QT is merely an act for the Fed to control demand by removing cash/liquidity from the financial system. But before the people feel the real effects of QT, what will happen is, your savings will diminsh because of inflation, then as inflation is felt by companies through increasing expenditures, job lay-offs after another will happen. It's already starting. Tesla will fire 10% of its work-force, Coinbase has also started laying off some employees. Plus with less liquidity, some of these big banks/companies WILL start to FAIL. What would then the Fed do? START QE BRRRRR-MONEY-PRINTING AGAIN, AND BAIL OUT THESE COMPANIES! WAIT FOR IT IN 2023, OR 2024! New Bull Cycle after that.  Boom and bust is a natural economic cycle that has existed in free markets since they began. It is like the sun rising and the sun setting. What you are describing with quantitative easing and quantitative tightening is government meddling in that process which usually ends up going wrong at some point. Quantitative easing, like you say, floods the market with cheap money which occurred after the financial crisis all the way back in 2008, it was jolt to bring the economy back to life which was helpful at the time. However giving away cheap money keeps people happy and makes it easier for politicians. It should have ended after a couple years, with maybe the next ten years paying back the original overspending to balance the budget. They left the money tap on for far too long though and just ended up blowing the balloon up for a bigger burst next time around. |
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US energy company opens crypto mining facility in Middle East to use stranded natural gasSome critics, especially bitcoin mining critics have always said that bitcoin PoW is not environmentally friendly, but over 50% of mining hashrates are generated from renewable energy and bitcoin miners are going more towards carbon-free environment, although people are concentrating on bitcoin and not facing what is happening in the real world, even if all bitcoin mining hashrates are 100% generated from green energy, that does not change the global warming resulting from cutting of tress, shrinking of forests and the release of global warming gases from human activities. Bitcoin miners are going more green and will be one of the industry that will likely go 100% of using green energy in the world. On Wednesday, June 1 Bloomberg reported that Crusoe Energy, an operator repurposing wasted fuel energy to the computational power of crypto mining, would start its work in Oman, a nation that exports 21% of its gas production and seeks to zero gas flaring by 2030.
The American company will open an office in the capital city of Muscat, and install its equipment for capturing gas waste at well sites. It already held a workshop with the Omani largest energy producers, OQ SAOC and Petroleum Development Oman. The first pilot project will be launched by the end of this year or in early 2023, according to Crusoe’s CEO Chase Lochmiller.
Oman’s government interest in the partnership is driven by an aim to cut the country’s gas flaring — burning off the excessive flammable gas in the process of extraction. Together with Algeria, Iraq, Lybia, Egypt and Saudi Arabia, Oman accounts for 90% of flaring in the Arab region, while the region itself accounts for 38% of global flaring. In 2018, by the UN’s Economic and Social Commission for Western Asia estimate, 10% of all the gas consumption in Oman went for flaring. Instead of gas flaring, converting gases that suppose to be waste to electricity and use to mine bitcoin has been a great move miners are approaching. It seems like a long overdue use of these excess gases released while extracting oil. Just imagine all those flare stacks that you used to see happening all over the middle east, vast amount of natural gas just being burned off at the source and going to waste. It's good that it'll be used up and it can contribute massive amounts of free energy to this sort of cryptocurrency mining project, I wonder what happens when the oil wells are finally tapped or what sort of timeframe they last. Then again, you could always make these crypto mining operations somewhat mobile - it just needs that internet connectivity which might be cheap enough to source. |
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I have a friend who invests in cryptocurrency like me, he is an investor hold Luna and he has also lost quite a bit because of Luna. But what's more sad is his 2 best friends. Those two are also hold a lot of Luna's and Luna's crash causes them to lose all their possessions and become insane. As he said, one person has gone through the crisis and one has not. Those two guys who invested in Luna were all from my friend's advice. He said it was he who indirectly harmed them, money can be earned, but his friend are gone.
This is a sad story that I have heard. Through this story I want everyone to know 1 golden rule in investing is: never give financial advice to anyone. By the time you give them financial advice, you may feel like you're one step ahead of them, but if that advice is wrong, you could be the one hurting them.
There is no single rule to wise investment, it includes a whole range of information and strategy that can take years to learn. Trying to condense that into one gimmicky soundbite is doing a discredit to the hard work that some people are willing to put into a lifetime worth of finance research. One thing that many people do not have when they are interested in investing is a patience for the amount of time it will take to pay off - we're talking years and even decades. It also requires consistently adding more to your initial sum, not just expecting to dump $1,000 dollars into something and it to be $100k in a couple years, the best investors keep adding more each time they have cash available. |
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Bitcoin as a digital decentralized currency have been widely criticized by many banks and other financial monolithic characters who have been on for front of global financial system, the latest being the call of central banks governors to the EU for the total ban of bitcoin mining and trading ,this also came a week after the Rusia central bank governor advised the President against cryptocurrency adoption.
This have proven to a large extent the political undertone as regards to the central banks position on compartitors such as bitcoin having the capacity to transform the economy of a nation,state or region as a whole, what are the possibilities of central banks governors winning the war against the decentralized finances or will the central banks looses it relevancy when Bitcoin finally become a global currency.
It feels like you underestimate the intelligence of the people who hold senior positions in central banks around the world, while they are still liable to making mistakes or not understanding new technology, they are some of the most intelligent people you'll find. Part of that intelligence is constantly being able to review and revise your opinions on things like disruptive technologies - they are capable of changing their opinions as time goes on. We're starting to hear talk of different central banks trialing out digital currencies, but they will not be bound to Bitcoin or any existing currency in order to achieve that aim. In fact, they will want to be able to show that they have full control over a currency which may require inflationary abilities and a much larger amount in circulation. |
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I found this interesting article. It is mainly for beginners. It provides the proper guidance on how maximize profits from online crypto casinos. Beginners often find it difficult to win money from an online crypto casino often times because they have no strategy in place. The right techniques that gamblers must take cognizance of to make money and keep money from online crypto casinos are highlighted below: - Play free spots
- Make the most out of casino commission benefits
- Monitor your funds
- Play the games that you’re skilled at
- Be aware of your betting patterns.
Do you have any surefire strategies that works for you which is not in the list above? It's almost impossible to make money against a casino, they are absolutely engineered to take money from players. You might stand a chance if you're playing against other likes in games like poker, where "the house" takes a cut in the form of rake or a sportsbook which can sometimes have pricing discrepancies. The best way you're likely to make money is at the very beginning - via the welcome bonuses that are used to entice new gamblers in. They can often be quite generous, as they are a one-off designed to build repetitive habits to bring a player back, but you need to be very careful while reading the terms. If you can deposit a small amount to unlock a big starting bonus with minimal strings attached, then cash out after the requirements are met and withdraw your free money as soon as you can. That's possibly the only way you're going to win against these predefined odds. |
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I am really surprised by how far the price of Coinbase has dropped since it was floated. It's nice to see that there are wall street giants who are coming in and understanding what a money making machine this sort of exchange can be. Like it or not, for widespread adoption of Bitcoin and other cryptocurrencies to happen it is going to require a few big exchanges where the average person can feel safe storing their "virtual tokens" over a long time period. Many have no interest in learning all the intricate details or holding their own private wallets like some here might advocate. On that note Coinbase rakes in a lot of fees and maybe need to reduce those, that is why they are looking like such an attractive investment target right now. |
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As it is, Ukraine is not just the only victim of the war even though they are the worst hit; Russia are also licking their wounds. As a result of the war, news outlets where one can read, watch or listen to news no longer have independence to be aired as they have been either blocked or shutdown. Hundreds of companies have pulled out of Russia in protest as a result of the invasion in Ukraine. Russia meanwhile believe that this attack is not a war; rather a necessary operation designed to fight Nazis, Ultra nationalists and bring about peace and liberation ( what a funny way to go about it, if you ask me). Although the Russian economy has not collapsed under the onslaught of sanctions, but the world's largest country is now unable to import many of the goods it once did including high-tech semi conductors. The EU's oil embargo alone is expected to cost Moscow billions of dollars in lost export revenue. Do they have a backup plan or is this economic suicide?? https://www.bbc.com/news/live/world-europe-61656289We are currently only 3 months into this war of aggression waged by Russia - which only happened because Putin fears getting overthrown like the last Russia-sponsored tsar of Ukraine. He is also trying to carve out an extra bit of his legacy, since Russia has stood still in the 20+ years of his rule and been gutted by the corruption his system of government breeds. Besides oil and gas, which are simply extracting resources from the earth, there is very little productive coming from that country unfortunately - it is full of people who have the potential of any other country, but they are handicapped by the criminality that runs from the very top of government. Oil and gas can keep it sustained in the short term, but since those energy resources have been weaponized and used to threaten Europe, it is seen as an unreliable source which needs cutting off - this will take time but that revenue source will drop as other countries step in to buy it at much lower prices. Only recently have western companies decided to pull out entirely, most had suspended operations and still paid staff, that is starting to end and hundreds of thousands, if not millions, of jobs are going to evaporate. |
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During the first two years of the coronavirus pandemic, a new billionaire was minted every 30 hours, according to a new report by Oxfam International. The report, called “Profiting from Pain”, highlights how the pandemic rapidly widened the gap between the world’s richest and poorest - with 573 of the world’s richest people becoming billionaires during that time. Meanwhile, the pandemic has created new pharmaceutical billionaires, profiting from the monopolies their companies hold over vaccines, treatments, tests, and personal protective equipment, the report said. “As billionaires gather in Davos, Switzerland, in person for the first time in over two years, they have a lot to celebrate. During the COVID-19 pandemic their mountain of wealth has reached unprecedented and dizzying heights. The pandemic – full of sorrow and disruption for most of humanity – has been one of the best times in recorded history for the billionaire class,” read the report. The chart unveils four key points: https://blogs.imf.org/2021/11/09/the-unequal-covid-saving-and-wealth-surge/-The overall increase in net wealth, in percent of disposable income, was considerably larger during the pandemic (between the end of 2019 and the second quarter of 2021) than during normal times (between the end of 2014 and end of 2019). -It was driven mainly by valuation changes (due to booming equity and housing prices) as well as, to some extent, by the “COVID saving surge” (with a jump in “other assets,” including bank deposits). -This overall increase in net wealth was also unevenly distributed, with much of it accruing to people at the top of the distribution. Indeed, the equity price boom mostly benefitted the rich, while lockdowns more heavily affected spending on dining and travel, which make a larger part of wealthier households’ consumption habits. Additionally, government support, in the form of direct stimulus or support to firms, also benefitted the saving of wealthier households compared to poorer households that were more likely to spend the extra cash. -At the same time, the distribution of wealth across groups did not change much, as the increases in net wealth were relatively in line with the pre-pandemic shares in the wealth distribution. In 2022, it is expected that millions of people with fall into extreme poverty every 33 hours. According to the report, 263 million people are predicted to fall into extreme poverty this year, citing the cost of living crisis as one of the many driving factors. While the billionaires who control these assets are set to profit even more, Oxfam warns hundreds of millions could be priced out of staying alive. Oxfam International’s investigations also concluded that 2,668 billionaires own $12.7 trillion (€11.91 trillion) of the planet’s wealth, with the world’s 10 richest men owning more than the poorest 3.1 billion people on earth. The report highlighted key industries which are thriving throughout the cost of living crisis. For instance, whilst global food prices have spiralled 33.6 per cent in the last year, global food giant Cargill has increased their wealth by $14.4 billion (€13.49 billion), 65 per cent since 2020. https://www.euronews.com/next/2022/05/25/covid-created-a-new-billionaire-every-30-hours-while-many-face-extreme-poverty-report-saysOne thing that many people still don't fully comprehend is how wealth generates way more wealth. If you're living paycheck to paycheck, or are barely able to add to your savings every month on a regular salaried job, the best you might be hoping for is home ownership which is fully paid off by retirement to become your nest egg. However once you reach a certain level of wealth, the money they hold on assets like company stocks will pay them out a regular dividend (i.e. a share of company profits) which is often automatically reinvested or can be used to sustain a lifestyle without ever breaking that initial capital. Their money buys further income while most people will never have that level of freedom. |
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i got a $60 bet from the predictions in this thread, i made a small game with my friend and i listened to the predictions of bitcointalk users. until i got the game.hehe thanks i like to read Premier League Prediction Thread 2021/2022 thread here => https://bitcointalk.org/index.php?topic=5271157.0and i also like to read other threads on this board, i feel entertained and have an idea about any sport. how about you, since getting to know the gambling thread or getting to know the bitcointalk forum? These sort of boards are great for identifying special offers and if you get a consensus on a bet from regular observers then it is probably better than making a wild guess yourself. It's possible to make a sizable chunk of money from promotions, but half the battle is identifying where and when they are running, because the window to pick them up is usually quite small - here you have a wide selection of people tuned into every casino and sportsbook going. You need to be careful though as there are many people who act like they are knowledgeable but end up being consistent losers, so track the people who make accurate predictions if you want to do it long term. |
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This was published in 2021 in the official EU portal: https://ec.europa.eu/commission/presscorner/detail/es/ip_21_2685Today, the European Commission is presenting to the Council its outline for a comprehensive plan of economic support to a future democratic Belarus. The plan, of up to €3 billion, reflects the European Union's commitment to support the Belarusian people's wishes for a peaceful democratic transition in the country following the Presidential elections of August 2020, which were neither free nor fair.
Once Belarus embarks on a democratic transition, the EU will activate the €3 billion package, a mix of grants and loans leveraging public and private investments, to help Belarus to stabilise its economy, reform its institutions to make them more democratic and help increase the economy's resilience, growth potential and job creation. Just to put it in context, Belarus has 9 million habitants. This investment would be very significant. Is the opportunity gone? Lukashenko has shown that, while having the RF as largest commercial partner at the moment, the EU may be the future. It may catch you as a surprise but there are actual EU funded projects ongoing. https://euprojects.byDo you think the support to the Russian cause will cause these aids to cease? Is the relationship broken forever? Lukashenko is cut from the same cloth as Putin and was actually trying to position himself to take over from Yeltsin before Putin got a grip on power. Once these two greedy and selfish old men run out of time it will free an opportunity up a small window of opportunity for these countries yet again. Unfortunately these windows often get seized by the next dictator instead of offering a chance for democracy and innovation to thrive. |
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I have a friend who invests in cryptocurrency like me, he is an investor hold Luna and he has also lost quite a bit because of Luna. But what's more sad is his 2 best friends. Those two are also hold a lot of Luna's and Luna's crash causes them to lose all their possessions and become insane. As he said, one person has gone through the crisis and one has not. Those two guys who invested in Luna were all from my friend's advice. He said it was he who indirectly harmed them, money can be earned, but his friend are gone.
This is a sad story that I have heard. Through this story I want everyone to know 1 golden rule in investing is: never give financial advice to anyone. By the time you give them financial advice, you may feel like you're one step ahead of them, but if that advice is wrong, you could be the one hurting them.
Ironically the advice you came up with is pretty poor financial advice. If you want to give financial advice you need to look far beyond the realm of cryptocurrency to stick with the tried and tested method that has done well over many decades, not just two. Your money is safest and will grow at a reasonable rate within a globally diversified fund which has absolute bare minimum additional fees. Vanguard has traditionally pioneered this method, where you buy into a fund which is receiving dividend payments or growth in the share price from all those companies and reinvesting it for the benefit of all shareholders while small amounts are allocated to transaction / management fees - a very passive method of investing that lets the market decide. You get a very safe and average return instead of chasing ridiculous growth rates which more often than not fail. |
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Serious question I am not anti Bitcoin do not get the wrong impression and I have grown a deep hatred for our fiat system that is exploitative and ill natured. When we compare Bitcoin to fiat there are a couple of differences which I think could impact us in the future: 1. Bitcoin's will become more tainted over time 2. This pushes governments to become concerned and impose more KYC requirements 3. Eventually most Bitcoin will be tainted to a degree. If we look at this research concluded by economist Rogoff[1]: Rogoff’s estimate of the share of currency held by consumers for legitimate purposes is even more suspect. He relies on surveys of consumers, who report holding 5 to 10 percent of all outstanding currency. Then, by assuming that any cash that the surveyed consumers do not fess up to holding must be held for nefarious purposes, he concludes that 34 to 39 percent of all currency in circulation is used by criminals.
34-39% in fiat currency is a huge of money. Bitcoin is further limited by its cap of 21 million which means that if Bitcoin becomes the mainstream currency used by everyone the share of tainted money would be higher because of the cap with fiat more money is printed in the fiat currency which reduces this amount. We already know that governments require anti-money laundering evidence for many transactions outside of cryptocurrencies such as buying a house requires proof that the money was earned legally and not through illegal activities. Exchanging money on exchanges requires identity which they probably look at your salary reported by the government. We have seen that in the last couple of years governments have started to require KYC more, and I believe that as the share of tainted money increases, government regulation and intervention will also increase. I am not saying it is a problem of Bitcoin because I think it is unfair and most of us have probably touched money that has been used in criminal activities without knowing it. That is the nature of cash but cash cannot be tracked as easily. Blockchain works against us in this way, providing an easy way to discover tainted coins. The government could use this as propaganda if it wanted to and convince people that cryptocurrencies are bad because a good portion of them are used in criminal activities but not just this because they can prove it and further convince others that btc is "bad". How do we prevent this type of propaganda attack or invasion of privacy? [1] source: https://www.independent.org/publications/tir/article.asp?id=1289I think that Bitcoin has several pitfalls or disadvantages at the moment, which might be eliminated over time or fixed it a different type of cryptocurrency. Transparency is possibly the best thing that Bitcoin has going for it now and can actually be used to the advantage of governments if all the input / outputs of the system are properly governed. It's similar to saying are dollar notes tarnished because they are used by criminals or maybe for snorting cocaine? All the previous uses of the coins may be coordinated and tracked, which is what governments like having access to with conventional banks, but that doesn't necessarily tarnish the current owner of those coins - they might be required to account for the source if they are identified though. |
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Gambling have brought me big wins as well as drastic losses. If my entire statistics is calculated this used to be in loss. I've tried different plans to keep me away from Gambling, however I wasn't able to do it. In the beginning I never mind when I experience loss, because I was single and now I have a family. I used to gamble without fear. In recent days whenever I get into gambling I used to experience some changes in my body. Particularly stomach pain and I myself found the difference while gambling and not gambling. When I wasn't gambling I never have such issues and I myself checked Google and diagnosed the below. Does anyone have similar experience. Atleast for my health I need to give up gambling. Irritable bowel syndromeAlso called: IBS, spastic colon People may experience:Pain areas: in the abdomen Pain types: can be recurrent in the abdomen Gastrointestinal: change in bowel habits, constipation, diarrhoea, inability to empty bowels, indigestion, nausea, passing excessive amounts of gas, or urgent need to defecate Abdominal: cramping or discomfort Also common: anxiety, depression, discomfort, loss of appetite, or symptoms alleviated by defecation GoogleBesides the habit and addiction forming behaviors that change the brain - which can take at little as 10 days to set in through repeated exposure. I'd say the next most dangerous element could be the increased blood pressure and adrenaline interactions that can take place when people pick up wins or build up aggression due to losing. Losing can trigger all sorts of irrational and anger driven responses in people, who might decide to take it away from the casino game. If anger has built up a lot, it has lots of troubling affects on the body like restricting blood flow and causing the heart to work harder, beyond that releasing the anger can often be directed at other people or objects if it's uncontrolled. |
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They say russian imports are down 50%. While russian exports are up 64%. Therefore russia's GDP will suffer a collapse of 30% by the end of 2022.
As far as I know russia's food production has risen annually which has decreased demand for food imports. Russia's imports should fall naturally as it seeks to become more independent under sanctions. Russia has lived under economic sanctions for so many years I don't know what sanctions they propose to impose on them that have not already been done.
Russia exporting more than it imports may also represent the opposite of a trade deficit. Which could be a good arrangement depending on who you ask.
China and germany being named as russia's largest trading partners is another surprise considering natural gas and oil exports to the EU have typically been named as the route to crashing russia's economy.
Do you ever post anything besides Russian propaganda? It might be easy to think this is your full time paid job, putting on an image and trying to counteract the huge damage that Russia has done to the world by launching the biggest war in Europe since the end of World War 2. It's one thing to post occasional good news about different countries, but it is clear you have a tunnel vision mindset of "Post Russia Good, Post America Bad" when this is meant to be a forum about all sorts of economic related news. Imports are down because nobody wants to sell to Russia anymore, not out of Russian choice, as Putin has caused untold suffering to many innocent people - Ukrainians and Russians alike. You are representing exports falsely as it is purely based on the increase FROM BELOW ZERO of the price of oil during Covid, yet again misleading what is really happening in this situation. Oil and gas are propping up this delusion but require no real skills beyond extraction. A free and civilized country engages in all sorts of other productive business pursuits which drive forward innovation. |
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.... Someone said russia is headed towards ruin and being outperformed by the united states economy. At the moment, the russian ruble is up 11% versus the US dollar and rated the #1 performing currency of the year. Meanwhile in the united states retailers are bracing for bad earnings reports due to inflation: https://www.reuters.com/business/wall-st-week-ahead-retailers-set-earnings-stage-after-inflation-sparked-market-2021-05-14/Evidence appears to suggest the US economy is weakening while the russian economy and its native currency is becoming stronger. Where does this idea some have that russia's economy is doing poorly come from? It is an illusion, Putin wanted the rouble to be propped up after it collapsed but as always this has unintended consequences - the central bank of Russia is dropping interest rates because a strong rouble means it buys less foreign currency. There are currency controls in place preventing free market corrections, foreign companies who want to escape are currently tied in from selling any assets at the best price (which is why ridiculous nationalisation plans are being drawn up). All of these are the actions of incredibly weak and short sighted politicians. While it may generate huge sums from selling energy and have a nice reserve of funds, it is still a basketcase economy. This is what happens when corruption infects every part of a society and people do not have the structures around them that encourage innovative thoughts. It will survive in the short to medium term being economically isolated, but it has the potential to be so much greater if it had a better government. The graph you posted effectively tracks the price of oil movements over the same timeframe - if the rest of the world fell into recession, the price of oil dropped, then Russia's undiversified economy would suffer among the worst. |
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Here is the article: https://www.irishexaminer.com/news/courtandcrime/arid-40875731.html Apparently Boyle Sports manipulated a man is a very sad way where he ended up loosing all the money he scammed from a family member. The man had probelms with Gambling and he tried to stop by closing the account on the website and at the end of the day they saw him stopping but kept sending him mails and at the same time, they apparently sent him a 50$ free betting which at the end ending up to be awful for him since he started it again and ended up loosing all the fortune. The whole things is extremely complex like Some Sherlock Holmes story. The person was not infact gullible since to fuel his gambling addiction he scammed his family member and then went to court and pleaded guilty as well blamed it all on the Boyle Sports. What do you think who was in the wrong ? I think both the bettor and the Boyle Sports were in the wrong. It was established that the two accounts, to which the payments totalling €56,000 were made, were a personal bank account and a Boyle Sports account, both in Thomas O’Connell’s name. The payments varied from €100 to €1000 and averaged at just over €200.
“Contact was almost on a daily basis – sometimes a couple of times on a particular day. He admitted that he took €56,000 and impersonated (the solicitor),” Det. Garda Fuller said. O’Connell was actually a client of the solicitor he impersonated. The defendant had a gambling and alcohol addiction.
The phone calls and texts – supposedly from the solicitor - to the victim were a work of fiction by 48-year-old Thomas O’Connell who did not stop until he got his hands on every euro of the €56,000 the victim had inherited. I think that the lack of working self exclusion with Boyle sports needs to be addressed, maybe by an official regulator who properly tests these things. They're certainly quick enough to restrict your account if you win money from them, that's for sure. However that does not condone the criminal actions of this person who effectively committed fraud in order to play a game. Having a gambling addiction does not automatically mean you steal from others, so separate that right out. |
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I and many of my friends have our own mantra before and after we gamble, I just discovered this when we have a drinking session we find out that many of us have our own mantra before, while playing and after or even in the middle of playing.
Mine was "This is my lucky day and I'm claiming it" and when in the middle of the game "I need to play money that I can afford to lose".
How about you do you have one and when do you recite it before, while playing or after you gamble.
You've already lost if you think you have any ability to control or claim luck like you say. One of the worst mistakes gamblers tend to make is assuming that any of their prior actions when gambling have an impact on their future winnings. To the casino, every single time you have a go on a slot or predefined game like that, you're starting from fresh with the odds associated with that - aka you are destined to lose all your money given enough time in the game. Many gamblers like to trick themselves after pouring huge amounts of money into a game that it somehow owes them or that the next spin will pay it all back, learning to control yourself mentally is one of the best steps in preparation for gambling. |
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During World War II the world's major powers were bombed back to the stone age. With the exception of two nations. Russia and the united states. This set the stage for america and russia to emerge as the world's dominant superpowers leading into the cold war, korean war and vietnam war which followed.
Both the USSR and USA enjoyed the luxury of surviving World War II with their territories and economies largely intact. Profiting handsomely by loaning capital to other nations to rebuild. While the rest of the world toiled under debt and reconstruction efforts.
Looking at the current era a similar trend could emerge. America, the european union and china all carry large ratios of debt to GDP close to 100%. Russia's debt to GDP ratio is by far the smallest of any major power at around 20%. If a major recession hit global markets a case could be made for russia's government and economy being best structured to weather it. Russia is one of the most self sufficient nations in terms of raw materials, food and energy production. Russia also has many other world powers reliant and dependent on them for natural gas and other resources.
Long story short russia has many advantages over the USA, EU and china if an economic crisis hits.
If global markets are devastated by a crisis, russia is (in my opinion) the number #1 prospect to emerge as the next dominant superpower.
To avoid this, I think the united states would do well to keep its economy strong. As a hedge against russian encroachment. There isn't much alternative deterrent.
While russia's invasion of ukraine has stalled. Russia isn't trying very hard. They don't have to. They simply have to wait for the next big economic crisis when free money and support thrown at ukraine can no longer be funded. Then resistance may well crumble.
The best deterrent against invasion and war may be a strong economy with enough liquidity to make invasion too high priced too consider. Our current era with high deficits and weak economies could be interpreted as an open invitation for ambitious regimes like russia to invade us.
On the plus side if russia is the next dominant superpower they may be bitcoin friendly. At least that would be one positive thing we might look forward to in the horror show that could be the future.
You conveniently skip over the fact that this economic juggernaut that you describe had an economy on the scale of Italy before this war began and had a population of twice the size. Russia is a cesspit that has been hobbled by it's leaders for decades, if not centuries and the average person their has been unable to change it in all that time. The last major source of income to Russia, what has been propping it up for so long thanks to its huge land mass and little care for the environment, is the oil & gas it's able to extract (thanks to technology from other countries). Europe, the customer willing to pay far higher prices than anyone else, is working to cut those supplies to zero as soon as possible and considering the war in Ukraine (which can be fought for many years) is depleting $1 billion from Russia per day - it will soon be unable to continue funding it and everything else will collapse. Hopefully then Putin will be finished and a new opportunity for freedom can arise. |
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Thailand's move to exempt crypto transfers through government-approved exchanges is pretty interesting.
The government's goal is to promote cryptocurrency trade on authorized exchanges (approved and regulated by SEC).
However, this is just temporary. The tax exemption will eventually stop on Dec. 31, 2023.
I see what's happening here...
They fail to encourage traders to prefer authorized exchanges since there are cheaper alternatives. The problem is digital asset operators see this as an opportunity to provide services outside the government's surveillance and control.
It's a good thing because:
1. Government already fully acknowledges crypto trading. No more resistance.
2. They want to create a more secure environment for crypto investors. Better security = Higher confidence = More investors.
3. They don't want to control the blockchain--they can't. They only want to regulate transactions to protect investors from losing money. Of course, they want the government to make a little bit of profit, too. (As long as that profit--tax--benefits the people, that's fine)
Overall, this is good for the crypto space.
Hmm, it looks like a kind of amnesty rather than anything else and drawing business through government controlled exchanges is a nice perk to help them get established with the local audience. They could offer all sorts of favorable perks later on if they are able to grow their customer base wide enough. However the real impetus is drawing in funds held by the citizens of Thailand without charging them the heavier taxes that might be liable through third party exchanges. Those third party exchanges are clearly not sharing information with the government and this enables the government to source some information on people who are using cryptocurrency to better monitor them in future, so beware any longer term issues if you are based in Thailand and earning from elsewhere. |
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Get Money - Save money - Invest money.
Follow the cycle and don't stop half way.
Get Money- Popular opinion is that you need money to get money, any contrary opinion?
Once you have started getting money the next objective should be how to get more.
Save money- To save money is good, another popular opinion to support this is that , the money you save today will save you tomorrow.
The problem however results when you just keep saving money pointlessly without any plans on how what to do with it, The worse of all is saving money in fiat banks, that money will loose value in no time at all.
Invest money- This for me is the last stage in the cycle that creates more money for you to be able to get more money. More money betters ones opportunities.
Follow the cycle, don't stop halfway at saving money.
Surprisingly a lot of people struggle on the first couple and rarely make it to the third one, except for maybe buying a property or accruing a pension. So many people around the world are in a type of lifestyle that lives from paycheck to paycheck, even if they're not buying junk and are able to set aside even a small amount on a regular basis, it can be hard psychologically to build the mindset of saving money. Once you get through that barrier, it is a whole other level of learning to be able to invest effectively, but sticking with a global index fund that covers as many of the big companies as possible with the lowest fees can really help build your pot up for retirement and you may even get there early. |
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