From my point of view, in the United States and partially in Europe we're gonna see consumer prices increase. Meaning - the stuff that you buy on a daily basis whether it's food, other basic supplies, the medical care, education... just unfortunately the things that the real people buy - those prices will go up. Where the items that you might use credit for, like a very high-end vehicle, those prices will most likely fall.
If we are talking about houses - job is a complete unknown, so the supply is so low because people are selling. Even though the demand side of the equation drops the supply side of the equation has dropped even faster !!! with houses and therefore we haven't seen a big price decline. Yet. There's no certainties, there's only probabilities.
Treasury general account that's held at federal reserve - they have allowed that to get up to 1.6 trillion dollars (to give you some context prior to the GFC that would hover between 2 and 5 billion in year 2007)
That's the Treasury's bank account and they can spend that amount into the economy - whenever they choose. So they could spend 1.6 trillion into the economy -literally- within a matter of two weeks! That's a big deal, because that does the exact same thing as quantitative easing from the standpoint as ... it increases bank reserves. But additionally it increases the amount of deposits or M2 money supply in the real economy. So think about QE 3 that was eighty billion per month. So they've got this war chest coming into the election where they could spend 1.6 trillion in a month and think about what that would do to the prices of goods and services!
Because we're in a situation where the supply of goods and services is just like housing now. It's for different reasons but the supply chains are getting crunched. Businesses are going bust, so the supply of goods and services decreases further, while at the same time you've got the Treasury blowing a trillions dollars... (Something to think about)
Small businesses
41% of small businesses in the United States that advertise on Yelp are now gone forever. Whole "scamdemick" has been a deliberate way to cull small businesses - to allow the merger to complete itself between corporations in this new American government, in this new world order. Think about that. 41% is probably better numbers than they were hoping to achieve. You are watching freedoms and liberties being stolen out right from under usual "Jack and Jane" and is going to get monumentally worse.
3 steps of Tyranny
Want to go over how tyranny takes hold. Okay there are three steps to this - it's always the same throughout history. It
never changes:
phase 1: They strike at your ability to speak, they silence you
phase 2: They strike at your convictions at what you believe
phase 3: They strike at your intellect, your ability to think, they take away your ability to think via mass distractions, misinformation and false narratives
Most of the world, specially the west is in that final stage right now. Maybe something to think about...
World reset quote on WEF
I was just reading World Economic Forum and when I spot a saying from Professor Klaus Schwab, Founder and Executive Chairman, World Economic Forum...it blew my mind. Not because I would not know that earlier, but because they put this information out like they are talking about their dinner.
Professor Klaus Schwab said (a quote) "The pandemic represents a rare but narrow window of opportunity to reflect, reimagine, and reset our world"
Link: https://www.weforum.org/focus/the-great-reset
Still believe the government is telling the truth with regard to the coronavirus?
You rock. Continue your good work.
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@tipu curate
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Upvoted 👌 (Mana: 0/1) @swap.app - quick steem <-> sbd swaps
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