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How the corona-virus crisis will shape the world ?


mauGR1

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The UK Oxford University have started human trials on a covid 19 vaccine . They are 80% confident that it will be successful having used it on a similar virus last year and so have a head start on other laboratories . They hope to have the vaccine ready by September this year . 

No need for the world to change if the vaccine proves effective .  

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The novel corona virus will not change the world, but the effects of the virus, that is, the decisions taken by panicked governments, will certainly change how the world will be in future.  People will become significantly poorer than they are today.

 

I believe that the economic fall-out  will be one of the most serious after-effects.  Governments printing money like there is no tomorrow, which conforms to the Modern Monetary Theory.  Governments are able to print as much money as they like as they cannot become insolvent. But we must remember Newton's Third Law of motion, which basically states that for every action there is an equal and opposite reaction.

 

The knock-on effect of so much money washing around is that the purchasing power of that money drops over time.  This is called inflation, with too much money chasing too few goods.  Look back to any point in time in the past and see what one could buy with, say, $100, compared to now.  The same will be true in the future.  

 

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Boring. Nothing open, nothing to do, no sport, no bars, no clubs, nothing on the news apart from boring covid-19. As with most things these days it's all media driven and the media will switch on to something else when they tire of this situation, which seems to be happening already. Governments act on media drivel and when the media changes course, so will the governments.

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29 minutes ago, allanos said:

The knock-on effect of so much money washing around is that the purchasing power of that money drops over time.  This is called inflation, with too much money chasing too few goods.  Look back to any point in time in the past and see what one could buy with, say, $100, compared to now.  The same will be true in the future.  

 

Hence this yellow shiny metal that remains the universal standard to measure the value of money...

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36 minutes ago, superal said:

The UK Oxford University have started human trials on a covid 19 vaccine . They are 80% confident that it will be successful having used it on a similar virus last year and so have a head start on other laboratories . They hope to have the vaccine ready by September this year . 

No need for the world to change if the vaccine proves effective .  

There is no immunity. It is a CORONA virus. The disease is on the cellular immune reaction and there is no live virus involved.

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An interesting question, with many apt replies.

For me, Covid 19 is clear proof that 'they' dont

need us peasants. All 'they' need is their printing

machine. Homelesness and poverty is increasing

worlwide, expect more of the same.

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I think more, small electric vehicles for shopping, less reliance on urban public transport. Long distance may also go to Intercity electric trains. Transglobal meetings will be via video conferencing rather than face-to-face  Expect governments to take global warming more seriously and convert to renewable energy faster. More people now realize you can conduct business from home, except for manufacturing. 

Exotic holidays will be more expensive and rare. Scarborough and Blackpool will make comebacks, as will Butlins for young adults. People won't be bothered to get visas to go into Europe and thus stay at home. 

Edited by Purdey
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2 hours ago, Brunolem said:

Why would you want to consult the satanic trinity? 

oh,  there's a lot more where they come from.   "the country club"   .  

they own it.    and you don't !

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10 minutes ago, Brunolem said:

Of course!

And anyway, the regular process to develop a vaccine takes 5 to 10 years, with the healthcare authorities generally requesting many years of testing before authorizing the vaccine.

 

If, as some are saying, a vaccine was "ready" for injection by the end of this year, I'd rather take my chances and try escaping in a Boeing 737 Max!

 

 

Well, it's an unprecedented thing, especially should they make it mandatory.

 

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