Post
Topic
Board Economics
Re: Covid 19 shows how weak People are in the it mind
by
AicecreaME
on 02/09/2020, 13:49:03 UTC
<...>

This gives a high energy of false-positivity.

Fiat is on its shaky stage right now because of the economic decline. Therefore, making a great opportunity for gold and bitcoin as a great investment and alternative source of income. BUT this only applies to those who have the capacity of investing and knowledgeable enough about cryptocurrency. Otherwise, you have no choice, but to seek for jobs.

Not to mention, unemployment rate is gradually increasing. More households are in shortage of their necessities. I don’t think there’s much to be rejoiced for while majority are suffering because of lack of opportunity due to pandemic.

Sure, banks are offering loans, but does everyone have the capacity to pay for it before the due date? Their debts won’t just expire and be gone. It’ll just accumulate. The unpaid debts and its interest rate altogether would just make the poor, poorer.

I know it’s a matter of perspective, but please remember that we’re not given equal opportunities and resources to begin with. We have different backgrounds and we belong to different kind of situations. I hope you take these in consideration before stating such claims.