President Trump heads to Mount Rushmore in Keystone, South Dakota, Friday night for an early Fourth of July celebration with thousands of guests who won't be required to wear masks or socially distance.
This is the real history behind Mount Rushmore.
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The worst economic collapse in history is on its way. Be Prepared
This is a chart of the 2008 Financial Crisis. Over the course of 517 days, The stock market dropped by more than 56%, millions of people lost their jobs… their homes… and their life savings. It was the worst time for the global economy since the great depression.
And this is the 2020 Economic Collapse…so far… Over the course of just 21 days, the market has dropped by roughly 20%, the world has seemingly shut down, and we just might be on the worst economic trajectory in history.
So how did we get here…and what could we expect going forward. Well lets start off with the first part.
The first thing is that…as most of you know, there is a global illness going around that many people are worried about. And from my previous videos, you might know that my position on this is that if you get the disease, you will almost certainly be fine.
But it is disproportionately bad for the elderly, and those with underlying health conditions such as myself. So its good to be cautious on a social level, but also there isn’t need for you to panic on an individual level.
Initially when the disease had its first outbreak in China, it caused the Chinese Government to shutdown its manufacturing sector in order to help prevent the spread of the virus. Now, that wouldn’t be a problem…if 1/3 of all products in the world weren’t made in China. You see, China is the global supply chain of the world, so when China experiences delays in production, the entire worlds economy experiences delays as well.
Now I made a whole video on why this is…. which you can check out on my channel… but I won’t dive into that in detail here…
So, because of this supply chain slowdown, we have seen many large companies experience a slowdown in their sales and revenue. And this makes sense, because if you don’t have your product to sell, then you can’t make any money.
And here’s an example. The car industry is very dependant on tools, die, and machinery in order to manufacture their cars. But each on of these industries is experiencing 1 to 3 month delays because of the shutdown of the manufacturing sector. This means that car companies will not be able to launch their new annual vehicles on time, therefore missing out on billions of dollars worth of sales.
And also, because people are being asked to stay inside, be cautious, and work from home if possible, we have seen up to an 80% drop in automotive sales in some countries like china.
And this effect keeps trickling down. If the Car companies are seeing a drop in sales and revenue, then so will its suppliers. And if the suppliers see a drop in revenue, so will the raw industries that work with suppliers. And this effect radiates to all other companies that are connected to the automotive industry.
And what happens when a company sees a drop in sales or revenue? Well, we tend to see things like layoffs, or even bankruptcies. This would lead to a higher unemployment rate which would lead to less purchases being made by consumers, which would lead to less sales being made by businesses. And the cycle continues until the economy hits a low point like the great recession or the great depression.
And keep in mind, this is just the automotive industry. This drop in sales will apply to virtually every other industry in the world…except the toilet paper industry because that’s actually manufactured in a bunch of different countries around the world…yet sales have increased for some companies like KP tissue by almost 50%. So…there is no toilet paper shortage everyone…just a bunch of hoarders buying 100 rolls at a time.
Transcript out of room in description.
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In interviews with FRONTLINE for a new documentary, former Amazon employees who worked in the company’s fulfillment centers describe a work environment in which they felt pressured to pick and pack items at productivity rates they say are “unrealistic.”
In this video we examine how public schools and the mainstream media have contributed to the growth of a passive citizenry, thus paving the way for the rise of tyranny. We then look at the role anti-authoritarians play in a free and flourishing society.
Meet a group of vibrant scuba divers determined to find, document and positively identify slave shipwrecks.
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It's been 400 years since the first enslaved Africans set foot in present day America. In this short film, meet a group of vibrant scuba divers determined to find, document and positively identify slave shipwrecks. In the process, they're also discovering deep connections to their ancestry.
These Divers Search For Slave Shipwrecks and Discover Their Ancestors | National Geographic
Tensions are erupting between Chicago Mayor Lori Lightfoot and the city's teachers union, as the union has defied orders to return to classrooms next week due to coronavirus safety concerns. Charlie De Mar has more.
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Former Secretary of Labor Robert Reich explains the forces driving the generational wealth gap between baby boomers and millennials. Watch More: The 6 Ways Millennials are Changing America ►►https://youtu.be/VpEAyCPFB4g