Coronavirus Central

CV Central - 4/21/2020 - "Economy, Finance, and Morality: Understanding Who Owns What"

Coronavirus Central
CV Central - 4/21/2020 - "Economy, Finance, and Morality: Understanding Who Owns What"
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Episode 52 brings us into the question of what the real economy is doing.  We start by looking at massive unemployment, examining food security and pricing, and seeing how the bureaucracy entrusted to help people is failing.  The moral case we must work has begun to be promoted despite public health risks which are frankly unknown but might be deadly or debilitating, but never looking more deeply at who has benefited.  The ongoing nationalization of American assets across all sections of life by the Federal Reserve as part of the efforts to maintain the system are not without cost and a further consolidation of ownership into fewer hands and seeing the populace in greater debt.  This episode examines choices we could make differently, so you understand who is winning and who is losing and decide how you personally fit into these questions we have one chance to now ask.

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Links:
Latest statistics: https://covid19info.live/
Case sources: https://bnonews.com/
Covid-19 news: http://covidreport.net/

1.5 million file for unemployment in FL, just 40k paid: https://www.tampabay.com/florida-politics/2020/04/20/florida-releases-unemployment-numbers-15-million-claims-filed-just-40193-paid/

Charting food price questions in PA: https://www.pennlive.com/coronavirus/2020/04/will-food-prices-rise-as-the-coronavirus-pandemic-continues.html

Patience for the unemployed will thin: https://www.theatlantic.com/ideas/archive/2020/04/americas-compassion-for-the-unemployed-wont-last/610243/

Rent strike update: https://thefederalist.com/2020/04/14/rent-strikes-should-be-a-last-resort-for-jobless-tenants-not-a-tool-of-social-revolution/

Big banks prioritized bigger loans costing small business money: https://www.usatoday.com/story/money/2020/04/20/small-businesses-sue-chase-bank-over-handling-stimulus/5163654002/

The Fed's aggressive response to buy everything: https://www.forbes.com/sites/investor/2020/04/20/the-crash-of-2020-qe-and-the-federal-reserves-market-corner/#381fa845fb8a

All the assets added by the Fed: https://www.cnbc.com/2020/04/13/coronavirus-update-here-is-everything-the-fed-has-done-to-save-the-economy.html

Analysis of both inflationary and deflationary risk as finance decouples from economics: https://www.economist.com/finance-and-economics/2020/04/18/covid-19-could-lead-to-the-return-of-inflation-eventually

Why people are being paid to hold oil: https://www.cnbc.com/2020/04/20/oil-markets-us-crude-futures-in-focus-as-coronavirus-dents-demand.html

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