Looking Into Past .:. Late Night Blogging
A few days ago, I was chatting with friends in Discord and we began the discussion when I share this post by @onwugbenuvictor! I liked it as I like irony, sarcasm, and instant karma and that was a perfect example of that... You attack someone else, and you get hit by your "own medicine" back...
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After that post, we jumped on the topic of inflation... As I had some painful memories from my "younger days" when I lived in hyperinflation surroundings, I shared one very good educational video that I found a couple of years ago on YouTube... As it is very useful for everyone, I will share it here with you too...
Let's say that that video is perfect for the "first class"... Maybe I have shared it once here on HIVE, but it's not a bad thing to watch it again and remind ourselves how economic machine works...
The thing with YouTube is that when you find one good thing, in your suggestion window, you get some other videos and you go deeper into the rabbit hole... As I liked the first video by Ray Dalio I had to check out the second one that you can find under...
As for the latest events with bank collapses, this was another eye-opening for me and I'm sure it will be for you too... It's interesting that we don't have to be prophets and try to "look into the future"... More important is to look into the past as many things are repeating over and over again... Why? Well, I suppose that we humans have certain things written in our DNK and we tend to do the same mistakes and behaviors through time... It looks like we transfer that to our children...
In this (second) video, you will find how big empires fell after almost the same timeframes on multiple occasions... To my surprise, they collapsed following the same "events"... It's almost like with that Wall Street Cheat Sheet where every chart is moving the same doing cycles...
www.wallstcheatsheet.com
Don't forget to check out both videos... I'm sure that you will learn something new that you didn't know and it will help you (it helped me) a lot in understanding why certain things happen in the same order... By knowing that, you will always be 1-2 steps in front of others and that can give you a huge advantage!
Thank you for your time,
~ph~
PS. This is NOT financial advice
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In my country, Pakistan this time inflation is turned into hyperinflation and it's relatable to our recent time
That's bad... And I suppose that it happened suddenly... I mean, inflation is going up slowly, and then suddenly, you got hit by hyperinflation...
Try to build your crypto portfolio, it could save you from hyperinflation!
!LUV
!PIZZA
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That is certainly a very nice educational video. thank so so much. learning something about economic. : )
!PIZZA
Don't forget to check out the second one too! It is crucial for exactly this and the next couple of years!
Thanks!
!LUV
!PIZZA
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When we all meet friends, we also talk a lot about Bitcoin and Pakistan's economy. As we have seen in the last few days the three major banks in the US have all gone and this is very bad news for those who used to use Bin I have been in crypto for almost two years. At this point, people's trust are completely over the top of the bank. The way we see people are putting their money inside the Bitcoin now.
It is great to see that people have realized that banks don't care about them and the only way to protect yourself, everyone should take their own destiny into their own hands... At the moment, in my opinion, crypto is the right way to do it...
Thanks for checking out my post!
!PIZZA
Post that I fully share friend! When I met cryptocurrencies in 2016 and I experienced the first bull run without knowing the sector, I lived every moment as I read it described in the image. Right away I never approached finance and market cycles with cryptocurrencies, not knowing one or the other, I practically played roulette, without knowing what I was doing and I got hurt.
So I started studying finance, to better understand the management of emotions, to consider the past, cycles and recurring events. I still have a lot to learn, so much, but now I live everything differently, because I have more awareness and I know how to analyze instead of letting myself go into euphoria or panic.
Very interesting and useful post for everyone, novices and not. My best regards. !PGM !LUV !BEER
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I got into crypto in early 2017, so I got that "bull feeling" when I bought dozens of shitcoins in a hope that they will Moon... After that, 2018-2019, were the worst years of my life... So, it was a rollercoaster, for sure...
What amazes me the most, is the second video that I shared, where the biggest empires had the same "life stages" as we humans!
Thanks for the comment and I'm glad that you find my shares useful!
!LUV
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For me it was very similar, I remember my steemit wallet had gone from $500 to 10k in a couple of months, then I waited hoping for something crazy and everything went back down :). But at the time I was desperate, I didn't know what had happened, instead it was normal.
The speech on great empires is very interesting, I will go into it further, because it is very fascinating to me. Have a nice day ;). !PGM
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It's a pretty good video that explains the economy and how it works. It does a really good job explaining how credit and debt works.
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It is! When you watch a TV and they are talking with "complicated words" to confuse the audience, but in the nutshell, it is simple as it's explained in the video!
!LUV
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We just had a morning discussion about the current banks situation, bookmarking this for the evening hours!
Thanks for the comment! You will be amazed at how great these 2 videos are! I learned a lot from them and you know that we had "hard lessons" in the real life in our country...
!LUV
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They arrived right on time, I'm searching for documentaries these kind of type lately. :D
Oh yeah, those times will never be forgotten and you wouldn't belive how similar today is.
!LUV
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The psychology being used in the markets cannot be underestimated. The question is, why would they show us that the banking system was unstable?
I don't know the real answer, but there are many possibilities...
a) They don't care at all if you know it or not, as you can't do anything (EGO grows) as they are too powerful...
b) It is impossible to hide it anymore as the shit comes to the surface...
You can add c, d, etc... 😃
!LUV
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It is always good to remember how the debt markets work. You have to be attentive to current affairs but not let it condition us in our decisions.
!CTP
It is harder and harder to recognize the truth these days... There is a lot of noise, and you are right, we have to ignore it and search for the truth!
!PIZZA
YouTube rabbit holes are one of my favorite passtimes.
The financial system explained is definitely cyclical, it's all a matter of how much you zoom out to see the patterns.
And then also approach things logically and rationally, instead of emotionally.
!LUV
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Oh, yes... It's amazing how most of the events are repetitive... When you figure out the cycles and timeframe, it's like "breaking the game" and the result is easier navigating through bad (and good) times...
!PIZZA
I get what you mean, like viewing events beyond the fourth wall.
!LUV
Yes, I watched both of those videos. They're very cool. My mind changed almost immediately). And by the way, you're right, you should revisit it from time to time to refresh some feelings and concepts)
!ALIVE
!CTP
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Thanks for the comment and I'm glad that you liked them! As I'm getting older, I do need to check things more often and remind myself of certain things... lol...
!PIZZA
When I look at the traditional media these days, I have like the feeling that the economy is totally unrelated to the real economy nowadays... That doesn't seem to make sense but it's like the FUD of people is actually generating the market colapse of some banks and Media just fuels that with their sensentionalisme. So what makes the market plunge... it's not the economy it's the FUD and crazyness of today's world. Well, one could say that this is the economy of these days lol
I suppose that NOBODY knows how bad (or good) is the economy... Everything is fake nowadays... lol... And every piece of information is served from one source, which is the biggest concern... I remember the movie Underground where people went underground while it was a WW2 and they were lied for years and years that war is still on the surface and that it's not safe to go out...
It was the same story as today... Being informed from one side, you don't have real information which was the case in that movie, too...
PS. It is a crazy Serbian movie, but it is worth watching... :) It won Cannes Film Festival Palme d'Or!
!PIZZA
History is full of empires collapsing... that which appeared inconquerable became nothing much, almost overnight. It is somewhat predictable when you analyze events and make comparisons. We are on the precipice of yet another collapse...
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Oh, yes... That was exactly the topic of that second video... Empires build up for a long time, but usually collapse much faster...
!PIZZA
I'm glad you liked my post, and for the mention buddy.
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You are welcome! Thanks for inspiring me to dive even deeper into the rabbit hole...
!LUV
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You are welcome buddy.
The video is quite helpful for a naive like me. I think i was able to learn somethings about how debt comes up
Great to hear that you learned something new! That's always a good thing!
!PIZZA
Nice sharing! Bitcoin is up again! Whee!
!LUV
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Thanks! It is up! Lets see how far it will go this time... :)
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