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Common sense- if an individual thinks they'll need money in the next 12 months, due to economic uncertainty(COVID,lockdowns,SEC) they should convert to USD or their national currency to pay their predefined debt (mortgage, car pmts, etc...) Don't use #Crytpo as a bank account.1/6
I fully expect 2021 to be a more crazy year than 2020 for the markets and local economys.Biden Tax increases are coming at a time when they will do the most damage to individuals. Unemployment is very high in USA (even for the rigged metrics). Increase to corporate taxes only 2/6
Hurts the little guys (start ups, mom and pops) who reap their sole wellbeing from their own labor. Minimum wage increases further ruins their ability since they lack the economy of scale granted to large corps/franchises. They will be priced out of the market due to gov. 3/6
So 2021 in a nutshell - people can't find work, they blame rich corporations who pay no tax (they still won't after a tax increase since they run at a tax loss by design!), the work they can find doesn't pay well (because of the high tax environment), calls for higher minimum 4/6
wage increases start, politicians panic, cave into it, more mom and pop businesses close. With a higher minimum wage everyone's cost of goods purchased increases! Big Corps benefit by hiring people with masters degrees at $20/hr to work, because they can't afford to Start-up. 5/6
Politicians sit and watch as their investments in corporate companies increase, lobbying continues, and more people are forced through economic fear to work for large corps. Tax increases are just Monopolistic policies for short term benefit of corps and gov not avg Joe. 6/6
