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, Check the world financial system, Forex-News, Forex-News
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Check the world financial system

, Check the world financial system, Forex-News, Forex-News

, Check the world financial system, Forex-News, Forex-News

For some years, the world financial system has been unstable, for different reasons of monetary and social policy in different parts of the planet. Trade war between China and the US, Brexit, high inflation and instability in South America, among many other factors, put us in check.

As if all this were not enough, in the month of January they began to learn about a certain Coronavirus in China, which then with the passing of weeks escalated globally, where it has already claimed more than 500,000 lives, with more than 10 million infected.

All this makes an explosive cocktail, where the world financial system is hanging by a thread.

Global financial system: Check

Right now there are few financial assets that can really be trusted, among which Gold and Bitcoin stand out. Then there are the US sovereign bonds, which while not yielding, are a mechanism to preserve value.

In most parts of the world people talk about the importance of health, and in some cases more iron like Argentina than just saving lives, and that’s fine, nothing is more important than life … But, what about the economy?

Anyone who does their daily shopping and lives a normal life knows the importance of the economy in everything, including their mental health if they cannot keep their accounts up to date.

Now, how important is health and the economy in world markets? Easy, all without exception, we are consumers and we spend money to keep the wheel turning. And the problem is since the pandemic was unleashed, the wheel turns less and less …

If consumption falls, publicly traded companies fall, if confinement continues, oil falls for less vehicle circulation. And so the list can go on …

World emblems begin to fall

Surely you have heard in your city, regardless of the country you are in, closing small businesses, such as even large international franchises such as Starbucks.

Now, I will focus on these 3 emblems that have announced their closure / bankruptcies in recent days.

1- Close the McDonald’s in Time Square

If you’re a tourist in New York City, or even a New Yorker trying to get through downtown Manhattan, you’ve surely seen or perhaps eaten a hamburger at the iconic McDonald’s on 42nd Street in Time Square.

The restaurant was 17,000 square feet and had a great view of the area on the upper floors.

, Check the world financial system, Forex-News, Forex-News
McDonald’s located on 42nd Street in Times Square that has a Broadway style design

2- Cirque du Soleil declares bankruptcy

Cirque du Soleil, one of the world’s best-known entertainment companies, filed for bankruptcy and, simultaneously, the company’s top investors, supported by the province of Quebec, Canada, submitted a restructuring plan.

, Check the world financial system, Forex-News, Forex-News
Cirque du Soleil gives no more and files for bankruptcy

3- Closing of Broadway theaters

The theaters will be closed throughout the year, said the sector’s leading professional association. The Broadway League offers refunds and exchanges for tickets to all shows until January 3, 2021.

, Check the world financial system, Forex-News, Forex-News
New York: Broadway will be closed until January 3, 2021

Without a doubt, these 3 closings are a clear representation of the next pandemic to come: the Economic.

Let’s reflect together

Generally, economists and market analysts often present complicated projections, trends and charts to explain what is happening in the financial world. It is not the idea of ​​this section.

The objective of the day’s reflection is to invite you to think where we are going. No complicated data or unclear statistics, but events in the real economy.

There are many signs that the global financial system is in a fragile situation, where it seems that the only solution that governments on their minds can think of is to print money to give subsidies and wait for the vaccine to arrive as soon as possible.

Can you imagine what the money will be worth if the only solution is to print more and more bills? Luckily there are instruments like Bitcoin to preserve the value of our savings.

I say goodbye until tomorrow with this phrase by Benjamin Franklin:

An investment in knowledge pays the best interest.

, Check the world financial system, Forex-News, Forex-News

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