If you want to determine whether a war affects the global economy, examine a few things -- One being the GDP of involved countries, two being the total import and export products/volumes, and three being geographical locations (whether the country's near shipping corridors or critical airspace for flight logistics).
And so with that, it shouldn't pose that large of a threat. Israel has a high GDP, Palestine does not. And Israel could effectively wipe Palestine off the map if they wish.
Israel's calling this a "war" for PR purposes and to rally countries around them. Is it really a war when one side is so outmatched?
So, one has to wonder, if they are so powerful, why haven't they wiped the arabs off the map after 60 years of conflict? What do you think is keeping Palestine from total destruction? If it's not a war then what is it, cat chasing mouse? Because innocent civilians would get caught in the crossfire. |
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If you want to determine whether a war affects the global economy, examine a few things -- One being the GDP of involved countries, two being the total import and export products/volumes, and three being geographical locations (whether the country's near shipping corridors or critical airspace for flight logistics).
And so with that, it shouldn't pose that large of a threat. Israel has a high GDP, Palestine does not. And Israel could effectively wipe Palestine off the map if they wish.
Israel's calling this a "war" for PR purposes and to rally countries around them. Is it really a war when one side is so outmatched?
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Common tactic by Hamas is to set up military posts and and weapons depots near civilian areas or in civilian buildings. Israel will fire in retaliation to rocket attacks towards these buildings and within the collateral damage, civilians get killed. It's a method of generating emotional propaganda to paint Israel as the aggressors.
Of course the Israeli military would wipe Palestine off the map if they chose to unleash the full strength of its military. They show vast amounts of restraint.
Europe will stay out of these matters. I'm curious on what the U.S. will do. Under Trump, Israel and the U.S. were strongly aligned. Under Biden, the relationship seems tumultuous.
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CBDC (central bank digital currency) are digital representation of a country's official currency managed and regulated by a central bank. The idea is to provide an alternative to digital cash allowing faster transactions and increasing financial accessibility.
Its centralized nature allows the government to directly issue currency to citizens at the whim of central banks
This obviously means that they can not offer the same level of autonomy or censorship resistance that bitcoin offers
The fact that its implementation can lead to potential surveillance and increase government control over finance is something to be worried about.
Considering the fact that bitcoin has earned an high level of trust, security and borderlessness from it user with an inherent monitory policy brings the big question;
Do we really need cbdc now?
One of the limiting factors for Bitcoin is the capacity of the network and even the total volume of bitcoin in existence. You could argue that Bitcoin itself suffers from a form of inflation, because every year a certain amount of coins will be lost for a whole variety of reasons, from dust left over in transactions to wallets lost by owners. This makes it hard to realistically fit all the transactions that even small countries need on to the existing blockchain at a reasonable level. Certain countries may choose to take on a CBDC project to experiment with creating a truly digital currency but need it in a more contained and sterile environment compared to the constant fluctuations you see on pre-existing crypto Total volume of coins does not matter, nor has it ever mattered for purposes of a currency. As long as an individual coin can be adequately divided, the purchasing power each coin provides is what counts. Whatever coins are lost along the way makes the coins that are already on the moveable more valuable. Bitcoin doesn't have a fixed value and so the fixed supply isn't a limiting principle. |
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Is WHO to blame for the reactions to pandemics? Let them bring whatever resolutions and amendments to bear. It was the populace that quivered in fear over a virus with a 99% survival rate. It's almost like we asked for it.
A "pandemic treaty" isn't to fear, it's your fellow man that allows the bureaucracy to take over.
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The government is terrible at gauging what the minimum price for labor should be -- minimum wage laws have always priced employers out of expanding their labor force and it raises prices on the consumers. Watch as economist Thomas Sowell explains here: https://www.youtube.com/watch?v=kssBBNI_BZcThe number of jobs will be reduced, therefore someone who may have been able to work at 18 USD/hr wouldn't have the opportunity work as the employer would have been forced to pay 20 USD/hr. Having a job at a low wage is better than not having a job at a zero wage. It will only be a matter of time until inflation makes the minimum wage meaningless, and then what? The California legislature continues to pull magic numbers out of thin air to gauge what the hourly wage of a fast food employee should be? |
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As a side note, on an individual level -- Gold, crypto, real estate are all attractive options if you're someone looking to retain your purchasing power. I would diversify into everything, perhaps leaving crypto as the plurality of your total portfolio if not the majority.
Global reserves operate in the same manner, countries usually bend towards diversification in multiple currencies and some physical assets. Crypto isn't part of the global reserves as of quite yet, maybe some number of decades we'll see countries slowly start incorporating crypto into their balance sheet. As of today, it's not really viable.
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If USD fails then the U.S. military won't have any funding, so it would collapse too. Without a strong currency, there is not a strong military. And vice versa.
The shelf life for USD is much greater than 5 years. If we're talking about a collapse, perhaps a few more decades of reckless spending before USD holders recognize the fragile house of cards that is United States currency. I don't wish suffering upon anyone, which is why I don't hope for a major currency collapse even though it would benefit crypto greatly.
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Bitcoin alongside other cryptocurrencies has aided the economic development of many countries.
How has BTC done that, as far as i know BTC doesn't directly help in the general economic development of a country, it can make cross-border payments easier for people of any country and it could also help some people make some profit if they can hold on to BTC for the long term, but BTC cannot bring a country out of inflation for example or better their standard of living. Governments wouldn't even adopt BTC, they'll prefer to print billions in fiat backed by thin air to make inflation better for the short while, and worse in the long term. I'm a bit surprised at how critical people are with Bitcoin and inflation. Once inflation has already hit, and the currency someone holds no longer has the purchasing power that it once had, then yes, Bitcoin isn't helpful. However, would someone holding Zimbabwe dollars in 2017 benefit from trading some portion of their dollars in exchange for Bitcoin? Seemingly yes, as Zimbabwe dollar inflation would hit 500% just a year later. Bitcoin should be used as a precaution for inflation. Certainly citizens of third world countries would benefit from using it, even if it's a small amount. Their currency isn't as reliable as first world currency. |
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Another thing I don't get is precisely what the pandemic had to do with that spike in prices.
I think there were many forces working against each other and their result was an increase in prices. among those that could influence the price to the upside: 1- difficulties related to quarantines. Absence of key employees at work and, as a result - ports not working optimally, ships not full, containers lying around This ended up being catastrophic for the supply chain. The government either paid low wage workers more to stay home (the type of workers that were generally at these ports to unload/load containers) or they added COVID restrictions that limited the ability of companies to operate at ports, which caused delays. https://calmatters.org/newsletters/whatmatters/2021/10/california-ports-backlog-labor/California was notorious for this. Combined with their union monopolies and lockdowns, ports on the western coast of the U.S. along the California coastline were down for over a year without operating at full capacity. |
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Maybe I'm stressing out too much because I'm yet to find proper housing to establish myself again after being away for over a year in the military. I'm generally an anxious person myself, but does anyone else feel the same, and how do you deal with it? How do you stay optimistic?
I stay pessimistic and try to adjust my financial portfolio to reflect the worst case scenario. In the modern era, although quality of life has increased, I don't remain optimistic about how things are doing. Within the last two decades alone we've seen two major financial meltdowns in 2008 and in 2020 which were both government induced. The cost of living increases are also mostly government induced as well with central bank policies and COVID related money printing. My advice to you is finish up your masters degree in a field that's high demand and obtain marketable skillsets even beyond what your degree holds to make yourself as attractive as possible in the job markets. Then, maximize your savings potential and begin investing ASAP to create a retirement fund that will be there for you when you retire. |
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Reading some posts, seems that most people do not like about KYC. My question, is KYC a feature in casino? As far as I understand, KYC is not a feature but it is a term in the casino. In my point of view, features are something like autobet, chatroom, tipping, rain, livechat, vault. Things that players are free to decide whether to use it or not.
It's not a feature but a factor. When I read OP my mind drifted towards KYC as an immediate red flag. If I'm playing on crypto casinos I prefer to play live table games. Evolution's a live table game provider and IMO they're the best -- they have the best interface and I don't really have to worry about fairness or reliability. But nearly every casino that has Evolution's tables has KYC, so it becomes difficult to play on. |
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War impacts the global economy only if the war involves major countries. People may forget that wars in the Middle East have been going on for years, much longer than the Ukraine war. And those wars in the Middle East haven't been disruptive because they involve countries with small GDP's. War will never increase the national GDP, it would rather decrease it and the level depends on the nature of the war and where it hit the country.
In rare instances it can depending on investments made post war and depending on global competition. After WW2, the U.S. GDP grew rather quickly and they made some gains in foreign exports because half of Europe was torn to rubble during the war. As Europe was rebuilding their economies, U.S. overtook everyone else and controlled global exports. Without WW2, I don't see the U.S. economy growing as fast as it did from the 40's to the 60's. |
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I don't gamble to make money, I do it just for some mindless fun.
That being said, I'll wager 5-10% of my total bankroll on a single bet, maximum, usually betting 5% of my total most of the time. I never go all in.
I'm generally playing blackjack with basic strategy, that gives me enough in my bankroll to double/split. I'm not too comfortable doubling/splitting with anything more than 20% of my bankroll. The money goes too quick. I could probably find a dice game online that has a lower house edge than blackjack, but I prefer live table games.
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I think considering the terrible economy we live in right now for the poor people, we could assume that world would be even more expensive if governments decided to spend more on it. This is precisely the predicament the climate change alarmists insist we all suffer through. We all must pay elevated prices for our energy, and poorer countries who rely on cheap energy to survive must be subsidized by richer countries. Of course, the argument they make doesn't make any sense. When they're living in a rich country, it's easy to hold their sanctimony to a higher regard than someone living in Africa who might be using dung as a fuel source for mere survival. |
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I think that in the United States there is some kind of conspiracy between leftists and rightists. Left-wingers promote things like transgender laws because it benefits rightists (makes Americans vote for rightists), and right-wingers promote other things like banning abortion because it benefits leftists (makes Americans vote for leftists).
It's not a conspiracy. The left wing radicals have disdain for everyone that isn't as radical as they are. A worldwide phenomenon indeed -- leftists in Europe are a bit more mild although in some countries like France, you have a strong coalition of radical and violent left wingers. Right wing nationalist groups hate their opposition, but they're so fringe and isolated it's hardly worth discussing. |
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So my point is, what economical indices is china adopting to keep their economy afloat?
Foreign investments, manufacturing capacity and exports, and IP theft is what the Chinese economy has bred over the last 30 years. They used their large population to prop up their economy and it doesn't actually lead to sustainable growth -- expect an eventual crash. Their GDP is not sustainable and the one party state hasn't led to much new innovation over the last few decades. And keep in mind the real estate sector in China is abysmal as of late: https://www.cnn.com/2023/09/19/economy/china-sunac-ny-bankruptcy-protection-intl-hnk/index.html |
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He's on the verge of senility. He isn't doing too well.
It's been the case that his handlers have ran things behind the scenes for quite some time, probably immediately as he stepped into office. Between the notecards, scripts, abrupt ending to press conferences and all, it's quite sad to see the leader of the world in such poor shape.
Americans voted for it too, can you believe it!
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Do you know that men need an average of 3.7 liters of water (that's about 15 cups) a day while women need at least 2.7 liters (about 11 cups)?
3+ litres is overkill and can actually cause more harm than good to some people 2 litres are the norms if you already have heart, high blood pressure, or bladder/kidney issues where you retain water. even 2 litres can be too much if you are not excreting an equal amount if you are sweating alot due to excessive exercise then yes more can help. but for majority of normal people 1.5-2 litres is the norm. its also worth noting 2 litres of fluid is not the same as two litres of water so dont include things like milk, orange juice, gravy, roast beef grease and many other 'fluids' as part of the count Also consider any solutes in fluids you're intaking. For example, caffeine is a diuretic and would cause less hydration than someone drinking the same amount of fluid absent of caffeine. The body is good of indicating thirst when it needs water. Someone not conscious of water intake would still clear 3.5+ liters on average if there's enough water around and they drink when they're thirsty. I never make a conscious effort to drink a certain amount of water and am still adequately hydrated. |
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