Valuetainment - Episode 437： Coronavirus Impact On Global Economy Explained

00:00:00.000 30 seconds did you ever think you would make it i feel i'm so close i could take sweet victory

00:00:07.200 i know this life meant for me yeah why would you bet on goliath when we got bet david

00:00:14.120 value taming giving values contagious this world of entrepreneurs we get no value to haters how

00:00:19.280 they run homie look what i become i'm the i'm the one this is patrick baby host of value team and

00:00:24.140 today we're going to talk about the coronavirus effect on the world economy coronavirus what is

00:00:29.520 it what type of a virus is it coronavirus is a zoonotic type transmitted between animals and

00:00:35.740 people the origins is from a city called wuhan which is the capital of hubei about 50 million people

00:00:40.500 live there uh in this province in china so now how does this coronavirus spread well it's through

00:00:45.800 coughing and sneezing it's through close personal contact touching and shaking hands or touching an

00:00:51.640 object with the virus on it then touching your nose your mouth and your eyes and here's the countries

00:00:56.820 that are affected by this and i keep this in mind when i say countries affected by this doesn't mean

00:01:00.320 they've had a person that died because so far we've had 1500 death tolls from this coronavirus but these

00:01:06.700 countries have had cases of coronavirus such as u.s china saturday arabia saudi arabia south korea japan

00:01:14.280 taiwan vietnam singapore australia belgium cambodia canada egypt finland france germany india italy

00:01:19.760 malaysia nepal philippines russia spain sri lanka sweden thailand uae and last but not least uk now keep

00:01:26.200 this part of mind i'm not going to get into what kind of a virus this is because that's very

00:01:29.620 technical it'd be an hour video and quite frankly i'm not a doctor to do that i'm specifically talking

00:01:34.760 about effects of it worldwide and the economy so now there's two words you hear about epidemic

00:01:39.840 pandemic the real difference between epidemic and pandemic is epidemic is more local pandemic is

00:01:46.460 global worldwide so if something spreads within a nation maybe that's an epidemic but if it starts

00:01:52.360 going from u.s china south korea japan now we're talking about a pandemic pandemic is a form of an

00:01:58.520 epidemic is what it is right so now pandemics what are the largest pandemics we've ever had

00:02:03.360 that have affected the most people and cost the most lives i'll go from top to bottom so at the

00:02:07.240 top is a black death which was between 1346 1353 somewhere between 75 to 200 million people died now

00:02:13.100 keep this in mind obviously this is purely numbers that have been passed down nothing is 100 but this

00:02:18.400 data that you see when you do some research second one is flu pandemic that was in 1918 around 20 to

00:02:23.900 50 million people died hiv virus from 2005 to 2012 36 million people died plague of justinium which

00:02:31.120 is a roman empire 541 to 542 25 million people died fifth was antonine plague which was at 165 ad

00:02:37.760 five million people died there then you have the asian flu 1956 or 1958 two million people died

00:02:43.020 then you have flu uh 1968 a million third cholera which is 1852 to 1860 another million then you

00:02:50.740 have the asiatic in russia flu from 1889 to 1890 which is another million and last but not least is

00:02:55.440 the sixth cholera between 1910 1911 over 800 000 people died and keep this part of mind every one of

00:03:00.840 these you're looking at is over 800 000 lives and it's third world countries and it's pre pre 1968 i know

00:03:09.620 hiv is recent but pre 1968 so it wasn't as advanced as it is today and coronavirus so far is only 1500

00:03:17.140 documented that toll which is still a big number you got to pay attention to the biggest concern here is

00:03:21.740 to make sure momentum doesn't take off and all of a sudden it goes to 100 000 200 000 a million because

00:03:28.080 that really impacts a lot of people's lives economy it can really affect a lot of different things so

00:03:33.640 let's compare SARS to coronavirus SARS was originated in Beijing coronavirus in Wuhan SARS pandemic was

00:03:41.020 in 0203 coronavirus was in 2020 China's percentage of world GDP in 03 was only 8.7 percent but China

00:03:51.260 today is 19.3 percent of world's GDP they used to be the sixth largest economy when SARS took place

00:03:58.920 today they're the second largest economy why is this important it's a very big difference when

00:04:03.100 you're 8.7 percent of world GDP to 19.3 now you're the second largest economy in the world so

00:04:08.380 if something happens to China everybody's affected by it because the only economy above China is who 0.93

00:04:13.660 US so this is why a lot of industries are taking hits whether it's travel manufacturing shipping tech

00:04:20.080 mobile you you've seen cruise ships where people stuck on a ship and they can't go anywhere because

00:04:25.120 they're worried about the virus coming to them you're hearing casino business Macau Macau's a tourist place

00:04:30.000 people go to Macau regularly shut down so it's affecting many different industries all over the

00:04:36.320 place now we're hearing a lot of different conspiracy theories so the first conspiracy theory you're

00:04:40.080 hearing about is from Tito Soto who is the senate president from Philippines and he gets up and he

00:04:45.280 shows this video this 10 minute video in front of about 150 decision makers there and says this is

00:04:51.260 all the works of China China's using the coronavirus as a way to weaponize against its people right and 1.00

00:04:57.180 there was a big dispute we'll put the link below for you to watch it if you haven't seen it yet

00:05:00.300 some are saying Chinese government's using this virus to attack innocent people you're seeing a

00:05:04.500 lot of folks that are coming the government's coming in pulling people throwing them into trucks like

00:05:08.680 quarantine you know to to get them protect them from others saying this could be an outbreak

00:05:13.180 people are screaming these videos are going viral citizens of China are posting this they're

00:05:17.700 taking them down people are getting arrested for no reason so that's part of it where some are

00:05:21.600 saying that's one of the things that's taking place some are saying US military and CIA is directly

00:05:25.360 involved you know another one is China stole this virus from Canada to weaponize it against its own 0.81

00:05:31.600 people Russian TV host says it's Trump's fault a Russian scientist says the US pharmaceutical

00:05:37.980 companies behind this and another expert says they're using this as a way to target certain

00:05:41.780 ethnicities by the way there are hundreds of conspiracies we can go through that there's not

00:05:46.340 really a virus going on this is just a way to impose and control people there's many of them okay

00:05:51.720 many many of them worthy of reading just to kind of put it in a place in the back of your head

00:05:55.660 but not into going deep into it to believe a hundred percent of everything people are talking about

00:05:59.620 because it'll drive you nuts but the reason why I'm doing this is because I'm hearing people talk to

00:06:04.280 me about it and oh my gosh what about this don't shake hands cover your mouth when you're on a plane

00:06:08.160 I'm always traveling you know Mario was just in uh where were you at you were at Qatar

00:06:11.600 he's coming back from Qatar he was at Maldives and Pat everybody had masks on it was so interesting

00:06:16.260 seeing all these people they're worried about it this is just taking place right now

00:06:19.600 the part I want to talk about is how does this affect the marketplace when it's taking place

00:06:24.820 because immediately when this happens a lot of people panic let's see what history tells us

00:06:29.600 about what happened to the stock market both with S&P 500 as well as a Morgan Stanley Capital

00:06:35.440 International World Index which is 160,000 indexes worldwide to measure how the world is doing

00:06:40.540 world economy is doing so if you look at this I'm not going to give you all the numbers you can go

00:06:44.980 look at the link below to study this for yourself you're mainly looking for red meaning the market

00:06:49.660 dropped green says the market went up I'll give you the list of pandemics which month it was then

00:06:54.680 six month change in S&P 500 12 month change also an S&P 500 then I'll give you six month for the MSCI

00:07:02.200 how it responded worldwide okay so HIV it's red across the board six months later 0.3 12 months later

00:07:08.920 is negative 16.5 and worldwide it's affected by it as well then the rest of it pneumonic plague it was

00:07:15.280 affected by the MSCI but not S&P SARS all positive avion flu all positive donk fever all positive swine flu

00:07:23.800 all positive cholera all positive MERS all positive Ebola all positive measles is pretty much even it

00:07:30.940 didn't really go up or down it affect a little bit on 12 months but the MSCI went up Zika all positive

00:07:36.940 worldwide it wasn't positive again measles in 2019 all positive you don't have 12 months because it

00:07:42.860 was just in June of 2019 so when you're looking at it at the beginning if people don't follow finances

00:07:49.220 and economy they think oh my gosh it's the end of the world China 9.1 percent market drop what could

00:07:54.900 take place this is really going to affect me and this is why you cannot be naive yourself you have to

00:08:00.780 consume the content that you're seeing from everybody all the experts that they're telling you

00:08:04.400 then go do a little bit of research like this for yourself and I say maybe it's not as bad as

00:08:09.460 they're talking about what why are they putting so much fear into me about this because think about

00:08:13.200 it this way last year just a basic seasonal flu seasonal flu that we get every year 500,000 people

00:08:19.320 died last year just from seasonal flu worldwide in the US alone the numbers around 14,000 to I think

00:08:24.440 36,000 last year by the way this is the part about China that this is why most people don't trust the

00:08:31.400 Chinese government do you know the Chinese government said out of their 1.5 billion people

00:08:35.320 that live there in 2016 only 56 people died from the seasonal flu and in 2017 only 41 people died

00:08:43.020 from the seasonal flu and in 2019 144 died from seasonal flu and they talk about their unemployment

00:08:48.260 it's only 3.2 percent the last 20 years because the government controls the data that they give to

00:08:53.920 the public you got to be naive to believe whatever the Chinese government puts out data wise because

00:08:59.380 they're trying to protect themselves to show to the world that they're doing really really good

00:09:03.560 of course they had more people that died from flu than 56 in 2016 because worldwide it's 500,000 so

00:09:09.860 again 500,000 is here 1500 is here is it really that crazy to you know put all this content online

00:09:18.300 spend hundreds of hours on TV putting that fear into you and I I'm not telling you it's not worthy of the

00:09:23.700 content because we have to be aware listen military slogan is very simple stay alert stay alive if you're

00:09:29.360 too paranoid you can't enjoy anything about your life because you're true you become an OCD about

00:09:33.760 every single thing now you can't really get the best out of your life and enjoy it right so you

00:09:37.400 look at that part then the last thing I want you to be thinking about is the final look this ain't

00:09:40.800 going to be the first time or the last time that they're going to use fear to control the populace

00:09:44.120 keep this part of mind how many people you think are going to watch this video how many

00:09:47.360 a half a million maybe a million views maybe two million three million maybe like the u.s. china trade war

00:09:52.000 video this gets three million views there's seven million people living in the world

00:09:55.340 you know for how many centuries the government and people of power and mainstream media has

00:09:59.980 used fear to control the people do you know for how long powerful people have used fear tactics

00:10:05.780 to control the people for centuries and it ain't never stopping the difference is today they have

00:10:11.420 more tools to do it and they're in your face more notification notification notification notification

00:10:16.060 notification fear fear fear fear fear immobilize but during the same entire time there's a group of

00:10:23.240 people that sit when they see this taking place they sit there and say don't overreact military

00:10:28.520 says stay alert stay alive listen wash your hands i will tell you that take care of your body be careful

00:10:33.900 how many times you're touching your half a face keep washing your hands if there's one thing that we

00:10:37.540 can get from this there's nothing wrong with washing your hands 20 30 times a day if you can

00:10:41.820 to protect yourself have wipes with you have whatever you can around you to take care of yourself yes

00:10:46.500 you got to be taken care of yes you got to stay alert but you can't overreact

00:10:50.780 if you overreact you will take a hit you'll have missed opportunities i did a video a year ago

00:10:57.100 talking about how to capitalize upmarket crash you know what's the first point i talk about

00:11:00.740 monetize fear not impose fear monetize fear the government's going to impose fear the media is

00:11:07.200 going to impose fear that doesn't mean you need to be controlled by fear you need to stay in control

00:11:11.200 don't overreact do your research i mean obviously we covered coronavirus the pandemics in the past

00:11:17.060 sars versus coronavirus the different conspiracy theories history-wise what it's done market nine

00:11:22.580 percent seasonal flu half a million you go do your own research you don't don't take everything

00:11:27.020 anybody says and go you go do your research i'm doing these things so you say i don't know about

00:11:31.320 that let me go do my own research great as you become smarter and smarter and smarter then you

00:11:35.380 make better moves in times like this so you end up winning both financially by educating the

00:11:41.360 people around you your loved ones your family and you're not controlled by the media and the

00:11:45.020 government when they impose fear on you thanks everybody for listening and by the way if you

00:11:48.160 haven't already subscribed to value payment on itunes please do so give us a five star write a

00:11:53.940 review if you haven't already and if you have any questions for me that you may have you can always

00:11:57.820 find me on snapchat instagram facebook or youtube just search my name patrick mid david and i actually

00:12:03.680 do respond back when you snap me or send me a message on instagram with that being said have a great

00:12:09.060 day today take care everybody bye

00:12:10.500 bye

Valuetainment - March 04, 2020

Episode 437： Coronavirus Impact On Global Economy Explained

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