This picture was taken during the 1929 big depression.
As we know, in the big depression, almost all Americans and other nations lost everything, jobs, houses, cars, and money.
I am saying that prepare yourself for the new economic depression than never experienced before, or your ancestors never experienced. The coming economic crisis will change the economic system and political system. This crisis will even change your lifestyle. Everyone should be ready psychologically to be asocial for a lifetime because the new economic and political order will keep you at home.
Anyway, I want to inform and warn everyone who read my blog about the future of the economy.
Today (16.03.2020), the Fed made a snap decision and cut the interest rate to 0%. This means that FED shoots its bolt and admitted that the World's economy is being dragged into the enormous economic depression, even deeper than the 1929 big depression.
So it would be best if you folks bought some precious metals such as gold, silver, palladium, etc. Otherwise, your cash will be losing value against the economic recession.
Probably soon, European Central bank and others will cut interest rates to support the slowing down economies. Otherwise, the economy would be routed due to the low consumption level. The problem is that inflation could be crazy in days to come. Panic drives people insane and makes them stock goods at home.
The World is in a new economic recession, which means that the countries' economies are downsizing now. Namely, economics cannot create jobs, welfare, and opportunities. That is why try to save money. Otherwise, the chaos will firstly knock people down who do not have money or investment.
Do not appeal for aid from governments because they are useless, and they will not have enough budget after paying the full cost of the coronavirus. Every individual had better take care of themselves.
American Dollar will smash to the historical low after Fed announced to cut interest rate to 0%. So, it would help if you stayed away from the American dollar.
The UK does not have any plan to stop spreading coronavirus, so stay away from Pound and Euro.
International trade is death now. The closing border has a price, which will be that Supply Chain could be broken in the coming months. Every country imports something from other countries, for example. The United States imports motor vehicle parts from Europe. Now the vehicle industry in the State will lose its producing capacity because of that. In short, stopping flights and closing borders heavily hit the economies and industries. This will cause an increase in the unemployment rate, economic recession, the brake in the supply chain, worthless currencies.
Capitalism is suffering. We will see that Capitalism will collapse. Stock markets become unreliable investment platform; precious metals are still a safe port for investors; international trade collapsed within one month; petrol is not an investment anymore.
In the coming months, stock markets will continue to go down, including American Dollar, the many currencies will tumble down, inflation will start, the World's economy is going to go into the economic depression, airline companies will go bankrupt ( due to stopping flight), tourism companies will go bankrupt, international trade will dwindle,
Netflix could be valuable as the associability is getting a popular activity. Also, pharmaceutical companies will rocket in stock markets.
Be ready for the "never seen" economic crisis.
- By the way, we see that the health care system must be socialized. Otherwise, we know what is happening in the United States. People who do not have insurance cannot get treated. Also, millions of Americans cannot get tests due to the fact that insurance companies do not want to cover coronavirus expenses.
That is why the health care system has to be controlled by the government.
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