简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:You can hardly call 2020 a dull year. What with fires in Australia, near WWW3 end of January, and now the entire world in lockdown because of COVID-19. Who would have thought in December 2019 it would turn out that way? Certainly not me. However, the signals of some form of systemic collapse have been around for years.
You can hardly call 2020 a dull year. What with fires in Australia, near WWW3 end of January, and now the entire world in lockdown because of COVID-19. Who would have thought in December 2019 it would turn out that way? Certainly not me. However, the signals of some form of systemic collapse have been around for years.
Commodities during 2020, have obviously done well, especially food and basic necessities. Maybe we should have toilet paper index and futures as well?
However, Small and medium sized businesses (SMEs for short) have been hammered. Hard. They account in most countries, anywhere from 60% (Malaysia) to a global average of 80% of each nations GDP. Most countries have come up with stimulus packages varying from loan deferment, to full blown bail outs for certain industry sectors. Some countries have opted for “helicopter money”.
These strategies are good politics, but they dont solve the real problem.
I‘ve been through at least 3 recessions in my life. What is coming next is the perfect storm: business sales down globally, after lockdown transportation costs will have to rise for a short period of time, SMEs dying, it’s estimated that 50% of SMEs will have died by May. Think of that relative to GDP. Plus trade wars, resource scarcity, food and water security, global economic balance has already shifted from West to East, elections in the US, just to name a few.
The long shadow of the COVID-19 crisis is far from over.
We have raped and pillaged the Earth too much, capitalism is broken and has been for a long time. The perfect storm of the first quarter of 2020 shows us that. In my view, being a capitalist we should look after our resources, employees, since without them, we have no long term business.
Robert Kiyosaki, author of Rich Dad, Poor Dad, Ive had the honour of being in stage with him, once asked an audience: would you rather have $1 million dollars or $100,000 dollars? Of course everyone said: $1 million. Then he asked $1 million once, or $100,000 every month? This is dilemma for individuals and SMEs, cashflow. The 95% percent failure rate of businesses in the first year, is not only bad sales, marketing strategies, mostly they just ran of out cash.
Most businesses and people would rather have a certain stream of income every month, rather than unpredictable, lumpy profits.
This is why I say capitalism is broken, weve been seduced by instant profits, especially during the 80s and 90s. We lost sight of the purpose of business- to make long termsustainable profits.
I‘ve been saying stuff like this for years- honestly, most people were too polite to call me a kook to my face, but in this one case, I wish I wasn’t right.
I would love to go back the world we had, go back to “normal”. Its just not going to happen.
Just like 9/11 2001 was a global watershed event in the balance of power, so 2020 will be for economics.
We need a golden safety net. For those of us in favour of some kind of Universal Basic Income, which includes Elon Musk, Robert Reich, Nelson Mandela, Mohammed Eunos, etc.
To quote Jim Rogers, whom I met in Shenzhen in 2018, “In times of uncertainty people always go to gold and silver.”
“Gold just delivered a stellar year for bulls as the Federal Reserve cut rates, trade tensions hurt growth, central banks beefed up reserves and ETF holdings swelled. The haven‘s upward march may not be quite done: Goldman Sachs, Citigroup and UBS Group AG have all said they’re looking for $1,600 an ounce, and RBC Capital is positive too. And those calls were made before the Iranian crisis sent bullion tearing higher.”
-- source: Bloomberg 8 Jan 2020
Imagine if you will, a world where youre basic living expenses are met, how would that change your outlook? What would you do? Take a long moment to think about that.
Which is why four of us, got together last year to create Gildas. A universal basic income system, a physical gold based commission system. It‘s a very simple system, based on annual subscriptions by order volume, where the system automatically allocates orders to your order. It’s our way of helping out, no strings attached.
We need to think different, to quote Steve Jobs. If we fail to plan, we plan to fail. This next decade will by unlike anything weve seen. Just imagine.
Author: Anthony Davie
Profile: Anthony was born in Mexico, grew up in Latin America and the UK. He‘s lived in Asia for 25 years and has a background of running startups, being on global projects in Silicon Valley and the Middle East, along with roles in personal development training, CTO and CIO roles for public and private companies. He’s deeply passionate about our stewardship of the planet and how blockchain and other disruptive technologies can create a more egalitarian, fair and sustainable future.
WikiFX App is a third-party inquiry platform for company profiles.WikiFX has collected 17001 forex brokers and 30 regulators and recovered over 300,000,000.00 USD of the victims.
It, possessed by Wiki Co., LIMITED that was established in Hong Kong Special Administrative Region of China, mainly provides basic information inquiry, regulatory license inquiry, credit evaluation for the listed brokers, platform identification and other services. At the same time, Wiki has set up affiliated branches or offices in Hong Kong, Australia, Indonesia, Vietnam, Thailand and Cyprus and has promoted WikiFX to global users in more than 14 different languages, offering them an opportunity to fully appreciate and enjoy the convenience Chinese Internet technology brings. WikiFXs social media account as below:
Facebook:
Singapore Area:https://www.facebook.com/wikifxsingapore/
USA Area:https://www.facebook.com/WikiFX.US
Nigeria Area:https://www.facebook.com/WikiFX.ng
LinkedIn:
Nigeria Area:https://www.linkedin.com/company/31506916
Twitter:
Nigeria Area:https://twitter.com/WikiFX_NG
Wiki Forum Forum Function:
In order to help more investors, WikiFX has launched the “WikiFX Forum” forum, which aims to provide urgently needed and professional services to Nigerian forex investors.
The exposure function of “WikiFX Forum” includes the following features:
1: Allow investors who have been defrauded by illegal broker to complain directly in the forum (as shown in the screenshots)
As long as there is sufficient evidence, a review panel and an executive team will contact the broker to discuss the complaint or expose it directly through the media. Here are the exposure channels:
2: Block low score brokers from entering the forum
3: Monitor suspicious communication in real time, and directly spot and deal with suspicious fraud;
4: Negotiate with highly reliable brokers selected by WikiFX in the secure environment of WikiFX Forum.
WikiFX APP exposure channel: https://activities.wikifx.com/gather/indexng.html
Information page to understand forex scam and exposure channel: https://activities.wikifx.com/gather/indexng.html
Website exposure channel: https://exposure.wikifx.com/ng_en/revelation.html
Worried about missing out latest trends in the volatile market? WikiFX ‘News Flash’ is here to help!
With 24-hour real-time update of forex market data by minute, you can seize the opportunity of every bullish market! Bookmark the link below and follow the market trends immediately!
Singapore Area:https://live.wikifx.com/sg_en/7x24.html
USA Area:https://live.wikifx.com/us_en/7x24.html
Nigeria Area:https://live.wikifx.com/ng_en/7x24.html
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.