Today

What is going on in the world of today?

Covid 19 has taken the world by storm and is shutting down the entire worlds economy. The question asked why so serve and why has the stock market dropped so severely?

Listening to Robert Kyosaki tell his veiwers that some of the real reason behind this has to do with the economical crash of the shadow banks in September 2019. What is the shadow banks and why does that matter to anyone? Shadow banks are banking systems such as pay day loans, Hedge funds, mutual funds, investment banking and more. This is a system that is either borrowing money to make money or acting as a bank such as pay day loan. The issue is they have crashed meaning a couple things.

A. Hedge fund/ mutual fund managers have lost in the stock market and are unable to pay back the AAA grade investment bonds they borrowed from the banks. Which in turn the banks then have to tell the investors of these bond that they have defaulted and there again we have a 2008 crash but, this time it is not real estate.

We shut down the economy and the fed is bailing out hedge fund and other companies. Oh wait people are starting to not afford there mortgage payments anymore and will default on their mortgages due to the economy shutting down. So now we have a real estate crisis on our hands as well.

Oil is getting shutdown or is already there. Some of the largest oil producers for the United States have ramped back production. Smaller oil companies are filing for chapter 11 bankruptcy which is just a reorganization of the company but, still will have major impact. Trump has negotiated the slowing of production OPEC last week but, well see if they slow down to producing 9.7 million barrels less production to help get things back rolling. The damage is already done for the production of oil and could take a little bit to get back on track.

Where are we heading?

Right now were in a rocky area but, once we learn how to contain this Virus and things start to open back up I predict we are going to see a Huge economical boom! Like never seen before!. Were going to have a repeat like the roaring 20’s as things stabilize. Oil may stay low and effect energy workers for oil or it could flip around and ramp up. How is there going to be a boom after this crisis?

Oil prices staying low means that there will be low gas prices. Low fuel prices will be great for mining companies and many other industries that spend tons on fuel. Technology will boom, 5G is coming and with that Artificial intelligent. Solar seems to follow oil prices, so cheap oil may make it feasible for more people to adapt there homes to solar energy. We are printing a insanely amount of money. Inflation will take over so stock market as a whole may double in the next 5 years, a lot of potential for investing. Crypto currency is becoming recognized as a currency by governments such as India is recognizing it now. Crypto has always been around but, not established as real currency, we are moving to make it real currency and with that select few crypto currency will be chosen as the main currencies to use as others fall to the main side. Electric cars to flood the United States. 

     As I am no financial guru and cannot predict the future only my own thoughts from what info I gather. I believe that we are going to have economical boom for the next 8 to 11 years and then the party may be officially over. As the dollar is keeps going down in value due to all the money we print we will be in grave trouble if we continue to practice such financial irresponsibility.

 Either we may be heading into a great depression now or in 10 more years because, we clearly have not learned. Our money is dying and will continue to do so. We should switch back to the gold standard that way our money is backed by some kind of asset, crypto currency is not the right currency to switch in case we had to. As the value of our dollar drops due to inflation, we must consider what will the new currency be? How do we avoid going into such economical disaster moving forward.

I wish who ever to read this well.

Helse.