This article was contributed by Lior Gantz of The Wealth Research Group.
Several industries will be COMPLETELY TRANSFORMED by Covid-19 and its aftermath. We anticipate that on a global basis, 23% of restaurants WILL NEVER re-open. That’s a MAJOR TURN OF EVENTS.
On top of that, we expect tourism and air travel will take around 5-7 years to recover from this problem that they’re facing – tens of millions of jobs worldwide will be lost for good.
The notion that a vaccine is the CORRECT FORMULA to solve the issues in our healthcare system, as well as in our economy, is a PIPE DREAM.
If we ignore, for a second, the UTTER STUPIDITY of rushing the process of approving a vaccine – which is BORDERLINE INSANE, since you’re injecting a cocktail of ingredients into a healthy body, with the likelihood that our system will either reject it OR WORSE, be negatively impacted by it – the whole thing is 12-18 months away and that’s without understanding that the quantities will be SUPER-LIMITED anyway, at first.
As a family man, a businessman/entrepreneur or an employee, a saver or an investor, and, in general, as a citizen in the country you reside in, waiting for a vaccine is POLITICAL TALK, but it’s really not a TOP PRIORITY at all.
Society needs to immediately tackle head-on the TWO PROBLEMS we face: health and finances.
Quarantine was a solution that was EXCELLENT in January before the virus DOUBLED every couple of days. Governments enforced it 2-4 weeks too late; they stopped the hospital overwhelm emergency, but they failed to contain the spread when it was still possible.
China was CRIMINALLY NEGLIGENT in alerting the global community about this and TOO SLOW to act, domestically. Note that this whole thing happened in January, which is Chinese New Year, a holiday that sees 70M tourists leaving China for other countries and historically the PRIME MONTH for coronaviruses to spread.
The U.S. did close the border with China early on but kept the European borders open, which CHANGED THE FATE of America’s dealing with the disease.
When something DOUBLES every couple of days, when a virus spreads exponentially, you don’t want to FLATTEN THE CURVE as your main solution. If a curve is shaping-up, it’s because you’re already late; what you REALLY want is to CRUSH IT before a CURVE DEVELOPS, when there are only a few patients at loose.
That opportunity is gone forever.
There’s NO NEED to point fingers, though. In my life, I’ve reasoned that finding blame is dealing with the past, while on the other hand, TAKING RESPONSIBILITY means choosing to react to the present and mold the future, not dwell on past mistakes.
The government can implement many plans, all of which (both good and bad) have one thing in common: they COST MONEY, lots and lots of it.
The reason President Trump wants negative rates is because it is ESSENTIALLY a tax cut.
If a government gets paid to borrow money, it doesn’t need to raise taxes to fund its programs.
The problem is that even with NEGATIVE RATES, all developed countries are running deficits that are going to become a part of public debate, once inflation heads higher in the next few months.
Even after the millions that are TEMPORARILY out of work return to their jobs, there are millions more that will be part of ENTIRE SECTORS which the government could not and SHOULD NOT bailout since they’re dead businesses.
It’s not a popular topic to tackle, but many people will be part of The Great Reshuffling, which means they’ll have to be re-trained and join different positions within their industry or re-invent themselves.
The economy WILL CONTRACT – it could be a scenario that is handled properly and we bounce back quicker than you think, but it is also one that could be mismanaged and therefore VERY PAINFUL.
The Federal Reserve can cushion the blow by becoming a lender of last resort and a buyer of last resort, but that’s not where SOLUTIONS arise from.
That’s the airbag that opens and keeps you alive, but it’s not the ambulance or the doctors that rehabilitate you, metaphorically speaking.
In the reality we are entering, the need to work together in unison – sharing information, not making politically-focused decisions, and not TRAMPLING OVER people’s basic freedoms – is critical.
Since we see much room for ABUSE OF POWER, we are expecting a far weaker dollar, mostly because of the RESUMPTION of money velocity. In that environment, silver has a 25% upside short-term potential, which puts its price at $21.00/ounce, or somewhere thereabouts.
We have much more to say about the disease and its solution, and we’ll dedicate both Tuesday and Thursday to publish DETAILED INFORMATION, which everyone should know.
Information is power!
The free cheese is always sitting on top of a mousetrap.
Remember though, its the 2nd mouse that gets the cheese. Tread with caution.
Does the author of this article understand that all market prices are manipulated? They do what they want when they want to. Sometime you get lucky and profit too. Silver will rise when they want it to, and for their advantage. Silver should be at $35 right now. But its not.
The last time I looked at the debt clock it said that silver was around 850.00 in relation to the dollar. That’s how debased the dollar has become since around 1913. Just sayin.
I tried wearing a mask in the stores and stuff but it was very uncomfortable so I cut a hole to breathe and now it’s better.
If you literally believed that these pretty rocks were a fungible medium of exchange, then, they might be backed by something of value, besides paper, a digital entry, and so much speculation. You’re measuring it’s value in helicopter money, when it could be measured in terms of meat, grains, lumber, water, hours of labor, or technical skills. Do you literally believe in these metals enough, to be using them, in the here-and-now? What for?
Here is a useful placeholder, for just so long as a you have a market and market maker. Do you believe in these metals, as a speculative instrument. What is your strategy.
I saw old photos, after historical prairie fires, or when the floodwaters had breached the riverbanks, and in the Holodomor, etc. Where were the commodities and the secure stakeholders, then? What good is your leverage, when there is nothing else left.
“Your riches are corrupted, and your garments are motheaten. Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days. Behold, the hire of the labourers who have reaped down your fields, which is of you kept back by fraud, crieth: and the cries of them which have reaped are entered into the ears of the Lord of sabaoth. Ye have lived in pleasure on the earth, and been wanton; ye have nourished your hearts, as in a day of slaughter. Ye have condemned and killed the just; and he doth not resist you.”
— from Jam 5
“They shall cast their silver in the streets, and their gold shall be removed: their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumblingblock of their iniquity.”
— Eze 7:19
The automated feed can post ten more of these, in the same time it takes you to post 1 single useful and constructive answer. Coffee table ads, infotainment, and trackers, fairly low on actionable advice.
Good luck paying your taxes with beans. You better have a shit-ton of devalued cash or silver. I sailed right through the 08 crash and even put myself through solar school with silver (which was at the time 6x what I paid for it). Maybe when the man comes to kick you off your property you can offer them a sandwich? Try bribing authorities with some carrots? You better think about it some more…..
Yep G. Having solar is like printing your own money. Off the Grid now for over 5 years with NO electric bill, using 100% solar and battery bank. No brainer. Its already paid for itself.
What do we do with our fiat currency when we have ample food, water, and a garden with no debt? Where do you put your savings when you know the whole monetary system is collapsing? I pay attention to what the Bible says, but we aren’t at the time when these verses would apply. One day, food will be scarce, and I think it will happen soon, but our economy is disintegrating before our eyes. With that said, a natural event could change our food supply tomorrow. But, if PM’s hold value through a reset, those who had foresight to buy them would be in a position to help those who didn’t or couldn’t.
Can’t make this stuff up!
George Galloway claims that you can be rich and be a socialist, lind of like George Soros and Elon Musk do.
You can be rich and be a socialist if everyone else is rich, otherwise you are nothing but a hypocrite and a thief!
Everybody has to share with me! You get nothing!