Maybe Not Possible For Governments To Get Off Fiat??

 Thinking that with the USA dollar as the main reserve currency, That would make it very hard for other countries to get off the USA dollar and other fiat systems if they wanted to.
Such as moving to a money system that has more limited supply.

More less to drop a fiat system altogether for the international business aspect for that countries exports and imports.

There would be or could be in my opinion consequences such as a possible war break out with in some case the USA before.
Now with China taking over some countries. If those countries dropped the Yuan for business, there would be serious consequences coming down from that,

For example I am in Canada. If our country here stopped the USA dollar altogether for the trade transaction between USA and Canada there be serious consequences, even if my country Canada the government dropped the Canadian dollar or any fiat system in the country and moved to a new system, like BTC or some non fiat money system on the national system. There would be very serious sequences coming back from other governments in other countries.

Would this be a case of intimidation from more dominate countries that is preventing other governments from wanting to change the financial system?

Thoughts?

There are many disadvantages of excessive gambling that we need to talk about, and I do hope that newbies who plan to start gambling will learn something from this thread.

Gambling is not for everyone, some people tend to always get attached to whatever they do in their lives, too caring, too foodie, too protective, all these comes with disadvantages too, because I believe that too much of everything is bad.

If you are someone like this, stay away from gambling.

In the Gambling case, it's a different story entirely, if humans can get used to drugs, alcohol, and other harmful things in this category how much more trying to make money off gambling?

It is easier to start dteaming about quitting your job one day and retire in your 30s, you know what I am talking about, those weird dreams that one never dreamt about when working in a company from 8am to 5pm everyday.

Here are some Negative effects of excessive gambling.

Too much stress
Anxiety and Depression
Debt
Making wrong decisions

And if all these is active in one's life low self-esteem is sure to follow, many people messed up their lives by gambling and they don't know when they start borrowing money, or selling off properties because of gambling until they have nothing left.

Thier families are the one who got caught up in the mess, imagine a family man that has a home to take care of ending up losing everything to gambling and start living a wrecked life, I have seen a lot.

Gamble for fun only, using small money that you aren't needing, and think about losing that money first, to make sure that you won't be needing the money if it's gone.

Some days looks like a curse day, I wanted to keep it to myself but I felt it more reasonable to share. I involved in some business investment which initially the promise was really good after week of deal, I just back from work, I saw a call from my colleague we did the business together and I call back to hear him crying on phone. That the business we involved into is fake and the office is close, the MD has disappeared, for two minutes I was shivering with sweat because that's the highest amount I have involved business so far. Am regretting to have used in bitcoin by now I would have be on advantage with bullish price.

I have not gotten myself this days. Do you feel down when such sudden hits happens to you?

Will there come a time when online casinos will implement that you upload a responsible gambler certificate before you continue to play because of too many government restrictions it's not necessary for newly registered gamblers but for gamblers who lose a lot of money and their activity is they are suspected to be addicted to gambling.
The reason why the government will implement this, as a precaution, is to protect people from losing their wealth and their health from too much gambling because of addiction, it's a way of protection.

It didn’t take long after Russia invaded Ukraine in February 2022 for NATO countries to throw sanctions down on Putin's economy, all designed to destroy Russia and it's citizens like Venezuela, from transacting on the global market. The sanctions were the broadest and harshest, coming almost weekly, and severing Russia's link with SWIFT, sometime akin to Dvaid Trezequet goal against Italy in EURO 2000, a golden goal.How could a country so dependent on selling fuel overseas ever recover from that?
“What we’ve done to Russia over the last weeks has blown the top off sanctions,” Julia Friedlander, director of the Economic Statecraft Initiative at the Atlantic Council, told a magazine last March. A year later, Russian troops are still carrying out their SMO.
 It has been proven that sanctions are almost never effective at forcing countries to change their behavior. However, the fact that the Russian economy has fared far better than anticipated in the face of wartime sanctions is more surprising. In 2022, its economy shrank 2.1% — substantially less than the 10-15% some forecasters made when sanctions first hit last March
Why did the experts get it wrong? Or, in other words: How did Russia’s economy prove resilient in the face of such heavy sanctions?
According to a senior economist,  Moscow has been "sanctions-proofing its economy" since 2014, when Russia annexed the Crimea and faced its first round of sanctions. This involved shedding of external debts by companies and banks, subsequently diminishing their dependence on Western funding. Russian consumers experienced a severe pinch as a result of being suddenly deprived of imports during the initial weeks of sanctions. However, Russia quickly shifted its focus and began importing consumer goods primarily from or through China, Kazakhstan, and Turkey.

I think people don't understand that there is no strategy in gambling. Gamble but consider your spendings on it as an entertainment expense. Got luck on your side and won? Good. If you don't you still had fun.

I'll take 'em, PM sent

hello is it possible to cashout money  without being the owner  without having documents to proof you are the owner  and when the account is frozen?

only thing i have is that payment method that was used  was mine and the cashout would go towards that account

Interesting article, the term "Greedflation" especially. This is the first time I come across this term and I like it. I understand that someone wants to be rich, but when is enough? Is there enough?

i play slots hoping to win 'big win' or 'jackpot' but many times it don't hits and my balance get drained after betting many times in one slot machine. i play more bets hoping it already took my so much balance it will definitely going to hit this times, but it never happens, and my balance becomes "0".

so i am sharing some tips to avoid this type of losing streak or bad luck in slots.
here it starts:

1. always set a budget for playing slots and stick to it. do not chase losses or try to win back what you have lost by playing more.
2. if a slot machine does not hit in 7-10 spins, consider trying a different machine. this can help you avoid getting stuck on a losing streak and losing more money.
3. if you have been playing a slot machine for 50 spins and have not gotten any free spins or big wins, consider switching to a different machine.
    this can help you avoid wasting money on a machine that is unlikely to pay out.
4. avoid playing slots from Pragmatic and Gamomat as they tend to have low payout percentages and are not as likely to result in big wins.
5. be careful when playing slots from Belatra and Spinomenal as they can be unpredictable and may not always pay out as expected.
6. if you do hit a big win, consider tipping any nearby players who may have been unlucky or busting. This can help spread good karma and keep the atmosphere positive.
7. avoid getting "slot psychosis" where you get stuck on one machine for too long. remember that slots are based on random chance and there is no guaranteed way to win.
    so, take breaks, switch machines and remember to have fun!
8. first check the RTP (reward to player) and RTP should between 96%-100%

One question bothers me a long time and I am not sure if there is anyone that thinks about this before. Let's say you invested $10K in Bitcoin when the price was $20K,  and some time later the price pumped to $40K, which means the initial capital is now worth $20K. For some reason, you need cash urgently so you decide to sell the Bitcoin you own for cash. You do it and now you have that $20K on hand.

In this process of trading, your profit is $10K for sure, regardless of whether the Bitcoin price will pump or dump. If you won't invest again, this beautiful success should be what you are proud of. However, 99% of us will choose to buy again and hope for the next success. However, now you buy at $40K and the price may drop to a new low below $20K later, and the profit you gained from last trading may be eaten up gradually by the market dump.

Connect the two dots(two extreme conditions) and draw a curve, high chances are that at last, your profits from all investments may not be that much, at least much less than what you expected when you first gained that $10K. Therefore, all the occasional profits between investments may become fixed or variable costs that these investment must pay.

Does this sound logical to you ? What do you think of all the interval losses from the investment gains ? Please let me know.

I will share a little of my experience when I invite some friends who like to bet at local bookies.

A few months ago about 4 of my friends came to my local town house to bet on a football game and after a while they were arrested by law enforcement in my country because I live in a country where gambling is strictly prohibited and there are laws in it. They were all jailed for several days and had to pay fines to be released from prosecution.

Here I feel sorry for them if they have to deal with the law again so I teach and give them an understanding of crypto casino, after understanding I suggest using crypto casino which I believe they can use as well so they can bet on every sporting event freely and without having to afraid to face the law again.

And what concerns me is that one of them actually becomes a gambling addict in a crypto casino. It was a pity that he had lost his senses and forgot about his responsibilities as the head of the family to the point where he was more concerned with money at stake.
From that incident I felt very guilty for inviting him to bet at a crypto casino until he became an addict.

I want to ask for advice and input from members here, what should I do to deal with this friend of mine and how should I react to it because he became a crazy gambler because of my invitation.

Source: Tutwa Consulting Group

BRICS nations are advancing at a fast pace to eliminate the U.S. dollar-dominated financial system. The first step is to bypass the U.S. dollar and the second step is to create a new currency to settle international trades. While the first step is already in practice, the second step could be put in place after the BRICS summit in August 2023.

The alliance countries have already taken measures to bypass the US-dominated global financial system. The aim is to move away from the dependency on the U.S. dollar and provide an alternative global financial option. BRICS is an alliance of Brazil, Russia, India, China, and South Africa.


BRICS: The Next Step To Eliminate The U.S. dollar
currency

Source: Unsplash

Just recently, BRICS nations overtook G7 countries in global GDP while taking purchasing power parity into account. Russia announced that it would pay with the Chinese Yuan to settle trade with Asian, African, and Latin American countries. China and France completed the LNG gas trade using Yuan, ending the dollar’s reliance on energy trades.

Therefore, BRICS are currently successful in their plans to eliminate the U.S. dollar to settle global trades in native currencies. However, if the alliance countries agree to a mutual currency to settle global trade in the upcoming summit in August, the dollar may face a significant drop in demand.
The U.S. dollar might lack potency if the BRICS countries fully eliminate it for global settlements. Over time, many other countries could join the bandwagon and distance themselves from the USD.

The development could make the dollar weak and make way for a new financial system not dependent on the USD. The success or failure of this development now only depends on the next BRICS summit in South Africa.
The transition to settlements in national currencies is the first step. The next one is to provide the circulation of digital or any other form of a fundamentally new currency in the near future,” said the Deputy Chairman of Russia Duma, Alexander Bobakov

This is a move to try to reduce promotion of gambling in the premier league with it's increasing audience, do you think it can successfully reduce the number of people who gamble? What do you think? Will these gambling platforms not just move to other sports, do you think other sports that wear their sponsors name in England will adopt this new development in the premier league?

---

https://www.msn.com/en-us/news/other/premier-league-clubs-to-remove-gambling-sponsors-from-front-of-shirts/ar-AA19Ogeu

i am studying in college, i was really excited to get my first credit card . i thought it will give me a sense of independence and allow me to buy things i could not afford with cash.

though, i quickly learned that credit cards can be a double edged sword. while they can be helpful in building credit, they can also lead to debt and financial trouble if not used responsibly.

at first, i used my credit card reasonably, only for like emergencies or small purchases that i knew i could pay off in full each month. but as time went on, i began using it more and more for larger purchases and impulse buys, without really thinking about how i would pay the balance off.

before i knew it, my credit card balance had  blown up to several thousand dollars, and i was struggling to make the minimum payments each month. the interest charges alone were eating up a significant portion of my income, and i felt like i was going under debt.

it was not until i sat down and made a budget that i realized just how much my credit card debt was affecting my overall financial health. i had to make some tough choices and cut back on some of my expenses , but finally,
i was able to pay off the balance and get back on track.

the lesson that i learned here is that credit cards can be a valuable tool for building credit points/scores and making purchases, but they should be used responsibly and with caution. it is important to keep track of your spending(like keeping a journal), pay off the balance in full, each month if possible, and avoid carrying a balance that will increase interest over time. by being mindful of your credit card usage, you can avoid debt and maintain your financial health.

i am weak at economy, is it wise decision to use credit card?

  Guys Share bets that disappointed you, I have a lot of these ridiculous Bets, for example Here I planned to raise a bet every 10,000 rolls, Well Limbo figured out my plan) and rushed to give while standing a small bet

Managing finances properly is key to our financial life, which is well known to each of us, I guess. I feel like this is in my bones so sometimes I make some decisions subconsciously. I recently ran into a situation where I found myself really awkward. Last July or August(I can't remember that clearly), one of my extended family cousin asked me for three thousand dollars as he lost his job and could not pay off his loans. I refuse to lend him the money cause I knew him well that he was not a solid trustworthy guy. A few days ago we met on a family reunion occasion and he did not really talk to me and I suddenly realized that it was because I didn't lend him money last year. I think about it twice and if he had not been that untrustworthy, I would have definitely lent him the money. Anyway, I hope he is doing fine now and best wishes to him.

Martingale strategy in casinos. How do you feel about it?  My little experience sometimes comes with a good result) but more often the result is negative

As humans, we tend to have a need for immediate satisfaction. These needs keep increasing on dialy basis, if one decide to go by all these needs, one may end up without a saving. Most time we are faced with a decision like whether to spend our money on our daily needs or to save them. Here, we may likely to be biased toward our present selves, so we're likely to make the choice that will benefit us most at that moment which mostly will be buying our daily needs. However, we can overcome present bias by taking away the ability to choose between saving and spending altogether. This is where automating your savings comes in.

What do I mean by automatic saving? Automatic savings is a type of personal savings system in which the plan contributor automatically deposits a fixed amount of funds at specified intervals into their account. The typical structure of this type is an automatic transfer from an individual's bank account into a savings or investment account.

When you automate, you eliminate a decision – to save or not to save. Once you decide to set up auto-save and go through the initial process, that’s all. You keep saving at interval without a need to make a decision on either to save or not. With this one savings keep accumulating with time till one have a reasonable amount.

With automatic savings, ones monthly salary becomes: Salary- Automatic savings amount. With this, one will only calculate is daily needs on the remaining amount rather than calculating on all it's salary.

CONCLUSION
Saving money isn't something easy, it comes with determination and self-discipline but with automatic saving one can easily set his/her saving amount at interval.