Will our clock return to the stone age of slavery era ?
2020-04-05
While covid-19 is hitting all over the world of people and businesses very badly, downward spirals of varied degrees anywhere between -10% and -70 % of respective national GDP and businesses of all sizes, is my best guesswork.
The global economic outlooks are really bad . Many people, businesses, small and huge enterprises will go bankrupt and the social well beings of all will be damaged badly. Fighting and stealing activities will ramp up by at least 500% or 5 times more severely as "virtual scavenging and salvaging behaviors" hit the decks very hard. There will NOT be enough of "robin hoods" and "helicopter monies" around sooner or later.
Imagine, how could all nations afford to continue minting and printing monies up to equivalent USD$ 100's trillion, globally; and eventually, when virtually all things break down ? Stock market values are out of question, entirely, when all things fall apart --> so punters and investors will NOT be able to use "reserved resources of their own, if government rescue packages also fall apart or emptied " !
Is a very scary scenario, if and when people become scavengers as though our clock returns to the stone age of slavery era .
The global economic outlooks are really bad . Many people, businesses, small and huge enterprises will go bankrupt and the social well beings of all will be damaged badly. Fighting and stealing activities will ramp up by at least 500% or 5 times more severely as "virtual scavenging and salvaging behaviors" hit the decks very hard. There will NOT be enough of "robin hoods" and "helicopter monies" around sooner or later.
Imagine, how could all nations afford to continue minting and printing monies up to equivalent USD$ 100's trillion, globally; and eventually, when virtually all things break down ? Stock market values are out of question, entirely, when all things fall apart --> so punters and investors will NOT be able to use "reserved resources of their own, if government rescue packages also fall apart or emptied " !
Is a very scary scenario, if and when people become scavengers as though our clock returns to the stone age of slavery era .
You have got the point right !
The western structured financial systems are fundamentally the work of the USA, UK & Europe as well as Japan ( now, an obsoleted and outclassed Code G7 though being exercised as a Gang of Seven ) post-ww2. There had been several global financial crisis of recent times excluding this covid-19 pandemic season which clearly proved that code G7 gangsters were totally ineffective in governing world financial order soundly and fairly.
They are all the greatest and foulest money manipulators at the their best in this world. Minting and printing monies as they wished to the tune of equivalent USD hundreds of trillion; this can be seen in the US's current national debt figures and regimes in respective negative interest rates. Who will be available and able to measure the strengths & weaknesses ( pros and cons ) of such national practices among the code G7 gangsters that are impacting the global money supply chains ( a.k.a damning food and material supply chains ) ?
Drawing a classic example:
The USA Pentagon under Trump Admin has ordered its 5-Eye allies to part manufacture its F35 fighter planes to the tune of thousands pieces. No worries, Uncle Slum can mint and print USD to pay for the orders; although stupidly 5-Eye regimes are robbing its jobs. STOP demonizing China on this job lost !!
Italy is building its naval warships for numerous pieces; no worries, Uncle Slum can mint and print more USD to satisfy Italian appetite as a NATO buddy. Jobs lost again and thanks to Trump Admin, stupidly ! STOP demonizing China on this job lost !!
It could also be the time for everybody to sit back and mull over wether or not the global economic and financial systems established by the west need radical changes going forward...
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