Consider this an open thread to discuss why all this is happening.
Here's my take. The economies of virtually all nations have been propped up by quantitative easing (pumping money into the system) for years. GDPs aren't rising because everyone is earning more, spending more, and companies are thriving like mad. The truth is we have been on the decline since the dot-com bust. If you recall, shortly after that, we had 9/11. We wavered, started to recover, then tanked in 2008. Rinse. Repeat. Here we are.
So how do you reset the global economy - that is, essentially bring about severe (hyper?) inflation - and avoid having the bankers and politicians blamed? Enter: Coronavirus. Is it legit? Yes. Has it killed many people? Yes. Is it a pandemic of sorts? Yes. Is it serious? Hell no. No more so that the flu. But we have seen government, media, academia, and social media come together to tell us all how devastating it is. They're backpeddling now, and people are getting wise to the b.s. Next up: George Floyd's murder. Tragic? Certainly! Did anyone lose their **** when white guys died in a similar fashion? Nope. So again, media, government, academia, the NFS, NASCAR, social media, and many, MANY more fan the flames of open rebellion. It's a distraction, but an effective one.
And by now, the damage is done. Countless small businesses are defunct. Tens of millions are unemployed today who weren't eight weeks ago. The Federal Reserve and other central banks around the world are "bailing out" the little guy (mostly, the big guys, but you don't read about that). The infusion of cash can do only one thing: dilute the purchasing power of the currency.
This is a reasonably short video that covers what I think is the real reason behind all this. Granted, the people in it are selling something: services involving setting up savings in precious metals. But they do make some good points. You can watch it here.
They don't go into prepping very much or paying off debt which I think are extremely important. Let me know what you think. Also, let me know why you think all this nonsense is happening. Is it just unfortunate coincidence? Personally, I don't think so.
Here's my take. The economies of virtually all nations have been propped up by quantitative easing (pumping money into the system) for years. GDPs aren't rising because everyone is earning more, spending more, and companies are thriving like mad. The truth is we have been on the decline since the dot-com bust. If you recall, shortly after that, we had 9/11. We wavered, started to recover, then tanked in 2008. Rinse. Repeat. Here we are.
So how do you reset the global economy - that is, essentially bring about severe (hyper?) inflation - and avoid having the bankers and politicians blamed? Enter: Coronavirus. Is it legit? Yes. Has it killed many people? Yes. Is it a pandemic of sorts? Yes. Is it serious? Hell no. No more so that the flu. But we have seen government, media, academia, and social media come together to tell us all how devastating it is. They're backpeddling now, and people are getting wise to the b.s. Next up: George Floyd's murder. Tragic? Certainly! Did anyone lose their **** when white guys died in a similar fashion? Nope. So again, media, government, academia, the NFS, NASCAR, social media, and many, MANY more fan the flames of open rebellion. It's a distraction, but an effective one.
And by now, the damage is done. Countless small businesses are defunct. Tens of millions are unemployed today who weren't eight weeks ago. The Federal Reserve and other central banks around the world are "bailing out" the little guy (mostly, the big guys, but you don't read about that). The infusion of cash can do only one thing: dilute the purchasing power of the currency.
This is a reasonably short video that covers what I think is the real reason behind all this. Granted, the people in it are selling something: services involving setting up savings in precious metals. But they do make some good points. You can watch it here.
They don't go into prepping very much or paying off debt which I think are extremely important. Let me know what you think. Also, let me know why you think all this nonsense is happening. Is it just unfortunate coincidence? Personally, I don't think so.