Hello everyone , I don’t know where to start.
But during my time using bustabit I’ve experienced unfairness with the owner and his power ego
I’ve had my account disabled without warning /email notification saying if I deposited in said account I won’t be able to withdraw something like that should be mandatory even PayPal, cashapp , has it. unless it’s fraud you can’t withdrawn until proving it’s actually you.
Anyways. I’ve dealt with this for a while and this started when I loaned someone 6k called Luke and when he lost he told Daniel I made him lose and I say was asking for bits when I showed proof I’m asking what I loaned. I got muted for “begging “ ever since then no matter how much I pleaded he kept muting. Ok fine I stopping caring about chat, I mainly use shiba for balance and now recently without notice all I did was rained bits and I got muted and my funds disabled. He forcefully made me agree to something that’s not in the chat rules or toss. He stated if I spoke to anyone about my ban he’d mute and lock my account .
And for the dick riders that like to pick up for him without knowing the full story I can show all proof.
Everyone has a policy and you can’t make up a rule as you go. Because if you actually took this to court they’d ask did the policy say after x amount of mutes it’s permanent banned with froze account ? I’m not here to bash the website. As I like playing there but I don’t like the unfairness. I’ve seen whales muted on mutiltple accounts but their balance didn’t get freeze.
What do you hope to achieve by this? Your whole post is barely coherent, in the middle you go off on a tangent talking about loaning people money and people blaming you for losing. I seriously have to wonder if you are old enough to gamble, because you seem to be taking an immature stance on this. Almost every major betting site looking to accept people from places like America or Europe will almost always have to ask for identification - this should be well known by now. They should not allow any deposits without KYC as you say, but the customer should also read the whole terms & conditions before depositing or they have little recourse after. They do make the rules and those rules almost always say that they can change them at will, if you don't agree to that situation then simply suck it up and find another place to gamble (but most will have similar setups). If you have annoyed the owner as you say, then you have even more reason to leave. If you think you have a legal case that will win in court, hire a lawyer. |
|
|
|
On the Expo2020 in Dubai I was happy to visit El Salvador pavilions. Honestly speaking - I think that's the best in its category (among the small pavilions). You will see a mix of audio-visual presentations, such as the one below, which has strong message of "Bitcoin city", then in other room you have another presentation which shows the city, nature and the life there. And then - in a cafe room you can taste local coffee. And finally, near the exit - you can see they have a radio room, and they are broadcasting there. So it looks like El Salvador used the most from the space it had. And now I hope to visit it and sharing with you this short video https://www.youtube.com/watch?v=mLcchrbZtCsLet's face it, the young President trying to make a name for himself has made the country a guinea pig and since he bought higher than current prices - has cost each citizen a fair chunk of money. Sure Bitcoin might go higher in future, but it is simply impractical as a day to day means to carry out transactions. The primary beneficial purpose is transferring money across borders without incurring large fees, which could have been regulated without creating another official currency. The average person will simply be unlikely to benefit from this beyond the bribe of free money that they got at the beginning. If they had pioneered something new, like their own stablecoin, that might have been worth it. |
|
|
|
Hello ! I am trying to sell a poker bot for a specific crypto poker company ! the bot is profitable with proven 1.6-2.4% ROI depending the stakes but only in one specific format. I can answer all possible questions and even provide video of the bot playing, I set up the bot myself on your computer if you cant do it yourself but the procedure is really easy. The bot is only playing on 1 site , I am not willing to create different bot for other sites/formats. The available stakes start from 4$ and go up to 50$ but action on higher stakes is not great, thats why am willing to sell this at the very decent price of 250$ and I can give 3 licence for 600$ , just dont put them play vs each other cause then rake is obviously going to kill you. I am not looking to sell more than 5 licences.
Pm me for extra info or ask anything you want here if you are interested !
This has red flags galore, with bad idea written all over it and should not be allowed. The first and only question you need to ask yourself is, if somebody has a guaranteed way to make money like this (no matter how small the claimed return) then they simply have no reason to share it - they have a license to print money. They might make all sorts of claims why they would want to share, but all of it is absolute rubbish. To top it off, as many other people have highlighted already, this guy is an absolute scammer who is likely going to try to worm their way on to your computer, at which point anything stored there will be at major risk and any personal information will be exploited. |
|
|
|
More at source. I trimmed the article down to its most relevant parts.
It appears that a US federal government default is on the table. An event which has reached mythical proportions over the past century. Every year for the past 50+ years people warn the government could default and social security will collapse. This negative sentiment has become so common and widespread that over time americans have come to believe it can never happen. "Social security will fail." Oh but people have been saying it will fail for 50 years and it hasn't. This means social security can never fail.
As time passes and debt grows, our options and safety net for resolving these issues in a positive way, shrink.
If anyone has bright ideas for how these issues might be resolved. Now would be a good time to voice them.
A jump start on what could develop into a full blown crisis might also be a good policy.
This crisis seems to come around like clockwork every 2-4 years and it really is a bit ridiculous. Covid made things tough but both parties have contributed to the overall borrowing figure so it should never be reduced to petty politics in order to raise it. Unless both parties start to commit to having a budget surplus, then the default path should be to raise it without pushing the government and connected services to the brink each time. The fact is that if America ever "ran out of money" it would be a self inflicted wound by one of the two main political parties and for no other reason. The central bank is able to print more money any time they choose and as the reserve currency of the world it'll be easily absorbed. |
|
|
|
My country banned sportsbet.io, Binance.com, and any kind of gambling website. so how to access it without proxy?
If you can afford to gamble, you can afford to use a paid VPN setup that will give you much better protection and be safer than using any free services. There are plenty of VPN providers out there which will give you a US based proxy for either fiat or crypto, so there is no excuse not to use them. You can use the proxy settings that you'll find on your browser instead of changing the DNS like this. However, you need to be extremely careful if you end up needing this sort of setup, because you fit the profile of someone who might abuse a casino (changing IP's, trying to hide, maybe taking advantage of offers) and will most likely be breaking the terms of service for that reason - leaving you vulnerable to getting banned and losing any funds in your account. This is even less likely to work at places like exchanges which have strict KYC compliance processes these days. |
|
|
|
Recently, I checked out some key point indicators in the online casino. First, I thought some game providers get their share via percentage of spin a player makes but, today after a brief research I found the formula for Gross gaming revenue used to determine how game providers earn from the activities of players.
This is absolutely meaningless as it misses so many factors. Tax isn't the only thing that needs to be deducted out of profits - there are huge company operations, staffing costs and advertising outgoings to consider, which will strip out a lot of the remaining amount. You've basically presented a simple mathematical formula and write it as if you've solved some unknown ancient mystery. What about all the freebies that these casinos give away? What about the DDOS protection that they have to pay huge amounts for when under attack? Where does the money come from for customer support representatives who might be answering questions to unprofitable players? If you really want to look at how these sort of company operations run then you need to start downloading the annual accounts from fiat currency gambling operations, where you will see a true profit and loss calculation. |
|
|
|
American politicians promise americans free stuff. Free student loans, free healthcare, free UBI. Our $30 trillion in national debt is the price we pay for it.
Not many make a connection between free social programs and national debt. People believe they can enjoy free things without incurring penalty or price. Greed and ambition blind us to the long term consequences of our short term choices.
If the road to hell is paved with good intentions. Might it be fair to say, the road to high inflation and a bankrupt state might be paved with free things.
Unfortunately, many are desperate and willing to sell their souls to get ahead. If any choose to sell their souls in exchange for free things from the government, I hope they read the fine print.
America is in a very privileged position at the moment and for the foreseeable future - they have control of the worlds reserve currency. This allows them to raise debt and have their currency used by many other countries, it gives their financial regulators immense powers in combination with all their global companies, to influence all sorts of policies in their favor. It lets them live a more comfy life than many others because they can borrow with one hand and run a printing press with the other - which deflates the amount of future debt they'll end up paying back. There will be a limit to the US debt - it might be $31 trillion, it might be $100 trillion or it might never come. |
|
|
|
Have you heard that some people gamble for fun and not necessarily to make money?
I find it hard to believe completely because who doesn't like to make some more money even if it is not needed.
If you knew the exact sum you were going to loose gambling, and you are the type that they say " gambles for fun", will you find it fun loosing that money still? will you return another day in awareness of how much you will loose and still want to loose for fun?
You reference "alone" in the thread title but make no mention of it in the rest of your post. Many people go gambling with friends, whether that be at the horse track or at the casino, they might consider it a night out where they get a little bit drunk as well - makes a change from a night club or bar. Gambling alone at home definitely puts you in a different frame of mind, while it might be "fun" and a rush the first few times you win, eventually it can corrupt your brain into chasing those wins while ignoring mounting losses. If you're able to do it casually while having enough control to limit your loss, then you might get some fun from it - but it's a very slippery slope. Your last sentence doesn't make much sense, because while it's true that they are destined to lose, everyone is deep down hoping for those big wins. |
|
|
|
This world is full of limitations that you may not understand. In Amsterdam, for example, you can legally buy marijuana and smoke it on the street or spend the night with a prostitute. In some other country, you could be sent to prison for five years. This is why there are rules and laws that many people do not agree with. If I were you, I'd look for those casinos that don't forbid you to play on their website or use a VPN after all.
In our country, being jailed for using marijuana is nonbailable. That simply means that each casino site could create its own rules and we have no choice but to obey them. If using VPN is against their TOS, they look for casino sites that you could freely access in your country. There are lots of reputable casinos that aren't strict when it comes to the location. Sometimes it is not even a case of them rejecting you because of the laws, they might just be limiting their access to certain countries and gradually expanding. It might just be a case of having to investigate, analyse and determine whether it is worthwhile to accept citizens where the rules might be unknown. Their could be a long process to get vetted and officially be granted permission, or it might get tied up in all sorts of bureaucracy and corruption if you want to do things the right way. Then there are technical issues that have nothing to do with your country - they're likely using geolocated IP's and the range you're on might be connected with lots of suspicious behavior, so they deny large blocks of IP's because a few people abused it. |
|
|
|
When BTCitcoin is under 1 dollar people think it's another WebMoney kind of thing, greed was becoming Fear people failed to hold on it.
Same thing keep repeating itself first Greed enter's and it turned up into fear and bought wrong judgements.
Fear of loosing FOMO is where we get out of positions and accept losses, FUD is what makes market down and it keep repeating itself.
New entries are more infected by these two viruses FOMO & FUD, with experience we learn how to deal with it. If there are no more new entries BTCitcoin will become more stable.
90% of crypto geniuses failed just because they failed to HODL it learn from them don't be one of them.
First thing to learn in BTCitcoin is Hodl it - Fear is not Real
This sounds like something a cult leader would say, not someone who deserves any credit or degree of trust. Fear is a very useful and helpful survival instinct, probably one of the things that has gotten humanity this far. Knowing the limits and expected parameters you are working with can help gauge a risk to reward ratio. For all this talk of "holding forever" is is absolute drivel and meaningless, life has expenses and making a nice return on your investments requires cashing out at times. Knowing when to trim your losses while finding a happy medium between risk and optimism for the future is a skill you need to learn. Diversification is a great tool to shield your wealth from volatility and large losses so should definitely be encouraged. |
|
|
|
Hi everyone, Lately I found out that sportsbet.io lowers my odds. I have compared with 2 browsers, one connected with my account and the other one not. I have seen nearly a 2% difference on odds' values ex on Leeds vs MU: https://freeimage.host/i/capture.1T4ZEGEvery market I have checked, it is the same. I have contacted the support by chat a first time and I had the following answer: "Odds are subject to change, and can also change based on individual accounts activity, betting behaviour and history. "
"The odds you see are based on your accounts previous betting activity."
" Upon review, we can assure that our betting limits depend on multiple factors such as sport, league, market, account and time of bet placement. We have different limits for different leagues, and we regularly review our business and make decisions around our total exposure which takes into account sports, competitions, events, markets. "I wanted to have further explanations just like how long will I have this limitation or What is the criteria or the specific betting activity that has lead to this situation, but the chat was already closed. So I contacted the chat again, a support guy asked me for a screenshot which I have provided. Then I received this answer from support: " Thank you for your patience. As explained before, Bet Limits are set from account to account based on your betting activity. Kindly note that as per terms and conditions, we reserve the right to have limits set depending on the account. Also, I would like to inform you that we have already explained this to you in another opportunity, if you keep insisting on this matter, you will have your chat privileges revoked." Is it me or do I feel like the roles are reversed ?!!!!! My only explanation is that I bet a lot this month with a lot of success and to stop all that, they decide to lower my odds. It is not a market/event/competition issue. I have tried many of them and it's the same. Has anyone been in the same situation? This does seem unusual and it would be interesting to see more comparisons, there may be a genuine error taking place or it could be intentional. Either way, it will be covered by their terms of service agreement and you are not obligated to accept any price that they offer - so I don't really see any problem with it. Always compare against other sites with the actual bet you're offered and you'll probably find that they are very similar, it might actually be exposing their margin of safety (and profits) on a bet rather than anything else. There are many reasons that could be driving it, some may even be down to the specific user level - if you've won a lot of money through them it might be a way for them to restrain further losses, which is perfectly fair as they are a company looking to make a profit. |
|
|
|
Observing the cryptocurrency market, we found that although most cryptocurrencies have price differences, most of them will fluctuate with the price trend of Bitcoin. When the price of Bitcoin increases, most other cryptocurrencies will also increase, and vice versa.
Is this trend due to large accounts operating on multiple exchanges or countless retail investors carrying price differences? Or is it caused by other operations?
It's hard to pinpoint all the interconnections, hopes and fears that drive financial related transactions but I distinctly remember right after Covid started. The stock market began to crash and Bitcoin went with it - so the effect is not limited to specific assets, or sub classes within those assets. However there definitely is correlation between cryptocurrencies for all sorts of motives - you've got whales involved, which might sometimes be hedgefunds trying to take profits when things look negative and you've got people who bought in but were hoping to see rises, then they get spooked at the large amount of volatility in the market - people are happy to see it go up 10% in a day, but might get spooked if it drops 3%. It's impossible to tie these things down to one reason, because there are millions of different motivations and requirements out there. |
|
|
|
20 hours per day? thats fucking insane. Cheesy
Spending long time in gambling does already indicates that you do have a big problem and now you've requested for some self exclusion but still continue to make deposit
but on the time you have lost then you do sue them out and asking for a refund? What kind of bullshit thinking is that?
I do not think that any genuine person will take part on gambling for 20hours or something like that. But it might happen for someone who is addicted on gambling and is not mentally stable. Gambling responsibility should be stand for them. As these types of people cant stay away from gambling they should have such feature. I am not a fan of stake, if stake has such a feature then I do not think this accuse worth anything. And to communicate with moderator or admin regarding gambling responsibility is worthless. I never encounter such person in my gambling career since if a person goes in that situation then there's no doubt that the person is already addicted. Also maybe its good if we don't blame casino towards not having this feature if someone want to point this out since in the first place its responsibility of each gambler on how they handle their finances and playtimes so if they are playing to much without having a control. Maybe there family should step up on this scenario since this person have mental health issues. Well, it's a lie to start with because nobody can sustain that and you'd have a very sad life if you spent 20 hours straight gambling for a day. Besides the fact of - where is all the money coming from to fund such constant losses? Nobody is winning against these casinos and it's probably one of the lowest forms of entertainment that you can find out there. It's kinda hilarious when people refer to having a "gambling career" because it shows a clear lack of understanding in the basic math that underlies the vast majority of games out there. The only people with a chance are highly skilled poker players, who are unlikely to refer to themselves as gamblers anyway. |
|
|
|
Bitcoin as a digital decentralized currency have been widely criticized by many banks and other financial monolithic characters who have been on for front of global financial system, the latest being the call of central banks governors to the EU for the total ban of bitcoin mining and trading ,this also came a week after the Rusia central bank governor advised the President against cryptocurrency adoption.
This have proven to a large extent the political undertone as regards to the central banks position on compartitors such as bitcoin having the capacity to transform the economy of a nation,state or region as a whole, what are the possibilities of central banks governors winning the war against the decentralized finances or will the central banks looses it relevancy when Bitcoin finally become a global currency.
It seems you don't understand the point of a central bank. They are there to maintain the financial stability of a country, for the long term wellbeing of their citizens and will use as much historical evidence to evaluate what they believe is the correct course of action. They are not there to jump on the latest bandwagon just because a certain group of people think it is the future. Quite frankly, Bitcoin is not fit to be a world currency because it simply does not have the capacity to handle the amount of transactions required without a third party system layered on top - creating wasteful duplication that is inefficient compared to existing networks. It's a special kind of ignorance to think that crypto is a competitor, rather than a possible alternative form of payment, to existing fiat currencies and this sort of attitude does no favors to getting wider adoption. Bitcoin has many useful purposes but should not be considered the only possibility. |
|
|
|
From the beginning of humans, we have created boundaries between ourselves by lots of conflict over the century. Our greediness and eagerness for more power make us intelligent animals. Humans are capable of their own destruction. But what if those never happen? what will be the scenario of the current world if there is only one nation and one currency and humans invest their full strength for human resource development and the development of science and technology? What do you think is that even possible in the future and what will be the benefits and inconvenience of it?
This is called globalization and it's steadily progressing, just over 20 years ago the European Union did not exist as it does today with a single currency. However while it is nice to think that all people can and should be able to work together, there are a lot of leaderships in countries who enjoy the power they wield too much to ever relinquish it. There is also the thought that a single unified government is not a great idea, because it would be able to, if not required to, suppress small rebellions with force in order to maintain unity. This means that anyone who disagrees with the status quo, who likely wouldn't have the power to change anything, could never meaningfully protest or progress change, so be careful what you wish for. With great power comes great responsibility, but history has shown us it is often abused by one leader eventually. |
|
|
|
Bitcoin is an incredible thing for an outsider of the crypto industry. My friends always show their curiosity about Bitcoin, and they are pretty interested in getting into the Bitcoin ecosystem. But when it comes to traditional investors, it's challenging to mean them the crypto industry. Recently I faced this kind of situation. My uncle (mother's brother) is a stock trader. He frequently trades like a day trader and invests a lot of money in mutual funds. One day in the family gossiping, I comprised his investment plans and my investment plans. He put his money in mutual funds and did day trading. On the other hand, I put my money on Bitcoin with some substantial projects, a yield farmer, and I use crypto properly. After listening to some opportunities about the crypto market, he started to show interest. But one question he asked that why anyone invest in something that does not have an actual existence? I was like, how can I meant him the whole ecosystem. I just answered, Here's the game. We are in the digital world where Bitcoin would be the future worldwide currency. I told him some benefits and opportunities are having an investment in Bitcoin. I remember I googled and found some point to point benefits of Bitcoin investment. Advantages Of Bitcoin - High Potential for great returns.
- Variety of Payment option.
- Instantaneous Settlement, International Transactions.
- Diversification, Greater Liquidity
(On the other hand, I mentioned some risks also, Account hacking and High volatility). After showing Bitcoin's historical APY numbers, he started showing curiosity, but I was surprised that he loved the market's volatility. Usually, any newbie does not like this much volatilities, but he was like, significant volatility, many opportunities of making profits from trading. I told him the fundamentals of the Bitcoin ecosystem, how the blockchain works, how anyone can send and receive the Bitcoin just having an address. I give some Youtube videos link to watch for learning more about the crypto industry. After one week, We again sat together to talk about the market. In this one week, he learned many things about the industry. Then he was ready to invest in Bitcoin. As I knew before that, he was a day trader; that's why in the beginning, I suggested him invest in Bitcoin for the long term. After learning about the market, you would diversify your plans and strategy. Later on, the next day, I told him about the market exchanges, DEX, CEX, where to store, how to keep your holdings safe, etc. I described the term "Not your keys and Not your coins." That day, I suggest some Youtube videos to watch and learn properly before investing in the market. After two days, I brought him 100$ worth of Bitcoin, suggested that he buy when the market is in dip or don't buy at once, and buy with calculating DCA. (he was pretty good in market analysing terms) When the market fell, I gave him 50$ worth of Bitcoin as a gift for his new journey. In our country, After the 2011 stock market crash, the market took a long time to recover the losses. Still, most of the mutual funds are at a loss. He would diversify his income by investing in the crypto market or could get a massive return in the bull market. Maybe it's just a start, day by day, he could be more mature about the market, and I'll constantly give him the market updates. It's funny to hear about "stock traders" these days, many people picture this glamorous and fast paced world where people are buying and selling frenetically all day. It's nothing like that, the sort of things you see in 90's movies do not have a reason to exist any more. High speed trading and all sorts of automatic programs make it almost impossible for a day trader. Stock trading doesn't work that way, professional outfits are looking at 3 month+ buy and sell trades, not trying to flip huge profits around in an hour. This stock trader you claim to have magically won over to the cause must have been deaf and blind for the last decade if he wasn't aware of the potential trading activity in this sector, so they couldn't have been very good at their job in the first place if they're only now getting into it. |
|
|
|
Unlike the internet, I guess they found it pretty impossible to control anyone in the country from being able to use it - so they might as well legalize it, tax it and have businesses making profit from it. Sounds like it will still be somewhat restricted and they what to contain it to certain areas of the country, at least from the mining perspective. It's a bit surprising that the ministry of finance and the central bank were so at odd's with each others opinion, maybe there is some kind of rivalry going on between the leadership of these two institutions and this is an outlet. The central bank, which controls the normal money flow, has lost it's case to the ministry of finance who is trying to innovate. |
|
|
|
....
I've never agreed with anything Paul Krugman said. He has always been a company man doing right by the demographic he represents. With concerns of public interest a distant second. Posting this as a contrarian piece to make everyone aware of the oddball perspectives floating around out there.
While the headline reads: "how crypto became the new subprime". In the 3rd paragraph Krugman admits cryptocurrency isn't a large enough chunk of the economy to threaten the financial system. That's how far someone would need to read to realize Krugman's claims and views are inconsistent. And the legitimacy of his piece only declines from there.
Paul Krugman is like a slightly better version of Jamie Dimon back when Dimon condemned bitcoin and crypto. That was before JP Morgan entered the business of buying and selling BTC and Jamie Dimon was left to wonder why the banking institution of which he was CEO was doing business in the asset class he had condemned only months before.
I don't think anyone here on this forum will agree with Paul Krugman or support his claims. But perhaps it makes for interesting reading.
It feels like whoever the author is went into this article with a certain mindset and in many ways fails to understand how cryptocurrency works, so opts to take a stance against it out of ignorance. When he mentions things like "supposedly do away with the need for these third parties" it is clear that he has never seen a wallet on someones personal device that is in no way connected to an exchange which many casual users will use. He confuses coding to a standard that he cannot comprehend, to it being an impossibility that such a decentralized system could ever exist - which is clear nonsense as the last 13 years have shown. Fees have also dropped substantially over time, unlike banking systems, which at least in certain countries, are always looking to squeeze out extra charges in very underhand and imaginative ways. |
|
|
|
Hi guys,
what is the actual status of Blockchain Gambling, is there now Live-Roulette running? I ask this, because i don' t like to be scammed anymore through the middle man Online Casino.
The last one (fortunejack.com) stole from me 20$ It' s not much money, but under this conditions i can' t gamble with serious money.
Unfortunately you have gotten the wrong mindset, it's highly unlikely that they stole $20 - but you are simply destined to lose all your money by playing such games. They are quite simply engineered to benefit the casino, the casino is not a charity there to hand out free money and there is a reason that last year was the best ever year for gambling company profits. Every single game you play is statistically calculated to return a commission to the "house" each go. You might win game one and game two, but they know that a true gambler will always pay any winnings back to them because the whole activity is heavily driven by greed. Blockchain gambling might reduce the commissions but there are always expenses that will have to be paid by every person betting over time. |
|
|
|
The increasing inflation is currently soaring across the globe, leading to excessive price increases in most goods, in fuel and energy. To make matters worse fuel and energy costs are not included in inflation's index, thus, a 5-6 or 7% increase, is actually a lot worse than anticipated.
In particular, Greece is now facing a 6.2% rise in inflation, compared to January 2021, the largest ever recorded since 1997, compared to 5.1% in December. Increases are now spreading across the spectrum of the economy and not just energy, as it was a while ago, thus reducing disposable income and reducing inflation not to an economic issue but to a wider social issue.
According to ELSTAT data, the goods with the largest increase compared to January 2021 are:
Natural gas with an increase of 154.8%
Heating Oil with an increase of 36%,
Electricity with 56.7%,
Fuels with 21.6%,
Lamb and goat with 17.6%,
Olive oil with 15.4% and
potatoes with 12.3%.
Fresh vegetables 14.4%
The situation is about to get worse, with depressing predictions of it surpassing 7%-8% in the upcoming March. How are we dealing with such a situation? It feels like a battle against an invisible enemy. Our available income is shrinking, what is the best way to tackle inflation? The most common answer I've seen is to invest, rather than save, but how exactly do you invest? Since when is buying cryptocurrencies, such as Bitcoin, tackling inflation, since it can also face periods that it's losing value.
Is it going to get any better, and how soon is that going to be, if prices ever recover. Personally, I highly doubt it that the situation is going to get any better within 2022.
Unless supply chains start to unwind this inflation mess and get back to stability in a couple years, this is going to create a spiral affect that governments all around the world will struggle to control. People are going to start asking for higher wage increases to keep up, which pushes costs up further throughout the supply chain and causes further rises. Eventually central banks, who have avoided taking a responsible approach for many years, will be forced to put up interest rates substantially, which will cause mortgage costs to rise and eventually people will not be able to afford to remortgage and some may lose their homes. This might be caused by a bit of a spending spree after Covid but unless it calms down it could cause the next economic bust. |
|
|
|
|
Show Posts
