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2601  Economy / Economics / Re: US could run out of cash as soon as Dec. 15, Janet Yellen warns on: February 07, 2022, 05:35:57 PM
I think this news is a bit unnecessarily alarmist. Whenever the US government starts facing a cash crises they always find a way to pawn off the debt in complicated ways. I think they will just print more money, therefore dropping the value of the USD via inflation and the ones who will have to foot the bill will be the citizens of the US. That way the dollar amount debt they owe stays the same but loses value at the same time.

And bread and milk at the supermarket rises in price, the unemployment rate up down because the companies can't handle the inflation without firing people and now you have more people on the streets.

Read this: https://www.voanews.com/a/us-national-debt-tops-30-trillion-for-first-time-in-history-/6424498.html

According to this source US national debt tops 30 trillion for the first time in history!

For the first time since World War II in 1946, the United States was indebted to such a large amount. Which is a matter of considerable concern.

So, still you think the news is unnecessarily alarmist. You should read the whole news from this source before you think so.


The government can run out of money because of the debt of such a large amount. And printing more money would not be able to save them.
Prior to the outbreak of the corona virus, the country was already in debt and the COVID spread and the economy began to collapse in a lockdown.
And that's why so many people in the United States are out of work. And the United States has to borrow more to cover the deficit.
According to the US Department of Revenue, from January 2021 to January 2022, government debt increased to $7 trillion.

In this regard, Janet Yellen's statement seems to be correct.
2602  Economy / Economics / Re: What If? on: February 07, 2022, 03:38:25 PM
In my opinion this is possible, but not very likely. It would mean the escalation of the currency war and be bad for international trade. It would likely mean negative impacts on all the big economies. You are right that many countries are against the dominate position of the US Dollar and would like to change that. The problem is that all the countries would need to agree on a new currency to settle all the international trade. Both China and Russia would probably only agree if their own currency becomes the new world currency to be used. As for the smaller countries like Iran, they would probably ask for some monetary benefits to be part in the new system. The US Dollar is losing power every year, but to completely replace it it seems to early. Maybe an independent crypto currency could be the solution and a compromise for all countries.
We have seen Europe getting together and building euro, and they are all using that right now so we could say that it is not impossible. If places like China and Russia get together and create a new currency, even if just those two, I am sure that they will convince some other nations as well, not a lot, not as powerful as USA or Europe, but at least it would be a good start. Just imagine only Russia and China using the same currency, that alone is scary though for Europe and definitely for the USA.

This is why it would be wiser move from them but they are too nationalistic to do something like that, both will want their own currency to be accepted by the other nation.

I think, the United States will no longer be able to exercise arbitrariness if Russia unites with other countries, including China, which are proven Anti-US.
In various cases, we have seen the dominant action of the United States.
  • Buying Russian-made weapons could lead to sanctions
  • US imposes sanctions on RAB
  • Repeated sanctions on Russia

Seeing all this, it is clear that the United States is claiming all services.
But if its opponents unite and protest, especially if Russia forms an alliance with a commercially powerful country like China.
And if they stop accepting US dollars, then the United States will be in a state of disarray.

And yes, we've seen countries in Europe come together to form the eurozone and use the euro as a single currency.
So, it is hoped that Russia, China, and other Anti-US countries will come together to bring about a major change in the world.
2603  Economy / Economics / Re: Is it just me or people are out of liquidity ( money ) ? on: February 07, 2022, 03:03:35 PM
Is it just me or people are out of liquidity ( money ) ?

From what i see : market , malls etc no people,or if they buy something...they buy basic stuff... in my area ...slow biz ...same in your country ?
For what I can tell where I live there was a small decrease in the economic activity but nothing too serious, after all we need to remember that a lot of people were not prepared for the pandemic and they needed to change their priorities when it comes to money, and in many cases money is still tight even at the moment.

Still I think that things have improved since the worst of the pandemic seems to have passed already, however different regions will be affected differently depending on how  much the businesses on the area were affected and if people lost their jobs or not, so maybe what you are seeing is not really a reflection of what is happening in your country and it is happening only at the region where you live.

I don't know what is going on Romania. But if I talk about middle-income countries like Vietnam, India, I've visited there....

They are suffering from a very serious problem due to the pandemic situation. A large part of people have lost their jobs. The price of the commodity is so high that all but a few rich people are able to afford them end the rest are struggling to make ends meet. No one has money. Another problem is that producers are failing to get the right price for their products because the brokerage class is taking advantage of their ignorance.

The job has become a golden deer. Even after getting adequate education, the youth are not getting jobs. The frustration of unemployment surrounds them.

Rich people are getting richer day by day and poor marginalized people are getting poorer day by day.
2604  Economy / Economics / Re: i was right people have no more money on: February 07, 2022, 02:17:33 PM
I am sorry but life is getting worse for all of us. In return there are people with networth that reached 300+ billion dollars. While those people get richer, they are taking our money, and corruption is also another reason for it.
Thats the reality. Poor people are getting poorer, it seems there's no way out. Even you're a hard worker and earning enough money, the hindrance to live comfortably is the inflation.

Everything is turning up while the salary of the workers remain the same, its a problem that even the government cant resolved. On the other side, rich people are not affected on this problem because even everything went up they can still afford it.

Thus, nowadays having more than one job is much better if you want to be financially stable.

@lienfaye, that's what exactly I told before. Rich people are getting richer day by day while those who are poor are not able to improve their standard of living even after hundreds of attempts.

This is not to say that people do not have money in their hands, but it should be said that some people are getting richer day by day by hoarding money and resources but a large section of the population is struggling to maintain their daily life.

Corruption has bound everyone. Everyone is preoccupied with their own interests. Nobody cares about others. The main goal of those who have enough money is to grab more money.
Commodity prices are also rising, but those who are producing these products are not able to make a profit. Not getting the right price, Brokers are taking advantage.

In countries like India and Bangladesh, it is difficult to get a job despite having enough educational qualifications. As a result, the youth society fell into despair.

If it continues like this, the world will soon face a terrible problem, you know!
2605  Economy / Gambling discussion / Re: Eredivisie 21/22 - discussion thread on: February 07, 2022, 09:30:04 AM
PSV has lost two matches in a row. And they have lost 5 matches this season. So now they are 5 points behind Ajax. Ajax is consistently performing well. And they are the contenders for the title this season. They have scored 64 goals in 21 matches. On average, they has scored more than 3 goals in each match. PSV has scored 49 goals in 21matches. PSV is not playing badly, but Ajax's performance is much better than PSV's this season.
2606  Economy / Gambling discussion / Re: Italian League Prediction Thread (Serie A) on: February 07, 2022, 09:24:24 AM
The battle to qualify for the Champions League in Serie A has intensified. The points gap between the teams is very small. With the Atlanta team losing form recently, their place in the top 4 of the points table is now uncertain. Atlanta has scored only 6 points in the last 6 matches. Their main rival Juventus has managed to score 14 points in the last 6 matches. Atlanta managed to get 6 points less than Juventus.
Roma, however, wants to qualify for the Champions League. But they are still 6 points behind Juventus. Their performance is not consistent. Because of this I think they may not be in the top 4 of the table.
Mathematically Atalanta points will equal to Juventus if they win on postponed match against Torino but if they lost then Atalanta position will remain in position 5 or maybe will lower than that position and compare between the teams who are in positions 4 to 7 in the standings Juventus has a stable performance so in my view Juventus chance is open wide to finish at champion league zone this season

Mathematically maybe Atalanta are still 1 point ahead of Juventus if they win against Torino. However, the fact is that Juventus' performance is now stable. They are still the most consistent team in Serie A as a team. Atalanta, on the other hand, is not in form. They are consistently losing points. Their gameplay is very bad now. So I still want to keep the Juventus team ahead.
2607  Economy / Gambling discussion / Re: Germany League - Bundesliga Prediction Thread on: February 07, 2022, 06:54:26 AM
Damn , what a disaster happend there in Dortmund !
I guess that wasnt because Haaland and Hummels havnt played , very disappointing what i have seen in the review what they have played against Leverkusen.
At least Wolfsburg have done some progress and have won against Greuther Fürth , fingers crossed they keeping that now and getting better.
Bad weekend for the most of my bets  Tongue
Unexpectedly Dortmund had to accept a fairly heavy defeat with a score of 2-5 from Bayern Leverkusen and this was a fairly heavy defeat this season for Dortmund. I think the line-up in the absence of Haaland could be one of the reasons why Dortmund had to accept the defeat with a fairly heavy score. This defeat made Dortmund even more points away from Bayern, who was in first position with a difference of 9 points.

Dortmund's performance may have deteriorated somewhat due to Haaland's absence. But Haaland's absence was not the main reason for their embarrassing defeat. Dortmund's entire gameplay was unplanned. I don't understand how the gameplay of a team hoping for such a title can suddenly get so bad. Their gameplay began to deteriorate after Dortmund trailed 2-1. Players lose interest in attacking. I didn't see any strong attacks from Dortmund's players in the first half.
2608  Economy / Gambling discussion / Re: Italian League Prediction Thread (Serie A) on: February 07, 2022, 06:45:35 AM
The battle to qualify for the Champions League in Serie A has intensified. The points gap between the teams is very small. With the Atlanta team losing form recently, their place in the top 4 of the points table is now uncertain. Atlanta has scored only 6 points in the last 6 matches. Their main rival Juventus has managed to score 14 points in the last 6 matches. Atlanta managed to get 6 points less than Juventus.
Roma, however, wants to qualify for the Champions League. But they are still 6 points behind Juventus. Their performance is not consistent. Because of this I think they may not be in the top 4 of the table.
2609  Economy / Gambling discussion / Re: La Liga (Spanish League) Prediction Thread 2020/21 on: February 07, 2022, 06:37:44 AM
Although Real Madrid beat Granada 1-0, they had a hard time scoring goals. Granada is one of the weakest defense teams in La Liga. If it is difficult to score against them, it is easy to assume that the Real Madrid forward was not strong in this match. Real Madrid has made a total of 24 shots. Even after making so many shots, they managed to score only one goal. So I would say Isco, Rodrygo and Asensio are not experienced enough yet. After Benzema's retirement, Real Madrid will need an experienced striker.
2610  Other / Politics & Society / Re: Is religion necessary for humans? on: February 07, 2022, 06:08:27 AM
With the kind of news we usually get from our society daily , how terrible things are happening. I think this time religion  is very necessary,  because of the young  ones who are coming up  they can get good teaching & ethics from various religious places they belong to.
Right now the society needs religious teaching  to correct wrong doings that are happening. Religion is not just about worship but practicing of good lifestyle and ethics,  I think religion is important to humans.
But why is Africa so religious but full of rituals? I have heard of many cases of blood rituals in Africa. Religion can help shape the behavior of some people but life and poverty had turned some people into blood seeking humans. Also in religion, someone needs to be very careful because those that you think are good can be the bad people, we must be careful.

I will not say that you do not practice any religion.
of course, you will but with a pure mind.
But now there is a situation where people use religion or people are involved in evil deeds for the sake of religion.

If we check the comments on social media the pictures of celebrities, we will see a lot of hate comments in bad language but if you enter his profile, you will see that he is very religious.

In many countries, religions lead the support human life sacrifice!! These rules never bring purity in the mind of man but rather awaken his inner bestiality.

It is good to follow a religion but bigotry brings disaster.
2611  Economy / Gambling discussion / Re: Italian League Prediction Thread (Serie A) on: February 06, 2022, 07:53:20 PM
1. Inter - 53 pts
2. Napoli - 52 pts
3. Milan - 52 pts
The battle for the Serie A title is becoming more and more competitive. This is because Inter Milan lost points against AC Milan. Now Inter Milan is 1 point ahead of Napoli and AC Milan. However, Inter Milan has scored 53 points in 23 matches. On the other hand, Napoli and AC Milan have scored 52 points in 24 matches. Inter Milan is still far ahead. Inter Milan have the best chance of winning the title if they can maintain consistency.
Inter could profited more by Milan's failure in the previous game and was able to make the gap bigger in this one which didn't happen. I agree that things are getting intense over there between these clubs. Napoli vs Inter next will be very interesting to follow and see how the table will change.
Meanwhile Atalanta lost vs Cagliari and Juve has the opportunity to pass it even temporarily.

Inter's next match is against Napoli. If Napoli are able to win then syrup win will be more challenging for Inter Milan. If Napoli win, they will be able to occupy the top spot in the table. However, I would say that if Inter Milan wins this match, Napoli will be knocked out of the title fight. And if the match is a draw then AC Milan will benefit the most.
2612  Economy / Gambling discussion / Re: Africa Football Discussion Thread || Current discussion: AFCON - Finals. on: February 06, 2022, 07:49:31 PM
Senegal vs Egypt's final match ended in the first half, but no team has yet scored. Senegal got a penalty chance but Sadio Mane failed to score from the penalty spot. They missed the opportunity. Now I think Egypt will win the title. Both teams played defensively in the first half. I expected Egypt to play defensively. But I wanted to see some attacks from Senegal. But Senegal is also playing defensive tactics today. I would be happy if both teams try to score in the second half.
2613  Economy / Gambling discussion / Re: La Liga (Spanish League) Prediction Thread 2020/21 on: February 06, 2022, 07:44:03 PM
Vinicius and Benzema are not in Real Madrid's starting XI today. Can we see the expected performance from the Real Madrid team today? I don't think so. We have seen the poor performance of Real Madrid against Elche and Athletic Bilbao in the previous two matches. Real Madrid drew with a weaker team like Elche. And Real Madir lost to Athletic Bilbao. Granada is not a weak opponent. Without Vinicius and Benzema, it will not be easy to defeat an opponent like Granada.
Granada isn't at its top performance this season. Compared to the previous one, this match would be very difficult for Real Madrid. This season it might be easier, yet, they should not underestimate their opponent. Barca seems to recover and getting closer. Sevilla dropped 2 points. It is the best opportunity to run away from the others with 6 points.

I hope you have seen Real Madrid's performance against Elche. Elche was not a strong team. And I would say that Real Madrid were able to share the points against Elche because their luck was very good. Real Madrid do the first goal in the 82nd minute and was able to do 2nd goal after 90 minutes. While Granada is not in good form, it is not an easy match for Real Madrid. Because the main two players of their team will not be in the squad.
2614  Economy / Gambling discussion / Re: Germany League - Bundesliga Prediction Thread on: February 06, 2022, 07:39:37 PM
Wolfsburg     4-1    Greuther Furth

After a long time we saw the Wolfsburg team to win a match. Probably after 9 matches, they have won one match in Bundesliga. Wolfsburg's performance against Greuther Furth in today's match was remarkable. The first half was a 1-1 draw. Then I think Wolfsburg may not be able to get full points in today's match. But in the second half they surprised everyone by scoring 3 goals. Hopefully, they will be able to maintain this winning streak.
2615  Economy / Gambling discussion / Re: Premier League Prediction Thread 2021/2022 on: February 06, 2022, 07:33:45 PM
I'm curious about the Tottenham - Southampton game this week too. Tottenham have been performing really well since Conte came here. Their Premier League performance has been amazing till the Chelsea game. Maybe they lost that game in Stamford Bridge but this shouldn't cause them to be unhappy very much. They should focus on their coming games and Southampton are really tough to beat. They are an unpredictable team and they proved it against Manchester City not much time ago too. But I still think that Tottenham will win as long as they stay focused.

If we compare Tottenham's and Southampton's recent performances, Tottenham will surely move on. And as you said, Tottenham are now playing great in collaboration with Conte. Their two main strikers Son and Harry Kane are back in form, so Tottenham have no problem scoring now.
Tottenham's past record against Southampton is very good. Southampton have not won any match against Tottenham in the last five games. So I hope Tottenham win the next match.
2616  Economy / Gambling discussion / Re: La Liga (Spanish League) Prediction Thread 2020/21 on: February 06, 2022, 07:29:18 PM
Vinicius and Benzema are not in Real Madrid's starting XI today. Can we see the expected performance from the Real Madrid team today? I don't think so. We have seen the poor performance of Real Madrid against Elche and Athletic Bilbao in the previous two matches. Real Madrid drew with a weaker team like Elche. And Real Madir lost to Athletic Bilbao. Granada is not a weak opponent. Without Vinicius and Benzema, it will not be easy to defeat an opponent like Granada.
2617  Economy / Gambling discussion / Re: French Soccer League Predictions and Discussion Thread (Ligue 1) on: February 06, 2022, 07:24:49 PM
It was not highly expected for me to see Monaco winning this comfortable against Lyon yesterday. They finished their job already in the first half by scoring both goals. Ben Yedder had a great day by scoring a goal and making an assist. I was expecting Lyon to play more competitive and actually they found so many chances too. They got 19 shots and 5 of them were on goal too. But none of these resulted in even one goal. Monaco still maintained their great performance in their home games.

The dominance of Lyon's players was noticeable throughout the entire match. Ball possession Lyon 64% and Monaco 36%. Moreover, Lyon's team has attacked a lot than Monaco. Lyon made a total of 19 shots, while Monaco made 10. Monaco has made less shots than Lyon but their every attack was strong. Monaco was able to make 6 on-target shots, while Lyon did 5. I would be happy if Lyon was able to draw the match.
2618  Other / Politics & Society / Re: Can supplements be bad for you? on: February 06, 2022, 05:04:44 PM
I have heard since childhood that supplementary food vegetables are good for our body. And in various countries parents always try to feed their baby vegetables and nutrition containing food. But various studies have shown that many supplements contain a number of harmful ingredients that will do more harm than good.

Eating too many supplements can lead to death.
 
Let me give you an example, My father has always been a health-conscious person. He never took any food that contain too much oil and spice and always tries to eat vegetables and vitamin-containing food. But even after doing so much maintenance, my father became ill and various problems appeared in his body. Then I found out from the doctor that some supplementary food has harmed my father's body!!

At first, I became shocked, But later I searched about it on Google and what I found was really terrifying.

But, Supplementary food does some harm so it is not a matter of stopping eating it, everything should be eaten as measured.

Excessive intake of any food can lead to illness and even death,
Dr.  Millstein explained that,
Quote
“Supplements may interact with other medications you're taking or pose risks if you have certain medical conditions, such as liver disease, or are going to have surgery. Feb 4, 2020."
Source: https://www.pennmedicine.org/updates/blogs/health-and-wellness/2020/february/the-truth-about-supplements
2619  Economy / Economics / Re: Are Renewable Energy sources the future? on: February 06, 2022, 03:20:01 PM
Renewable energy is a source of energy that we can use once and reuse over time. This renewable energy source is believed to help us in the future.
But, there are various debates about this. I have read some news about this. As far as the idea came after reading it, this is exactly what the future energy system will depend on renewable energy. Because of the growing demand for fossil fuels in this world, the amount of fossil fuels is very small.

But in some cases, the use of renewable energy remains a barrier.  According to many, using renewable energy can cost a lot of money but coronavirus has brought our world to such a stage that many countries are now bankrupt and many people are unemployed. Again, many are not able to rely on renewable energy.

But what is the harm to hope? European countries are now constantly inventing new technologies. Maybe one day the renewable energy of technology will overcome these obstacles and become fully usable for human beings.
2620  Economy / Economics / Re: i was right people have no more money on: February 06, 2022, 02:41:13 PM
It would be wrong to say that people no longer have money.

Why is it that there is a large amount of money in stock but it is not in the hands of everyone but in the hands of some rich people?

You know, the earth has been paralyzed since the coronavirus attacked.  Many become unemployed.  In such a situation, inflation is rising day by day.
As a result, almost half of the people are going bankrupt. The prices of essential commodities are on the rise which is undoubtedly causing misery to the common man as he has no source of income.

But not everyone is in the same situation. I've visited many countries where marginal farmers only produce crops but there have the hands of middlemen from the time they reach the market to the time of sale and as a result, the farmer cannot make a profit. 
Everything goes into the hands of these middlemen. I also want to talk about industrial workers.

In the case of the garment industry, those who are making garments do not make any real profit from it and live under the poverty line. The owner of their company makes a profit. But in fact, those who are really working hard, in spite of working, their life has become difficult.  They do not have enough money to support themselves. On the other hand, there is no problem in the life of those who are benefiting by using these jobs.
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