The Monetary Abyss Stares Back and Asks Who’s Next? — Strategic Culture

KW: So many peole are talking up the chances of things ‘getting back to normal’ once the covid-19 virus has been beaten. BUT and its a big BUT, when will the virus be beaten to allow that? This is the first question. 4 weeks time? maybe. But what if a new arrival if there are any, brings it back into the community do we go back to square one? When does a vaccine arrive to give immunity? should we be asking Bill Gates on that one? Hear what he is saying. He has his fingers in lots of virus pies.

Back to the ‘recovery’ scenario.

It’s not going to be back to work, flick the switch and normal resumes miraculously. The thousands of workers now unemployed will have little demand, production supply lines will still be stuffed in many instances and businesses have just closed down for good. If we have a crashed economy there is going to be a lot of effects right throughout it for a very long time such as a lot less money for important things like health services, education and so on. As well as Tom Luongo explains in this article below there is going to be an enormous battle by authorites to convince everybody the central banks know what they are doing and we already know they don’t. Restarting the economy that governments the world over have closed down and effectively crashed is going to be a fitfull and exasperating period in our lives. It will be far from a smooth resurection if indeed a resuection is possible

 

We are at a critical moment in the history of politics and markets. Everyday the U.S. government stares into the fiscal and monetary abyss and…

Source: The Monetary Abyss Stares Back and Asks Who’s Next? — Strategic Culture