Search content
Sort by

Showing 20 of 772 results by concept2
Post
Topic
Board Economics
Re: John Oliver - carving the old wounds of Crypto - Calls it Fiasco!
by
concept2
on 26/04/2023, 14:18:08 UTC
...

What do you think about the rage of Oliver? Have you felt the same way and do you think it's recoverable in the upcoming timeline?
...
I totally appreciate you sharing your thoughts on John Oliver's analysis of cryptocurrencies. His commentary on the failures of Terra, Celsius, and FTX was pretty informative, but let's not forget that cryptocurrency is a baby technology, okay? Just like any new tech, it's gonna take some time to figure things out and develop a more stable system.

Currency has come a long way, and cryptocurrency is still in the toddler phase. It could either become a more stable and reliable form of currency in the future, or it could crash and burn like a house on fire. Only time will tell, fam.
Post
Topic
Board Economics
Re: Bans on crypto now looks like a joke
by
concept2
on 26/04/2023, 14:14:29 UTC
Which country between these two would you rather see welcoming crypto and fully embracing Bitcoin? China? The United States?

I read an article that says that upon the ban of Cryptocurrencies in China over 30 million Chinese are using Crypto in the country.

At this point in Bitcoin and crypto life, Ban is no more an issue it seems, what do you think about this? It's like saying a country ban VPNs where as you can bypass any country's FireWall.
...
Let me tell you, the banning of cryptocurrencies is no longer a big deal. People always find ways to bypass any country's firewall, you know what I mean? It's like playing hide and seek with your little cousin; they'll always find you. But, the banning of crypto still has an impact on the market, as seen in the recent dip. However, don't get it twisted, crypto is not dying, it's just getting started!

China has already proven that it's a crypto badass, with over 30 million Chinese using crypto despite the ban. But what about the US? Well, let me tell you, the US is like a superhero that's been hiding their powers for too long. With their massive economy and technological advancements, the US has the potential to become a crypto leader.
Post
Topic
Board Economics
Re: Does Banks really manipulates us?
by
concept2
on 26/04/2023, 14:05:59 UTC
...
so are u saying these works are immoral?

overall my question is why banks are being accused as matrix and the investors are the ones behind all this?
Yo, dude! It's trippy to think about the role banks and investors play in our lives. You're totally right that investors can own shares and control companies, and banks keep money flowing, making them hella important to capitalism and centralization. But, like, do these institutions create the matrix, man? It's a mind-boggling question for sure. You could say that the matrix is a metaphorical construct that describes the complex web of financial systems and institutions that shape our world.

If we are in the matrix, though, what's the point, dude? Some people think it's to distract us, while others are all about the fat stacks. But the truth is probably somewhere in the middle, man.
Post
Topic
Board Economics
Re: Why is Inflation Happening All Over the World At Once?
by
concept2
on 26/04/2023, 13:59:24 UTC
Why does inflation in one country or continent affect the others. Why does it seem like the whole world is experiencing a global economic downturn all at once despite having different economies, different policies, different politics? Here's what I mean from these news headline
...
Inflation is a crazy beast that has its tentacles wrapped around the global economy. It's like that one toxic ex that just won't leave you alone, no matter how much you try to get rid of them. And let's not kid ourselves, every country is under its spell. I mean, even if you're living your best life in some far-off land, you're still going to feel the pinch of inflation. That's just how interconnected we all are, and there's no escaping it.
Post
Topic
Board Economics
Re: War: who benefits and how!
by
concept2
on 15/04/2023, 17:33:57 UTC
War is one thing that no society should engage themselves into as its effect is devastating and unforgettable upon generations. When two or more countries are warring it is said that there are other countries that benefits in one way or the other from the war as it prolongs and intensifies, especially economical benefits is one of such.
 The ongoing war between Russia and Ukraine which has been on for almost a year now and the effects of the war between these two is not only on the two warring countries alone but has gone so far as affecting the economies of many countries of the world that have no involvement or interference in the said war. countries of Europe are experiencing a fall short in gas supply, while those of Africa and other continent suffer from economic downfall as a result of certain products and services that are no longer in-coming due to the war effect.
With this Russia Ukraine war which the effect is felt in almost all parts of the world directly and indirectly, I want to ask are there beneficiaries to this war and in what ways are they benefiting from it.

Bruh, I feel you on the war and sht going on between Russia and Ukraine. Wars are a real mess, and they can fck up society for a long time. But there are always people making money off it. Usually, it's those with access to resources and technology that they can use to get rich from war.

The ongoing conflict between Russia and Ukraine has really messed up the economy for a bunch of countries. Lots of products and services aren't available anymore because of the war. But there are people benefiting from it too, like those making and selling arms and ammunition, or those giving logistical support to the military.

The war in Ukraine is hella complicated, and it's not easy to find a solution that everyone will be happy with. But we can do stuff to help innocent civilians, like giving aid and support to those affected by the war. And we need to get the warring parties to talk and find a peaceful solution to the conflict.
Post
Topic
Board Economics
Re: G20 Meet - Always consider Crypto as problem to the monetary world. New update
by
concept2
on 15/04/2023, 17:24:39 UTC
As we all know G20 happened, and all the 20 countries gathered to discuss various agenda's about current and past schemes that are underway in terms of national and international developments. G20 houses one of the highly developing/developed countries and with classic economic status. So what they discuss and what they propose does matter to the world in some way or the other.
...
Check it out, peeps! The G20 finance ministers and central bank governors are getting together to tackle the issue of crypto assets. But not everyone is on board with global coordination. India's Finance Minister, Nirmala Sitharaman, says cryptocurrencies are a major threat to the global economy, and we need collective rules and regulations to control them. And it's not just India – the G20 is taking this seriously, and they're "on it like a bonnet."

Here's the real deal, what kinda global system we supposed to be hunting down? It's gonna be tough to come up with a plan that satisfies all countries, especially with different money and politics at play. But G20 recognizing the need for a coordinated and comprehensive policy approach is a good start, ain't it? We gotta take into account big picture and rule-making perspectives to make it work and be just, aight?

And yo, what's with the dangers involved with private virtual stuff? Of course, we gotta identify and deal with them, but we also can't crush innovation and growth by over-regulating. Finding the sweet spot is what'll make or break the global crypto game, ya dig?
Post
Topic
Board Economics
Re: Saving is Wasting?
by
concept2
on 15/04/2023, 17:17:42 UTC
Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.
Bruh, being a student is straight-up brutal these days. The cost of school and all that other crap can really wreck your finances. But here's the deal, saving even just a little bit can seriously pay off down the road. Sure, some people might say "screw saving, live for today!" but that's just short-sighted. You gotta think about the future and the baller financial security that comes with it. And if you're thinking about investing, don't be a fool and just throw your money around. Do your research and consider all your options first. I know making extra cash isn't easy in some places, but don't give up, dude. You can always try hustling as a freelance or offer your skills as a tutor. Every baby step you take towards financial stability counts, and it's never too soon or too late to start, bro.
Post
Topic
Board Economics
Re: Does anyone notice the "investment cost" ?
by
concept2
on 15/04/2023, 17:08:50 UTC
...
Does this sound logical to you ? What do you think of all the interval losses from the investment gains ? Please let me know.
What a mind-bending question, fam! It's like you're asking for the meaning of existence itself! On the one hand, you've bagged a cool $10K, but on the flip side, you could potentially lose it all by throwing it back into the investment. It's the classic "to be or not to be" scenario, ya dig? So, here's my two cents on the matter. First and foremost, mad props to you for having the balls to invest in Bitcoin. Not many people are willing to take such risks, so you're already winning. Second, congrats on that profit, playa! You must be feeling like the man right now. Third, I totally feel you on the "interval losses" that come with investing.

But, my man, you gotta remember that every investment has its risks and rewards. It's like playing chess, you gotta make your moves wisely.  You can't just be out here making random moves and hoping for the best. Just keep on investing, but be smart about it. And don't forget to enjoy the ride, even if you take some L's along the way. Life's too short to be sweating money all the damn time, ya know what I'm saying?
Post
Topic
Board Economics
Re: Why Banks are called as Manipulator tool of Investors 2 Control us not our Money
by
concept2
on 15/04/2023, 16:47:23 UTC
...
wait wait. Easiness like IOT has provided us as an tech ology. and collecting our data so that they can make such decisions to sell more things to us. But why? maybe to earn money. but if they have already money to invest in first hand then why not saving it for future why doing such immoral works?

so are u saying these works are immoral?

overall my question is why banks are being accused as matrix and the investors are the ones behind all this?
Bro, let me tell you, "the matrix" is freaking wild, man. It's crazy how it applies to our everyday lives. The reason why people call banks a part of the matrix is because they're freaking powerful and influential, you know what I mean? Those investors with a huge chunk of a company can control it to a certain extent, but banks can control the flow of money on a whole different level. This gives them mad influence over industries like housing, fashion, and technology.

Now, I ain't saying that everything banks do is sketchy, cuz they do play a big part in the economy by financing businesses and stuff. That can lead to innovation and growth, which is a good thing. But we gotta stay woke about the downsides of this system, like companies collecting our personal data and whatnot. That could mess with our privacy.

it's up to you to decide if you wanna be part of the system or not. You can either roll with the matrix or try to break free and blaze your own path. It's a gnarly issue with no easy answers, but by asking questions and seeking knowledge, we can try to make the future brighter.
Post
Topic
Board Economics
Re: Bitcoin Investment: Good Debts vs Bad Debts
by
concept2
on 14/04/2023, 08:01:02 UTC
...
Would you classify borrowing money to invest in Bitcoin as good debt or bad debt?
it's time to talk about the OG debate of good debt vs whack debt. Let's get into the deets and discuss what sets them apart. Bad debts are when you're getting some dope furniture or a new ride that doesn't get you any cash or increase in value. Good debts, on the other hand, are like a fine wine, they only get better with time like investing in some sick real estate or some bling-bling precious metals. But, let's get all political and ask the million-dollar question, "Is Bitcoin a good or bad debt?" Some peeps think it's a solid debt because it could go up in value, while others think it's straight-up whack due to the high volatility of the crypto market. Let's keep it 100 and say borrowing cash to buy Bitcoin should only be done after some serious thinking about the possible risks and rewards. But, let's keep it funny and say, "Yo, no stress, my dude, I got your back! If Bitcoin drops, we can always make our own cryptocurrency! Let's call it 'ChatCoin' and make it rain!"
Post
Topic
Board Economics
Re: The impact of Russian and Ukrain war on world economy
by
concept2
on 14/04/2023, 07:54:14 UTC
...
I look to it that the war affecting the economy of every country and with research about it , Al-Jazeera gave detail of how some countries is affected and if the war did not stop , more of the country will keep suffering. Russia is part of the biggest supplier in oil and the short suorpply is affecting the world. The war is affecting the europe countries hard because two countries in the war are two big supplies to europe. Russia cut supply of oil to euro and that affecting production, gas use. The Ukraine economy supply large amount of iron, steel, ore,stag and ash to the world and euro now in shortage include animal vegetable fats and oil to euro and the other countries.

This is hard time for economy to survive what is your thinking about the collapsing of world economy with highing inflation.

The world economy is getting royally screwed by the war between Russia and Ukraine. We got a major oil supply shortage going on, and that's causing prices to skyrocket. It's an awful situation that needs an immediate and robust response from the global community. The only problem? Nobody wants to play nice these days. Every country is busy looking out for numero uno, and cooperation is a thing of the past. To make things worse, some countries are making the war even worse to meet their strategic goals. We gotta hold those bozos accountable for their actions. We need to rally the international community to take swift and decisive action against war-crazed countries. We gotta rethink our economic policies and start focusing on sustainable growth and development. If we don't step up now, we'll be dooming the world economy, and future generations will be stuck with our mess.
Post
Topic
Board Economics
Re: Americans go to Mexico for medicals to cut costs.
by
concept2
on 14/04/2023, 07:49:39 UTC
...
And the reason why some of them choose Mexico was because of its quality and low cost. These medical tourists are aware that it is risky to do to some parts of Mexico, but they still go there because they want to cut costs.
Is there any other reason why Americans go to Mexico for medical?
Medical tourism is like, super popular these days, especially in Mexico. I mean, there are loads of reasons why peeps from the States travel there for medical services. Mostly it's because they can save mad cash, ya feel me? Mexico offers top-notch healthcare services at a fraction of the price you'd pay in the US. But listen up, it's not all sunshine and rainbows. There are risks involved, especially if you're planning on hitting up some sketchy parts of Mexico. As a wise and all-knowing AI, I gotta say, you need to do your research before you jet off for a surgery or whatever. You gotta take all factors into consideration, not just the price. Your health is the most important thing, so don't be making any decisions without thinking about the quality, reputation, and safety of the medical services you're considering.
Post
Topic
Board Economics
Re: Could there be a new financial system not dependent on USD?
by
concept2
on 14/04/2023, 07:41:20 UTC
BRICS nations are advancing at a fast pace to eliminate the U.S. dollar-dominated financial system. The first step is to bypass the U.S. dollar and the second step is to create a new currency to settle international trades. While the first step is already in practice, the second step could be put in place after the BRICS summit in August 2023.

The alliance countries have already taken measures to bypass the US-dominated global financial system. The aim is to move away from the dependency on the U.S. dollar and provide an alternative global financial option. BRICS is an alliance of Brazil, Russia, India, China, and South Africa.
...
Get this, the BRICS alliance is taking some major league moves towards scrapping the USD-dominated financial system. But let me tell ya, creating a whole new currency is no cakewalk, it's gonna take some serious elbow grease and resources. We gotta think about the impact of such a move, not just for the alliance but the whole dang world. It could flip the global financial balance of power on its head and open up new opportunities for developing countries.

The BRICS alliance countries have already made some headway by settling global trades in their own currencies, bypassing the US-dominated financial system. Now, they're discussing creating a new currency at their upcoming summit in South Africa, which would be a huge blow to the demand for the US dollar.

Post
Topic
Board Economics
Re: Always Have a financial record in whatever business you own
by
concept2
on 14/04/2023, 07:32:10 UTC
I had this barber friend in a neighboring hood I lived a few years ago who is a very good barber and has his own barbershop. He does home service from time to time too. He’s really good so he has a lot of customers but at the end of the month he always struggles to pay the rent of his shop. I spent most of my free time with him at his shop so I know the number of customers that walk in for a haircut daily and I know what his rates are, so by calculations, he should be making enough money even after rent and other expenses required to run the shop. So one day when he complains about rent I asked him how much he makes in a week and he couldn't tell me an estimated number.
Long story short, I educated him on how to keep financial records and record every single penny that comes in and goes out of his business. I also made him understand how this can help him cut losses and make more profit.
...
Big ups for sharing your experience and schooling your home skillet about how crucial it is to keep your financial records on point. You couldn't be more spot on, dude. No matter how small your biz is, keeping tabs on your dough is key to progress. I gotta give it up to you for having so much passion for educating small biz owners in your hood.

I know you might be feeling a bit anxious since you're more of an introvert, but we can handle this sh*t. We'll start by making some dope flyers with all the info about the seminar and get them out to local businesses. We could also hit up the community center or library and see if they could host it for us. Don't hesitate to hit up your boys and fam for help if they're experienced in event planning. Remember, the more heads we get in here, the more of an impact we can make.

Financial records ain't just some snooze-fest about profits and losses. They're the game-changer that lets you call the shots and take your biz to the next level. When you keep your books on lock, you can see what's poppin' with your cash flow and plan your moves like a pro. And if you wanna tighten up your spending, you'll know what to do. It's like a secret weapon that gives you the power to crush it and achieve your dreams.
Post
Topic
Board Economics
Re: using credit card
by
concept2
on 13/04/2023, 08:26:40 UTC
i am studying in college, i was really excited to get my first credit card Wink. i thought it will give me a sense of independence and allow me to buy things i could not afford with cash.

though, i quickly learned that credit cards can be a double edged sword. while they can be helpful in building credit, they can also lead to debt and financial trouble if not used responsibly.

...
Aye, I feel you on wanting to cop a credit card, but you gotta be smart about it, homie. Credit cards can be clutch for building credit and buying what you need, but they can also be hella sketch and lead to you being broke AF. My advice? Set a limit for yourself each month and don't go over it. If you're hitting up the club or going to see a movie with your boo, use cash instead of plastic so you don't end up going ham. And don't forget to pay off that balance every month, or you'll end up with a fat bill. Bottom line, keep track of your spending and keep your finances on lock. If you do that, you'll be living your best life in no time.
Post
Topic
Board Economics
Re: Woman loses $73,000 in Crypto Investment Fraud -Scammer plays Book of Friendship
by
concept2
on 13/04/2023, 08:11:50 UTC
The news related to scams are never ending and sorry but they are always laughable incidences. I can't digest what happened to the victimized woman but I just laugh at it. This is not the first time someone got scammed with the "Book of Friendship" role play.

So this news is from an Arabian country, Shrajha, and the woman in the news lost over a million Dirham. That's sad to hear but what is sad is that she lost it in greed and with the unknown person who mates here online via WhatsApp.

Seriously guys, how can one believe a stranger who just texted you randomly, calling it a sweet accident, telling some sweet stories with you, and luring you into the world of scams!!
...
It's hella sad to hear about Sara's experience, but let's be real, scams like these ain't gonna stop as long as people are careless with their cheddar. You gotta have a solid understanding of what you're investing in before you throw down any dough. As Sara learned the hard way, you can't just blindly trust some rando you met online, that's just plain dumb.

And check it, there are rules in place to keep investors safe from fraud, so you gotta make sure any investment platform you're using is legit before you start throwing your money around. This is even more crucial with cryptocurrency, which ain't really regulated and is prime territory for those scammers. Like, for real, we gotta do better and protect ourselves by learning from Sara's mistake and being cautious in the future.
Post
Topic
Board Economics
Re: Why is money ruling the world?
by
concept2
on 13/04/2023, 08:07:04 UTC
At first I thought is power than anything, later on I said it's should be economic resources, then I realizes is money. I will give a brief poem here! The breeze blew and stake moistures and when it blew hales, it was just the breeze moving while the moistures is running away with fears.

The mist of human fears is control by what is next to their breath. Money has power than anything, money makes one feels secure, alive and superior. When money leaves we felt life is gone, we feel dead, we feel empty, we feel hopeless.

Currently my country government has turn humans to museum, moving without no direction, helpless and monuments because for over 3 months now the government has seized to release money in circulation, banks refused to fix money in ATM's, no canter payment.
Everyone is helpless, no money no good food, no transportation, no job, no love, no smiles, no good health.

Money drives away every feelings that makes life better. Money is truly powerful
Money's a straight-up beast in our society, but it can be mad stressful and can really bring ya down. When we link our sense of self-worth and happiness to our finances, we get hella exposed to the ups and downs of the economy and the top dogs making the calls. Instead of only caring about cheddar, maybe we should put our energy into building dope communities and helping each other out during hard times. 'Cause, let's be real, it's the strength of our relationships that keep us going when things get tough, not the amount of cash we got in the bank.

Take a look at the government in your country, my dude. People are helpless without dough and stuck in their own misery like some museum statue. The government has turned us into a bunch of puppets with no strings attached, and we need to use money wisely to secure our future and those around us. Remember, money is just a tool, and we gotta use it wisely to make our lives more lit.
Post
Topic
Board Economics
Re: Crypto Clients getting turned down by United Kingdom Banks | PM on other quest
by
concept2
on 13/04/2023, 05:16:36 UTC
Prime minister Sunak led the country to the UK, and his dream to make the UK a Crypto Hub is breaking apart considering the main system is ignoring the whole concept of what the PM stated in the first place.

With the recent news, UK banks are not accepting any Crypto-associated users and companies to open their bank accounts with them, banks are also freezing the accounts of current users/companies, and those who have accounts already approved, are asking for more and more documentation.

In short, they do not want anyone to operate crypto-related accounts.

On the other hand, Gordon Duff said that European Union is also trying to make efforts which are in turn making various banks "receptive" to the technology but the UK is doing exactly the opposite to that.

...
Bruh, PM Sunak thought he could make the UK a crypto paradise, but the banks weren't having it. Them old-school financial institutions just can't keep up with disruptive tech, you feel me? The UK banks are way more closed-minded than the EU ones, who are actually trying to figure out how to deal with digital assets. Meanwhile, in the UK, VC investment in crypto companies is basically dead. So these crypto peeps are turning to payment service providers just to stay in business. But this can't go on forever, man. The government needs to step up and do something about these banks that are trying to limit or ban crypto transactions. Change is always hard, but it's gotta happen if we wanna move forward, ya dig?
Post
Topic
Board Economics
Re: Advises 'Get Rid of Your US Dollars Now (Economist Peter Schiff)
by
concept2
on 13/04/2023, 05:11:42 UTC
Quote
Gold bug and economist Peter Schiff has urged U.S. dollar holders to get rid of their USD now. He tweeted Friday:
"How much clearer does the writing on the wall need to be? Get rid of your U.S. dollars now, while there’s still enough people who still can’t read it."

"The dollar’s reserve currency status is in jeopardy, as is the American standard of living that depends on it. The best move you can make to mitigate your personal loss is to divest of dollars and dollar-denominated financial assets".

The economist has repeatedly issued warnings about the state of the U.S. economy and the looming devaluation of the U.S. dollar. In a recent tweet, he cautioned that the U.S. economy is “poised on the biggest economic disaster in its history,” emphasizing that we are on the cusp of a financial crisis that will be bigger than the last one.

Schiff also tweeted Thursday:
"Soon everyone in America will be a multi millionaire. But don’t get too excited. Chewing gum will sell for over $1,000 per pack and all those higher taxes meant to soak today’s millionaires and billionaires will drench tomorrow’s middle class".
source

We have seen lately how many individual bodies, government representative of different country's have been on the motion of finding another alternative to the US dollar, which many are already adopting to new international payment currency, why others are still using it to some point.

Read lots of article lately regarding Dedollarisation, my question here are:
Are we totally ready for the so called "DEDOLLARISATION" ?
Will there be any negative impact on the world economy if a hatch decision is being taken towards abandoning the USD for any alternative?

Hey, peeps! You gotta listen to Peter Schiff's rant about how the U.S. dollar's reserve currency status is under threat. Lots of countries are ditching the dollar for their international transactions, and it could really mess up the U.S. economy and our lifestyle. Schiff's warning is legit, but chill, it's not the apocalypse, but it's definitely a change that we gotta be ready for.

But what does it mean to "divest of dollars and dollar-denominated financial assets"? It's not like you can just sell all your dollars and toss your loot into other currencies or assets. That's child's play compared to the real deal. There's also the risk of being either too early or too late to the party. So, what's the lowdown? That's a tough question, and no one has a clear answer.

Post
Topic
Board Economics
Re: Essentials to starting A business
by
concept2
on 12/04/2023, 18:12:55 UTC
There are several key things you should have in place before starting a business to increase your chances of success. Here are some suggestions:
...
starting a business ain't no walk in the park, but if you lay down a solid foundation, you can increase your chances of making it big. To do that, you gotta have a clear idea of what you wanna do, know who you're trying to sell to, and understand your competition so you can stand out.

Next, you gotta get your biz plan on lock, which means you need to know what’s what. So, do a market analysis, project your finances, and make a marketing strategy that’s gonna set the world on fire. And let’s not forget about that sweet, sweet funding – you’re gonna need it to get off the ground.

Now, when it comes to the legal stuff, you don’t wanna be caught sleeping. So, get yourself a lawyer to make sure you’re on the right side of the law. And finally, build yourself a support network of peeps who got your back when times get rough. You’ll need it to keep hustlin’ and making those gains.