Friday, April 10, 2020

Calm Before The Storm

33% of renters in the month of April did not pay rent. Fast food and warehouse workers go on strike. Yesterday, protesters were outside the Ohio statehouse voicing their disapproval of the government lockdown. On the bright side, corporations were able to use their welfare checks to buy back lost stocks; leading many Americans to believe the stock market is recovering. Now, New York has more COVID-19 cases than any other country. However, the odds of dying from COVID-19 are extremely slim. It has become increasingly clear that these measures of lockdowns and state-enforced quarantines have more to do with population control than preventing the spread of COVID-19.

I think the economic collapse is going to be major. Perhaps it will be the Great Depression 2.0. Since many people will slip into poverty and those who don't will inevitably feel the effects of inflation, and this combo will more than likely increase crime rates. That is why I believe the government is beginning to implement draconian laws.

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