This inflation and stock market crash affects all of us, one way or another.

in #covid2 years ago

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We knew from the beginning that covid was a virus that was highly contagious for everyone, but mostly dangerous only to the elderly and those with physical health issues like poor immunity and obesity and diabetes. And yet, we destroyed the best economy we had in decades, including the first increase in real wages (accounting for inflation) in over 20 years.

We could have kept businesses open and let the narrow and specific susceptible groups to use necessary cautions to protect themselves. The vast majority of the most vulnerable were not in the work force anyways.

But instead, we forced millions out of work, bankrupted tens of thousands of small business owners, spent trillions of dollars borrowed from future taxpayers in compensation, paying millions of Americans not to work. And that massive increase in the money supply created the inevitable runaway inflation that we have today, destroying the gains in American wages, and losing trillions of dollars in citizens savings as our stock markets crash.

The covid deaths by age group graph (up through May 11, 2022) below shows that only even if you include all covid deaths by Americans under the age of 65, come out to about 113,000 deaths per year, not unusual for a bad flu. And remember, most of these deaths were from people with comorbitities, and many of the reported deaths were death with covid, rather than from it. The forced government shutdowns did little to nothing to prevent deaths, but are just beginning to see the economic and mental health damages done to Americans.

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Inflation is the cause of all problems and this inflation and stock market crash affects all of us, in one way or another.
Because of this inflation, the increase in bank interest rates is the result of withdrawing money from the stock market and digital currencies

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