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621  Economy / Economics / Re: Economic implications of a US-China-Taiwan conflict on: February 21, 2023, 09:42:35 AM

I really hope my country will be done with Russia by that point, and if Russia loses against Ukraine, it can be a great deterrent for China because that can show that a smaller and objectively weaker country (in terms of initial personnel, forces, military rankings, economies) can defeat a bigger one, and that there are enough countries in the contemporary world that are strongly against military invasions and are willing to help the one defending oneself. China isn't stupid, and while they might want to get Taiwan back, they also don't want to lose to Taiwan and lose any grip on the world over a small part of land. If the China-Taiwan war occurs, I think it will be a bigger stress factor for the world economy than Russia vs Ukraine because of stronger economies directly involved and the worldwide impact of both China as a leading manufacturer of so many things and Taiwan's importance for technological progress.
Russia's war against Ukraine should generally end this year with a victory for Ukraine. This will indeed serve as a powerful deterrent for China, because they saw that the world does not tolerate aggression and that less militarily strong states are capable of defeating the aggressor if the world unites and provides all possible assistance to the victim of aggression. Of course, the Chinese government would like Russia to take over Ukraine. Then against this background, China would have had a free hand with respect to Taiwan. But this will not happen thanks to the resilience of the Ukrainian people and their Armed Forces.
622  Alternate cryptocurrencies / Altcoin Discussion / Re: Will Doge really go to the moon? on: February 21, 2023, 07:12:57 AM
I don't know whether Dogecoin will be supported by Elon Musk again or whether Elon Musk will move to another coin so that the price can increase. But Elon can indeed move its price up as we saw with Dogecoin some time ago.

It's possible that Dogecoin could hit $1 this year or the next and no one knows if that will happen or if it could just hit ATH yesterday again. This is still a mystery that no one knows and we should follow the market price. And as long as the price of Dogecoin can touch the peak price, that's the right price for us to sell Dogecoin and take profits.
To have good growth opportunities, Dogecoin needs to have additional useful features. Because there are already a lot of coins on the cryptocurrency market without such functions, and there is little chance of counting on another hype due to some actions of Elon Musk. This coin is unlikely to reach the price of one dollar. There are many much more worthy cryptocurrencies in this market than Dogecoin.
623  Economy / Economics / Re: No petrol/diesel car sales by 2035/ Reality or dream? on: February 20, 2023, 06:40:44 PM
I doubt petrol/diesel cars will be phased out by then. Petro states will surely be against this big time and they will not allow this to happen at all costs. There probably would be a large cut on the number of ICE cars that will be produced but they will never be removed from the markets until the oil from these petro states are completely depleted and there's no more oil to be had. Perhaps a lot of countries will opt to a lot of hybrids in the coming years instead of fully abandoning petrol cars, and that is the safer option IMO.
This law bans the sale of new petrol and diesel vehicles in the EU from 2035. And this means that old cars running on gasoline and diesel fuel will continue to drive on the roads of the European Union for a long time to come. But the law itself is useful and necessary. The need to phase out gasoline and diesel internal combustion engines is evident due to the current rapid climate change. If the climate continues to change and many countries see this as an obvious danger, then the transition to electric cars may even accelerate. On the other hand, every year electric cars will improve and become cheaper. So this law in the EU, I think, will work in a timely manner.
624  Economy / Economics / Re: Bank of Russia to Pilot CBDC in April on: February 20, 2023, 05:05:33 AM
I am really skeptical if they would make any sensible pilot program working.
But even if they would get it working i wonder if anyone would want to touch it as any proper CBDC needs KYC:ing and most likely people from "unfriendly" countries and members of opposition, people with wrong opinions about Kremilin would instantly get their CBDC rubles frozen and confiscated.
Russia has been living under ever-increasing international sanctions for almost a year now, and this leaves an imprint on all aspects of the state’s activities, and above all its banking system, given that almost all Russian banks are now disconnected from the SWIFT international payment system. Therefore, they are looking for a way out of the difficult current situation that arose due to the military attack on Ukraine.
At the same time, if the emergence of CBDC in other countries is a completely new and relatively risky project, then in Russia it is doubly risky. And yet little is known about him. Even whether it will use blockchain technology. Of course, the digital ruble can be used in international settlements where it is difficult to do this due to the shutdown of SWIFT. But let's see how it will be in practice.
625  Economy / Economics / Re: Forget a return to office: We’re living in the age of side hustles on: February 20, 2023, 04:30:36 AM
Definitely we are living in the era of side hustles. With all the reasons plotted above there are also valid reasons like need of “multiple income” sources considering increased cost of living while less salary hikes for the fixed salary jobs.

There is even craze of doing “moonlight works” everywhere. By definition it means one person joining 2 or more than 2 companies at the same time to earn more money. This tells us the story that living has become very hard. If you don’t have bank accounts full of cash then you have to keep struggling with side hustles and moon Light work.
The Internet and new technologies open up new opportunities for most of us, including such a type of work as teamwork, but at home. But these changes cannot be called global. A much larger proportion of jobs still use the traditional approach to work because manufacturing and other activities cannot be done online. A part-time job existed before, just with the advent of the Internet, the possibility of communication in the process of work without personal presence has significantly increased. But this applies only to a certain part of society.
626  Other / Politics & Society / Re: The economic danger of China and Taiwan war on: February 18, 2023, 07:01:33 AM

But, the fact that Russia ended up attacking Ukraine and nobody stopped them (even though helped, but not directly) and the worst that happened was sanctions, then we could assume that China could get away with it as well, who knows? That’s why we can never be 100% sure that China won't attack anywhere, there is a chance, high or low, but a chance of them doing it.
If Russia suffers a crushing defeat in the war on the territory of Ukraine, the likelihood of a Chinese attack on Taiwan will also noticeably drop. The Chinese leadership is already behaving much more cautiously, having seen how civilized states have united in helping Ukraine with financial, humanitarian and military support. If the world community had given the same support to Georgia back in 2008, when Russian tanks invaded the territory of this country, then Putin would hardly have dared to attack Ukraine. But even in 2014, when Russia seized the Ukrainian peninsula of Crimea, as well as parts of the Donetsk and Luhansk regions, the world community reacted very passively, which made it possible for Putin to continue military aggression.
627  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.
628  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.
629  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.
630  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.
631  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.
632  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.
633  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.
634  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.
635  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.
636  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.
637  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.
638  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.
639  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.
640  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.
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