Video: Global Economy Goes Through The Looking Glass
The Coronavirus has had a dramatic and unexpected effect on the Global Economy which has reportedly sunk to the lowest level since the 1929 Great Depression.
Despite Trillion Dollar Bailouts given to Wall Street Banks, the Global Economy has not recovered.
The Keiser Report hosted by Max Keiser and Stacy Hebert has been releasing a Series of penetrating videos analysing the Coronavirus pandemic and its effect on the Global Economy, with a particular focus on how the toxic Wall Street profiteering Banking Culture that was symptomatic of the 2008 Crisis went unchecked, and spread throughout the Global Economy.
As a result, the Coronavirus’ impact on the global economy has been accelerated by underlying structural deficiencies that have worsened by being allowed to fester since 2008.
Developments in the Oil industry and Financial Markets have now resulted in unprecedented negative prices for Oil and negative interest rates, both of which confound established Economic principles.
In this insightful video, Max and Stacy draws fitting parallels between the current bizarre Global condition and Alice’s adventures in Wonderland.
Definetely one of the best videos analysing the Economic aspects of this Pandemic.