Do you still remember Musk, Cao Dewang and other bigwigs for 2024?
Last year, Musk issued several serious warnings that the global economy was about to experience a severe recession and a great depression was coming.
Cao Dewang, a famous Chinese entrepreneur and CEO of Fuyao Glass, also recently said again that the economic situation in 2024 will be more severe, "don't lie to yourself, tomorrow will be better......."”
After three years of economic downturn, many people believe that the economy has bottomed out and will usher in a recovery this year.
However, the warnings of these entrepreneurs and bigwigs in the economic circles are by no means groundless.
Because, in the next step of the economic crisis, there is also the monster of the Great Depression, ...... with a bloody mouth wide open
So, what did the Great Depression look like?How do we deal with it?Looking for a response to the Great Depression of 1029 in the United States
The Great Depression, which swept across the United States, began on Wall Street in New York City. On October 29, 1929 – also known as "Black Tuesday," New York** completely collapsed, marking the beginning of the decade-long Great Depression. During the "Great Depression", the United States presented ten typical phenomena as painful historical lessons, which are worth reading:
1. Ordinary people are unemployed in large numbers, and unemployment is a significant feature of the Great Depression, and the unemployment rate in the United States was as high as 25% in 1931.
2. Overproduction, underconsumption, the poor cannot afford to consume, the middle class does not dare to consume, and the economy spirals downward.
3. Collapse, bond market collapse, interest rates, factory closures, or cuts in workers' wages, and a drastic change in the mentality of the group.
4. Landlords evict tenants who have no money to pay rent, and young people live on the streets or seek refuge with their parents.
5. A large number of women are unemployed, and the number of women who have lost their footing has increased.
6. The fertility rate has declined, and they don't want to have children, or even refuse to get married.
7. Men no longer pay attention to appearance, bearded and unshaven, women in the family, and women who keep their jobs, no longer pursue fashion, return to traditional aesthetics, be more conservative, and go against the tide of social development.
8. The masses socialize less, and people mostly use cards, chess, and low-cost movies to spend time and spend more time with their families.
9.Reverse urbanization emerged, returning to the countryside, farming more finely, obtaining food and surviving.
10. Lack of spirit, a great increase in the number of mentally ill people.
Do you have a sense of déjà vu?
Yes, all economic crises lead to these problems, and many of them are already beginning to emerge.
If we are really going to have a Great Depression, what will ordinary people do?A few practical survival strategies to prepare for the worst-case future
1. Save money, save money, or save money
If you don't have an absolutely stable income (such as civil service salaries, etc.), it is important to build an emergency savings fund in case the unforeseen happens. In this way, even in the event of an emergency, there is a certain amount of economic security.
To put it simply, it's about saving money, and in this difficult time, don't ** tomorrow will be better, even if it's really a good wish!
2. Save life and lower the budget
When you can't open source, you must pay attention to throttling, and do your best to let that poor "emergency reserve fund" help the whole family through the difficulties. Only by living can there be hope!
The Great Recession meant rising unemployment, reduced incomes, business bankruptcies, and a slowdown in overall economic activity. In order to protect their financial security, the average person must first pay special attention to saving and budget management. In addition to reducing unnecessary expenses, you should also make a realistic budget according to your own situation and strictly implement it.
In the vernacular, it is to control the desire to consume downgrade, and it is an active consumption downgrade.
3. Put down your body and diversify your income**
During the Great Depression, relying on a single income** was very dangerous.
As a result, the average person should consider working part-time or developing a side hustle to supplement their income** and provide additional financial security. You can find a part-time job or side hustle that suits you through the Internet and accumulate wealth in your spare time.
Don't be trapped by the achievements and glories of the past, after all, the past is gone forever, and vanity must make way for survival!
4. Maintain good mental health
When times of economic hardship, feelings of stress and anxiety can multiply, and many people become overwhelmed with mental illness, as evidenced by the overcrowding of psychiatric hospitals over the years.
Therefore, it is important to maintain good mental health, and to find ways to cope with stress, you can relieve stress by exercising and communicating with family and friends.
In fact, economic downturns are a good time to upgrade their skills and learn new knowledge, and ordinary people should use this time to improve their professional capabilities and competitiveness, and expand their knowledge and skills by attending training courses, continuing education, or self-study. Then, quietly wait for the day when the economy recovers, opportunities are always reserved for those who are prepared, so why not prepare now?
Finally, to end with the famous quote of Gorky's "The Petrel": "Dark clouds cannot hide the sun......"Be prepared to deal with the Great Depression even if it happens!
Do you still remember Musk, Cao Dewang and other bigwigs for 2024?
Last year, Musk issued several serious warnings that the global economy was about to experience a severe recession and a great depression was coming.
Cao Dewang, a famous Chinese entrepreneur and CEO of Fuyao Glass, also recently said again that the economic situation in 2024 will be more severe, "don't lie to yourself, tomorrow will be better......."”
After three years of economic downturn, many people believe that the economy has bottomed out and will usher in a recovery this year.
However, the warnings of these entrepreneurs and bigwigs in the economic circles are by no means groundless.
Because, in the next step of the economic crisis, there is also the monster of the Great Depression, ...... with a bloody mouth wide open
So, what did the Great Depression look like?How do we deal with it?Looking for a response to the Great Depression of 1029 in the United States
The Great Depression, which swept across the United States, began on Wall Street in New York City. On October 29, 1929 – also known as "Black Tuesday," New York** completely collapsed, marking the beginning of the decade-long Great Depression. During the "Great Depression", the United States presented ten typical phenomena as painful historical lessons, which are worth reading:
1. Ordinary people are unemployed in large numbers, and unemployment is a significant feature of the Great Depression, and the unemployment rate in the United States was as high as 25% in 1931.
2. Overproduction, underconsumption, the poor cannot afford to consume, the middle class does not dare to consume, and the economy spirals downward.
3. Collapse, bond market collapse, interest rates, factory closures, or cuts in workers' wages, and a drastic change in the mentality of the group.
4. Landlords evict tenants who have no money to pay rent, and young people live on the streets or seek refuge with their parents.
5. A large number of women are unemployed, and the number of women who have lost their footing has increased.
6. The fertility rate has declined, and they don't want to have children, or even refuse to get married.
7. Men no longer pay attention to appearance, bearded and unshaven, women in the family, and women who keep their jobs, no longer pursue fashion, return to traditional aesthetics, be more conservative, and go against the tide of social development.
8. The masses socialize less, and people mostly use cards, chess, and low-cost movies to spend time and spend more time with their families.
9.Reverse urbanization emerged, returning to the countryside, farming more finely, obtaining food and surviving.
10. Lack of spirit, a great increase in the number of mentally ill people.
Do you have a sense of déjà vu?
Yes, all economic crises lead to these problems, and many of them are already beginning to emerge.
If we are really going to have a Great Depression, what will ordinary people do?A few practical survival strategies to prepare for the worst-case future
1. Save money, save money, or save money
If you don't have an absolutely stable income (such as civil service salaries, etc.), it is important to build an emergency savings fund in case the unforeseen happens. In this way, even in the event of an emergency, there is a certain amount of economic security.
To put it simply, it's about saving money, and in this difficult time, don't ** tomorrow will be better, even if it's really a good wish!
2. Save life and lower the budget
When you can't open source, you must pay attention to throttling, and do your best to let that poor "emergency reserve fund" help the whole family through the difficulties. Only by living can there be hope!
The Great Recession meant rising unemployment, reduced incomes, business bankruptcies, and a slowdown in overall economic activity. In order to protect their financial security, the average person must first pay special attention to saving and budget management. In addition to reducing unnecessary expenses, you should also make a realistic budget according to your own situation and strictly implement it.
In the vernacular, it is to control the desire to consume downgrade, and it is an active consumption downgrade.
3. Put down your body and diversify your income**
During the Great Depression, relying on a single income** was very dangerous.
As a result, the average person should consider working part-time or developing a side hustle to supplement their income** and provide additional financial security. You can find a part-time job or side hustle that suits you through the Internet and accumulate wealth in your spare time.
Don't be trapped by the achievements and glories of the past, after all, the past is gone forever, and vanity must make way for survival!
4. Maintain good mental health
When times of economic hardship, feelings of stress and anxiety can multiply, and many people become overwhelmed with mental illness, as evidenced by the overcrowding of psychiatric hospitals over the years.
Therefore, it is important to maintain good mental health, and to find ways to cope with stress, you can relieve stress by exercising and communicating with family and friends.
In fact, economic downturns are a good time to upgrade their skills and learn new knowledge, and ordinary people should use this time to improve their professional capabilities and competitiveness, and expand their knowledge and skills by attending training courses, continuing education, or self-study. Then, quietly wait for the day when the economy recovers, opportunities are always reserved for those who are prepared, so why not prepare now?
Finally, to end with the famous quote of Gorky's "The Petrel": "Dark clouds cannot hide the sun......"Be prepared to deal with the Great Depression even if it happens!