Do you feel that the global economy is declining?

[wxa7115]

Governments are powerful but not all-powerful, whenever there is a disaster of some sort, people always think that the governments must do something, however the one that really has the most power over your life and current circumstances is yourself.

So if you find yourself in a difficult economic situation then you need to do what you can to get out of it on your own, since by the time you could receive the help of the government, it could be too late already, so there is no point waiting for a help that may come late or it may never come.

Governments may not be all powerful, but at the same time we are talking about the place where we pay so much of our money. If they are capable of taking our taxes so much, I mean most governments literally get half of our income, then they should be able to help us during bad times as well, otherwise why are we even paying them?

I think we should be asking and demanding a lot more from governments and we are not really making it work and people who like to vote for certain people, end up not saying anything against people they vote for, which makes those people a lot more confident on taking our money and they just end up not making any improvements. We should reconsider that and start to just consider how we could make it work with a lot more demands from them in exchange for paying that much tax.

I get it but a great deal of that money you pay as taxes will never come back to you on the form of services or timely help, so if you are in a difficult situation and you receive the help of the government, that is great, but if not then you should have a plan to get out of any predicament on your own.

A difficult thing without a doubt but it must be done, and since this is a bitcoin forum, it should be obvious that part of my plan is to use bitcoin to deal with whatever adverse circumstances I may have to face due to a declining economy.

[blckhawk]

In my country the salary is not lower it is rising, but the price of goods is also rising 65 to 75% of its price five years ago. That is why even if the salary is rising the salary is still short to support the needs of the family almost every year the price of goods is rising but the salary is not so poor will become very poorest.

They don't want us to stop working so we can give them more profit, throw in as much bread as they can so we don't have to get angry that while we can survive with meager amount of money, that we won't turn against them and destroy everything that the capitalists have built for themselves. I don't know much about global economics but I don't think that we never have seen any really increase in the past 100 years, countries that are poor are still poor and exploited today.

[d-baet guns]

One of my colleagues told me that his salary is lower now than it was five years ago. Sadly, the price of goods is rising.

This may be caused by inflation which causes the price of goods to rise, while wages do not experience a commensurate increase which results in the price of goods continuing to rise. A decrease in purchasing power for goods can be a problem for some people because it can reduce their ability to meet their daily needs.
In this case, various countries have experienced very significant inflation which has caused the public economy to be unstable, the government should be able to overcome this, so that significant inflation does not occur which creates many problems for some people.

[|MINER|]

Wages are not going down. In fact, there has been inflation around the world. It has taken a terrible form.  Along with this, the increase in the price of goods has made public life more dangerous. People with low income are not able to adjust the expenditure with the income. Which makes their life low. For example Those who used to spend monthly with 500$ are now not able to get through the month on this budget.  The problem is seen in almost every country in the world

[dothebeats]

Wages are not going down. In fact, there has been inflation around the world. It has taken a terrible form.  Along with this, the increase in the price of goods has made public life more dangerous. People with low income are not able to adjust the expenditure with the income. Which makes their life low. For example Those who used to spend monthly with 500$ are now not able to get through the month on this budget.  The problem is seen in almost every country in the world

Wages haven't moved much since then. It cannot keep up with the prices of goods and no longer offer a liveable wage for a single person. This is why a lot of people are forced to look for second jobs or other things to make money on the side to supplement what they are receiving for their wages. Governments are obviously not helping the general public to improve their lives. They are just there to enforce laws for the benefit of a select few, and obviously not for the majority.

[leonair]

The economy of the world is going down and that's why I don't think anyone is happy or will be happy because the world economy is going down which means the economy of his own country is going down and as a result inflation will increase and also the price of daily necessities will increase as a result of living. The quality will be worse. Especially I think the third world countries will face this kind of problem more. And I think the main reason for the decline of the world's economy is that the big superpowers don't understand that they are causing more danger to the world by fighting wars for arms trade.

[Ever-young]

One of my colleagues told me that his salary is lower now than it was five years ago. Sadly, the price of goods is rising.

That's the effect of inflation.
Inflation has proven to be a global pandemic that's been seriously feeding on the global economy for years now.
One of the effects of inflation is decline in purchasing power and that's what your friend is experiencing. And having a stagnant income in such an economic situation could also be very frustrating, especially when the cost of living is also drastically increasing.

Inflation has the ability to slowly reduce the value of money, making it pretty hard for people to be able to afford the same goods and services they've been able to afford few years back, so rather than depending on that source of income, one should always give room for adaptation and growth, sort for other means to update your income to fit the new standards of living.

[tygeade]

Governments are powerful but not all-powerful, whenever there is a disaster of some sort, people always think that the governments must do something, however the one that really has the most power over your life and current circumstances is yourself.

So if you find yourself in a difficult economic situation then you need to do what you can to get out of it on your own, since by the time you could receive the help of the government, it could be too late already, so there is no point waiting for a help that may come late or it may never come.

Governments may not be all powerful, but at the same time we are talking about the place where we pay so much of our money. If they are capable of taking our taxes so much, I mean most governments literally get half of our income, then they should be able to help us during bad times as well, otherwise why are we even paying them?

I think we should be asking and demanding a lot more from governments and we are not really making it work and people who like to vote for certain people, end up not saying anything against people they vote for, which makes those people a lot more confident on taking our money and they just end up not making any improvements. We should reconsider that and start to just consider how we could make it work with a lot more demands from them in exchange for paying that much tax.

That is basically the eternal question, but the response is a simple "then elect people who would take taxes from you and use it so well that your nation will become better", and yet we fail to elect people like that, instead we elect people who are against the people we hate, that's all we look at.

There are type of people we "hate" and whoever hates those people together with us, we elect those people and we look basically at nothing else about them, they could be crooked thief politicians who would spend our taxes to enrich their friends, but if they hate the same group of people that we hate then we are going to turn a blind eye to everything they do. Which is why I believe that we are not going to end up with anything crazy in the future, things will stay the same way for a long time.

[barisbilgili]

One of my colleagues told me that his salary is lower now than it was five years ago. Sadly, the price of goods is rising.

That's the effect of inflation.
Inflation has proven to be a global pandemic that's been seriously feeding on the global economy for years now.
One of the effects of inflation is decline in purchasing power and that's what your friend is experiencing. And having a stagnant income in such an economic situation could also be very frustrating, especially when the cost of living is also drastically increasing.

Inflation has the ability to slowly reduce the value of money, making it pretty hard for people to be able to afford the same goods and services they've been able to afford few years back, so rather than depending on that source of income, one should always give room for adaptation and growth, sort for other means to update your income to fit the new standards of living.

Currently, in almost all countries, prices of goods are increasing but income/salaries are still the same or even decreasing, making it very difficult to meet living costs.
The impact of inflation is very large, but whether we want it or not, we have to be able to get out of this situation in order to meet living costs, so the only way is to be able to adapt and get out of this zone by looking for a much bigger income.

[bitgolden]

Having bad results give or take during this period is not really that shocking, world is coming out of a pandemic period, recovering from that can't be too quick. Everyone assumes that just because it got "little" bit better, they assume that it could be much better, but what we do not realize that is that for a whole year it was just locked business who didn't do well, and for two years it was not financially good, which means that we have a lot of time to recover and a lot of stuff to handle before we are back to where we were.

I think people are reacting to all of this like they think we could do fine right away, that is not possible and should be considering how we could do better later on. Just assume that it will take some time.

[wxa7115]

Having bad results give or take during this period is not really that shocking, world is coming out of a pandemic period, recovering from that can't be too quick. Everyone assumes that just because it got "little" bit better, they assume that it could be much better, but what we do not realize that is that for a whole year it was just locked business who didn't do well, and for two years it was not financially good, which means that we have a lot of time to recover and a lot of stuff to handle before we are back to where we were.

I think people are reacting to all of this like they think we could do fine right away, that is not possible and should be considering how we could do better later on. Just assume that it will take some time.

Assuming there is enough time for all of those businesses and people to recover, after all even if the pandemic has officially ended, it did not took long for two wars to start, and those conflicts created once again uncertainty on the markets and affected the lives of many people as well.

So not only the world economy has not recovered, it is even possible it could get worse, and if that were to happen, I do not know how long people could endure their difficult situation.

[DeathAngel]

The global economy is currently facing challenges & uncertainties which have led to a slowdown in growth rates. The situation differs across countries & sectors. Trade tensions, geopolitical issues & the COVID-19 pandemic have contributed to economic fluctuations. While some countries may be experiencing a decline others may be showing signs of recovery. The global economy is facing headwinds but the extent of decline varies & is subject to ongoing developments & policy responses.

[boty]

Wages are not going down. In fact, there has been inflation around the world. It has taken a terrible form.  Along with this, the increase in the price of goods has made public life more dangerous. People with low income are not able to adjust the expenditure with the income. Which makes their life low. For example Those who used to spend monthly with 500$ are now not able to get through the month on this budget.  The problem is seen in almost every country in the world

Wages haven't moved much since then. It cannot keep up with the prices of goods and no longer offer a liveable wage for a single person. This is why a lot of people are forced to look for second jobs or other things to make money on the side to supplement what they are receiving for their wages. Governments are obviously not helping the general public to improve their lives. They are just there to enforce laws for the benefit of a select few, and obviously not for the majority.

If the government cannot pay workers a decent wage, of course this requires them to look for side jobs that can give them additional income to meet their needs because if they only rely on the income they get from a job, of course they won't be able to. enough for their needs and if the government doesn't care about this of course the people will continue to experience difficulties in living their lives and for the government which only thinks about their own group of course they will not think of the right solution for their society, but if the government can provide a solution The right thing is of course that their community can meet their needs with the income they have.

[moneystery]

Wages are not going down. In fact, there has been inflation around the world. It has taken a terrible form.  Along with this, the increase in the price of goods has made public life more dangerous. People with low income are not able to adjust the expenditure with the income. Which makes their life low. For example Those who used to spend monthly with 500$ are now not able to get through the month on this budget.  The problem is seen in almost every country in the world

i can say that this is true. in the past, 200 usd a month was enough for me, where i could buy bread, meat, milk, etc., but now with 300 usd it is quite difficult for me to manage it for my various needs, and this is getting worse with increasing costs. electricity and internet bills at my house.

inflation is really worrying now, but the government seems to be still very busy with their political agenda, so they ignore this serious problem. i don't know how long this condition will last, but hopefully my income can increase in the future, so that my life will not be too difficult.

[TEBTC]

The truth of the matter is that the economies all over the world 🌍 are experiencing decline or problem this is due to the rise in population as we have scar's resources with too many people relying on it
And again government need to come up with new strategies to solve the economic problems of the world because every year inflation is always on the rise but the salary structure is still the same

[Riginac111]

One of my colleagues told me that his salary is lower now than it was five years ago. Sadly, the price of goods is rising.

that is why it's not good to depend on monthly salary if you are working and you are earning money monthly you have to diversify your source of income so that when economy of your country is rough you can survive through different ways because many people who depend on monthly salary do suffer when they country is not balanced myself I have different investment have that used to sustain me since I was born I've not done a government work before or based on monthly salary to take care of my needs and want.

[dezoel]

Wages are not going down. In fact, there has been inflation around the world. It has taken a terrible form.  Along with this, the increase in the price of goods has made public life more dangerous. People with low income are not able to adjust the expenditure with the income. Which makes their life low. For example Those who used to spend monthly with 500$ are now not able to get through the month on this budget.  The problem is seen in almost every country in the world

Creating multiple income streams is the only solution for this because governments don't work to reduce inflation and the people of their countries are left to suffer, that's why, everyone will have to find ways for them to survive in such economic conditions. I know it's not easy because not everyone has got enough opportunities and abilities to be able to have multiple sources of income but we don't have a choice, do we?

The world is turning into a place where only the rich can survive which is unfortunate. People who are not financially stable will always have a hard time living their lives because they will barely be able to earn enough money to fulfil the basic requirements of their household, savings and other stuff are impossible things for them.

[DanWalker]

Wages are not going down. In fact, there has been inflation around the world. It has taken a terrible form.  Along with this, the increase in the price of goods has made public life more dangerous. People with low income are not able to adjust the expenditure with the income. Which makes their life low. For example Those who used to spend monthly with 500$ are now not able to get through the month on this budget.  The problem is seen in almost every country in the world

Creating multiple income streams is the only solution for this because governments don't work to reduce inflation and the people of their countries are left to suffer, that's why, everyone will have to find ways for them to survive in such economic conditions. I know it's not easy because not everyone has got enough opportunities and abilities to be able to have multiple sources of income but we don't have a choice, do we?

The world is turning into a place where only the rich can survive which is unfortunate. People who are not financially stable will always have a hard time living their lives because they will barely be able to earn enough money to fulfil the basic requirements of their household, savings and other stuff are impossible things for them.

I agree with you, other than finding ways to create multiple sources of income, we have no better solution to fight inflation today. But blaming the government for not making efforts to reduce inflation is not correct, there are still many governments trying their best but sometimes it is beyond their control. How can small countries avoid inflation while big countries are trying to export inflation? In addition to domestic factors that cause inflation to increase, you also need to know that external factors also have a significant impact and are beyond the government's control.

The rich will also face inflation if they cannot maintain their wealth, so they are also trying every day. And if we don't want to be eliminated or killed by inflation, we should try to rise up and not blame the rich and the poor here. Because no one prevents us from becoming rich, and whether we can become rich or not depends entirely on our bravery.

[bSpend]

One of my colleagues told me that his salary is lower now than it was five years ago. Sadly, the price of goods is rising.

Well, using the present situation in my own country as a reference,  I will completely agree that what your colleague told you is absolutely true, actually, you did not say or mention the country you are from, but over here, things have become really worst and unbearable for many, price of things in the market have increased for more than 300 percent for each, for some items, most especially the ones that are being imported into the country, those ones have increased like more than 500 or 600 percents as a while of our local currency losing value against the dollar, and yet, workers salaries have remains the same for all of this months this has happened, a 50kg bad of rice is now sold 5x to 6x more than it was sold 2 years ago.

If the way things are in my country is the same way it is for all other countries and the world at large, then indeed, the world economy is gradually collapsing.

[CageMabok]

The truth of the matter is that the economies all over the world 🌍 are experiencing decline or problem this is due to the rise in population as we have scar's resources with too many people relying on it
And again government need to come up with new strategies to solve the economic problems of the world because every year inflation is always on the rise but the salary structure is still the same

The increase in population with limited resources is indeed a bit more complicated for the government to solve if everyone's salaries still look the same, but that doesn't mean it can't be solved. Because the government is only trying to maintain the economic sector by not increasing the prices of goods that are often needed by the people and also by ensuring that raw materials that are often used by factories do not become scarce. Because scarcity of an item will always cause the price to increase if there is still quite a lot of demand.

And when all parties have to fight inflation every year, of course this will also encourage everyone to have new skills in order to earn more income so that everyone does not really feel the effects of inflation. Because without increasing skills and income in life, it will always be difficult for everyone to fight inflation, including the government.