In 2020, we don't need to go anywhere and pay anyone we can just learn everything from our smart devices for free of cost.Something maybe helpful to groom us once we know what is the path of success but no one can define what is your success path, it your's job.

It's been a long time since I went to the seminar last time, maybe 5 years ago...
at that time I was still at the end of the seminar the speaker offered his own product, from there I realized that the seminar was just a field of money for those who were good at speaking. Since this outbreak, the seminars have gone away but they are turning to webinars, and just the same the average speaker offers only their products. seminars are not much different from bullshit.

 It is normal for countries to have debt, even when you have a business, you will have to have a debt a debt at some point to be able to survive or recover.

our country's trade balance is always deficit with China, they made an agreement with the Chinese government to use Yuan and Rupiah in trade transactions.

No one's even prepared with this pandemic and I'm pretty sure that most of the countries are also having a hard  time recover from all of the damage that this Covid-19 brought to humanity.

if not government then who will pay the expense ? knowing that people on your country depend the most on your government . if your government wont pay the expense thier debt will just rise  and rise up to the point that it wont all be possible to be paid .

 are they going to wait for that moment to happen ?  debts isnt the only thing that is rising but prices of the products are rising as well  . its sad that salary of the poor workers are not included on the rise , this are also the reason why they end up in debt .

I’ve heard the news before about the increasing global debt and it threatens another economic crisis and unfortunately Covid-19 makes the situation more difficult to many country. Imagine those country who are not in a good position before this pandemic, they are suffering 10x right now.

Debt is inevitable, no government has no debt because this is where the money came from and corrupt officials are using this debt for their personal vendetta not all but most of them. The pandemic before and pandemic right now is totally different.

This is true they keep on taking more debt and the result is that not all of them reaches to the final consumer for what purpose they take it. In between there is so much corruption that happen in the countries that only certain percentage might reach to the actual needy. But for government they do worry much because they are in power now and in next it would be somebody else probably so tis their burden to solve crisis etc. Thus, the debt keep on rising and this pandemic has just worsened the situation.

I won't be surprised that Trump thinks that way. Our country borrowed huge amount of money to other countries we currently have trillions of debt (Philippine peso).


Covid-19 is really a huge challenge for every countries that has lots of infected cases, except for some counties, that happened to fixed that problem within short period of time. Like China. It started to them yet they had the advantage on the world economy right now, they are really good on handling the pandemic. I hope this pandemic to end soon. It literally made our world economy to decline, but gladly, every country will cope with this and will gradually positively increase their economy.

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they obviously picked the loan option to bankrupt some other time, some survived but some failed.

Why care about religion in the first place? Most of the developed nations are predominately Christians, but you also see that number of Atheists is growing rapidly over the last 50 years. With increasing wealth the value of religion becomes less and less important. I mean honestly, going to war over some books written more than 2000 years ago seems crazy today. Under developed countries behaving like in the dark ages. It's just sad and we must stay above them, because in the end it's just a few rich people profiting from those wars. 

Debt in a national scale is not something a country can avoid, I think the efficient and proper distribution of borrowed funds is the key to utilize the full potential of a national debt.

OP seems to hate having a debt. If you are practical when it comes to finance then you could have avoided one. I do not know your lifestyle but I think it is time to be self aware whether you have the solution or you are part of the problem, stop blaming the government everything that is happening to you.

^ If you learn how business, finance, and economy works, you will know that debt is not your enemy. And you will know that financial literature and networks are the superheroes. In the situation that we have right now, debt is the best option for the countries to survive.
And I can tell, numbers will only be lowered but never the value. The lockdown in 2008 is nothing compared to today though. The lockdown of today is more centralized and controlled by the powerful people behind the curtain.

It is just normal that the debt goes up for every country that is directly affected by the pandemic do have that because not all countries do have a pretty rich economy to support its people most specially on the third world countries for they are lacking of resources and the capability to create ways on how they can have funds as of the moment. There is nothing wrong on having debts right now for we are currently on a crisis and one of the thing to keep up and survive this crisis for the sake of the people is to borrow money that will be paid of course once everything gets back to normal and the country's economy have already full recovered from the recession it experienced during this pandemic.

It has been a long time since the world faced a dangerous pandemic like this. I can't expect everything will be the same as before, especially when this virus has stolen more than 1 million lives. The lockdown is obligatory to save as many lives as we can. I know that the results will make many people lose their job. But as long as we still here, we can build anything with our own hand.

Debt is really a bad thing. It is hard to maintain our living conditions during this circumstance without having a huge debt. Just try as best as you can and I believe you will have what you deserve.

Every system has its own advantages, the reason why most of these firms are not moving out is because of the cost of production, which is very low in places like China and Vietnam. You don't have any Union to negotiate with and there are several things like environment impact assessment that you need to pass in these places unlike developed nations, as long as people start putting profit before values these firms will not relocate

That's right, an increase in debt is inevitable.  Debt is basically used to increase productivity, but this year debt is no longer running with its leverage function.  Debt increases only due to securing a country's economy for a certain period of time.  The government, which has increased in debt due to Covid, has made debt an alternative to safeguarding the socio-economic conditions of its people.  The pandemic has exacerbated the amount of national debt, especially in developing countries.  I hope, with the increase in debt, the government will be able to allocate it properly, so that the handling of Covid will end soon.  Honestly, I'm really tired of the current situation.

Any country also needs to borrow for economic development. We are building the world on debt. There will come a time when debt balances will rise higher and central banks continue to print money to pay debts.
I don't believe in markets because they follow heterogeneous rules. This downturn is different compared to 2008 when stock indexes recover quickly and reach a new ATH. Perhaps the world has printed too much money.

many of the rich people got rich by taking these kinds of high risk moves. but they do it with some experience and the know how of the internals of the markets they are doing it it.
in the end fiat will always dump because of its inflationary nature and there is no escaping that. so if they could get more money even through loaning and invest it in assets that can not lose their value they can make a ton of money. of course again being in the inner circle helps them a lot.

The British Crown is the ultimate owner of all of the land in Canada, Australia, the UK and a load of other countries. This makes the English Queen the ultimate owner of more land than any other dynasty in the world.

The super rich borrow money at negative interest rates, and use it to buy hard assets. They then wait for the collapse of their fiat currencies to clear their loans ( if they feel like it ).

Hmmm, perhaps there is a connection between the two?

Conformist SJW types and racist, sexist misanthropists alike are digging their heels in. Part of it is the economic situation coming to a head. For decades, wages have been stagnating while living costs surge. This has resulted in a new generation of angry, misguided, and broke people who can't support themselves (they depend on their parents) and are, apparently due to their pathetic lives, sexually inept. These people are lashing out, economically in the form of populism (anti-immigrant sentiment plays a big role here) and socially in the form of these protests and online communities.....Proud Boys, Patriots, etc. Essentially I think these people are largely a generational reaction to the economic situation. So was the election of Trump in 2016. In turn I think a lot of the increased SJW activity is a direct reaction to their presence online and in street rallies, etc. although it's also a manifestation of the type of left-wing populism that can erupt when the economy gets worse and worse.

This has all been coming to a head for years already. The mass unemployment caused by the corona virus lockdowns and economic contraction quickly brought it to a critical mass though.

And to boot, it made it so millions and millions of people now have way too much fucking time on their hands to go out protesting or shout their views at people for 12 hours a day online.


Markets get propped up by the Fed and Congress. Homeowners get bailed out. The lockdowns were a new twist, the amount of money printing was unprecedented, but everything else looks quite the same. That's why the market recovered so fast.