How the U.S. Economy Just Lost 33% of its Value

  • Am Vor Monat

    Economics ExplainedEconomics Explained

    Dauer: 19:09

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    Last Thursday on the 30th of July 2020, the U.S. Bureau of Economic Analysis released its 2nd quarter Gross Domestic Product report.
    The report noted a 32.9% contraction in annual GDP growth in the months of April, May, and June.
    For reference, the 2008 subprime mortgage crisis of 2008 saw an 8% drop in annualized GDP figures at its peak.
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    #recession #stocks #economics
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Economics Explained
Economics Explained

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Vor Monat
first last
first last

Some see this as a expected outcome of capitalism, a cycle of rise and fall as the rich take from the poor.

Vor 18 Tage
David Jacobs
David Jacobs

You will know the end is near, when secret weapons hidden deep inside AREA 51 comes out. US dollar is NOT backed with gold, Not with Oil, but with Military Might. It's NOT "In God We Trust", but "In AREA 51 We Trust".

Vor Monat
Top Feed Coco
Top Feed Coco

You should correct the part where you say, "The fallout from the Corona Virus" to the accurate, "The fallout from the faked virus hoax the bankers used to begin their elitist population reduction schemes and bring in their 'New World Order."

Vor Monat
Mike Sienicki
Mike Sienicki

@Justin Hart Not capitalism's fault in the slightest. Dirty leftist political party and the Cabal shoving communism down our throats.

Vor Monat
David H
David H

I really like that you explain things in a simple, understandable way.

Vor Monat
Mickey 007
Mickey 007

Whatever statistics are thrown at us from all sides, only confuse us. Another way to see the economic situation is to observe what is happening around us, at home, on the high streets and in shopping malls. Most of people below 25 do not have much money to spend, most have average paying jobs, most are back packing and earning minimum wage. Most cannot afford fine dining like their parents did. daily hangout in starbucks or a food court makes their day, they are the 'i put my new shoes on' generation. They have no hope of getting high paying jobs, therefore their only hope is wot wait for their inheritance, if they are luck enough. There was a time when people reached the age of 18 and left home, today it is not possible.

Vor 8 Stunden
Blaster Elforg
Blaster Elforg

Despite record layoffs, the Democrats and Conservatives Inc. are still adhering to their model that bigger is better and the way to grow the economy is by importing a billion consumers. Can you imagine the impact on wages, unemployment, pollution, rent prices, decline in standard of living and urban sprawl with all its shanty towns? https://www.penguinrandomhouse.com/books/636499/one-billion-americans-by-matthew-yglesias/

Vor 9 Stunden
Umberto Fournier
Umberto Fournier

All income should be taxed at the same rate

Vor 10 Stunden
Arik Chikvashvili
Arik Chikvashvili

For some strange reason although the economies of China and India are growing faster than of US, still the US stock market makes better. People should know that the wealth they accumulate will not disappear, else they will not be interested in achieving it. So this also should be taken to consideration.

Vor 15 Stunden
Zion Vas
Zion Vas

Cure 4 death, trust god jesus death on cross destroyed ur death n arose frm tomb on 3rd day opened heaven 2 all his believers dead or alive when he comes again. C jesus death in google.......!!..!!..

Vor 23 Stunden
excited box
excited box

Services also include all those things that we used to buy as products. Keep in mind software and many other things used to be owned but are now a monthly service so part of that spending decline should also be counted in the purchase spending.

Vor Tag
Andy B
Andy B

Venezuela had a 60% decline in GDP before coronavirus!

Vor 2 Tage
KOVA STELLR
KOVA STELLR

I'm a teen, can anyone explain this to me? Should I be worried? What should I expect?

Vor 2 Tage
KOVA STELLR
KOVA STELLR

@Sine Nominee Ok, thanks for explaining it a bit more. 👍🏻

Vor Tag
Sine Nominee
Sine Nominee

The only bad thing is borrowing, if the economy decreases too much it will not recover so Trump is borrowing money to try and keep the economy going that is what we (gen z) will have to pay back.

Vor 2 Tage
Sine Nominee
Sine Nominee

@KOVA STELLR I have taken economics A-level so i am not an economist but i will try to explain: GDP is basically the value of every good made in the economy. If every company was to survive and have and still have all its workers then the economy would go straight back (32% increase) but some people will lose their jobs and companies will go bankrupt so the economy wouldn’t go back properly in the end you may end up with a 5% decrease which is not that bad it will be fine.

Vor 2 Tage
Umar-Faruk Adama
Umar-Faruk Adama

Yeah, i don't get it either but i think we're fucked

Vor 2 Tage
David Rabinowits
David Rabinowits

Are we voting for Trump or whàt? ;)

Vor 2 Tage
Star Mobi
Star Mobi

GDP Is overrated and nobody should care about It. https://www.youtube.com/watch?v=fn39vHu0tm8

Vor 3 Tage
Sine Nominee
Sine Nominee

@Star Mobi GDP does not matter but real GDP per capita is incredibly important

Vor 2 Tage
rvidal0001
rvidal0001

Saving money from not going out does not make your income bigger... it just means you get to keep more of your same income.

Vor 3 Tage
Rich's random stuff
Rich's random stuff

There is too much dumping grounds going on with the U.S economy. Dumb money in markets have replaced pensions. Gig work had replace careers. Corners are cut everywhere and exposed by the pandemic.

Vor 3 Tage
david ouellette
david ouellette

SPEND ALL THAT CASH ON INFRASTRUCTURE KEEP THE COUNTRY UP ROADS BRIDGES EX

Vor 4 Tage
david ouellette
david ouellette

YOU GUY,S SHOW CHASE BANK YOU GOTTA BE KIDDING ME

Vor 4 Tage
david ouellette
david ouellette

IT,S IS JUST DEMOGRAPHICS A LOT ARE GOING TO RETIRE . OUT AND OUT JUST F--K THE MIDDLE CLASS

Vor 4 Tage
david ouellette
david ouellette

IF YOU HAVE A JOB. NOW YOU HAVE A TOXIC WORK ENVIRONMENT AFTER ALL THIS BULL SH--T

Vor 4 Tage
david ouellette
david ouellette

THIS IS THE PROBLEM WHEN THERE'S TOO MUCH CORRUPTION AND YOU MOVE ALL YOUR MANUFACTURING OT ANOTHER COUNTRY TO HIDE IT ALL

Vor 4 Tage
Chris
Chris

America will lose. But then it will rise back up because god will have mercy on this country

Vor 4 Tage
fuckyoutubelogin
fuckyoutubelogin

Let the feminists fix it, they seem to know it best

Vor 4 Tage
Paul Nicholson
Paul Nicholson

Income should be taxed the same. Anything else is not equitable and favors the rich.

Vor 4 Tage
Dickbeard the Merciless
Dickbeard the Merciless

great show homie, keep em coming

Vor 5 Tage
boss 630
boss 630

But trump said we have the best economy ever

Vor 5 Tage
Sphere
Sphere

that is why you day trade boys!!! always there for the winnings never there for the loss. that is if you know what you doing :D

Vor 6 Tage
Black DawgX
Black DawgX

'Muricans who think 'Murica is the best country in the world in 2020: *this video is fake news*

Vor 6 Tage
George Chernov
George Chernov

5:43 Riga

Vor 7 Tage
JollyRaja
JollyRaja

When mommy and daddy's money runs out, these lazy millenials will have a rude awakening.

Vor 7 Tage
Jens Kazmierczak
Jens Kazmierczak

Communisem ends when the money is gone and people are poor...then you can get a better system. The Central bank policy is communism...

Vor 8 Tage
amitmasala
amitmasala

You are right on

Vor 9 Tage
Albert F A Matthews
Albert F A Matthews

stop calling bank notes money, it is fiat currency. debt notes

Vor 9 Tage
Michael Gray
Michael Gray

How can something expeditiously

Vor 9 Tage
Gianfranco Gonzalez
Gianfranco Gonzalez

TRUMPS GREAT

Vor 9 Tage
EMS
EMS

2022 it's the promised time to destroy Israel

Vor 9 Tage
Do Po
Do Po

GDP is about production of goods and services. Services were closed and consumption of high-value goods (and thus their production) plumetted, too. Not only in the US, but everywhere in the world. Let's see how it restarts.

Vor 10 Tage
Kenn Tollens
Kenn Tollens

Civil War, Great Depression, Dust Bowl..none of it ruined us.

Vor 10 Tage
Solomon K George
Solomon K George

My question is how does US economy loses 33% of its value when all that has happened is Quarterly GDP has reduced by 33%. Most countries experience reduction of 20% and upwards in the last months. Is this the best you can come up with?

Vor 10 Tage
FBI
FBI

1. Corona Virus 2. LA Fire 3.Bankruption

Vor 6 Tage
Bracsim 1
Bracsim 1

When the government subsidies corporations is call communism, socialism etc Hitler try that and didn’t work, the greatest times in America were back in the 40s and 50s when people used to work for a living and capitalism was flourishing, America has gone left and there is a price to pay for that, communism hasn’t work anywhere in the world, history tells exactly that,

Vor 11 Tage
george lombardi
george lombardi

Bracsim , I would say , the greatest times in America were the years ( 1948 to 1971 ). I was born in 1942. Could it be that everybody feels , that when they were 8 years old to 28 are the best times for them, or for America ?

Vor 7 Tage
Calvin Broderick
Calvin Broderick

Socialism is going to rise a bit after this

Vor 11 Tage
Eric Jensenius
Eric Jensenius

Tax rate should be the same regardless of income source, and it should be progressive.

Vor 11 Tage
John Lawson
John Lawson

Between investment income and income from labor, I'd always tend to favor labor; at the very least, they should be taxed at the same rate.

Vor 12 Tage
Raul Pestonit Jr
Raul Pestonit Jr

EE: people being forced to invest for retirement is good for an economy me: ok also EE: If investment is made to easy it can be bad for an economy me: ok why? Is it because if they put it towards retirement they still work? EE: I didn't know anyone would ask that so I didn't answer me: CONFUSED SCREAMING

Vor 12 Tage
Kyle Pongos
Kyle Pongos

Investing is too easy meaning corporations and governments and households will be far too reckless with their money. Everybody was caught with their pants down during the pandemic. You got corporations with no savings whatsoever, governments operating on wild deficits, and households up to their eyeballs in debt. When you make investment harder, (by raising interest rates by as much as 20%) you'll see a lot of short term turmoil. But that's just the way of the free market filtering out poorly run organizations (including the govt)

Vor 6 Tage
Captain Ahab
Captain Ahab

If it's too easy, then we'll potentially waste money on businesses that won't succeed, may not be profitable, or they'll be given too much money to properly work with

Vor 9 Tage
MONEY AND TIME
MONEY AND TIME

Certainly not looking great, predicting a huge crash in 2021

Vor 13 Tage
Dark Cynn
Dark Cynn

"children will live much better lives than their parents did" I laughed so hard..

Vor 13 Tage
Michael Mole
Michael Mole

Mountains of idle cash ain’t in our accounts there needs to be some wealth shifting and bringing back overseas cash mountains and what Apple does with its patients

Vor 13 Tage
Michael Mole
Michael Mole

Are we going to have McConnell towns

Vor 13 Tage
Tyler Mcentire
Tyler Mcentire

Centralized executive authority is more efficient and quicker to react than democracy this is in part why Free markets are better than governments at running economies. However they are inherently motivated to help themselves. The trick is motivating them to help others too. I feel investors think they are invincible, that we need them more than they need us. We have to reverse that. I have 4 ideas on how to do this first (weirdly enough) deregulate the economy more, raise the capital gains tax and lower income tax, raise the punishments for breaking regulations substantially both prison time for board members and % based fines on companies income, and most importantly partially socialize (3%ish) the investment world. Let me explain the latter two ideas. I get these punishments will destroy companies but it will only take two or three sacrificial lambs before investors do the job for us as long as regulations are reasonable. Regulations should be a hard line not a guideline if its important enough to make a line make it. Then the big one the crux of this plan. A socialized investment agency which will inherently be worse. that's why it should be small. However it will be a constant reminder to investors that we allow them to exist to grow the economy not the other way around. No more bailouts instead you are temporarily absorbed until more responsible people step up. No more pandering if you suck at your job you lose it period. That line of thinking is capitalist in my book. The financial sector has been artificially propped up by the government and effectively is socialized but with all the benefit to them. This ends that and gives the government a powerful incentive or cudgel without over-regulation because it creates competition.

Vor 13 Tage
Ricardo Mejia
Ricardo Mejia

the answer is obviously socialism

Vor 13 Tage
Gab Speed
Gab Speed

I was able to put 60% of my income to my savings or purchase goods. Before, I was paycheck to paycheck, however, thankful my WFH is permanent, now due to the pandemic. However, I understand that not everyone is employed and doing well, and I feel bad. It's just I never realize that I spent too much money on my commute to work, food for lunch and snacks, and coffee time, everyday. Now, I was able to buy a premium laptop, pay-off my debt, and still have money to save.

Vor 13 Tage
Zhor'i Ambassador
Zhor'i Ambassador

Trumpers: "It is fake news, Trump is great." You cannot seriously think everything Trump does is great. He is mortal. He makes mistakes. You even say this when it concerns the pandemic. 'Trump did the best he could.' = Stressing he makes mistakes. The irony is you forgive him, yet he is a sinner and he doesn't believe nor worship your God. If only all atheists could be as blessed. And the tragedy is that Atheists are the least well-received people by both Democrats and Republicans, yet Trump gets a pass. Typical Republican Hypocrisy and Self-Ignorance. Trumpers: "It is Obama's, Biden's, and Hillary's fault." Why is it never your fault or Trump's fault? Trumpers: "ANTIFA IS A TERRORIST ORGANIZATION." Antifa is short for Anti-Fascism. It is a movement against fascism, not a terrorist organization. There is no head of Antifa. It is like Feminism. Feminism is a movement, not an organization. Being Pro-Life is a movement, not an organization. Do you understand now? Trumpers: "Trump made the economy the best it has ever been." The economy works like a seesaw. The higher you push it up, the harder it will fall back down. Stable growth comes from small long-term successes, not immediate ones. So yes, Trump is responsible for the stagnant economy, not the Democrats, not even the pandemic.

Vor 13 Tage
Bob
Bob

Wait, you're saying that a neo-liberal economy is incapable of coping with extreme economic disaster! who'd of thought...

Vor 14 Tage
The Lian Sin
The Lian Sin

I dont understand what is drop by 32.9%. If before the pandemic, the GDP is 1, and now the GDP is 0.671...?

Vor 15 Tage
N2O_
N2O_

I ain’t coming to America anymore

Vor 15 Tage
SERENAY YELLOWSTONE
SERENAY YELLOWSTONE

(THEY) Are not losing Nothing. (THEY) are just moving themselves to China. (USD to BTC. USD Losing BTC Rising.) 18th -20th century, (they) moved to england 20th- 21th century, (they) moved to USA 21st century - Apocalypse, (they) moving to China *ONE NATION ONE RELIGION ONE ECONOMY ONE CURRENCY* is (THEIR) Final Plan.

Vor 15 Tage
Priyansu Bhagabati
Priyansu Bhagabati

Now who is this (THEY)?

Vor 9 Tage
Denzel nicholson
Denzel nicholson

I think this pandemic has taught people the importance of multiple streams of income unfortunately having a job doesn't mean security. So I really appreciate your transparency and giving people a fighting chance during these troubling times.

Vor 15 Tage
A Weeb Who Says Ni
A Weeb Who Says Ni

This talk about that Mr Robertson being reachable on WhatsApp of all things reeks like the battle of all the scam bots to me

Vor 4 Tage
Excel Tiger
Excel Tiger

@Lana paige I'm thankful this is really helpful to my situation

Vor 15 Tage
Eamm michea
Eamm michea

@Marceilo volonté I'm thankful this is really helpful to my situation

Vor 15 Tage
Lana paige
Lana paige

I thought of investing in forex in 2018 but my friends and family discouraged me, is it safe investing in it now? And which broker is the best?

Vor 15 Tage
Marceilo volonté
Marceilo volonté

1 614 362 6424

Vor 15 Tage
Zoe Hardee
Zoe Hardee

love johann strauss

Vor 16 Tage
ALBER PAJARES
ALBER PAJARES

It’s called evolution,.. where is the roman empire, the spanish empire, etc,.. today?

Vor 16 Tage
ALBER PAJARES
ALBER PAJARES

If you are not american you pay tribute? 🖕🖕

Vor 16 Tage
Roman Romanowski
Roman Romanowski

All these morons can not read financial report, the economy in 2nd quarter was down 9.5%.

Vor 16 Tage
Mike Scott
Mike Scott

Bitcoin is the future, Investing in it now will be the wisest thing to do especially with the current rise

Vor 17 Tage
Flor Randy
Flor Randy

I live in US

Vor 17 Tage
Flor Randy
Flor Randy

Hello guys

Vor 17 Tage
Gladis Marquez
Gladis Marquez

Thanks sir🙏

Vor 17 Tage
Gladis Marquez
Gladis Marquez

My experience so far with Mr Brian Walter has been very productive. Kudos to him and I hope he keeps providing these signals. I’m so grateful to him and also my in-law who introduced him to me

Vor 17 Tage
Maria Lopez
Maria Lopez

I’m from Honduras 🇭🇳 I live in Florida for 8 years now I invested with him he’s good, I don’t work anymore I earn a living through Bitcoin trading

Vor 17 Tage
Jordan Carpenter
Jordan Carpenter

Meanwhile China is now the new world leader!

Vor 17 Tage
AAA P
AAA P

Tell me which Economy is doing well right now... Not China, Not EU's, Not UK, Not Canada, Not Australia, Not Japan, Not S Korea, Not Vietnam, Not Brazil, Not Argentina, Not Russia, Not Mexico, Not Chile, Not Malaysia, Not Singapore, Not Norway, Not Sweden, Not Iceland.......perhaps only Ireland and Taiwan doing better in 2020.

Vor 17 Tage
AAA P
AAA P

US May be down but so are.... EU Economy has tanked worse than US and EU near insolvent UK Economy tanked Chinas Economy has been taking since 2018 and now Xi telling everyone to eat less Japans economy has been in the gutters since the 1990s Argentinas currency crashing Brazils economy tanking Australias economy taking Mexicos economy never did well Venezuela is broken Canadas economy is tanked South Africas Economy is tanked Vietnams economy tanked due to Covid Russias economy was never good (Size of Italy or Apple) Malaysias economy has tanked for years Singapores economy is down Perhaps only Cambodia doing ok, Myanmar, Taiwan, Thailand

Vor 17 Tage
first last
first last

Some see this as a expected outcome of capitalism, a cycle of rise and fall as the rich take from the poor.

Vor 18 Tage
Christian Ø. Rasmussen
Christian Ø. Rasmussen

In what basis years are 1929, 2008 and 2020 measured in?

Vor 18 Tage
ุ

The whole prob with US is it’s become an American Plutocracy at the hands of elite business frats who pumped money for their election campaigns, versus Chinese Meritocracy where their people vote candidates at local town level, letting these officials proved their competence up the bureaucracy ladder. I think the merit of Chinese system and growth was too good for the West to handle. They worry China will revenge for what they did to China during the Century of Humiliation. The West should instead apologise and pay reparation to the old world of Americas, Asia, Africa and Australasia plundering and enslaving these people during the rise of Western powers. Amen.

Vor 18 Tage
FellTheSky
FellTheSky

32% is just the beginning

Vor 19 Tage
Sigma Scrub
Sigma Scrub

"children will live richer lives than their parents" *Laughs in Millennial*

Vor 20 Tage
Tomsfilipsons
Tomsfilipsons

I guess you don't enjoy all the etoro ads I'm getting on your videos...

Vor 20 Tage
Gonzo
Gonzo

Fiat currency always ends badly. Gold and silver prevent overspending

Vor 20 Tage
eekamoose
eekamoose

But it's just one guy that's got it coming in from China... We have it under control... It will just go away..."

Vor 20 Tage
J Black
J Black

The US is a consumption based economy. In 08, people didn't stop consuming, just tightened their belts a little. In 2020, there's been a lockdown that crushed consumption.

Vor 20 Tage
ir killer
ir killer

well have better lives then our parents when i see some futuristic technology like spaceships, futuristic buildings, flying cars, etc. and im seing nothing

Vor 21 Tag
Jiewen Chan
Jiewen Chan

blame the pampeo n trump

Vor 21 Tag
Gamingsites
Gamingsites

Time to move to China

Vor 21 Tag
Leonardo Espindol
Leonardo Espindol

China will never pass USA

Vor 21 Tag
Kaushik Venkatasubramaniyan
Kaushik Venkatasubramaniyan

Entirely forced on Americans and the rest of the world by those with a perverse agenda

Vor 21 Tag
buzzardneckseahag
buzzardneckseahag

Yet billionaires like zuckerberg and Gates are rolling in the cash. What a joke

Vor 22 Tage
Snow Crest
Snow Crest

What economic stupidity. "The U.S. economy has contracted 32.9% in the second quarter." Dummy reporters. That number is expressed on an annual basis...duh!. A student of Economics 101 would know this. It would mean the U.S. economy will go from $22 Trillion down to $14.75 Trillion. These people are idiots! Likely, the U.S. economy will be $20 Trillion+ for 2020.

Vor 23 Tage
Jonty Gao
Jonty Gao

When the economy is depressed, the rich people's wallets are bulging

Vor 23 Tage
Lucas Henrique
Lucas Henrique

The First chinese decade

Vor 23 Tage
H2h T
H2h T

It's interesting that the focus was how increase in "household" income through government programs would hurt the economy in the long run, and no mention of the Trillions and trillions of government handouts to corporations.

Vor 23 Tage
Roy Hoeksema
Roy Hoeksema

Jack Lan Well, that’s on them.

Vor 4 Tage
Jack Lan
Jack Lan

@Roy Hoeksema I mean 70% of NATO's budget was paid by the US. The US spent billions of dollars on foreign militaries like Israel, Japan, South Korea, etc.

Vor 4 Tage
Roy Hoeksema
Roy Hoeksema

Americans always act as if Europeans are some sort of commies for wanting to pay taxes to support our welfare states yet Americans pay a lot of taxes too which don’t even go back to the people💀

Vor 7 Tage
Jimmy M
Jimmy M

why is he British talking about us economics lolol

Vor 24 Tage
Daniel Widrich
Daniel Widrich

Why does "earned" income get taxed at a higher rate than "unearned" income? -- Because the rich get richer

Vor 24 Tage
Lihirgayan Raitea
Lihirgayan Raitea

Just curious, but won't the GDP drop further, now that many millions of unemployed Americans are no longer receiving weekly $600 surplus checks?

Vor 24 Tage
ElPocho DelMundo
ElPocho DelMundo

GDP drop of 33%. How did this happen? 1) The CCP, Chinese Communist Party; 2) Trump's narcissistic incompetence. This is a simplified version of what is of the essence, the basic truth of the situation. We cannot do anything directly and immediately to address the CCP problem. That requires an extensive plan, recruiting alllies that Trump has largely alienate, and a long term plan with a unified commitment to it. We can address the Trump problem, on Nov. 3.. We can begin to remedy that problem by registering the unregistered and trying to convince all to overwhelmingly defeat him at the polls. With a large electoral victory, a properly organized and directed D o J can prosecute the many criminals who have covered up Trump's massive criming.

Vor 24 Tage
Luke Spacewalker
Luke Spacewalker

Lol I got an Etoro ad while watching the vid

Vor 24 Tage
Zach Jones
Zach Jones

The U.S. will just start another war!

Vor 25 Tage
Jermain Parker
Jermain Parker

It's a hiccup obviously caused by the corona virus situation, which affected all major countries and so serves to level the playing field.

Vor 25 Tage
Andrés
Andrés

Let's see how it goes with the imminent ecosystems collapse

Vor 25 Tage
miskittt
miskittt

Barely lasted 400 years. Next time do right by everyone and maybe God would bless us for real.

Vor 25 Tage
Felix Bruyns
Felix Bruyns

The proximate cause is that media, academia and so on hate President Trump so much that they grossly exaggerated both the scale and the virulence of COVID-19 to ruin the economy and try to blame Trump for it. The broader reason is that societies that lose their moral values lose their economic value. When the soul is lost, the mind follows and insanity loses money.

Vor 25 Tage
Cody Williams
Cody Williams

all, for those that don't care about context, you also have to compare to other countries on a world wide basis. USA will come back even stronger with Trump getting re-elected. Note: I am not even from the USA.

Vor 25 Tage
Utter Non-Cents
Utter Non-Cents

Black Thursday pt2

Vor 25 Tage
Anna Firth
Anna Firth

It's not an accident. This was always going to happen after the recession (they never fixed the problems, bailed out the banks and printed money to put a plaster on it). Because they never did what Iceland did, and they knew the financial sector wouldn't survive round 2 they faked the CV scam once the downturn started (see the insider trading and CEO resignations ahead of time). What we are seeing now is called the 'great economic reset' where the powers that be try to switch us over to fully traceable, digital currency and digital ID. Best thing to do would be round them up before it progresses any further. Which I think will be after people have felt the pain long enough for banks to repossess hard assets. Also be on the lookout for national income type measures, where the government pays people to be obedient. And social crediting stuff ofc.

Vor 25 Tage
Back to Ceylon
Back to Ceylon

"Back to Ceylon" You can feel the simple lifestyle of people and village cooking style through this video. https://youtu.be/5ktlaeaxc8M https://youtu.be/Sl7CxQJ7Jvw

Vor 25 Tage
Alex Shuysky
Alex Shuysky

Well, if it makes the US feels better, the rest of the world collapsed with you too, except China of course. China's havibg a rave over the collapse of Capitalism right now.

Vor 26 Tage
Ahyote
Ahyote

You do realize China has a Capitalistic economy right? They're the worlds top exporter of goods, their entire infrastructure is with that in mind, do you really think China is gonna go unharmed when their entire basis of their economy of exporting goods to the entire world is put to an end because of the lack of demand? The entire world's trade is done in US dollars, that hurts everyone if the US goes down.

Vor 24 Tage
Jaguar Anmusk
Jaguar Anmusk

This was an artificially created crisis by the US deepstate and its foot soldiers in the Congress which consists mainly of bitter and frustrated establishment Democrat leadership itching to get back into power and will use any means necessary to get the current Trump administration out of office at the earliest. The latest "race wars" is one such example mainly orchestrated and run by the Democrat Party and its terrorist outfits BLM, Antifa and DSA in all cities and states run by them with funding thru "Act Blue" and $19 billion donation provided by billionaire donor George Soros. Shutting down the economy in the run-up to the elections while also creating chaos, violence and destruction to force law and order deterioration by tying up the police force (which support the Trump administration) was a good plan to hit hard at Trump's achievements. This desperate hail Mary strategy worked well for them so far but also made them vulnerable by opening the eyes of the larger public to the political football game where they are being used as pawns by the Democrat establishment. If Trump wins in November (most likely), further destabilization steps will be put in place, such as COVID hype intensification or other 'apocalypse' scenarios, similar to economic and law and order crisis foisted by the CIA in non-compliant countries who dont toe the line of US foreign policy. But if somehow Biden wins the election with the help (by trashing Republican ballots or delay result calls until Jan 20th, 2021) of US Postal Service Unions who overwhelmingly supporting the Democrat Party, then a week after November 3rd, all this COVID fake hype, hoaxes and fake crisis will magically disappear out of the US media screens and in the broader western world while things will return to pre-2016 environment. As a last ditch attempt, the election results will get deliberately delayed until after Jan 20th, 2021 where the Speaker of the House, Democrat Nancy Pelosi who could then become POTUS in the interim.

Vor 26 Tage
Fer Abra
Fer Abra

Infinite growth in a finite planet is impossible and always has been. The planet has ways of reminding us this fact.

Vor 26 Tage
Emiliano Elizalde
Emiliano Elizalde

you are not really feeding off productivity if you live off of a portfolio. I mean your money is in there being productive. The returns you get then go back to the economy when you buy stuff, so essentially the only way you are not productive in an economy is if you save the majority of your capital and you don't invest it.

Vor 26 Tage
Jon Thor
Jon Thor

Nothing last forever.. with everything there is the rise and the fall of an empire... soon the USA empire will end

Vor 26 Tage
Paul Mcgillen
Paul Mcgillen

America is 18 trillion in debt. And yet pump ever more money into military spending . The place is in turmoil , cities burning , a huge racial divide and covid 19 running rampant . It's eu allies are finding new allies and friends because of the trump administration trying to bully the biggest economy on the planet ( the European Union ) as well as everyone else . Trump manipulates statistics to suit himself It'll be interesting to see how america stands in 5 years if he gets in again. Irrepairable damage will have been done . The bow is breaking

Vor 27 Tage

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