So I was surfing the gamblingnews.com website to get the latest information in the gambling world. I found this interesting story which I kept pondering on to understand whether this is the extreme or a new dimension of gambling addiction or not. I am tempted to think that it is because the gang according to the news, targets only businesses that have video poker and video gaming machines. And so far they have stolen a total of $400K from gambling machines. The logic behind my conclusion is that, if people who are addicted to gambling would do anything at all costs to win money and for this group they have gone the extreme of breaking and stealing the monies in these gaming machines. This behaviour should be on the far end of the continuum of gambling addiction. Below is the story1.
Having read the story do you think that this could be the extreme or a new dimension of gambling addiction?
You seem to have gambling addiction and pure criminal activity mixed up. These are simply thieves, who determined that gambling machines generated a lot of money and were a worthy target for stealing. They had no interest in playing the games on those machines and may never have played on a gambling machine in their whole lives, they were purely drive by taking the money that was inside them. People who are addicted to gambling can often be so focused on finding money for a particular game that they might use illegal methods to get more money, but in every other aspect of their life they might have relative control. That being said, low level gamblers like people who get hooked on slot machines, often struggle with basic finance and sums. |
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https://www.bloomberg.com/opinion/articles/2022-03-22/ethiopia-s-war-toll-grows-as-the-world-looks-away"Though the war’s true toll is impossible to know, researchers from Belgium’s Ghent University estimate as many as half a million people have died so far: between 50,000 and 100,000 from the fighting, 150,000 to 200,000 from starvation and more than 100,000 from the lack of medical attention. U.S. Secretary of State Antony Blinken has expressed concern about possible ethnic cleansing in Tigray, but the government in Addis Ababa has dismissed this as “spurious.”" In this country, the interests of 2 countries China and the United States clashed. China was friends with the current government, and the US supported Nobel Peace Prize winner Abiy Ahmed, whose actions led to a civil war with heavy losses. If you do not want democracy, then you will have a war in your country .. how many times will this story be repeated? It is tragic that these sort of wars take place with little coverage in comparison to say, Russia's war against Ukraine in Europe. However the media plays a role and if the government of Ethiopia make it difficult for journalists to report in an unbiased way, then naturally fewer stories will get out of the region. Let's just be clear though, China is friends with no one - it exists only to advance it's own benefit and every economic project has been extended only in the most expensive and self serving way possible. If China lends you money, they charge you 10% and insist on importing Chinese labor to complete the project. At least when countries like the US assist they charge much lower rates and at least generate plenty of work for locals. It seems like you have it backwards anyway, any normal person would want freedom and democracy, China's authoritarian style of government is happy to support any level of terror or dictators without any qualms. |
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I guess it's the trend because it's the World Cup season, plus crash games are having that graphic evolution of advancing from the classic crash to having variants in exclusive editions like these dedicated to soccer. Undoubtedly there may be more but if you know any that do not name here please let us know where they try to score goals, I say multipliers. The first two that I am going to mention, have the basic graphics but with the incursion of the likeness of a footballer. name:Football Edition CrashX and Sporttsbet.io Crash-XYou can get these Crash at Sportsbet and Livecasino, surely they will be at other casinos? I don't know, but I found them only in the mentioned casinos. The RTP is 95% and the provider is TurboGames.
Found 3 games that are presented quite differently in their approach.  Let's start from the most traditional to the most radical in its presentation based on what the traditional crash game is. name:Footboll ManagerIt is the classic graphic but it incorporates a statistic that is added to a certain player, it is also explicit in its rules in pointing out that the maximum multiplier is 1000x, the House edge is 2%. Provider is Evoplay name:Penalty ManagerProvider Evoplay this game presents the option to choose a national selection and then you simply have to mark where your shot will go. name:PenallityIt is presented with the most options and variants but in a certain way very similar to the previous one. All the mentioned games you can check Provably Fair.
The first two are recent releases, but the previous ones are dated 2020 at least one of them.
Sources: Livecasino, sportsbet, Crashino. I honestly wonder who finds these sort of games entertaining, but there is clearly a big crowd out there for them to keep producing them with different graphics and sound effects. Then again, it's a bit like the endless versions of slots out there, which all have an underlying theme but with gimmicky extras that give the player the illusion of control or value for money. It's nice that they run on a provably fair system, which is possibly the only advantage you get from these in comparison to many blackbox systems that you see on fiat currency gambling websites. I guess some people are fooled by adding in extra interactive elements or simply that bored that things like "taking a shot" in a gambling game are enough to spice up their session. |
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All around the different regions/parts of the world, they have the same issue that's causing mass protests. It's HIGH INFLATION, HIGH FUEL PRICES, HIGH FOOD PRICES, HIGH COSTS OF LIVING, AND LOW MINIMUM WAGE.
That's what happens if a non-elected cabal is made to have control over the money supply. Look at this list. Start researching about your country's central bank policies, read the news, and know if your country is about to have, or is currently having high inflation. Because your country could be next for a mass protest.
This is just the beginning and we are far from the peak right now, it's going to get a lot tougher in every country - we'll miss the relatively calm, stable and good times we've been living in the past decade. Unfortunately Covid sent a lot of logistics chains out of whack, it was starting to look brighter as much countries came out of the pandemic 2 years later with a bit of a buffer built up for some people. Now the war that Russia started against Ukraine has caused all sorts of new difficulties. The saddest part of it all is how unnecessary it all is, Ukraine was moving towards a more free and democratic society, but Putin was offended that one of his cronies was ousted and decided to murder hundreds of thousands of people because of it. |
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I recently won a free spin bonus on Livecasion.io, the signature campaign that I am in. Though I have been offered a type of bonus(welcome bonus) some time ago, I was excited about this particular bonus for two reasons. First, it was my first time getting a free spin bonus. And secondly, because I won a fair amount of money from the spin.
For every gambling beginner, here is a list of the common types of bonuses online casinos offer.
You have added a lot of great information here and it's nice to see these sort of quality contributions to the forum. I've noticed a couple that might be missing and could be worth adding for users to take maximum advantage. There are "extra place" type bonuses on offer at many sites, at least in my country, and it all revolves around horse racing betting. Usually they'll do an "each way" bet on a horse race, which you pay for upfront and it pays out proportionally based on if the horse comes first or if it reaches the top 2 or even 3 places. I quite often see offers at sportbooks which stretch those places up until 4 or even 5 - which can potentially be a good earner if you play the odds correctly. There are also things like "Epic Odds" which give you extra special deals on certain bets and if you are selective they can basically be free money. |
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"The market crash has not deterred Bitcoin Depot from going public, CEO said". sourceThis news may not directly be in connection to btc but still some how related since btc atm are there to serve the btc community to easy transaction of their asset. While these sort of deals create big headlines and can generate some buzz around Bitcoin which is good for people who hold it, in reality I never understand the sort of people who fund these things. We've seen coinbase shares plummet in value since they listed, which actually surprised me, but it appears that there is still a pool of silly money floating around that are willing to invest large sums in these big gambles. In the long term it is a relatively unproven operation even if it can prove a couple years with large profits, they are potentially historical now and it might struggle to repeat them with the latest price drops. While I don't care much for the institutional investors, any small scale buyers should be very wary of thinking they'll profit from buying into this company early - often it's just a case of the original owners wanting to cash out and get out. |
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Fair, just, open and transparent (The block hash value is the DNA of a piece of data, each block hash value is unique, random, unbreakable, unforgeable, automatic identification of betting rewards, records cannot be tampered with, prize pool funds, betting reward waves Field TRON public chain can be checked) Safe, Simple, Reputable, Efficient ➡️Complete anonymity, no information left, working capital visible URL: https://bghash.com/FVIPUS4WII6 items, high odds, diversified entertainment Lucky Zhuang Xian Hash Niu Niu Lucky Numbers Hash PK10 Lucky Hash Hash PC10 and many other ways to play After winning the prize, USDT or TRX will be automatically returned to your wallet! The money is automatically returned to your wallet and won't exist if you win and get stuck on the platform! This is the fairest and fairest way to play online entertainment! ⬇️ First time player to BG-Hash Entertainment⬇️ (The first five lose the package and compensate) (Introduce new users, betting turnover of more than 5000. 68U head red envelopes.) BG International is at your service 24 hours a day! If there is anything you don't understand and how to play, you can come to consult! Welcome to join the agency! telegramCustomer service: @haj888 You could have given a better explanation about so much. Why does the link you are using have random characters at the end? Are you the official owner or are you just somebody trying to sign up referrals via that link? Your advertising spiel is full of buzzwords but you are brand new here so that instills little faith in this website being reliable, all sorts of scammers come and go from here because they have no reputation to uphold, what makes you somebody trust worthy. None of those games look particularly intriguing and people would be much better off sticking with one of the longer established sites than trusting such a random site with their money. |
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Flexible pricing in business is a strategy for a product's final price negotiation. In other words, customers and sellers can get together and try to discuss prices, to either lower it or push it up from an original price. This also applies to the price of services too.
The potential of a more efficient marketplace is realizable seeing that buyers can more easily find prices of goods or services for which they are willing and able to afford.
What are some pricing tactics one can employ to hold or build market share during a recession?
This seems like a bit of a bizarre question, are you asking from the point of view of a consumer or are you asking from the point of view of a business? If you are a consumer, then you are likely to find much greater bargains in the middle of a recession when it comes to high cost items like furniture or cars, so if you have savings in a secure place and can delay those sorts of purchases, now might be a good time to hold on to cash considering all the recession indicators flashing. As a business, you might just be struggling to stay afloat during a recession and only the super big companies or those in recession proof industries will be able to try to claw back some market share - for many the main strategy will be just to cut costs as much as possible and just survive. |
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Hello,
Since I started betting on Stake I have rarely been disappointed, they have very good promotions, good odds, etc...
But recently, I cannot place a single bet, my stake is almost always rejected (too high). The support told me that unfortunately they cannot do much about it as it is the odd provider that fix limits for an event and for each user. Even on big events just like premier league games I cannot bet with a stake more than 0.2 mBtc (when it is possible).
I had a similar situation with sportsbet.io (odds automatically lowered for my account, banned from some promotions) and they haven't gone backwards since (more than 8 months).
Has anyone been in this situation and was able to recover afterwards normal betting configuration?
If my situation is never going to be reviewed, I might as well get my funds back right away.
Clearly you must be doing something right in terms of the bets you are making for them to take this approach to your account. Do you ever track the profitability of your betting? I am guessing you must be well into positive territory if two sites are restricting your account in this way, although I doubt it takes much for them to trigger this sort of limitation. Anyone who has been watching the betting scene for a while would know that this is a regular and expected occurrence. You just have to suck it up and move on to the next most reputable bookmaker with decent odds who will accept your bet. Unfortunately the smaller sites you end up on will likely have worse and worse odds, making squeezing a profit even harder. |
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We live in a world which glamorizes and praises people who reach at working positions considered top tier, consequently bringing high status and guaranting large financial returns. At school, on the media, during friendly or familiar discussions and everywhere else that is the ideal concept of success for our society, as common sense.
But what is the price to be paid to reach in such positions? i don't talk about the effort of educating yourself to be qualified to reach a position like that. Even because there are many educated and smart people who aren't at key positions on their local societies. Quite the opposite, they live on the edges of society, despite the fact they are educationally qualified and decent people.
It came to my mind that a possibility could be that it's not important how literate, rightful, honest, prepared you are, rather the important is if you are able to sacrifice your own morale principles, beliefs in order to follow and fulfill the orders, desires and interests of others who can potentially boost your career upside, or simply to avoid having them as enemies, rivals who could sabotage you somehow.
Some movies and stories show us that, illustrating the idea as people had to sell their souls to the devil in order to be rewarded with wealth, power and reputation in life.
Does art imitate life, or does life imitate art?
Isn't the root of the economical issues we face world wide the fact wrong people are at the right places? Because once you have unscrupulous individuals calling the shorts in the world, you can expect there is going to be a lot of injustice, inequality, power abuse, greed, false promises, distrust, and many other factors which eventually lead to economical disbalance, being impossible to create a propitious environment for its healthy development.
You stage the question as if it's one or the other, when there is a whole range of scenarios in between. Some people maintain the highest standards all throughout their life and career, others start off with a certain set of standards but then drop those as they try to play the career game and some were put into positions of power never having earned it but having the right connections or being manipulative enough to engineer it. For those except the super rich there is definitely a degree of getting along and having a face that fits in order to progress, you have to be strategic about your interactions in a company for all sorts of reasons but intelligence will always shine through in the long run. Even then, if you reach the top it can be possible to alter some of the bad behavior you saw on the way up, so never write somebody off because change is possible. |
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I am becoming increasing concerned with the extent some employees with gambling addiction go to satisfy their addiction. That is, some of these employees go as far as defrauding, and stealing from their employers and go ahead to gamble with the money. Some time ago, a close buddy of mine narrated how he caught his colleague adjusting the sales records after removing some cash. After he confronted him, the colleague confessed that he usually use the money for betting. Below are several similar cases. A gambling addict from the United Kingdom stole his company’s money to wager on cryptocurrencies. However, his employers eventually learned of his schemes.Mahmood Stole over $33,000 Siraj Mahmood used to work at a JD Sports retail in Manchester. His job was to help unsatisfied customers who had issues with the company’s products or wanted a refund. It seems that Mahmood’s salary wasn’t sufficient to cover his gambling expenses, causing him to instead steal from the company. Swindling company money would cost you jail time – that was the message Deputy Circuit Judge Neil Bidder QC sent out when he sentenced a financial director who stole over £800,000 to satisfy gambling addiction. Lauren Farr, 34, of Spring Grove, Cwmbran, Monmouthshire, was sentenced to 32 months in prison after admitting to defrauding company We Fight Any Claim out of £825,751.60 between March 2016 and October 2019, while working at the firm as a senior executive. The mother-of-two who had started at the company as a junior admin and worked her way up to the earning £70,000 per year financial director position, gambled around £1.5 million online, through operators such as Paddy Power and Betfred, police financial investigators who looked into her finances uncovered. A nefarious gambling addict by the name of Brian James Wilson scammed an elderly man and took all of his savings. He lied that he was about to invest the money in groundbreaking projects but, in fact, used it to fuel his gambling addiction. Wilson Took Almost $2M from His Victim Wilson first met his victim in 2018. Back then, the 82-year-old man was selling his mortgage-free Mount Martha home for $1.6 million. Once the sale was complete, Wilson helped the man move to a retirement village. A few months later, the scam began. I'd like to know your thoughts - Do you think that employers should screen potential employees for problem gambling before employment?It's extremely dependent on the job type on whether they should have access to this sort of sensitive information or require a declaration from the employee. In certain scenarios like finance it can be important to weed out people who have these sort of problems, because they could potentially have access to vast sums of money and if they cannot control their own finances, they should not be allowed access to many other peoples. There are other jobs as well, like working for the security services in sensitive roles, that could make someone vulnerable to foreign powers if they are known to have a gambling addiction. This sort of vetting is usually declared up front and like with finance roles is required by law or insurance necessity, so if someone is not comfortable with it then they simply have to find a position that does not do such checks. |
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What is asset? What is liability? Assets are the items you owns that can provide future economic benefit while liabilities are things we own with future obligations. In a simple definition, assets are things we buy that will bring money back to us while liabilities are things we buy that we will keep spending money on. Assets put money in your pocket while liabilities take money out of your pocket.
Most Africans especially Nigerians prefer liability to asset. In the journey of becoming a successful being, it is advisable to acquire more assets than liabilities. The questions here is where does 70%- 80% of your income goes? Asset or liability?
Imagine someone that can hardly feed himself twice daily buying an expensive phones and cars without a specific purpose (just for fashion). This is the different between the rich and the poor. The rich invest in what can fetch them more money (asset) e.g buying land, investing in reputable businesses but the poor out of fashion keep buying liabilities (goods that they keep on spending their little earnings on for maintenance). If 70%- 80% of your income goes to liability then one is preparing for a poor life.
I'm not saying buying expensive phones and cars isn't good but shouldn't be priority over ones investment. Phones and cars maintenance in some countries are expensive. So this may prevent one from saving if one acquire it without a good job.
Conclusion
👉👉Let 70%- 80% of your income goes to asset. It is better to invest ones money on asset than getting liabilities that will bring no income.
👉👉Only acquire liability if the liability will add value to you, your business or improve the income made in your business.
👉👉Only acquire liability after gotten a good investment that is capable of providing enough returns for your home and the liability purchased maintenances.
It seems you are a little confused or trying to make these financial matters far more complicated than they need to be. In simple terms, for most people around the world, the only good form of debt is possibly buying a house - which tends to have a low interest rate and in most areas goes up in value over the term of the loan above the rate that is paid. There are certain scenarios that might spur people to borrow money and it may be a necessity, like buying a car because you have to travel longer distances which might be the most economical way to do so. Generally though there are a lot of frivolous purchases made which should be scrutinized and avoided if possible, along with wasting too much money on vices like drugs or alcohol. |
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Quick question, on your first visit to a casino to play slots, you were offered a bonus reward as incentive for visiting, if you are given the option to either receive your rewards in form of free spins for you to try out your luck and maybe win more, or direct cash reward, which will you choose?
It's very unlikely that a casino will give you a direct cash reward, at least unless it's in coupon form or loaded on to a card that requires a "play through" amount to be redeemed first. In reality a new casino would love to see you get hooked and the vast majority of these free promotions are hoping to get you hooked before the money runs out. The sensible few will be the ones who capitalize on the money, potentially free drink(s) and walk out the casino with some money in their pocket. The losers are the ones who, when the freebie runs out, will start loading up their own cash and lose track of how much they have fed back in. They do make a great hook, say a group of friends walks in - some might win, others might lose more than they should and on balance the casino had the chance to empty someones bank account if they lost control. |
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Merchant Machine analysts conducted a study among 50 countries and identified the top 10 among them, leading in the use of cryptocurrencies.
Ukraine was in second place, the United States naturally in first place:
The study included 6 items, including the number of crypto owners, the percentage of the total population of the country, the DeFi index, the number of cryptomats, how many different enterprises have added bitcoin as a means of payment, and the volume of search queries on the Internet.
Also in the same study is a table with an increase in the number of people owning cryptocurrency. The top 10 includes mainly countries in Africa and South America.
That's definitely some interesting data and nice to see this sort of detail occasionally. It generally trends with the most digitally advanced countries, it's surprising to see Russia in there because I think it is somewhat of a grey area defined by their government, notably absent is also China who probably has a lot of wallet holders who keep everything super quiet because the repercussions can be very serious. Lots of representation from Asian and African countries, another surprising standout is Columbia - I guess their internet infrastructure is well enough advanced and people are choosing to hold this currency instead of money in the local banking system. |
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Gambling is part of Chinese culture. It is seen as the right way to test luck, especially on holidays like Chinese New Year, as well as to get rid of bad luck. link-I was quite surprised when I read this article for the first time because they gamble not for money or pleasure but because of the culture to test luck. this does sound funny but what do you do if it turns out that your culture requires you to play gambling?
slightly diverting from the topic above, I'm interested in Mark Griffiths' research; Mark Griffiths, a psychologist at Nottingham Trent University who specializes in addictive behavior says that gamblers have a lot of motivation for their habit.
In a survey of 5,500 gamblers, the prospect of “winning big money” was the strongest factor. But then followed by "because it's fun" and "because it's fun".
"Even when you lose a gamble, your body still produces adrenaline and endorphins," he says.
“People buy entertainment.”
Not much is known about the design of these machines on player behavior, but, for example, many machines and casinos use red or something similar – which is considered more stimulating.
And interestingly, there are examples of cases where gamblers develop “shadow-skills” as a justification for earning those possible rewards.
Griffiths gave the example of a game engine in the UK which was designed with the adaptive logic in mind that the device would deliver more than the consumer was given over a period of time, and after that the device would return to the normal system.
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You touch on a couple different topics there and possibly intermingle them more than you should. First off, the Chinese attachment to luck or destiny is a bit of a relic that Mao was not able to drive out during all the spiritual/religious purges in the past, which the CCCP somewhat tries to continue today. It is the idea that if you win, you deserve to win, rather than it just being mathematical odds playing out. It's also pervasive in other parts of their society and not necessarily a positive societal crutch they rely on. Secondly, there are some people who genuinely figure out how to maximize returns from certain live "slot" or arcade type machines, but they need to be in highly trafficked areas for that sort of strategy to be successful. |
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I can confirm that it is major drought, i seen it with my own eyes
Corn zero harvest this year
Sunflower zero harvest this year
Pff... we are f..ked !
Climate scientists have been predicting these scenarios for a long time and it is finally catching up to us. You can only abuse the world for so long before eventually you start to make in uninhabitable - in reality once these "runaway train" situations get going it might be past the point of no return. You'll see the North and South ice caps disappear, sea levels rising further and the most extreme ends of the weather occurring more frequently. If we continue to heat up the planet via all our activities, then it's possible that the atmosphere.. a few hundred years down the line will not support human life without assistance. Another tragedy is that all the plant life, insects and animals will also find it very hard to adapt fast enough to these changes so we will see vast drops in diversity. |
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Ultimately this is just another way of the governments to make sure that they will receive the taxes that these gamblers will incur with their gambling habits. I see privacy being a concern too, especially from people who like to keep their identity secret during their time as a gambler. It is a double-edged sword, one to quell underage gambling and the other to remove the privacy that a lot of people enjoy. Idk how it would pan out, but if it works in Denmark doesn't mean that it will work in other countries, that's for certain.
It's a bit of a negative way to look at it and is not even true in all cases, there are certain countries out there which do not tax gambling winnings paid out to players. They will tax the gambling companies heavily in corporation tax but besides that do not take a share - look at the United Kingdom for an example of this. It's a tricky scenario and this sort of thing would have gotten a lot more push back in the past, but the trend is heavily moving online, as long as it has good enough security and privacy considerations then it seems fair as an optional service. It could even cut out a lot of unnecessary costs of manufacturing physical cards, as long as the digital version could be properly validated. |
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5. Make a goal (dream to be achieved) to make yourself more motivated.
This is one of the more important points on your list and maybe something that most people don't necessarily realize when they're younger. When it comes to finances you've really got to plan for the long term and you have to understand that it requires persistence to achieve most dreams. The people who have $500k banked and are possibly able to live off dividends the rest of their life might have been putting away $2k per month for decades into their investment - it's not some trick about trying to win the lottery by buying that miracle share for $1k that leaps up in 500 times in value. It's a slow and steady commitment, not wasting money on frivolous things, to get to that end goal. That being said, the more financial risk you can take as you have a longer recovery time but it's better to work out your strategy early. |
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I am very curious to know how people are playing Slots. Option A : Do you play one slot for a long time, until you hit the feature or until you win something big? Option B : Do you jump between different slots, play for a while and then jump to the next slot? Option C : Do you set a target amount for each Slot and then stay with that? I think people's success with slots might be linked to the way they are playing it, so for instance... people playing one slot until it pay out, might be more succesful, than the person that are jumping from one slot to the next.  What strategy do you think, will lead to the maximum profits? (Variance and RTP of each slot also determine the way that you are supposed to play on the different slots) Let's discuss.....  If you're talking about online slots, it likely makes very little different what you're doing as you jump between games - there will be certain calculations taking place against the "value" of your account to the casino and the psychological triggers where they are trying to construct a gambling habit into you. If you're talking about slots in the physical world, there is potentially an idea where you can watch a machine and if it is isolated (in a bar for instance) and you see one player put a lot of money into it without much returned back, then you might be able to move in afterwards to release a built up amount that the other player has effectively funded, but I doubt many people have the patience or abilities to play like this. |
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This is not the typical type of thread I'd make. Honestly, I'm not one of those people who always moan and think about money, with it being all that matters to them, while trying to cut corners on everything. Don't get me wrong, I'm not against saving/investing while being resourceful and frugal.
Approximately since March, inflation has started taking a toll on me, first financially and then psychologically. At first, I wasn't really bothered; it wasn't that extreme and wasn't too worried. I was still making ends meet without too many issues and still managed to save a little, without taking into account my cryptocurrency investments. However, as time passes by, it gets worse and worse. I believed that the tourism sector could slow down the recession in Greece, but that didn't happen. Prices of goods are increasing every week, while electricity bills have soared.
As you can see from the following chart, inflation in Greece keeps increasing every month, with July only showing tiny and unimportant signs of improvement. The situation in Europe isn't great either, especially in the Balkans and Baltic countries.
No matter how you look at it, it's terrible. Although, I believe that Balkan countries are in a worse position due to the low wages in most of them. For instance, the minimum wage in Greece is €713 before taxes, approximately €620-€650 after taxes, while the average rent for a single bedroom apartment exceeds €300-€350. Don't get me started on electricity and fuel.
Every end of the month, energy suppliers announce the prices for the following month, with kw/h increasing every month. The Public Power Corporation in Greece announced an increase from €0.486/kWh to €0.788/kWh, while in other suppliers it might cost up to €1/kWh. It's astonishing. In the meantime, the government is funding oil and electric suppliers, who are soaring millions in profits in the past few months.
This situation is only worsening; living is constantly becoming more expensive and has started to have psychological effects too. As I've said earlier, I'm not used to moaning about money, because I still have cryptocurrency investments and so on, and there are plenty of people who are struggling way worse than I am, however, working two jobs, over 10 hours a day and I still see my bank's balance being slowly drained every month. I'm not anxious about today, but for the future, since the situation only seems to worsen day by day, making me sick to my stomach from anxiety.
How are you currently coping? Do you believe that we'll see any kind of improvement in the next few months/years? What coping mechanisms have you developed?
What many people seem to be overlooking is you're thinking this is the peak, the worst part of this economic cycle - in most places it is still business as usual and only at the beginning of the recession ahead. It's predicted to be slow and unfortunately it will lead to a downward cycle that compounds itself. People as for more money as inflation eats away at the value of what they've got, then companies have to charge more to pay the extra costs to staff, which increases inflation even further. We have not even started the bad scenario yet, many people are still running on fumes left over from saving during Covid (at least the lucky ones who could) and the next few months into winter especially will create much harder times. |
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