An Economic Pandemic

https://www.marketwatch.com/story/f...obal-economic-pandemic-is-building-2020-02-24

Good morning all,

Per ...

We do live in interesting times. We get to watch - and experience - the new world order get assembled.

China will survive without Starbucks. ("Pass the biscuits - and tea - please")

Does it matter if there is "no widely accepted, consistent methodology" to establish economic impacts of pandemics ? Study some wars and oil embargoes. Retarded growth can be plotted out.

......

Regardless, unless ultra busy with preparedness matters, block off some time to worry about the IMF.

 

"Many Indians Depend on Gold to Stay Afloat During Pandemic"

https://schiffgold.com/key-gold-news/many-indians-depend-on-gold-to-stay-afloat-during-pandemic/

"Gold has served as a lifeline for Indians pummeled by the economic storm caused by the government response to the coronavirus pandemic.

"The Indian government’s response to the first wave of COVID-19 ravaged the economy. As a result, many banks were reluctant to extend credit due to fear of defaults. In this tight lending environment, many Indians used their stashes of gold to secure loans. As Indians battle the second wave of COVID-19, many Indians have now turned to selling their gold outright in order to make ends meet.

"When coronavirus gripped the world, Paul Fernandes initially took out a loan using gold as collateral to pay for his children’s education after he lost his job on a cruise ship. Now he’s turned to selling gold jewelry to meet expenses. He told Bloomberg selling gold keeps him from taking on more debt. 'Selling my jewelry means I am not obligated to pay someone back along with an additional interest on that,' he said.

"The second wave of COVID-19 has made a bad situation worse. For many Indians, particularly in rural areas, their investment in gold and gold jewelry is the only thing keeping them afloat."

Sub-MadMax-SHTF scenario, precious metals can allow people to get-by. If things go full-bore stone-age, then your health better be perfect and all needed materials better better be in your hands along with some serious weaponry.
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"Sen. Ted Cruz: Democrats are playing games to raise the debt ceiling by trillions"

https://www.foxbusiness.com/media/s...ing-games-to-raise-the-debt-ceiling-trillions

"SEN. TED CRUZ: I hope and believe that Republicans will stand firm. And the important thing to understand is the Democrats are playing a political game here. So, they have 100% of the power to raise the debt ceiling on their own. They can do it on reconciliation. Reconciliation only takes 50 votes in the Senate. The Democrats have 50 votes in the Senate. It only takes a majority in the House. The Democrats have a majority in the House. But what you're seeing Chuck Schumer do is he doesn't want to raise the debt ceiling using Democrats because he wants to rack up trillions in new spending, trillions in new taxes, and he wants to shift political blame. So he's trying to advance the debt ceiling using a procedural vehicle that requires 60 votes. He wants to get 10 Republicans to vote for the Democrats’ massively irresponsible spending."

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Stagflation inevitable

https://aheadoftheherd.com/economists-warn-of-coming-stagflation/

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