https://www.youtube.com/watch?v=oXVUJUl5l9oI own an
in-home healthcare agency and my business is growing. I have 4 clients and 7 employees. Except for taking the necessary precautions to keep my employees and clients safe, my business is not effected. I owned my company during the Great Recession and was not effected at all. Most of my clients are wealthy, elderly and need 24 hour care.
I still have a job still. I'm senior IT for a Fortune 500 company in a major city. I support 600 users and
I know by August none of us will have jobs. I say nothing at work but I see the turnover already. I get the equipment returned from managers of the people they let go. We already let go of all contractors, facilities, and theres talk of cutting 5% across all dept. We are no longer allowed any overtime or allowed to order any equipment for the rest of 2020. The signs are everywhere. We are all on borrowed time.
Learn from the 1st wave before the 2nd wave arrives,
hoard cash and do not take on more debt.A person can have some land and get together a ,"tribe" to be able to assist each other and to do outreach in your community. Look for land with no restrictions in area on the lower income bracket. Learnt o be self reliant. Basically form a community, with each person filling a role when possible. Look for strong resilient people with skills,
COVID 19......In others words Certificate Of Vaccination ID...……..19 (AI....Artificial Intelligence).....first and ninth letter of the alphabet…..your life is scripted by the powers that be decades in advance...…….One world government, one digital currency is on its way........and if you don't have a vaccine shot, the mark of the beast, you get nothing and you'll like it...........as the late, great George Carlin spoke the truth....."It's a big club and you ain't in it. You and I are not in the big club."
Cities, counties and states are losing tremendous amounts of tax revenue. Look for cops to to fine you for the most ridiculous infractions to raise revenue. Look for civil asset forfeitures to increase astronomically.
Inflate the future us currency to pay off enormous sovereign debts with confetti. Little people get crushed...cry for help...new financial digital system rolled in to "save the day"..central banks live on... during the interim the pension payments are "honored" and satisfied but the purchasing power is near nothing. That's what I've come to understand listening to many financial bloggers..and former Fed. Chair. Alan Greenspan seems to be saying just that about the pensions. This is probably one reason the Fed is now buying up everything and insuring the stock market goes to the moon nominally so that the pension payments can be satisfied. ?? ....
https://www.youtube.com/watch?v=HxSLtC62RG0https://www.youtube.com/watch?v=DNCZHAQnfGUBAD to WORSE: Congress has a bill on the table in the House, to allow renters not to pay rent. The property owner can apply to the govt for aid, but must pay a steep monthly fee and turn over 10 percent of ownership to the renter/s. Can't find the bill yet, but has AOC and other "progressives" backing. Heard it on a national radio show today.
Here in south east asia countries of 600m people are suffering too, most small little people and businesses came to a halt.
No food bank, you are on your own. Next will be bank collapse. Triggering credit crunch, no credit even big companies with go under. Indonesia President let City migrants to go back to village to grow their own food.
You're talking about the 2001 Argentina crisis. Deposits in USD where frozen, and after months they gave back ARS 1,40 for every USD (at the same time the peso depreciated from a 1:1 peg to 4 in very little time). There was big social unrest, massive assaults to any market/grocery, and 6 presidents (!).
To answer if I (or Argentinians as a whole) learned something from it is another chapter. What I mean is that there were many other times in history we had these kind of trouble. Almost every person here has his savings in USD. The velocity of the peso is quite high usually and, thus, very unstable.
In Lebanon, citizens were keeping U.S. dollars in the bank, but the banks refused to give them U.S. dollars in withdrawals, and instead, gave them the Lebanese currency at the "bank rate" not the black market rate. It was pure theft by the government and the banks.
Gold holds its value in an economy against hyperinflation. It doesn't gain you purchasing power - you won't get rich (but you'll "move up" because the rest of your society got poorer, generally).
Hyperinflation isn't just balanced out by reduced demand - causing prices to fall again. There is indeed reduced demand for non-essentials, so they lose most of their value relative to cheaper alternatives (fine wine is now only twice the price of 5 buck chuck - instead of 10x, say - but the take-away point: the number of people who can afford wine at all has been reduced sharply, anyway).
I was in Thailand in '97. Bangkok was like a ghost city after a period of debt driven expansion. Big building projects and corporate activity was stopped dead in its tracks when the credit taps were switched off.I just wanted to add that i often hear talk of central bankers consistently making bad decisions that inevitably lead to economic crisis and that you'd think they would learn by now, however, i don't often hear that this may be, in fact, designed to work this way... consider the outcome of their "bunglings"; A very few people at the helm of these central banks have seemingly become the owners of everything own-able in the world (resources, real-estate, gold, etc.) more importantly.... are we really all of the state of mind that this is just bad economic policy? Red pill anyone?
I realise that gold and silver are great medium to use for trade transaction and paper currency is not because in year 2013 , before I turn 13 .
I realise that currency losing value because my father said that when he was younger, the price for good and service are cheaper than that time. So, I wonder as 12 years old child: why ? .
I make a research and found that gold , silver and livestock are always increase in value against the currency. Then I found the currency are falling down on value.So, as a child , I wonder why the adults , ( if they really are an "adult" ) use this bad financial system. When I grow up and watch your videos , I'm so shocked to extent I fell ill. Then, I realise that why we use this bad financial system is because the people who controlling the financial system are , in American term it called " ripping off " from the masses for their own gain. I'm so surprise when I realise that a lot of people don't know they get robbed voluntary in front their very eyes.
Can't get "fired" I have been working (employed) by my family for 25 years - do I get a watch? No - I get good children that are my inheritance - home schooling way before it was cool - needed a back bone to stand up to the sleepers - "working" on the grand children now - my red hair looks like yours today, Mike and I earned every one of them.If you liked
iPencil You'd love a children's book series called
"The Tuttle Twins" I bought the whole series and read it to my kids all the time. At a young age they now understand how the truly free market economy works. The younger generation should be taught these principles and not the Orwellian socialism they get taught in schools.
Since 1999, the €uro has lost 85% of it's value vs gold. When people talk to me about how well the stockmarket is doing I just show them how much gold has done.
425% in the last 20 years and all that without FED and ECB bailouts and buybacks.
Keep your heads and do not panic folks . Help each other and do everything in small bites so you won't over stress and become a burden or liability to your friends or family. One more thing. This is not a "judgement of God" on the world. This is just the end of a bad system and we do NOT have to support another one like it. We have each other. That is the real Wealth of this world . And , WE ARE a renewable resource !!! :)