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661  Economy / Economics / Re: Going to war means let's ulter the economic progression on: February 18, 2023, 06:41:42 AM
Human civilization has stepped into the 21st century. In front of us, thanks to the rapid development of new technologies and, in particular, the Internet, there are unique opportunities to unite and direct our common efforts towards the development of medicine, education, space exploration, improving the general level and life expectancy, and much more. But instead, Putin's Russia unleashed another, the largest and most brutal war in Europe after World War II to exterminate its neighbors in Ukraine and destroy peaceful cities, the infrastructure of Ukraine, and also causing enormous damage to the environment and its fertile black soil. Last year, 50-70 thousand shells per day were produced in the Donbass. Chernozems are filled with heavy metals and other compounds harmful to agriculture.

  Russia claims that it has come to Ukraine to protect the Russian-speaking population, but instead of protecting it, it primarily kills the Russian-speaking population of Ukraine, which lives compactly in the Donbass region and, thanks to the use of the “fire shaft” tactics, destroys “liberated” settlements by 90-95 percent. The civilian population is physically destroyed for recognizing themselves as Ukrainians, as well as for discovering the attributes of the Ukrainian state. There should be no forgiveness for such crimes. At least for the next few generations. Russia, thanks to Ukraine's support from civilized states, will definitely be defeated in this war.
662  Economy / Economics / Re: More financial sanctions for Russians from EU - But for the Crypto Bans! on: February 17, 2023, 09:22:28 PM
More sanctions for Russia but still no results coming forth. I want to ask what are the sanctions then for? Are this sanctions meant to frustrate Russia into accepting what the EU wants from then or are most of this sanctions meant to even aggravate the whole situation.

Yea punishment can be a solution but it is never a permanent one, the EU and other bodies has been on several sanctions on Russia for long now but not positive outcome, I think if the same energy put into all this is channeled towards a peaceful dialogue it would take time but it may bring the needed peace.
It may be that last October the sanctions against Russia did not give the desired effect, but with each subsequent month, the pressure of these international sanctions in Russia is becoming more noticeable and tangible. A negative result from the imposed sanctions cannot have a lightning-fast effect, because in any state there are stocks of sanctioned goods in warehouses. But the sanctions are working inexorably. They are aimed at forcing Putin's Russia to stop military aggression against Ukraine and will gradually increase until the goal is achieved.

Yes, European countries also suffer materially from their own sanctions. However, they have already understood that if they do not help Ukraine in this way to defend its territory and independence, then tomorrow Russian tanks may invade their states. Therefore, certain material deprivations do not compare with what Ukrainians experience when their peaceful cities are bombed every day and women and children die every day.
663  Economy / Economics / Re: Made in America is back, leaving US factories scrambling to find workers on: February 17, 2023, 06:21:15 AM
I guess that the war has shown that each country has to rely much more on its own production.
Plus, the semiconductors crisis has opened the eyes of western countries' leadership that more such factories are needed, and they have to be local.

I expect it's not only industry workers US will be needing at great scale. US will need all kind of workers, skilled and unskilled.
Is it me or they're preparing softer legislation for accepting foreigners?
Russia's war against Ukraine and US and European assistance to Ukraine in weapons to defend against Russian aggression greatly spurred the work of the defense complex of both the US and all NATO members. So, if earlier the United States produced about 14 thousand shells per month, then by 2025 they plan to increase their production to 90 thousand.

In addition, before the attack on Ukraine, Russia was the largest supplier of weapons to the world market. On the battlefield in Ukraine, Russian military equipment showed great vulnerability to high-precision equipment of NATO countries, and a big problem arose in Russia. They stopped buying its military equipment, and at the same time, there was simply a rush demand for weapons from NATO countries. Therefore, their defense plants will be working around the clock in the next few years to meet increased orders. As a result, additional jobs will be created.
664  Economy / Economics / Re: Eu Cina vs USA russia oil vs Green energy on: February 17, 2023, 05:47:03 AM
Previously, no one paid much attention to alternative energy sources. Moreover, oil and gas corporations did everything possible to prevent such alternative ways of generating energy from appearing. For this, inventions were bought and subsequently destroyed, or simply inventors were killed more often under the guise of accidents. But now the situation has changed largely due to the fact that the world's oil and gas reserves are being depleted at a very rapid pace and the transition to other types of energy, such as solar, wind, geothermal and others, has simply become overripe in its decision. Moreover, now, for example, the production of solar panels is constantly getting cheaper due to the emergence of better technologies and their efficiency is steadily growing. So in any case, the world will switch to green energy, regardless of the aspirations of individual states. This is also required by the rapid climate change on our planet.
665  Economy / Economics / Re: Social media, now looking more for business than for socializing. on: February 16, 2023, 06:48:26 PM
Social media is now very different from the function or concept of the developer, 10 years ago we used social media to share our hobbies and daily life or conversely want to know the hobbies or activities of people we are friends with or follow, but mostly nowadays social media is used for business, many are even used to offer sex transactions, to other transactions.
Social networks and business are practically inseparable. People use social networks not only to communicate with each other on various everyday topics. In a period of deteriorating economic situation in the world and increasing unemployment and inflation, many people are looking for work through social networks or trying to create or develop their own business, looking for business opportunities or moving to other countries. This is all logical and normal. Also, cryptocurrency is now being advertised through social networks, people are interested in and receive information about cryptocurrency mainly through social networks.
666  Economy / Economics / Re: How much longer until paper money is no longer in circulation? on: February 16, 2023, 06:03:06 AM
If humanity developed harmoniously and spent its efforts on science and technological progress, and at the same time irreparable harm was not caused to the ecology of the planet, then we could say that we are going to a better world, and that automation, comfort and convenience will lead to the rejection of cash money in favor of cashless payments. But it is only dreams.
In fact, we see that the economic situation in the world continues to deteriorate, there are constant wars on the planet that destroy material wealth. Due to unreasonable human activities, the climate is changing very quickly, which leads to numerous cataclysms and the deterioration of people's well-being. This will not allow us to completely abandon cash, the use of which does not require additional technical devices.
667  Economy / Economics / Re: Can one achieve financial independence through crypto currency? on: February 15, 2023, 02:00:27 PM
If we consider financial freedom as the absence of any intermediaries in transactions, which were usually banking institutions, then indeed, cryptocurrency in this regard helps to achieve such freedom. However, if we consider it as the ability to get enough money with the help of cryptocurrency to feel independent in order to satisfy our material needs, then the situation is much more complicated. Yes, those who acquired bitcoins, ethereum and other top coins at the then low prices in the early stages and held them for a long time made a good profit. But this does not mean at all that this will always happen in the future. Cryptocurrency is very unpredictable in terms of price.
668  Alternate cryptocurrencies / Altcoin Discussion / Re: UAE central bank to issue CBDC, promote digital asset growth on: February 15, 2023, 07:39:44 AM
I will always say it, Bitcoin has opened the eyes of the world, particularly the central banks to the need to tap into the most digital innovation in the financial system. With the look of things, no country wants to be last in this advancement, except those that are sadists to the system due to reasons best known to them. However, in the long run, they will be the ones that will regret it.

What you shared is good news from UAE, but one thing I will still let you know is that the CBDC is mostly not working on blockchain technology and all of them are centralized. While a few have some components with respect to blockchain technology but are still purely centralized.

This is indeed a setback!
In 2023, the Central Banks of many countries began to actively consider the possibility of launching their own CBDC to improve the payment and banking sectors.
The release of a virtual version of the dirham will solve the problems and inefficiencies of cross-border payments, because the current international payment system SWIFT has become very slow and inefficient. In addition to CBDC, the UAE government also plans to launch a single card payment platform to promote the growth of e-commerce and an instant payment platform. It appears that these CBDCs will operate using blockchain technology.
In any case, the issuance of their own CBDC by states significantly increases the efficiency of their banking system. What impact CBDC will have on the cryptocurrency and current stablecoins, time will tell.
669  Economy / Economics / Re: Russian Gas ban - A problem for Europe or suicide for Russia? on: February 14, 2023, 09:12:52 PM
The level of sales of Gazprom for the first month of the year and the forecasts of experts indicate that the revenue of the Russian monopolist from exports in 2023 may collapse immediately by 2 times, writes Reuters. This will increase pressure on Russia's budget, which already ran a $25 billion deficit in January.

In January, Gazprom's revenue from selling gas abroad amounted to only $3.4 billion compared to $6.3 billion in the same period last year, Reuters reported.
The reason is the drop in exports. Last year, it has already collapsed by almost half, reaching the post-Soviet minimum. This year the downward trend has continued.

According to Ronald Smith, senior oil and gas analyst at BCS Global Markets, the price of gas exported to China in 2022 averaged $270 per 1,000 cubic meters. This is much lower than prices in Europe. According to the forecast of the Ministry of Economic Development, the export price of gas in 2023 should be $700 per 1,000 cubic meters.

Russia ended January 2023 with the largest budget deficit since the default year 1998. In January, it amounted to 1.76 trillion rubles ($25 billion). Russia's oil and gas export revenues collapsed by about $8 billion in January. Because of the unleashed war in Ukraine, Russia is steadily sinking.
670  Economy / Economics / Re: Economic implications of a US-China-Taiwan conflict on: February 14, 2023, 07:46:05 PM
A possible war between the US and China over Taiwan will not be this year. The decision on the war on the part of China will be made taking into account the consequences of the war between Russia and Ukraine. If Ukraine wins this war, as it is almost certain, then other potential aggressors, such as China, will have to reduce their military fervor.

  Now both the United States and China are studying the tactics and strategy of waging war between Ukraine and Russia, and especially the use by Ukraine of advanced, including NATO military technologies. If earlier China could count on a large number of its armed forces, then the current war in Ukraine has shown that this is not the most decisive factor, and China is now very dependent on the United States and Europe in matters of microcircuits and nanotechnologies. Experts predict that China will not be able to win the war with the United States.
As for the economic side of this possible war, the material damage will, of course, be colossal and will hit the economies of all countries of the world.
671  Economy / Economics / Re: The impact of Russian and Ukrain war on world economy on: February 14, 2023, 07:08:45 PM

History taught us that the civilized world would not have been without those colonial empires that wrestled with each other over the goods of the colonies. The civilized world established the United Nations Organization after fighting two devastating world wars that led to the rise of new powers.
The situation, in my opinion, is that we cannot live in a world without bad people. What aggravates the current situation is that Russia is a nuclear state, and this is what hinders the process of confrontation and accountability. The same applies to all the other powers that today play the role of the dove of peace in the Ukrainian war. Are America, France and Britain today the representatives of peace in the civilized world?
The UN was created after the Second World War by the countries participating in the anti-Hitler coalition; a new organization to replace the ineffective League of Nations was to prevent future wars. By the way, Ukraine was the initiator of the creation of the UN. Now the UN has become completely ineffective in the light of this task. All due to the fact that Russia is a member of the UN Security Council and blocks the adoption of any decisions that are not beneficial to it. It is clear that the UN Charter needs to be amended so that a country that is accused of violating UN provisions should not vote in this case.

Good must have the ability to defend itself against evil. But this does not mean that humanity always needs to have bad people. Russia's nuclear weapons are of some importance in this war, but not decisive. Ukraine will also defend itself if Russia uses nuclear weapons. The use of nuclear weapons in Ukraine will have almost the same negative effect for both Ukraine and Russia due to the territorial proximity of these states. If not everyone in Russia is an idiot, they must understand this.
672  Economy / Economics / Re: The volatility in the price of a bitcoin is falling over time, or not. on: February 14, 2023, 07:36:01 AM

As the Bitcoin consensus increases, more people will buy Bitcoin and the usage rate of Bitcoin will continue to increase, and the market will stabilize accordingly.

The number of bitcoins is fixed and limited. When demand for it increases, its value will continue to rise, and volatility may also decrease.
I do not think that the price volatility of cryptocurrencies, including bitcoin, will ever be significantly reduced. On the contrary, the higher the price of bitcoin rises, the greater should be its volatility. But, in principle, all this is just an assumption. No one knows for sure what will happen to prices in the cryptocurrency market in the future. But due to the fact that there is no regulation in this market, I do not see any serious reasons for price stabilization. And the majority of participants in this market are probably not interested in such a stabilization.
673  Alternate cryptocurrencies / Altcoin Discussion / Re: Bad feeling like a bomb is gonna go off on: February 13, 2023, 05:46:14 PM
I know Crypto had a heck of a run a week ago, and it is giving back which is normal. They have been getting beat real bad and its not stopping. I was on Coin Market Cap an hour ago, and looked at the stable coins. They are all except USDT well below a dollar. All were up 3 to 5% today and still wasnt up to a dollar. They were moving around like they were being fed to try and stay in their dollar spot. I got a bad feeling about today and/or tomorrow. Keep close eye out and react quickly. Hope I am wrong, but its strong enough feeling I just had to say something. Good luck!!    Brandon
Dollar-backed stablecoins will function normally until something terrible happens to the dollar itself. Until then, their rate will fluctuate upwards within one dollar, deviating very slightly from bitcoin units. So far, there are no particular reasons for concern. The economy of the United States and almost all other countries is now in decline, but this state is temporary. This has happened before, and more than once. All falls are inevitably replaced by a period of economic growth.
674  Economy / Economics / Re: Climate Regulations Are About to Disrupt Global Shipping on: February 13, 2023, 05:26:01 PM
I have had a question for some time, which is the difficulty of having a global shipping fleet powered by nuclear energy? I believe that defining unified international paths and designing ships to be environmentally friendly is much easier than trying to restrict the global oil and gas situation.

The bad news is that when all these technical problems are resolved, the user is the one who will pay all the extra expenses, and there may be a delay in delivery time.
The problem with the use of nuclear energy has always been the safety of its use. Therefore, nuclear editors cannot be built in seismologically active areas of the area, in densely populated areas where accidents, fires, floods and other disasters often occur. If nuclear editors are placed on sea vessels, they will turn into floating atomic bombs. Humanity in general needs to think first of all about the consequences of applying technological progress, and then about profit, otherwise the current seventh or already the eighth civilization of people on this planet will not last long.
675  Economy / Economics / Re: Iran and Russia want to issue new stablecoin backed by gold on: February 13, 2023, 10:31:30 AM
There were a few similar "accidents" in Russia too. There's even a wiki page for "mystery fires" that attacked Russian buildings in the last 12 months.
https://en.wikipedia.org/wiki/2022%E2%80%932023_Russian_mystery_fires

When Moskva blew up the innitial media reports were that "a fire broke out on the ship" Grin
That's different though. Russia is at war with NATO which means such "incidents" are expected. However, Iran is nowhere in this war but they (mainly US) is desperately trying to pull Iran into this war which is why we saw the failed terrorist attack in Isfahan, Iran which out of nowhere Ukraine showed support for!
It won't work though because Iran eliminates threats at the source (US) not the proxy (Ukraine).

This is also one of the reasons why the Western mainstream media keeps lying about Iranian missiles, etc. being used by Russia.
Russia is not at war with NATO, but lately Russian propagandists have been persistently pushing this topic, since Ukraine has already practically defeated their regular army that invaded its territory. It is a shame for Russia to admit this, and admitting that it is being defeated by the entire NATO military bloc is not so scary for it. NATO countries provide Ukraine with all possible material, financial and military assistance, but there are no NATO troops in Ukraine.

On the other hand, at the request of Russia, Iran is selling kamikaze drones to it, and there was also an agreement to supply Russia with ballistic missiles for the war in Ukraine.

In addition, the British newspaper The Guardian reports, citing its sources in Iran, that Tehran sent a batch of long-range combat drones to Russia last year with the help of ships and aircraft of the Iranian state airline. According to the publication, this is not about Shahed kamikaze drones, which Russia uses to attack Ukrainian critical infrastructure, but about more sophisticated unmanned vehicles that allow missile strikes from a long distance.

The publication says that in November 2022, a delegation of 10 Russian officers and engineers visited Tehran, where they were shown all the capabilities of Iran's military technologies. The Russians have chosen six Mujaher-6 drones, which have a range of about 200 kilometers and can carry two missiles under each wing, they have also shown interest in the Shahed-191 and Shahed-129 unmanned vehicles, which are capable of attacking ground targets. Unlike kamikaze drones, such devices must strike and return to base. At the same time, Iran sent a group of 54 engineers to Moscow to help the Russian military master drones.

Therefore, if we talk about the fact that by supplying weapons to Ukraine, NATO is thereby fighting on the side of Ukraine, then we must admit that Iran is fighting on the side of Russia.
676  Economy / Economics / Re: What do you think of gold price in long term? on: February 12, 2023, 10:39:23 PM
unlimited supply of gold in this world and every day is always mined to affect the development of the existing ecosystem. but until now trust in gold is still perfect, so that everyone thinks the same, namely gold is suitable for investment tools. I think that if public confidence in gold is maintained in the future, the price will be higher, and it is suitable for long-term investment, even though the price fluctuates.
It cannot be said that there is an unlimited supply of gold on our planet. Gold has been mined from the bowels of the Earth for many millennia and its reserves are depleted like other minerals. It’s just that the tools with which gold is mined are constantly being improved, and therefore the amount of gold mined is growing. As money and a means of payment, gold will always be in demand in the foreseeable future. The situation, for example, may change if humanity masters at least near space and brings a lot of gold to Earth. Then, of course, it will fall in price as the supply increases.
677  Alternate cryptocurrencies / Altcoin Discussion / Re: How does regulation affect the future of cryptocurrency? on: February 11, 2023, 09:34:24 PM
I don't really think we need any regulations, any sort of influence it can give is actually just it restricting the crypto scene in the first place. No investor would be scared (if there were any) of investing in crypto if the government didn't place sanctions on it in the first place. Ofc regulations do increase the confidence of regular people in using crypto, but it doesn't necessarily stop scams from happening, and scams are the ones that make people want to stay away from crypto in the first place.

States and their governments will not ask cryptocurrency market participants whether we need rules or not. They will act in a way that suits them. And this means that they will definitely establish the rules for the circulation of cryptocurrencies that are convenient for them, which are also applied to other financial assets. This is simply inevitable and we need to put up with it, but defend the acceptability of such rules for all market participants. In general, general and reasonable regulation of the cryptocurrency market is necessary if we want the cryptocurrency to have the official status of a means of payment in all states and their protection from fraudsters and other abuses.
678  Economy / Economics / Re: Russian Gas ban - A problem for Europe or suicide for Russia? on: February 10, 2023, 04:54:37 PM

India has no doubt great ties with Russia. India is taking advantage of current discount which Russia is offering. They imported at an average of 1.2 million barrel per day in December 2022 which is 29% more them what they bought in November 2022. Moreover there oil import from Russia has gone up by 33% then year before, according to Bloomberg. Atleast India is importing more oil from Russia due to current crisis in which Russia is selling oil on discount.
Meanwhile Iran is preparing to drill for its second highest gas field in Kish. More energy coming to Iran in the form of natural gas.
Deputy Prime Minister Alexander Novak told the Russians that from March, oil production in the country will be reduced by 500,000 barrels per day. This is a direct and very painful result of the Kremlin's military adventure. The official of the Russian Federation explained the reduction in production by the reluctance to sell it to countries that have joined the "price ceiling". In fact, the reduction in production is a forced measure, caused by the complete loss of the European oil market. In the EU, there is an embargo not only on Russian crude oil, but also on petroleum products.

The reduction in production is still insignificant. Back in January, the Russian Federation pumped 10.9 million barrels per day. In March, this figure will already be 10.4 million barrels - this is the minimum since the start of a full-scale war of the Russian Federation against Ukraine. But there is reason to believe that this is only the beginning, and Moscow will have to continue to squeeze production. According to experts, by the end of this year 2023, the losses of the Russian oil industry may increase by 1.4 million barrels. And this is the level of the beginning of the zero years. There is degradation.

The industry that "feeds" the entire Russian economy becomes a victim of the Kremlin's aggressive policy. Most of the income to the federal budget of the Russian Federation comes from the sale of "black gold".

It is important to note that the restoration of the Russian oil industry after such tests is almost impossible, experts say. In the course of production cuts, the Russian Federation will have to close the oldest fields, the resumption of which will no longer make sense. Against the background of the fact that Russia is reducing oil production, other countries, such as Iran, are increasing its production in order to saturate the market and, thus, Russia is gradually being squeezed out of this market. I hope forever.
679  Economy / Economics / Re: Cash must be king, Giorgia Meloni tells shoppers on: February 10, 2023, 08:38:52 AM

Every person in the world should be against money laundering, because it serves no legitimate purpose and is detrimental to society because it is abused by the greedy few. We're not talking about people who want to shield where they spend their money, we're talking about criminals who use this device to clean money - stolen either through fraud, people who want to avoid paying their fair share of taxes, money raised from nefarious sales, or many other nasty things. Being able to trace illegal money swapping helps track down the crime and who benefited from it - the transparency of the blockchain actually assists in anti-money laundering by it's very nature as long as any exit points are properly regulated.
Any new trend almost always has both a positive and a negative side. The transition to digital money also has pros and cons. If we talk about money, then probably you should not focus on criminals. A person should always have the right to choose whether to use cash or a bank card with non-cash money. When using non-cash money, the criminal is more easily tracked by the government. At the same time, quite conscientious people are very easily tracked for the purpose of further manipulation. This should not be forgotten and this should be a priority. And to track the criminal, this is the business of law enforcement agencies. They have special powers for this and a certain mechanism of influence. In addition, small household transactions are still much more convenient to make in cash.
680  Economy / Economics / Re: The economic effect of people flying from RF mandatory conscription on: February 09, 2023, 05:16:08 PM
The negative economic effect from the decrease in the number of the working-age population of Russia due to the fact that people leave the country in order not to go to war, this is only one and not the biggest problem that awaits Russia because of the war in Ukraine. The Kremlin has clearly miscalculated and cannot defeat the Ukrainians on the battlefield. It seems that they have decided to wage war on the depletion of resources. But more than 50 states are helping the Ukrainians, and their potential far exceeds the Russian one. This will lead the Russian Federation to the inevitable disintegration into separate independent states. And this problem is much more global.
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