Economy restart big Boom and prosperity Coming

[romero121]

There will be a lot new Capital in world.

There will be a lot of new debt created in the world.

https://www.usdebtclock.org/world-debt-clock.html

You're welcome.

Can you explain what this new debt can cause? I keep hearing that the world as we know it is going to come to an end, thanks to recessions and whatnot caused by debt, but I wonder what looking at boggingly large numbers helps in terms of, how can I tell if we're getting closer to that just by the chart? Or better yet, can it tell if we're moving away from such tragedy?

The effects of all of this debt being accumulated cannot really be summarized in a post, however it is obvious that any new debt taken by the government weakens it and there are many countries that are reaching the limits as a great deal of debt was created in 2008 to solve the crisis, but the sad part is that they did not solve anything they just made the losses that were suffered by a few to become the losses of everyone, not only this was immoral they only delayed the inevitable which is a crisis even bigger than the one we saw in 2008.

We don't get the truth out of the government, the suffering of the common people doesn't matter big. If some of the companies face a hard time, automatically the government helps with sanctioning funds. Maybe that is helpful in building the economy, but it keeps on weakening the common people. From my view the economic growth from the common people is the true growth of the country.

[7788bitcoin]

We don't get the truth out of the government, the suffering of the common people doesn't matter big. If some of the companies face a hard time, automatically the government helps with sanctioning funds. Maybe that is helpful in building the economy, but it keeps on weakening the common people. From my view the economic growth from the common people is the true growth of the country.

The government wants the big companies to sustain even if there is a crisis as it will help them economically and so is the reason you hear these big corporate getting huge rebates in tax and the government will fund them the loan they require as they know that it will help the economy rolling. The government cannot print out money for the poor as it will destabilize things but they are open to start a business and if you want to change your future you need to come up with a solution rather than waiting for someone else's mercy.

[LogitechMouse]

The big economy Boom and Prosperity Coming.
There will be a lot new Capital in world.
Right now in australia There is crisis... But soon it will be over coz australia will Give out huge loans like USA and uk did.
We will see all Around the World that Kind of economy booming that we never seen Before!!

The magic word is SOON. When will that SOON happen .
Most of the countries right now are in debt because of what is happening globally.
Economy will prosper but  not now and not until next year for sure.

It will take 2-3 years for the economy to recover.

If you Don't get Rich now you will stay poor all your life!! 

What the F?? Do you need to say this for real? Not rich = poor FFS.

And cryptocurrency boggest bull run will go Wild

Just like the Winklevoss Twins said that it will be crazy. Yours is just wild .

[FanEagle]

The thing about getting older and having more money, is the fact that older generations made enough money to buy houses and live a comfortable life with any sort of job, now almost everything is a conglomerate and they are paying people a tiny amount of money whereas small business can't continue to survive.

People think that amazon creates a ton of job, when you consider all the small business they caused to close down that means there would have been even more job created without amazon, or wallmart for that matter. So, that means the our generation might have enough money to retire decently, but until that point we are going to have difficult time to survive let alone live a good life, we are required to go smaller and smaller in life standard to reach that retirement ease compared to previous generations.

[Janation]

We don't get the truth out of the government, the suffering of the common people doesn't matter big. If some of the companies face a hard time, automatically the government helps with sanctioning funds. Maybe that is helpful in building the economy, but it keeps on weakening the common people. From my view the economic growth from the common people is the true growth of the country.

The government wants the big companies to sustain even if there is a crisis as it will help them economically and so is the reason you hear these big corporate getting huge rebates in tax and the government will fund them the loan they require as they know that it will help the economy rolling. The government cannot print out money for the poor as it will destabilize things but they are open to start a business and if you want to change your future you need to come up with a solution rather than waiting for someone else's mercy.

That is so true.

The government can't just print out money that would destroy them, the reason they are making new bills to tax everything for them to get back from the downs they received in their economies. Other countries are opening their main source of income that would make their economy stand again. People should also find a way to earn, and I can say that they can since a lot of people here in our country are starting to sell stuffs online to get some profits they can use.

[davinchi]

I don’t get the sentence you made that if people don’t get rich now they will remain poor forever? Mate, anybody can get rich at anytime, and moreover you’re saying this like government will be giving loan to every single individual, which is not true, people who are going to get loans are only those who own a business.

Moreover is not everyone that owns a business that’s going to get that loan, because the government brings out an amount of money that they are giving out as loan and they share it to some of the businesses. That’s how it works.

When it comes about crypto adopters and particularly bitcoin adopters, I guess the current economic slow down might be playing a vital role on deciding things like higher bitcoin prices will enable many people to think about retiring earlier than their actual plans. Anyhow, the current bitcoin's bull market is a scheduled one like it will be happening just after the every halving and all bitcoiners will be richer by at least ten fold by end of next year .

[Xembin]

Covid-19 has crotch so many economy in the world, some countries never recover from their lost during this pandemic, why some countries are using this Corona virus as a business to prosper in different countries of the world.

[South Park]

The effects of all of this debt being accumulated cannot really be summarized in a post, however it is obvious that any new debt taken by the government weakens it and there are many countries that are reaching the limits as a great deal of debt was created in 2008 to solve the crisis, but the sad part is that they did not solve anything they just made the losses that were suffered by a few to become the losses of everyone, not only this was immoral they only delayed the inevitable which is a crisis even bigger than the one we saw in 2008.

We don't get the truth out of the government, the suffering of the common people doesn't matter big. If some of the companies face a hard time, automatically the government helps with sanctioning funds. Maybe that is helpful in building the economy, but it keeps on weakening the common people. From my view the economic growth from the common people is the true growth of the country.

And that is because even if people are powerful they are so numerous they need to coordinate themselves in order to exercise that power, while those that are rich by being so few can coordinate themselves very easily and ask for all kind of favours and regulations that benefits them, as such most government do not really see the need to try to help the poor or the middle class but when the situation of a country reaches a breaking point in which you see millions of people protesting the decisions of the government that is when they begin to consider making a change but at that time it is too late to do anything.

[Emitdama]

In addition, we expect a second wave of the spread of this coronavirus.

This is one thing that no one is taking seriously and the second wave might be even more devastating than the first one given people are not taking as much measures as they used to take when the virus was new. People have got into a situation where they feel frustrated and the cold cash they had as savings is also evaporated in the recent times because jobs were cut down and everything was paused and now people need to work to feed themselves and hence the second wave might be a real trouble for everyone.

I feel like economies will restart slowly and everything will be good as long as we are alive we should be happy in tough times and thinking too much about economy is not the best thing one can do, just survive and help poor people around you to survive. Leave the economics to the government.

[Stedsm]

You're giving false example here that Australia will lend like others but do you know that they have been actively promoting crypto in their country already? And about crypto boom, yes I believe that we might see awesome days even better than 2017-18 period (and we're already seeing some superb returns with highly promising DeFi tokens which I'll now start to invest in after I do complete research because this is crypto and anything can happen here.

[ololajulo]

If anyone miss any chances of success in life, another one will come, it may not be as big as before or noticeable as opportunity but it will come. Cryptocurrency does not make everyone rich and also notice that most people make better decision with their second bullrun than the first. Third bullrun could be generational wealth. The opening of economy will be slow and there are very few fund that most people can invest in the space, next year when the economy is better only the daring can pick something from here

[wack slacker]

I don't think so, the prosperous economy should come from the actual production and circulation of goods, not from bitcoin speculation. I think when there is a vaccine to prevent COVID 19, everything will be stable again. The world is running out, they haven't worked in a while and they're just staying at home to use the money they have earned. It took 2-3 years for their life to become normal.
I think governments are going to keep printing money and trying to distribute it into society. Everyone will borrow money and continue to fail to pay it, the world will have more poor people only.

[Mauser]

I don't think so, the prosperous economy should come from the actual production and circulation of goods, not from bitcoin speculation. I think when there is a vaccine to prevent COVID 19, everything will be stable again. The world is running out, they haven't worked in a while and they're just staying at home to use the money they have earned. It took 2-3 years for their life to become normal.
I think governments are going to keep printing money and trying to distribute it into society. Everyone will borrow money and continue to fail to pay it, the world will have more poor people only.

Unemployment could rise again in the near future, especially if there is a second and maybe even a third corona wave coming. Sure the vaccine will help but only if its available for everyone. I agree that the effects of corona will still be felt in the hex 2-3 years. People stopped consuming heavily in 2020 and held off on a lot of investments. All these should be coming back 2021 and the economies should be growing again.
But I am not sure if it will be really a boom or just a slow recovery. I think people got really scared how fast the hole world can change and by just printing money and giving it to the people it might not all be used for investments.

[tyz]

The big economy Boom and Prosperity Coming.
There will be a lot new Capital in world.
Right now in australia There is crisis... But soon it will be over coz australia will Give out huge loans like USA and uk did.
We will see all Around the World that Kind of economy booming that we never seen Before!!

The magic word is SOON. When will that SOON happen .
Most of the countries right now are in debt because of what is happening globally.
Economy will prosper but  not now and not until next year for sure.

It will take 2-3 years for the economy to recover.

If you Don't get Rich now you will stay poor all your life!! 

What the F?? Do you need to say this for real? Not rich = poor FFS.

And cryptocurrency boggest bull run will go Wild

Just like the Winklevoss Twins said that it will be crazy. Yours is just wild .

I believe that only individual sectors will recover very quickly. Especially the tech industry. The tourism industry will suffer from the crisis for many years to come. People will change their behavior. The virus is here and it will stay here for a while. And we don't know when the next virus will come. Countries that have a lot of tech companies will recover faster than countries that live mainly from tourism. Look at Thailand, for example. The country is dependent on tourism but has a ban on entry from the outside, which makes the people there slowly slide into poverty.

[Dorodha]

It can also additionally don't have anything to do with funding however it'll take a long term for the country's economic system to recover. The authorities will now no longer be capable of without difficulty cope with the harm brought on to the commercial status quo via way of means of the epidemic and the growth with inside the quantity of unemployed. With the development with inside the monetary sectors, the unemployment price needs to be reduced wherein case the economic system can prosper and it isn't always viable to make investments with inside the economic system till vaccines are available.

[wiss19]

We need vaccines for sure to stop the covid 19 completely but now people knows that this is not going to affect them much if they are a healthy and its more like a common flu now.People are still getting infected and that is why governments are urging to find their vaccines and looking to save their economy.

That is not what I am saying.

There are a lot of countries that ended the contamination of the virus without the vaccine, one of the most popular country is New Zealand. They stopped it without vaccines, and the last week as far as I know one country even celebrated its 100th day without Covid-19 cases, and yeah, without the help of the vaccine.

But they were able to do that because their population is way too small compared to other countries and not every country is hit by the corona virus to be the same extent so comparing a country to another is not viable option because every country have different trade partners across the borders and how brutally a country is hit by the virus depends on various aspects.

Economy will restart and there are most of the big companies that are still operating at maybe a slower but good pace so there is nothing too much to worry about. The most problematic the virus has been is to the small businesses and the local industries so they just need to hold during this time and try to avoid shutting down their industries while the government must offer some relief to them via taxes or something else.

[abhiseshakana]

But they were able to do that because their population is way too small compared to other countries and not every country is hit by the corona virus to be the same extent so comparing a country to another is not viable option because every country have different trade partners across the borders and how brutally a country is hit by the virus depends on various aspects.

Economy will restart and there are most of the big companies that are still operating at maybe a slower but good pace so there is nothing too much to worry about. The most problematic the virus has been is to the small businesses and the local industries so they just need to hold during this time and try to avoid shutting down their industries while the government must offer some relief to them via taxes or something else.

New Zealand, including a country that has consistently responded to the Covid pandemic. Understanding that they have no experience in dealing with pandemics, they are imitating countries that have had brilliant achievements against Covid such as Taiwan, China and Vietnam. New Zealand's isolated location and relatively low population density have certainly helped contain the pandemic, but have little significance in the success of containing a pandemic. Precisely what is most important is the significant guidance exemplified by Asian countries that have successfully suppressed the pandemic through leadership, management and technology. A responsive, fast and firm response actually reduces the risk of a prolonged pandemic which will eventually spread to the economic, social and political sectors.

The economic conditions and impacts of a pandemic in each country vary depending on the initial conditions of the start of each country. Growth of minus 5.3% for developing countries may be deadly but the growth of minus 30% - 40% which is felt by developed countries as if it has no effect due to their good economic resilience.

[wiss19]

Alright, but your closing sentence is what I did not understand one thing I do know for sure is that not everyone is going to get their hands on that loan. So, should we blame people that doesn’t get the loan, because they didn’t get the loan, when we all know for sure that the government brings amount they can give out as loans to Businesses and then give to those who are lucky? Not everyone is going to get this loan, it’s not going to be enough for every single businesses, no government can afford to give to every single individual or Business in their country.

Let’s take for example, they can bring out $1 million and share for every business, if it’s shared $100k, only ten people are going to get it.

[imstillthebest]

Alright, but your closing sentence is what I did not understand one thing I do know for sure is that not everyone is going to get their hands on that loan. So, should we blame people that doesn’t get the loan, because they didn’t get the loan, when we all know for sure that the government brings amount they can give out as loans to Businesses and then give to those who are lucky? Not everyone is going to get this loan, it’s not going to be enough for every single businesses, no government can afford to give to every single individual or Business in their country.

Let’s take for example, they can bring out $1 million and share for every business, if it’s shared $100k, only ten people are going to get it.

people wont ignore loans especially if its been handed by them by the lenders . on this situation that people dont have money , they will not hesitate to accept the loan . not only governments can give a loan and not all governments are the same , there are governments that will prioritize normal individuals because those who have big business are already rich and can still live without loans but we must think wisely and dont do loans if you think you can sustain your daily living .

[AicecreaME]

Did you mean that it will make the poor countries even poorer?

I understand that the situation now is not good, but good for countries with good reserve as they can extend loans to countries who really needed it and they might give an interest that is higher than normal due to the situation.

Our country are already in trouble, we have big loans due to this crisis, but I believe this pandemic will be over soon and our country will recover, even if we have to pay the loans through our taxes, this is just temporary man because nothing is permanent in this world.

A country will prosper not only because they extend loans, but because all industries are contributing to the improvement of the country.

Because of this pandemic, majority of the third world country like ours, struggle even more.

It’s true that those countries with enough money in store for their nation offers to lend their wealth to other struggling countries who need it most. It may sound good because those poor countries will be able to fund their needs, however it would cost them a lot later on. Since there’s a specific due date for it to be paid and of course, it has an interest rate.

Poor countries will become poorer while rich countries will be richer. Poor countries will just eventually be trapped in billions of debts with high interest rates and those lenders would have more by then.

Unemployment is increasing and so are those people experiencing poverty. Only those upper class will feel and benefit from economic prosperity and will be unlikely visible to the middle class and lower class people.

Hopefully though, each countries economy will get better over time and soon recover form pandemic shock.