It is tough to go through bear markets. The same is true for economic downturns. There are real world consequences, namely people loss their jobs and also money. So this is not taken lightly.
In this video we discuss how that, in spite of the pain, this is good for the overall health of both the economy and markets. We need the cleansing period to clear out that which is swallowing up resources yet not adding overall value. In the economy, these rea known as zombie companies.
So while the bear can be tough, especially right now, the cryptocurrency industry will be better served. We need to get rid of the excess that is not very strong to begin with.
▶️ 3Speak
Hey, I would like to interview you. Would you accept the invitation ?
Sure hit me up on discord and we can set up a time if you want.
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A deep purge of all the toxic elements to the worlds economies even the U.S is heavily needed. You see the people have to realize that who we vote to be our leaders literally determines our future!! Crypto is just one aspect as it ties into the economies as well. The elite know this. Yes it's decentralized but with dollars or whatever currency flowing in changes the dynamics of how the dollar is affected. Peace and good post!!
I would say this truly has little effect since no matter who gets in office, it is always the same.
Sadly, for 20 years we have been dealt with "leaders" who feel recession is a bad thing and intent on believe they can stop the business cycle.
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Your correct, but you have to remember it's sad but they're is a major agenda being manifested. I truly think a lot of the politicians are pupets for the "true world leaders" if you catch my drift (the elite rich) who can do things an ordinary blue collar cannot.
That is true.
At the end of the day, it is mostly the bankers in charge. The ability to print money is very powerful and that is what the international banking system came from.
So yes they are puppets, not the true ones in power.
As always follow the money.
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This is where new wealth is created. great times but hard for some too. but those who ride it out are winners
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Without a doubt. Shed the losers and pile into the winners.
Easier to pick them out when the selections is reduced. We will see more resources going towards what survives (that is until the wackiness of the next bull market takes over).
Rinse and repeat.
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Let's say that it is a selection process so that those of us who really believe in this great change continue and those who do not stay
Not sure I am following what you mean.
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Getting rid of the fat and pushing the money towards more productive or innovative projects is a good thing. I just wish it would happen more with the zombie corporations in the current financial system because they have become too big to fail
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It’s definitely like going on a strict diet, albeit forced, after gaining a few hundred extra pounds. It’s never fun and has some negatives to it but we need to get back in shape to be better positioned for the future. Especially a future where they are going to try for CBDC’s. I’m actually going to work on sending out emails to banks, businesses and politicians soon to let them know CBDC’s are pure evil and they need to know that now so we can fight back against them.
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We need the cleansing period to clear out that which is swallowing up resources yet not adding overall value — and this ain’t child’s play as it seems this cleansing period is elaborate and so time consuming . Tough times don’t last , hey !
Summary:
In this video, Task discusses the concept of "no pain, no gain" in the context of financial and economic systems. He explains that recessions and bear markets, though challenging, are crucial for the cleansing and strengthening of economies. Task emphasizes the necessity of allowing inefficient or non-performing entities to fail in order to make room for healthier, more sustainable businesses. He applies this concept to both traditional markets like the S&P in the US as well as the cryptocurrency world, mentioning platforms like Celsius and BlockFi. Task also touches on the shift in investor focus from growth to profitability, citing examples like Uber, Airbnb, and SPACs. He concludes by stating that while these market corrections can be tough, they ultimately lead to stronger economies, companies, and industries in the long run.
Detailed Article:
Task delves into the analogy of "no pain, no gain" commonly associated with physical fitness but applies it to the financial, monetary, and economic realms in this video. He begins by debunking the negative perception of recessions and bear markets, noting that while they are challenging, they play a vital role in the health of economies by acting as a cleansing process. Drawing a parallel to physical exercise, Task highlights how just as physical pain from exercise signifies improvement, economic pain from market downturns can lead to stronger economic fundamentals.
He criticizes the prevalent notion propagated by institutions like the Fed, politicians, and financial media that pain in the market needs to be immediately alleviated, arguing instead that such pain should be allowed to run its course for long-term benefits. Task contends that the removal of "zombie companies" that serve no purpose other than draining resources is necessary for overall economic wellbeing, drawing attention to the bloated nature of certain sectors and companies.
The discussion extends to the crypto world, where Task mentions over-leveraged platforms like Celsius and BlockFi facing challenges due to excessive debt and inefficiency. He advocates for clearing out such projects and developers working on unsustainable endeavors to make room for more impactful and lasting initiatives.
Task then shifts focus to traditional markets, highlighting the change in investor sentiment from prioritizing growth to demanding profitability from companies like Uber and Airbnb. He points out the shift away from continuous subsidies towards a more sustainable business model, citing the example of Uber raising its rates due to investors no longer willing to subsidize losses. He predicts that companies reliant on subsidies will struggle to survive without a shift towards profitability.
The video concludes with Task emphasizing the necessity of market corrections, regardless of the short-term hardships they bring, to pave the way for stronger markets, economies, and companies in the future. He affirms that the removal of inefficient companies is a positive step towards fostering resilience and sustainability in the business world, ultimately leading to a healthier economic landscape.