The Financial and Economic Impact of Covid-19

In this video, we complete our discussion on the impact of the Covid-19 pandemic, how it is affecting the job market, businesses and industries. What trend has it triggered in how people make their living and we highlight how technology, like the Internet, Bitcoin and cryptocurrencies can and may help us.

Times seem bleak as we face the second wave of the Covid-19 pandemic and retreat to our homes in lockdown. In the past, people had gone through something similar. In this video, I share with you an inspiring story of a town called Eyam and the sacrifice they made to quarantine themselves during an epidemic to stop the spread of the Bubonic Plague spreading across England in 1665 and 1666. We also find out that Isaac Newton used his time in lockdown to do science. After only about a year in isolation, he had written three papers on calculus, solved the mystery of colours and light and came up with his theory of gravity which changed the world.

Summer is over, and winter is coming. Covid-19 cases and deaths are rising at an alarming rate. The UK, France, the Netherlands and Belgium and other European nations are tightening their measures to prepare for the second wave of the Coronavirus pandemic. Hospital beds are filling up, and governments are straining to support businesses and industries as well as the millions who have been laid off or cannot work. We discuss in more detail the events that are likely to await us: the circumstances for which we ought to prepare.

I wrote about my concerns for inflation a few months ago. The printing of money, as necessary as it may seem to be in the short-term, has long-term ramifications. Ray Dalio explains these concerns further. Wealth is not destroyed, rather it is transferred to another asset, to another country, etc. This is why investing or trading in other assets like real-estate, gold, silver, Bitcoin SV and other cryptocurrencies. The more diverse your portfolio is, the better.

Industries that are doing relatively well during Covid-19 in the US (but still an indicator for potential trends in other countries):

• Vacation rentals are rising — people want to rent places nearby, driveable, to avoid having to travel by air or train. 
• Sporting goods
• Luxury goods are recovered quickly
• Many e-Commerce businesses are doing relatively well

Companies reacted three ways when Covid-19 kicked in:

Covid-19 is forcing travel to change. This video discusses the future of Public Transport: Trains, buses and trams. 

Description: "The covid-19 pandemic has accelerated a shift towards remote working. This could affect not just people’s working lives, but the shape of cities, gender equality and even how we measure time."

It took a pandemic for us to really take advantage of what the internet brings into our working lives. 

 

Many of us are sort of holding out hope for when a vaccine will eventually be made and expect that things will get back to normal. However, there is a good chance that a vaccine for Covid-19 may take longer than the 18 months we often hear mentioned by optimistic immunologists. It may take years, or it may never happen at all.

"The Coronavirus Pandemic is still in full force and scientists and researchers are doing whatever they can to develop a vaccine, but in today's video we are going to take a look at a bleak scenario in which a vaccine for Covid-19 is NEVER developed. What would the world be like without a vaccine for this deadly disease?"

Description on the video: "Anthony 'Pomp' Pompliano explains how central bank actions from the Federal Reserve is devaluing the US dollar, while also pumping asset prices up. He goes into detail about what is happening, why Wall Street is confused, and what you can do at home to benefit."

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