Spend Til Implosion

The Bangladeshi economy is getting stronger during the covid, hundreds of billions of rupees have been imposed by the government, another 507 billion dollars will come. With this amount you think people can do the right thing, but while the average bank account has grown as a saver, credit card debt has increased - but perhaps more importantly, thirty-seven billion extra funds have been withdrawn from the fund, which was approved by the same government. Which has allowed up to 20,000 to come out.
src

To do this, 4.9 million applications were processed with a 98% approval rate - however, 725,000 accounts were completely eliminated. The implication is that if there were only 20,000, it would probably be a young person's account, which means that 725,000 young people are now behind another 20,000 who will not have any compound interest until their retirement, which probably means Financial availability will be greatly reduced after their retirement.

Of course, you could argue that these individuals used their withdrawal and invested it in higher yielding assets, considering that they were still receiving additional government support and there were some opportunities in the stock market. As seen, spending ব্য 350 billion is on the rise, with small appliances and electronics sectors, as well as entertainment and alcohol. The largest region growing by 2% - and Australians are not ashamed to have a drink in 2019.

So, people have taken to spending their savings and their future income, they have paid and spent helicopters from the government, they have taken “employee” money and spent it, and the majority have spent it on usable materials. Good Game Australia In less than two months from now, most of the official handouts will be over, which means that those who were able to save during this period will probably start spending to turn their lives around.

It has become the fastest and largest transfer of wealth from investors and owners to the short-lived person that Australia has experienced so far and I don't think it's over yet, as the 507 billion government-funded taxpayers are allocating for Covid relief. Still to be delivered. It’s unbelievable, but people think they’re getting paid for free, so they don’t care. People are stupid.

The Reserve Bank of Australia has said the recession is not as "deep" as the first thought, but it is due to unprecedented government intervention, which means the chances are slim for decades. The level of fiscal irresponsibility is unbelievable, since the government has taken the view of a person who buys using overdraft in their account and covers it with credit cards, believing that they will be in a better financial position next month and have extra payments off.

When I don’t read the news in general, I start reading some of the mainstream financial news that the average person can read as a warning story for my own thinking and behavior. Almost every story I read is a reminder to continue the path away from the blackhole of the current economy and it will continue to take our toll by encouraging unnecessary and unnecessary
spending, when the necessary begging occurs. It’s like a self-reflecting meditation that persuades me not to give up.

It’s not about saving money, it’s about producing value, something that we basically disconnected from meaningful. Instead of investing in products and services that improve our lives, investments are made to improve financial products, not to improve yields. Investments are made to earn a token, may not produce improved life results. The more financial vehicles are disconnected from social media, the more the focus becomes wrong, the more harmful it becomes to us, just as harmful paper clips like paper clips that consume and destroy us all in search of more resources.

This is what is happening now, resource transfer to meet irrelevant needs at the expense of many of the companies. Keep spending until implosion - then open your eyes.