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Author Topic: Is the economy situation in your country that bad?  (Read 35495 times)
sbtctalk
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October 16, 2016, 09:07:59 AM
 #1

It seems there are bad news all around with doom and gloom. Trade figures going down, jobs cuts, security situation not going well, and bad loans.

Is the economy situation in your country that dismal? Or this is just some fear mongering?


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October 16, 2016, 09:38:04 AM
 #2

in my country, too, the situation is very difficult. High unemployment, wages too small - not enough money on that enough. Defer portion of income becomes heavier
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October 16, 2016, 09:45:12 AM
 #3

i think almost a whole of world have those situations and including also in my country because currently almost on every years college fresh graduates become unemployment because small chance to get decent jobs and the bad impact is criminal acts has increasing day by day

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October 16, 2016, 11:17:44 AM
 #4

Back then, the economy of my country was really good. It used to be 1$ = 2PHP in my country. But now, 1$ = ~45$. It is because of all those corrupt governments that handled our country. Today, the economy is starting to be great again because of the new President. It has just been 100 days and there's a lot of changes and all of them are positive, and that includes the economy.
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October 16, 2016, 11:54:32 AM
 #5

It seems there are bad news all around with doom and gloom. Trade figures going down, jobs cuts, security situation not going well, and bad loans.

Is the economy situation in your country that dismal? Or this is just some fear mongering?



Still my country in the list of developing countries list. My country's economy is balancing however with the income goverment plans and tourism. I expect that bitcoin to accepts in my country from tourister atleast.
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October 16, 2016, 11:59:23 AM
 #6

Not really, for me its a good thing that our local currency drops value versus USD, more exchange per $, more food on the table and extra money to pay the bills.

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October 16, 2016, 12:13:28 PM
 #7

in my country,  the situation is not to difficult.

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October 16, 2016, 02:24:12 PM
 #8

I'm not in my country right now, but i was read news on the internet i think it's alright. Local currency strengthened against dollar, and the economy is increasing every year.

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October 16, 2016, 02:51:43 PM
 #9

It seems there are bad news all around with doom and gloom. Trade figures going down, jobs cuts, security situation not going well, and bad loans.

Is the economy situation in your country that dismal? Or this is just some fear mongering?


we are all down coming from the stocks seems that many investors are fearing what our presidents are doing fighting against drugs and criminality and making some statement that really worried the business community against american allied i think its still not been felt by the community because the president together with his government are doing well and still making good moves to survive but economically and as holder current situation really matters just waiting for a good timing to sell my stocks.



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October 16, 2016, 04:54:52 PM
 #10

Actually in most of the developing/under developed countries economic situation like job scarcity, low paying jobs, high expenses are normal and this types of economic problems are increasing year by year. I am also from developing countries so yes we have bad economic situation from many years. Even our online bank accounts and ATM machines are not secured enough so i prefer to store my cash/fiat in bitcoin and i think in the countries where the economic situation are worst bitcoin can be secure way to store wealth.

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October 16, 2016, 05:06:17 PM
 #11

i think almost a whole of world have those situations and including also in my country because currently almost on every years college fresh graduates become unemployment because small chance to get decent jobs and the bad impact is criminal acts has increasing day by day

Hmm Same situation here too, there are people already roaming around for jobs but still jobless and the quantity is increasing every year as the more people finish their studies and then start finding jobs but not all get success in that, and many of them start doing bad things because of that which is really a bad impact on the community.



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October 16, 2016, 05:10:57 PM
 #12

Actually in most of the developing/under developed countries economic situation like job scarcity, low paying jobs, high expenses are normal and this types of economic problems are increasing year by year. I am also from developing countries so yes we have bad economic situation from many years. Even our online bank accounts and ATM machines are not secured enough so i prefer to store my cash/fiat in bitcoin and i think in the countries where the economic situation are worst bitcoin can be secure way to store wealth.

That's true, developing countries have a lot of problem in the job availability. Because of such situations economy is going in a normal manner without much boom. Possibly everything will be good when the job opportunities gets increased.

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October 16, 2016, 05:48:47 PM
 #13

Would help if people stated where they are from when answering this as it helps relate their perspective on the economy,otherwise its just a random post and you are left wondering where the poster is from.

Canada:

The problem with the economy here is we are very resource based and a lot of what happens is dictated by our southern neighbors(USA) and they are currently in hibernation till after the elections. Both parties seem to be protectionists and that means less free trade,which is going to hurt us a lot.
Soft wood lumber and the Keystone pipeline are two big issues and we are usually loggerheads at the best of times.

The one thing that was boosting the economy was real estate sales and now that the government has cracked down on foreign owners buying and flipping by raising taxes on them. Its been well known for a well that China was unloading dirty money into the real estate to get it abroad.
This will slow down construction of new homes another big aspect of our economy,leaving mostly young men out of work. This will tend to hit 7 months from that actual issue as projects wrap up and nothing new is started.

The economy is in trouble and the government is putting lipstick on the pig to keep people from going out the window and causing mass panic.
But this really could be said about a lot of countries right now and we have really been in this state since 2008.
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October 16, 2016, 05:53:30 PM
 #14

It seems there are bad news all around with doom and gloom. Trade figures going down, jobs cuts, security situation not going well, and bad loans.

Is the economy situation in your country that dismal? Or this is just some fear mongering?


Where i am in UK there isn't a slow down in anything much yet really.  We have a drop in the pound and i have found business a little slower for this time of year.  I would not trust any posted figures tbh just use your own judgement.

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October 16, 2016, 05:57:02 PM
 #15

Yes, China's recent economic problems slow down economic growth of many countries and last week world wide many exchanges lost their index 3% to 7%. But, these will not impact bitcoin ecosystem in anyways. So, I am little breathing.

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Backside walkaround
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October 16, 2016, 06:07:13 PM
 #16

Nah, not too bad at all.  Of course I've had a job for the past few years so I don't know if the labor market is tight.  But it definitely isn't as bad as it was, say, in 2010.  Unemployment was ridiculous.   And right now inflation in the US isn't that high.

If the original Backside walkaround can prove to me they are the old owner of this account, I can update the email address to the email address of their choosing.
Backside walkaround has lost access to their account as they used someone else's email address to sign up, and the owner of the email address got tired of random email notifications from this site after a few months and reset the password.
wikenpp
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October 16, 2016, 10:20:56 PM
 #17

Nah, not too bad at all.  Of course I've had a job for the past few years so I don't know if the labor market is tight.  But it definitely isn't as bad as it was, say, in 2010.  Unemployment was ridiculous.   And right now inflation in the US isn't that high.

Same here, the economy is, slowly, growing. nothing big though, but yet it is growing. While it is very dependant on the other countries for it's growth. Like the US. They got a very big impact on every economy in the world. And i don't think a thing can pas sby and we don't notice it. Same applies for china. If they stop consuming a lot of countries in the worlld will eventually get into financial problems.
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October 16, 2016, 10:41:26 PM
 #18

It seems there are bad news all around with doom and gloom. Trade figures going down, jobs cuts, security situation not going well, and bad loans.

Is the economy situation in your country that dismal? Or this is just some fear mongering?


Luckily it is better in my country.Unemployment and inflation both are in control and there is no serious economic crisis.GDP is still growing

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Doamader
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October 16, 2016, 11:07:01 PM
 #19

The only way to stop any financial problem is taking off the benefics those politicians does have, an amazing car, a huge salarie, and the people under them, because each politician might allow others to earn without do anything, till the people dont figure those out and those people stop stealing us with those bullshits beneficts.


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bestluck
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October 16, 2016, 11:14:25 PM
 #20

I have heard that news for the first time in terms of my country as the situation of my country is on the way of better future and it is going to adopt all those technologies which will be helpful for a nation to develop it in all means.


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