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Happy birthday! What a wonderful age and you are an active person! I wish it continued like this for many more years! You have the opportunity to compare the standard of living over a long period of time. This is very interesting to watch. Currently, prices have increased not only for gasoline. Prices have changed and continue to change for many things. I went to my car service and was unpleasantly surprised that there, too, the price for car maintenance has changed.
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If you were to lose all of your investment, not that you plan on or wish to, it must be that it doesn't cause you hardship. Meaning you can afford to lose it all and it doesn't change your financial status or lifestyle.
Losing an investment is not something that is planned or desired by those who invest, but some of those who invest also often forget that the risk of losing when market conditions begin to change may occur and they are not ready for it even though they can still live as usual. But I'm sure those who have lost a large amount of their investment must have experienced some frustration and depression. Losing your invested money is very unpleasant. But none of us are immune from this. If you haven't invested your last cash, then you can survive. But if a person has invested everything that he had, then of course depression can begin. Before you start investing, you must be prepared for the risk of losing money and then life won't be so bad. We all have to take risks when investing. |
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I think that you need to determine for yourself what kind of investment you want to make. If you want to make long-term investments, then you can invest in bitcoin, gold, food industry. If you want to get paid quickly, then this is a difficult question. Today is a bad time for such operations and you won’t be able to get quick money. The best option would be to simply monitor the situation in the market and look at changes in the economy.
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It wasn't called the great reset for nothing. It's a given that companies in field related to the pandemic are going to profit (ppe and test kid manufacturers, etc) but another way this made the rich richer is that large businesses had smaller competitors got wiped out from the economic fallout of the lockdowns, for example look at all the smaller restaurant chains that closed.
It is indeed the biggest wealth transfer in history and we haven't even talked about the massive money printing with which they basically stole our money.
A lot of businesses has been affected whether it's a large company or just a simple business however with the multiple lockdowns that happened during the pandemic season, a lot of these businesses was not able to survive and got wiped out and those who survive was able to recover and even got more profit now. Nevertheless, those who mainly struggle are industries that weren't able to adapt with the lockdowns and the face to face contact such as restaurants, transportation and many more. However, there were companies that was less affected such as Programming, Customer Support and other businesses that was able to continue provide services despite the lockdowns. With these changes that happened and small businesses who got wiped out, it really did widen the gap from the poor and riches. I forgot to mention, various individuals lost their jobs which affect lower and middle class workers to high class business owners. Most larger companies did indeed survived the lockdown because they had money for maintaining their infrastructure and most just let go off employees and then just rehired them later. Small businesses don't have as much of a fallback. I remember small restaurant owners being interviewed on TV complaining that they still got to pay the bills even when their businesses are closed. I think the one industry where pretty much most were affected equally were cruising tours. They had to dismantle the cruise ships, unlike the airline industry. They'd be having a harder time recovering. The entire tourism industry has been affected by the pandemic. International air travel and land travel have been markedly reduced. Travel agencies suffered significant losses and many stopped their work during this time. Today's crisis will kill many food manufacturers and especially food manufacturers. So covid it was not the scariest adventure in our life, unfortunately. |
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After covid-19 pandemic, no country has successfully returned to normal. All the countries are struggling, but some countries are in much mess than others. While 9.1% is seen quite high for UK, in some countries, it is normal at 15% and even more than that, but they use media to play it down.
In whatever situation we might see it, it is nice we understand that all countries are on the long lane of inflation. While some are speeding, some are slow, yet they are all in same lane of economic decline.
Every country's economy was badly affected by the pandemic. We're just in the recovery phase but unfortunately, the inflation rate has to increase because of different factors. Ukraine isn't the only country that is suffering from the inflation increase. Even our country is suffering at the moment. Food and important necessities are continuously striking high. I think the best thing to do during this situation is just to hustle hard so we could survive. In the coming years, we will not think about economic recovery. Now there is a decline and every day it will be more tangible for people. We haven't even reached the bottom. So we can't go up yet. It is already clear that this crisis will be worse than the pandemic and it will last a long time. Let's not despair and find the good in this situation. Europe will use less gasoline and that means the air will be a little cleaner. Until they start burning coal stoves... |
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We can make predictions. Now it is not profitable to mine bitcoins. We can spend far more money on electricity than we can earn on bitcoin. Today, large miners began to sell their accumulated coins and this affects the price of bitcoin. We will observe the movement in the world market and wait for the economic recovery. If today we are at the bottom, then tomorrow stabilization may begin.
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I think the German government understands this and that is why it behaves so carefully. They understand that they will have to answer to the citizens for what they have done. After all, it is the inept leadership of the country that leads to such consequences. And excuses about evil Putin or the global economic crisis will not help. People will not forgive them for abandoning their usual way of life.
So far they have avoided backlash from the public. Inflation is at all time high, but a large part of the population do want to side with Ukraine. Things may get changed, once the rationing of gas is implemented and factories start to close down due to lack of piped gas. At this point, the popularity of Olaf Scholz and that of the warmonger Green Party remains intact. The big test will come after 2 weeks. Nord Stream will close down for maintenance on July 13th. And I don't think that the Russians will turn on the pipeline once the maintenance is completed on 23rd as scheduled. Most of the population will be on the side that is beneficial to the state. This will be supported at all levels through all possible means, including the media.The government needs to stay in place and it will make every effort to do so. What do we see today? One child is killed and the whole world is crying because of it, and another child is killed and no one pays attention to it. These are political methods of pressure on people and they are necessary for governments to promote their idea and save yourself and your family. I don't think anyone will think about starving people in Africa if their own child is hungry. |
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I don't know whether Russia will become successful in conquering eastern Ukraine. But one thing is sure. By the time the war ends, German economy will be in ruins. The sanctions did what WW2 failed to do. There is no hope for German industries. They are done and dusted, and the Americans and the Chinese are quick to fill the vacuum. Everyone is talking about how the Russians are going to suffer as a result of the sanctions. No one talks about the impending layoffs and recession in Germany. Just wait for a couple more months, and by then everything will be clear. I think the German government understands this and that is why it behaves so carefully. They understand that they will have to answer to the citizens for what they have done. After all, it is the inept leadership of the country that leads to such consequences. And excuses about evil Putin or the global economic crisis will not help. People will not forgive them for abandoning their usual way of life. |
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Here's what we can spend our money on! We can help the citizens of Nigeria restore some production to provide people with jobs. Nigeria has the largest oil and gas reserves in Africa, and this is a huge field for action. These industries need to be developed for the stability of the country's economy. If this country gets a little help, it will be able to provide its citizens with a good standard of living.
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I think everything is just beginning. The most interesting is ahead. Great Britain has chosen the course of the movement for itself and these are its results. Continuing to move at such a pace, the country will be ruined. The country can move far, far back in the time of the dinosaurs. Well, we'll see what happens next. What else will the old woman have enough strength...
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Russia is neither gaining nor losing. Their export volume has got reduced due to the sanctions. But at the same time their revenues are up, thanks to the higher prices for crude oil, gas, potash, wheat and coal. The real gainers here are countries such as Qatar, Saudi Arabia and Iraq who are witnessing an increase in their export of fossil fuels. Their volumes are up, and so are the prices. And on the other side, the losers are net importers of fossil fuels, such as India, China, Japan, European Union, Pakistan and smaller African nations.
India recently reduced oil prices in country after they hit a deal with Russia for cheap oil import. Pakistan also tried to buy Russian oil but USA did an operation regime change in Pakistan and now there is new government in Pakistan which is not buying oil from Russia. India and China are taking full advantage of this situation and buying cheap oil from Russia. One thing can be said with certainty - having your own oil and gas is very profitable. If you have a product, there will always be buyers. For better or worse, there will be people who want to make money by reselling your product. But if you have nothing and want to have something, then please pay money. You have no other choice and will never. |
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Very happy for your friend! How long does he use solar panels? I think that buying a battery and all the equipment will require a lot of money. Does your friend live in a sunny climate? Solar panels are guaranteed for 10 years, and the service life of these panels is 20-30 years. Will he be able to recoup their cost in that time?
yes - we live in the area where temperature touches to 50 F in summer too. Its too hot mostly 5 months are summer. So we have air condition on for almost 4 months in row. HE is using the panels which send the electricity back to the power plant. That is how he has not paid any electricity bill after he has installed the panels. It is perfectly! Solar panels are a good idea for such places. If we have the right climate we can save a lot of money. Solar panels can help out even in places where there is no electricity at all. For example, if your house is in the forest. A great savings option. During the use of solar panels, a lot can change and people will come up with alternative sources. |
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I think this will happen. Maybe it will take a long time, but this option is possible. Who do not hide their activities in the field of the crypto industry and are ready to cooperate with the state will be satisfied. For those people who want to stay in the shadows, this process may not be very pleasant. The most important thing is that in the future the whole mechanism is simple and understandable to everyone. Otherwise people will want to hide.
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Solar panels are good for warm but not hot climates. Huge equipment and battery costs, high maintenance and washing. For the correct operation of solar panels, a certain angle of inclination is required, and this is not always possible. To feel the benefits for your pocket, you need to use these panels for many years and there is no guarantee that they will pay off. Good idea but not for everyone.
Six months ago my friend installed solar panel. He is so happy and believed this is the best decision he had ever made. The solar panel is future - one should grab it sooner the better. I am also interested in installing solar panel in my home but problem is reverse electric meter. Very happy for your friend! How long does he use solar panels? I think that buying a battery and all the equipment will require a lot of money. Does your friend live in a sunny climate? Solar panels are guaranteed for 10 years, and the service life of these panels is 20-30 years. Will he be able to recoup their cost in that time? |
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I would not say that bitcoiners protect the environment. They do not cause much damage to the environment, but do not protect it. But the transition to non-renewable energy sources spoils the environment. The process of burning coal or firewood releases a lot of greenhouse gases and they contribute to global warming. When burning, a lot of gases are also released and enter the human body with breathing, this can contribute to genetic diseases in the future. Mining on such a scale is not carried out and therefore produces less harm to the environment.
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What looks like failure to us is experience. Without this experience it is difficult to start a big business. Let at first we will have mistakes and lose some of the money, but in the future we will take into account our mistakes and do everything right. Even with experience, we can make mistakes. We may lose time or rush. Therefore, everything we do is good, no need to be upset because of failures.
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I think the golden rule of investment is security guarantees, investments such as deposits, stocks, gold and so on will always be a top priority because there are guarantees, in contrast to cryptocurrencies whose value can be zero as happened with LUNA and other cryptocurrencies, without security even though the promise of profit high will make us doubt.
I agree with you that the most profitable investments are gold, precious metals, real estate. These things will always be expensive. Although there is a risk lose in value, but you can always sell these things and get your investment back. How much a person is ready to take risks and for what period of time he expects. This is also very important to consider when investing. |
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I want to advise you to get knowledge about cryptocurrency first. View forecasts and changes in the cryptocurrency rate for the last year or two years. This is a serious matter and needs to be studied. Determine for yourself how much you want to invest and how much you will not be sorry to lose in case of failure. To begin, I would advise you to pay attention to bitcoin, but it's up to you to decide.
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