Do you believe history repeat itself? Economic wise.

[ilovealtcoins]

The recession has been predicted since 2018 when it has been more than 10 years since the 2008 recession. The emergence of the Coronavirus has dragged down the world economy according to the scenario that everyone predicted for the 10th cycle. year. I think economic downturns are pretty predictable and we must be prepared so we don't get hit hard if they happen.

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[Vatimins]

     History can repeat itself, yes, may not be entirely but can still do partly. And the sad thing about this is that even if some moments or some similar scenarios have already repeated themselves quite a lot, most of us still cannot figure out what to do or never learn from experience. Quite sad but that's just how it is every time even with all the clues and hints that are present around us we choose to ignore and follow the crowd instead and end up making the same wrong decisions while also taking the same wrong paths. When this will all change, only time can tell.

[cabron]

     History can repeat itself, yes, may not be entirely but can still do partly. And the sad thing about this is that even if some moments or some similar scenarios have already repeated themselves quite a lot, most of us still cannot figure out what to do or never learn from experience. Quite sad but that's just how it is every time even with all the clues and hints that are present around us we choose to ignore and follow the crowd instead and end up making the same wrong decisions while also taking the same wrong paths. When this will all change, only time can tell.

Economic crisis happens from time to time the government just find ways not to let people go worried about it. It happened back in 1920 and then happen again in the 70s where the fiat was introduced. The USD just becomes USD not backed by gold but only just a promise that it has a value declared by the government. They were hoping they could fix it in the 2008 crisis and now its back hunting them.

Some say that we might just go back to the gold standards this time. Well, the Chinese have more gold this time but will the US allow the Chinese to govern?

[Mpamaegbu]

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.

At some point this will definitely be the reality of the human race. As population grows, there is bound to be food shortage. Shortage will increase scarcity, expectedly. And scarcity will highten demand and this invariably will kick price up. However, those that will be majorly hit are going to be those with fixed earnings. Their salaries/earnings remain stagnant losing its value as prices of goods and services skyrocket out of their reach. Those in business will nothwithstanding sell according to how they bought, except if they foolishly fail to utilize their business training.

...the inflation drag everybody down into the rabbit hole, no one can escape this chaos.

This isn't true. Those with investment acumen, especially those investing in Bitcoin and other cryptos won't be caught in this. A $2,000 invested in Bitcoin today will yield more in the future while the $2,000 not invested will have lost its value. So, it's advisable to put your investment in Bitcoin. It's inflation resistant.

[imstillthebest]

     History can repeat itself, yes, may not be entirely but can still do partly. And the sad thing about this is that even if some moments or some similar scenarios have already repeated themselves quite a lot, most of us still cannot figure out what to do or never learn from experience. Quite sad but that's just how it is every time even with all the clues and hints that are present around us we choose to ignore and follow the crowd instead and end up making the same wrong decisions while also taking the same wrong paths. When this will all change, only time can tell.

if they cant learn from their past mistake they dont wanna change thier lives but they should not have the guts to complain and blame the person that caused their misery in their life .
history will repeat and we need to watch this out as early as possible and do the apropriate actions if only we want difference.

[perfect999]

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.

What I am afraid that people get stuck is that "history WILL repeat itself" is something people think about and that is scary. There is of course a "chance" that history can repeat itself but just because it "may" doesn't mean that it will.

This is why I feel like people should be more careful about what is going to happen. If you think that for example 2017 was high and 2018 was low, so by that logic we had 2020 high and most of 2021 high as well, if it stay low like this will we call 2021 low? I mean for 5 months it was high. So it is not always the same, but obviously what goes up eventually goes down and what goes down eventually goes up, that is not going to change because it is literally the only directions left. So long story short do not consider past as a path, but consider it as a lesson and learn what could happen and not what will happen.