i was right people have no more money

[spy100]

i was right people have no more money   ...let's hope it get better...wish i wasn't right on this one

Check link
https://www.youtube.com/watch?v=sc1yikYbc_0
https://www.youtube.com/watch?v=YhKq0kNcP3o

[Poker Player]

i was right people have no more money   ...let's hope it get better...wish i wasn't right on this one

Check link
https://www.youtube.com/watch?v=sc1yikYbc_0
https://www.youtube.com/watch?v=YhKq0kNcP3o

What you just wrote is known as confirmation bias. The videos talk about the increase in prices, which is relatively recent, and that makes people have less disposable income, but from there to saying that people have run out of liquidity, there is quite a long way to go.

What is happening now is that people are holding back consumption and a spiral is forming. Higher prices, people are consuming less, banks are lending less, anticipating the rise in rates and taking into account the fall in the value of assets, etc. If you think people don't have money now, I don't know what you will say in 6 months.

[cabron]

Not exactly like they have no more money, prices of stuff today are just rising up and people are scratching out some list of things to buy. You are sort of right though.

Inflation makes the prices go up and people have less money to buy their needs because the paycheck stays the same even when we are now in two years of the pandemic. If only my government is like the US that gives out money to us, it would just be fine and we can spend more than $1000/month on toilet paper.

[Rruchi man]

What you just wrote is known as confirmation bias. The videos talk about the increase in prices, which is relatively recent, and that makes people have less disposable income, but from there to saying that people have r
run out of liquidity, there is quite a long way to go.

In my locale, they say just as OP has said that there is no money, but people are still building Houses, buying assets, buying cars and there's no money, if you visit club houses, people are in still in attendance in their large numbers spending money quickly in the name of clubbing. If people no Longer have money as OP claims, how are all these activities still possible? If it's the case of inflation prompting this topic, i need to highlight that we should all also remember that inflation favours some people, to those people, there is no shortage of money.

[michellee]

What you just wrote is known as confirmation bias. The videos talk about the increase in prices, which is relatively recent, and that makes people have less disposable income, but from there to saying that people have r
run out of liquidity, there is quite a long way to go.

In my locale, they say just as OP has said that there is no money, but people are still building Houses, buying assets, buying cars and there's no money, if you visit club houses, people are in still in attendance in their large numbers spending money quickly in the name of clubbing. If people no Longer have money as OP claims, how are all these activities still possible? If it's the case of inflation prompting this topic, i need to highlight that we should all also remember that inflation favours some people, to those people, there is no shortage of money.

Those people who said they do not have money can borrow money from the banks to build houses, buy assets or use them for another purpose. But some people who say do not have money can say the truth and they do not buy anything except their needs for daily or monthly.

People still work as usual, although some of them work from home but the truth is some of them are still making money although it is difficult from the past few years ago before the Covid-19 attacks. But the inflation will be there and that depends on how they can minimize the risk and not consume unnecessary things that they really do not need. If they can do that, they will have more money to survive and will not have a problem of no money because they already prepared themselves.

[Questat]

i was right people have no more money   ...let's hope it get better...wish i wasn't right on this one

Check link
https://www.youtube.com/watch?v=sc1yikYbc_0
https://www.youtube.com/watch?v=YhKq0kNcP3o

people still have the money and can still provide for themselves. They will find a way to survive or else, they will die hungry. But I'd never think this gonna happen as even the crisis will continue, price inflation, people will accept it and work normally.
To face this sad reality is the only way to survive, nothing else. It is a need for us to maximize our time and use our knowledge as a tool to generate income. if we can do this, it certainly have nothing to worry about.

[CryptopreneurBrainboss]

If people no Longer have money as OP claims, how are all these activities still possible?

Observe carefully, there's a reduction in this activities you speak about people still doing, it's just a minority of the population still engaging in this activities while the majority is just struggling to survive. Don't also forget life is a continuous process, people will always live irrespective of how the economy situation is but how to identify if things are going great or bad is the number of people involved.

Humans unconsciously spends when there's surplus and that's very evident in every society, this is one flaw humanity has so when you don't see that in their numbers just know things aren't going great in that economy. Those doing this things you speak about are the individual that gets their money illegally or have surplus and don't mind wasting them because they know more are on the way coming. Also there are those that saved during the raining days but they won't waste their funds in such manners clubbing but gathering assets, yes.

[Gozie51]

i need to highlight that we should all also remember that inflation favours some people, to those people, there is no shortage of money.

Yes no matter how you want to look at it , if the world is still existing everyone won't get poor and rich at the same time. Inflation will favour certain people and get some poorer because they can not be able to meet up with spending or lavish spending. Those that are involved in cryptocurrency and businesses that interact with currency won't feel the negative impact of inflation because they also benefit from it as they do the business. Also government policies do favour some people while others suffer from it but life goes on, a patient person will wait for their turn. So it varies , the people that inflation favour are those spending lavishly and they are few compared to the large majority suffering.

[Reid]

Can't we just say that people are saving because of the unknown future.
Who will not? There is a virus out there and anything will be possible if ever you got one. From being hospitalized for months or worse dying. Being careful with investing/spending money so that it will not end up to waste.
I have seen colleagues and friends who adopted to the lifestyle now. They are at home working but never said they have no money left in their savings.

[Strongkored]

High inflation makes prices go up, making people prefer to use the money for important things so that it looks like they don't have money but actually they still just prefer to reduce spending and maybe many people are waiting for what will happen in the future because the pandemic is affecting their finances so much.

[Uang_kartal]

  Run out of food, a long crisis, possible limited income, work done by machines, this may hit some countries and is quite painful for human resources
  The media broadcasts about this difficulty. Maybe in a village like me, maybe it can be used from the earth and agriculture for personal consumption and local residents and can boost our economy even if it's just bartering for other needs, hopefully this crisis can be recovered and specifically resolved dense society in this limited city and developed country.

how in your area to tackle this together?

[TelolettOm]

a lack doesn't mean have no money. some people may have very difficult life, not because of inflation or others, but because they are too poor, really have no money, only very litle money to buy some meals to survive for life.
but in this case, not what this kind of condition that we are disucssing here.
i do believe that economic situation is like usual, there is up and down. but doesn't mean that people have no money. the money is still tjere, but probably not prefered for such kind of investment and other necessities.
Regarding to the market, it is still not stable, some people may also think twice to enter the market, or they are still conisdering what will actually happen.

[Marvell1]

It would be wrong to say that people no longer have money.

Why is it that there is a large amount of money in stock but it is not in the hands of everyone but in the hands of some rich people?

You know, the earth has been paralyzed since the coronavirus attacked.  Many become unemployed.  In such a situation, inflation is rising day by day.
As a result, almost half of the people are going bankrupt. The prices of essential commodities are on the rise which is undoubtedly causing misery to the common man as he has no source of income.

But not everyone is in the same situation. I've visited many countries where marginal farmers only produce crops but there have the hands of middlemen from the time they reach the market to the time of sale and as a result, the farmer cannot make a profit. 
Everything goes into the hands of these middlemen. I also want to talk about industrial workers.

In the case of the garment industry, those who are making garments do not make any real profit from it and live under the poverty line. The owner of their company makes a profit. But in fact, those who are really working hard, in spite of working, their life has become difficult.  They do not have enough money to support themselves. On the other hand, there is no problem in the life of those who are benefiting by using these jobs.

[bittraffic]

What do you think will happen now that you have found out that people have no more money?

It's been two years already since the covid pandemic, people got used to eating less and saving. if they still struggle to find job because they are picking the supervisor position, too bad for them. The only people who'll have no money still are the people who chose not to work. They have money but chooses not to spend because the future is uncertain. Underemployed is better than unemployed

[merchantofzeny]

Most people still have money. What we can say is that they're just spending less because of the rising prices. If the inflation keeps getting higher though we might as well just say there is no money left though. It's basically eating away at people's savings.

[mirakal]

Money is just circulating, while some people struggle with earning money, some are making decent money. So it's not really a problem, the market will still grow and it will continue to exist with a decent amount of money coming in and out.

We are not in a business with the purpose of making it profitable, in the crypto space, it's about people who love to play a risky game, and that is what we called trading where some will succeed, while the others will fail.

This high inflation will have a positive effect on crypto, especially in the long run as people will use crypto to hedge their money from this problem.

[palle11]

Most people still have money. What we can say is that they're just spending less because of the rising prices. If the inflation keeps getting higher though we might as well just say there is no money left though. It's basically eating away at people's savings.

Thinking on this, it is inflation that is reducing people's money. It is reducing the value of money on the cost of what commodity or product that can be purchased. When purchasing power is reduced then looking like there is no money. Cost of living is high and power of earnings is reducing. Money is still flowing in the system but it is purchasing very few commodity that is the issue.

[mia_houston]

 Run out of food, a long crisis, possible limited income, work done by machines, this may hit some countries and is quite painful for human resources
  The media broadcasts about this difficulty. Maybe in a village like me, maybe it can be used from the earth and agriculture for personal consumption and local residents and can boost our economy even if it's just bartering for other needs, hopefully this crisis can be recovered and specifically resolved dense society in this limited city and developed country.

how in your area to tackle this together?

Rampant inflation, a pandemic that is still attacking, limited jobs and higher prices for necessities, have made it difficult for people to live life today, perhaps the situation is quite different between rural and urban areas, I have visited several places, and indeed It can be seen that the living conditions in the village are still relatively stable compared to those who live in the city, I see that the economy in the village is actually not too affected by the existing inflation because some of them take their daily needs from agriculture that they do themselves, while the people who live in urban areas are a consumptive group who rely on money to meet their needs, and if the less income they generate, it will certainly have an impact on the lifestyle they live in today's conditions.

[Fortify]

i was right people have no more money   ...let's hope it get better...wish i wasn't right on this one

Covid certainly turned the world upside down, it'll take a few years for supply chains and people to normalize again but have no fear. The history of the world of business is boom and bust, like the sun rising and setting each day - just on longer cycles. You just need to have faith that people are always striving for a better life and are surprisingly resilient at persevering. It might be a tough year or two, a recession may even hit as people struggle to afford what they used to have, but it's just a way of re-balancing. People often forget about the easy years, where they could borrow money very cheaply and there was plenty - but it takes a few rough years to be grateful again.

[stepwilli]

What do you think will happen now that you have found out that people have no more money?

It's been two years already since the covid pandemic, people got used to eating less and saving. if they still struggle to find job because they are picking the supervisor position, too bad for them. The only people who'll have no money still are the people who chose not to work. They have money but chooses not to spend because the future is uncertain. Underemployed is better than unemployed

I guess they will die in hunger because they do not have the money anymore to buy their food to live. I did not thought that covid is now 2 years? Wow, time flies so fast but we are thankful that we are still here surviving. That's the best thing that they can do now that the prices of the items are skyrocketing.

I remember the time that we are advised to plant our own crops so that we can get something to eat. People should start doing it and stop being lazy. They shouldn't be picky either when it comes to finding a job because its hard to get one now. Limiting ourselves is helpful but not all times I guess? Because, the future is uncertain and we never know what if its our last day today?