Bad economy is not good for either super rich or very rich

[325btc]

Rich in usa not positioned good position.
As food shortages many people will go and take it from others and to keep law and order the govermemt and super elite should for their own good create system when even the hard times people who could be violant to others dont need to if you lock them up in prison then its even more expensive and need a lot resources.
Areas where is a lot gangs when things get bad its a matter of time when they hit to the so called " neigbhoods safe neighbourhoods"

Also economy dowturn as even many guys from the in the hood are stock market or crypto investors but when things turn bad on the markets they turn back to old ways becouse when you need food then you need food.
T be honest there is no jobs all over the world also

Now we know south france area is nice and rich wealthy live there but how safe it will be if economy situation and food shortages will turn to be more bad ?
The paris and middle of france is right there do the st tropez cannes area people have enough military police to protect them ?
Also in times like this how do you know that your own protector dont rob you ?
Not sure where is safe in those days but you better dont show off your wealth becouse times like this people can turn in grazy

This is no joke but there need to be solution asap fpr those who got no skills and they dont want any skills they are some business people influencers MLM marketers traders and investors if those people well beeing is o n the line then we see economy is about to go down.

And who will fix this ? Right if the super rich telling that we dont care but then how they can be sure in times like this their own bodyguards dont rob them ?
In the 90, many years ago we had the situation when protectors becomes the business owners ....and clearly we see the same patterns here if we add up here the current war situation then this all makes perfect sense yes we can live in dream and safe lifes...only until economy is not supported and central banks provide us with money to keep things on peace level.

Im sure they think about this matter i wouldt want to be in california or philadelphia in usa or anywhere in france where is a lot gangs

Now days your best assets becomes soon not btc not money not even food or skills but soon we will see your life will depend on if you got gun and team well its not all around the world but many places will be like that.

My advice to imf fed and central banks give people stock market support with REPO transactions like they did 2021 year  and let them earn thats the only way to avoid chaos
Let the skilled people work and earn taxes and dont worry about them they are not threat to the others they might complain but they just dont harm others but in usa look how many races look how many ghettos..and dont forget if economy down even dope business down so what is the plan of people in usa who might live next to the hoods to protect themselfes ? As we see if things turn bad nothing helps we only can maintane peace in the world if such things existing wich gives money to some people without working its might not sound fair but lets take it as payment for all our security.

So lets vote bring back the REPO support if the old usd fiat system not good the fed can start using USDC or USDT REPO system mint crypto and provide us the USDT backed by btc.

Yes it might sounds grazy but i rather live in safe world and i dont mind unfair system i prefer safety and relaxing and that happy people around me and safety

So idea i just said its only solution otherwise you better get friends and gun becouse everybody will protect themselfes first

[tyz]

I tell you a surprise, bad economy is also not good for the poor nor for the middle class. Bad economy hits everyone, the only question is how hard. And in relative terms (not in absolute terms), the poor and the middle class always lose more than the rich when economy struggles. Therefore, I can only partially understand your argumentation.

[Moneyprism]

I just read an article that talks about inflation and the current bad economy actually makes the rich richer,,,,, and this has a bad impact on those in the lower and middle economies

[qwertyup23]

I tell you a surprise, bad economy is also not good for the poor nor for the middle class. Bad economy hits everyone, the only question is how hard. And in relative terms (not in absolute terms), the poor and the middle class always lose more than the rich when economy struggles. Therefore, I can only partially understand your argumentation.

Generally, if a country suffers from poor economic conditions, then being rich or being poor is of irrelevant matter as everyone is indeed affected in this issue. Like what has been mentioned, it is a matter of the degree of its impact on the people. Unfortunately, mostly people who are living from the average median household to the poverty line would feel the effects more compared to the rich people.

The difference is that, rich people have the security in case of poor economic conditions. They have assets that can be used as a form of security/collateral in the event of an economic crash. Unlike poor people, what they only have are their monthly wages and a relatively small amount of assets.

[Gozie51]

Bad economy is worse off because the situation will deteriorate the more and the poor people living there will suffer more. However no type economy is good for bad decision or policy aa it will not take people out of poverty line but to bring them into more poverty. The reason for bad economy is bad policy from the government. Poor people have limited resources for themselves and family but if the situation becomes worse then the extended families may be cut off.

[Leviathan.007]

That's very much obvious that a bad economic situation is bad for anyone and doesn't matter if the person is rich or poor or in the middle level, in any situation if the inflation rises in the world, a poor person how already had no money will have extra problems because they already had bad situations and some problem while by increasing the infraction rate the person will have more issues, but for rich people, they will lose the money had have and the value of their money will be deceased so they will have some problems as well.

[tabas]

So idea i just said its only solution otherwise you better get friends and gun becouse everybody will protect themselfes first

I won't do that. Although I know that a lot have been doing that in other countries by having their own firearms. I don't have it on my plan. I've got a friend in the states who have already purchased himself a gun and I understand his reasoning because it's common there.
But in my place, it's not so whether there is a good or bad economy, I wouldn't do that, and I have my other ways of protecting myself and I don't really have to do that although having a bad economy is what I don't desire. If we can choose to survive, well, that's for the better economy.

[Hydrogen]

Many rich and powerful today have fortified underground bunkers to retreat to in the event of an emergency. They can collect their families and travel to these bunkers quickly via their own private helicopters or jets. They have stockpiles of food and creature comforts to wait out some types of crisis.

The biggest fear for the rich and powerful has to be looting by armies like russia's or organized crime. Having amassed considerable wealth could make them a target and placed unwanted attention on their heads. Many wealthy mansions were looted during World War II and other crisis. They are prime targets of rampaging armies and organized criminal factions when order and civilization break down.

I guess the real question is, whether order and civilization would return in the event it was ever lost. How long would it take. What format would post crisis civilization resemble.

The issue with crisis and war is it could easily spiral out of control, to a point where the outcome became entirely unpredictable and uncontrollable. If communists ever take over the world, I would hope for it to be a relatively clean and orderly transition that was humane and clean. Rather than an ugly business where considerable life and destruction of properly occurred. Maybe there is no former option, but I can dream.

[Findingnemo]

If we only talk about the inflation the rich doesn't get affected as much as the middle class people does because their assets are going to give the returns due to the inflation so they can compensate whatever they lose but what about other people? Where they will go to make money to buy things for their survival and at worst case the government will be dismantled and someone will capture it democratic or in dictator way but rich people don't let that happen.

[fiulpro]

Let's talk about the reason for some bad economy as well:

1. When we talk about COVID, the economy crashed which does gave a profitable industry for the people dealing in Pharma and also Medical sector as well.

I think we all remember how people sold masks for not only 5$ but for 10$ as well during the start of the pandemic.

This goes to shows how the reason for the crashing economy can somehow be related to certain industries profiting from it as well.

We are talking about how it might not be good for the poor or the rich but at the same time I do think that it might be profitable for the target industry.

Inflation does not affect the rich millionaires much because they are still involved in the markets deeply essential for everyone which would not shut down ofcourse and people would have to find a way to get through it. Rich would and might loose a bit of their money but it would not affect their overall condition which can very easily be okay after the crash is gone.

[marine4u]

I tell you a surprise, bad economy is also not good for the poor nor for the middle class.

Totally agree with your point.  However, I think in an economy that is depressed and bad because inflation is like a disease, where everyone has to suffer, but that's also the reason why I think the line between rich and poor is increasing day by day.  The more disparity, is also an opportunity for the rich - to become richer.  poor become poorer.  Everything in this period is just a pollution to the wretched

[iv4n]

Bad economy is not good for either super rich or very rich

This title confuses me, although the rest of the writing doesn't make much sense either... I mean what to say after:

Rich in usa not positioned good position.

Although it's not well written, I understood what the OP wants to say, but if they are not well-positioned, then who is? Maybe some poor and thirsty people who have nothing because of the crazy wars that these rich people started?!

The system is simple, it's a game that never stops, but the players change! There is an old proverb in my area "Until one doesn't see dark the other can't see the dawn"! It says it all, while some lose others gain, you either adapt to new circumstances, survive and create even more or you lose and you make space for others! And don't worry, someone else will fill the gap pretty quickly!

Yes it might sounds grazy but i rather live in safe world and i dont mind unfair system

And this sounds contradictory! Security in the unfair system is possible only for those who sell their ass to the ruling party, for those who are ready to close their eyes and not see all the evil just to be good to them! I know that from experience...

[ajochems]

But why you had not mentioned about the middle class and poor people in the list.The economic crisis will affect all the portions of society,when the price of food item increased due the economic crisis.Rich will hard to buy it,but the poor will not buy it.Because they won’t had anything to buy,they will not eat for some days.But for rich,the money their holding will only reduced.

[RealMalatesta]

I tell you a surprise, bad economy is also not good for the poor nor for the middle class.

Totally agree with your point.  However, I think in an economy that is depressed and bad because inflation is like a disease, where everyone has to suffer, but that's also the reason why I think the line between rich and poor is increasing day by day.  The more disparity, is also an opportunity for the rich - to become richer.  poor become poorer.  Everything in this period is just a pollution to the wretched

The rich will always have a way to survive. A rich person that is doing business and things happens to become costly, they would always have money to invest in their business and within a short time they will cover up all they have lost. But that is hardly the same for someone who is in the mid class or the lower class.

It will always be difficult for them and they might not have enough money to boost their business and keep it moving when the conditions are bad. It’s all going to be so much struggle for them to survive.

[Untomabur]

But why you had not mentioned about the middle class and poor people in the list.The economic crisis will affect all the portions of society,when the price of food item increased due the economic crisis.Rich will hard to buy it,but the poor will not buy it.Because they won’t had anything to buy,they will not eat for some days.But for rich,the money their holding will only reduced.

What you said I agree because basically when the economic crisis occurs not only the poor will be affected but the rich will also be affected,
The problem of the economic crisis does not look at a person's economic status,
related to the problem above, currently in my country the price of food has increased a lot and the worst thing is the price of oil so that it also has an impact on other things

[Fortify]

Rich in usa not positioned good position.
As food shortages many people will go and take it from others and to keep law and order the govermemt and super elite should for their own good create system when even the hard times people who could be violant to others dont need to if you lock them up in prison then its even more expensive and need a lot resources.
Areas where is a lot gangs when things get bad its a matter of time when they hit to the so called " neigbhoods safe neighbourhoods"

It's hard to comprehend when you don't have access to that level of money, but the richest among us are making big money through good or bad times. In fact they have to be overspenders or follow extremely bad advice to have their wealth threatened at any time. Once you get to the level of let's say $10 million, probably less, provided you live a lifestyle within your means - it's extremely possible to never have to work a day in your life and you'll have a steady income even through the roughest recessions. People with the level of wealth have large chunks invested in the stock market, yes it goes down during bad times but there are still companies making money and paying it out to shareholders, if you're well diversified that income is enough to sustain you.

[Rockstarguy]

I tell you a surprise, bad economy is also not good for the poor nor for the middle class. Bad economy hits everyone, the only question is how hard. And in relative terms (not in absolute terms), the poor and the middle class always lose more than the rich when economy struggles. Therefore, I can only partially understand your argumentation.

Generally, if a country suffers from poor economic conditions, then being rich or being poor is of irrelevant matter as everyone is indeed affected in this issue. Like what has been mentioned, it is a matter of the degree of its impact on the people. Unfortunately, mostly people who are living from the average median household to the poverty line would feel the effects more compared to the rich people.

The difference is that, rich people have the security in case of poor economic conditions. They have assets that can be used as a form of security/collateral in the event of an economic crash. Unlike poor people, what they only have are their monthly wages and a relatively small amount of assets.

Bad economy is  never good  for  the poor or  the rich, bad economy  will always  bring any categories of individual.  I have  seen top rich men in the  world  but when  ever their countries economy have some challenges their wealth rating drops. One may have  so many  properties to sell out in economic crisis and if the economy continues to face such challenges it maybe  difficult to  meet up how buoyant one used to be like before.

[Emitdama]

When the economy is bad, the poor ones are the ones who suffer the most from it. The rich ones will be able to go through it because they're already rich and they have what it takes to keep going when the economy is bad.

But for the poor people, they do not have anything at all and when food starts getting costly and they have nothing to rely on to get income and take care of themselves and their family, some of them might choose to do something wrong just because they want to get that money and take care of themselves and feed. So, it is usually difficult for everyone and just like you said, it’s also difficult for the rich, but the poor ones suffer the most.

[Mauser]

If we ever come towards a society where everybody needs a gun to protect his family and personal belongings than we are doomed. Without a law everyone can trust in, a country will collapse. First of all in such a world nobody would be using banks anymore, large amounts of cash will be stored at home and the financial system will go bankrupt. After that transactions will only happen between two people individually and no taxes are going to be paid. Why would anybody give money to the government if they can't guarantee laws and safety for its people. Once the government runs out of money the whole administration will stop working and military will likely riot. Eventually there will be a civil war where small local groups fight against each other.

[325btc]

If we ever come towards a society where everybody needs a gun to protect his family and personal belongings than we are doomed. Without a law everyone can trust in, a country will collapse. First of all in such a world nobody would be using banks anymore, large amounts of cash will be stored at home and the financial system will go bankrupt. After that transactions will only happen between two people individually and no taxes are going to be paid. Why would anybody give money to the government if they can't guarantee laws and safety for its people. Once the government runs out of money the whole administration will stop working and military will likely riot. Eventually there will be a civil war where small local groups fight against each other.

We dont need to search for examples look at the san fansisco look at the crime rates.
If soceity dont change we will see more like this
Who would tought city like san fransisco becomes like this ...?? So if the current capitalism way contiunes we all need to have guns in homes.