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Author Topic: Currencies are Collapsing Everywhere.  (Read 880 times)
DrBeer
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October 23, 2022, 08:14:34 PM
 #81

Why are so many people feeling surprised about these recent currency value depreciations and other economy related issues? I expected this kind of stuff to happen primarily thanks to COVID.

Putin's messed up war basically added fuel to the fire which is why the global economy is collapsing slowly and steadily, but I am confident that it will recover soon.

I would not have been very optimistic about a short recovery time. In addition to the global change in the oil and gas market, changes in the industry follow. International logistics and many other related things will also change. It won't take 1 or 2 years. Plus, the highly probable development of an economic crisis in China is on the threshold. What will happen to the chairman of the CPC, re-elected 3 times, is a difficult question. As a rule, such "level" global problems ... with a war. Like their terrorist neighbor to the north. Will it be Taiwan, or Russia in a state of total impotence (economic, military, political) - the question is very complicated. If the United States, Britain and many other countries play for Taiwan, then no one will take a steam bath for the Russian Federation - for everyone, the loss of the Russian Federation from the map will only cause a sigh of relief ... And all this can happen in the next 5 years. Therefore, it is too early to be optimistic about the situation.

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October 23, 2022, 09:55:03 PM
 #82

Why are so many people feeling surprised about these recent currency value depreciations and other economy related issues? I expected this kind of stuff to happen primarily thanks to COVID.

Putin's messed up war basically added fuel to the fire which is why the global economy is collapsing slowly and steadily, but I am confident that it will recover soon.
What Putin did is a disaster and make everyone suffer from that war. Market inflation, currency value depreciation, and oil price is rising - I think everything around the price went high and wild. I couldn't imagine how these poor people able to survive if this will take so long.
Yes, recovery will come but can't imagine how fast it was or if it is only too slow. As long as the war between Russia and Ukraine continues, it closes my mind to think the situation will easily change but might it worse.

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October 25, 2022, 08:44:31 PM
 #83

Why are so many people feeling surprised about these recent currency value depreciations and other economy related issues? I expected this kind of stuff to happen primarily thanks to COVID.

Putin's messed up war basically added fuel to the fire which is why the global economy is collapsing slowly and steadily, but I am confident that it will recover soon.
What Putin did is a disaster and make everyone suffer from that war. Market inflation, currency value depreciation, and oil price is rising - I think everything around the price went high and wild. I couldn't imagine how these poor people able to survive if this will take so long.
Yes, recovery will come but can't imagine how fast it was or if it is only too slow. As long as the war between Russia and Ukraine continues, it closes my mind to think the situation will easily change but might it worse.
While war has always been a huge event that affects the lives of a lot of people this is even more pronounced now since our world is interconnected, many people may not find a single Russian or Ukrainian product on their houses and yet those two economies produced a lot of goods necessary for the economy, and the absence of those products was obviously going to hit us hard, what no one knew is how hard it would hit us as the world still had not recovered from the effects of the pandemic and made everything much worse.
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October 25, 2022, 10:34:23 PM
 #84

Why are so many people feeling surprised about these recent currency value depreciations and other economy related issues? I expected this kind of stuff to happen primarily thanks to COVID.

Putin's messed up war basically added fuel to the fire which is why the global economy is collapsing slowly and steadily, but I am confident that it will recover soon.
What Putin did is a disaster and make everyone suffer from that war. Market inflation, currency value depreciation, and oil price is rising - I think everything around the price went high and wild. I couldn't imagine how these poor people able to survive if this will take so long.
Yes, recovery will come but can't imagine how fast it was or if it is only too slow. As long as the war between Russia and Ukraine continues, it closes my mind to think the situation will easily change but might it worse.
While war has always been a huge event that affects the lives of a lot of people this is even more pronounced now since our world is interconnected, many people may not find a single Russian or Ukrainian product on their houses and yet those two economies produced a lot of goods necessary for the economy, and the absence of those products was obviously going to hit us hard, what no one knew is how hard it would hit us as the world still had not recovered from the effects of the pandemic and made everything much worse.
Cant really be that surprising that most of thing will really be took on the blame on the war that is currently happening which it did really make out some impact or did make some domino
effect if we do speak about economic problems and issues that we are facing today but to mind off that this isnt only the sole reason on why we are experiencing these declines.
There are several factors which would really be the reason on why we are facing these things.Its collapsing everywhere and there were no exemptions when it comes to this one.
As a citizen then the most sensible thing to be done is to make yourself that get prepared on whatever things that might experience along the way.

R


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October 26, 2022, 07:12:13 AM
 #85

Naturally, if the currency value continues to decline due to many factors, and inflation that occurs around 10% per year, so after 10 years the price of the product can rise to 100%, this also makes the problem complicated because more and more people try to find alternatives and even prefer to save Money in stronger foreign currencies such as USD or Euro.
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