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Wait till global famine hits and see how quickly countries begin to hoard food and stop food exports. Can't control the weather, but you can control transport costs and make harvesting cheaper. This isn't an issue in the NA region -- any country with high energy costs are going to not be able to afford food soon if the trends keep up. Meat's going to be a luxury item.
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Unsurprising if the proposals turn out to be true. The number of people using paper cash are dwindling. The people that do use cash certainly aren't using large bill denominations in high numbers. We're near the end of the year so I don't think the rumors you're mentioning are correct.
My prediction is ~2024 is when USD will begin to phase out its larger paper bills.
Then, I suppose the pathway towards CBDC's would subsequently involve eliminating cash based payment methods entirely, then targeting cryptocurrency as the competition.
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There are only a few ways that would allow reduction in carbon emissions, again accepting the premise that there even is a causal association between human carbon emissions and rise in global temperatures, which wouldn't entirely destroy the global economy. IMO, nuclear energy seems to be where things should be headed. Not considered a renewable energy source, but the evidence suggests it's the most efficient energy source there is relative to its environmental impact.
Seems every year there are scientists warning of the impending doom of climate change, yet their proposed solutions cannot even create a measurable impact on global temperatures. Why the complaining from the scientific community if they cannot propose level headed solutions that go beyond banning plastic bags and straws.
Electric vehicles don't even have the impact on the climate over the next 50 years that people think they do. Yet they're being pushed by the EU and US as a unilateral solution. I don't suspect these people are serious about finding an actual solution. Crying wolf gets the media attention.
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Global warming has little to do with the food shortages that the globe is currently seeing. The expectation that a modest rise in global temperature over the next 100 years would cause famine, not factoring in mitigation efforts, is absurd. You'd cause more damage trying to limit oil/gas energy expenditures in exchange for renewables in terms of global food production. Don't let the climate alarmists fool you.
This is strictly about the war. Russia is a large exporter of fertilizers and I believe Ukraine might be involved in some chemical manufacturing related to agricultural industries. I'm not sure how large their global exports are, but Russia has sizeable exports that could cause famine if production/export ceased. Some countries are beginning to hoard food as a result.
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Trump pressured government agencies to accelerate authorization on COVID-19 therapeutics: https://www.politico.com/news/2022/08/24/trump-white-house-exerted-pressure-on-fda-for-covid-19-emergency-use-authorizations-house-report-finds-00053428Without not even the slightest utterance of shame, this democratic committee is investigation and criticizing Trump for bringing vaccines too early. I was informed that Trump was anti-vax and that all COVID-19 cases were his fault, and I'm surprised to learn this committee of quadruple vaxxed democrats seems to be finding out two years later that the vaccine testing process was expedited. We understand the vaccine doesn't work against new variants -- what measures would be prevented to stop the government from bending the rules in order to approve an experimental vaccine prior to testing? It only takes a bit of fear for people to voluntarily give up their liberties. |
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The statistics on suicide show that its primarily developed countries that have higher rates of suicide relative to countries with extreme poverty. Why is it that communities and countries in Africa, impoverished severely, low quality of life, plagued by famine and disease, have lower rates of suicide than places like South Korea or some European countries? Culture plays a large role. I speculate that the internet/social media also plays a role, which attenuates the drug problem amongst the youth today as well. I don't know what the solution would be, though I want to bring up a related but separate issue of euthanasia/physician assisted suicide. Suicide is not the best option under any circumstances, and I fear with suicide rates increasing there will be a move closer to euthanasia under the guise of compassion. Suicide rates by country source: https://worldpopulationreview.com/country-rankings/suicide-rate-by-countryAfrica and Latin America have higher rates of poverty, yet lower suicide rates. |
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The twitter link is inaccessible. Sounds like fake news used to justify murder.
Or an exaggeration, based on what suchmoon says. Surely justifying the killing of Ukrainians had been done in a more indirect way. Both she and her father. And that doesn't mean she deserves to die. I'm taken back by how casually the loss of life is accepted because Russia might be the initial aggressors. The only ones worthy of death are the initial aggressors of the deadly force encounter. Mere words without intent should not be the basis for murder. I'm not sure how much the Putin thought leader bares responsibility unless they are directly involved in war efforts. The daughter bares zero responsibility. Guilt by association should not be the standard for the death penalty, even if she's a fascist. |
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The twitter link is inaccessible. Sounds like fake news used to justify murder.
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Terrorism financing and ransom payments: Just recently the government of my country criminalized payment of ransom to kidnappers and bandits. Anyone that is convicted of ransom payment would be sentenced to 15years imprisonment. But the government has been accused of hypocrisy; people argue that top government officials secretly paid ransom to secure the release of their loved ones while other victims from poor families were left at the mercy of their abductors. An example is the recent kidnapping of over 61 train passengers and $170,000 was paid secretly for the CEO of the Bank of Agriculture. A report stated that based on what could be verified, between July 2021 (after the ban on Bitcoin transactions) and June 2022, no fewer than 3,420 people were abducted across my country, an increase of more than 100%. In the ensuing period, $9,806,306.31 was demanded in exchange for the release of captives while a fraction of that sum ($1,126,126.13) was paid as ransom. And most of these funds are paid in cash. An example is the testimony of one of the notorious bandits’ leaders who carried out the abduction of nearly 300 schoolgirls at the Government Girls Secondary School in Jangebe town in Zamfara State in February 2021 who revealed that the Nigerian government coughed up approximately $102,561 cash before they (the bandits) freed the girls. The bandits’ leader in an interview with BBC Africa Eye, when asked what they did with the money, simply stated that they used the money to acquire more rifles and other deadly weapons for subsequent operations ( Purchase of small arms and light weapons) I've spoken before about Bitcoin being the scapegoat for issues unrelated to crypto in general -- to reiterate the point: Cryptocurrency doesn't have much to do with terrorism. I'm sure the government can point to specific reports of terrorist groups using crypto to fund terror activity, but those incidents are scarce across the broader spectrum of terrorism. The Taliban currently control an entire country and its resources, for example. Iran, leading state sponsor of terrorism, are currently sharpening their nuclear arenol. Are we really expecting crypto to be the fiscal epicenter of terrorism because some people requested Bitcoin in ransom funds? Should we really lose sight of the bigger picture? The government just needs to give a palatable excuse to the average citizen without technical knowledge of Bitcoin to justify its curtailment. You'll be shocked to find out how many liberties citizens will voluntarily give away in the name of personal safety. |
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6. Start saving and investing the money earned from frugality.
One of the most important tips to grow personal wealth. I will note, investing is not a guaranteed way to grow personal wealth; however, long term investments and diversification will give you a high probability in a positive ROI over decades. It's important to invest and it's important to invest early. The longer your investments, the higher yields they return. Instead of spending frivously at a young age, you owe it to your future self to invest early. |
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Seeing as how many are overzealous in their climate change crusade. Enough so to negatively stigmatize PoW and the crypto mining industry. Perhaps they can be appeased by a stronger effort towards a carbon neutral society.
If your source is correct and that 25% of global warming is caused by methane (these estimations are often wrong to begin with so I take the estimation at face value), then whatever emissions produced from landfills are merely noise in system and of little importance. Humans have to produce pollution, it's a product of existing. The climate change alarmist suggest that crypto mining doesn't produce anything tangible and subsequently becomes an easy target opposed to something like landfills, a necessity. I don't suppose even the most radical climate change activist would support eliminating landfills allowing waste to pile up in local environments. I don't take these people very seriously, anyways. We would be much better off not trying to aim for a carbon free society and use energy sources until depletion. Then switch to nuclear energy. Carbon based fuel will last at least 5 more decades. |
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How confident are you that the number of fleeing Russians dwarf the number of Russian spies to the degree that it would be worthy of denying every fleeing Russian the ability to resettle in Europe? I wouldn't know, I doubt anyone does.
Seems a bit unreasonable to categorically deny every Russian a European visa under the premise they're a Putin stooge. I'm unsure if this is what the EU is proposing, or whether they're proposing an extreme vetting. My research into this issue is bare. I'm okay with the latter -- in fact I think any country should employee extreme vetting when handing out visas.
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Depending on the investment, then sure, you might have greater prosperity if you've waived immediate gratification. I think you're overlooking the risks of investing a bit though. Does it therefore mean that the outcome of an investment can be determined in advance when we delay enjoyment/gratification?
Not exactly. You can be disciplined and not spend your funds frivolously -- that does not guarantee the outcome in investing. Investing is still a risk. I'm not sure how discipline with your finances would allow you to predict the outcome of an investment. |
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Bitcoi does not solve economic decline or inflation, so it cannot hello rescue the financial situation in Hong Kong.
Bitcoin has utility as a currency and can be used by the citizens to attain some sort of freedom and autonomy, particularly following recent news of banks in China withholding public funds.
On the national stage, Bitcoin would not have much of an impact on the countries economy and being used as a legal tender would not encourage wide spread adoption, as there are not many physical outlets accepting it.
Bitcoin won't save a currency, but IMO it can save an economy because poor fiscal policy results in high inflation and/or high debt will usually cause an economic recession when interest rates inevitably rise or whenever the country defaults on the debt. Granted, if an economy is already crashing with mounting debt, switching to Bitcoin is not going to magically relieve the country of its liabilities. It would just allow for the hole not be dug deeper. I'm convinced the 2008 global economic crash would have had a quicker recovery had the the U.S. and EU not decided to pour hundreds of billions at the private enterprises that caused the crash in the first place. Bitcoin wouldn't allow the government to spend funds they don't have. Would've certainly made institutional lenders more cautious about handing loans out. |
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Most Americans are too fat for a civil war. The riots at the Capitol had something like 3 or 4 deaths that pertained to obesity related causes like a heart attack or stroke. There are not much prospects for a civil war if most people in the developed world can't walk up a flight of stairs without being breathless.  |
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There could literally be one Bitcoin in the entirety of existence, mined in fractions. The finite number of Bitcoin doesn't actually matter. Same principle of supply and demand would apply to any number of coins as long as the supply is fixed. There would just be a greater value attributable to a smaller fraction of coin. Owning a whole Bitcoin doesn't actually mean anything, your purchasing power is what matters. If you own 1/1000000th of a Bitcoin with only 1 BTC in circulation, but that fraction of coin allows you the same purchasing power as 200 kg. gold, then does it matter how small that fraction is?
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For me it's entrepreneurship for sure.with the current rates of inflation I think office jobs are not going to pay much in future. We need to sow are own wheat rather than working in someone else's field. With the kind of global dynamic environment for entrepreneurship now, I think there is nothing better than putting our ideas in action.. so for me yes it's entrepreneurship and Bitcoin of course...
The unemployment rates are way higher than what the governments let you know as they manipulate the statistics so they do not look as bad as they really are, and if we add that many jobs are being automated then it is important to look for a source of income that we create for ourselves, obviously this is not something easy to do, but we have to try as an office job will never allow you to reach the financial freedom that most of us want to achieve. I'd argue owning a business makes you more susceptible to the predations of the government than holding an office related job does because of the regulations a business has to adhere to. You're essentially at the whim of the government. COVID-19 lockdowns saw businesses collapse because of stringent regulations or a halt on operations (like owning a pub or some sort of theatre was considered non-essential, therefore the government reserved the right to shut you down). The employees got government checks if they were laid off from their jobs. Business owners had their livelihoods go up in flames. Perhaps an office related job gives you more limitation in terms of financial freedom, but being an entrepreneur doesn't free you of liability either. |
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The modern green initiatives don't do much to actually stop climate change so the question to ask is whether people should feel comfortable paying 2x-3x their energy cost in order to reduce carbon emissions by using renewable/cleaner energy sources. And by doing so, making only a fractional impact on global average temperature increases over the next 100 years. Most people wouldn't even pay 1.1x their current energy costs even if it made a more sizeable impact than what the projections show. Russia, India, China, don't have any intentions on reducing their emissions any time soon.
The green energy hippies would rather have you freeze to death in the winter than emit carbon pollution.
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The use of cryptocurrency is has increase over the years as many people now see crypto as an alternative to the fiat. My question is if the government legalize cryptocurrencies are means of payment, what will be the implications on the global economy?
There isn't a global authority that cracks down on crypto usage, and most countries today with large economies already allow crypto as a means of payment. Bitcoin is already a portion of the global economy, albeit not very large compared with other assets. My question is if the government legalize cryptocurrencies are means of payment, what will be the implications on the global economy?
Governments already have CBDC and they will be much more amenable to rejecting cryptocurrencies that are beyond their reach. Because governments don't want to take further risks when control is not with them. The government owns the banks and the position of the banks is not to like cryptocurrencies at all which always makes them lose the profits from the taxes created. The habit of escaping taxes to crypto is the only thing that has until now been the reason why CBDC was created. CBDC's aren't in mainstream usage right now, they're not a factor that's contributable to a country's economy that I've seen, and they're certainly not a player in the global economy. |
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...
I'm critical of the U.S. debt, only for the reason that USD acts as the current currency reserve at the moment -- but the debt is sustainable if the U.S. economy grows. It's a dangerous game to play, but I'd be more concerned about the fact the U.S. is in a recession and birth rates seem to be declining which means there isn't enough economic output to support the debt. Inflation compounds the issue to the extent that it accelerates other countries dumping USD from their currency reserves as its purchasing power decreases too quickly over time. |
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