Will the government understand?

[btc_angela]

With the society collapsing , I fear for a common man , I fear for the families who were already living on the edge and now without any jobs , without any money , they are surviving on the brink .
Yes the government is distributing food for the poor , they are doing whatever they can , but it is not enough .
Just like , we are able to transfer our education system , all online in a matter of days , why are they not doing the same for most of the offices ?
Even at the time of the crisis , corruption still can be seen , when a country which is considered the most powerful , the US , when the people cannot trust the president itself , who can they trust at that time ?

Corruption has been with us for centuries, so I don't know if those corrupt are going to take a back seat because of the pandemic. For those living below poverty line, I think the government needs to prioritised them.

I do know that people engaged in cryptocurrencies are way ahead of the time, so do you guys think there is a way by which jobs can be provided to the needy because we all know that a vaccine is 12-18 months away .

I'm under the impression that people who are engaged in cryptocurrencies are in the sphere because of situation like this.

I doubt thought that there could be jobs created out of this pandemic.

Things will take a lot of time to be normal , till then how will the economy survive?

It might take some time for the economy to recover. That's why cryptocurrencies are a good hedge for everything. We have a fairly good head start, I think we can last until everything settles down.

[AniviaBtc]

With the society collapsing , I fear for a common man , I fear for the families who were already living on the edge and now without any jobs , without any money , they are surviving on the brink .
Yes the government is distributing food for the poor , they are doing whatever they can , but it is not enough .
Just like , we are able to transfer our education system , all online in a matter of days , why are they not doing the same for most of the offices ?
Even at the time of the crisis , corruption still can be seen , when a country which is considered the most powerful , the US , when the people cannot trust the president itself , who can they trust at that time ?

I do know that people engaged in cryptocurrencies are way ahead of the time, so do you guys think there is a way by which jobs can be provided to the needy because we all know that a vaccine is 12-18 months away .

Things will take a lot of time to be normal , till then how will the economy survive?

the whole world in chaos right now and we don't know what are waiting for us in 3-4 months and how many people will die in this situation by coronavirus and by not getting proper food and treatment but whatever happens economy might get 5-10 years behind because of this. And there already many conspiracy theory going in which is not good for us I hope we can overcome this situation by working together.

Stay home Stay safe

In US, their stock market really dropped as this virus immediately spreading in their country. As this Covid-19 is continuously spreading, still their leader or their president is doing nothing but only a reminder. The government in US is very passive as it doesn't do some actions to prevent and lessen the transmission of the virus. The economy of US have no progress this time as President Trump still underestimate the influence and effect of the virus to its community. Meanwhile, China is progressively reducing the number of cases in its country because I think they already have the vaccine for the Covid-19 virus. Also its economy is not that affected and I'm wondering how and why. It is impossible for the country to manage their economy as the virus is also affecting their market and people. China already survived and have a stable economy as this virus is still spreading in some other countries.

[Latviand]

With the society collapsing

Dude, society is not collapsing.  This is an outbreak of a virus that isn't particularly deadly, and it's only going to be a temporary thing.  Yes, it's having huge effects on the economy but I don't think this is going to spark massive unemployment for the long term--and I'm hoping the effects aren't too drastic in a year or so from now.

the whole world in chaos right now and we don't know what are waiting for us in 3-4 months and how many people will die in this situation by coronavirus and by not getting proper food and treatment

There are going to be more deaths from COVID-19, but compared to other causes of death that number is relatively small.  It isn't as though this strain of coronavirus kills everyone it infects.  Most people who get it feel like they have a cold, and this whole situation could have been much, much worse if it were a deadlier virus.  It'll take some months, but the world will get back to normal.

several decades ago, people kept savings worth several months of income. being out of work for a couple months would not mean economic collapse. fast forward to a society where most people live paycheck to paycheck and have zero savings. most small businesses can't survive shuttered for a month.

i would like to share your optimism but we need to exit the crisis stage first---flatten the infection curve, secure enough hospital beds and ventilators, etc etc. on the current path, the USA simply doesn't have adequate healthcare infrastructure for the projected hospitalizations.

for things to improve, the population needs to start taking the threat seriously. people are still throwing coronavirus parties, not wearing face masks in public, not heeding shelter in place orders. it's insane!

tbh, americans are pretty retarded---they obviously have little to no regard for vulnerable populations like the elderly. the projected deaths are getting higher everyday. most of those deaths are gonna be our parents and grandparents, all because of these arrogant assholes who think "it's only a cold, what does it matter"? and they go around spreading this extremely infectious virus exponentially through our communities.

trump downplaying the pandemic every step of the way for the last 2 months has worsened the crisis immeasurably. americans never took it seriously. they still aren't.

If you're in a third world country, you will really experience the true effect of economic crash during this time of crisis. Most probably, the economic debt of that country will increase and become higher until they can't pay instantly the amount that they borrowed. The only good thing here is that you will support and take care of your people as your country is fighting for the Covid-19 pandemic. Economy of US went down as the number of cases in their country is constantly and consistently increasing, the same with Italy, their stock market also crashes. Do you think that this is just temporary? Or it will permanently affect other country's economy? Hoping for all of the countries affected to recover and survive this crisis, physically, mentally, and economically. It is not that easy for a country to manipulate their economy instantly so it is a long way to go to recover.

[target]

I do know that people engaged in cryptocurrencies are way ahead of the time, so do you guys think there is a way by which jobs can be provided to the needy because we all know that a vaccine is 12-18 months away .

Things will take a lot of time to be normal , till then how will the economy survive?

I have no idea there is a vaccine that's coming in 12-18 months. Chinese solved their case without vaccine involve.

But if we think about hte worse scenario, the wolrd is in the brink of choas that we only see in movies. We could see millions dying, looting everywhere, killing and robbing on streets for food. Its going to be worse for people living in a regions with no water and food resources.

[celot]

I think many benefit if bitcoin become legal transaction and government give space for bitcoin become legal transaction, will have transparent system payment if using bitcoin and keep away from with corruption if government use bitcoin as their payment in every sector.

[amishmanish]

tbh, americans are pretty retarded---they obviously have little to no regard for vulnerable populations like the elderly. the projected deaths are getting higher everyday. most of those deaths are gonna be our parents and grandparents, all because of these arrogant assholes who think "it's only a cold, what does it matter"? and they go around spreading this extremely infectious virus exponentially through our communities.

trump downplaying the pandemic every step of the way for the last 2 months has worsened the crisis immeasurably. americans never took it seriously. they still aren't.

Americans are responsible for some of the greatest achievements of the modern society, yet on the whole as a people, they really are incredibly dumb and selfish. From their reactions on gun laws when school-shooting happen to the present uber-machos on twitter saying stuff like "this is the govt trying to take away your freedom", "How is your free trial of communism", "Its just overblown. look there is no crowd at the hospital", "Deep-fakes, fake media, Trump is God". It is unbelievable how dumb this is.

The only thing that works is to maintain social distancing personally, in your family, in your locality and ensure that your own little island is safe. Keep your individial islands safe for long enough and once enough people realize that its no joke, we can possibly get back to normal with some precautionary habits like no handshakes, masks, covering when sneezing and sanitizing hands and oft-touched surfaces. That is basically all that is needed but unfortunately, the whole lot of them are individual experts in epidemiology and governance.

[abhiseshakana]

- snip -
I do know that people engaged in cryptocurrencies are way ahead of the time, so do you guys think there is a way by which jobs can be provided to the needy because we all know that a vaccine is 12-18 months away .

Things will take a lot of time to be normal , till then how will the economy survive?

In the current conditions, cryptocurrency will not be able to do anything. Because what is attacked are economic subjects in the real sector which ultimately affect the market. The only solution to overcoming this epidemic problem is how to block the spread of the plague and minimize the impact caused by the pandemic.

I don't think the government understands or doesn't want to understand that the end of the trade war is the beginning of the military war, after the trade war, there was a currency war, an energy war, a technology war, then now covid-19, is this not a biological war? The coronavirus has been around since 1980 but is not as deadly and fast as this transfer, because covid-19 is an enrichment virus.

So when covid-19 should have appeared in December in Wuhan, intelligence agencies in all countries should have already signaled the start of a national threat that would mark the start of the third world war.

When it should see a national threat signal, the government immediately builds national reserves, towards the health, food and capital distribution sectors for small and medium businesses. Many governments of various countries are late in responding because they misread the geopolitics of the world, so they consider co-19 as a common pandemic of flu or smallpox, whereas covid-19 is a warfare, so the government must be extraordinary.

As long as the public health system is good in a country, the corona is not deadly, but when the health security system is bad, the cases will be like Iran and Italy. In this condition of force majeure, economic interests must be set aside and prioritize humanitarian considerations.

In addition to compartmentalizing and controlling a pandemic, the government must also start thinking about and finding solutions to the after pandemic effect. Global issues that are pressing all countries today are the corona epidemic, the economic downturn & the global recession, falling crude oil prices to affect small businesses in the community which has an impact on rising unemployment. So besides thinking about blocking the coronavirus, the government must also think about how to reverse the economic curve.

[Kasabus]

I think many benefit if bitcoin become legal transaction and government give space for bitcoin become legal transaction, will have transparent system payment if using bitcoin and keep away from with corruption if government use bitcoin as their payment in every sector.

This may take more long years to go before bitcoin will be fully recognized by all countries and be supported by government. For now, we are all facing tough times due to covid-19 so this is the time for the government to help us and give us food and financial assistance so we can cater to our basic needs. The government has its own fund for emergency cases like this so they should do their part for us.

[shoreno]

i didnt know that the vaccine will be release on those said dates but do you have a source on whered you read it ?  not all knows this but 18 months or more is too much  , why the heck it will take too long when already have good equipments these years or maybe formulating it isnt really easy even on a not sevre virus  but anyway governments will understand it for sure and will make a way for thier people to provide some help .

  i dont think corruption still takes place and no one will tak about that for a while

[el kaka22]

Am I the only one who is thinking that for the first time ever (except USA) governments are actually doing what they suppose to and they are actually working overtime and trying to help as many people as they can? Like right now there are so many nations who are postponing bills, who are dropping taxes here and there, making healthcare not only free but also accessible quite easily, helping out the poor, paying welfare to people who are unemployed and many many many decent democratic socialism things that are looking after the bottom up instead of top down.

I know we have been looking for governments who are using the taxes they take to help out the ones in need but it looks like maybe corona actually made them realize that not everything a politician does should be tied to votes, maybe you can do things without caring about votes and just caring about humanity.

[royalfestus]

I don't desire any support from the government for cryptocurrency, they cant give what will replace fiat in their country but can show enough negligence to allow the use of cryptocurrency and allow the fiat to cryptocurrency trade. Development will always come from every country financial system that allow adoption and building project around cryptocurrency. However, Blockchain keeps enjoying the adoption in all sectors of the governent

[maxreish]

We can survive this crisis. I mean, we should! I am also seeing those government officials that are still corrupting the budget for the people who are really in need in times like this. Our economy is suffering a lot, I know government is doing their best to help the people but it wasn't good enough.
 
 Some people are starving to death and yet those officials still aren't giving what people deserve for. How about the no work no pay employee? I am sorry but I am disappointed for the slow response and I do hope this will be a way for the government to understand our real situation.

[Viscore]

Most of the business are close upon the order of the government, so people does not need to work.

The best way to survive in this pandemic is just to stay at home, and now it's time for the government to provide the needs of the people as we are taxpayers and I'm pretty sure the government has a calamity fund for situation like this, and if they don't have enough funds, they need to borrow money just to provide the people what they need which is the basic needs.

[criza]

Most of the business are close upon the order of the government, so people does not need to work.

The best way to survive in this pandemic is just to stay at home, and now it's time for the government to provide the needs of the people as we are taxpayers and I'm pretty sure the government has a calamity fund for situation like this, and if they don't have enough funds, they need to borrow money just to provide the people what they need which is the basic needs.

Here in our place, the city Government do what they can to give assistance to a lot of people quickly because, the people are now losing food and need to survive the calamity but, if the outbreak won't be stopped sooner, a lot of family will experience hunger. The calamity surely affected a lot of countries around the globe but, we should not always blame all to the Government because, from limited resources they are making strategic moves to both combat the virus or stop it from spreading and feed a lot of families in the entire country.

[Arcas]

When normally and back good situation where bitcoin at the top price government will care with bitcoin and take part for bitcoin become legal payment transaction, with easy way how to sent money to other wallet give feature with bitcoin become legal payment in the next moment.

[abhiseshakana]

We can survive this crisis. I mean, we should! I am also seeing those government officials that are still corrupting the budget for the people who are really in need in times like this. Our economy is suffering a lot, I know government is doing their best to help the people but it wasn't good enough.
 
 Some people are starving to death and yet those officials still aren't giving what people deserve for. How about the no work no pay employee? I am sorry but I am disappointed for the slow response and I do hope this will be a way for the government to understand our real situation.

Supposing we are playing bodyboard, we are now sorting out which waves we will take to arrive at the beach safely. This first wave we have to get through the corona wave safely so we can choose the path to face the second wave, the after pandemic effect or the wave of the recession caused by economic paralysis due to a pandemic. But the struggle doesn't end there is still a third wave, the tsunami wave, a war between American superpower and China's great power, whose escalation peaked before the November 2020 presidential election.

The stock market was destroyed because of panic selling or the capitalists had coded that soon there would be an economic reset because bond papers were overvalued and would be discarded. The stock market will be left destroyed because the ones who will lose are small investors, while the giant capitalist has saved himself by holding fiat, with the aim, when resetting happens, they have fresh cash money to continue their hegemony. We take the example of Warren Buffet (Berkshire Hathway) selling 70% of his shares in various investments even though he is the one who always keeps the shares for the long term, suddenly holding fiat money.

With the corona outbreak, America will print money by issuing new bonds and fiat money held by capitalists will be used to buy the debt paper. So in the new setting America and the capitalists remain in power.

[mu_enrico]

The government is always wrong, that is because of HINDSIGHT BIAS
https://www.investopedia.com/terms/h/hindsight-bias.asp

Let's say at the time Wuhan faced the epidemic, governments then closed all the borders, so there would be no pandemic like today. The haters would say that the government is overreacting, causing damage to the healthy economy, etc. Come on, man!

This crisis will end for sure, and don't underestimate the power of entrepreneurs. They will move the economy forward. Fixing the economy is very doable, but raising people from death is impossible.

[bitcoinst]

In a pandemic, any state will try to restore stability as soon as possible. However, not every country will do it right.
For example, in the United States and Western countries, states allocate funds for their citizens without problems, because chaos can begin without livelihoods.
But what will authoritarian and totalitarian countries in which corruption reigns do?

[Reid]

I asked myself about this for some time.
What if this takes longer?
Bad things will happen on the street. No more security and people will start fighting for food.
The people's tax is what is being used by now but those officials get their salary from it too.
I bet they would want to use it for themselves first rather than giving it.
This world will become a survival of the strongest. Sure is unfair but what could we do about it?
We can't go to the streets to push those officials into doing something about it since the virus could spread more if people are in place.

As I see it, it became a social media battle by now. It's bad but we need to go through this. I am one of those average human who might get hungry anytime if this takes longer.

[FanatMonet]

What can you offer? Let's say Trump takes the same measures as Franklin Delano Roosevelt, who began to repair the infrastructure, but how do you imagine this? How much do you offer to pay these people? If you have a clear financial plan, then offer it to the government, if not, then this talk is a dummy.