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– TIMESTAMPS –
0:00 Intro
2:17 The Economic system Is Rebounding!
4:20 What Occurred In The Economic system?
6:48 Latest GDP Progress Is Misleading
11:30 Way forward for US Economic system
17:13 Protected Haven Belongings
21:55 Ultimate Ideas
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⛓️ 🔗 Helpful Hyperlinks 🔗 ⛓️
► US GDP information Q3 2020:
► Private earnings by State Q2 2020:
► Private earnings information Sept 2020:
► Unofficial unemployment may very well be 25%:
► Reopening & closing down of States:
► US web exports:
► New huge gold deposit found:
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📈 The US Economic system is Rebounding? 📈
Within the third quarter of 2020, the US financial system has been on a tear, posting file breaking GDP development! Positive, earlier within the yr there was a reasonably dramatic fall because of the pandemic. Nevertheless, what we’re seeing proper now is without doubt one of the biggest financial rebounds in historical past!
One other truth is that private incomes by State have really elevated. So, within the midst of all this fall out from the virus, it seems that individuals have by no means been so wealthy!
Right here’s the query, are information shops simply attempting to scare us with claims of mass unemployment and COVID pushed financial armageddon?
🤔 The Economic system In 2020 🤔
Assume again to earlier within the yr when there have been all these keep at residence orders. Shutting the financial system down naturally led to GDP falling off a cliff. In my video, I examine that drop to 2008 and the Nice despair.
📉 Why Latest GDP Progress Is Misleading? 📉
Right here’s the deal; that Q3 rebound was primarily pushed by shopper spending. That’s not shocking on condition that the financial system opened again up at the moment.
Private consumption, funding and property gross sales all went up. Regardless of all that, the financial system is smaller than on the finish of 2019.
Right here’s the issue: States are reopening and reversing that call because of the unfold of COVID. If that continues, it’s going to be exhausting for shopper spending to maintain on supporting that GDP development within the fourth quarter.
Watch my vid. In it, I clarify why all these nice trying numbers in Q3 are nothing greater than a stimulus powered fugazi. The excellent news is that this in all probability all implies that some persons are going to come back out the again of this with a stockpile of money.
🔮 The Way forward for The US Economic system 🔮
Many individuals are higher off as a consequence of COVID. That’s as a result of they nonetheless have a job, spent much less on items and providers and bought a stimulus cheque or two. If that’s you, then chances are high you’re enthusiastic about treating your self to a trip or one thing like that when this all blows over.
The issue is that everybody else is pondering the identical factor and that’s more likely to end in demand-pull inflation.
Then you have got the development of corporations desirous to shorten their provide chains. In spite of everything, the pandemic was fairly disruptive for that. This home labour is costlier and that would result in cost-push inflation.
So yep, I feel loopy ranges of inflation are in all our futures.
👑 Protected Haven Belongings 👑
In my video, I check out inflation resistant exhausting property. I put gold below the microscope and likewise spotlight some shortcomings. I then get into Bitcoin and clarify why it may very well be a greater wager to guard your buying energy in opposition to COVID pushed inflation.
So, be sure you watch if you wish to hear my reasoning on that one.
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📜 Disclaimer 📜
The knowledge contained herein is for informational functions solely. Nothing herein shall be construed to be monetary authorized or tax recommendation. The content material of this video is solely the opinions of the speaker who will not be a licensed monetary advisor or registered funding advisor. Buying and selling cryptocurrencies poses appreciable danger of loss. The speaker doesn’t assure any specific consequence.
#crypto #bitcoin #inflation #financial system #lockdown #output
Source: Coin Bureau
35 Responses
What do you guys think? Pandemic inflation incoming? Views on the lockdowns?
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This age like fine wine. Shoutout to everyone that was smart and listened to get invest into the crypto space.
Me cause explanation 👍🙏
Yep bit of a conundrum…. Thank you
Cheers man, you are amazing
awesome
Guy, are you a trained economist?
With friends and family all.over the U.S. in all economic classes I can assure you that those so called facts regarding U.S. gdp are 100% made up. ONLY if you include all the money made on the misdiagnosis and deaths of COVID patients and all the profits made by hospitals via future unpayed tax burdens would this even be possible. Since this is not the case, the numbers are 100% false.
We can make everyone richer if we just add a 0 to the end of everything.
My only concern is how would it matter if btc goes to the moon or mars. In the inflationary economy if the use loses value and we see something like hyperinflation which is a definite chance, what would a million dollar Bitcoin worth if a million dollar itself has no value?
Its easy to go up 33% when it was zero. % doesnt really mean anything.
GDP this and GDP that, everyone want to show they have the bigger dick.
This is the stuff that should be on MSNBC, not anything that's actually on MSNBC
Gdp is pointless because the only thing that matters is how wealthy the individual worker is, not how much people buy and sell.
The more money in your bank account or saving account the more banks can lend, which means businesses can get cheaper loans.
As for Government stimulus it is paid back with taxation by the people getting the money which means it effectively the same as you dipping into your own savings then paying it back after the fact.
13:16
I have been in this industry for like more than 6 years… Can easily say that this is Great Channel with Great Content… <3
I do wana go to mars
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Another lockdown wouldn't equal cheaper prices in btc. The march event was hecause of lack of liquidity since then the fed and treasury have pretty much fused
Smashin !
QFS
That my guy
when livestream, Guy?
Subbed, thank you for the information.
ok, yes but if GDP falls globally then everyone is on the same level.
Still no explanation of Safex Token and Safex Cash smh
Great video with valuable information, thanks so much!
Vectracoin is the best coin, there is no point in arguing with this
Hi Guy,
Can you look into Bondly? a polkadot play. Could be a gem💎 maybe do a vid b4 other youtubers hop onto it with ur supercharged analysis👍
brilliant explanation
U videos are fantastic
Guy do u know xem is doing airdrop
Read this https://forum.nem.io/t/symbol-launch-discussion-topic-3-3-snapshot-block-height/26198
All of my money savings have been in Bitcoin/ETH for the last 2 years… and it's going to continue to be saved there.
Great vid as per usual GUY, keep them coming 👍🏴
Awesome channel…So glad I came across it. Thank you!
Thanks for the video.