Download your financial stress test at this link: https://www.kenmcelroy.com/stresstest/
Join Ken as he walks through his latest thoughts on the economic impact of the 2020 Lockdown Recession.
Be sure to click the bell to be notified as soon as I post the next video in the series.
Ken's Social Media
ABC's of Real Estate Investing: https://goo.gl/ze5RzL
The Advanced Guide to Real Estate Investing: https://goo.gl/5sQ1SS
ABC's of Property Management: https://goo.gl/hjUUah
The Sleeping Giant: https://goo.gl/iZZalj
Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABC’s of Property Management, and most recently his book on entrepreneurship: The Sleeping Giant. Ken is a Rich Dad Advisor.
Ken's company: https://www.MCCompanies.com
If you are interested in this topic you can find more information out at the links below.
U.S. Recession Model at 100% Confirms Downturn Is Already ...www.bloomberg.com › us-economic-recession-tracker
Apr 8, 2020 - 0 50 100 % 2000 2010 2020 1992 2020 2001 Recession Great Recession. Source: Bloomberg Economics. The recession probability model ...
Why the Global Recession Could Last a Long Time - The New ...www.nytimes.com › economy › coronavirus-recession
Apr 1, 2020 - Fears are growing that the worldwide economic downturn could be ... The federal budget deficit will be nearly $4 trillion in 2020, the C.B.O. says ...
Economic Recession in 2020: What Steps Can You Take Now?www.oberlo.com › Blog
9 Apr, 2020 9 min read 2 comments. Economic Recession 2020. These are challenging times. The coronavirus, COVID-19, has quickly traveled around the ...
recession - Wikipediaen.wikipedia.org › wiki › _recession
Jump to global economic slowdown - The recession is considered to be the steepest economic downturn since the Great Depression. On 14 April 2020, the ...
Cause: -induced market ... Date: 20 February 2020 – present
Background · Causes · Financial crisis · Impact by country
On Thursday 20th November 2014 over 30 MPs took part in a debate in the House of Commons on money creation and society. This was the first time in 170 years, since the Bank Charter Act in 1844, that the topic has been fully debated.
Money creation affects almost every aspect of our lives, and is directly connected to almost all public policy, including public and private debt levels, house prices, and rising inequality, but it’s very poorly understood. A recent poll found that 7 out of 10 MPs believed that only the government can create money, when in fact 97% of money is created by banks as they make loans, as recently confirmed by the Bank of England
Michael Meacher MP:
"The banks have too much power and they have greatly abused it. First, they have been granted enormous privileges since they can create wealth simply by writing an accounting entry on a register. They decide who uses that wealth and for what purpose and they have used their power of credit creation hugely to favour property and consumption lending over business investment because the returns are higher and more secure. Thus the banks maximise their own interests but not the national interest. Secondly, if they fail to meet their liabilities, the banks are not penalised. Someone else pays up for them."
SUBSCRIBE to Positive Money UK's videos:
Like us on Facebook http://www.facebook.com/PositiveMoney
Follow us on Twitter http://www.twitter.com/PositiveMoneyUK
Follow us on Google+ http://www.positivemoney.org.uk/googleplus
Positive Money is a not-for-profit research and campaign group. They work to raise awareness of the connections between our current monetary and banking system and the serious social, economic and ecological problems that face the UK and the world today. In particular they focus on the role of banks in creating the nation's money supply through the accounting process they use when they make loans - an aspect of banking which is poorly understood. Positive Money believe these fundamental flaws are at the root of - or a major contributor to - problems of poverty, excessive debt, growing inequality and environmental degradation. For more information, please visit: http://www.positivemoney.org/
Help us caption & translate this video!
Economics 101 -- "How the Economic Machine Works."
Created by Ray Dalio this simple but not simplistic and easy to follow 30 minute, animated video answers the question, "How does the economy really work?" Based on Dalio's practical template for understanding the economy, which he developed over the course of his career, the video breaks down economic concepts like credit, deficits and interest rates, allowing viewers to learn the basic driving forces behind the economy, how economic policies work and why economic cycles occur.
To learn more about Economic Principles visit: http://www.economicprinciples.org.
[Also Available In Chinese] 经济这台机器是怎样运行的: https://www.youtube.com/watch?v=-ZbeYejg9Pk
[Also Available In Russian] Как действует экономическая машина. Автор: Рэй Далио (на русском языке): http://youtu.be/8BaNOlIfMLE
For more from Ray:
Principles | #1 New York Times Bestseller: https://amzn.to/2JMewHb
Buy his new book, Principles for Success: https://amzn.to/34lgnNJ
Connect with him on Facebook: https://www.facebook.com/raydalio
Follow him on Twitter: https://www.twitter.com/raydalio
Follow him on Linkedin: https://www.linkedin.com/raydalio
Follow him on Instagram: https://www.instagram.com/raydalio/
Download his free iOs app: https://principles.app.link/PFS