The health crisis is running it’s course, short of a meaningful treatment or vaccine there is little we can do about The first 4 months have passed and whilst all countries are at different stages we can be fairly confident that it’s not going to have a material effect on the number of Homo sapiens on the planet.
My concern is that I don’t think enough people are aware of the major and ongoing implications it is going to have on the economies of every country.
The amount of currency being printed and doled out by governments is truly staggering.
They call it stimulus packages, same as quantative easing basically, just a lot more of it.
Every $ printed and given out devalues the $ in your pocket.
Fractional reserve banking has to be the biggest con on the planet, yet like sheep we go along with it.
I firmly believe that this cure is totally over the top as a reaction to the pandemic. Real short term thinking.
We will go into a recession that will be difficult to recover from in 15 years.
Commerce and Industry will be decimated:
Retail was in the doldrums anyway, this is just another nail in the coffin.
Tourism - Will take years to recover
Airlines - most are dead in the water currently financially, all struggling to exist in the future without more bailouts.
Real estate - Hang on for the bargains, once the banks take their helpful hand away and the repos start, get ready for a 20% drop.
Auto sales and manufacturing- not hard to predict.
Hospitality, Hotels, coffee shops bars - some of the worst affected many will never open again.
Unemployment once it reaches record numbers will not retrace in the short-term - too many jobs permanently lost. Probably time for a universal wage just to keep the numbers looking clean.
I could go on but whatever way you cut it the picture is grim.
Initially I was not too concerned, however the length of time and the poor leadership we have seen from virtually all our politicians has definitely raised it in my thinking to a “fvck me what’s happening”