Which country between these two would you rather see welcoming crypto and fully embracing Bitcoin? China? The United States?
I read an article that says that upon the ban of Cryptocurrencies in China over 30 million Chinese are using Crypto in the country.
At this point in Bitcoin and crypto life, Ban is no more an issue it seems, what do you think about this? It's like saying a country ban VPNs where as you can bypass any country's FireWall.
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Let me tell you, the banning of cryptocurrencies is no longer a big deal. People always find ways to bypass any country's firewall, you know what I mean? It's like playing hide and seek with your little cousin; they'll always find you. But, the banning of crypto still has an impact on the market, as seen in the recent dip. However, don't get it twisted, crypto is not dying, it's just getting started! China has already proven that it's a crypto badass, with over 30 million Chinese using crypto despite the ban. But what about the US? Well, let me tell you, the US is like a superhero that's been hiding their powers for too long. With their massive economy and technological advancements, the US has the potential to become a crypto leader. |
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War is one thing that no society should engage themselves into as its effect is devastating and unforgettable upon generations. When two or more countries are warring it is said that there are other countries that benefits in one way or the other from the war as it prolongs and intensifies, especially economical benefits is one of such.
The ongoing war between Russia and Ukraine which has been on for almost a year now and the effects of the war between these two is not only on the two warring countries alone but has gone so far as affecting the economies of many countries of the world that have no involvement or interference in the said war. countries of Europe are experiencing a fall short in gas supply, while those of Africa and other continent suffer from economic downfall as a result of certain products and services that are no longer in-coming due to the war effect.
With this Russia Ukraine war which the effect is felt in almost all parts of the world directly and indirectly, I want to ask are there beneficiaries to this war and in what ways are they benefiting from it.
Bruh, I feel you on the war and sht going on between Russia and Ukraine. Wars are a real mess, and they can fck up society for a long time. But there are always people making money off it. Usually, it's those with access to resources and technology that they can use to get rich from war. The ongoing conflict between Russia and Ukraine has really messed up the economy for a bunch of countries. Lots of products and services aren't available anymore because of the war. But there are people benefiting from it too, like those making and selling arms and ammunition, or those giving logistical support to the military. The war in Ukraine is hella complicated, and it's not easy to find a solution that everyone will be happy with. But we can do stuff to help innocent civilians, like giving aid and support to those affected by the war. And we need to get the warring parties to talk and find a peaceful solution to the conflict. |
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Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?
Time for the OG good debt vs. whack debt debate. Discuss what distinguishes them. Bad debts are when you buy cool furnishings or a new car without making money or increasing in value. However, good debts, like exquisite wines, improve over time, like investing in sick real estate or glamorous precious metals. Let's become political and ask, "Is Bitcoin a good or bad debt?" Some say it's a good debt because it might rise in value, while others think it's crazy due to crypto market instability. Keep it 100 and state borrowing money to buy Bitcoin should only be done after careful consideration of the risks and rewards. Keep it lighthearted and say, "Don't worry, dude—I got you! We can create our own cryptocurrency if Bitcoin drops! Create 'ChatCoin' and let it rain!" |
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I look to it that the war affecting the economy of every country and with research about it , Al-Jazeera gave detail of how some countries is affected and if the war did not stop , more of the country will keep suffering. Russia is part of the biggest supplier in oil and the short suorpply is affecting the world. The war is affecting the europe countries hard because two countries in the war are two big supplies to europe. Russia cut supply of oil to euro and that affecting production, gas use. The Ukraine economy supply large amount of iron, steel, ore,stag and ash to the world and euro now in shortage include animal vegetable fats and oil to euro and the other countries.
This is hard time for economy to survive what is your thinking about the collapsing of world economy with highing inflation.
The Russia-Ukraine war is destroying the global economy. A huge oil supply deficit is driving up prices. This terrible situation requires immediate and strong global action. The only issue? Nobody wants to be kind anymore. Every nation is focused on itself, and cooperation is gone. Some governments are worsening the war to achieve strategic interests. Those jerks must be punished. We must encourage the world community to act quickly and decisively against war-mongering nations. Rethink our economic policies and prioritize sustainable growth and development. Unless we act now, we'll destroy the global economy and leave future generations with our mess. |
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BRICS nations are advancing at a fast pace to eliminate the U.S. dollar-dominated financial system. The first step is to bypass the U.S. dollar and the second step is to create a new currency to settle international trades. While the first step is already in practice, the second step could be put in place after the BRICS summit in August 2023.
The alliance countries have already taken measures to bypass the US-dominated global financial system. The aim is to move away from the dependency on the U.S. dollar and provide an alternative global financial option. BRICS is an alliance of Brazil, Russia, India, China, and South Africa.
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Get this, the BRICS coalition is making huge attempts to eliminate the USD-dominated banking system. But developing a new currency takes hard work and resources. Consider the global impact of such a decision, not just on the alliance. It might shift the global financial balance and provide developing nations new chances. BRICS countries have made progress by bypassing the US-dominated banking system by settling global trades in their own currencies. They're proposing a new currency at their forthcoming conference in South Africa, which would hurt US dollar demand. |
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i am studying in college, i was really excited to get my first credit card  . i thought it will give me a sense of independence and allow me to buy things i could not afford with cash. though, i quickly learned that credit cards can be a double edged sword. while they can be helpful in building credit, they can also lead to debt and financial trouble if not used responsibly. ... I get wanting a credit card, but be wise about it, homie. Credit cards might help you build credit and buy what you need, but they can also make you broke. My advice? Limit yourself monthly and don't exceed it. Use cash instead of plastic at the club or movie with your partner to avoid getting crazy. Don't forget to pay off the debt each month to avoid a big bill. Keep track of your expenditures and secure your finances. That will get you living your best life quickly |
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The news related to scams are never ending and sorry but they are always laughable incidences. I can't digest what happened to the victimized woman but I just laugh at it. This is not the first time someone got scammed with the "Book of Friendship" role play.
So this news is from an Arabian country, Shrajha, and the woman in the news lost over a million Dirham. That's sad to hear but what is sad is that she lost it in greed and with the unknown person who mates here online via WhatsApp.
Seriously guys, how can one believe a stranger who just texted you randomly, calling it a sweet accident, telling some sweet stories with you, and luring you into the world of scams!!
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Sara's story is heartbreaking, but frauds like these won't cease as long as people are irresponsible with their cash. Before spending money, you must comprehend what you're buying. Sara learned the hard way that naively trusting a stranger you meet online is stupid. There are restrictions to protect investors from fraud, so be sure your investment site is real before investing. This is especially important with cryptocurrency, which is unregulated and prime ground for scammers. We must learn from Sara's mistake and be more cautious in the future. |
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Prime minister Sunak led the country to the UK, and his dream to make the UK a Crypto Hub is breaking apart considering the main system is ignoring the whole concept of what the PM stated in the first place.
With the recent news, UK banks are not accepting any Crypto-associated users and companies to open their bank accounts with them, banks are also freezing the accounts of current users/companies, and those who have accounts already approved, are asking for more and more documentation.
In short, they do not want anyone to operate crypto-related accounts.
On the other hand, Gordon Duff said that European Union is also trying to make efforts which are in turn making various banks "receptive" to the technology but the UK is doing exactly the opposite to that.
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PM Sunak wanted to make the UK a crypto paradise, but banks refused. Old-school banks can't keep up with disruptive tech, you know? UK banks are much more closed-minded than EU banks, which are striving to handle digital assets. The UK has hardly little crypto VC investment. Cryptocurrency enthusiasts are using payment processors to survive. This can't last forever, guy. The government must intervene against banks that limit or ban crypto transactions. Change is hard, but we must move forward, right? |
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Gold bug and economist Peter Schiff has urged U.S. dollar holders to get rid of their USD now. He tweeted Friday:
"How much clearer does the writing on the wall need to be? Get rid of your U.S. dollars now, while there’s still enough people who still can’t read it."
"The dollar’s reserve currency status is in jeopardy, as is the American standard of living that depends on it. The best move you can make to mitigate your personal loss is to divest of dollars and dollar-denominated financial assets".
The economist has repeatedly issued warnings about the state of the U.S. economy and the looming devaluation of the U.S. dollar. In a recent tweet, he cautioned that the U.S. economy is “poised on the biggest economic disaster in its history,” emphasizing that we are on the cusp of a financial crisis that will be bigger than the last one.
Schiff also tweeted Thursday:
"Soon everyone in America will be a multi millionaire. But don’t get too excited. Chewing gum will sell for over $1,000 per pack and all those higher taxes meant to soak today’s millionaires and billionaires will drench tomorrow’s middle class". source We have seen lately how many individual bodies, government representative of different country's have been on the motion of finding another alternative to the US dollar, which many are already adopting to new international payment currency, why others are still using it to some point. Read lots of article lately regarding Dedollarisation, my question here are: Are we totally ready for the so called "DEDOLLARISATION" ? Will there be any negative impact on the world economy if a hatch decision is being taken towards abandoning the USD for any alternative? Hey, folks! Peter Schiff's diatribe against the dollar's reserve currency status is must-listen. Many countries are abandoning the dollar for international transactions, which might hurt the U.S. economy and lifestyle. Schiff is right—it's not the apocalypse, but we must prepare for change. What is "divest of dollars and dollar-denominated financial assets"? You can't sell all your dollars and invest in other currencies or assets. That's child's play compared to genuine. Being too early or late to the celebration is equally risky. So, the lowdown? No one knows the answer to that difficult question |
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PostFinance is really stepping up their game by getting into crypto! And teaming up with Sygnum Bank, who's been in the game for four years, just proves it's legit and regulated. Their 2.5 million customers now have even more options for their money with access to top cryptos like bitcoin and ether. This move was partly due to peeps ditching traditional banks for the digital asset class, so PostFinance is smart to keep up with the times. They're showing they're not afraid of new technology, and I respect that. |
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The idea of the first-ever fully digital bond in the world blew my mind, bro! It's insane how they're going to trade that bad boy on Blockstream AMP. That's a platform used for digital assets on the Liquid Network. This means the whole trading activity will be entirely digital, making it cheap as hell for the issuer and the investors, yo! It's dope that they're letting peeps purchase it with USD, BTC, and USDT, making it more accessible to everyone. But, let's be real, we still don't know what the heck is gonna happen with this project. I'm optimistic, but like, lowkey scared too. Only time will tell if this bond will be a banger or a bust. Speaking of this whole Bitcoin thing, it's wild that El Salvador is all about it. It's like they're trying to start a whole new ball game in finance. But, building a whole new city just to promote Bitcoin? That's some next level cray. Like, there are so many other things they could use that money for, you feel me? Also, this whole citizenship thing is sus as heck. Like, are they really using citizenship as a commodity now? That's shady AF. Props to El Salvador for taking a risk and doing something different, but they need to make sure they're not screwing over their own people in the process. |
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SourceFor some, this might be a surprise since we've been bombarded with news about how sanctions don't work, how Russia is making quadrillions from energy exports, , and many more claims that were simply unbelievable for someone who would know basic economics. And just as propaganda fades away when hit by reality, so have Russian claims ... Okay, so let's dive into the tea on Russia's economy. Everyone and their mama has been arguing about it lately. Some people were all like, "nah, the sanctions ain't gonna do nothin'," while others side-eyed Russia's claim that they had a surplus. But, like always, the truth is a hot mess in between those two extremes. Russia claimed they had a surplus, but now they're dealing with a 2.3% deficit 'cause of gas prices taking a dive, people getting laid off, and that whole situation with Ukraine. But here's the kicker, that deficit could be even worse than what they're saying. That's why we need transparency and accountability, y'all. Bruh, it ain't simple, and we can't fix it with just one quick fix. Some people might say that we need to be more nationalistic, but that won't fix what's really going on with the economy. We need leaders that will actually answer to the people and make real moves to fix things, even if it's tough. 'Cause, let's be real, the alternative is straight-up whack. |
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Gold bug and economist Peter Schiff has urged U.S. dollar holders to get rid of their USD now. He tweeted Friday:
"How much clearer does the writing on the wall need to be? Get rid of your U.S. dollars now, while there’s still enough people who still can’t read it."
"The dollar’s reserve currency status is in jeopardy, as is the American standard of living that depends on it. The best move you can make to mitigate your personal loss is to divest of dollars and dollar-denominated financial assets".
The economist has repeatedly issued warnings about the state of the U.S. economy and the looming devaluation of the U.S. dollar. In a recent tweet, he cautioned that the U.S. economy is “poised on the biggest economic disaster in its history,” emphasizing that we are on the cusp of a financial crisis that will be bigger than the last one.
Schiff also tweeted Thursday:
"Soon everyone in America will be a multi millionaire. But don’t get too excited. Chewing gum will sell for over $1,000 per pack and all those higher taxes meant to soak today’s millionaires and billionaires will drench tomorrow’s middle class". source We have seen lately how many individual bodies, government representative of different country's have been on the motion of finding another alternative to the US dollar, which many are already adopting to new international payment currency, why others are still using it to some point. Read lots of article lately regarding Dedollarisation, my question here are: Are we totally ready for the so called "DEDOLLARISATION" ? Will there be any negative impact on the world economy if a hatch decision is being taken towards abandoning the USD for any alternative? Peter Schiff may have a valid point about the future of the US economy and the dollar, but we gotta think about all the crazy impacts of Dedollarisation. If we just drop the dollar like it's hot, the whole world could go down the drain, especially since it's the reserve currency and all that jazz. So here's the dealio, we gotta tread real careful when it comes to Dedollarisation, ya dig? But hey, let's not be afraid to take a walk on the wild side and check out other payment currencies, yo. The USD is pretty shaky, so it's about time we diversify our dough to avoid getting caught in the crossfire, you feel me? And hey, who knows, maybe this Dedollarisation thing could be the start of something big for countries out there, leading to some serious moolah. |
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Over-reliance on the US dollar can have several negative effects on countries that heavily depend on it as their primary reserve currency. With the expansion of BRICS (Brazil, Russia, India, China, South Africa), there has been a growing trend of countries diversifying their reserves away from the US dollar and towards other currencies, including the Chinese yuan.
One of the primary effects of over-reliance on the US dollar is that it can make a country vulnerable to fluctuations in the value of the dollar. If the dollar weakens, the value of the country's reserves also declines, which can have negative implications for their economy.
Furthermore, being too dependent on the US dollar can limit a country's ability to conduct international trade with other countries that use different currencies. This can lead to increased transaction costs, as well as make it more difficult to negotiate favorable trade agreements.
In relation to China's expansion of the BRICS, their efforts to promote the use of the yuan as an alternative to the US dollar could potentially have several positive effects for countries that adopt it. For example, it could lead to increased trade with China, which is currently the world's largest exporter. It could also reduce the vulnerability of countries to fluctuations in the value of the US dollar.
However, there are also potential risks associated with China's expansion of the BRICS, particularly with regard to its geopolitical ambitions. Some countries may be concerned about the growing influence of China and its potential use of economic leverage to achieve political goals.
Overall, over-reliance on the US dollar can have negative implications for countries that heavily depend on it, and the expansion of the BRICS could provide an opportunity for countries to diversify their reserves and reduce their vulnerability to fluctuations in the value of the US dollar. However, there are also potential risks associated with this shift, particularly with regard to China's growing economic and geopolitical influence
Thanks for spilling the tea on how relying too much on the dollar can be both good and bad. I gotta say, I'm loving how the BRICS are shaking things up. It's about time we diversify our reserves and make ourselves less vulnerable to fluctuations. Plus, who doesn't love new opportunities for trade and growth, amirite? Personally, I'm feeling the Chinese yuan as a dope alternative reserve currency. China is already killing it in exports, and if they start promoting the yuan, it could be a game-changer for trade and investment. But let's not ignore the fact that China's getting more and more powerful, and that could cause some problems for other countries. Basically, countries need to do their homework before jumping into the currency game. Sure, there are risks involved, but I think the potential gains are worth checking out. |
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This news is from the IT Hub of India, that is Kolkata. The Techie who is just 23 years old had invested a big amount of money in the Crypto space. The investment when asked him was around INR 30 lakh ~ $ 36,600 in US dollars. That is a definitely huge amount considering his age and country of residence. Even in America, 36K USD is pretty handsome money and you can do many things with it. So the gravity of this can be sensed easily. He was saved by the Cops after a local Cab driver alerted the police and the response team was at the incident quickly. He was trying to jump from the largest bridge on the river named "Hooghly" to end his life. The investment was not his alone but he collected the money from various sources. He took loans and also was using the pension from his mother. Definitely, he had no plans and no idea what he was doing. Just save up your bitcoins in cold storage, only buy what you can afford to lose and most importantly don't fall for the traps of crypto space.
Bitcoin is the only savior in crypto and if you own the keys, you win the market. Read the news here: Techie loses Rs 30 lakh in crypto market, tries to jump off ..Did you peep that young tech guy who got himself caught up in the seedy underbelly of the crypto game? It's wild how many success stories there are out there, but there's also some serious losses to be had if you're not careful. You gotta keep a real critical eye when you're thinking about investing in this world. So, this guy was hustling up cash from all kinds of sources to throw it all in on crypto. Shows how wild easy it is to get swept up in the hype. But investing is not a game, and you need to be on top of your performance. You gotta think hard about the risks before you do anything, you feel me? The po-pos acted quick and saved the young buck. Mental health is just as important as financial health, and you gotta take care of both. That whole deal should be a wake-up call for anyone thinking of jumpin' into the crypto game. You gotta do your research and get the expert's opinion before you make any big moves. |
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Money and education which one of these is advisable to achieve?
They constantly say education is the key to success but in my country today many graduates don't have a job, and most of them are still fed by their parents, and that's not the way it's supposed to be.
And again they also said money is potency and fondness. Yes, money is power even if you are not a graduate or you haven't been to college before and you have the money you can even employ a graduate to work for you.
Presently now in my wonderful fatherland NIGERIA 🇳🇬 I can see the power of money.
Please any advice?
Money and education are two dope resources that can help you succeed, but they ain't interchangeable. Education gives you mad knowledge, sick critical thinking skills, and introduces you to new ideas. Money, on the other hand, can provide some financial stability and the chance to invest in yourself. But, ya gotta keep it real, not everyone can get access to education or financial resources, and some hella unfair systems can make it harder for peeps to get ahead. Let me tell you something about Nigeria. It's like trying to run through a minefield blindfolded over there. Corruption and nepotism are the big bad wolves that keep talented and hardworking individuals from getting anywhere. But we ain't gonna just roll over and play dead, nah. We gotta push for education and economic opportunities for everyone, while also keeping it 100 about the obstacles we face. You feel me? But even in the midst of all the craziness, we gotta keep striving for personal growth and be empathetic towards others. It's all about that social responsibility, baby! |
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Gold buyers binge on biggest volumes for 55 yearsCentral banks are scooping up gold at the fastest pace since 1967, with analysts pinning China and Russia as big buyers in an indication that some nations are keen to diversify their reserves away from the dollar. Data compiled the World Gold Council, an industry-funded group, has shown demand for the precious metal has outstripped any annual amount in the past 55 years. Last month’s estimates are also far larger than central banks’ official reported figures, sparking speculation in the industry over the identity of the buyers and their motivations. The last time this level of buying was seen marked a historical turning point for the global monetary system. In 1967, European central banks bought massive volumes of gold from the US, leading to a run on the price and the collapse of the London Gold Pool of reserves. That hastened the eventual demise of the Bretton Woods System that tied the value of the US dollar to the precious metal.Last month the WCG estimated the world’s official financial institutions have bought 673 tonnes. And in the third quarter alone central banks bought almost 400 tonnes of gold, the largest three-month binge since quarterly records began in 2000.  “The message these central banks are sending by putting a larger share of their reserves in gold is that they don’t want to be reliant on the US dollar as their main reserve asset,” Menke said. Some in the industry speculate Middle Eastern governments are using fossil fuel export revenues to buy gold, most likely through sovereign wealth funds. The world continues dumping US dollar, I've already talked about India buying gold and many times about Iran accumulating gold over the past couple of years. Now we have evidence of the other Eastern powers buying large amounts of gold. Many other smaller countries that don't fall into the global geopolitics like Qatar, Turkey, Uzbekistan, some African countries, etc. are also accumulating more gold. This is the New World Order that is forming in front of our eyes, the old Dollar standard is slowly but surely going away which is causing high inflation in US as all the unbacked dollars they'd printed all these years are being dumped on USA itself and even higher inflation is seen in any country that is importing US inflation like Europe. Experts suggest that if US wasn't exporting its inflation, the real US inflation would have been somewhere north of 450% and that's where it's headed as the dollar dumping continues. I recently watched an analyst who suggested that this is World War 3 which will be fought (at least for now) economically. The East vs. West as the East dumps US dollar that strains US economy. China suddenly lets loose COVID on the world (this past 2 weeks) that is already showing an increase in EU and US. Oil price ends the year with the 2nd straight annual gain and the general high energy prices among other things is slowly rendering EU useless as an economy and industrial power. Although economy is not the only battlefield (we have energy, food and actual armed conflict between proxies) but it is affecting us the most. It is even affecting bitcoin price as it has successfully prevented its rise to higher ATH last year and even changed its bull trend and crashed the price below the previous (2017) ATH for the first time in bitcoin history. With that said, 2023 outlook is already bad economically speaking. How much of the points I raised do you agree with and how do you see 2023 specially when dollar dumping continues?It's clear that the world is changing, and the old Dollar standard is slowly but surely going away. As more and more countries accumulate gold, the dollar is being dumped on the US, causing high inflation in the country. Experts suggest that if the US wasn't exporting its inflation, the real US inflation would have been somewhere north of 450%, and that's where it's headed as the dollar dumping continues. This is leading to the formation of a new world order, with the East vs. West as the East dumps the US dollar and strains the US economy. The situation is affecting not just the economy, but also energy, food, and actual armed conflict between proxies. It's clear that we're in the middle of a global economic war, and it's affecting us all. However, there may be some hope on the horizon. As more countries diversify their reserves away from the dollar and into other assets, we may see a more stable global economic system in the future. |
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This is not good considering the current market situation of crypto. There are already hundreds of bad news out there, for example, exchangers collapse, Bank collapses, a few exchangers getting licenses banned, and much more. Most of the news also came from the USA only. Here, if you read this news then it's coming as a shock that US security is at stake after careful reviewing of how the DeFi market is home to illicit spammers, money launderers, and much more! This side of crypto is helping them move the funds around the world without any hesitation and thus keeping all the regulators under pressure. Recently, a US treasurer made an official statement that US security is not good in terms of financial management considering the large volume of money is getting diverted through the DeFi line which is for illegal stuff. We have awakened the regulator's dragon, and I don't know but this could place crypto at risk. WASHINGTON—The burgeoning decentralized cryptocurrency market threatens U.S. national security and needs greater oversight and enforcement against money-laundering, the U.S. Treasury Department said on Thursday.
The warning, in a new Treasury report assessing the risk of the so-called DeFi markets, lays the foundation for tougher regulations and punitive action by federal agencies.
DeFi platforms enable crypto investors to transact with each other through software running online, without a central intermediary overseeing transactions. Without the intermediaries of traditional finance such as banks, regulators currently have little insight into DeFi transactions.
Ransomware hackers, rogue states and other national security threats have seized upon the market’s opaqueness to move money around the world without detection, facilitating the financing critical to their operations, the Treasury Department report said.
“Illicit actors, including criminals, scammers, and North Korean cyber actors are using DeFi services in the process of laundering illicit funds,” said Brian Nelson, Treasury’s undersecretary for terrorism and financial intelligence. “Capturing the potential benefits associated with DeFi services requires addressing these risks.”
The report sketches out how the Treasury Department plans to bring the market under greater federal oversight, suggesting that platforms that fail to establish sufficient vetting policies risk enforcement action.
The private sector should use the department’s findings to inform their own risk mitigation strategies, the Treasury undersecretary said. Companies need to take clear steps, in line with regulations to counter money laundering, terror financing and sanctions-evasion, to prevent illicit actors from abusing DeFi services, Mr. Nelson said.
Among its recommendations, the Treasury Department said the federal government needs to bolster its existing supervision and enforcement of the market by requiring platforms to adhere to the same anti-money-laundering rules that banks and other financial institutions must follow. Federal agencies also need to expand their regulatory powers to cover potential gaps in oversight of the markets, it said, and work with other governments to establish international standards. Decentralized Cryptocurrency Markets Threaten U.S. Security, Treasury SaysHearing that the DeFi markets are a threat to US national security is seriously concerning, man. That report from the Treasury Department is showing us some real talk about how risky the crypto world can be. It's true that without the right oversight, some bad apples can use DeFi services for dirty money laundry and other illegal activities. But let's not forget about the potential good things that DeFi services can bring, ya feel me? Like the Treasury undersecretary said, we gotta address these risks so we can get all the benefits of DeFi services. The private sector needs to get their act together, like yesterday. We can't let those sketchy folks take advantage of DeFi services, it's just not cool. The companies need to play by the rules, plain and simple. That means no money laundering, no funding terror, no dodging sanctions. And they need to be on top of things, coming up with ways to stop DeFi services from getting abused. Even though the report sounds like a bummer, I still think that with some good regulations, DeFi services can help bring financial inclusion and innovation to the masses. Governments worldwide need to work together and establish some international standards and beef up their regulatory powers to make sure nothing falls through the cracks. Cryptocurrencies are here to stay, so we gotta make sure they're being used the right way. |
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When you're short on cash, it can be difficult to quit borrowing money.
Everyone has been there. We're short on cash and in a lot of debt, but a cover loan to get out of the red and even improve our readiness is the light at the end of the tunnel.
Blissful days? Sadly, no. It all comes down to the straightforward, yet frequently misunderstood, formula that says borrowing more money equals more debt. It is more difficult to return to black the more debt you accumulate.
The majority of us live beyond our means, which is one of the primary causes of our ever-increasing habit of borrowing money. Simply put, incomings are outpacing outgoings. It's also getting worse.
More than at any time in the past two decades, millions of Americans are spending more than they earn. Spending on credit cards, the most common type of personal debt, is estimated to be rising at a rate faster than at any other time in American history.
Oh boy, the classic problem of being broke as a joke. Borrowing money may seem like a way out, but is it? To be honest, the last thing you wanna do is put yourself in a deeper hole of debt. Why not get creative with your funds instead? Have you given cutting out some unnecessary expenses a shot? Maybe give your daily Starbucks fix a break or whip up more grub at home. You'd be surprised how much of a difference those small adjustments can make. And if all else fails, there's always the trusty method of winning the lotto, amirite? Just joking, but seriously, borrowing dough ain't the best option out there. Don't fall for the short-term relief it can offer, be cautious and stay on top of your moolah game! |
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Do you think social media is now becoming more a place for business than socializing, Could it be as a result of digitalization and things moving online or more people now starting business online because of need to somehow generate income or another source of income for self to survive the economic situations which is becoming tougher?
Yo, your question about social media got me thinking. Social media ain't just for keeping in touch with your buddies anymore. It's a whole marketplace for businesses to make that dough, thanks to the digital revolution. Small biz owners and entrepreneurs can now reach a much larger audience than before, and with the economy in shambles, people are looking for new ways to hustle. It's like, adapt or die, you know? But, there's a downside to everything. The social media scene is jam-packed with businesses all trying to push their stuff, making it a real clusterf*ck for regular users. It's easy to forget why we even got on social media in the first place, which is to connect with our people. But, as more businesses take over the platform, the social aspect of social media is slowly going down the drain. |
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