The Golden One - March 31, 2020


The Coronavirus and the Economy. Am I Worried？


Episode Stats

Length

10 minutes

Words per Minute

131.80582

Word Count

1,325

Sentence Count

16


Summary


Transcript

00:00:00.000 Greetings my esteemed subscribers. Welcome to a forest walk. I have quite a few videos planned
00:00:09.600 but it feels more reasonable to just exhaust the topic of the corona or Wuhan virus first because
00:00:18.880 you know that's after all the most relevant thing to discuss at this moment in time. So the first
00:00:26.020 question I thought to respond to is how seriously I take this thing and I do take it seriously.
00:00:32.980 I'm not a doctor myself but my wife's father happens to be a doctor and that's a man I trust
00:00:40.180 100% both professionally and in terms of you know wanting the best for my family. So he says you know
00:00:48.920 keep safe, be safe, maintain your isolation to the best of your abilities. So that's what we're
00:00:56.280 doing. So if you're wondering about my personal stance yeah I'm trying to keep it I'm trying to
00:01:02.360 keep safe to the best of our abilities. Now of course we are fortunate to be in near the forest of
00:01:12.760 isolation here in good old Scandinavia. So you know close to nature so it's much easier for us to be
00:01:21.160 you know stay away from people. I can imagine that if you're living in Madrid or any of the
00:01:27.480 Italian cities it might of course be a lot harder mentally to just be inside whereas we can at least
00:01:33.960 go out in the forest and you know it's not all too much of a problem to be completely honest.
00:01:39.960 Of course I do miss the gym, I miss MMA but ultimately yeah it's I can get a lot
00:01:47.080 a lot done anyway so it's all good but I would say something though in regards to the economy and
00:01:57.240 you know I don't want to sound like a conservative or a neoliberal who cares about
00:02:06.440 GDP and do not care about humans. My perspective is this I do take it seriously and I do endorse of
00:02:13.560 course social distancing, quarantine measures, bans on travel and everything. I do support it because
00:02:21.960 I believe this is a severe health crisis and all countries should do their part to try to stop it
00:02:29.160 including Sweden. I say should because we aren't at the moment but it comes at a cost and that cost
00:02:38.600 is economical and I don't say that I'm worried about the economy for the sake of some giant corporation
00:02:47.640 or some banks or some banks or anything I am worried about the economy for the small family businesses
00:02:54.600 the small companies etc. You know everyone who has a company you know it's not always the easiest
00:03:02.600 and you know everything is quite fragile it's sometimes hard to get
00:03:06.200 damn
00:03:17.560 okay you could probably not see that but there was an elk
00:03:24.920 in in the forest actually just ran away well actually
00:03:36.200 okay so a bit of extra extra material yeah I don't know if you saw anything in the video but
00:03:51.480 yeah I will take another path I don't want to disturb the elk well I already did but yeah anyway
00:03:59.080 um so where was I yes I do am worried about you know the small businesses it is hard to get around
00:04:10.680 and if you have a you know family driven cafe somewhere and you have a city-wide lockdown
00:04:20.760 it can be a you know it can break you it can break your business
00:04:25.000 um whereas you know if you have big companies big multinational companies such as mcdonald's for
00:04:31.960 example you know they can withstand the sort of economic
00:04:39.880 tragedies you know they might have to fire up they might have to fire a few people but
00:04:46.120 at the end of the day you know if you're employed at mcdonald's you've perhaps worked there for
00:04:51.880 half a year or something you haven't invested so much time money energy into that whereas the family
00:05:01.320 cafe might have
00:05:05.240 you know yeah it's uh it's been a lot going into that endeavor and what do you do if it's um if it
00:05:12.520 goes bankrupt or being bought up by a large you know starbucks or something so you see if I say that
00:05:20.120 I am a bit worried about the economy it's not because I care so much about the GDP it's because
00:05:25.160 I care about people it's because I care about these you know little companies that make the
00:05:33.160 economy go around um you know the local economies and if there's something as I said in the last video
00:05:40.520 if there is one thing that hopefully is a lesson here is the virtue and the value of a local economy
00:05:51.560 that you know you are not so dependent upon these big multinational companies you're not so dependent on
00:05:59.240 imports you're not so dependent upon a system that is so fragile that a little thing can happen somewhere
00:06:05.640 else and the whole chain comes crashing down if you want to have a reliable and stable anti-fragile system
00:06:13.080 yeah it's local farms basically you get the majority of your food produce from local farms
00:06:18.280 not rocket science but something that should be the the pinnacle of every economic system you know if
00:06:27.000 any heads of states are watching this you should definitely focus on that sort of thing when you
00:06:37.240 build your when you formulate your policies now also again if any heads of states are watching
00:06:44.200 this fine video in regards to using the tax money you know you have the option what you can spend the
00:06:53.080 tax money on you can either you know bail out a massive bank for um astronomical amount of money
00:07:01.640 you can spend the money on a population replacement you know giving all money away to
00:07:07.960 young men from other biocultures or alternatively what you can also do and this is my completely
00:07:16.520 revolutionary wisdom here i know it's very radical but you could actually you could try to spend it on
00:07:25.160 your own population on your own entrepreneurs on your own men and women who are in a tough spot because of
00:07:35.080 the lockdowns so you say to them this you know the family cafe i just mentioned the local farm the
00:07:45.080 whatever everyone who is affected by the lockdown in a city so if you are in italy for example you have a
00:07:52.920 local family-owned cafe of some sort you say to them okay you need to stay inside you need to close
00:08:02.200 your shop for however much time but we will give we will give you a grant of
00:08:10.760 this amount of euro or whatever so that you can you know you haven't lost all too much sure you have
00:08:16.760 lost revenue but we can compensate a bit of it so that you survive so you see that is a
00:08:24.520 reasonable use of the tax money so instead of again bailing out a big bank or continuing on with
00:08:32.440 population replacement or giving away all the tax money to development countries revolutionary thought
00:08:40.840 focus on your own population so anyway i just wanted to have that said long story short i take this
00:08:50.680 pandemic situation seriously i suggest everyone else does too but i am also worried about the economy
00:08:58.920 but there is a solution i do suggest you know lockdowns um social isolation social distancing
00:09:07.000 it's a good idea and most western nations have enough resources to compensate the small businesses
00:09:16.040 that make the economy go around and i do feel my heart goes out to all all of these businesses
00:09:22.600 being targeted you know my businesses are you know quite anti-fragile in this regard now of course i
00:09:29.800 have calculated it will be less revenue it is what it is it it sucks and it's not fun at all but
00:09:38.120 ultimately priorities for yeah me and my family to stay safe and everyone else staying safe as well
00:09:44.920 so yeah that being said i hope you all stay safe and thank you for watching xxo boom