How to stop the world recession that is soon coming.

[fiulpro]

We already know how the economy is crumbling piece by piece . I do think it's up-to us to improve it , do you guys have any suggestions , any ideas ? to actually counter this situation ! ?

I do think everything starts with Education
If the government spends more funds in the education , educating people who are not able to afford a descent education and work towards the welfare of the country rather than investing in foreign trades and other things , just like someone said once *charity begins at home , I think they should look more closely to the situation of the people and tackle poverty by books.

[jackg]

Govenments don't care about poverty, they just pretend to.

The only way to beat problems is through a system of democratic socialism. It's porrible to turn back to something like ww2 rations and say everyone gets a limited amount of food, clothes, healthcare, transport and shelter and they can work themselves up to a higher rate (or not).

Realistically if a government did this then they'd have to limit globalism and globalisation to ensure nothing gets in and out that goes undetected by them and no one can profit from the giveaways of the government.

Such socialism may cause large issues for agriculture and enterprise initially too so a country wouldn't want to be looking to collapse on a global stage.

[Lucius]

If ordinary people had learned something from previous recessions, they might have taken something to prevent them in the future, but they were obviously re-electing bad politicians who are actually servants of the powerful financial institutions that rule the world. When these institutions mess up to a level they cannot get out of, they shift all their burden and debt to the people and reset the system. The only difference between ordinary people and them is that they know when is time to exit, and ordinary people are caught literally sleeping.

Do you know what it feels like to have a house, a good job and live a normal life, and one morning you wake up and you're left with nothing? And do you know that most of the wealthy are even richer after the recession?

The problem is in people who favor bad systems, ruled by bad politicians, who are actually the extended hands of the powerful people from the shadows. If people really had power, then maybe something would change - because no one normal would want something bad to happen to him.

[rdluffy]

I can't talk for entire world because we only see  superficial problems.
Here in my country we have bad education, a huge amount of corrupt politicians and indifferent people tiring of trying to do something. So if world starts a recession we are screwed, very fragile to things that happens in US for example. There are few countries prepared to deal with a recession.
I don't think there's a way to stop the next big recession, we have big companies only surviving with loans at low rates and governments printing money out of air, so it's Impossible to avoid

[Ucy]

You could tackle the situation with real crypto if there isn't going to be resistance and violence.
I prefer living sustainably with nature (mixed with some modernity) in a decentralized manner. People need to reduce their dependance on central system. The current system is built in such a way that if the center is bad, everyone suffers it. Or if the center collapses, everyone collapses. Not a good thing to do when there are better alternatives that can be good for people, animals, environments etc

[Harlot]

Education is not the solution for everything, it might be the biggest problem being faced by a lot of countries but its not the only problem standing in the way of solving the poverty we are having. Let just say if the government was serious and has solved the problem with the education their country is having by making sure that every kid will have access to proper education, yes they will surely graduate but do you think their will be a lot of jobs waiting for them at the end? You see just by solving the education problem of that country will just lead to them having a large unemployment rate in the future after their unemployed graduates will build up. If we are talking about a solution about the macro economy of that country you must think about everything not only education, you must attract foreign investments, build projects through roads and infrastructure, and also encourage businesses to strive this will assure you that all people will have jobs in the future as well as a sustainable economy.

[Febo]

How to stop the world recession that is soon coming.

Recession will not get stopped, but it will get mitigated by printing more money. I am more curious what will happen with next recession around 10 years from now, when there will be so much debt already.

[Captain Corporate]

 There is really not that many ways to actually stop recession, you have to first prevent the causes the recession happens and when it is already on the way you can't stop that one but you can try to prevent the next one. No one recession is literally the exact reason of the previous one usually, so what we can do right now is just let the next one happen since it would actually be almost impossible to stop that, but we can stop the next one so we have to check how we can stop the next one.

 What we can do is make the regulations harder, when you let the regulations go and when you let taxes go, basically let the world run itself instead of government the world goes chaotic, but if you strict them very well and do not allow them to do anything bad, and punish them very very hard when you do that and if you force them some sort of insurance where if they go bankrupt, the insurance has to pay for everything of the customers back and let the bank die (so to prevent 2008 bail out, just let the banks die and save the users) that will actually fix things.
 
 So basically, make the rules harder, force banks and everyone else follow those rules, let the next recession happen, insure the big big huge companies, let them bankrupt if they have to and do not come to their "if we go bankrupt, millions will be affected" type of blackmail and just pay the people who were affected and punish the board and CEO of those companies with jail time and a lot of money, after that you will see that banks and those huge companies will not have that type of power anymore and you wouldn't have to bail them out in order to save the public.

[micallco]

I think this is a very reasonable idea.
I also believe that the best way to be rich during a crisis is to have your own land, your own food (grown on this land), in which case you have your own house and your own food, so if something happens you will already be provided with the necessary . In addition, everyone can do that. And when the country's population provides itself in difficult times, the state can spend the budget on improving our conditions and restoring the country's economy. I think it all starts with ourselves. Are we ready to act ourselves to avoid a crisis?

[btc_angela]

I think the better question is that how many of us here have seen the previous recessions?

I'm under the impression that most of the members here are still in their very young during the last great recessions. So I was amaze by how much they really saw the incoming economic downfall and be prepared by it. Myself lost my jobs during the last recession, took me months to find one. So personally, I try to save as much as I can thru crypto, (mostly bitcoin) because I don't want to be in that situation wherein I have difficulty putting food in the table for my family.

And for the young generations here, if you're into high paying jobs right now, don't be assured that you will be safe. The best thing to do is to learn how to manage your money in the proper way, as the OP says, educate yourself, and invest your money wisely.

Edit: as far as government goes, they don't give a damn about it, they will only react when the country is on the economic turmoil. And what they do? take a loan from World Bank or IMF. Not a bright idea.

That's why we need to take care of ourself and not rely on our government.

[Darker45]

We already know how the economy is crumbling piece by piece . I do think it's up-to us to improve it , do you guys have any suggestions , any ideas ? to actually counter this situation ! ?

I do think everything starts with Education
If the government spends more funds in the education , educating people who are not able to afford a descent education and work towards the welfare of the country rather than investing in foreign trades and other things , just like someone said once *charity begins at home , I think they should look more closely to the situation of the people and tackle poverty by books.

The issue of poverty is rampant as it is multifaceted. But I don't think the issue of poverty is starting only from education. As such, it should not be confronted on that aspect as well. For example, where I can from, there are a lot of students or pupils who are going to school everyday but learning very little out of it. There are various reasons. Not least of which is that they are going to school with empty stomachs. Other reasons would include they don't have the right educational materials, they need to walk several miles to and from school, they cannot study at home due to other household chores or lack of basic conducive environment, and so on.

We can help. In fact, I consider the issue of poverty as an issue of greed. Poverty is a direct result of the decision of those who have not to give to those who do not have. That is what poverty is really all about.

[Strongkored]

Education is useful for making a smart society, but will not be too useful if the government cannot provide jobs or financial support for business development as well as regulations that make it easier to access loans.
The government is actually more concerned with banning something that they think is threatening rather than reviewing the benefits that can be obtained if adopting the technology, that is why economic recession is difficult to avoid and the main solution in my opinion is with the government making regulations that make it easier for people to engage in microeconomics and ease of investment.

[exstasie]

We already know how the economy is crumbling piece by piece . I do think it's up-to us to improve it , do you guys have any suggestions , any ideas ? to actually counter this situation ! ?

The stock market apparently doesn't believe in a recession yet. No crash in sight. Sentiment wise, I think the status quo might keep churning on for another year or more. My bet is both BTC and equities will continue rising into 2021.

When a real recession finally does set in, all you can really do as an individual is hedge. Get out of inflated and speculative markets and into cash, treasuries. Cash is king. That should remain true unless the major fiat currencies begin collapsing. If that happens (very small chance) then we could see value pour into gold or even BTC. Very unlikely though:

The collapse of the dollar remains highly unlikely. Of the preconditions necessary to force a collapse, only the prospect of higher inflation appears reasonable. Foreign exporters such as China and Japan do not want a dollar collapse because the United States is too important a customer. And even if the United States had to renegotiate or default on some debt obligations, there is little evidence that the world would let the dollar collapse and risk possible contagion.

https://www.investopedia.com/articles/forex-currencies/091416/what-would-it-take-us-dollar-collapse.asp

[buwaytress]

Can't say that's wrong. We can't stop world recession, it's this cyclical beast that keeps coming for as long as all our governments are stepping in line with the same financial tune the banks want us to play. But you're right, it all begins with education and awareness, and a willingness to make that change at home in our own backyard.

I'm not looking to change the world, but I think if we all just tried to improve it with the tools we have, that's a good start. In Bitcoin terms, maybe that just means we need to use it normally with the people we know.

[FanatMonet]

We can talk about this problem as much as we like, but as history shows, recessions and economic growth are interconnected.
What you offer is similar to Franklin Deano Roosevelt’s plan, which, during the Great Depression, directed funds to develop infrastructure.
I would say that the plan is this: Affordable medicine + Affordable education (including higher education) + decent minimum wage.

[bitbunnny]

I don't think that anything could be done to stop recession. It's well known fact that recession appears from time to time in some intervals, cycles.
Maybe you can't stop it but you can prepare yourself to diminish the consequences and to take it easier on a personal level. That is why it's always important to have some funds for a rainy days and that you invest while you can and when conditions are good.
Politicians, banks and other authorities are here to try recession acceptable on a global level.

[criza]

For me, the true meaning of economic stability is by the financial status of the people that are part in that society. It is the sole indication of what it means to be having a stable and great economy. The people are what builds the wholeness of a country, if the people are successful it would really affect on what would happen to the country. The government should focus on developing the lives of the people they are leading, so in return, they could be an asset of the country that would help it to developed even more.

[palle11]

Recession might not be stopped but can be helped out and made not to be hard on people.
Recession is about finance and not necessarily about education for just academics but education about finance, about skill acquisition , about being financial independent because most recession affects people who are government employees as most government plans seem to fail at that time. So an independent person has a better chance of surviving and better living.

[seamusdorakos]

We already know how the economy is crumbling piece by piece . I do think it's up-to us to improve it , do you guys have any suggestions , any ideas ? to actually counter this situation ! ?

I do think everything starts with Education
If the government spends more funds in the education , educating people who are not able to afford a descent education and work towards the welfare of the country rather than investing in foreign trades and other things , just like someone said once *charity begins at home , I think they should look more closely to the situation of the people and tackle poverty by books.

Education might help in the long run (by long I mean 20+ years).
But for now its about to spread knowledge around people who already understands the basics of investments.
If 1% of US citizens invest 20$ in growing businesses for instance with recent ipo that would be a $65,4mil boost for those companies - that's good for economic in general.
But moreover if those citizens gain 10$ each from their investments and than spend it elsewhere - that's a $32,7mil boost for other services.
And that's a $98,1mil of good economical growth even tho each person doesn't feel like did something big

[bering]

That's very make sense because education can lead people out from poverty and indirectly it will makes prosperity but invest on education cannot be done for short term because to makes people aware about knowledge it took decades to do so and if the recession getting closer i think a bit late to invest at education and as far i know some of countries will facing recession in the near future so this way isn't effective anymore and the government will more likely to thinking how to avoid inflation