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Är coronakrisen det tredje världskriget? | Aftonbladet |

    Normalt vet regeringar och riksbankschefer vad som behöver göras i en kris för att få igång de ekonomiska hjulen. Den här gången verkar verktygslådan inte fungera.

    Världen är utsatt för ett enda stort experiment av aldrig tidigare skådat slag.

Normally, governments and governors know what needs to be done in a crisis to get the economic wheels started. This time, the toolbox doesn't seem to work.

The world is subject to a single large experiment of unprecedented kind.

Country after country shuts down its boundaries and closes within its shell. Large parts of the economic activity are paralyzed. Air travel has stagnated. Restaurants, bars and cafes close. The hotels are empty. School students are forced to stay at home. Although Sweden in that case, so far, is an exception.

Temporarily freezing large parts of the world in a state of isolation for an indefinite period to fight an invisible enemy has never happened before.

Globally, it can save the lives of tens of thousands of people, but it also risks a slashing of the wealth that the world has built up for many years. The world is forced into self-destructive behavior to avoid the corona virus.

U.S. Stock Exchanges represents wealth of 50% of all others across the globe. In absolute numbers, a lot of wealth has been "lost".

IMF: Piercing The Veil

New research reveals that multinational firms have invested $12 trillion globally in empty corporate shells, and citizens of some financially unstable and oil-producing countries hold a disproportionately large share of the $7 trillion personal wealth stashed in tax havens.

Although Swiss Leaks, the Panama Papers, and recent disclosures from the offshore industry have revealed some of the intricate ways multinational firms and wealthy individuals use tax havens to escape paying their fair share, the offshore financial world remains highly opaque.

Tax Dodgers' 'Phantom' Cash Makes Up 40% of Foreign Investment | Bloomberg |

Still waiting for "trickle-down" economic benefits ... 1973 - 1987 - 2000 - 2001 - 2008 - 2020 ... if lucky, I will witness another decade. Am not holding my breath - banks and corporations are first in line doing the hoarding of BIG Government welfare. Trillions of funding after two decades of military industrial spending fighting an invisible enemy rearing its ugly head multiple times. The enemy is not "over there"... it's amongst us. We can't even produce sufficient N95 face masks and critical ventilators for IC patients, saving lives. Looking towards China ... the world is shaking.

New York - London - Luxembourg - Tel Aviv - Moscow - Hong Kong.


by Oui on Fri Mar 20th, 2020 at 11:23:33 AM EST
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