Skip to main content

Are we heading for an economic depression - Part 1

We are in a recession right now. And some of the leading indicators point out a higher probability of more severe economic depression in the near future.

Make no mistake.

Not all this chaos is caused by the latest coronavirus pandemic. We are already set up on the brink of the collapse. The latest pandemic is just the trigger that exposed the different vulnerabilities in the already over-leveraged economy.

Interestingly, there are coincidences in numbers between the struggling economy and coronavirus pandemic.

While the coronavirus affected 1 million people worldwide, the recession cost 10 million jobs in the USA just in the past couple of weeks.

And none of the world governments have the capacity or clue to save the economy and neither to stop the spread of the coronavirus. We just don't have the tools or the expertise to fix the problems or protect ourselves. We are completely clueless.

Yet the governments are moving stimulus packages as if printing the money is the only solution to both of the problems.

It is also interesting to note that the emerging economies like India had sacrificed the economy to protect the lives of its citizens by completely shut down the entire nation. Yet the emerged countries like the USA did completely opposite by keeping parts of the countries open and put the lives of people at risk for the sake of protecting a failing economy.

So how we did get here in the first place.

Isn't the sole role of monetary policies, structural economic reforms to fix the vulnerabilities and avoid such an economic catastrophe. Aren't the intelligent minds out there would have figured it out even before such things happen. Or the system we believe in is a complete failure or fraud.

Let's discuss more...


Popular posts from this blog

Wipro - Anna University Off Campus

Anna University, Chennai is organizing Tamil Nadu State Level Placement Programme (TNSLPP) 2011-12, for the Present Final Year (2012 Passing Out) Students studying in Self Financing Engineering Colleges of Tamil Nadu. Wipro Technologies, has kindly agreed to participate in this Placement Programme during 7th & 8th February 2012. Centre for University Industry Collaboration, Anna University Chennai is conducting this programme at P.S.N.A. College of Engineering & Technology, Kothandaraman Nagar, Dindigul - 624 622 for the 2012 Passing Out Students. The final year students of B.E. / B.Tech. (CSE, ECE, EEE, EIE, ICE & IT) with an average of 8.0 and above (No Standing Arrears) from I Semester to VII Semester are eligible to participate. It is mandatory that all the students should secure an average of 70% and above marks consistently from 10th Std. and 12th Std. It is requested that the Principal / Placement Officers of the College should verify the marks of the st

Can you solve the three gods riddle? - Proposed Answer

I recently landed on a youtube video about this question and intrigued about its uncertainty in detail in every aspect. Hence i thought it would be a challenge to solve it and decided to work on it. For those who dont know about the question can watch this video to know it better. I thought we can exploit the details of the question to workaround and come up with a decent answer to this question. My take is as follows. Condition 1: We can ask only three yes/no questions Condition 2: Each question should be dedicated to only one god. Condition 3: You can ask multiple questions to the same god. Let us choose first god and ask the first question 1) Are you ARR? Repeat the question again and again to confirm it is not ARR. Since you will get different responses for the same question. (Remember, Condition 1 limits the number of questions can be asked but not from the number of times it can be asked.) If the God is ARR, We can skip to the 2nd god, otherwise we can s

Free Electronic Product Samples / Components For India

Texas Instruments offering samples in a wide area of electronics. They provide you products such semiconductors, ic's, sensors, microprocessors, microcontrollers, etc. Most of them can be brand new and introductory items to the entire world. If you are an entusiasist in electronics, student doing innovative project, industry implementing new technologies. You are the right person to get those samples for absolutely free. All you need to do is 1) go to their website 2) Signup for an account in my.ti (It is recommended to give proper shipping addresses with real , full name with initials in order to receive the samples without any conflicts.) 3) Browse various products using their simple and customized search. 4) Add those free samples you require or love to try. 5) Then submit the cart. fill up once again. if it is prompted for confirmation or address. simply accept and give the shipping address. Thats all you will get those samples delivered to you within