Modern Economic Nonsense — Anonymous cool or fool Anonymous culture is used to be a standard in crypto 🕵. Does it still relevant in today's crypto space? The answer is widely divided 😂! **Is Anonymous Identity bad 😈?** Why keep anonymous or even bother to stay anonymous? https://twitter.com/thedefiedge/status/1502328762452561927 Satoshi Nakamoto, a Bitcoin creator, is anonymous, and nobody knows who he or she or a group of people are. Anonymity is used to be about privacy,…
Modern Economic Nonsense — The market volatility The market goes up and down daily. So if you keep track of the market daily, your heartbeat goes with the market 💓. The market volatility describes how risky the price goes. The higher volatility goes, the riskier it will have. Should you worry about volatility at all? Or should you have to check the market every day to see if it goes up 📈 or down 📉? Here is the hint 🤫: you should not need to! **Crypto Addiction 🚬** Are you…
Modern Economic Nonsense — The money shortage We heard about quantitative easing, which is printing money infinity. The opposite will happen. It is called quantitative tightening ✂️, which shrinks the money from the existing market. We also knew from the beginning that crypto is to prevent the government from reluctantly printing infinite amounts of money to avoid inflation. Still, it does not tell you if the government starts to withdraw money away from the market. What…
Modern Economic Nonsense — The web3 scams or not Is Web3 a scam 🤥? Yes and no. It depends on how you view it 😶🌫️. 🤨 Don't believe it? Let's see Dogecoin instead. Is Dogecoin a scam coin or not 🧙♂️? One of the Dogecoin founder Jackson Palmer said the Dogecoin he was created is indeed a scam! https://www.smh.com.au/business/entrepreneurship/parasitic-why-the-founder-of-dogecoin-thinks-crypto-is-a-scam-20220601-p5aq66.html He argues a new narrative in the cryptocurrency every…
Modern Economic Nonsense — All about debts I mentioned that the most valuable thing in the world is debt 🧾. The reason behind the valuable debt is that, unlike those valuable things, all the prices were the history that one had paid for. Its valuation is unstable and may depreciate, while debt is guaranteed to be paid off within the period under the agreement. The dollar is a debt that the central bank guarantee to pay off and is one of the examples that a piece of paper is…
Modern Economic Nonsense — Metaverse is still relevant or not Metaverse sounds like a loser hideout 👎 rather than the winner trophy 🏆. The younger generation cannot afford anything these days. From education to real estate, everything costs more than they can imagine. So there is no time for them to build up wealth while accumulating anything the previous generation can possess. Metaverse is their hope and imagination that one day they can possess anything that previous…
Modern Economic Nonsense — A Myth of Valuation Many people claim a fiat dollar is worth more than cryptocurrency. Many more people buy the idea of a dollar bill worth more than a piece of paper 🤣! Here is a myth: does a dollar bill actually worth what it claimed to be 💵? What is money then 🤔? According to the Central banks, you can argue that the money is a valuation measurement or a trust-based banknote. ➡️ If you believe the money is a ruler 📏 only, then we can have other…
Modern Economic Nonsense — Inflation becomes irrelevant Inflation is a joke. It is a show country to put and force everyone to pay for it. And the government official has missed the remark. https://twitter.com/1MarkMoss/status/1534578104617738240 A so-called sophisticated understanding of economics just misses the most important task they only need to perform 🤔? Or maybe the government did it on purpose? Why is high inflation beneficial 🤯? We are taught that low inflation is…
Modern Economic Nonsense — A journey of money laundering When UST collapsed, the founder Do Kwon promised the community to revitalize Terra through a new proposal of Terra 2.0 that serves the community solely. But the project looks more and more like a money laundering 💸. https://twitter.com/FatManTerra/status/1535160871000887296 What has been gone wrong 🤔? **Money laundering 1️⃣0⃣1️⃣** There are three stages of money laundering: 1️⃣ Placement You received cash from illicit…
Modern Economic Nonsense — Consumer Sentiment Might Be Low It’s no secret that the U.S. consumer is feeling a bit pessimistic about the economy at the moment. In fact, today’s climate of uncertainty has led to a general distrust among consumers and left many hesitant to spend money on anything not absolutely necessary. With this in mind, it’s important for businesses to be aware of any potential red flags that could signal a decrease in consumer sentiment. The more you know…
Modern Economic Nonsense — Is payment technology still relevant in high inflation environment In a high inflation environment, how can retailers and e-commerce players continue to thrive? A lesser-known but highly effective technology called virtual currency or digital money may be the answer. This becomes even more relevant when you consider that millennials are now the largest generation in the U.S. workforce, with over 75 million of them either being employed or actively…
Modern Economic Nonsense — Recession is coming The global economy is a house of cards. The 2008 financial crisis was just the first sign that things were not well. Since then, central banks have been artificially stimulating the global economy through quantitative easing and record-low interest rates to prevent another recession. But these measures cannot go on forever. When interest rates reach their lowest possible point, there’s no further that they can go down. With most…
Modern Economic Nonsense — We are at the bear market, now what Yes, we are in the bear market 🐻, and it is not very good for digital currency traders. However, this is also an opportunity for new investors to enter the market at a lower price 🍻. There is a saying that 'a crisis is an opportunity in disguise', and this applies perfectly here. The cryptocurrency market has been witnessing a lot of volatility in recent months. The prices have crashed significantly, and most…
Modern Economic Nonsense — Invest like a cat Cats 🐱 are probably the most frugal and intelligent mammals on the planet. They know how to stalk, hunt, and catch their prey, how to ration their food supplies, when to conserve energy and cease all unnecessary activity, and when to give up and go home. In short, cats are natural investors. Investing is not rocket science. It is simply common sense that you would expect from anyone who aspires to become rich someday. Yet most…
Modern Economic Nonsense — Bitcoin leads the market recovery The cryptocurrency market continued to see red 📉 after the recent sell-off. Bitcoin dropped almost 70% from its all-time high of $69,000 in mid-November, while the overall cryptocurrency market cap shed approximately $1.9 trillion. However, prices are showing signs of recovery. The total market cap has tanked below 1 trillion, with bitcoin accounting for almost half of the value. The recent price fall also makes…
Modern Economic Nonsense — The dollar is dying slowly The greenback is no longer the world’s reserve currency ⚰️, and this is becoming evident by the day. Emerging economies are moving toward reducing their exposure to the dollar — some are even willing to pay a heavy price. The nations that make up the majority of the world economy have grown tired of being at the mercy of the U.S., which has used its position as a global monetary superpower to siphon off wealth from other…
Modern Economic Nonsense — The current stock market wants to go back to 2019 The current stock market is backward-looking and pessimistic about the future. https://finance.yahoo.com/news/cathie-wood-we-are-not-overly-concerned-inflation-rates-110205973.html The stock market has been the best-selling soap opera in recent years. Every move, every word, and every frown of the economic actors becomes an excuse to move stocks. In this context, we approach the end of 2021 with…
Modern Economic Nonsense — Today's fear, tomorrow's cheer We all knew the economy is going down 👇, and the best thing is you do not have a choice but to go down with it. What if you have an option to choose not to? The financial world is entering an era of digital transformation, driven by advancements in software, data analytics, and artificial intelligence, as well as the growing adoption of mobile apps and Internet-connected devices. This digital revolution is…
Modern Economic Nonsense — An engineering recession There is a difference between a recession and a slowdown. A recession is when the economy contracts for two straight quarters, not just one. A slowdown happens when the economy grows slower than usual. An engineering recession is when the central bank purposely slows down the economy to fight for issues such as inflation. It's not that economy has any problems caused by any factors but a political movement to sustain the…
Modern Economic Nonsense — The market is broadening rug pull everyone The global stock market has been going through challenging times in recent years, as supply and demand have dipped at different points. However, as is often the case with a volatile industry, this dip has led to opportunities that would not have arisen if the market had stayed at a steady level. The market's diverse nature means that everyone can find opportunities. So how come the market is from hero to…
Modern Economic Nonsense — The self-fulfilling recession The global economy is in a tailspin. To make matters worse, everyone knows it will likely only get worse before it gets better. Consumers are afraid to spend, businesses are afraid to hire, and banks and investors are so scared to invest. In these times of peril, the best way for companies to deal with risk is to cut back on expenditures and remain as liquid as possible. Unfortunately, that’s not exactly what’s…
Modern Economic Nonsense — Crypto is changing the advertisement business The digital advertising industry is growing fast. The combined global market is expected to reach $232 billion by 2020, according to Statista. And with the rise of social media and digital content, advertising has shifted from traditional TV ads to online ads, such as those that appear on websites or in mobile apps. In the last two decades, digital advertising has grown rapidly. In 2018, advertisers…
Modern Economic Nonsense — Blockchain phone Solana Labs is building a Web3 mobile phone 📱. Will blockchain phones change the world by bringing crypto and mobile together? Over the past few years, the market for blockchain smartphones has grown exponentially. More and more cryptocurrency users are becoming aware of blockchain technology, its benefits and its uses. As a result, a growing number of phone manufacturers have begun to launch blockchain smartphones in an attempt to…
Modern Economic Nonsense — Next generation of wealth Personal wealth is now more accessible than ever. It’s easier than ever to start investing, and it costs less than ever to do so as well. The internet has made it possible to invest in stock market directly from your desk and get started with little or no money. However, the way we think about wealth has changed too. It used to be about reaching the top of the financial hill and staying there for as long as possible. Today…
Modern Economic Nonsense — Crypto winter prolonged with high inflation persists It’s been a challenging few months for the crypto world with prices falling since the start of January. However, this has also had an impact on the wider economy, which has resulted in high inflation rates. Cryptocurrencies are considered as a medium of exchange and are not meant to be saved or stored for future use. Therefore, holding cryptocurrencies attracts higher interest rates than holding…
Modern Economic Nonsense — The era of currency debasement In the early 1900s, many countries struggled to pay for the Great War. Germany was no exception. By November 1918, reparations payments had pushed the country's debt to about $25 billion — nearly half its Gross Domestic Product (GDP). Faced with growing national debt and a shrinking GDP, policymakers in Germany turned to another resource abundant in their country: its central bank, the Bank Deutscher Länder (the…
Modern Economic Nonsense — What if the Fed gets inflation all wrong There's a lot of news about the Fed getting inflation wrong, but what if they really are wrong 😱? People should be asking themselves as the Fed begins its new meeting cycle. The central bank raised interest rates aggressively for the first time since 1994 and signaled more hikes could be coming soon. But that doesn't mean we are set to see an end to high inflation. It just means that we need more aggressive…
Modern Economic Nonsense — The Bitcoin apocalypse is coming The world is changing at a rapid pace. The digital revolution has transformed the way we do business and interact with each other. More and more people are getting used to using digital currency as a payment alternative and a hedge against inflation. The rise of cryptocurrency and blockchain technology has created a new phase in which traditional banking systems face new challenges. Bitcoin, the first decentralized…
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