:shocked-pikachu:

  • sooper_dooper_roofer [none/use name]
    ·
    edit-2
    2 years ago

    the pandemic readiness drills at the World Economy Forum

    They did the same for monkeypox too.
    https://www.nti.org/wp-content/uploads/2021/11/NTI_Paper_BIO-TTX_Final.pdf
    https://i.imgur.com/6Lrv53i.png

    funny how that keeps happening

    And yea, COVID was a very convenient way to kill off lots of refugees, pensioners, etc.

    It was also a very good cover for the inevitable recession (the yield curve inverted in late 2018). So instead of "look our economic system is failing AGAIN", we have the excuse of "we're good, except COVID fucked it up"

    And of course it allowed the rich to buy all of their stocks at rock-bottom prices and cement themselves even further

    • dismal [they/them, undecided]
      ·
      2 years ago

      what the he’ll is a yield curve? do you have anything to read that pertains to that….(like articles or something)

      • forcequit [she/her]
        ·
        2 years ago

        supply/demand curve but it's all money

        Sorry nothing constructive to add

      • sooper_dooper_roofer [none/use name]
        ·
        2 years ago

        https://upload.wikimedia.org/wikipedia/commons/a/a7/Yield_curve_20180513.png

        longer maturity (x axis) = larger payoff (y axis). If the government is borrowing your money for a longer time, (this is what "buying a bond" is, it's just you giving the gov a loan) then it's only natural that they pay you more at the end of the deal

        it's "healthy" that the curve is shaped the way it is, because it means long term investments make more money, which means everyone expects good things in the long-term future.

        this curve is dictated by the forces of the market, just like stock prices.
        sometimes, and very rarely, it inverts, meaning the long-term bonds start paying less than the short-term ones. This is bad because it means people expect bad things in the future, and opt for short-term bonds instead.

        almost every time this "inversion" happens, it is followed by a recession within 2 years. Something like 7 out of 8 inversions were immediately followed by recessions (8/9 if you include the covid crash)