Coronaviruses and Market Crashes

Bitcoin is down. The Dow Jones Industrial Average is down. There has even been a run on toilet paper in my local small-town grocery store. Is this all mass hysteria, or is there a real market correction behind the scenes, and the virus a real danger?

I would like to remind readers that the stock market is not the economy. If we are seeing the start of a recession or depression, the problem does not lie in the correction, but in the circumstances that built the bubble. Years of arbitrarily low interest rates and "quantitative easing" have been inflating the money supply to forestall the inevitable correction. Price controls always backfire, and we suffer the consequences.

Crypto is an alternative to government funny money that has been used to build up these bubbles as well as the warfare/welfare state. Silver and gold are also options we should not ignore. If you want to stock up, focus on things like beans, rice, and flour that can be stored long term and bartered.

Image credit

I am still not convinced the COVID-19 pandemic is an existential threat. I could certainly be wrong, but my prediction is governments will do tyrannical things citing it as justification. When the pandemic fizzles, politicians will claim the things they did helped. Will you believe them?

While everyone is panicking, don't forget that antibiotics are for bacteria. They don't help colds or COVID-19. Put more effort into basic hygiene. Wash your hands. Clean surfaces people touch. Cover your mouth when you cough or sneeze. Oh, and a handy tip: tax instruction booklets can substitute for toilet paper. Pull the staples and at least take some psychological satisfaction in showing the IRS the respect they deserve.

Comments 3

But the end of all things has drawn near. Therefore be sober-minded and be sober unto prayers.(1 Peter 4:7)

Question from the Bible, Who can lead me to heaven?

Watch the Video below to know the Answer...
(Sorry for sending this comment. We are not looking for our self profit, our intentions is to preach the words of God in any means possible.)

Comment what you understand of our Youtube Video to receive our full votes. We have 30,000 #SteemPower. It's our little way to Thank you, our beloved friend.

Check our Discord Chat
Join our Official Community:

13.03.2020 18:21

The perdition is that this virus will last 3 to 6 months and 60% of the world will get it 🤔. I'm hearing in other states that yes tp is out of stock for the last few weeks but here in Florida were still pretty normal even after we had 3 cases.

Posted using Partiko Android

13.03.2020 18:52

Also in you country? Wow! I'm surprised because in Poland people buy many toilet papers too and I don't understand what they do with this... 😂 It's a world pandemia of diarrhea!

13.03.2020 19:46