World economy, what do you think?

[Vishnu.Reang]

Of course international relations affect the world economy because money is political. Interactions between countries affect their trade relations. this is of course also a direct impact on the world economy such as the rise of gold with rumors of trade warfare

I have a feeling that the ongoing trade war can be beneficial for us. For example, China may push ahead with its efforts to dislodge the United States Dollar as the currency of international trade. They want to replace USD with CNY, but till now they haven't found support from anyone. The main disadvantage with CNY is that it is a very heavily manipulated currency. That gives an opening for Bitcoin, no matter how minuscule that probability is.

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[Bezobraznike]

Of course international relations affect the world economy because money is political. Interactions between countries affect their trade relations. this is of course also a direct impact on the world economy such as the rise of gold with rumors of trade warfare

I have a feeling that the ongoing trade war can be beneficial for us. For example, China may push ahead with its efforts to dislodge the United States Dollar as the currency of international trade. They want to replace USD with CNY, but till now they haven't found support from anyone. The main disadvantage with CNY is that it is a very heavily manipulated currency. That gives an opening for Bitcoin, no matter how minuscule that probability is.

   People will eventually embrace Bitcoin, with that I agree with you Vishnu.Reang. People are tired from manipulations on both
sides. We must agree that both US and China are big manipulators. People don`t wish to bother with that anymore, and they will
join crypto-currencies.
   Lab Rat I agree with you too, money is a political thing. Crypto-currencies are math, and people will trust more in math then
in politics, like we do!

[mindrust]

The biggest threat is the central banks. The Fed wanted to raise the interest rates but Trump didn't let them.

Now they have no other chance but to lower the rates (as they already did 3 times) and do even more QE. (As they lately pumped $60 billion)

This is all going to keep the bubble growing and some of these money will eventually come to btc too.

I wish it happened otherwise though. I wish they raised the rates more instead.  This kind of growing in a low interest environment is a fake one.  It is fake for btc, it is fake for stocks, for RE, fake for everything.

[Google+]

Of course international relations affect the world economy because money is political. Interactions between countries affect their trade relations. this is of course also a direct impact on the world economy such as the rise of gold with rumors of trade warfare

if you realize it when they do trade interactions they will definitely use digital currencies like bitcoin to send money so I'm sure this can have a good impact on the price of bitcoin at the exchange, if the positive side will make the price of bitcoin go up because there will be many buy bitcoin and use it to send to local money.

[doomloop]

World economy by now is under hard crisis. This has happened with more people going jobless. In this world everything happens on a cycle. The world economy too follows this, and we experienced similar bad economic situation during the year 2008. Now once again this is taking place. Based on this soon we'll experience the economy to move forward.

All countries are in one way or another depending on one another for strong and stable economies. Definitely if there is no buyer of your commodity, how are you going to make money out of it? To end or reduce unemployment, governments shall shift the focus of people towards crypto currencies because there are so many people who would be great at trading and their profits will stable economy overall.

[EdvinZ]

The world economy is currently in a very precarious position. The trade war between the leading economies of the United States and China will definitely affect cryptocurrencies. Someone will try to circumvent sanctions with the help of digital money, someone will seek refuge in cryptocurrencies for their capital. When there is a global crisis, money does not disappear without a trace, it moves to more reliable financial systems. Perhaps some people will prefer cryptocurrencies to traditional financial instruments.

[abhiseshakana]

Worth economic never have goal to help each country have low quality of natural resources and focus to get their result without want to develop how to increase low economic quality in country growing up, every year always have meeting for discussing with to help poor country but in the reality world economic only get benefit by developed countries to get much natural resource from poor country.

Your opinion about developed countries that only take resources from poor countries without really advancing poor countries is the practice of capitalism. The funny thing is you know and criticizes the problem of economic inequality between rich and poor countries, but indirectly you might support it.

According to the understanding of capitalism economic growth will be realized when all economic actors focus on capital accumulation. But many people in the world support the system of capitalism, how does capitalism rule the world:
1. A banking institution is a suction machine for consumption leftovers. Those who enjoy the money are capitalists who have fixed returns and collateral so that a large and healthy entrepreneur can use the money
2. Capital markets, capitalists print shares certificates to be sold to the public with the lure of dividends. only large and healthy companies can sell on the stock exchange, capitalists
3. Free markets and free competition, so large companies can acquire small companies. In order to be able to expand prices must compete so that prices can compete in charge of the source of raw materials
4. Controlling state-owned enterprises by proposing a privatization bill for state-owned enterprises
5. Interfering with general elections in a country in order to become a decision-maker

3,4, & 5 need support from banking institutions and capital markets as sponsors. Therefore if you want to help, you can start from yourself not to put your money in a bank, so that you do not directly sponsor capitalist programs.

[mu_enrico]

Your opinion about developed countries that only take resources from poor countries without really advancing poor countries is the practice of capitalism.

Nope, capitalism is only about private ownership -> seeking profit.
You might be confused with mercantilism -> colonialism/imperialism.

how does capitalism rule the world:
...

There are many social and political problems mashed up together in the term "capitalism."


Source + read more: https://fee.org/articles/if-scandinavia-is-socialist-then-so-is-the-us/

So, the opposite side of Laissez-Faire Capitalism is Pure Communism, where the government controls everything. For me, I'd choose capitalism any day.

However, if you are talking about corrupt governments, in which NOT Laissez-Faire, then you have a point.

[juperos]

In order to grow your nation's economy strong and prosperous, diplomacy is a very important part .. we cannot live in isolation alone which will delay the development of the classic economy. It is either North Korea or Cuba after many years of US embargo .... Each country has its own strengths and geography so we have to support each other to develop, the agricultural country will export food and the import of industrial goods and industrial countries is the opposite, even in the world of cryptocurrencies

[White Christmas]

How much, in your opinion, has international relations influenced the world economy and what do you think about it?

Having an international relationship with other countries who have a good economy will be a big impact into the economic growth of both sides because they are sharing the same path on how they will improve their country. If a 2 largest country who have a good and wealthy economy join forces or having a relationship then maybe they become the world's top country in terms of economic growth. Having a internal relationship between a down and successful country will help them to carry the down economy of the both parties, this is how world economy runs.

[Sithara007]

People will eventually embrace Bitcoin, with that I agree with you Vishnu.Reang. People are tired from manipulations on both
sides. We must agree that both US and China are big manipulators. People don`t wish to bother with that anymore, and they will
join crypto-currencies.
Lab Rat I agree with you too, money is a political thing. Crypto-currencies are math, and people will trust more in math then
in politics, like we do!

I don't understand why the United States Dollar is still being used as a trade currency around the world. Although I don't expect Bitcoin to become the global currency for trade anytime soon, the addition for USD is illogical. The American federal debt has increased to all time high (~20 trillion USD) and it has almost surpassed the GDP of the United States. The economy is only surviving due to the relative strength of the USD.

The status of the USD as the reserve currency of the world enables the American government to take out more and more debt. They will lose this advantage once the US Dollar loses its status as the reserve and trade currency. But the problem is that there is no other alternative out there. The other currencies such as GBP, EUR and CNY are even worse than the USD.

[JC btc]

How much, in your opinion, has international relations influenced the world economy and what do you think about it?

Having an international relationship with other countries who have a good economy will be a big impact into the economic growth of both sides because they are sharing the same path on how they will improve their country. If a 2 largest country who have a good and wealthy economy join forces or having a relationship then maybe they become the world's top country in terms of economic growth. Having a internal relationship between a down and successful country will help them to carry the down economy of the both parties, this is how world economy runs.

It's really a big factor, although they don't have that much relationship but once they are sharing investment with each other, and signing an agreement that they will help each other then it means that there's  a big investment coming in from the rich country to the poor country, with this, it creates opportunity for those people residing in the poor country, and will have the opportunity to grow their economy.

[huige007]

Your opinion about developed countries that only take resources from poor countries without really advancing poor countries is the practice of capitalism.

Nope, capitalism is only about private ownership -> seeking profit.
You might be confused with mercantilism -> colonialism/imperialism.

how does capitalism rule the world:
...

There are many social and political problems mashed up together in the term "capitalism."


Source + read more: https://fee.org/articles/if-scandinavia-is-socialist-then-so-is-the-us/

So, the opposite side of Laissez-Faire Capitalism is Pure Communism, where the government controls everything. For me, I'd choose capitalism any day.

However, if you are talking about corrupt governments, in which NOT Laissez-Faire, then you have a point.

If you ask my sincere opinion, all these articles and stats are just to blind us. Everywhere in the world, governments are controlling the common people of their respective countries. They control our economy, they control everything. Then these governments are also  believed to be controlled by some higher authorities. In order to get yourself out, you need to take control over your assets and that is possible with bitcoin.

[panganib999]

How much, in your opinion, has international relations influenced the world economy and what do you think about it?

No man is an island, so as countries. No country is an island and each and evry country are interconnected and affects each other directly or otherwise, It alliws countries to cooperate with one another concerning relations across boundaries of nation states. International relations are the way to face global economic issues together such as terrorism, environmental concerns, and othe contemporary global issues. IR is really important in maintaining the interconnectedness of countriea regardless of the distance and language and culture boundaries.

[mindrust]

Your opinion about developed countries that only take resources from poor countries without really advancing poor countries is the practice of capitalism.

Nope, capitalism is only about private ownership -> seeking profit.
You might be confused with mercantilism -> colonialism/imperialism.

how does capitalism rule the world:
...

There are many social and political problems mashed up together in the term "capitalism."


Source + read more: https://fee.org/articles/if-scandinavia-is-socialist-then-so-is-the-us/

So, the opposite side of Laissez-Faire Capitalism is Pure Communism, where the government controls everything. For me, I'd choose capitalism any day.

However, if you are talking about corrupt governments, in which NOT Laissez-Faire, then you have a point.

I am not the expert on this but I think NK isn't communism or anything near of it.

The dictionary says

Communism: a theory or system of social organization in which all property is owned by the community and each person contributes and receives according to their ability and needs.

It is funny how most Americans confuse communism for fascism which is entirely different. NK is a dictatorship. Communism isn't a dictatorship. It can be, but not always.

[mu_enrico]

If you ask my sincere opinion, all these articles and stats are just to blind us..

Nope, you need to read in order to learn. You can grab your "maximalism" back to Bitcoin Discussion. This discussion is an economics discussion.

And I made a correction about capitalism, not related to corrupt governments.

In order to get yourself out, you need to take control over your assets and that is possible with bitcoin.

LOL

I am not the expert on this but I think NK isn't communism or anything near of it.

No country adopts pure communism or pure capitalism. The closest example of a communist country was USSR, and now North Korea.

Communism: a theory or system of social organization in which all property is owned by the community and each person contributes and receives according to their ability and needs.

Exactly! It's about who owns the property.

In the previous discussion about capitalism, properties can be owned by private parties; in other words, anyone.

In North Korea (communism), the government (which is a form of community) owns the property and allocates it to the person according to ranks. For example, a high-rank officer receives a bigger house, more clothes, etc.

It is funny how most Americans confuse communism for fascism which is entirely different. NK is a dictatorship. Communism isn't a dictatorship. It can be, but not always.

It's indeed difficult to say that country X uses the Y system since it usually mixed and also depends on what party wins the election (if any).

Honestly, I don't like Politics (and International Study) since you can find this real-world example:
- Country: Democratic People's Republic of Korea << democratic or republic? or none the above
- Economic system: Centrally planned
- Political ideology: Closer to communism than to socialism << debatable
- Government type: Authoritarian
Compiled from: https://en.wikipedia.org/wiki/North_Korea according to my opinion

Hence, economics scholars usually talk about capitalism-communism in terms of ownership and means of production, i.e., Laissez-Faire Capitalism and Command Communism.
And pretty much correctly depicted by the image above.

Not about corrupt governments and whatever else.

[ufaiz50]

How much, in your opinion, has international relations influenced the world economy and what do you think about it?

In economic terms international relations is very influential, even this is for trade or investment negotiations. this will have a positive effect on both countries in the area of economic growth, of course. a few months ago we were presented with trade war performances by the US and China, some exports and imports from both parties experienced disruptions and automatically affected the economies of countries that have cooperative relations in the two countries.

[Visbay]

In order to grow your nation's economy strong and prosperous, diplomacy is a very important part .. we cannot live in isolation alone which will delay the development of the classic economy. It is either North Korea or Cuba after many years of US embargo .... Each country has its own strengths and geography so we have to support each other to develop, the agricultural country will export food and the import of industrial goods and industrial countries is the opposite, even in the world of cryptocurrencies

This is surely important for countries to use export and import system between them it will give every country a chance to grow and get good earning every earn for making the economical state even more stable. Apart from this we also can take part in the ecological and economic development of our state by using crypto investment as it provides jobs to unemployed people and has so many ways to earn money for our new generations so our economy will grow with this faster and faster.

[Ryker1]

Well, all countries have an impact on each other especially like trading, importing and exporting. As you can see those countries that have a good relationship have a good economy as well. Like China and the US. Iphones are made in China but its parts are from the US. They do it because they will only pay less amount of money in Chinese workers rather than paying a big amount in American workers. But both countries can benefit from it. Indeed, there's no country that has no connection, anyone has interconnected and helping each other.

[wxa7115]

I don't understand why the United States Dollar is still being used as a trade currency around the world. Although I don't expect Bitcoin to become the global currency for trade anytime soon, the addition for USD is illogical. The American federal debt has increased to all time high (~20 trillion USD) and it has almost surpassed the GDP of the United States. The economy is only surviving due to the relative strength of the USD.

The status of the USD as the reserve currency of the world enables the American government to take out more and more debt. They will lose this advantage once the US Dollar loses its status as the reserve and trade currency. But the problem is that there is no other alternative out there. The other currencies such as GBP, EUR and CNY are even worse than the USD.

You answered your doubts on the first paragraph with your second paragraph, the US dollar is still the reserve currency of the world because it is still used to buy oil, and the only other economy that is big enough to allow for its currency to be used by the world is China and we know they are known to be currency manipulators, the EU is in an even worse shape than the US and we do not know if the experiment will last for another 20 years, so there is not a currency that can replace the dollar.

In my opinion if we begin to see problems in the economy there are only going to be two options, governments back their currencies with gold to bring stability to the system or they decide to create a world currency.