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Author Topic: Do you believe history repeat itself? Economic wise.  (Read 779 times)
SaiyanSS3 (OP)
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April 09, 2021, 03:55:31 PM
 #1

High inflation driving everybody insane. The guy who is running out of money to keep up with the expenditure are pushing themselve to gambling their cash on everything possible, stock market, crypto, commodity. The cycle can be seen in years of the past. It’s not a untold story.
Food price is surely soaring. Some items in the online store soaring in price too, can’t you ignore it wouldn’t impact your daily routine, the inflation drag everybody down into the rabbit hole, no one can escape this chaos.
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April 09, 2021, 04:51:28 PM
Merited by paxmao (1)
 #2

I don't know what country you're in, OP, but where I'm at (the US) inflation hasn't started soaring....yet.  I'm anticipating it's going to start taking off, but I just don't know when.  We've got all of this stimulus money being put in every citizen's hands, and simple supply and demand would dictate that we should be seeing prices rising more than they are. 

And yes, I do think economic history does indeed repeat itself, especially in the stock market (which seems to have a very short memory).  Bubbles will continue to happen, depressions will continue--you name it, it'll come in cycles.  I do hope the US and some other countries have a plan to contain inflation and monetary devaluation due to all the money printing.  We know what the government is doing, but somehow we're never privy to their strategy for the future.  That's what concerns me.

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April 09, 2021, 05:02:56 PM
 #3

no one can escape this chaos.
I think you are wrong by saying no one can escape fiat based inflation. If you know the power in bitcoin holding, you will not say that. Also are some commodities like gold and silver. The price of these commodities and some strong cryptocurrencies can decrease, but over long term period, the price will increase. They are just one of the potential ways to avoid fiat inflation because there is one thing about fiat is that it can also increase and decrease, but over long term period, fiat always would have inflated through government manipulations and depreciate. Also, experienced traders are able to manipulate their ways in a way not to lose nor subjected to fiat inflation and depreciation.

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April 09, 2021, 05:12:33 PM
 #4

High inflation driving everybody insane. The guy who is running out of money to keep up with the expenditure are pushing themselve to gambling their cash on everything possible, stock market, crypto, commodity. The cycle can be seen in years of the past. It’s not a untold story.
Food price is surely soaring. Some items in the online store soaring in price too, can’t you ignore it wouldn’t impact your daily routine, the inflation drag everybody down into the rabbit hole, no one can escape this chaos.

I guess by gambling you mean they're riskying too much of their money in stock market, crypto, commodity, etc? 

Well, I think you could stop history from repeating itself by getting people to spend/invest wisely and be more productive. I would invest more in businesses led by talented, trustworthy people who are consistently profitable. They have to be good/safe businesses.
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April 09, 2021, 05:41:59 PM
Merited by paxmao (1)
 #5

From where I'm at (PH), the situation is extremely bad to the point wherein the government needs to put the cities in strict community quarantines every so often, leaving people with no choice but to stay at home until further notice. The government aid too is also extremely bad, despite the government receiving hundreds of millions of dollars worth in donation, not to mention the loans that the government also took from banks. The economy is bad, prices of necessities are through the roof, and all they can think of as a solution is to put people into quarantines and not think of something that could give some air to the dying economy that we have.

Which reminds me of almost the same economic state that we've had 30 years ago. Sans the pandemic, the administration then was also so bad in handling things that the economy turned from worse to worst. From being one of the most promising countries in the Southeast Asia, we have descended into a bottomless pit of poverty, deception, and fraud from the people who are supposed to make things easy for everyone. Most of the mistakes of that administration is blatantly and obnoxiously being repeated today, causing a domino effect on the economy of the nation and also the well-being of the citizens.

For every bad beat in the economy, politics will always have a role to play. I'm not even surprised anymore that we're experiencing this again.
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April 09, 2021, 05:46:08 PM
 #6

I don't know what country you're in, OP, but where I'm at (the US) inflation hasn't started soaring....yet.  I'm anticipating it's going to start taking off, but I just don't know when.  We've got all of this stimulus money being put in every citizen's hands, and simple supply and demand would dictate that we should be seeing prices rising more than they are. 

And yes, I do think economic history does indeed repeat itself, especially in the stock market (which seems to have a very short memory).  Bubbles will continue to happen, depressions will continue--you name it, it'll come in cycles.  I do hope the US and some other countries have a plan to contain inflation and monetary devaluation due to all the money printing.  We know what the government is doing, but somehow we're never privy to their strategy for the future.  That's what concerns me.
Inflation beyond 2% can be felt in the economy, however,US had put lots of measure in place to suppress the inflation rate below 1%. although the price of electricity, gas, house rent seemed to rise a little but other basic needs from food to prescription drugs etc were subsidized to suppress below 0.5% inflation in the last 3 months. European countries were able to suppress inflation on the average below 1% in the first 2 months of 2021  

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SaiyanSS3 (OP)
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April 09, 2021, 06:09:38 PM
 #7

>>https://bitcointalk.org/index.php?topic=5329525.msg56746261#msg56746261
>inflation hasn't started soaring....yet.  I'm anticipating it's going to start taking off, but I just don't know when. 
Inflation is just one of the properties. The history is an event that’s too much to contained itself  into just text writing, we can try to describe it, but I would not possible to replicate fully event with just simple book writing. The very obvious pattern would be getting to know some random guy going crazy over the investing, taking out crazy amount of loan, when the gambling going soar, the gambler couldn’t pay debt and are getting defaulted, the bank which giving loan have to fix this hole in their balance sheet, they would add this bad debt into inflation, by default. The govt. controlled bank has a lot of power to manipulate inflation, they can change inflation with ease at their finger tip. About the history repeat itself, yup it would the gamblers, bank crisis, and inflation clown shows again make history repeat itself, we shall see it coming in the future.

>>https://bitcointalk.org/index.php?topic=5329525.msg56746372#msg56746372
>no one can escape fiat based inflation.
there is one person who can escape  from inflation, it would be the guy who are at the top and have power to control over inflation, highly doubt anybody else can escape the history from repeating itself.

>but over long term period, the price will increase.
In the long term, the history repeat itself by introducing more inflation, this would again push everybody into fighting over inflation, it would be a zero sum cat and mouse games.

>>https://bitcointalk.org/index.php?topic=5329525.msg56746443#msg56746443
>you mean they're riskying too much of their money in stock market
Leveraged investment or gambling, which is very common practices, is the leveraged loan always the main culprit of history repeat itself? It’s a tough question, many expert are trying to argue market can be irrational until you stay solvent, it entail you would get insolvent first, the broad market wouldn’t care and keep on being irrational. That’s right they would get into more and more loan and leverage even more than the rules setup on the paper, you would get off guard getting insolvent first, when this occurred you might be at the loss while the gamblers with a lot of bad loan could come scoot free.
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April 09, 2021, 06:14:14 PM
 #8

You may say it like that but not all the time that the history did repeat. Where i'm from politicians are the reason why many people have to stay home and some businesses are forced to shutdown at the moment and even the food's price starting to increased due to less people are buying. Even the government tried to help but still the money they received from donations aren't enough to provide a current problem due to some people are still unemployed during at this time.

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April 09, 2021, 06:17:37 PM
 #9

For every bad beat in the economy, politics will always have a role to play. I'm not even surprised anymore that we're experiencing this again.

I am also from the Philippines and we really cannot blame the people on why most of them go out despite the rising cases of people getting infected with the virus. The system of the government failed miserably as they cannot provide families of the means to survive this pandemic. With that in mind, these people do not have the choice but to work. If they do not work, then they won't be able to provide any food for their family.

This pandemic has definitely challenged and proved on how the government of each country operates. You would definitely see the corruption happening blatantly.
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April 09, 2021, 06:43:37 PM
 #10

>>https://bitcointalk.org/index.php?topic=5329525.msg56746642#msg56746642
>The economy is bad, prices of necessities are through the roof, and all they can think of as a solution is to put people into quarantines
Getting mass quarantine is something unprecedented to anybody, although prices of goods going north, is widely expected.
>the same economic state that we've had 30 years ago.
30 years history is indeed ambitious, the impact would likely be very steep, I wouldn’t imagine anything beyond 5 years.
>Most of the mistakes of that administration is blatantly and obnoxiously being repeated today
This is some of the bad actors that we couldn’t do anything about them, they’re the above the laws and they wouldn’t stop.

>>https://bitcointalk.org/index.php?topic=5329525.msg56746812#msg56746812
>but not all the time that the history did repeat.
There isn’t any evident show that a history existed and getting repeated, they’re mostly wild imagination, however everybody would feel the impact eventually, that’s where we begin to look for the answer.
>the food's price starting to increased due to less people are buying.
Is the price would go north and never going south again? Is there an evident suggest the price might adjust lower in short term wise?

>>https://bitcointalk.org/index.php?topic=5329525.msg56746669#msg56746669
>suppress the inflation rate below 1%. although the price of electricity, gas, house rent seemed to rise a little.
The little inflation might be sending hordes of gamblers goes out of their mind and rambling the entire economy with irrationality.
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April 09, 2021, 06:58:34 PM
 #11

I don't know what country you're in, OP, but where I'm at (the US) inflation hasn't started soaring....yet.  I'm anticipating it's going to start taking off, but I just don't know when.  We've got all of this stimulus money being put in every citizen's hands, and simple supply and demand would dictate that we should be seeing prices rising more than they are. 

And yes, I do think economic history does indeed repeat itself, especially in the stock market (which seems to have a very short memory).  Bubbles will continue to happen, depressions will continue--you name it, it'll come in cycles.  I do hope the US and some other countries have a plan to contain inflation and monetary devaluation due to all the money printing.  We know what the government is doing, but somehow we're never privy to their strategy for the future.  That's what concerns me.
People call it history repeats itself but I would like to keep this thing in a different way I think human emotions and actions towards the market and money remain the same and repeats themselves. Every cyclical movement that you see in the market is merely because of human psychology and trading psychology about in what way to react when the prices are going up and in what way to react when the price is moving down. Even after the market matures and people become slightly more knowledgeable there will always be a certain set of new entrants who ready to give up everything to the market due to their immaturity. I feel everything from Economic & Fiscal stimulus to Trading actions are based on this assumption that humans always react in a certain way after seeing the economic/ technical indicators around.
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April 09, 2021, 07:50:04 PM
 #12

High inflation driving everybody insane. The guy who is running out of money to keep up with the expenditure are pushing themselve to gambling their cash on everything possible, stock market, crypto, commodity. The cycle can be seen in years of the past. It’s not a untold story.
Food price is surely soaring. Some items in the online store soaring in price too, can’t you ignore it wouldn’t impact your daily routine, the inflation drag everybody down into the rabbit hole, no one can escape this chaos.
Increase in inflation depends to the economy of the country you reside. If your country has a good governance, it will slow down the inflation but it cannot flee from it but the good part is that through slowing it down, you barely feel that there's inflation.

Everybody knows about those countries that has hyper inflation which means that they don't have a good economy but people are still striving to beat it before the inflation overtakes what they've got. That's why people who lack knowledge about inflation won't prepare themselves to beat it.

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April 09, 2021, 08:39:17 PM
 #13

The bubble pop will happen very soon, it's just a matter of time until it does. Just take all negative economical news from 2020 on and you'll find out the repercussions could be so rough those insane preppers may actually not be as crazy as they sound. We will have to pay for all the economical choices our govs have made in the past year and it's a huge price tag.

History does repeat itself, especially economics. We're on the brink of a really bad collapse, whether we like it or not. And the "Great Reset" they want to bring up will not be as fun as it sounds. Nobody will remove debts for free.
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April 09, 2021, 09:36:01 PM
Merited by paxmao (1)
 #14

The best strategy right now is to develop your own business and invest, though it may be challenging at times like this. Today's situation is the perfect reflection of business cycles. Nothing good can go on forever, but it also works the other way around, so don't panic.
Major breakthroughs, like modern technologies, including crypto bring us prosperity. But at some point, something bad happens, e.g. a catastrophe, endemic, etc. This leads to inflation and all that you've described above.



Soon, I believe, we'll enter the depression stage, which some might see as something bad, but I, on the other hand, view it as a perfect opportunity, because the depression is characterized by stocks devaluation and decline in costs of doing business.
Yes, it's tough right now, but it will bring fruits in the future.
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April 09, 2021, 10:31:23 PM
 #15

High inflation driving everybody insane. The guy who is running out of money to keep up with the expenditure are pushing themselve to gambling their cash on everything possible, stock market, crypto, commodity. The cycle can be seen in years of the past. It’s not a untold story.
Food price is surely soaring. Some items in the online store soaring in price too, can’t you ignore it wouldn’t impact your daily routine, the inflation drag everybody down into the rabbit hole, no one can escape this chaos.
Inflation isnt something that you should be shocked on because this had been a typical thing or whats currently happening and it may differ on every country because not all would
really be having the similar situation that do happens because politics is one of the major factor that could really make out these situations even more worst.Here on my country
where prices of essentials are soaring up like hell even if were are on a pandemic situation this event do really make even more worst.People doesnt have work
or have less income and this do happens for this timing or situation? It makes even put up on a hard situation.

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April 09, 2021, 11:21:14 PM
 #16

High inflation driving everybody insane. The guy who is running out of money to keep up with the expenditure are pushing themselve to gambling their cash on everything possible, stock market, crypto, commodity. The cycle can be seen in years of the past. It’s not a untold story.
Food price is surely soaring. Some items in the online store soaring in price too, can’t you ignore it wouldn’t impact your daily routine, the inflation drag everybody down into the rabbit hole, no one can escape this chaos.
Inflation isnt something that you should be shocked on because this had been a typical thing or whats currently happening and it may differ on every country because not all would
really be having the similar situation that do happens because politics is one of the major factor that could really make out these situations even more worst.Here on my country
where prices of essentials are soaring up like hell even if were are on a pandemic situation this event do really make even more worst.People doesnt have work
or have less income and this do happens for this timing or situation? It makes even put up on a hard situation.

We are in a global crisis. I think increasing prices of essential goods are observed across the globe. So this problem is not only happening to 1 or 2 countries, but across the globe. And inflation will always be here, we can't avoid this from happening. What you can do is how to tackle this on your own, as you live each day to survive. Why not lessen your daily expenses by growing your own garden, or selling items that you don't need anymore. Live a modest life. Don't buy unnecessary things. Don't depend on others. Look for alternative sources of income. This is not the end of the world.
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April 10, 2021, 03:47:07 AM
 #17

Price rise and devaluation of our wages as well as savings has been on an uptick ever since the pandemic. Even before the pandemic this was in full swing but with trillions of dollars out in the wild, the specter of private investment firms and mercenary hedge funds gaining billions in managed funds has come back. This could easily lead to one of those spectacular crashes similar to 2008.

The last time it was sub-prime lending. Will it be over-exposure to over-valued stocks of Pharma companies this time??



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April 10, 2021, 04:08:18 AM
Merited by paxmao (1)
 #18

I live as an OP in a country where I believe that inflation is the highest in the world, when countries start with high inflation rates, economic phenomena occur, governments begin to make parks to protect themselves from capital flight, just as it begins with regulations with international business and is currently protected by Crypto and Bitcoin regulations.

People begin to protect themselves with investments in gold, real estate (those who can and have the capacity) buy strong FIAT money, such as dollars, euros, if they have physical gold much better, but from the experience that I have because I have lived, it is that It has a lot to do with the politics and ideology of the rulers, if the government changes its economic model it can give good results avoiding loans to countries or the Central Bank, in conclusion the particular way out it has and if you can is, invest in Crypto, in Bitcoin because when devaluations of the local currency occur, the value of Bitcoin increases in local currency because Bitcoin is deflationary in nature, if you can buy gold and make investments in Real Estate better ... .. if you have time to make those movements you will not doubt, ah and above all, if you can take advantage of all the bank credit in local currency, it does not matter that you get into debt with local currency, you can pay quickly due to the same inflation, this is to get you profit from the crisis generated.

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SaiyanSS3 (OP)
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April 10, 2021, 04:29:10 AM
 #19

>>https://bitcointalk.org/index.php?topic=5329525.msg56747099#msg56747099
>human emotions and actions towards the market and money remain the same and repeats themselves.
That portray the government effort to encourage changing lifestyle has failed royally.

>people become slightly more knowledgeable there will always be a certain set of new entrants
do you entail everybody living in a constant life, there would be no life changing moment and those dreamer should give up to change?

>>https://bitcointalk.org/index.php?topic=5329525.msg56747439#msg56747439
>good governance, it will slow down the inflation but it cannot flee from it but the good part is that through slowing it
the slow down also coupled by everybody slowing down their work pace, food production come to a halt, consumers begin to wary of spending this slow down, manufacturing slow down, every single economic indicator getting slow down. But would you slow down your life?

>>https://bitcointalk.org/index.php?topic=5329525.msg56747657#msg56747657
>And the "Great Reset" they want to bring up will not be as fun as it sounds. Nobody will remove debts for free.
bank don’t really goes broke, they would goes on operating on the shadow until they’re solvent again, they didn’t have to remove any debt.

>>https://bitcointalk.org/index.php?topic=5329525.msg56747919#msg56747919
>so don't panic.
Don’t panic? That’s cringeworthy.

>decline in costs of doing business.
That’s bs. Inflation impact cost too.

>>https://bitcointalk.org/index.php?topic=5329525.msg56748133#msg56748133
>where prices of essentials are soaring up like hell even if were are on a pandemic situation this event do really make even more worst.People doesnt have work
why not gambling to make a living?

>>https://bitcointalk.org/index.php?topic=5329525.msg56748314#msg56748314
>Why not lessen your daily expenses by growing your own garden, or selling items that you don't need anymore. Live a modest life. Don't buy unnecessary things. Don't depend on others. Look for alternative sources of income. This is not the end of the world.
it is some wishful outcome, in the other words, to change your life style, it has to be failed.

>>https://bitcointalk.org/index.php?topic=5329525.msg56749432#msg56749432
>the specter of private investment firms and mercenary hedge funds gaining billions in managed funds has come back. This could easily lead to one of those spectacular crashes similar to 2008.
“It’s different this time! The rigged winner and loser would swap their position!”
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April 10, 2021, 04:43:34 AM
 #20

I don't know what country you're in, OP, but where I'm at (the US) inflation hasn't started soaring....yet.  I'm anticipating it's going to start taking off, but I just don't know when.  We've got all of this stimulus money being put in every citizen's hands, and simple supply and demand would dictate that we should be seeing prices rising more than they are. 

And yes, I do think economic history does indeed repeat itself, especially in the stock market (which seems to have a very short memory).  Bubbles will continue to happen, depressions will continue--you name it, it'll come in cycles.  I do hope the US and some other countries have a plan to contain inflation and monetary devaluation due to all the money printing.  We know what the government is doing, but somehow we're never privy to their strategy for the future.  That's what concerns me.

We have nothing to do about it because no one expected this pandemic to hit us.

But before pandemic comes, there are already inflation and depression in some countries and this pandemic made it worse.

We are glad that we met bitcoin before so we can somehow fight inflation amidst this pandemic. But overall, history will surely repeat itself for some country. I'm also thinking about the future if there is still a pandemic that might hit us soon.

If this pandemic occur from nothing to something then there's also a possibility that more pandemic will hit us sooner or later.

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