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141  Economy / Economics / Re: How SVB fall going to affect bitcoin, crypto in general? on: April 25, 2023, 04:36:09 AM
Stocks are pretty unstable at this moment, but if you do right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k  just in a matter of weeks/couple months, so I think there are lot of wealth transfer in downtime if you know where to look.

142  Economy / Economics / Re: No petrol/diesel car sales by 2035/ Reality or dream? on: April 24, 2023, 05:33:57 PM
In my point of view 2035 is not much far away from now, most probably this would be implement in rich countries it will be easier  for them, but what about poor countries? are they capable of having charging station in each and every coroner? in city it is not much big deal but what about remote areas? that's why in my opinion view mechanism of cycle must be invented which suits for cars or we can make the machines from which ethanol and fuels like petroleum can generate electricity and we can use both electric as well as ethanol based vehicles, which can help the countries which are economically less constant and produce fuels (rude oil) as well as farmers, who produce sugarcane for ethanol
143  Economy / Economics / Re: Why is Inflation Happening All Over the World At Once? on: April 24, 2023, 05:00:50 PM
I am looking from different prospective inflation is rising levels higher than we've seen in decades, for reasons largely related to spending practices and other factors of the pandemic, as well as Russia's invasion of Ukraine. Inflation can be reduced by making people understand about investing money, potential for long term returns. While cash is undoubtedly safer than shares, it's unlikely to grow much as money losses its value over time.  Lips sealed Lips sealed Lips sealed
144  Economy / Economics / Re: [CHART] Bitcoin Inflation vs. Time on: April 23, 2023, 12:44:42 PM
During the initial stage of the Bitcoin projects, users need to provide the default transaction fee, and miners are required to process the transactions according to the system setting even the zero fee transactions, whereas users prefer to offer a higher transaction fee to attract miners in order to reduce the transaction processing waiting time with growth of transaction volume and users. As recorded in the official document of Bitcoin, the transaction fee are not required for some certain types of transactions through the zero transaction fees cannot be financially sustainable with the development of bitcoin.
145  Economy / Economics / Re: Is the US economy in recession? on: April 23, 2023, 12:00:31 PM
Excess Money printing may increase inflation, but that alone may not cause recession because higher inflation negatively impact people who have higher savings. Those who doesn't have a large amount of savings are not that much impacted. At this point new jobs are being created in the United State since there is net addition of jobs in the market at this point recession looks unlikely. However the ongoing war between Russia and Ukraine is a big concern and it can  increase  the chances of recession in the future.
146  Economy / Economics / Re: Rules of Taxes on: April 23, 2023, 10:29:45 AM
I agree with the opinion that income tax is only suitable for government employees, income tax is indeed something that is disliked because the government is not involved with someone's income, of course this is my opinion because I also have to pay income tax and it is automatically deducted every month. It's time for the government to think about collecting income tax.

Taxation should not be a painful process for the people. There should be leniency and caution while deciding the tax structure. Ideally, governments should collect taxes like honeybee, which sucks just the right amount of honey from flower so that both can survive. Taxes should be collected in small and not in large proportions.
147  Economy / Economics / Re: New currency from BRICS countries on: April 22, 2023, 11:43:48 AM
Even though it was late still it's a brilliant futuristic idea of replacing dollar by other currencies for global trade. Because of dollar only so far all nations are suffering economically. Finally people outside NATO states will have sign, free from one sided dollar repression, sanction financial and military harmony.
148  Economy / Economics / Re: Russia To Legalize Use Of Cryptocurrency In International Trade on: April 22, 2023, 11:08:51 AM
Now the situation is worst in Russia country is having negative effect that's why they are looking for back up. whatever happens happens for a reason. When situation became worst then Russia legalize use of Cryptocurrency in International trade. Very interesting to even hear a country this big and influential consider legalizing cryptocurrency in a public way. I support this. Though I'm sure it's not to the standards of idealists its a great step towards decentralization and innovation on the geo-economics scale
149  Economy / Economics / Re: What crisis what food crisis ? on: April 22, 2023, 10:42:24 AM
This things only happen when one country are too dependent on other countries. This is why local economies are so important, we all need to start producing more what we need and rarely dependent on other countries. When  Countries farmers didn't get flexibility and support from government and when government start imposing unethical rules without back ups,  no long term food stores, for example Sri Lanka impose the country banned the use of fertilizer for their crop and without fertilizer it was impossible for them to farming as a result Sri Lanka had food crisis.








150  Economy / Economics / Re: Lending money or damaging family bond ? on: April 21, 2023, 06:22:17 AM
Instead of hostility between families, it is better to avoid giving debt or loans to anyone in your family if they are not the ones who want to pay for it.
Another solution that can avoid this is by giving rewards to families in need by not expecting payment from them if you are a better person financially.
in this way, in my opinion, you will look like a person who contributes to your family. i think so

You are right. Giving debt or loan within family only if you can endure the lose which you gave them in loan of debt. Otherwise if you can't endure then it is better not to keep money relation with family. Most of the time what happen in money relation with family like there in a joke ''give me a loan then leave me alone''. I always keep distance with such lazy people who ask money again again to fulfill their small needs instead of working. 
151  Economy / Economics / Re: Is some certain lifestyle a waste of money and time ? on: April 21, 2023, 05:57:51 AM
I don't like to be slaved by items and I don't follow brans, in today's world people have craze on brand to show off investing on brand. Following trend is also waste of  money. I enjoy my life and would pay for good services and good products not just name or brand. I don't waste money on drinks and smoking, I don't use vehicle for short distance. Instead of vehicle I prefer walking everyday from which I get double benefit. I don't have to pay for gym. people who are struggling with basic needs, would be happier and better if they follow this.
152  Economy / Economics / Re: Is it true that 80% of the world's wealth in the hands of 20%? on: April 21, 2023, 05:08:48 AM
Just think about the reasons why so many governments of the world are against cryptocurrency.

Its mainly because the government can't regulate it and track it. The government want to be able to investigate your bank and financial activity. If needed,  freeze assets get taxes. Since it digital, Bitcoin exists at many different locations at the same time. This makes it very difficult for a single regulatory power to enforce its will across borders. It also means that a government or other third party can't technically raid on office and shut down anything.

If many governments of the world are against cryptocurrency and and can ban anytime then what why governments should tolerate cryptocurrency?

153  Economy / Economics / Re: Economic power on: April 20, 2023, 04:52:06 AM
As everyone knows, economic power refers to the ability of individuals, organizations, industry, governments and nations to control and influence the production, distribution and consumption of goods and services. Economic power is very important because it provides the necessary resources to build and sustain other aspects of life. Regarding Political power, in my opinion although it is important, it cannot survive without a strong economy because Lack of economic strength can cause various problems, such as poverty, unemployment, and social unrest.

Yes you are absolutely right economic powers has the ability of countries, businesses, or individuals to improve their standers of living, individual can take decision by their self if financially someone is not dependent upon their family or partner then no one can suppress them same thing applicable with countries as well it increases their freedom to make decisions which beneficial for them and reduce the ability of any outside force to reduce their freedom. For example India is exporting oil from Russia after knowing that Russia is a big enemy of US. If India was Economically weak then India can't take this steps we can see economy power here.
154  Economy / Economics / Re: Americans go to Mexico for medicals to cut costs. on: April 20, 2023, 04:25:50 AM
If country is developed then this kind of problems is normal you only can survive when you have good income source, in such countries like United Sate of America if you are not financial stable then you can't survive everything depend upon money. Americans go to the Mexico because since the introducing of the INSABI scheme in January 2020, Mexico has universal healthcare for all its citizens and expats.
155  Economy / Economics / Re: How is the cost of living in your country? on: April 20, 2023, 04:09:07 AM
I am from northeast India, cost of living depends upon the area where you got job here basic salary is 15,000 you get single room with attached bathroom in 3,000 to 4,000 which you can share  with your colleague. when i was working Gyalshing West Sikkim, things was cheap from groceries to other accessories but when i move to Gangtok things become expensive mostly green vegetables is too high since it being organic. Sikkim is the India's first organic state.
156  Economy / Economics / Re: Russian Gas ban - A problem for Europe or suicide for Russia? on: April 19, 2023, 04:17:46 AM
Russia supplied a large portion of Europe's gas for many years, which provides both heat and electricity to much Europe. After sanctions were imposed on Russia due to its invasion of Ukraine, Russia began limiting the amount of gas it sent to Europe. India, which has emerged as the biggest customer of Russian oil, in January imported a record 1.4 million bpd of the community a more then 9 percent rise from December. India's imposts of thermal coal in 2022 rose nearly 15 percent to 161.18 million tones.
157  Economy / Economics / Re: Bans on crypto now looks like a joke on: April 19, 2023, 03:53:17 AM
The people's Bank of China argued that its ban on cryptocurrencies is to curtail financial crime and prevent economic instability. World is already moving towards digital even beggar use bar code for donation for begging from this we can see the level of digital world this time if crypto will ban than people will oppose many people leave county because in this native country crypto was ban. According to many experts, a cryptocurrencies are simply pieces  of computer code they can't banned.
158  Economy / Economics / Re: Germany surprises everyone, the economy keeps growing on: April 19, 2023, 03:27:59 AM
The German economy managed to hold its ground despite difficult framework conditions of the global economy with continuing COVID-19 pandemic, supply chain interruptions, rising prices, and the war in Ukraine. The economy of Germany is a highly developed social market economy. It has the largest national economy in Europe, the largest by normal GDP.
159  Economy / Economics / Re: Inflation and Deflation of Price and Money Supply on: April 18, 2023, 05:17:57 AM
Inflation is defined as the increase in the price levels of goods and services in an economy. Deflation is termed as the decrease in price levels of goods and services in an economy. Impact on demand. Demand for products and services decrease in deflation. Inflation is an invisible thief it keeps you under the illusion that your money is safe but actually keeps reducing money's value. To stay safe from this inflation we need to invest our money in right things like Gold ETF, Share market etc. Investment doesn't only save you from losing the real value of money of its purchasing power, at the same time its's also help economy to grow faster and stronger.
160  Economy / Economics / Re: Automating your savings will help you save more on: April 18, 2023, 04:16:50 AM
Automatic investment plans allow us to contribute money at regular intervals without lifting a finger.  The money can be setup  to come directly from our bank account every time we paid. In essence, we are "paying ours elf first"  which is huge benefit if we trying to build wealth. It is my personal experience once i went at Bank that time my uncle was suggested me to invest in APY he is the manager of bank that time i didn't have any interest to do such things and he said that is is really small amount like around rupees 289 per month cant ignore him because he is my cousin i just invest that time and i forget about it for long time almost 3 years. Last moth i  went at bank and suddenly recognize that i have an account in APY when i ask them to check i really shocked that there was amount rupees 10404 without i realize it was really surprise for me and i decided to continue it. If we are investing small amount from our income then it didn't effect much but really matter in our hard time.
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