Another real way to curb inflation is to increase taxes paying more taxes reduces the disposable income of the people the total expenditure is reduced. People's purchasing power can be reduced by imposing new taxes and increasing the old tax rates when there is an excess demand for a product in the market and there is a huge shortage in the supply of the product along with it. That situation creates an opportunity for the manufacturer to increase the price of the product or service and price inflation occurs.
I am not sure of that. Is there any source that backs up that opinion? My doubt is mainly that taxes reduce the disposable income for the families, but it increases the government spending by exactly the same amount. Government are usually ferocious spenders of anything that they get their hands in and even sometimes of that they do not even own. How would that work? |
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Seriously, I do not think this is complex at all. You have monopoly money that can be printed and a system to get it back when it suits you. Usually, that means nearly never gets called back.
Interest rates... what's difficult? It is the price of borrowing money, not that complex to understand right? An on regards to fractional lending, it means that the bank can lend more money than it really has - Is there anything I am missing.
You what is difficult for me? That after knowing all this facts, there is still people that argue that "bitcoin is not as good a money"
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You do not loose by HODLING. That is, you do not loose your money trading by not f*king trading. Think about it, what good is it to trade an asset that would have anyway multiplied you initial investment by millions just by doing absolutely nothing, or even better, simply forgetting that you even had it until a few years later.
Timing the market in a commodity - thinking of bitcoin as such - is nearly impossible even for professionals. You know that Nike says "Just do it", well, trading bitcoin is an exception.
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A sad manifest full of common places that only points to a coin controlled by what is probably, as of today, one of the most "evil" large corporations. All full of common places that are perfectly know to all that have been in crypto for a while.
The fact is that a coin created by Facebook ("Meta") is just not a true decentralised crypto and most likely will be used to create more big data on how user spend their money, to support political outcomes for a price, to invade privacy, to have teenagers working for mafias... I can only imagine what it can get to if they can convert a simple pic sharing platform in a political weapon for diffamation.
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It is very dependent on the country. Even in developed countries, it may not be a sensible choice to go out there an open a business without some previous experience working for someone else. Barriers are high and making business is anything but an unlevelled playing filed in which politics, nepotism and groups are determinant for success.
I encourage people to be brave, but also have a good understanding of what they are doing.
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Laying down, well; as human the chinese peeps should not be treated like that. They are literally loosing the right to "Choose" and would be making the upcoming generation as robotic army who works and works without desires to fulfil their own dreams.
Absolutely true. China's current government has made a few thing very clear: a) Order (they call it "harmony") comes before choice and freedom. b) They are willing to cohabitate with the wildest and most inhuman governments around the world as long as China's system is not ever questioned. c) Challenging the government is not an option. This includes a digital control on how good of a citizen are each of the millions o people that live there. |
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Beyond whose expectations? At this point in time most people have heard about crypto, bitcoin and the stories about millionaires and fortunes made in a few years are flying around like tales of wonderland. I would expect at least a 30% of the total trade of crypto to be people that do not really know much about it taking small stakes in the most commonly known cryptos. Paypal has an immense advantage due to market dominance and millions of people having an account preexisting.
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It is know that Facebook is trying to reinvent itself, wash its image and becoming a more powerful business. And it is the right strategy, because contrary to other business such as online retail (Amazon), internet searches and sales (Google) or electric cars (Tesla), social networks are more susceptible to ageing customers and trends in the young. However, rumors say that they may actually enter into the betting arena by implementing gambling and gaming for money in the future Metaverse of Facebook. What do you make of this?
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Sevilla are one of the very consistent teams as for the last years. And they are very good in this season too. They are at the fourth position by being 1 point behind the leader. They are one of the biggest candidates to end the season in top 4 also. And considering Barcelona's having a terrible season, this is a chance for Sevilla to end the season at the third position in the worst case.
Looking at the past few seasons, Sevilla deserves to be called the king of the Europa League, currently Sevilla has listed his name as the owner of the most trophies in the Europa League with six trophies. Sevilla is the club with the most consistent squad in terms of attack to defense, Sevilla good performance this season cannot be separated from their success last season. Starting the 2021 La Liga competition, Sevilla motivated to break Real Madrid dominance, Atletico madrid da Barcelona. Sevilla good performance has proven to be able to compete with Real Madrid. Until week 12 Sevilla has collected 27 point, the same as Real Madrid have achieved. If Sevilla is able to maintain its performance until the end of the season, Sevilla's chance to lift the La Liga trophy is quite large. Are you by any change from Sevilla?  I must admit that it is a solid team and has a decent local base of players that tend to give a few good players for the leagues and some income for the club. King of Europe... nah, too many good teams out there, but one could argue that is one of the contenders. The last games came out good, but it has to become a more solid team and show long term performace. |
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There is no game that is designed in a way to be a place "where you can possibly gain profits". Each game is designed in a way to let you win back what you put in minus house edge (on average) with every bet you make. at the end of the day casino games arent all about fun and games, this is a profit making business and i will disagree to this statement that it will late you break even in all your runs....if it were designed like this then martingale would have been the best strategy to win on casino games!! You miss my point. I said "Each game is designed in a way to let you win back what you put in minus house edge (on average) with every bet you make" so if you pyt 100$ into single bet casino is designed in a way to give oyu back your 100$ minus house edge (most often 1-5%) so give back 100$-(1$~5$)= ~98$ on average. So you are down 2$ on each 100$ bet on average. This 2$ is casino profit. I didn't said that casino does not earn on you. Its designed in a way to give you fun, entertaiment and chance to win big but takes small portion of your wallet with every bet you take (on average!) crash games are volatile and unpredictable , i have seen on several occasions a string of less than x1.3 get hit and nothing of a x2 which makes this unpredictable, roulette has to be a better choice of games  Wrong. Crash is predictible. If it was unpredictable how would casino earn on it? It may be umpredictible during single try, but after N tries (where n tends to infinity) you end up with: current balance = starting balance - (house edge*your bet) * number of bets I think that your estimate is much too conservative. A 2% gain for the house would normally not only not cover the operating costs but leaves it open for pure default in case any risk materialises. Companies usually have a 50% gross margin on sales (it may be very variable) which tends to result in 10 to 20% of gross marging. I think that a 2% of the deposits would not even cover half of that.. I would be thinking of 15 to 20% of deposit. |
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Respect, trust and good feeling about books come from either being legally regulated entities which are supervised and quite obliged to have records etc, and that comes with requirements such as KYC or from many years working successfully and without complaints from customers. There must be good reasons why you want a no KYC but that is going to come with strings attached in the jurisdiction, reputation or trust in the company.
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In gambling, markets and health in the US, it seems that the regulators are barely distinguishable from the owners of the business. I do not doubt that those online books are excellent and follow the best practice in the sector, but the prices and recommendations coming from the regulators and the people in the business do not mean anything in particular to me honestly.
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This is about the Tang Ping movement in China and the effects of motivation in the economy. China, with their tracking of "good citizens" behaviour, is including things like boycotts to certain brands or certain uses of games and technology. The Tang Ping document means literally "lay down", and is a call to reject the massive pressure from the state, low wages and poor conditions.
China may be taking it too far.
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Until recently, crypto has been the frontier of the regulated economy, the Wild West, the Land Rush of 1889, ... well you get it. A world of opportunity for the hustler, the hacker and the hypster that has to come to an end to create a modern cryptoeconomy. No that different from any of these circumstances in history, perhaps including the "descubrimiento" (meaning the forceful colonisation) of Latin America or the massive genocide of the indian tribes perpetrated by the United States troops in the sense that law and order have to come to consolidate the wealth created and make it... boring. |
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It is time to assume the truth and legalize. And get taxes from it. Is that ethical? I think so.
The impact on Central America would be huge, as this huge market would surface and there would be no need for all the violence that surrounds it. It will give a decent chance of survival to a number of government systems that are failing against the might of the cartels and contribute with taxes and exports.
In US, just as when the "Prohibition" ended in US, the dark economy was greatly reduced. Drugs would have controls and would be no different from Alcohol (a drug arguably) and the recently legalised cannabis.
I don't really understand how and what kind of impact the various types of drugs have. Because since childhood I was educated from a fanatical family about such things. Until now, I probably don't know about drugs that are considered illegal, even drugs that have class 1,2 and so on are considered by the government as a threat. It makes me curious, in some places in the US this is kind of a blunder. On the other hand, the proliferation of distribution has become a normal activity. But the government itself made the decision to fight. So from these two sides, the government actually has two roles at once. Not only as exterminators of illegal drugs, also not a few of them are involved. It is a self reinforcing circle in which the only losers are the people of Latin America that want nothing to do with the cartels and even the small delinquency that is generated due to lack of prospects is partially due to the drug trafficking. Who would like to invest in a region in which they have to deal with a corrupt and inefficient government that is unable to provide an effective rule of law and security? The answer is companies that are going to take from the land and never create local value. |
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It has been mentioned many times that this will happen. The FED should not keep the current level of liquidity as it will create a level of inflation difficult to fight. Still, the spending programme of JB needs financing, so the tampering may not be as strong as should be.
How does it affect everyday life... well for most people it means a contraction of the economy and possibly, as it is allied with a offer shock, a global problem in supply chains and problems with raw materials, it is obvious that will add to the burden of most people. The stocks will also lose value.
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Soy de la opinión que quien no gana dinero con las criptomonedas es porque no quiere.
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Yo soy de la opinion de que el que no gana es porque lo quiere demasiado y lo quiere ya mismo. Proceso de pensamiento habitual: huy bitcoin ya esta muy alto, seguro que hay algo q este ahora empezando y ofrezca mas posibilidades... huy mira un oso panda anunciando una nueva moneda y estos tres expertos youtubers de los que nunca he oido hablar me la recomiendan. Voy a hipotecar mi casa y comprar esta nueva moneda. Que podria ir mal? |
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I do not think there is a direct link between these two. Usually, countries that have more union activity, including strikes, tend to be considered as risky by the globalised investment decision making machine that the world has become. This simply means less employment opportunities and eventually less growth. Inflation is, at this moment, global and due to an offer shock, so local strikes would not have much effect.
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Rich dad, poor dad
The book "Rich Dad, Poor Dad" is a philosophical and practical treatise on obtaining financial knowledge, and the author very reasonably argues that this knowledge is needed by our children from the earliest grades of school, for the formation of "financial literacy". In addition to purely financial knowledge, the second, and maybe the first part is that it is not correct to form a model of behavior in children and the ideal "to be rich you have to work hard."
Kiyosaki is a renowned author of motivational books on finance and personal development. The book was written based on the personal experience and observations of the author. I highly recommend reading!
Agree in general, but please, do not read or believe anything about real state on any of kyosaky's books. He is just heating up and hyping on that. These books are not really about economics and even the story is sticky, they can be resumed in just a few sentences. I reckon nobody would pay to read or go to a chat with just that, but that is really how it is: a) Do not spend more that you earn. LIVE WITHIN YOUR MEANS. b) Try to have different sources of income. c) Do not get into a mortgage that you may not be able to pay. LIVE WITHIN YOUR MEANS. d) Avoid credit card or similar debts. e) Use debt when it is right to do so. not much more in the books really... just the very basics to avoid the rat race. |
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Of course, I did not even think that it should actually have to be explicit about this. In fact, anything that is not decentralised for me does not count as a true crypto. For example, Ripple or even some of the less centralised alts out there are not crypto in my dictionary. Needless to say that government issued digital currencies are nothing of the kind of crypto. They do however have some useful applications for the common guy, as they technically could allow you to hold an account without a commercial bank, directly with the central bank.
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