Best way to understood our world economy here is the example

[pooya87]

Although fiat and shitcoins look similar but there is a major difference between them which is the "utility". At the end of the day the shitcoin has no utilities which is why it literary collapses and dies but fiat does have and will continue to have utility as a medium of exchange. This is why it  doesn't collapse the same way a shitcoin does.

In other words the similarity stops at the uncapped nature and the fact that there is a catastrophe ahead for both of them because of their bad designs.

The big guys the whales the financial players have sold by now most of their assets covid 19 times they sold 75% of their assets now they wait for another pmp from the whales to sell the rest of the 25% of their asssets just before the Stablecoins along with Cbdc-s Will coming in in this case fednow in USA Will be either USDT or USDC the rest of the world busd as binance Will control europe asia and russia economy in future so on USA Will be coinbase and circle and rest of the world financial field will be under the binance control.

You stopped making sense in this last paragraph, specially since you seem to have forgotten that the stablecoins are the biggest shitcoins specially the most centralized ones that something like Binance owns/creates.

[1714771949]

1714771949

[michellee]

Most people only understand that they can still make ends necessities of life in these difficult times and don't care about the situation in their country or the condition of the crypto market. And they also don't care what the world's financial system is like because they tend to think simply and are not interested in learning too complicated things.

As long as they can find money to buy their necessities of life, that is enough and there are still many of them who don't care about the pump that will occur in the crypto market. If you want to survive a difficult situation, you just need to try to defend yourself by having everything you need.

And the best way for people to understand their economic situation is to try to have money to make ends meet. They will submit all these policies to the government. They also don't care if the US still controls the world economy or if China will hinder the US from furthering its goals or other things. We also don't need to explain things that are too complicated for them. And it is better for us to prepare ourselves well so that we can survive if, at any time, the economic situation in our country gets worse.

[lixer]

You're probably wrong on certain points. For one, fiat has only one direction, and it's downward. Shitcoins at least pump and dump. A shitcoin could actually multiply your worth a hundred fold very quickly. It can't happen with fiat. The monetary design is that money should slowly yet continuously lose its purchasing power, although sometimes it accelerates out of control.

You're also probably wrong when you compare crises like the pandemic to be a time for rejection or correction and that the huge financial whales are forced to sell assets. They're actually not like us ordinary mortals. Even in times of crises, their worth are increasing. Let's not be naïve. These rich elites are making money out of pandemics and wars and all kinds of disasters.

Maybe for one or a few person. Like you for example, fiat is like that because you know that it is inflationary but less knowledgeable individuals thinks that their fiat is growing once they save it. Not all shitcoin can pump but most will only dump so I don't think they are better than the fiats.

The pandemic turns out to be a great time for cryptos because they are pumping instead of dumping as what we expected. For other crises, they are the real ones who have a negative impact in the crypto market. People are as well affected including the rich people. Only those who are strategic are the ones who can earn during those times and they are not always rich people.

[Vishnu.Reang]

It cannot be denied that the world economy depends a lot on the US economy, America is the biggest market in the entire world. But the world economy doesn’t depend on one country only, Every country is depend upon each other countries today cannot survive for long without each others' imports and exports. World wide there are equal value, every country have its own value and importance. Each is formed according to its own resources, culture, laws, history, and geography.

[South Park]

It cannot be denied that the world economy depends a lot on the US economy, America is the biggest market in the entire world. But the world economy doesn’t depend on one country only, Every country is depend upon each other countries today cannot survive for long without each others' imports and exports. World wide there are equal value, every country have its own value and importance. Each is formed according to its own resources, culture, laws, history, and geography.

However it is that interdependency that makes the world vulnerable to the fall of the US economy, the invasion war of Russia against Ukraine brought a lot of problems to the world despite both countries being only a small part of the world economy, if the US economy failed then it is almost impossible to think how the rest of the countries will be able to keep their economies working at all, and most likely they will fail as well despite their best efforts to keep their economies running.

[dothebeats]

I think most people have a general understanding how economy work, like a preexisting knowledge either from school or just browsing the internet for information and news. However, completely grasping the ins and outs of world economy may differ from these preexisting knowledge and perspective as the system of economy may be viewed differently in various ways.

[Mario Yamasaki]

Economic conditions will be good if we always think positively, as long as we can maintain positive thoughts then we will have good ideas to be able to make money so that when the world's economic conditions are in a recession we can survive and actually get a lot of profit.

[el kaka22]

To understand it one simple word is enough; f--ked. I mean there is really nothing more to explain it because we have a ton of terrible stuff going on right now and that means we are also not going to end up getting a good result neither, we just need to realize that and we are going to be fine.

I believe that we are going to end up with a good result individually if we are lucky but the overall will always be the same. Isn't there ways to get out of this? Of course there are, and we are going to end up living in a world that is filled with candy and laughter as well, by that I mean we won't and nobody will use that solution to fix it, because for some reason the population doesn't believe in the solution so they reject any politician who says it out loud.

[adiksau0414]

This topic about economy is vast. Depending on the situation, the interpretation of it differs. Every country has its own value how the economy will flow. So, its always a learning process.