View this post on Hive: South Africa Technical Recession
South Africa Technical Recession
6 years ago by joanstewart (65)
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I feel this post is incomplete. Because the world is not in recession now. There are some signs which might trigger recession at some point of time in near future.
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South Africa is in a Technical Recession as of 2 days ago @kcherukuri This content refers to my country with problems we are facing currently.
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Here in Venezuela we have several years without growth of P.I.B and the truth is a very serious problem. With the incursion of the Blockchain technology we have been able to.
Upvoted and resteemed @rocaxel Id Kryptonia.
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Blockchain Technology is still in infancy, developing a coin is one thing, having the coin adapted into every day use is another. We who show interest need to think of solutions to use in regions, watching with interest how Venezuela puts Petro into everyday living @rocaxel
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Congratulations @joanstewart ! You received a 11% upvote from @kryptoniabot & @kryptonia for your task of 4500 SUP Today.
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Bitcoin is the only way out.. And it is only for a short i am sure the SA government will work on it pretty fast.....
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Future using new technology to wipe out areas where corruption advanced to state capture would be one step in the right direction @awosode
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cryptocurrencies to me seem the right way out of recession
it's obvious. lets watch out
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Employment is desperately required, education into blockchain technology and cryptocurrencies would open new avenues would assist @iambrodalee
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Bitcoin and the blockchain is the only way out of this banking mess
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Blockchain technology is what attracted me to investigating, banking concepts are on old technology. It will be interesting to see how this will evolve within the next few years @ianstevenson
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Bitcoin is the main source that we will be pray to win the judgement in the court at on the 15 of this month September
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Indecision via politicians/bankers makes matters worse for people at the moment @bodymaual
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Congratulations! This post has been upvoted from the communal account, @minnowsupport, by Joan from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
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The current state of our country makes me very sad most days. I completely agree with you on the education point. This is one of the major parts that has suffered under our current government.
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Government has asked the people to think of ways in assisting each other, educating people into new ideas should be a good route to follow @jusipassetti
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Upvoted and resteemed this great post, please keep it up and going. From kryptonia @chetachi26
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Thanks for continued support @cryptocheta
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Crypto is definitely the way to go and most likely the major markets see the writing on the wall and are trying to stymie crypto currencies efforts for as long as possible to line their coffers as much as possible while silently getting in on the deal. We end up having to tighten our belts while they work it out to their best advantage.
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Agree totally on your analogy @the-witty-waiter
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You said it all. I was telling a friend about cryptocurrency, the only conclusion he gave me is that it is a scam. People are still ignorant about this blockchain technology.
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Many scams are evident, people are extremely cautious, personally find it easier to explain as blockchain technology rather than add the word crypto into the explanation @blogjeremiah
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This article is great and a good way to pass out vital information to the world especially the Africans nations going through a lot of hell in governance and policy formation. I solemnly agree with you that cryptocurrency is the best way to go, we need to start looking towards it because is far safer compared to fiat currency. Blockchain can bring liberation out poverty with one determination to invest rightly, he would be smiling during times like recession. Thanks for this, i have resteemed asap. @fisherman
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Possibility of moving digital money in Africa would help many migrant workers avoid excessive bank charges. It could open new doors into taxi trade, not having to carry cash and being held at knife point for your fiat cash.
Any possibilities via blockchain technology using contracts could secure business over borders in payments, contract of agreement, purchase of land/registration. Birth/death statistic records keeping, voting the ideas are endless, it is putting this into practice @peterecheng
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Oh wow, you re quite right but sometimes i wonder why we have leaders that re not innovative. Blockchain technology is the best area to cub bad leaders from stealing and giving a good standard in statistics.
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Bitcoin and the blockchain is the only way out of this banking mess
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Banking systems have worked well for many years, blockchain technology would assist is reducing fees, make transactions safer and faster it will all depend on how it is implemented, as I see it currently @maryresp
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Informative article @joanstewart👍 Thanks for sharing.
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Glad you enjoyed it @mrsbeetroo
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It's a big concern for all South Africans! I agree people really need to learn more about cryptos but many are so very anti it due to ignorance!
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Young generation is more adaptive into new ideas (start feeding young minds), unemployment is rife in 18 to 35 year old youth. New technology should open doors if introduced, as always watching out for scammers that are everywhere.
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Upvoted and resteemed. Thanks for sharing this great post. from kryptopia id ericet.
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Thanks for positive feedback @fiveguys
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I am not sure which crypto currency will be used but I still think gold and silver will be part of the new currencies that will be used in all counties.
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Metals have good value, found this article the other day an interesting read https://blokt.com/news/op-ed-multi-token-connectivity-is-the-next-step-for-global-blockchain-adoption
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@joanstewart the problem that I see is that accountability is to be avoided at all costs over here! Blessings!
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Exactly what needs to be curtailed is the lack of accountability going forward, making everyone accountable throughout society @papilloncharity thanks for input.
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I Am Agreed On Some Points Like Block chain and Crypto are Future For Many Counties including Countries In Africa
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New technology opens new ideas, young people should be involved to grow a better future @orakzai
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This is a very great article and you really did a good job here
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Glad you found it helpful @geesunge
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Joan, good luck and success to you and your country!
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Thanks Elena, it is going to be a tough road ahead.
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Ugh, recession, again. What more can I say. The weakening of the rand has had quite a negative impact on our industry. Anyhow, it happens and let's hope better leadership going forward will help stabilise our currency a bit more.
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When the going gets tough, the tough get going, let's hope not for too long!
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When the going gets
Tough, the tough get going, let's
Hope not for too long!
- joanstewart
I'm a bot. I detect haiku.
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Your post was resteemed by @resteemza
Please upvote this reply to help us grow
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