Started prepping October 2019 after looking at the Global Debt Clock..... Minus trillions. Knew 2020 was going to be financially a train wreck... Virus sped it up. ..... And me just a Welsh nobody with no qualifications..... Makes me wonder how people vote people in that know nothing.
@@rmcd823 Not at all. The cause has been waiting for over 5 years, it needed a trigger to set things off. If it hadn't been Covid it may have been the Oil Price war, cold war, any minor shock.
According to baby boomers it is millennial dreams - Baby boomers - "You ain't doing nothing and you are acting like you are saving the world. Think bout your future son. You ain't going to get noting by slipping on couch and watching TV all day" Millennial - "Doctor are saying to stay home. So I am staying home. Can I watch TV I am bored by doing nothing whole day" Baby Boomer - "Yeah, I ain't trust those so called doctor. I have my Jesus with me and I believe in Trump"
You're conflating the stock market's prices with the economy's recovery. The stock market will recover on the speculation of a future recovery, the economy will not.
NetMage11 So woke, just like how people who teach math and engineering don’t understand math and engineering because they aren’t inventing or discovering stuff.
NetMage11 PhD means a lot if you follow the syllabus of German or Soviet economics, not the Anglo American economics. I did a PhD in economics in the university of Birmingham which used to have a programmer called National Economic Planning which used to follow the Russian Syllabus but Mrs Thacher closed its down.
Indeed. Its the confidence put forth by the market that the listed companies' equites/shares are profitable and has growth potential in the future--thus the "going concern" principle. This principle HOWEVER barely (or never) take into account worst case economic scenarios like this one since these kind of events (ie. pandemic) are not statistically common and are not within the forecasting model. COVID pandemic is a surprise for everyone and, sadly, to our economy too. Its only natural that global economy will crash due to lockdowns and even into a level thats unprecendented in our history if this conditions persists (aka. next depression in a global scale).
The economist could do a bit more by focusing on the developing economies which are a crucial link in the global supply chain as well as an inevitable market force on the demand side.
Jecky Mendiola because there has to be somebody at the bottom of the pyramid... if you want your wealth, than you have to steal it from many others... in order to built yourself up, you have to break another man down... thats how capitalism and hierarchies function...
Here comes the manual labor class complaining about what they do not know. Tell me how come someone who has financial assets, such as stocks, gets richer from this? If they own companies, these companies will sell less, and the stocks plumber, losing value. How is this getting richer? You can argue that they cannot get poor, they'll still be rich, but if they could choose, they'd choose a time without crisis.
@@mrconor6842 Yeah I got that it was a joke, no need to r/whoosh me. However I have never seen a "closed due to coronavirus" sign anywhere. They don't exist.
In the case of right now COVID 19 reaches 1m cases : market goes up Millions lost their job: market goes up Asteroid hits the earth: market reaches new high
I don't get how people separate "people" and "The economy" like this, the health of people and the economy are one and the same, you can't fund hospitals without taxes and you can't get taxes without business. The only way to pull through is to pay with inflation, which even as an Austrian I admit isn't a terrible idea given the circumstances, not much different to war really.
The majority of funding actually comes from monetary money in places like the EU USA and China because of how strong the currency is but in smaller countries it's a mix of the both taxes and printed like in south east Asia and Africa
You are wrong. Markets care more about money. Governments are putting money into the economies...more people are dying...markets bounce up. Theyll go down when they want more money.
@@Swift-mr5zi ohhh ok I think I get u now Inflation can actually be healthy for an economy in small amounts although the inflation rate rn isn't that healthy
@@slgwdhhsbsnjs Well I'm an Austrian economist so I believe that this stuff causes businesses cycles but in the case of an emergency I would permit it to a certain extent.
To be able to finance an appropriate response to the pressure that COVID-19 has excreted on the ceiling of financial resources the EU will modify the purpose for which the available “appropriation under the global margin for commitments” can be used for growth in this economical recession. Take part in any investing service and earn from home.
I’ve been learning about stocks now for about two days and I was curious. Why don’t you start buying stocks when everything is down before it goes up, just to get a head start ?
A diversified investment strategy is definitely the way to go there are stocks/forex tradings that are doing well even in these times and trading options is very essential right now for your portfolio. This is a time where you might wanna consider hiring the services of an experienced traders/ investment adviser. My trader who handles all trading portfolio ensures lucrative results, they are well diversified in order to minimize the risks and optimize profits, steady profits. I already received my monthly earnings last month and I’m sure this month won’t be be any different given the progress that has made so far on my portfolio account.
I live in Branson Missouri, We had a soul pass yesterday, he was in the hospital for something else. Upon his death, they did a covid test which came out positive. The nurses were not wearing ppe because the supply is low, and they thought the guy was safe . now we have a situation where 50+ nurses and other medical staff have been exposed. We need help getting ppe so bad do you know of anyone that can help us?
I remember being a teenager in the 90s and early 2000s. Its hard to fathom how fast this world spiraled out of control in the last 20 years. Only one answer to retain your sanity in these times : G-D.
@@kadir9629 my friend, you probably work online for a company that serves other companies or people that server other companies or people...... and if some of those companies fail your company fails, thus you have no job. You: cries nonetheless
If we follow the golden ratio of 5:1 A, 3 month pandemic should recover in 15 months. Back to where it was before the pandemic. So if we have a 6 month lockdown , we will be looking at 30 months recovery....almost 3 years.
Look at the question. "How bad will it be for the economy"? The 1% economy? Those whose lobby money made the illegal, legal? Those who created the biggest inequality on earth? I hope they go through a 'French Revolution' moment.
Would be nice but won't ever happen. They have too much power and influence. Look at the U.S. election for christ's sake. 350 million people and two people in the running to lead us is dumb and dumber. Poor and middle class at best are posting snippy Facebook memes. That's it. That is the extent of our ability to change anything. The wealthy 1% are undoubtedly laughing at how comically powerless we are.
James Pearle it’s because we have a new program... now we’re ALL individu-ALLS... this is how divide and conquer looks... global capitalist economy... millions and billions of people completely segregated in every aspect of self perception and identity that even beginning to work together, not dependent on the system, is unimaginable... we can’t even think of a world without money... because then how would we have slaves ... I mean employees who make minimum wage work at the grocery and clothing stores so we can buy a bunch of garbage! And then how would we get someone to throw that garbage away for us?... the system has us cornered on every end... because we have been DOMESTICATED like a DOG ...
Dont expect economy to start growing again until this virus is under control and that can take at least a year; specially the way this country is handling the epidemic.
I think its just s****y behaviour by some stockbrokers and stocktraders. They keep buying and selling s****y trades and bonds that bring them money in the short term but lose most people money in the long term. They invest money in many politicians re-election campaigns so that the politicians "owed them a favour or two". Thats why the politicians don't properly regulate the stock market, allowing these crashes to take place.
Its part of the normal economic cycle with the current average pace, thats why its happening at such interval (decade). Bubble is not caused by just one person, but is the natural result of the always progressing capitalistic economy and is also economic's self correcting way of stabilizing the valuation of goods and services. For example, if a listed corporation drives for more profit and growth to increase its value in the eyes of investors and potential investors, then it could increase the selling price of its products or cut some major production costs (like moving the production line to a developing country with cheap labor). Increased profit in the company's book is reflected in the economy's GDP and increased govt tax revenue collection but the collateral damages in the economy to arrive at such profitable position, such as increased prices of goods and local unemployment proves to have more negative impact in the long-run such that when it reaches its saturation point (ie. absurd high cost of living, high debt ratio per individual, high unemployment rate and low per capita income), normally after around a decade or so, then the economy collapses via the "bubble burst" where the bloated valuation of financial products like stocks or bonds from these companies reveals to be worthless because the general consumer public is just poor and have no capacity to purchase goods and services causing many corporations to dwindle down or, worse, to declare bankruptcy. Rippling into further increase of the unemployment rates and overall economic downturn (as no one purchase something anymore).
This is why I’m disobeying the stay at home order. It’s my duty to support as many small businesses that I can. At least the ones that haven’t already been permanently shut down
Not quite happy times can still b there if one choose 2 but I must admit very 2 do they stole every body's smile would a smile of hope be found any where in the world right now
We should not be using the monatery system anymore. This is why the economy is getting worse over the years. For me, a resource based economy would be the best. And not just for me actually, but for scientists and doctors as well. Take some time to read about Jacque Fresco. It seems like the solution for literally everyone just sits there, banks and corporations would not allow it though. With that in mind, take care of yourselves and anyone that's close to you.
Any comments posted about COVID need to be up to date. This is old out of date news. Viewers may not see the original date of release which was a year ago. A lot has happened in the past year. Remove this old news, please.
What we have seen starkly revealed by this pandemic is the profound weakness - if not the utter failure, of the neoliberal core-periphery globalization model, especially with regards to its heavy and uncertain reliance on fragile global supply chains. The future going forward - and I fully acknowledge that it is going to require a HUGE fight to get there, is going to be the exact opposite of that model. For safety and security reasons, the focus is going to shift to a return to self-reliance and resilience at the individual, local community, state, region and national level - which is what America once had and what made our Nation great. We are already seeing it happening. Regional pacts of Governors are ignoring the Presidents edicts and acting independently. Individual states, local governments and individuals are doing likewise. Large numbers of people, not just the odd Prepper or self-reliant off-the-grid permaculturist, are starting to DIY make things again, and they are going to buy local, buy regional, buy National and LAST buy global. There is going to be a big move to radically decrease dependence upon big business and big government (who are both now universally seen as profoundly corrupt, self-serving and unreliable) and a big move towards local production and consumption and decision-making, especially with regards to critical life-support infrastructure such as food, water and energy. The era of globalization and global elites running and controlling things is over!
I live off-the-grid on a self-sufficient permaculture farm in the middle of the National Forest so I’m fine. The economy should restructure such that as many people as possible - especially those who live in urban areas - should live as independently as possible from big business and big government. Don’t get me wrong, I’m not a hermit, I own a business and contribute to the larger cash economy, but unlike most people, I am not dependent upon it to live. I choose how much participation I want and I am not forced to risk my health and the health of my family just to put food on my table. I feel for those who have allowed themselves to become so dependent. Once you get through this crisis, take your life back from these controllers! Get yourself prepared before the next crisis. It took me almost a decade to restructure my life but you can do it too day by day. For your own safety and security and for the health of our democracy, I recommend that everyone do the same.
Fact is, nobody has the slightest clue what's going to happen. Also, heads up: a lot of 14 year olds who think they know things in the comments section.
Mohammed Найм why should they fight with China? China is bound to crash from the inside within few decades when the working population will start to fall like Niagara Falls. Also the irony is that the more they are involved with the outside world, the more people will want to become “free” from censorship and restrictions, which is happening in China right now.
The human aspect of reading such trends is not to be downplayed. But society will bounce back, we just don’t know when people will kick this disease out.
Anyone that worked in a service industry relying on large crowds is gonna be out of work for months. Probably spring 2021 before full recovery. Doesnt take a ph.d to see the obvious.
If you invest in shares, unleveraged, and keep dry powder for corrections and black swans, you're unphased and this is just business according to your plan. If you day trade, invest on margin, or go all in near ATHs you're asking to be taken out of the game.
Can’t compare with China directly. There are many factors, first the impact in China just happened during the Chinese New Year, which usually gives workers 2 weeks to 3 weeks of break; second, they locked down 1 city and controlled it so they can have all the medical helps from all other provinces to centralize onto one City to minimize the spread. Look at the US now, it has spread all over the places and it’s possible that flattened curve meaning it reached its capacity instead that it controlled the spread.
Well at least the blame can be diverted from the financial industry this time around. I figured they weren't gonna get caught twice in a row, and find a viable scapegoat.
Cash Cow is primarily now pharmaceutical. Due to economic paradigm shift products in low growth markets with high market share has changed to selective products in high growth market with high market share. That's the trigger. With the rest of products related its obvious and unrelated its co branding effect with same industry it will be a shift from low towards higher growth markets with comparatively lower market share. It's suggested a slower sustainable revenue generation for investors than quick cash credit from economic recovery perspective due to world wide lock down. Similarly we got to relate the other industries accordingly to enjoy moving towards comfort zone in order to get back to normal proposed fiscal deficit pre Covid 19 for this financial year. Innovated by Joymalya Chakraborty 🙏
I like how they play with words: they do not say that business suffered because of quarantine, lockdowns and curfews. No! It is all on covid-19. Like its some sort of flooding or Godzilla attack.
u mean how bad will be for the one who's feeding on the back of those who work .. also reffered to mushrooms or pest nowadays called businessman, bank or whatever trick involved affaire.
What a waste of 6 minutes. Nothing said I couldn’t have looked out the window and seen for myself. The economy will get bad but not as bad if the lock downs are lifted although millions will die. The obvious.
Great video. This is a unique economic turnout. Companies still have costs but absolutely no revenues. If lockdowns are lifted the number of casualties will increase. The dilemma is if we need to trade off lives versus economic survival.
It wasn't "created by the pandemic" it was triggered by the pandemic
man people cant travel
Started prepping October 2019 after looking at the Global Debt Clock..... Minus trillions. Knew 2020 was going to be financially a train wreck... Virus sped it up. ..... And me just a Welsh nobody with no qualifications..... Makes me wonder how people vote people in that know nothing.
Robt. Miller What you just said means the same
@@rmcd823 Not at all. The cause has been waiting for over 5 years, it needed a trigger to set things off. If it hadn't been Covid it may have been the Oil Price war, cold war, any minor shock.
It's people we caused the spread in the first place but welcome covid you are the next thing to blame in this world people have to just grow
Sitting at home in 2019: Lazy person
Sitting at home in 2020: Responsible citizens
According to baby boomers it is millennial dreams -
Baby boomers - "You ain't doing nothing and you are acting like you are saving the world. Think bout your future son. You ain't going to get noting by slipping on couch and watching TV all day"
Millennial - "Doctor are saying to stay home. So I am staying home. Can I watch TV I am bored by doing nothing whole day"
Baby Boomer - "Yeah, I ain't trust those so called doctor. I have my Jesus with me and I believe in Trump"
Geez... 😂
@@georgegray2712 how about a young male gamer sitting in his attic?
have a nice SLEEP
loooooooooooooooooooooooooool gold comment
You're conflating the stock market's prices with the economy's recovery. The stock market will recover on the speculation of a future recovery, the economy will not.
And then the stock market will die again but even worse
@@jacobpuvan3131 Then jump back as algorithms bet against each other of when the game of chicken ends.
Hiii can u help me?
Alot of elite economist in the comment section.
NetMage11 So woke, just like how people who teach math and engineering don’t understand math and engineering because they aren’t inventing or discovering stuff.
But if they are British they are pro-Chinese
NetMage11 PhD means a lot if you follow the syllabus of German or Soviet economics, not the Anglo American economics. I did a PhD in economics in the university of Birmingham which used to have a programmer called National Economic Planning which used to follow the Russian Syllabus but Mrs Thacher closed its down.
Jealous?
@NetMage11 Did it ever occur to you that some people might like teaching and/or research better than trading?
The stock market does not reflect the economy.
JD it can, but in this case, the government pumped direct money into so I would agree.
Lesson One: The sharemarket does NOT drive the economy. It is merely a measure of confidence.
Lesson Two: Do not sale phones and other junk for 1000$.
Lesson Three: There is no economy if there are no human alive
@@lespaceman take some pills man, chill.
Indeed. Its the confidence put forth by the market that the listed companies' equites/shares are profitable and has growth potential in the future--thus the "going concern" principle.
This principle HOWEVER barely (or never) take into account worst case economic scenarios like this one since these kind of events (ie. pandemic) are not statistically common and are not within the forecasting model. COVID pandemic is a surprise for everyone and, sadly, to our economy too.
Its only natural that global economy will crash due to lockdowns and even into a level thats unprecendented in our history if this conditions persists (aka. next depression in a global scale).
Sure sure u buffon
The economist could do a bit more by focusing on the developing economies which are a crucial link in the global supply chain as well as an inevitable market force on the demand side.
Very sensible. Already we are seeing problems with global food supply chains. Very scary stuff.
David Lockett and why is that?
Padmanav Mishra yes the DEVEL-OP-IN-g .... e-CON-NO-mies .... are so crucial for the market on the DEMON side...
Jecky Mendiola because there has to be somebody at the bottom of the pyramid... if you want your wealth, than you have to steal it from many others... in order to built yourself up, you have to break another man down... thats how capitalism and hierarchies function...
cameron taylor thanks but I was actually asking David why he commented "Dream On".
Recession or Depression, the top 1% would only get richer at the expense on the rest.
Here comes the manual labor class complaining about what they do not know. Tell me how come someone who has financial assets, such as stocks, gets richer from this? If they own companies, these companies will sell less, and the stocks plumber, losing value. How is this getting richer? You can argue that they cannot get poor, they'll still be rich, but if they could choose, they'd choose a time without crisis.
.01% will get richer. They buy up everything at reduced prices. The super rich (Rothschild, Soros, etc) get richer by owning more as we own less.
@@ev.c6
Hedge funds. Short-selling. There's quite a few ways of turning other people's catastrophes into another payday for you.
@@anonUK All of those are part of a diversified portfolio. No one will go all-in shorting.
@@ev.c6
Not until it's profitable. Then, you can feast on that carrion of other people's careers and life chances!
And that was back when 2.3 trillion dollars was a lot of money
That will buy you a loaf of bread in a couple of years
The guys making "closed due to coronavirus" signs are doing well
supply n demand
All the "signs" in shop and restaurant windows I've seen are homemade written notices written oprinted off of regular computer printers
@@SurprisinglyDeep R/whoosh
@@mrconor6842 Yeah I got that it was a joke, no need to r/whoosh me. However I have never seen a "closed due to coronavirus" sign anywhere. They don't exist.
closed due to government extortion
Spoiler: We dont know
Small businesses will suffer the most, and much more damages has yet to come . . . . .
In the case of right now
COVID 19 reaches 1m cases : market goes up
Millions lost their job: market goes up
Asteroid hits the earth: market reaches new high
Astroid? What you talking bout willis?
😝😝
I don't get how people separate "people" and "The economy" like this, the health of people and the economy are one and the same, you can't fund hospitals without taxes and you can't get taxes without business. The only way to pull through is to pay with inflation, which even as an Austrian I admit isn't a terrible idea given the circumstances, not much different to war really.
The majority of funding actually comes from monetary money in places like the EU USA and China because of how strong the currency is but in smaller countries it's a mix of the both taxes and printed like in south east Asia and Africa
You are wrong. Markets care more about money. Governments are putting money into the economies...more people are dying...markets bounce up. Theyll go down when they want more money.
@@slgwdhhsbsnjs Yeah that's what I mean, the funding for times like now is with inflation and monetary measures that'll cost us in the long run.
@@Swift-mr5zi ohhh ok I think I get u now
Inflation can actually be healthy for an economy in small amounts although the inflation rate rn isn't that healthy
@@slgwdhhsbsnjs Well I'm an Austrian economist so I believe that this stuff causes businesses cycles but in the case of an emergency I would permit it to a certain extent.
To be able to finance an appropriate response to the pressure that COVID-19 has excreted on the ceiling of financial resources the EU will modify the purpose for which the available “appropriation under the global margin for commitments” can be used for growth in this economical recession. Take part in any investing service and earn from home.
I agree
I’ve been learning about stocks now for about two days and I was curious. Why don’t you start buying stocks when everything is down before it goes up, just to get a head start ?
A diversified investment strategy is definitely the way to go there are stocks/forex tradings that are doing well even in these times and trading options is very essential right now for your portfolio. This is a time where you might wanna consider hiring the services of an experienced traders/ investment adviser. My trader who handles all trading portfolio ensures lucrative results, they are well diversified in order to minimize the risks and optimize profits, steady profits. I already received my monthly earnings last month and I’m sure this month won’t be be any different given the progress that has made so far on my portfolio account.
Discuss more with my portfolio manager Mr Charles Allen on the basic measures to take.
Here on what(app)
+1-518-310-7285
I live in Branson Missouri, We had a soul pass yesterday, he was in the hospital for something else. Upon his death, they did a covid test which came out positive. The nurses were not wearing ppe because the supply is low, and they thought the guy was safe . now we have a situation where 50+ nurses and other medical staff have been exposed. We need help getting ppe so bad do you know of anyone that can help us?
i pray for everyone
My wife ordered masks from amazon, made in China ...last week
I remember being a teenager in the 90s and early 2000s. Its hard to fathom how fast this world spiraled out of control in the last 20 years. Only one answer to retain your sanity in these times : G-D.
Matthew Poreda time flies
@@learnit465 yeah man im 33 I know its not that old but I remember being 18 like its not that long ago.
Thanks for that Guys... essential sensible reporting!
Interesting the same people in Feb said the effect would be minimal
"The prices of goods are falling..."
Me: *smiles*
Jay Esta. Fayza You get fired and your parents pensions evaporate.
You: *don’t smile anymore*
Idiot, how will a pleb like yourself get a job? Will you be smiling then??
@@kadir9629 you really think a global depression that will affect billions of others will never affect you?
@@kadir9629 my friend, you probably work online for a company that serves other companies or people that server other companies or people...... and if some of those companies fail your company fails, thus you have no job.
You: cries nonetheless
Dadiro people won’t be buying video games when they are broke
If we follow the golden ratio of 5:1 A, 3 month pandemic should recover in 15 months. Back to where it was before the pandemic. So if we have a 6 month lockdown , we will be looking at 30 months recovery....almost 3 years.
What do we do
Look at the question. "How bad will it be for the economy"? The 1% economy? Those whose lobby money made the illegal, legal? Those who created the biggest inequality on earth? I hope they go through a 'French Revolution' moment.
Would be nice but won't ever happen. They have too much power and influence. Look at the U.S. election for christ's sake. 350 million people and two people in the running to lead us is dumb and dumber. Poor and middle class at best are posting snippy Facebook memes. That's it. That is the extent of our ability to change anything. The wealthy 1% are undoubtedly laughing at how comically powerless we are.
I hope you are not socialistic but right wing
James Pearle it’s because we have a new program... now we’re ALL individu-ALLS... this is how divide and conquer looks... global capitalist economy... millions and billions of people completely segregated in every aspect of self perception and identity that even beginning to work together, not dependent on the system, is unimaginable... we can’t even think of a world without money... because then how would we have slaves ... I mean employees who make minimum wage work at the grocery and clothing stores so we can buy a bunch of garbage! And then how would we get someone to throw that garbage away for us?... the system has us cornered on every end... because we have been DOMESTICATED like a DOG ...
Dont expect economy to start growing again until this virus is under control and that can take at least a year; specially the way this country is handling the epidemic.
Cavius i think at some point governments are gonna have to decide to save the economy instead of saving people’s life’s
Asia Maria It’s “lives”
@@asialanzi5471 I don't think you understand what would happen if we don't lock down. The economy didn't boom during the plague.....
Cavius what is “this country”? America? The world is not America.
Asia Maria life come first.
Every 10 - 12 years a recession so concidently who is behind all these bubbles economy, anyone curious about these ???
I think its just s****y behaviour by some stockbrokers and stocktraders. They keep buying and selling s****y trades and bonds that bring them money in the short term but lose most people money in the long term. They invest money in many politicians re-election campaigns so that the politicians "owed them a favour or two". Thats why the politicians don't properly regulate the stock market, allowing these crashes to take place.
Its part of the normal economic cycle with the current average pace, thats why its happening at such interval (decade).
Bubble is not caused by just one person, but is the natural result of the always progressing capitalistic economy and is also economic's self correcting way of stabilizing the valuation of goods and services.
For example, if a listed corporation drives for more profit and growth to increase its value in the eyes of investors and potential investors, then it could increase the selling price of its products or cut some major production costs (like moving the production line to a developing country with cheap labor). Increased profit in the company's book is reflected in the economy's GDP and increased govt tax revenue collection but the collateral damages in the economy to arrive at such profitable position, such as increased prices of goods and local unemployment proves to have more negative impact in the long-run such that when it reaches its saturation point (ie. absurd high cost of living, high debt ratio per individual, high unemployment rate and low per capita income), normally after around a decade or so, then the economy collapses via the "bubble burst" where the bloated valuation of financial products like stocks or bonds from these companies reveals to be worthless because the general consumer public is just poor and have no capacity to purchase goods and services causing many corporations to dwindle down or, worse, to declare bankruptcy. Rippling into further increase of the unemployment rates and overall economic downturn (as no one purchase something anymore).
They need to hurry up with those stimulus checks before I lose my place!!!
Blessings to you brother
Wherever you are count your blessings...many in a much more desperate situation in this calamity. Be strong be proactive
This is why I’m disobeying the stay at home order. It’s my duty to support as many small businesses that I can. At least the ones that haven’t already been permanently shut down
Back to "ground Zero" .
Start from zero.
Gambers, Happy times could be over.
Not quite happy times can still b there if one choose 2 but I must admit very 2 do they stole every body's smile would a smile of hope be found any where in the world right now
Two years later and we're still here.
We should not be using the monatery system anymore. This is why the economy is getting worse over the years. For me, a resource based economy would be the best. And not just for me actually, but for scientists and doctors as well. Take some time to read about Jacque Fresco. It seems like the solution for literally everyone just sits there, banks and corporations would not allow it though. With that in mind, take care of yourselves and anyone that's close to you.
*NOW THATS A LOT OF DAMAGE*
Don't believe China's numbers. Although, I don't mind them experimenting with "opening up". This whole situation is still very unknown.
Any comments posted about COVID need to be up to date. This is old out of date news. Viewers may not see the original date of release which was a year ago. A lot has happened in the past year. Remove this old news, please.
You should read "The Accidental Superpower", " The Absent Superpower" and "Disunited Nations" by Peter Zeihan.
Anything bad you can think of - triple it ... u ll be prepared ...
Better too slowly build up food
2:28 wicked👁👹
Main Street pays, Wall Street wins, Main Street dies? Wall Street cries
Can you do an update video on this? Is there enough data yet to determine what shape (v shape or L shape) the economy will have?
Well the Dow is over 24000 now so it can`t be that bad...
6.6 million IS NOT just under 10 million... IT'S JUST UNDER 7 MILLION!!!
6.6 million just last week. In the first week of lockdown there was another 3.3 million.
Tito Bellicus exactly so that makes it in total 9.9 million people unemployed.
@@moonrocked For now...
Tito Bellicus yep for now
Not so smart now eh?
What was with the extremely creepy music 3mins in
Thanks a lot for the interview
Best report ever
What we have seen starkly revealed by this pandemic is the profound weakness - if not the utter failure, of the neoliberal core-periphery globalization model, especially with regards to its heavy and uncertain reliance on fragile global supply chains. The future going forward - and I fully acknowledge that it is going to require a HUGE fight to get there, is going to be the exact opposite of that model. For safety and security reasons, the focus is going to shift to a return to self-reliance and resilience at the individual, local community, state, region and national level - which is what America once had and what made our Nation great. We are already seeing it happening. Regional pacts of Governors are ignoring the Presidents edicts and acting independently. Individual states, local governments and individuals are doing likewise. Large numbers of people, not just the odd Prepper or self-reliant off-the-grid permaculturist, are starting to DIY make things again, and they are going to buy local, buy regional, buy National and LAST buy global. There is going to be a big move to radically decrease dependence upon big business and big government (who are both now universally seen as profoundly corrupt, self-serving and unreliable) and a big move towards local production and consumption and decision-making, especially with regards to critical life-support infrastructure such as food, water and energy. The era of globalization and global elites running and controlling things is over!
I live off-the-grid on a self-sufficient permaculture farm in the middle of the National Forest so I’m fine. The economy should restructure such that as many people as possible - especially those who live in urban areas - should live as independently as possible from big business and big government. Don’t get me wrong, I’m not a hermit, I own a business and contribute to the larger cash economy, but unlike most people, I am not dependent upon it to live. I choose how much participation I want and I am not forced to risk my health and the health of my family just to put food on my table. I feel for those who have allowed themselves to become so dependent. Once you get through this crisis, take your life back from these controllers! Get yourself prepared before the next crisis. It took me almost a decade to restructure my life but you can do it too day by day. For your own safety and security and for the health of our democracy, I recommend that everyone do the same.
Where are the royalties for my part at 2:43?
If we were not so hooked up on GDP, and more focused on humanity, meaning being more social, with more safety nets, would we ever been better off!?...
Fact is, nobody has the slightest clue what's going to happen.
Also, heads up: a lot of 14 year olds who think they know things in the comments section.
Spain: € *300*,000,000,000
England: £ *330*,000,000,000
America: *_$3,000,000,000,000_*
lol
The way to increase GDP per Capita is not to reduce the Capita. - Alex Tabarrok
natural selection has just got started.
Trebek*
Shows money means more than human life.
Off the bankers!
WW3 coming
With China?
Wars cost money
Mohammed Найм why should they fight with China? China is bound to crash from the inside within few decades when the working population will start to fall like Niagara Falls. Also the irony is that the more they are involved with the outside world, the more people will want to become “free” from censorship and restrictions, which is happening in China right now.
War great u go fight it 4 us don't come back now
@@roccoanthony8930 well, do not underestimate Chinese people, because they are communist.
Where's Warren Buffett for the past month?
No please tell me isn’t a dream. 😓
Alot of people die.
Thanks
im guessing that this is a guess
I just found out today because i won't be able to pay my shop rent for the next 3 months that i have have to leave by Friday
Sorry to hear this Lisa. Hoping things bounce back for you soon.
what did you sell ?
I just realized, 2.2 trillion is $2200 billion .... 😬
Why is there a musical score behind our 'news'? Is this information or entertainment?
Stock market has generally recovered, but not the economy.
Kobe Bryan is in Peace where the people are suffering about the COVID.
The human aspect of reading such trends is not to be downplayed. But society will bounce back, we just don’t know when people will kick this disease out.
Anyone that worked in a service industry relying on large crowds is gonna be out of work for months. Probably spring 2021 before full recovery. Doesnt take a ph.d to see the obvious.
Hopefully, after all this goes away, it will change the attitude of workers to those millions unemployed through no fault of their own,
The only thing it will change is they'll find a new manufactured disease to scare the public into more restrictions
The narrator is so cute.
the voice could be very very misleading;) dont bet on it
She’s probably 300lbs
What
is
price?
Let's hope the Globalist agenda slows and manufacturing returns
We need de-globalisation
Local business suppliers
About time for us to learn how to live without this precious economy
It's time to buy BITCOIN.. !!!!!!!!!
If you invest in shares, unleveraged, and keep dry powder for corrections and black swans, you're unphased and this is just business according to your plan. If you day trade, invest on margin, or go all in near ATHs you're asking to be taken out of the game.
Bro can’t believe this was seven months ago,
we fuckt
no work -> no money ->no food = survive mode (mostly turning to crime)
so 6.6 million is *just under* 10 million ???
Shoutout 5:53 , I miss IU
Few Days Back , it was reported that jeff bezos had his wealth increased by USD 8 Billion in this coronavirus period .
economy? never heard of it...
3:28 half-life 3 confirmed
Don’t worry we can always print more money
Governments'd better consider that if this doesn't end soon lot's of people are going to dead of starvation and desperation
Can’t compare with China directly. There are many factors, first the impact in China just happened during the Chinese New Year, which usually gives workers 2 weeks to 3 weeks of break; second, they locked down 1 city and controlled it so they can have all the medical helps from all other provinces to centralize onto one City to minimize the spread. Look at the US now, it has spread all over the places and it’s possible that flattened curve meaning it reached its capacity instead that it controlled the spread.
Well at least the blame can be diverted from the financial industry this time around. I figured they weren't gonna get caught twice in a row, and find a viable scapegoat.
Cash Cow is primarily now pharmaceutical. Due to economic paradigm shift products in low growth markets with high market share has changed to selective products in high growth market with high market share. That's the trigger. With the rest of products related its obvious and unrelated its co branding effect with same industry it will be a shift from low towards higher growth markets with comparatively lower market share. It's suggested a slower sustainable revenue generation for investors than quick cash credit from economic recovery perspective due to world wide lock down. Similarly we got to relate the other industries accordingly to enjoy moving towards comfort zone in order to get back to normal proposed fiscal deficit pre Covid 19 for this financial year. Innovated by Joymalya Chakraborty 🙏
We'll send the final bill to CHINA !!
Wonder if market break 30K soon...🤔
Not bad at all apparently
Now .... To beat this ... By finding the thing that will wipe it out in one hour.
Recovery?
the real title should be , Economy : how bad will it be for the COVID-19 ?
gimme the song that starts playing at 0:47
no one asked me if I was willing
waste of time.........no info in video.
why ANDY SERKIS is there?
I like how they play with words: they do not say that business suffered because of quarantine, lockdowns and curfews. No! It is all on covid-19. Like its some sort of flooding or Godzilla attack.
That’s how humans are they like to ignore things that are more of there fault.
I believe that its going to be a V shaped recession for us in canada, perhaps a U shape for the USA, who is going to be the hardest hit financially.
V knihe Lenina je pochopiteľné a zrozumiteľne napísané inteligentný svet musí existovať bez penieze následky
I think it will Long L- shape recovery of China economy.
u mean how bad will be for the one who's feeding on the back of those who work .. also reffered to mushrooms or pest nowadays called businessman, bank or whatever trick involved affaire.
Worlds dying and so are we. Sooner we accept this, the sooner we can smile while this sinking ship goes down
That’s awfully bleak
What a waste of 6 minutes. Nothing said I couldn’t have looked out the window and seen for myself. The economy will get bad but not as bad if the lock downs are lifted although millions will die. The obvious.
Speculative business does not create jobs
Great video. This is a unique economic turnout. Companies still have costs but absolutely no revenues. If lockdowns are lifted the number of casualties will increase. The dilemma is if we need to trade off lives versus economic survival.