The pandemic lockdown is hitting the world's economic systems hard. Unemployment numbers the past few months have been buoyed by stimulus and intervention, but as the unemployment bonus and direct stimulus projects wind down, the worst is yet to come.
As the stimulus funds projects wind down, we are about to see a major pullback in the markets. The Federal Reserve cannot fully back the markets forever.
In the United States, over $6 trillion was injected into the economy. Small business, large corporations and the individual citizens have been big beneficiaries of this money. The money that was printed out of thin air has been enough to barely fill the gap that the lockdown created, but it is not enough.
We will reap what we have sown. Make sure to buy gold, silver, Bitcoin and food preparations.
Works Cited:
Image from Pixabay.
https://www.google.com/amp/s/amp.cnn.com/cnn/2020/08/05/economy/july-jobs-report-preview/index.html
Posted from Telokanda Hive Dapp