Are we headed to a nowhere economic direction ?

[Lamkuthang]

The global economy is increasingly difficult to predict, inflation that is happening globally makes us worry, if we only rely on current income then next month or next year we will experience difficulties, before bad things happen we have to be creative by utilizing all the potential that can become money .

In the face of this uncertain global economic challenge and with rising inflation I think it is very important for every individual to take proactive action to overcome this challenge.I think By exploring creative ways to maximize earning potential, embracing innovation each individual can adapt and be familiar with the current changing economic circumstances in an independent effort to reduce the impact of uncertainty and I think it's good not just say it but do it for ourselves first .

[Betwrong]

The global economy is increasingly difficult to predict, inflation that is happening globally makes us worry, if we only rely on current income then next month or next year we will experience difficulties, before bad things happen we have to be creative by utilizing all the potential that can become money .

In the face of this uncertain global economic challenge and with rising inflation I think it is very important for every individual to take proactive action to overcome this challenge.I think By exploring creative ways to maximize earning potential, embracing innovation each individual can adapt and be familiar with the current changing economic circumstances in an independent effort to reduce the impact of uncertainty and I think it's good not just say it but do it for ourselves first .

I don't think we are in the midst of a global economic crisis, but certainly there are countries where economic situation is not looking good, and if we are happen to be in those countries we have to act accordingly: we have to cut our expenses to save money for the necessities, we have to find additional sources of income and stuff like that. I think, there's nothing to be scared of. It's life, it has never been easy for most people, and yet people always, in any circumstances, were finding ways to live and to be happy, at least sometimes.

During harsh times it is especially important to not occupy ourselves with negative thoughts, the thoughts that  are imposed on us by propaganda of dictatorship regimes around the world. It benefits them to make us think
that the global economy is in deep crisis and  that we are heading towards the end of the world. It makes us cling to them dictators, the only "saviors".

[Jatiluhung]

The global economy is increasingly difficult to predict, inflation that is happening globally makes us worry, if we only rely on current income then next month or next year we will experience difficulties, before bad things happen we have to be creative by utilizing all the potential that can become money .

In the face of this uncertain global economic challenge and with rising inflation I think it is very important for every individual to take proactive action to overcome this challenge.I think By exploring creative ways to maximize earning potential, embracing innovation each individual can adapt and be familiar with the current changing economic circumstances in an independent effort to reduce the impact of uncertainty and I think it's good not just say it but do it for ourselves first .

I've even started preparing since last year. Because the issue of recession has even been busy since last year. so I continue to make preparations quite well. I have even become accustomed to saving and spending more effectively. In fact, I started working on the side to supplement the income that I could save and invest.

My focus is still on helping the family and buying as much Real Estate as possible. and also invest in bitcoin gradually. I continued to make long-term plans and started to implement them slowly but consistently. I want my finances to remain strong even though the world's economic conditions are getting worse.

[ringgo96]

Your choice at this time is right because you have invested in the crypto world, although it is currently experiencing a decline but for the next few months everything will happen bull run as we expect and profits will definitely be felt, and now many rich people have switched to investing in crypto, gold and silver instead of storing their assets in banks with lower interest rates, So everyone does not want to have too much hope for increasingly troubling government regulations.

[Inwestour]

All analyzes indicate that the world after the Corona crisis is no longer the same as it was before it. Rapid changes in the global economy with new trends imposed a great change on the way of life in various societies, since we are in a globalized economy that affects each other. The current generation is witnessing the beginning of a change in the global system, and future generations will live a completely different reality than what we live in today.
The Ukrainian war proved great geopolitical changes and contributed to shaping the world as it is supposed to be after a global crisis that still exists.

The big shocks that affect the whole world cannot go unnoticed, and the world economy is now going through very difficult times. Now it is difficult to say whether we are moving in the right direction or not, there is high inflation, they are trying to reduce it, some successfully, some not so much, however, global processes are also cyclical, and after a long period of development, the world economy is in decline. Nothing can grow all the time, recessions and corrections are phenomena that have always been present.

[Nwada001]

What is your situation in your country ? Are you going to experience some economic turmoil as well ? Please let me know.

I guess the economic situation is almost the same in all countries, just that some countries are underperforming compared to others when it comes to their economic growth. One thing that I have realized over the past year in my country about how the economy is underperforming is the aspect of price increases on both imported and exported products, which I believe is a result of a bad economy and the country's currency being devalued.
 
When it comes to banks giving a high interest rate, I have not really enjoyed that or noticed it over the past months or years. This could be as a result of me not always being able to allow my money to stay in my bank account for a long period of time, or maybe the interest rate is only applicable to those who run fixed deposits into their bank account.
 
But one question that I have always had in mind is this: how does a high interest rate on customer deposits help in the growth of an economy? When the bank is to be spending more on paying depositors profits, which if there is a huge deposit, will result in huge profit payouts every single period that could possibly affect an entire banking system, if a depositor happens to request a withdrawal all at once, won't the bank experience some sort of bankruptcy?
 
Or maybe the interest rate increase is also applicable to those individuals and institutions who are requesting loans from the bank; the higher they are asked to pay per loan, the higher they are asked to pay per loan, which could possibly be the same method used to calculate the user interest rate per deposit.

[Dr.Bitcoin_Strange]

In the face of this uncertain global economic challenge and with rising inflation I think it is very important for every individual to take proactive action to overcome this challenge.I think By exploring creative ways to maximize earning potential, embracing innovation each individual can adapt and be familiar with the current changing economic circumstances in an independent effort to reduce the impact of uncertainty and I think it's good not just say it but do it for ourselves first .

Although there are countries that have the worst downtime in their economies as we speak, the inflation rate in those countries has gone so bad compared to other countries that they still have some other quick means of surviving the harsh economy. In some first-world countries, it can be a bit better for some citizens because they can have some part-time job that allows them to combine up to two or three jobs at a time, but in some third-world countries, you will have to work 10 hours every day from Monday to Friday. Some private firms in my country will even operate on Saturday. As such, their staff works from Monday to Saturday and rests only on Sundays. It's not really easy for them, but just like you mentioned, if there are still any personal skills they can learn to help earn more funds for themselves, Some guys and ladies in my country are Into freelancing jobs online, which are not even interfering with their real jobs. Investing in crypto could also be considered a wise thing to do.


Cheers 🥂, Dr.Bitcoin_Strange 👺👺

[coupable]

All analyzes indicate that the world after the Corona crisis is no longer the same as it was before it. Rapid changes in the global economy with new trends imposed a great change on the way of life in various societies, since we are in a globalized economy that affects each other. The current generation is witnessing the beginning of a change in the global system, and future generations will live a completely different reality than what we live in today.
The Ukrainian war proved great geopolitical changes and contributed to shaping the world as it is supposed to be after a global crisis that still exists.

The big shocks that affect the whole world cannot go unnoticed, and the world economy is now going through very difficult times. Now it is difficult to say whether we are moving in the right direction or not, there is high inflation, they are trying to reduce it, some successfully, some not so much, however, global processes are also cyclical, and after a long period of development, the world economy is in decline. Nothing can grow all the time, recessions and corrections are phenomena that have always been present.

There are rapid changes the world has been witnessing since the financial crisis in 2008, which was evident in the social and political changes since 2010-2011 in many countries of the world almost simultaneously. The Corona crisis came to expose the impotence of the global system and move the world faster to form a new system capable of responding to the reality of a changing world.
Of course, there are aspects that always appear with every change, and not every change will inevitably be good at all levels. Inflation, deflation, and job losses, in addition to geopolitical tensions, are all manifestations of a changing economy and expressions of global economic development.