First of all I would like to say Hi to any forum members who read this, I joined the forum for one reason only, to try to get a conversation going on a solution I have come to the conclusion is the only way out of the financial catastrophe that is facing the whole world, and the reasoning behind my thinking.
- All the countries of the world have been effected by the Pandemic.
- Many of the biggest economise in the world still have major debt’s on there books from the banking crisis of 2008.
- This world has never been put in a lock down situation like this before. There is not a financial expert on this planet, who can truly say exactly what the consequences will be.
- One facts we do know, is there is a awful lot of money being borrowed at the moment, that will have to be paid back.
- Know one knows how this Covid-19 Pandemic will play out, Scientist differ on there advice from wearing face masks, to how long it will be, before a vaccine is available.
- So as ever country in the World is in the same situation, lets take a join approach to the debt’s.
- Suspend the worlds financial markets, freeze the currency rates at what they were trading at. Print the money to pay off all the debts, caused by the pandemic, and keep printing it for the pandemic aftermath. Then once we have a stable situation, we can restart the financial game that is normally played out on this planet ever day.
- The benefits of this approach is that the World is not plunged into a recession / depression, mass unemployment, with the humane misery and pain, that it will cause.
- Also remember there is the Elephant in the room, Global Warming which has started to make its presents felt, and like Covid-19 will turn the world up side down. Governments will have to find Billons to deal with the damaging effects that it will have on there countries. Which equals more debt.
- We the human race are all in this together, that how you have to look at the situation.
Money is a good Servant, but a Poor Master. DrewAGH