t have shit.
Besides, don’t you think people living the good life then also felt it’s negative impact? Possessions accumulated over a long period can be gone in a blink.

I would say that its earned though, that is the life humanity built for itself. You can't call a crisis not a crisis just because we are not wearing a cloth around our private parts and go hunt some mammoth or something. Obviously humanity evolves, and it should evolve, which means that crisis of today will be different than crisis of those days, its only natural. You are not going to suddenly start living with 30's standard just because you think that would be called a real crisis. You can still buy the luxury phone, you can still buy that good PC, or new bag, thats not the point. The point is that income is not enough for the expense, and when you look at just bare minimum living expense, thats usually higher than most peoples income.

You could really be able to say such thing if you are on a condition on which you do have the money, try to look around OP and you would be finding out on how many % of the worlds population is starving to death

or having that lack of sufficient mean on day to day basis which they could barely be able to survive. Be thankful that you are on the condition which you wont really be having those kind of problems when it comes to finances on which you wouldnt really be able to say if you are on the foot of those people who had been struggling even with their own food or meal on everyday. THere's no such thing that perfect in this world on which if there are people who are rich then there are people who do sit in between and to those who are at the bottom.

This is why we are really that trying our best on having that multiple income sources or even just having that single job for us to survive because everything on this world comes with a cost
and what if you dont have money? for sure you would be homeless and barely could eat.

At this point of life one just have to try his or her best to be able to provide the basic thing to stay Alive by putting more effort to work. Some situation we found ourselves it doesn't jest make sense to fold the hands and think nothing can be done about it. The level in life presently is not the limit in life, their are things , effort that can be made to get elevated from the current level. I do not believe things must be accepted the  way we see  it, if we accept the bad situations in life we may just remain poor in life without having any good achievements

Germany in 1930 was a beautiful and successful country where cheerful people ate delicious food, drank great beer, played sports, went to the theater and listened to great classical music.  However, in 10 years the situation has changed radically... The Nazis came to power in the country, and most of the men were sent to the front. 

Russia and Ukraine in 2007 differed very little in terms of living standards from Western countries.  Even now, in the large cities of Russia, the standard of living of their inhabitants is quite high.  And in parallel with this, hundreds of thousands of people fell into hell. 

And these are the same people who just recently watched YouTube videos, ate pizza and drank exotic coffee.  From heaven to hell (and vice versa) is just one step.  When such situations arise, most people try to adapt to them, not realizing that their standard of living is falling catastrophically.  It seems to them that the situation will change for the better, but after a while they realize that they are in hell.  And now hell is their life. 

Therefore, in my opinion, a global economic crisis is possible.  A catastrophic drop in the standard of living of people around the world is also possible.

If you're busy criticizing those in better financial situations, consider how technology can change things. The inequities you mention have plagued communities for generations. The access to financial tools has altered

Bitcoin and other cryptocurrencies democratize finance. You mentioned unbanked communities that could profit most. The obstacle? Knowledge. If only they knew its potential, they could avoid traditional banking mistakes. Instead, we're pitying

As long as it's a crisis that makes people live way under the life they used to live, it's a crisis. If we are used to living a certain way, and suddenly EVERYONE drops their way of living down to a lower level because of something, that is considered a crisis and that is still a bad deal. Too many people end up with an issue on things like this and that does matter a lot, we should be careful about it and not really make a big deal out of it neither.

I get that it is going to cause a lot of trouble for a lot of people but we need to make sure that things are doing better on the long run. I get that life is not that simple, but it can be done one way or another as long as we hold our belief that crisis is something we can profit from.

Who is this "we"? There are so many people on these forums that have different costs of livings and different incomes from various sources. Back in 1930? Tv's and the internet did not exist, with all the simplications they bring. Many people did not have indoor plumbing or showers. There were very limited global supply chains, you'd generally be eating whatever grew in the local area year round. Clothes? You'd be wearing the same sets year round and repairing them, washing would be done by hand. Mass produced cars were in their infancy. The world has come a huge distance in the last hundred years and it's ridiculous when people make comparisons which don't have any context.