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The Worst Economic Collapse In History Is Starting Now: Be Prepared



#economic collapse #stock market crash #Jack #recession stock market #Education
The worst economic collapse in history is on its way. Be Prepared
This is a chart of the 2008 Financial Crisis. Over the course of 517 days, The stock market dropped by more than 56%, millions of people lost their jobs… their homes… and their life savings. It was the worst time for the global economy since the great depression.
And this is the 2020 Economic Collapse…so far… Over the course of just 21 days, the market has dropped by roughly 20%, the world has seemingly shut down, and we just might be on the worst economic trajectory in history.
So how did we get here…and what could we expect going forward. Well lets start off with the first part.
The first thing is that…as most of you know, there is a global illness going around that many people are worried about. And from my previous videos, you might know that my position on this is that if you get the disease, you will almost certainly be fine..
But it is disproportionately bad for the elderly, and those with underlying health conditions such as myself. So its good to be cautious on a social level, but also there isn’t need for you to panic on an individual level.
Initially when the disease had its first outbreak in China, it caused the Chinese Government to shutdown its manufacturing sector in order to help prevent the spread of the virus. Now, that wouldn’t be a problem…if 1/3 of all products in the world weren’t made in China. You see, China is the global supply chain of the world, so when China experiences delays in production, the entire worlds economy experiences delays as well..
Now I made a whole video on why this is…. which you can check out on my channel… but I won’t dive into that in detail here….
So, because of this supply chain slowdown, we have seen many large companies experience a slowdown in their sales and revenue. And this makes sense, because if you don’t have your product to sell, then you can’t make any money.
And here’s an example. The car industry is very dependant on tools, die, and machinery in order to manufacture their cars. But each on of these industries is experiencing 1 to 3 month delays because of the shutdown of the manufacturing sector. This means that car companies will not be able to launch their new annual vehicles on time, therefore missing out on billions of dollars worth of sales..
And also, because people are being asked to stay inside, be cautious, and work from home if possible, we have seen up to an 80% drop in automotive sales in some countries like china..
And this effect keeps trickling down. If the Car companies are seeing a drop in sales and revenue, then so will its suppliers. And if the suppliers see a drop in revenue, so will the raw industries that work with suppliers. And this effect radiates to all other companies that are connected to the automotive industry..
And what happens when a company sees a drop in sales or revenue? Well, we tend to see things like layoffs, or even bankruptcies. This would lead to a higher unemployment rate which would lead to less purchases being made by consumers, which would lead to less sales being made by businesses. And the cycle continues until the economy hits a low point like the great recession or the great depression.
And keep in mind, this is just the automotive industry. This drop in sales will apply to virtually every other industry in the world…except the toilet paper industry because that’s actually manufactured in a bunch of different countries around the world…yet sales have increased for some companies like KP tissue by almost 50%. So…there is no toilet paper shortage everyone…just a bunch of hoarders buying 100 rolls at a time.
Transcript out of room in description.
recession 2020
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#recession investing #federal reserve rate cut #global recession 2020 #recession #airlines 2020 #stock market crash explained #stock market collapse #federal reserve 0% #recession 2020 #stock market crash 1929 #Chapple #stock market crash live #bailout 2020 #economic crisis #recession explained #2020 recession #stock market crash 2020 #2020 crash #2020 market crash #recession investing strategy #2020 stocks

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It's funny how the economy is about to collapse because people are only buying what they
need.

by U2dva 6 months ago

Seeds. If you own land, start farming. I started this on a large property I own as a hobby and cause the food tasted way better than the stores. Now I think I might need to feed people with it. Save someone you know. Don't let them go homeless. let them live with you and take care of them. Lets vote to eliminate property tax on building extra dwellings on your property
so you can save your friends from sleeping in their cars. If God has blessed you, then save as many as you can. This is going to get bad and what good is being self sufficient if your friends fall.

by M Ppp 6 months ago

“Man.
Because he sacrifices his health in order to make money.
Then he sacrifices money to recuperate his health.
And then he is so anxious about the future that he does not enjoy the present;
the result being that he does not live in the present or the future;
he lives as if he is never going to die, and then dies having never really lived.”

by R Bil 5 months ago

Then: Global Shutdown 1.

by domsau2 6 months ago

The US has to start making products. Not just Kim Kardashian butt shows.

by eric maurer 6 months ago

Update: that 1.5 trillion went up in smoke overnight and did absolutely nothing.

by Trill Collins 6 months ago

I noticed that in early 2019 with some great debt rate, but I thought that to be happened five year later if nothing wrong happens.

Since this great bad event is triggering spiral down.
I thought this will happen much earlier even happened recently.

CPI will be also worth noticed, during this event, we should reconsider again the value of those currency when government starts QE printing to save market.

by 跳熊 6 months ago

Oh how the Amish or laughing. Their way of life is recession-proof for the most part they all come together and feed each other on natural resources. From what I gather.

by earl williams 6 months ago

"world seemingly shut down" Seemingly is an understatement, we had to shut down. Banks are still asking for money even after the government saved them.
That's the problem.

by Frik Frak 6 months ago

When there’s profit, it’s private money. When there’s a problem, it’s the taxpayers problem.

by Exile 1 6 months ago

I feel like history’s repeating itself

by King Kong 6 months ago

Proverbs , "The name of Jehovah is a strong tower. Into it the righteous one runs and receives protection."

by Renee - 5 months ago

When you put almost all of your eggs in one basket, then you're stuffed when they break

by Steve Skilling 6 months ago

Effective money management is needed if we want to build a strong financial future tomorrow. I currently do some passive investing which has bee doing well over time, so it's been a 50% expenses for me, 30% investing and 20% saving for me.

by Jace Grigore 3 months ago

Airlines expect to be bailed out for unforeseen events yet dont give refunds when flights are cancelled for the same reason

by DawgyDawg 6 months ago

“Lending 1.5 trillion?”
NO. GIVING 1.5 trillion.

by Lux Munky 6 months ago

Just remember you entrepreneurs out there this down cycle will lead to GREAT opportunities, new products and business models will emerge.

by N Brown 6 months ago

All recessions are manufactured by the banks, it is just a transfer of wealth and asset's, people really need to research how money is created.

by Tucker 6 months ago

No airlines shouldn't be bailed out, the assets and the demand won't disappear, new executives/management will step in and hopefully run them better.

by M J 6 months ago

“Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants – but debt is the money of slaves.” - Norm Franz

by ridow300 6 months ago

Mp3 Download

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