Is the world coming to an end? Or am i missing something here  325btc, your topics are incessantly so weird, and sometimes comic, what doomsday are you talking about, and how does it concern economic discussions that this section is for. Since this doomsday is upon us, what is the use of preparing, let us all just suck the doom in, after all we'll all be doomed right. Who knows, maybe after it is all over, things turn on its head and bitcoin becomes the only currency!   Exonomoic crash big crash and shortages of money Economic crashes happen all the time. I'd be more worried about the nuclear "doomsday" scenario. Seems the world is getting closer to global conflicts in an age of nuclear weapons. We essentially have to rely on dictatorial maniacs keeping the peace. WW2 would have looked a lot different in the Germans were able develop their nuclear technology at the same rate as the U.S. In the true doomsday scenario, I would not prepare. Surviving a nuclear winter, even living in a bunker, would be miserable. Stocking up on a few extra cases of water and cans of food isn't going to help much during a nuclear winter. At that point, it'd be worth it just to accept your fate. |
|
|
|
Japan records single biggest increase in Coronavirus cases, reaching 186,000 new cases: https://www.japantimes.co.jp/news/2022/07/21/national/covid19-tracker-july-21/Japan has 80% of its population vaccinated, 62% of its population boosted: https://vdata.nikkei.com/en/newsgraphics/coronavirus-vaccine-status/You will recall Japan did not experience a significant outbreak early in the pandemic, which was alleged to have been due to mask wearing. Plenty in Japan still mask - they just do nothing, hence the significant outbreak despite a highly vaccinated population. These outbreaks will continue in countries that were not effected by the initial variants. Newer variants are too transmissible for masking to be effective. COVID-19 vaccines are obsolete. |
|
|
|
|
For the same reason most markets move in tandem - the financial sectors are intertwined and they all generally move in the same direction, despite slight deviations individually.
You can look at the market caps of each currency if you want to determine relative power over the crypto market. For obvious reasons, Bitcoin has the most control.
|
|
|
|
Food shortages? Go resteraunt kitchen see how much FOOD they just trhow away.
Their green energy initiatives will bite them severely. I suppose relying on a senile dictator for cheap energy has its consequences. Just like the world putting their manufacturing basket in China, it has come back to bite them. Everything has a consequence. Europe should have been preparing for this since 2014/crimea but they don't learn from their history.. Someone did try to warn them. Donald Trump was laughed at by the Germans for his warning in 2018: https://www.youtube.com/watch?v=1JpwkeTBwgsI suppose the Germans will not be laughing so much during winter time. Says a lot about centralization too, doesn't it? Had Germany diversified their energy sources, there wouldn't be a reliance on Russia. I think you're right about China. Too much of the western world depends on their cheap manufacturing. It can't last forever. |
|
|
|
|
I don't understand why people are still concerned with Elon Musk and crypto currency, apart from the degenerate doge coin gamblers that are dependent on Elon Musk tweeting "doge" so they can do a quick sell off on the momentary price increase. Musk has made it clear, he has no intentions on using/promoting Bitcoin because of the environmental impact. It's nonsense.
|
|
|
|
Joe Biden tests positive for COVID-19: https://nypost.com/2022/07/21/president-joe-biden-tests-positive-for-covid-19He should be perfectly fine. Obese Trump tested positive with the more deadly delta variant, prior to vaccination, and turned out okay. I'm sure triple vaccinated Biden will do just fine with omicron (or whatever variants are floating around). That means the world gets to enjoy President Harris for the time being while Biden is MIA. |
|
|
|
Lets roll back and talk about 2022, the things that the world faced in 2022 :
War
Pandemic
Both of these together are the most awful combinations as well and then we have a massive decline in sources like grains and also oil this the prices will ofcourse rise which also means that, government cannot just sit down and try and do their best because at the end of the day, they cannot control these things, only to an extent, in the USA people were given so much money due to the pandemic now the situation is still terrible is it not ?
They should have definitely handled it better but they cannot just take away all the negative waves from these things.
The war and the pandemic contributed to inflation such that they caused the most irresponsible fiscal policy seen in modern history. Most developed countries locked down their economies and provided stimulation through money printing which caused the foreseeable result of inflation. The pandemic/war would have caused supply chain issues due to low supply and high demand, but the prices would eventually stabilize once the supply normalized. Government induced inflation by virtue of money printing will cause permanent price increases irrespective of the supply chain logistics. Once the money is injected into the economy, it will be there forever. |
|
|
|
Food shortages? Go resteraunt kitchen see how much FOOD they just trhow away.
The people that die from famine aren't the fat cows that live in developed countries, unable to walk up a flight of steps without being out of breath. It's people in developing countries that don't have the luxury of being able to go to a restaurant or grocery store which has a stockpile of food, resupplied by a functioning supply chain on a moments notice. The Germans and others in Europe will find out how important energy is when they're freezing during the winter time. Their green energy initiatives will bite them severely. I suppose relying on a senile dictator for cheap energy has its consequences. |
|
|
|
I recall after watching the footage of the assassination, his "bodyguards" were quick in neutralizing the threat only after the second gunshot. One of Abe's officers had quit literally used a briefcase to stop the projectiles firing from the assailant's gun, to no avail. Not much that they could've have done in real time, but perhaps in hindsight not using a briefcase to stop a firearm will be added to the training books. Does this incident have any impact over the cryptocurrency market.
Political assassination only have local effects on the economy, not global ramifications. Exceptions being political leaders in large countries in high power, ie the U.S. President or Chinese President. Sometimes the local economies aren't even effected. Mexico sees routine political assassinations and they're added to the growing body count without any apprehension from anyone. |
|
|
|
|
You can have taxes in a decentralized financial society. The government would compel you to pay taxes regardless if they have control over your finances or not. They'd just show up to your front doorstep with a gun and threaten you with violence or jail until you comply.
I'm not one of those "taxation is theft" type of people. The government serves the reasonable purpose of collecting taxes. Crypto might increase the burden of the government to collect taxes, but that's not something I'm concerned about. They already have immense power. Forcing them to jump through a few hoops for folks that don't willingly comply isn't the end of the world.
|
|
|
|
Do you think that the Federal Reserve has enough power to control inflation within 2% over the next two years? If the Dollar continually rises I suppose its possible because import costs will drop and effectively inflation is exported to other nations. Ultimately the rate rises also require debt reduction and bond repurchases to reverse QE and none of that is especially possible as there is fiscal and trade deficit still remaining in close proximity. If perhaps USA were to become one of the worlds largest oil exporters, refining and raw crude to supply nations such as China or India who have billions of people but barely any oil to supply their growing GDP then it could all balance out to currency strength and low inflation. I think we stall basically, Dollar will reflect lost value that only YEN is currently showing as their QE is far advanced of ours but its not too far away a similar situation of excess debt inability to repay only refinance which implies both weak currency and effective inflation above interest rates given. QE was only part of the inflation, though. It was too be expected that some inflation would've occurred after the economy crashed in 2008, but COVID took inflation and spiraled it out of control. We would not have seen a near 10 percent inflation rate without the irresponsible fiscal policy post COVID. Debt is obviously an issue, but the money printing the U.S. government endorsed in 2020 and beyond, in combination with shutting down of major businesses, essentially took what would have been mild inflation and multiplied it. There is not really an end to it without at least a recession. I don't see the U.S. changing their energy policy soon, at least not until Biden gets out of the white house so the oil strategy won't work. |
|
|
|
Russia already won the war. The only reason Putin is still sticking around is to help people believe it. I don’t know if I’d say Russia has already won the war, but they did accomplish their goals. However, with the dollar’s recent strength you can see that the West is fighting back. Currently though, Russia is bringing in a whole lot of revenue while seeding doubt in the US Dollar’s ability to maintain it’s global reserve currency status going forward. They haven't won, yet. This will go on for years and I don't see Ukraine "winning." That is to say, I don't see them retaking their territories from Russian forces. Their economy is shattered, major cities destroyed, and their losing men every day. I haven't kept up with day-to-day reports, but I don't see anything that would change my outlook on Ukraine. |
|
|
|
|
Traditionalist in the financial sectors are pretty resistant to change. I don't understand why folks take the stock guys' opinions seriously. Bitcoin's a direct competitor and they wouldn't be tarnishing Bitcoin if they had been able to profit from it what they did with stocks.
Doesn't even make sense for these stock guys to be treating crypto the same as a speculative asset anyways. I understand Bitcoin can be speculative, but it's inherent design is as a currency. They're making an apples to oranges comparison.
|
|
|
|
A common excuse as to why people Don't use BTC cryptocurrencies for their everyday purchases is Because it’s not really accepted anywhere. I don't really agree with this statements, btc is not widely accepted but it is accepted in many online and offline stores. Part of the reason why people don't use crypto is lack of aware and understanding, when a good number of people understands btc properly the awareness will increase and so will be acceptance. Most places don't accept Bitcoin, though. I don't see that as a large obstacle because there are other ways you can spend Bitcoin without needing to rely on local businesses to do so, but I understand the appeal of not wanting to use Bitcoin if you end up having to keep swapping it with fiat in order to do business. The conversion fees end up being quite the hassle. Online stores aren't the only places where people need to conduct commerce, you know. |
|
|
|
Three weeks ago, I liquidated 10k from my stock portfolio into my bank account. My plan was to dump it into Bitcoin as soon as it dipped under 17k. But now, for the first time since I got into crypto investing in 2017, I'm having major doubts. I'm beginning to wonder whether Bitcoin has a long-term future, now that much of the world's nations are caught up in this 'climate' hysteria, and want to ban proof-of-work protocols, like Bitcoin, which they claim is harmful to the environment. For example, the EU recently held a vote to ban proof-of-work mining across member nations*. Thankfully, the vote failed, but this wasn't the first time they attempted it, and I don't think it'll be the last. Eventually, as younger and more 'progressive' individuals enter positions of political power in Europe, my guess is that they'll succeed. And, once they do, the other chimpanzees in countries around the world will follow them, potentially causing the demise of our beloved cryptocurrency. Thoughts? * https://www.coindesk.com/policy/2022/03/14/proposal-limiting-proof-of-work-is-rejected-in-eu-parliament-committee-vote-sources/You should get prepared for more desperate attacks on crypto as the industry grows at the expense of fiat currencies. Most people are susceptible because the propaganda campaign works well from the government. Consider the basic premise that the government endorsed currency that your country holds is designed to inflate and lose purchasing power over time. Now, consider that nearly every country in the world is having record high inflation rates with investors dumbfounded on where to put their money because of low market confidence. It means global markets are down and right now is a great time to invest if a +ROI is your only concern. |
|
|
|
|
This happens more often than people think, not only in countries with communist/authoritarian governments. Canada a few months ago had began seizing people's bank accounts and freezing funds from people who merely received money from protesting truckers. The willingness of banking institutions to act on the government's whim is abhorrent and your funds are not safe even if you are a law abiding citizen. Your funds can disappear without any recourse.
|
|
|
|
Trump is less damaging than the progressive fascists that are gaining power in the democratic party, but he is also the person with the biggest amount of liability.
Probably time to find another buzz word to use now that we know Trump is literally a fascist. He's seems really bad at it considering he isn't in office anymore. Who would've known. |
|
|
|
https://thehill.com/homenews/campaign/3559279-trump-says-hes-made-up-his-mind-about-2024-big-decision-is-if-announcement-is-before-or-after-midterms/Trump will run again, it is all but confirmed. Geriatric vs. geriatric, round 2, except I'm not sure Biden will run again so perhaps an asterisk marked under the democratic nominee. American conservatives, specifically the neocons have to deal with this mindless fool running over strict constitutional conservatives that would have run in 2024. Trump is a wrecking ball and brings the worst out of people so it's best that some politicians sit this one out and hope for 2028. Trump is less damaging than the progressive fascists that are gaining power in the democratic party, but he is also the person with the biggest amount of liability.
|
|
|
|
|
I'm curious on how long the West believes they should sanction Russia because the Euro is on the decline and is on par with USD at the moment.
The so called "economists" seem to be ignoring the other half of the sanctions which include hurting the economies of any countries who wish not to do any transactions with Russia. If the west doesn't want cheap oil in efforts to hurt the Russian economy, fine. But perhaps reevaluating how far they wish to tank their economies/currencies would be worthy of consideration.
|
|
|
|
|
Show Posts
