These are interesting times indeed Hive account@jrcornel ! Between the Coronavirus pandemic and the economic standstill across the world, people are losing wealth left and right - or at least, most of the people are.

Sure there's people who take advantage of this crisis and see it as opportunity, selling masks or other sanitizing products, or simply creating online businesses which are booming right now.

The problem is however that very few really understand the implications of global money printing to this extent. Few understand inflation and how it erodes their wealth slowly but surely.

The situation is really a double edged sword - first you need liquidity, Banks in some parts of the world like Egypt are starting to impose withdrawal restrictions, in fears of a bank run. Trying to restrict the ability of people to withdraw their funds from their accounts in order to avoid running out of money.

This is especially though for the normal individual since we need to have money stored under the mattress for rainy days, in case things go way worse, so we can buy the basic necessities like groceries, etc.

But in reality, we're hoarding cash, and slowly losing it due to inflation. We're losing in both scenarios. Either you risk having your money frozen in a bank account and not being able to purchase food, or you slowly lose purchasing value over time because of inflation.

And this ties into my last point, which is the fact that right now, this is the moment to start investing, to buy up long term assets that go up in price, instead of keeping your wealth on the side. But can you really afford to invest your money when there's a chance that you might run out of money? That you might not have a job, and not have money to buy food or pay rent?

Sure you can buy right now, plenty of sellers to buy from, but what happens if a few months, or maybe a year down the line things get really bad. Your savings and emergency money run out and you need to start cashing out of your investments. You'd be selling, maybe at all time lows, at a loss, with very little liquidity out there. Then what, then your money would still be sent to a bank account which you might or might not be able to withdraw from.

It's really a crazy time and I hope that people realize what's happening. You know the saying, expect the best but prepare for the worst!