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The US is now entering the stage of financial crisis. In this case, expenses exceed income, and debts exceed liabilities. In this case, it is necessary to either raise taxes or print new money. America chose the second variant. The big difference between rich and poor people provokes internal political tension. New money is not backed by real assets and all this requires the government to make the right decisions. Many factors indicate that the crisis in the United States will drag on for several years and what its consequences are not clear today.
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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.
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I never expected the Russian economy to be this resilient. As of now, Russia is the most sanctioned country in the world. When the first set of sanctions were introduced, media channels such as CNN and BBC were predicting a complete economic meltdown in a matter of weeks, if not days. The initial indications were in that direction. The Russian Ruble exchange rate plummeted from around 70 to 140, and the stock markets collapsed completely. But then some miracle happened, and in the next few months all these loses were reversed. I regularly check the Western media, and they still publish all sort of scare stories about the Russian economy. But no one can deny the fact that the government did an amazing job to avert an economic meltdown. I think Putin has done his home work prior to this war, he knows this will happen and they have a plan of action for every move made by USA and its ally. Through this war we come to know that how big Russia oil and gas reserves are and they are game changer for Russia in current situation. Its time for Ukarine to stop playing in hands of USA and West rather talk directly with Russia for peace. Over the past few months, the situation has changed a lot and there is no point in holding peace talks between Ukraine and Russia now. Ukraine will not remain the same. Peace talks could have been held in February, but not today. Now the result of further relations between countries will be determined on the battlefield. The rest of the world will draw their own conclusions, it's only a matter of time. |
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Well if it is true that India are buying Oil from the Russians and refining it and then selling it to the EU to help Russia to bypass the "Western" sanctions... then I have no empathy for them. These sanctions were implemented to stop the WAR in the Ukraine and countries like India are sabotaging this effort by buying the Oil and profiting from the deaths of innocent Ukrainians.  India can be thankful that the "West" are not punishing them for this by implementing sanctions against them too. Just imagine what will happen to their economy if they decide to do that.  This is because the European Union needs Russian oil. With the help of India, Europe receives oil from Russia. And this mechanism works to circumvent sanctions against Russia. It is unprofitable for Europe to impose sanctions against India, because they will not be able to buy Russian oil. This is the "sanctions" against Russia and that will be enough so that the countries of Europe do not return to the primitive communal system by the beginning of winter... |
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Excellent scheme! Each country gets what it wants to get. India gets oil and makes money, Russia makes money, the European Union gets oil, and only the offended Mr. Zelensky walks around the world with his arm outstretched. Bravo! That is why it was necessary to resolve the issue at the negotiating table!
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7. France is already telling Ukraine to give up defending so that maybe they can avert food crisis themselves! What?I don't know about France telling Ukraine to give up defending.This is probably fake news. The food prices around the globe will definitely increase a lot,but I think that you are exaggerating a little bit. Ukraine actually exports a part of it's own wheat production.The wheat is being transported to the Romanian port of Konstanza,where it will be transported by sea to the west.Perhaps a part of the Ukrainian wheat has been stolen by the Russians,but they have to sell it to countries in the Middle East(or China and India).Russia also needs more income from exporting goods,so the Russians have to sell their own wheat production. I don't expect global starvation, but food will become more and more expensive for sure. Funny situation is obtained in European countries with the provision of assistance to Ukraine. Europe helps Ukraine get rid of wheat. And what will the Ukrainians themselves eat if most of their fields are not sown this year and there is no harvest? This situation will create hunger, which can cause them serious problems. Ukraine has income from pumping Russian gas through its territory. And it still brings her income. Perhaps this country will have some money to buy food for its people thanks to Russia. In Ukraine, about 90 percent of agricultural land has been sown this year compared to the previous year. The weather this year is normal, there will be a harvest in Ukraine. In the seaports of Ukraine, the Black Sea Fleet of Russia is now blocked about 22 million tons of grain, which Ukraine cannot supply to the world market. In addition, 39 ships belonging to 14 different states are also blocked by Russia in the ports of Ukraine. They cannot go to sea, because Russia has already fired on 9 ships of various states, one of them sank. Thus, Russia is now behaving in the Black Sea like a pirate who hunts robbery. At the same time, it is creating tensions with food and even the threat of starvation in some countries, trying to get some sanctions lifted from itself. This will not work in Russia. Ukraine is now striving to completely break any ties with Russia, including trade ones. From July 1, Ukraine plans to introduce a visa regime with Russia. Now Ukraine, on the contrary, would be very happy to close the gas pipelines that transport gas from Russia to Europe so that Europe does not finance Russian aggression. This may very well be the case in the near future. I would not hope for these crops. Perhaps by the end of the summer only ashes will remain of them. There is a war on the territory of this country and there is no guarantee that the crop will be able to save. It is surprising that Ukraine sends its grain to other countries. It's too complicated for me to understand  |
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To me the golden rule is to never bet on 1 horse.
Diversify your holding into stones/crypto/metals/cash en stocks.
Within this asset classes diversify too into more risk to less risk. Allocate your funds wisely because losing your hard earned money is terrible.
I think we need to invest in different projects. If we want to have a profit in the long term, then we should not be worried if our profit changes daily in the direction of decreasing. We must look at the total annual revenue and only then draw conclusions. If there is an unexpected change with some currency, then we will have several more options for saving our deposits. I think long-term investment should also pay attention to the current market situation because the purchase price has a big effect on how much profit you will earn in the future .currently the market conditions are bad and there is a high chance that the price of bitcoin will go down, so I don't think this is the right time to buy because in the next few days the price of bitcoin has the potential to go down again. I want to say that there is no need to be afraid of sharp changes in the value of cryptocurrency. You don't have to sell everything at once. You can buy cryptocurrency at a price you like, but you don’t need to sell it. During the year, the price will change and the revenue will still be. We are always afraid of a sharp price reduction, but we have to wait a while and everything will be fine again. I hope so |
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I'm glad to see others saying this.
The days of Petrodollar are over already with emergence of 2 confronting power blocs in the wold (East versus West). All these alliances from BRICS to SCO have been working towards this day. Funny enough this bloc consist of a far bigger economy, have largest land and resources and have biggest populations among themselves!
Petrodollar isn't going to completely go away though because Europeans who politically have no power for themselves and are practically US colonies, are forced to continue using it. That means US will not fall apart as long as EU is.
Remember 1973 oil crisis when few Gulf countries created shortage of oil by stopping the oil supply? USA make sure through regime change in KSA that this never happens again and till date Gulf countries rulers are puppets of usa. Its a good move by Russia to accept payment in rubble for oil export, may be this can be copied by other oil exporting countries also in future to break the supremacy of USA. Europe no doubt are also acting like colony of usa and they say what usa says. After the Second World II, Europe was destroyed and weakened. It was necessary to build houses again and rebuild cities. And the USA has played its part. The role of the lender. There were no military operations on the territory of the USA. Thus, most of the European countries became dependent on the United States and this situation has been preserved to this day. |
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Gas becomes a Russian force to suppress Europe, many European countries are very dependent on Russian gas supply, I still remember when Russia built a pipeline that reached thousands of kilometers and certainly not an easy thing to replace gas supply.
Of course! Why not? And Europe should not forget about it. If European leaders do not want to stay in the winter in the cold. There is very little time left to find alternative energy sources..... which do not exist. Russia has a strong president to benefit from this situation and that would be the right thing to do. |
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To me the golden rule is to never bet on 1 horse.
Diversify your holding into stones/crypto/metals/cash en stocks.
Within this asset classes diversify too into more risk to less risk. Allocate your funds wisely because losing your hard earned money is terrible.
I think we need to invest in different projects. If we want to have a profit in the long term, then we should not be worried if our profit changes daily in the direction of decreasing. We must look at the total annual revenue and only then draw conclusions. If there is an unexpected change with some currency, then we will have several more options for saving our deposits. |
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(Bloomberg) -- Capital controls imposed by Russia have turned the ruble into the world’s best performing currency this year, though not many people can pocket a profit on the rally.  image link: https://i.ibb.co/TtBp8hY/russian-ruble.jpgThe ruble resumed its advance against the dollar on Wednesday as the Moscow Exchange reopened after two days of public holiday. It’s now up more than 11% against the US dollar since the start of the year, surpassing the real’s 9% advance to become the top gainer among 31 major currencies tracked by Bloomberg. The offshore rate is up even more, about 12%. The ruble’s gains result from a series of measures taken by the government to defend the battered currency in the aftermath of Western sanctions. On top of imposing capital controls, Russia has forced exporters to sell foreign-exchange and is demanding its natural gas be paid for in rubles. Strategists say the rally isn’t credible as many currency-trading shops have stopped dealing in the ruble on the grounds that its value seen on monitors is not the price it can be traded at in the real world. Still, the irony of the ruble performing so well while at war is remarkable, especially as other countries that imposed capital controls in the recent past have not achieved the same results. Turkey and Argentina tried similar measures when they faced a horde of sellers in the past few years with disastrous consequences for the lira and the peso, which reached fresh all-time lows and never recovered. The ruble took over from the real as the world’s best performer as the end looms for Brazil’s monetary tightening, which is weighing on the currency. After raising the benchmark rate by 1,075 basis points since early 2021, policy makers in the Latin American nation have signaled a slowdown in the pace of hiking, as well as their intention to wrap up the cycle soon. While the real’s carry will remain high, the spread to US rates will likely shrink as the Federal Reserve keeps raising borrowing costs at an aggressive pace. https://finance.yahoo.com/news/ruble-surpasses-brazil-real-best-162446964.html .... 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? The ruble has indeed strengthened and continues to do so in the future. But this is not good for the country's economy. I think that the ruble exchange rate will be adjusted to a comfortable level. Anti-Russian sanctions had a positive impact on the ruble exchange rate, although no one could have expected this. The inflation rate has decreased in the country and this is a very good indicator for the economy. This is interesting for ordinary people, no one wants to change their usual way of life. |
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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.
I think it's very important to save money. With inflation, our money has less and less purchasing power. How to make sure that money does not turn into paper? This is a difficult task. Each person decides for himself how to save his money. How to save your money? For some, this will be an investment, for someone a bank deposit, and someone will invest all their money in cryptocurrency, everything is very individual and there is no unequivocal answer to this question. |
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Today I had a meeting with a friend of mine who teaches economics at university.
He believes when the inflation rate rises that's profitable to take a loan even with high interest to buy other assets such as gold, bitcoin, and even real estate. On one side of this theory, we usually suggest people never invest money that they can't afford to lose and don't invest the money that does not belong to them for many reasons. These are golden tips and useful in any market.
But the question is what if you do not own enough money for investing? can you take a loan and invest?
Because if you look deeply into charts of inflation rates in most the countries you can easily understand taking loans even with high interests could be useful and profitable.
Personally, I don't suggest doing this because using other people's money will put me under stress and this can have negative effects on my decisions. What do you think?
I think it depends on the character of the person. If a person is willing to take risks, then you can make an attempt to take a loan. Will this risk be justified? Nobody will give guarantees.If the situation in the country soon stabilizes and this interest rate hike is temporary, then it might not be worth the risk. Unfortunately, we cannot build long-term forecasts regarding market stability and make investments at our own discretion. Probably there are people who will pay off such investments. |
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Well, what do you want - Russia, they can’t even make a website normally  Above is another link, working, but I advise you to independently study the topic "Moans from Russia with a request to cancel very useful sanctions" The "fun" of this topic is that in Russia Putin and other "patriots" heroically talk nonsense about "ridiculous sanctions" and "benefit for the economy", but as soon as they find themselves in a normal world, groans immediately begin - well, why sanctions, oh here covid, oh there is diarrhea, oh everyone is suffering, let's take it off and we also really need to take it off, but why am I right away? As always, the classic cognitive dissonance of views and opinions, in Russian ... Well, where are the requests or pleas for the lifting of sanctions? The link is simply a statement of the fact that economic sanctions do not achieve their goals for which they were introduced. Crimea is still Russian, the operation in Ukraine is still ongoing, the sanctions have essentially changed nothing. Unless they had to feed pigs with Polish apples after Russian counter-sanctions in the fall of 2014. I'll tell you more, economic sanctions are of great benefit to Russia. Russia until 2014 was a major importer of food, and then became a major exporter. Now the US and Europe are voluntarily leaving the developed markets with huge losses, and new players are coming in their place. I wanted to write about the fact that sanctions are very useful for Russia, but you beat me to it. Sanctions allow the development of the domestic market for goods, competitiveness between manufacturers arises and the quality of goods increases. There is an impetus to the growth of the country's economy and there is no dependence on foreign supplies. With gas, this option is not suitable. It either exists in the country or it doesn't. All other items can be produced by yourself) |
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I think in this matter it is necessary to proceed from their own benefit. Will it be convenient for residents of countries that want to give up gas from Russia? If people do not feel the difference if the gas is purchased in another country, that's good. But if people suffer and a crisis begins in the country, then all these games are useless and only bring harm.
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I honestly think retiring people early isn't a solution to unemployment, from my personal understanding, doing this can even help increase unemployment, because when you retire someone who is still strong enough to work, that person will likely get bored of staying ideal and might end up looking for some where else to work.
Creating more jobs will definitely look like the solution to unemployment but then, this is not something that can be left to the government alone to do, government can not cater for everyone in a country, we still have to cater for ourselves in one way or the other, it is the duty of the government to create a welcoming environment where businesses can strive, ones this is in place, capable people can set up their own businesses that can employ tens, some hundreds of people, by doing this, unemployment will be greatly cut down to its nearest minimum in the country.
Of course this is not entirely true. To pay pensions to non-working people, other people must work and pay taxes. It will not work properly if the number of non-working people exceeds the number of working ones. In this case, it is necessary to increase the contributions of the working population. And this is extremely disadvantageous for people. I don't think this measure works. |
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A lot of money is a relative concept. Each person has their own amount of money. When the amount in the bank account increases, people begin to increase the need to purchase more and more things. If earlier a person wanted to eat tasty and a lot of food, now he wants more. He wants to travel, to lead a pleasant life. And he still won't be happy. Therefore, the process of making money is endless and there is no fixed amount to make a person happy. From this we can conclude that happiness is not in the amount of money, but in the ability to enjoy life in any case.
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I think that the main result of the government's actions is to protect its people and create good conditions for them to live and have children. I don't want to think about how other countries will live with or without gas. It is important for me that my family is warm and that we have food. I think any government should take care of this. If people live well in my country, that suits me. let the governments of other countries think about the life of their people, this is their job and they get paid for it. I want to live in a warm house. If someone wants to kindle a fire to keep warm - this is his desire. It is possible that living without gas is better and more environmentally friendly. But it's not for me.
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I would put it a little differently. I don't like the word "save". For me, this word is associated with poverty. But the expression "spend wisely" is more suitable. If a person has a goal or an idea for which they are going to save money, then there is motivation. But to deprive yourself of a lot to invest in the future, to be honest, I don’t see the point. No one knows how long your life will last, and depriving yourself of everything, constantly saving, at some point may seem very stupid.
Yes, that's the most important thing. Spend money carefully. If you constantly deny yourself some pleasures, then life will not be interesting. The meaning of further action is lost, a person is simply not interested in further development. Earning money is necessary to live an interesting life. But not to live in order to work. |
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