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Author Topic: Economic Implications of War on Individuals  (Read 2429 times)
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October 25, 2023, 04:57:52 AM
 #61

I hate wars. I hate conflicts. Both they are almost unavailable. Wars and conflicts disrupts lives. It kills people - men, women, babies. Businesses are shot down. Schools are shot down. Boys become father's and look after their moms and siblings because their father has gone to war. Daughters become mothers and have to care for their siblings because they lose their mothers to war. Children with perfectly normal lives become refugees

Wars and conflicts doesn't give you the time to plan. It happens fast and it happens suddenly. It comes with a huge economic cost. And for us in the cryptocurrency, we are not exempted too. If you are a miner, your mining operation is affected because if you are caught up in the conflict, you have to abandon it and flee so that you do not get killed.

I am deeply saddened by these wars. I am not taking sides because there are human causalities in both sides.

- do you have any survival tips during war period?
- are there any business that I can do during a period of war so as to sustain my family? Can I still budget, save and earn in Bitcoin?
- What is the economic impacts on individuals with families and how do I sustain them during war period.


My heart is grieving for all the innocent people who are affected by this war and the least that we can do is to pray for these lives.
I am just speaking based on all of my observations and from what I have seen from all the news. I think when you are stuck in war, the only thing that will be on your mind is to be safe with your family, and of the war to stopped. I think this is very obvious that there will be a negative economic impact for all the families during the war period, and the only way to sustain them is through the help of the government whether it is local or national, through providing relief goods for the families. Also, I don't think establishing a business, or saving and earning in bitcoin would ever cross your mind during wars because your mind will be clouded with just wanting to be safe and to survive. Afterall, money will be meaningless, and life is still the most valuable thing in this world.



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October 25, 2023, 10:04:38 AM
 #62

I hate wars. I hate conflicts. Both they are almost unavailable. Wars and conflicts disrupts lives. It kills people - men, women, babies. Businesses are shot down. Schools are shot down. Boys become father's and look after their moms and siblings because their father has gone to war. Daughters become mothers and have to care for their siblings because they lose their mothers to war. Children with perfectly normal lives become refugees

Wars and conflicts doesn't give you the time to plan. It happens fast and it happens suddenly. It comes with a huge economic cost. And for us in the cryptocurrency, we are not exempted too. If you are a miner, your mining operation is affected because if you are caught up in the conflict, you have to abandon it and flee so that you do not get killed.

I am deeply saddened by these wars. I am not taking sides because there are human causalities in both sides.

- do you have any survival tips during war period?
- are there any business that I can do during a period of war so as to sustain my family? Can I still budget, save and earn in Bitcoin?
- What is the economic impacts on individuals with families and how do I sustain them during war period.

The only thing to do during a period of war is to survive, especially if you exist within the area where there is open combat. It is not intentional to kill civilians during wars but they get killed anyways. This had necessitated the need for people to always flee war zones and look for livelyhood somewhere else.

There is no individual economy in war, it is always collective as you can not survive alone, you must always be in need of something you do not have and therefore needs someone who has it to assist with it or to trade something in exchange for it.

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October 25, 2023, 05:35:30 PM
 #63

War will only bring damage and loss to innocent people. It made many businesses close and made many people miserable. But as ordinary people we can't do anything about it, we can only survive and ensure that we and our families can survive. That's why in difficult conditions like now we have to ensure that we don't spend too much money on things that aren't important and keep our savings and income intact.
Every country avoid wars but when situations become altered and there is no other way then country start war. Countries where there is war is not only effected by war but all others countries also get effected by it as process transportation gets effected, also export and import become hard to carry on.
Not only in situations of war but in all circumstances we should save some amount of money because a person is not moneyed all the time. Sometimes a person is wealthy enough that he spend continously and don't think regarding future so when there comes a time when he Don't have any amount then be regret for his act but regression cannot give you anything so try to be ready for every situations and do not over spend on those substance which are not a Compulsory part of life.
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November 19, 2023, 07:31:11 AM
 #64


War is something no one wants because it brings no benefits, but for politicians, those who crave power see it as necessary to prove their power, a hobby. War will never go away and those politicians will never care about our life or death so let's find a way to take care of ourselves if war happens in our country.

The war between Russia and Ukraine is not over yet, we continue to witness the war between Israel and Hamas, I don't expect there will be another war from China and Taiwan in the future. I don't want world war 3 to happen but we can't do anything else if they want it to happen.
There would be no war if the people on the attacking side did not want to kill others. War is not a natural disaster and can always be avoided, including by appropriate attitude and actions against it.

For the second year now, the Russians attacking Ukrainians, trying to destroy Ukraine as a state, seize more foreign territories, and take away and appropriate the property of Ukrainians. All this time, about 70 percent of Russians actively support this war, support the continuous bombing and destruction of peaceful Ukrainian cities. Now in the occupied territories of Ukraine there are about 440 thousand Russian invaders who came to Ukraine to kill, rob and rape. It is not Putin who robs and kills, it is the Russian people who do it. Hence the conclusion - Russians want war and want to profit from war.

To stop such wars of conquest, it is necessary that the rest of the inhabitants of our planet harshly condemn such actions and prove this by their actions. If we do not do this, or if we run away from the war, as many here advise, the war will overtake us in other countries where we flee.

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November 19, 2023, 03:32:39 PM
 #65

Every country avoid wars but when situations become altered and there is no other way then country start war. Countries where there is war is not only effected by war but all others countries also get effected by it as process transportation gets effected, also export and import become hard to carry on.
Not only in situations of war but in all circumstances we should save some amount of money because a person is not moneyed all the time. Sometimes a person is wealthy enough that he spend continously and don't think regarding future so when there comes a time when he Don't have any amount then be regret for his act but regression cannot give you anything so try to be ready for every situations and do not over spend on those substance which are not a Compulsory part of life.
   When people keep promoting war, it's always funny because they really do not know what the entirety of the country would face if such happens. There are lot of adverse effects of war in a country and it really does affect the economy greatly. When there's way, the whole revenue generation would cease, everyone would be made to survive on management and making do with the resources they're able to keep secured during the period of the war which would in no time get exhausted.
 Even the after effect of the war would be bad because now, the nation would have to start all over again and then it'll take them longer time to get to a more balanced standard before being able to forge ahead fully into survival. There are no benefits in war, because everyone suffer from it cause ranging from, adult and children. Cities that took years to build will up going down in just one day. The sight of war is scary and people who has experienced will not want to experience it again.
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November 19, 2023, 09:43:45 PM
 #66

snip

- do you have any survival tips during war period?
- are there any business that I can do during a period of war so as to sustain my family? Can I still budget, save and earn in Bitcoin?
- What is the economic impacts on individuals with families and how do I sustain them during war period.
i'm not an economic consultant, but i think the best way to survive during wartime is to buy only essential items, not be wasteful and be very consumptive.  As long as this happens, of course the basic needs business will be a favorite business, apart from that, the health and transportation business will also be a favorite too, choose the business that suits you.  if a war occurs globally then all citizens of the world will be harmed, the impact of the war is very large, and will usually cause major damage to a country's system, prepare yourself for all the worst possibilities during future wars.

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November 20, 2023, 09:47:23 AM
 #67

I am grateful that I still live in a country that is still peaceful and peaceful without war until now, but if you ask me, it is necessary at any time and to survive in such conditions the main thing to do is The first always have a Buffer Stock like  food, water and oil when problems start to come and place them in a safe place, Next is to keep yourself and your family members safe during war and regarding Business, it is quite difficult because the conditions are adjusted, but we can also adjust if there is time and opportunity, but I think the possibility is very small if we trade at times like that.

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November 20, 2023, 10:40:39 AM
 #68

The trauma that these wars give to individuals is totally huge. I think there were even documentaries that give the viewers an idea what trauma is from people that suffers it because of the wars.
They don't want to have that and they're all just victims of these leaders playing chess and the pieces are their militaries and innocent people as pawns.  Undecided


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November 20, 2023, 01:03:43 PM
 #69

The trauma that these wars give to individuals is totally huge. I think there were even documentaries that give the viewers an idea what trauma is from people that suffers it because of the wars.
They don't want to have that and they're all just victims of these leaders playing chess and the pieces are their militaries and innocent people as pawns.  Undecided

Yeah.. the trauma that war inflicts on individuals can be profound and long-lasting. The experiences of war can lead to post-traumatic stress disorder (PTSD), anxiety, depression, and other mental health problems. Survivors of war may also experience physical injuries, chronic pain, and social isolation.  Documentaries can be a powerful way to give viewers a glimpse into the experiences of war and the trauma it causes. By sharing the stories of survivors, documentaries can help to raise awareness of the human cost of war and promote peace and understanding.

War is a devastating tragedy that inflicts immense suffering on innocent people. They become collateral damage in the grand chess game played by powerful leaders, their lives and well-being mere pawns sacrificed for political gains. The leaders who orchestrate these conflicts often remain insulated from the horrors they unleash. We must hold our leaders accountable for their actions and demand that they prioritize the well-being of their people over their own political agendas. Only then can we hope to alleviate the suffering of those caught in the crossfire and create a world where peace prevails.

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November 20, 2023, 01:06:53 PM
 #70

The trauma that these wars give to individuals is totally huge. I think there were even documentaries that give the viewers an idea what trauma is from people that suffers it because of the wars.
They don't want to have that and they're all just victims of these leaders playing chess and the pieces are their militaries and innocent people as pawns.  Undecided

Yeah.. the trauma that war inflicts on individuals can be profound and long-lasting. The experiences of war can lead to post-traumatic stress disorder (PTSD), anxiety, depression, and other mental health problems. Survivors of war may also experience physical injuries, chronic pain, and social isolation.  Documentaries can be a powerful way to give viewers a glimpse into the experiences of war and the trauma it causes. By sharing the stories of survivors, documentaries can help to raise awareness of the human cost of war and promote peace and understanding.

War is a devastating tragedy that inflicts immense suffering on innocent people. They become collateral damage in the grand chess game played by powerful leaders, their lives and well-being mere pawns sacrificed for political gains. The leaders who orchestrate these conflicts often remain insulated from the horrors they unleash. We must hold our leaders accountable for their actions and demand that they prioritize the well-being of their people over their own political agendas. Only then can we hope to alleviate the suffering of those caught in the crossfire and create a world where peace prevails.
Because of their personal bias and agendas, many innocent people becomes the collateral damage of these wars.
It is like a video game to them that making them put the lives of innocent people at risk.
While the commander in chief and all other high ranking officials are on their offices giving commands to their people while them at their own comfort zones.


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November 20, 2023, 01:22:42 PM
 #71

I am grateful that I still live in a country that is still peaceful and peaceful without war until now, but if you ask me, it is necessary at any time and to survive in such conditions the main thing to do is The first always have a Buffer Stock like  food, water and oil when problems start to come and place them in a safe place, Next is to keep yourself and your family members safe during war and regarding Business, it is quite difficult because the conditions are adjusted, but we can also adjust if there is time and opportunity, but I think the possibility is very small if we trade at times like that.

Even though we live in a peaceful and peaceful country, war conflicts are occurring in the Middle East and also the conflict between Russia and Ukraine. We can really feel the impact of this war even though geographically the country where I live is quite far from the countries experiencing conflict.
And the impact of this war will be felt by countries whose countries depend on other countries to meet their needs, such as food and energy. Of course, even though these countries are farthest from the conflict, they also have to suffer and be affected by it, because energy and food prices have experienced quite significant price increases.

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November 20, 2023, 04:09:51 PM
 #72

War has so many negative impact on people, people lose their homes, valuables, relatives and physical investments, this might cause many to be mentally derailed because of the horrible experience of war, when you talk about business that people can involve themselves during war, you have to mention selling of arms to the waring nations, we know that this is not that possible as we see it, I think it is a nation thats permitted to do this with the help of individuals, the only option for me is Bitcoin investment, when one notice the sign of imminent war, you have to diversity most of your investment in bitcoin and other crypto this is the only way you can safeguard your wealth in the time of war.

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November 20, 2023, 04:28:19 PM
 #73


- do you have any survival tips during war period?
- are there any business that I can do during a period of war so as to sustain my family? Can I still budget, save and earn in Bitcoin?
- What is the economic impacts on individuals with families and how do I sustain them during war period.

Move to different location, it may sound selfish but that is the only thing that can help you and that is what the leaders do as well who initiate wars.

Wars disrupt the economies of other countries too depending on what good is exported from there and from where they import goods into their nation. In Palestine, no countries will be affected due to their loss so it won't affect any country economically whereas if Russia starts war then they stop the oil exports then most countries will go short of oil which will lead to all the prices of goods we used to surge.









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November 20, 2023, 06:45:51 PM
 #74


- do you have any survival tips during war period?
- are there any business that I can do during a period of war so as to sustain my family? Can I still budget, save and earn in Bitcoin?
- What is the economic impacts on individuals with families and how do I sustain them during war period.

Move to different location, it may sound selfish but that is the only thing that can help you and that is what the leaders do as well who initiate wars.

Wars disrupt the economies of other countries too depending on what good is exported from there and from where they import goods into their nation. In Palestine, no countries will be affected due to their loss so it won't affect any country economically whereas if Russia starts war then they stop the oil exports then most countries will go short of oil which will lead to all the prices of goods we used to surge.

So according to your theory, if we depend on the resources of a terrorist or maniac, we should worship him and not oppose his crimes ? ! Are you serious? Smiley
That is why the EU has chosen a difficult and unpopular, but vital decision - to refuse gas from the country of the terrorist and diversify supplies from other sources. It is also worthwhile to substitute oil from the terrorist's country. Besides, it is profitable for everyone to punish the criminal and force him to sell a tool for manipulating the world economy (in this case oil) at a dumping price. Since Russia is totally dependent on oil revenues. Russia is a country with an absolutely raw material economy.
And it was economic terrorism that became a continuation of their usual terrorism, when the whole developed world stood up against Russia. So either the world will defeat terrorism, or terrorism will drown the world in blood and manipulation.....

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November 20, 2023, 07:59:12 PM
 #75


- do you have any survival tips during war period?
- are there any business that I can do during a period of war so as to sustain my family? Can I still budget, save and earn in Bitcoin?
- What is the economic impacts on individuals with families and how do I sustain them during war period.

Move to different location, it may sound selfish but that is the only thing that can help you and that is what the leaders do as well who initiate wars.

Wars disrupt the economies of other countries too depending on what good is exported from there and from where they import goods into their nation. In Palestine, no countries will be affected due to their loss so it won't affect any country economically whereas if Russia starts war then they stop the oil exports then most countries will go short of oil which will lead to all the prices of goods we used to surge.

So according to your theory, if we depend on the resources of a terrorist or maniac, we should worship him and not oppose his crimes ? ! Are you serious? Smiley
That is why the EU has chosen a difficult and unpopular, but vital decision - to refuse gas from the country of the terrorist and diversify supplies from other sources. It is also worthwhile to substitute oil from the terrorist's country. Besides, it is profitable for everyone to punish the criminal and force him to sell a tool for manipulating the world economy (in this case oil) at a dumping price. Since Russia is totally dependent on oil revenues. Russia is a country with an absolutely raw material economy.
And it was economic terrorism that became a continuation of their usual terrorism, when the whole developed world stood up against Russia. So either the world will defeat terrorism, or terrorism will drown the world in blood and manipulation.....


I didn't say start worshipping the bad guys to save your lives, I said move on to a different location where there is no war.

EU countries completely stopped purchasing oil and Gas from Russia, I don't think so which means they are financing terrorism too right?

I am not taking sides here, just talking from an individual's perspective of who wants to live and where the war is happening.










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November 20, 2023, 11:29:11 PM
 #76


- do you have any survival tips during war period?
- are there any business that I can do during a period of war so as to sustain my family? Can I still budget, save and earn in Bitcoin?
- What is the economic impacts on individuals with families and how do I sustain them during war period.

Move to different location, it may sound selfish but that is the only thing that can help you and that is what the leaders do as well who initiate wars.

Wars disrupt the economies of other countries too depending on what good is exported from there and from where they import goods into their nation. In Palestine, no countries will be affected due to their loss so it won't affect any country economically whereas if Russia starts war then they stop the oil exports then most countries will go short of oil which will lead to all the prices of goods we used to surge.

So according to your theory, if we depend on the resources of a terrorist or maniac, we should worship him and not oppose his crimes ? ! Are you serious? Smiley
That is why the EU has chosen a difficult and unpopular, but vital decision - to refuse gas from the country of the terrorist and diversify supplies from other sources. It is also worthwhile to substitute oil from the terrorist's country. Besides, it is profitable for everyone to punish the criminal and force him to sell a tool for manipulating the world economy (in this case oil) at a dumping price. Since Russia is totally dependent on oil revenues. Russia is a country with an absolutely raw material economy.
And it was economic terrorism that became a continuation of their usual terrorism, when the whole developed world stood up against Russia. So either the world will defeat terrorism, or terrorism will drown the world in blood and manipulation.....


I didn't say start worshipping the bad guys to save your lives, I said move on to a different location where there is no war.

EU countries completely stopped purchasing oil and Gas from Russia, I don't think so which means they are financing terrorism too right?

I am not taking sides here, just talking from an individual's perspective of who wants to live and where the war is happening.

Perhaps I misunderstood your thought, I apologize.
But also the option of "running away from war" - as for me, a citizen of Ukraine, where the war came in 2014 with an attack from Russia, this approach is not acceptable. If we all "go where there is no war" - what will happen to my country ? Capture and destruction. Then this trouble will come to the place where we decided to run away. And so on to the sad ending.
Avoiding a problem doesn't solve it, it only makes it worse. Therefore, in a situation when your country has become a victim of aggression - running away is not the most logical option, although it solves the problem for a while.
I can agree with a slightly different option - if life is not comfortable or does not work out in a given house, neighborhood, city, town, region, country - it is probably worth finding a more convenient place to realize your plans. This is normal.

PS Regarding the fact that the EU buys Russian oil rather than sponsoring terrorism - I partially agree. But there are nuances here - it is a forced measure, before the final decision to change suppliers. Moreover, the EU has adopted a package of laws limiting the income of the terrorist country by introducing price caps on transactions with this "commodity".

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November 21, 2023, 05:28:35 AM
 #77

When war is going on, the first thing I will think about is the safety of myself and my family. And as the OP said, we won't even have time to make careful plans if war suddenly breaks out. But at least we must know the indications before the war. So that we can make preparations when we have noticed and received indications.

If we are in a conflict area, maybe the first step we have to take is to run away with all the valuable assets we have. If you have the opportunity to change fiat to bitcoin then it would be better if you do that. and then go abroad and while waiting for the conflict to end we may have to survive. And yes, of course we need income even if we are in another country. If we are people who work online from the start then maybe moving countries won't be an obstacle. Because we can still work as long as we have tools and a good internet connection. But if from the start we only rely on manual labor in the real world. So maybe it won't be easy to find work in another country. Unless we have acquaintances and family there.

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November 21, 2023, 05:49:56 AM
 #78

Yes, unfortunately most people agree that there are no winners in a War and the people that are suffering the most... are the women and children that are left behind. (When elephants fight, it is the grass that suffers ... African proverb, meaning that the weak get hurt in conflicts between the powerful.)

People in conflict zones has to focus on survival and also protecting their family.... so that should be their primary objective. (Food / Water / Safety)  The other things will become important when you are safe and when your family are fed and healthy.

Tips :

1. Hide you wealth. (Jewelry and things you can sell, when you return to your country)
2. Get away from the conflict zone.
3. Do anything to protect your family
4. Be willing to do any job. (You might have been a company director before the war, but you must be willing to wash dishes to get money)
5. Convert some money into Crypto, because it can help you to transfer your wealth to another country. (Bitcoin has no borders)




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Samlucky O
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November 21, 2023, 07:13:17 AM
 #79

I hate wars. I hate conflicts. Both they are almost unavailable. Wars and conflicts disrupts lives. It kills people - men, women, babies. Businesses are shot down. Schools are shot down. Boys become father's and look after their moms and siblings because their father has gone to war. Daughters become mothers and have to care for their siblings because they lose their mothers to war. Children with perfectly normal lives become refugees
I think nobody else like war neither. There is always a propelling force that inflict war in any nation. It could be economic crisis like: religion crisis, nationalism or land disputs. These factors can gradually becomes big war and causes affliction on individual which renders many homeless, fatherless, motherless and all that. So there is a need to always put things in other by a country to avoid war because it's never a good thing.

- do you have any survival tips during war period?
I think I have not witnessed a serious war rather protest

- are there any business that I can do during a period of war so as it sustain my family? Can I still budget, save and earn in Bitcoin?
As for physical business I think it's inpossible because where there is war there is also no business. And even if you do it would not be like as usual. Except is an online business. Maybe probably I'd you are on signature campegn I think it would save you alot from financial issues.

- What is the economic impacts on individuals with families and how do I sustain them during war period.
Am afraid the only economic impact it will cause is fear and hypertension and alwaysay have that  war trauma in your head and becomes angry whenever you remember how your loved ones died.

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November 21, 2023, 04:47:37 PM
 #80

When war is going on, the first thing I will think about is the safety of myself and my family. And as the OP said, we won't even have time to make careful plans if war suddenly breaks out. But at least we must know the indications before the war. So that we can make preparations when we have noticed and received indications.

When war want to happen and you see it on the news, then there is chances it might not happen, peace will be kept at all cost to avoid casualties on both side but the ones don't see are the ones that use to happen. People don't really give a shit about Palestine and Isreal and until one person made an attack that kills hundreds and thousands, that was when I even knew about the pre war and the current status of the genocide that has been happening between these two countries.

The bad part of this war is that both affected citizens of Isreal and Palestine will never remain in good side of history again. If you are rich before war, the high chance of maintaining that status is low when war happen except if your business isnot in that country or perhaps your are into online business and investments that are not associated with the country, war is not good for any man kind. Cry

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If we are in a conflict area, maybe the first step we have to take is to run away with all the valuable assets we have. If you have the opportunity to change fiat to bitcoin then it would be better if you do that. and then go abroad and while waiting for the conflict to end we may have to survive. And yes, of course we need income even if we are in another country. If we are people who work online from the start then maybe moving countries won't be an obstacle. Because we can still work as long as we have tools and a good internet connection. But if from the start we only rely on manual labor in the real world. So maybe it won't be easy to find work in another country. Unless we have acquaintances and family there.

If we are in a war, nothing is as important as life, I will never trade it for anything. My first priority is to make sure that I'm healthy and alive and if there is possibility of living the country, I will do that asap because only when I have life I will come back to check my properties and I confident that nothing will touch it because many people will also be running for their life as well. I will not stay and die for a war that wasn't started by me and it will not end with me neither.

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