First of all I do not pretend that this post is taken as science fiction, conspiracy or used to provoke fear, the objective is to inform of the current situation of the world economy and so that you can open your eyes about what is happening and in the future can anticipate a similar situation. The original post is in Spanish excuse the translation.
First of all I will start with the main cause of this crisis “covid-19” which I will not discuss about its origin, we have the WHO saying that this is a totally new virus that was not known and they had no idea how to handle it, both in on how it could affect the population, such as its transmission, totally contradictory statements from the WHO, such as the WHO, says that there is no conclusive evidence that the coronavirus is transmitted through objects and that, at the same time, in other statements, a person can contract COVID-19 if you inhale the droplets from a person infected with the virus. This is why it is important to stay at least one meter away from others. These droplets can fall on objects and surfaces around the person, such as tables, knobs, and railings, so other people can become infected if they touch those objects or surfaces and then touch their eyes, nose, or mouth.
It is incredible how the WHO creates confusion in people, they said that the chinstraps were functional and then that they were not, when asked if it is transmitted through money they respond that they take the classic measures of washing their hands well after using money, but they do not say that the covid-19 can last up to 6 days alive in banknotes (scientifically proven), China is one of the few and only countries that has disinfected its banknotes in the Central Bank through high temperatures and ultra violet light.
Next, I will leave you with your own research on the historical coronavirus, where after reading it I am sure you wondered if the WHO really had no idea how to control this new covid-19 (sars-cov2). First I leave the corresponding links of the information.
Mers-Cov 1 Mers-Cov 2 Mers-Cov Wiki Sars-Cov2 (covid-19) Mers Explicado BBC Mers Amenza Mundial
Requires medical diagnosis
Symptoms include fever, cough, and shortness of breath. Other symptoms are nausea, vomiting, and diarrhea.
People can suffer:
Pain areas: chest
Whole body: fatigue, fever, body aches, chills, or loss of appetite
Gastrointestinal: diarrhea, nausea, or vomiting
Nasal: congestion or sneezing
Also common: shortness of breath, cough, headache, or sore throat
The most common symptoms are the following:
Other less common symptoms are as follows:
Aches and pains
Loss of sense of smell or taste
Skin rashes or discoloration of the fingers or toes
The serious symptoms are as follows:
Shortness of breath or feeling of shortness of breath
Pain or pressure in the chest
Inability to speak or move
As you can see we have faced SARS and MERS before, SARS being notably different in terms of Covid-19 but MERS is really striking the similarity of the virus, if you could see well the symptoms are practically identical to those of Covid-19 and already The WHO knew that this could trigger a global pandemic in the future, an organization like the WHO studies this and makes future estimates and protocols on what could happen, so it is somewhat strange to believe that they are as uninformed as they say. On the other hand, we have never found a vaccine for SARS or MERS despite the fact that the WHO always emphasizes that a vaccine for these viruses was being investigated, is there really a possibility of a vaccine for Covid-19? Or they are just buying time and avoiding more panic.
46 MILLION LOST JOBS U.S
Now I will turn to the economic part mainly related to the United States as the reference country.
First of all we are going that because of the pandemic millions of people lost their jobs, just imagine the hotel, gastronomic, entertainment, uber, Airbnb sector among many more … Currently in the U.S. more than 46 million workers asked for unemployment aid
All these people who had a stable job, for the most part now find themselves without income and with a high level of debt typical of the American economy thanks to their low interest rates, although at the moment these people receive financial help from the government, this is not the case. It will be as long as the money faucet is closed millions of people will be bankrupt and with unpayable debts. Here is a report on the average debt in U.S
A report by Bloomberg points to another source of revenue, HFTs – high-frequency trading companies – one of the most controversial practices on Wall Street. In fact, according to these data, Robinhood would receive almost half of its income directly from this channel by selling to these companies the flow of orders from their clients. In a report prepared by Bloomberg, it points to another source of income, the HFT, that is , high-frequency trading companies, one of the most controversial practices on Wall Street. In fact, according to these data, Robinhood would receive almost half of its income directly from this channel by selling to these companies the flow of orders from their clients.
https://www.bolsamania.com/noticias/mercados/polemica-forma-generar-dinero-robinhood-broker-sin-comisiones–3711466.html https://www.bolsamania.com/noticias/mercados/polemica-forma-generar-dinero-robinhood-broker-sin-comisiones–3711466.html https://twitter.com/jessefelder/status/1270776064198021120?s=20 https://www.zerohedge.com/markets/it-1999-or-2007-retail-investors-flood-market
As you can see these numbers are really alarming, people took debt for levels far above their income believing that they would have a job for life, all these people who lost their jobs and have debts of this level will be in serious trouble.
4.75 MILLION HOMEOWNERS NOW IN TOLERANCE PLANS RELATED TO COVID-19; ALMOST HALF OF THE APRIL MORTGAGE PAYMENTS
Without drowning him in information I leave you in summary the following image about the article
As you can see the amount of money to date +1 Trillion or +1000 Billions of usd in mortgage leniency is a monstrous figure and even the worst is not yet, since these figures are in a period where people receive help from the government and They do their best to help them face the upcoming presidential elections.
Americans have already defaulted on more than 100 million loans, and job losses continue to rise
To all it is added that the prices of the houses still are not falling significantly
When the payment extension terms expire at the end of the year and so do the financial aid, the mortgage debts will be the main cause of bankruptcy of the people and since they will not be able to pay them, they will have to sell them and the market will flood, making people keep paying for a house that is worth less (2008) and the real estate bubble 2.0 will burst.
To all must be added the debts for cars and credit cards but it would be too long a post.
CRASH FINANCIAL MARKETS
The problem is not only in the daily economy of the people but also in the stock market which is totally a lie at the moment, the FED only inflates it with money constantly and every day it has become totally irrational, it is not a bull market nor It is not bear market either, what we are seeing is a casino market, the best investors in the world are with the majority of their capital waiting for the market to return to reality. Just a few days ago we saw the sad news of the young man who committed suicide after a loss in Robinhood, but this news triggered a series of key observations about the novice investors.
Trading volume of e-brokers doubled in the last quarter and shows no sign of giving way
Ameritrade up 144%
E-Trade up 129%
Schwab up 98%
Interactive Brokers up 72%
Robinhood +3 million new users
Retail and rookie investors outperform Wall Street
These are the top 10 stocks traded in Robinhood, some of which are part of big investor portfolios because they are really good stocks and earned their reputation as “safe”, but there are many other stocks which have never really been targeted. of wall street simply because they are not good stocks nor good companies in terms of Value Investing.
In conclusion large investors are warning that these novice investors will cry out of the market, and there is a phrase that really is the best representation of this and it must be attributed to Rockefeller “when my shoe shine invests in the stock market, I sell everything”
These exchanges generally manage the famous margin and leverage so they allow investors to buy much more than they really have and thus obtain greater profits, but when the market goes against them, the losses are just as great. The story is very wise and reminds us that a group of novice investors is not going to beat Wall Street for long, and when the Fed stops feeding the market bubble and markets begin to drop, retailers will see their accounts bleed out.
I could really continue to mention topics about why we are heading straight for the worst financial crisis since 1929, but this post would be infinite. What I can recommend before all this, is that you pay your debts, avoid unnecessary expenses, save money if you can and do not intend to invest in the stock market or somewhere wanting to multiply your money overnight.
The economy is an airplane without engines that is planning as much as it can until the time comes when it will crash.
If I get this far I thank you for your attention and please ask that if you comment please do so with respect, and if you find any data errors please let me know.