I m an x-CA/CPA of NZ n Sgp. I m perplexed by the focus on the ups n downs, especially the downs, of stocks exchanges ard the world, especially the Walls Street, since trillions of "wealth" can be Created (everyone (seems like) is happy) or DESTROYED (everyone definitely is very angry!!) in a matter of seconds or a day!!
How does ANY of these relate to COVID-19? Sure the fact that if the world is infectex by this virus n nobody is going to go to work to design or produce or service or whatever, n nobody has the money to buy n consums or use the increasingly scarce products or services or solutions, the economy will shrink n growth can drop n dropped badly.
Those on credit to survive probably will b hardest hit. Cash will b KING or Queen.
Q is: how would the gov create cash that WILL NOT go to those finance experts who will AGAIN use it to "create Wealth" of inflated real estate prices or commodities?
How will cash b used to just pay employees who had NO REAL WORK to do but need to feed her/his families n elderly parents/parents-in-law, etc.?
How can PEOPLE realise that they MUST quickly learn to CONSUME LESS to make the scarce resources last longer?
Can we use only 1 piece of toilet paper after "shxting"? can we eat less rice or whatever so 1kg of rice can last longer?
Can biz n "rich" biz people dig into their past reserves (past profits made b4 this catastrophic COVID-19 struck) n endure losses for 2020 by paying their workers some salaries 4 NO WORK??
Can human race finally realized that farmers n fishermen r MORE RELEVANT to human's survival than moneyed men n women? Even the Social Media biz n the Mongols that industry created!!??
Sgp has lots of money supposedly in our national reserves. How much r invested in inflated financial assets vs. real economic assets of foods (land n sea) should b looked at with a new pair of eyes now, n into the future!!
May human kind learn abt REAL ECONOMY again. Sooner than later!!
How does ANY of these relate to COVID-19? Sure the fact that if the world is infectex by this virus n nobody is going to go to work to design or produce or service or whatever, n nobody has the money to buy n consums or use the increasingly scarce products or services or solutions, the economy will shrink n growth can drop n dropped badly.
Those on credit to survive probably will b hardest hit. Cash will b KING or Queen.
Q is: how would the gov create cash that WILL NOT go to those finance experts who will AGAIN use it to "create Wealth" of inflated real estate prices or commodities?
How will cash b used to just pay employees who had NO REAL WORK to do but need to feed her/his families n elderly parents/parents-in-law, etc.?
How can PEOPLE realise that they MUST quickly learn to CONSUME LESS to make the scarce resources last longer?
Can we use only 1 piece of toilet paper after "shxting"? can we eat less rice or whatever so 1kg of rice can last longer?
Can biz n "rich" biz people dig into their past reserves (past profits made b4 this catastrophic COVID-19 struck) n endure losses for 2020 by paying their workers some salaries 4 NO WORK??
Can human race finally realized that farmers n fishermen r MORE RELEVANT to human's survival than moneyed men n women? Even the Social Media biz n the Mongols that industry created!!??
Sgp has lots of money supposedly in our national reserves. How much r invested in inflated financial assets vs. real economic assets of foods (land n sea) should b looked at with a new pair of eyes now, n into the future!!
May human kind learn abt REAL ECONOMY again. Sooner than later!!
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