122 countries supported an initiative to investigate the causes of the global pandemic.
The situation is completely classic: the formation of an international coalition. It will not include all 122 countries, there will be a competition and selection according to a number of criteria, which, most likely, will become clear by the time the goal of this coalition and the methods for achieving it are announced. However, the essence of what is happening is understandable.
The pandemic has become an extremely specific version of the world war, or rather, its first round. Without a doubt, there will be a second and further. The specifics of the current world war are that the front line and the warring parties are fundamentally different from previous scenarios. If in the first and second world war national states took part as subjects, today today they are joined by supranational structures - corporations, funds and financial institutions. Together, they represent an extremely complex conglomerate of contradictions and interests, forming tactical alliances and alliances. That is why it is extremely difficult to talk about a confrontation, for example, between China and the USA, since it should be indicated which particular entities are opposing each other and which, on the contrary, are situationally allied. It should be understood that all the mechanisms for overcoming contradictions that exist today are from the past. The past, where the only subjects of world politics were national states, and nothing more.
In this particular case, under the guise of calling for an investigation into the causes of the pandemic, we are talking about putting forward an ultimatum to China. The essence of the ultimatum is well known - China must pay reparations to countries affected by coronavirus. We are talking about trillions of dollars, and it is clear that China will not pay them even if it wants. However, here options begin, depending on which the final coalition will be formed to force China to peace under the conditions of this broad coalition of 122 countries (it is possible that they will join later).
The paradox is that there is a possibility in which Trump and Xi Jingping can become allies in this ultimatum and its conditions. Trump can offer China reparations in the form of assets and property, which China will transfer in one form or another in compensation for the harm caused by the pandemic. Of course, for this to happen, China will first have to admit its responsibility for it, and even direct military pressure scenarios are possible here - therefore, a coalition is needed, because through the existing UN structures and mechanisms it will be impossible to legitimize such pressure. But the previous experience of the war with Yugoslavia, with Iraq, Afghanistan showed that if it is impossible, but necessary, then the UN Security Council can be circumvented through the creation of an international coalition of a wide composition.
Xi Jinping and Trump represent the interests of their nation-states, and for all the contradictions between China and the United States, they have another opponent - global supranational structures. In China, they are represented by the Komsomol nomenclature, which Sinologist Vavilov directly calls a controllable, and at some points allied, global global financial structure. At the same time, immigrants from the Chinese Komsomol are political opponents of Xi Jinping. And, of course, they possess tremendous industrial and financial resources. So, in fact, on this basis, the interests of Xi and Trump may well converge - if the property and assets of the opponents of Xi from the Komsomol nomenclature count towards reparations, he will only strengthen his position inside China. Although, of course, China as a state will in this case be unambiguously the object of American politics and will certainly not be able to claim a leading role in the world. However, everything has a price, and it is unlikely for Xi Jinping it will become smaller.
One way or another, but this situation is more likely related to the second round of the world war, and first you need to complete the first. And its completion looks from the point of view of goals quite definitely: China must recognize its responsibility for the pandemic. This is the political goal of the current world war. An intermediate goal, of course, since the next extremely difficult and difficult stage will be to determine the list of reparations that China will have to pay. It is at this stage that C and Trump can become allies. But now they are obvious opponents, and nothing else.
The configuration of the third “series” of the World War is understandable, which will take place when (if) Trump and X succeed in nullifying the Chinese Komsomol members and knocking out a powerful resource from under the global global financial oligarchy. Of course, it is not decisive, but the defeat will be disastrous for financiers. And then you have to finish them off “in the den”, smashing the supranational structures with which the financial oligarchy today has its share of control over world politics - this is the World Bank, the International Monetary Fund, and the Federal Reserve System, after which the structures will go under the knife UN captured by global financiers and foundations - like the same WHO. But this is in the future, this is the third stage of the war, and it is still a long way off.
While on the agenda are charges against China and forcing him to plead guilty. A coalition of 122 states takes only the first step. Although, of course, time is running out, and events will develop quite dynamically and without buildup.
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https://read.cash/@Rodion/profitable-mining-2020-which-coins-to-choose-9eca2dfd
An autopsy will show: most patients with coronovirus do not die of pneumonia.
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https://read.cash/@Rodion/where-will-bitcoin-meet-halving-54e7bd50
Pavel Durov offered investors 2 options.
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The founder of Telegram, Pavel Durov: After a pandemic, the world will not return to normal.
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ETH 2.0 will be “the community’s largest economic shift”.
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Twitter users helped Joan Rowling deal with BitCoin
In a commentary on a Tweet by CoinDesk journalist Lee Kuen, the famous writer complained that she did not understand Bitcoin and asked for an explanation of what it was.
Soon there followed a response from the creator of Ethereum, Vitalik Buterin, who wrote, however, that the first cryptocurrency “was not backed up by anything”.
“This is a digital currency. In total there are about 18 million such currency units. She is not backed up by anything. It is simply valuable because it is a kind of collectible. ”
Vitalik also talked about a network of computers that everyone can join, and drew an analogy with a certain global Excel table.
Obviously, not everyone liked this comment.
“Don't listen to this skinny guy. His role model was Elizabeth Holmes [the founder of the infamous Theranos], ”wrote @PsychedelicBart.
Trying to be as clear as possible, some Twitter users used terminology coined by Rowling herself.
“As before, wizards are forced to trust Gringotts.” Bitcoin fixes that, ”@Bitcoin wrote.
However, Rowling, apparently, managed to understand a little.
“People are now explaining to me about bitcoin and, frankly, these are blah blah blah collectibles (My Little Pony?), Blah blah blah computers (there is one of them), blah blah blah crypt (sounds awesome) , blah blah blah, be aware of the risks (I don’t realize, in general), ”the writer complained.
The head of Tesla and SpaceX, Elon Musk, volunteered to solve the problem. He expressed the opinion that the activity of central banks makes Bitcoin more reliable "Internet money" in comparison with fiat money, the supply of which is growing rapidly.
Musk added that he still has 0.25 BTC.
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Profitable mining 2020: which coins to choose.
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⛏ Where will bitcoin meet halving? ⛏
https://read.cash/@Rodion/where-will-bitcoin-meet-halving-54e7bd50
Pavel Durov offered investors 2 options.
https://read.cash/@Rodion/pavel-durov-offered-investors-2-options-bafc52c9
How does inflation depreciate your money?
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The founder of Telegram, Pavel Durov: After a pandemic, the world will not return to normal.
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ETH 2.0 will be “the community’s largest economic shift”.
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Profitable mining 2020: which coins to choose
This article lists cryptocurrencies whose mining makes a profit in 2020.
TOP 10 cryptocurrencies for mining
1. Ethereum Classic
Ethereum Classic can be mined using the GPU. At the time of writing, ETC is one of the most profitable coins.
Algorithm: PoW
Hash Function: Ethash
Current price: $ 6.00
Reward: 4 ETC
2. Bitcoin
Bitcoin is still the leader in the list of cryptocurrencies, and the current share of dominance is 67.2%, according to CoinMarketCap. On May 12, 2020, the remuneration for the BTC block was halved - from 12.5 to 6.25 BTC. However, coin mining is still extremely competitive.
Algorithm: PoW
Hash Function: SHA-256
Current price: $ 8914
Reward: 6.25 BTC
3. Litecoin
Litecoin is one of the most successful BTC forks. Since it uses the Scrypt protocol, mining is possible even on weak hardware.
Algorithm: PoW
Hash Function: Scrypt
Current price: $ 42.33
Reward: 12.5 LTC
4. Ravencoin
Ravencoin is a global cryptocurrency that occupies 52nd position in the CoinMarketCap ranking with a market capitalization of more than $ 119 million. Miners choose this coin because of the X16R algorithm.
Algorithm: PoW
Hash Function: X16R
Current price: $ 0.036818
Reward: 5000 RVN
5. Grin
Grin is a relatively new cryptocurrency on this list. Based on the MimbleWimble consensus algorithm, which ensures the confidentiality of transactions on the network.
Algorithm: PoW
Hash Function: MimbleWimble
Current price: $ 2.81
Reward: 60 GRIN
6. Electroneum
Electroneum is an ASIC resistant coin that can be freely mined using the CPU and GPU. In addition, the Electroneum team has developed a mobile application for iOS and Android, which serves as a wallet and also allows mining.
Algorithm: PoW
Hash Function: CryptoNight
Current price: $ 0.005246
Reward: 7,000 ETN
7. Monero
Despite the high transaction fees, XMR users still value it for its exceptional level of anonymity. Monero can be mined using the GPU.
Algorithm: PoW
Hash Function: CryptoNightR
Current price: $ 62.55
Reward: 2.47 XMR
8. ZCash
The current fee for ZCash's cryptocurrency privacy-oriented transactions is small, so some people find it more convenient to trade and sell.
Algorithm: PoW
Hash Function: Equihash
Current price: $ 56.16
Mining reward: 10 ZEC
9. Bitcoin Gold
Bitcoin Gold is a very popular cryptocurrency created specifically for GPU mining. Currently, it is among the 39 world cryptocurrencies with a market capitalization of $ 157 million.
Algorithm: PoW
Hash Function: Zhash
Current price: $ 8.95
Mining reward: 12.5 BTG
10. Dogecoin
Created once for the sake of Dogecoin's joke, now it takes 29th place in the world in cryptocurrencies with a market capitalization of $ 308 million. Like Litecoin, Dogecoin uses the Scrypt protocol for mining.
Algorithm: PoW
Hash Function: Scrypt
Current price: $ 0.002838 USD
Reward: 10,000 DOGE
Crypto mining is still a lucrative industry. But keep in mind that the more popular cryptocurrency, the more difficult it is to mine.
In our community, everyone is welcome, join:
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You may be interested in my other articles:
An autopsy will show: most patients with coronovirus do not die of pneumonia.
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ETH 2.0 will be “the community’s largest economic shift”.
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An autopsy will show: most patients with coronovirus do not die of pneumonia.
Autopsy of patients who died from COVID-19 began around the world, and the results confused physicians. It seemed that not all pneumonia caused death. Moreover, the majority did not show any changes in the lungs at all. According to the Japanese, half of all passengers on the infamous Diamond Princess airliner, who had an asymptomatic form of coronavirus, just discovered lung damage.
Earlier, German authorities forbade the opening of coronavirus deaths for fear of mass infection of doctors, but the German Society of General Pathology and the Federal Union of German Pathologists insisted on an autopsy, Octagon Media writes today. Pathologists believe that this will help in developing an effective treatment for the disease.⠀
They are trying to understand what kind of harm the coronavirus does to the body.⠀
Pathomorphologists at a university clinic in Swiss Basel revealed that all who died from coronavirus had hypertension, most were overweight, more than half had problems with their heart and blood vessels, and every third suffered from diabetes. But pneumonia was in a minimal amount.⠀
Doctors believe that patients were suffocating because they had a violation of microcirculation in the lungs due to a violation of oxygen metabolism. Give oxygen as much as you like, it will still not move through the body with such a violation, doctors say.⠀
Similar results were obtained by German colleagues: most have blood pressure, many cases of heart and vascular diseases, 50% of kidney, liver, or organ transplant diseases, obesity, and diabetes. Moreover, almost 80% had serious lung diseases before. This was confirmed by Italian scientists and researchers at the University of Zurich. It is noteworthy that back in March, Chinese researchers came to the conclusion that most of those who died with COVID infection were affected not only the lungs, but also other organs.⠀
Tereshchenko advised everyone who is at risk - people with cardiovascular disease and diabetes, to be especially careful.⠀
🔵This will help find effective treatments?
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You may be interested in my other articles:
⛏ Where will bitcoin meet halving? ⛏
https://read.cash/@Rodion/where-will-bitcoin-meet-halving-54e7bd50
Pavel Durov offered investors 2 options.
https://read.cash/@Rodion/pavel-durov-offered-investors-2-options-bafc52c9
How does inflation depreciate your money?
https://read.cash/@Rodion/how-does-inflation-depreciate-your-money-8dbd0602
The founder of Telegram, Pavel Durov: After a pandemic, the world will not return to normal.
https://read.cash/@Rodion/the-founder-of-telegram-pavel-durov-after-a-pandemic-the-world-will-not-return-to-normal-6cef8d24
ETH 2.0 will be “the community’s largest economic shift”.
https://read.cash/@Rodion/eth-20-will-be-the-communitys-largest-economic-shift-a8814608
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⛏ Where will bitcoin meet halving? ⛏
A bit more than a week remains before the main event of 2020 in the crypto world, a bitcoin halving. Over the past month and a half since the collapse of the markets, the main cryptocurrency, and with it the entire digital asset market, has fully recovered and are gaining strength for a new rise. A study by Currency.com cryptocurrency analysts shows that Bitcoin behaves quite predictably, repeating the scenario of the previous two halving, showing approximately the same dynamics, but adjusted for the global crisis and pandemic, which have collapsed BTC for a short period of time.
The dynamics of bitcoin before and after halving is the same. First, bitcoin grows, reaching a historical maximum, then drops by more than 80%, gradually recovers to average values from the previous peak and halving occurs, after which a new peak submits within 13-17 months. It turns out the scheme "Peak - Bottom - Recovery (Halving) - New peak." By the way, this model is fully consistent with the standard business cycle.
🔸 2011-2013
- Peak - $ 32
- Bottom - $ 2
- Recovery to halving - $ 12.5
- New peak in 13 months - $ 1177
🔸2013-2016
- Peak - $ 1177
- Bottom - $ 163
- Recovery to halving - $ 665
- A new peak in 17 months - $ 19,800
🔸2017-202?
- Peak - $ 19,800
- Bottom - $ 3148
- Recovery to halving - $ 9400-10400
- A new peak in ?? months - ???
As you can see, the scenarios are almost identical, and the current rate is very close to the expected values. Given the growing open interest in bitcoin CME futures and the increased activity of large investors, the price is likely to reach $ 9400- $ 10400 for the remaining days.
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Pavel Durov offered investors 2 options.
https://read.cash/@Rodion/pavel-durov-offered-investors-2-options-bafc52c9
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https://read.cash/@Rodion/how-does-inflation-depreciate-your-money-8dbd0602
The founder of Telegram, Pavel Durov: After a pandemic, the world will not return to normal.
https://read.cash/@Rodion/the-founder-of-telegram-pavel-durov-after-a-pandemic-the-world-will-not-return-to-normal-6cef8d24
ETH 2.0 will be “the community’s largest economic shift”.
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Pavel Durov offered investors 2 options👇
The deadline set by Telegram itself to launch the TON blockchain and release the Gram cryptocurrency expires on April 30, 2020 (today).
Against this background, Durov sent investors letters in which he proposed 2 options for resolving the issue:
1️⃣ Return 72% of investments right now;
2️⃣ Or 110% of the initial investment, but after a year.
The first option is clear, we will not dwell on it. What does the second mean?
Investors may agree to wait until April 30, 2021. The letter says:
“In gratitude for your trust in TON, we also offer you an alternative option for receiving 110% of your initial investment by April 30, 2021” (which is 53% higher than the reimbursement for option 1) ... “Telegram continues to negotiate with the relevant authorities.”
That is, investors can receive 110% of their initial investment if they agree to wait another year, until April 30, 2021.
Then there are two more outcomes:
🔹 If, by April 30, 2021, Telegram will receive all the necessary permissions and launch the blockchain, then investors will receive Gram in the same amount as stipulated in their purchase agreements.
🔹 If, until April 2021, trading in Gram cryptocurrency is not allowed in the USA, Durov promised to pay investors by selling Telegram shares.
Durov's expectations are such that the cost of the messenger is several times higher than the total amount of debt to TON investors.
The letter reminds that the messenger has 400 million monthly users with an increase of 1.5 million people per day, and Telegram in its category is the most downloaded application in 27 countries.
QIWI founder Sergey Solonin, who invested $ 17 million in TON, believes the latest Telegram statement is good news for investors:
“The conditions are really good, I think that many investors will prefer to store their money on Telegram. There definitely is a value for capital, and even if Telegram is ultimately not allowed to release Gram, I think during this year they will be able to find an investor / funds and pay money. ”
The general mood of funds and large investors to continue relations with TON and wait until 2021, but the final decision takes time, because many people came together.
We will wait for new details ☝️
In our community, everyone is welcome, join:
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You may be interested in my other articles:
⛏ Where will bitcoin meet halving? ⛏
https://read.cash/@Rodion/where-will-bitcoin-meet-halving-54e7bd50
How does inflation depreciate your money?
https://read.cash/@Rodion/how-does-inflation-depreciate-your-money-8dbd0602
The founder of Telegram, Pavel Durov: After a pandemic, the world will not return to normal.
https://read.cash/@Rodion/the-founder-of-telegram-pavel-durov-after-a-pandemic-the-world-will-not-return-to-normal-6cef8d24
ETH 2.0 will be “the community’s largest economic shift”.
https://read.cash/@Rodion/eth-20-will-be-the-communitys-largest-economic-shift-a8814608
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How does inflation depreciate your money?
Many people are well acquainted with such an economic term as inflation, but far few understand what it means and what benefits or harm the economy brings. The first and easiest answer of people to the question of what inflation is is the increase in prices for products, goods and services. This is not an exact definition, but it conveys well the general meaning of the word.
Inflation is a decrease in the purchasing power of money, in other words, the depreciation of a monetary symbol. The depreciation of money occurs both naturally, under the influence of economic factors within the country, and artificial, under the influence of the monetary policy of the Central Bank. Let's look at both cases:
1. The natural factors that influence the depreciation of money are the poor economic situation in the country, war, crisis and other problems.
In the first case, inflation rises on its own, as manufacturers are forced to raise prices for their goods to ensure payment of wages, loan payments and other operating expenses, including tax deductions. The increase in prices encourages one part of the population to refuse to buy expensive goods, the second part of the population makes them go into loans. To avoid price increases, the Central Bank raises interest rates on loans, making money expensive, which creates a currency shortage. In the end, enterprises continue to raise prices, people buy less, enterprises do not make a profit, pay a low salary, and the population cannot pay loans. And so in a circle as long as banks, enterprises and people become unable to pay taxes. The state is forced to take loans from other countries and in the end cannot repay them. There comes a default, in this state the currency of the country is worth nothing. A striking example of Venezuela, where the level of hyperinflation is so great that the cost of goods grows literally by the hour. The country's economy is literally one step away from a complete collapse.
In the second case, the state itself stimulates inflation, because there is high competition on the market and instead of raising prices for goods and services, sellers and manufacturers reduce them while fighting for the buyer. As a result, the profitability of such companies decreases, the state receives less tax deductions, which leads to a budget deficit and a crisis. In this case, the country is threatened by deflation, while inflation, on the contrary, is necessary as air. To stimulate inflation, the Central Bank lowers loan rates as low as needed to spur price increases. For example, the European Central Bank provides loans to commercial banks at 0%. In the USA it is under 0.25%, while in Switzerland and Japan the rates are completely negative: -0.75% and -0.1%, respectively. Getting cheap loans, people start spending more. Business gets higher profits, pays more taxes, and then people return loans and close the hole in the budget. In a word - both the wolves are fed and the sheep are intact.
As you can see, if in one case they try to restrain inflation, in the other they support it. Like it or not, but money either depreciates themselves, or the Central Bank helps them in this. The inflation rate of 2% per year is considered the best option when price increases do not scare away the consumer, and the economy develops and does not stand still.
As a result, it turns out that no matter what currency you use as a savings, it depreciates every year. Consider a simple example.
The average annual inflation rate of the Russian ruble since 2000 is 7.5%. The US dollar has an average annual inflation rate of 2%. The infographics below clearly demonstrate how the ruble and the dollar have depreciated over the past 20 years.
The result - the ruble depreciated by 79% and the dollar by 33.2%. Making a ruble deposit in a bank at 5% per annum, you won’t even beat inflation. Accordingly, in a couple of years, the invested 100,000 rubles will turn into 110,000 rubles. However, over these two years, a certain conditional product, which cost 100,000 rubles, will now cost 115,000 rubles. It turns out that you are impoverished by 5,000 rubles.
In 2020, the inflation rate in Russia will be higher than the average 7.5%, the COVID-19 pandemic is to blame. However, not only Russia, but all countries will have problems, but more on that a little later.
In fairness, it is worth noting that the Russian ruble is far from a record holder for inflation. History knows much more powerful depreciation of currencies not only in the post-Soviet space, but also in the world.
The collapse of the USSR and ruble inflation in the 90s
The USSR, in an effort to avoid inflation, built its economy on the following principle: total control and monopoly in all sectors by the state, low price of the final product and high raw materials, the absence of any competition led to the concept of hidden inflation, and after and hyperinflation. It all started after the implementation of economic reforms in 1980-1990. Cooperative and contractual prices appeared, and the private sector of the economy was legalized. This led to the fact that the state has less influence on pricing. In 1989, the state budget deficit arose for the first time, and in 1991 the USSR announced the inability of further price control. From 1985 to 1991, the country's gold reserves decreased from 2500 to 240 tons, and foreign debt grew 4 times. This was followed by the collapse of the USSR and the formation of the Russian Federation. The maximum jump in inflation took place in January 1992 - 245.3% per month. This was due to the elimination of the cash overhang that formed during the late USSR - financing the budget deficit through direct loans from the Central Bank. It was possible to overcome the consequences of economic reforms only in 1999, having survived the default.
Ukraine. Maidan, 2013.
November 24, 2013 - the revolution in Ukraine. President of Ukraine Viktor Yanukovych postponed the signing of an association agreement with the EU, thereby provoking a rally in Kyiv. The meeting grew into a long confrontation, the consequences were dire - the political and economic crises in Ukraine. Independent republics appeared, the Crimean Peninsula seceded, and a civil war broke out. All these events could not pass unnoticed for the national currency of Ukraine - the hryvnia. According to the official data of the State Statistics Commission, in October 2013 the country experienced deflation at the level of 0.1%, however, exactly one year later, inflation was raging 19%.
Ukraine. 1993 hyperinflation
In 1991, Ukraine became a completely independent country, but the Soviet ruble remained the country's currency. Ukraine could not issue the currency of another state, so in 1992 its own national currency appeared - reusable coupon-carbovans. Over time, the ruble disappeared from the country's cash flow, and coupon inflation began to rise. In 1992, the largest bill was 100 coupons, and in 1995 1 million coupons. People received salaries in packs, who had the opportunity, exchanged coupons for dollars. The exchange rate to 1 US dollar was 208 coupons in 1992, and after 4 years already 182 950 coupons.
The highest inflation rate was in 1993 and amounted to 10,000% per year. It was possible to put an end to hyperinflation only by the end of 1996. The president of the country issued a decree on monetary reform; a new national currency, the hryvnia, was put into circulation. Over time, coupons were taken out of circulation, exchanging for the hryvnia in a ratio of 100 to 1.
Hyperinflation in Zimbabwe
Founded on April 15, 1981, the African state of Zimbabwe immediately issued its own national currency - the Zimbabwean dollar, in denominations of 1, 5, 10 and 20 dollars. In the beginning, everything was going well, a young country was developing, and the national currency was confidently afloat. In the late 90s, Robert Mugabe (President of Zimbabwe from 1981 to 2017) began a policy of nationalizing the land. From the moment of its foundation, immigrants from Europe lived in the country and were engaged in agriculture, which was the basis of the country's economy. By order of the president, all white landowners in the country were taken away and transferred to the indigenous population. The problem was that the local blacks did not understand anything in both business and agriculture. Soon, essential goods began to disappear from store shelves, starvation and unemployment began. In the country, drug cartels began to flourish, for which local residents worked, because there they paid in US dollars. In 2001, the Zimbabwean dollar inflation rate exceeded 100%, and in 2008 it reached record levels of 231 million percent. Since the beginning of the reforms, Robert Mugabe, the country's Central Bank continued to issue new banknotes, a larger denomination. The Zimbabwean dollar was denominated 3 times: in 2006, 2008 and 2009. In the last denomination, the national currency was abolished, the common currencies in the country are the American dollar, euro and Chinese yuan.
Germany after the first world war
At the end of the war, Germany had to rebuild the military industry, provide jobs for soldiers, and pay off external debts. In addition, Germany was recognized as the culprit of the military conflict, it was imposed strict conditions of peace, they included compensation for material damage to all the affected countries. During the war, regular emissions of the national currency, the mark, were made to pay all of Germany’s allies. Before the start of World War I, the total number of banknotes in circulation was 7 billion. After the war, this figure increased 10 times. Of course, the brand began to depreciate. Prices in the country increased 3 times a day, and a month thousands of times. On average, brands per day depreciated by 25%. New banknotes were issued with an increased denomination twice a week, but this did not help the situation. For comparison: January 1, 1920, 1 dollar was worth 50 marks, November 15, 1923 - 4.2 trillion marks. They managed to stop hyperinflation at the end of 1923, through monetary reform. Rental brands were introduced, which were secured by real estate bonds. New brands changed to old, at the rate of one to a trillion.
Pandemic COVID-19
Of course, quarantine cannot pass unnoticed by the global economy. Back in March 2020, the damage from restrictions caused by the coronavirus was estimated at trillions of dollars. According to the Ministry of Economic Development of the Russian Federation, inflation this year will be up to 4.5%. A rather optimistic forecast, according to many respected Russian analysts. Preliminary data for Italy, France and China say the following: the decline in GDP for 2020 will vary from 25% to 40%, and this is 5-10% per quarter. This is a huge drop in global GDP, about 10%, in the case of continued bans due to quarantine. The US unemployment rate may rise by 25-30%, as during the Great Depression, only in a short time. Governments and central banks will continue to use issuing opportunities to cover the income of citizens, enterprises, as well as to combat COVID-19. The countries whose national budget was replenished by the tourism industry — Turkey, Egypt, India and others — will suffer most. The entertainment industry and standard educational institutions have to start all over again after quarantine cancellation or go online. Airlines will certainly be supported by states, in view of the ban on air traffic between cities and countries. Demand for fuel will decrease markedly, whatever the parties to the OPEC + deal would agree on. Continuous production will continue to function properly, but this is a small percentage of the total mass of companies and enterprises that cease to conduct their activities, temporarily or completely. Countries around the world have either allocated or are preparing to allocate funds to support the country's domestic economy. If countries do not, inflation can be replaced by rallies, which will contribute to the spread of coronavirus and the unstable situation in the country.
Countries that have already taken measures to stimulate the national economy:
USA
On March 25, 2020, the US Senate and the White House agreed on a $ 2 trillion aid package. They will be aimed at helping workers and businesses affected by the coronavirus.
On March 18, 2020, the Council of the European Union announced the allocation of € 37 billion to help workers and enterprises. A € 750 billion program has also been launched to repurchase securities in order to maintain the country's financial stability. March 23, 2020, for the first time in history, the Stability and Growth Pact was suspended to support the economy during a pandemic.
United Kingdom
On March 17, 2020, the UK Ministry of Finance launched a business support program, companies will be provided with loan guarantees of $ 400 billion (£ 330 billion) and will increase the maximum loan amount to $ 6 million.
Germany
On March 23, 2020, the government adopted a package of assistance for entrepreneurs and companies, as well as those groups that may be affected by the effects of coronavirus. The total assistance package is € 750 billion.
Italy
On March 11, 2020, the Italian Council of Ministers allocated € 25 billion to support the public and companies in emergency situations. € 3.5 billion has also been allocated to finance the health system.
On March 17, 2020, the Spanish government allocated € 200 billion to combat coronavirus and its consequences.
On March 18, 2020, Prime Minister Mateusz Moravecki signed a decree on the adoption of an aid package, which amounts to € 46.2 billion (212 billion zlotys).
France
On March 21, 2020, the French government allocated € 45 billion to help enterprises and workers who became partially unemployed.
Brazil
On March 16, 2020, the Brazilian government approved a set of measures to support the economy. The amount of allocated funds is $ 30 billion (150 billion reais).
Australia
On March 22, 2020, the Australian government approved a package of economic measures in the amount of $ 50.5 billion (82.6 billion Australian dollars).
China
On February 3, 2020, the People's Bank of China provided additional liquidity to the markets in the amount of $ 170 billion (1.2 trillion yuan).
On March 24, 2020, the republic’s authorities introduced financial assistance to businesses in the amount of $ 80 billion (100 trillion won).
Turkey
On March 20, 2020, Turkish authorities approved a package of economic measures to support small and medium-sized businesses, as well as citizens of the country. The amount of approved funds is $ 15.3 billion (100 billion lire).
On March 22, 2020, the state allocated $ 34 billion (126 billion dirhams) to support the national economy. In addition, the country's Central Bank has the right to issue loans to private banks at a zero interest rate to increase credit potential.
Egypt
On March 22, 2020, President Abdel Fattah al-Sisi approved a package of economic measures to finance the crisis response plan. Amount of approved funds - $ 6.4 billion (100 billion Egyptian pounds)
Conclusion
According to the data presented above, a very disappointing result can be summed up. A coronavirus pandemic could be the reason for the first ever global inflation. Any savings, regardless of the currency and interest that the bank offers, will depreciate, but how much is still unknown.
With the right approach to supporting enterprises and the population, and not as in the case of Zimbabwe, inflation will be substantial, but it will not grow into hyperinflation. The global economy will recover in the next 2-3 years, it will be a difficult process for each state, but promptly taken measures will avoid serious consequences in the future.
I would also like to say about the American dollar. The right to issue dollars is owned by 12 US banks that are members of the Federal Reserve System. It is noteworthy that the Fed does not belong to the United States, but to the country's largest financial groups. That is, when conducting a new issue to maintain the national economy, the United States does not just issue funds, but takes them on credit from one of its main lenders. In this regard, the opinion was formed that due to the coronavirus pandemic, the US will have an even larger public debt than before.
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The founder of Telegram, Pavel Durov: After a pandemic, the world will not return to normal.
https://read.cash/@Rodion/the-founder-of-telegram-pavel-durov-after-a-pandemic-the-world-will-not-return-to-normal-6cef8d24
ETH 2.0 will be “the community’s largest economic shift”.
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Forecast on the Bitcoin exchange rate: the coin will rise in price to $ 8000 by May 5
The Bitcoin cryptocurrency rate (BTC) has fixed above the support zone of $ 7600 and continues to grow slowly. Therefore, the coin should go up to $ 8000 by May 5.
Key points:
1. Two attempts by buyers to break through resistance in the region of $ 7,800 failed.
2. On the hourly chart, a downtrend line is formed with resistance at around $ 7800.
3. The bullish trend will strengthen after the bulls overcome the barrier of $ 7800.
On April 23, the BTC price increased by 10% as a result of a powerful impulse, however, the upward movement slowed down, and over the past two sessions, Bitcoin has risen in price by only 2.7%. On April 28, the asset value reached its maximum level over the past 47 days - $ 7796 (on the Gemini exchange). Nevertheless, the bears defended the barrier of resistance at around $ 7800, so the rate was adjusted to $ 7670.
Cryptocurrency is now trading in the range above the closest support area at $ 7,700. If sellers overcome this barrier, then the coin will fall in price by at least $ 7640. This mark is at 50% of the Fibonacci level recorded during the BTC pump pomp from $ 7,485 to $ 7,796. The next support zone is located in the zone of $ 7600, which coincides with the average cost of an asset for 100 hours.
To what level can Bitcoin go up?
There are two most likely scenarios:
1. The value of Bitcoin drops to $ 7600-7400 and then grows to $ 8000;
2. The BTC rate starts from $ 7,700 and reaches $ 8,000.
Most likely, traders will dump a coin up to $ 7400 before a new impulse. At 09:00 Moscow time, the volume of Bitcoin trading increased sharply, as a result of which the asset rate volatility should increase on April 28. On Tuesday, the dynamics of changes in the value of BTC went beyond the upward trend that arose on April 23. But the price of the coin rises as part of the bullish trend of March 13, in connection with this, the market remains positive.
At the level of $ 8000 a powerful resistance barrier has been formed. If the bulls break this barrier, the BTC price will rush to $ 9000. In case of failure, one should expect a fall in the rate to at least $ 7200.
Technical indicators:
The MACD indicator for 4 hours is in the bearish trend zone.
The 4-hour RSI is above 60 (in the neutral area).
The main support level is $ 7600.
The main resistance level is $ 7800.
The nearest pivot points are $ 7,405 and $ 8,053.
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Can Bitcoin Price Fall Below $ 7,000 Again
Yesterday, bitcoin went out of the $ 6500- $ 7400 range, which it has been in since the beginning of the month.
Bitcoin has peaked since the collapse of March 12-13, tested $ 7700- $ 7800 and fixed above $ 7500. At the time of writing, the market capitalization amounted to $ 216 billion, the Bitcoin dominance index - 63.9%.
Out of the range occurred without correlation with the stock market, nothing special happened there. The S&P 500 did not reach even the beginning of this week, and by the end of the week it fell below 2800.
The cryptocurrency market is increasingly moving away from the correlation with the stock market and begins to live its own life.
Since the beginning of April, we have seen a steady increase in bitcoin with small pullbacks and an increase in lows ($ 5800- $ 6200- $ 6500- $ 6800- $ 7000). In the same way, capitalization is growing, which returned to values before the collapse of March 12-13.
The events of March 12-13 freed the market from "weak hands", and this ensures the stability of Bitcoin to an unfavorable external background.
In addition, more and more people understand that the pandemic will decline over the course of several months, and the vaccine will be launched there. The consequences of the fight against the virus, primarily the infusion of huge amounts of money into a falling economy, will affect everyone’s life much more strongly.
People are actively looking for tools to increase funds. Many people choose Bitcoin, and this is a good choice.
The story with benefits for low-income Americans who ended up on Coinbase is very instructive. People with medium and high incomes will acquire bitcoin even more actively - they have something to protect against inflation, and they have a much larger reserve of available funds that can be spent on risky assets.
Bitcoin is expected in the range of $ 7,500- $ 7,800 this weekend and the conquest of $ 7,700- $ 7,800 next week.
What do the graphs say?
The breakdown of $ 7150- $ 7170 was followed by a sharp acceleration, and Bitcoin came to the medium-term target of $ 7738.
On an hourly timeframe, buyers are trying to gain a foothold above $ 7500.
In order to consider the entire growth from $ 7000 to $ 7738 true, and not the removal of short positions, Bitcoin needs to stay above $ 7388.
This level is the upper limit of the sidewall from which bitcoin came out. This is the area of the previous trading, from which sellers always pressed the price down.
The level of $ 7388 coincides with the 50% zone on the Fibonacci grid, therefore, correction to this mark is possible.
If buyers keep the support level at $ 7388, the following growth targets: $ 8000- $ 8200.
In the event of a breakdown of $ 7388 and consolidation below $ 7263, there will be every reason to believe that this growth was the removal of short positions.
In this case, Bitcoin may again fall below the $ 7000 mark. This is currently an alternative scenario.
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The founder of Telegram, Pavel Durov: After a pandemic, the world will not return to normal.
In his opinion, the moment has now come when it is being decided whether the new world will be better than the one before the coronavirus.
“It depends on us whether the new world, which will soon be born, will be a better place than the one that we leave behind,” Durov wrote.
Durov also believes that isolation is a chance for everyone to create a “better version of themselves,” as well as for technology to prove their worth.
The founder of the messenger also said that although Telegram is not a company that can be considered cooperating with government agencies, it helps governments disseminate information about the coronavirus.
🌎 So, this month Telegram verified and began to promote 17 channels of the Ministries of Health in different countries of the world.
Telegram reached 400 million active users (100 million more than a year ago). Every day at least 1.5 million people register with Telegram.
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⚔️ In the dust and screams of exchange wars, much remains unnoticed.
There is a phrase: "God forbid to live in an era of change!" A time of change is a difficult period, it is a time for initiative and courageous people, therefore most people don’t like it. But anyway, we had to live at such a time, and changes, obviously, are needed.
And a little change is taking place. Most often imperceptibly, because events of this kind do not attract attention because of their long-term nature and much lower emotional coloring. Let's discuss some of these news today:
1️⃣ German financial regulator BaFin approved the launch of a new startup financing model in its jurisdiction - a “reversible ICO” or rICO. The first application of the model will happen in May this year. Crowdsale will be divided into two stages. First, an ordinary ICO, in which investors determine the volume and value of redeemable tokens. But the second stage is already unusual - the money and cryptocurrency are frozen, and startup developers begin to receive investments in parts.
At the same time, investors have the right to leave the project at any time by defrosting and selling tokens. The rICO initiator, in turn, in order to compensate for the shortfall, can additionally issue in circulation tokens issued by him earlier and reserved for future stages.
2️⃣ The High Court of England and Wales essentially recognized Bitcoin as a full-fledged asset, as the court sided with an insurance company that demanded a ban on the possession of stolen Bitcoins.
Previously, a person could claim for compensation of the stolen crypt only with the voluntary consent of the platform where the money came. And now, exchanges will simply be required to isolate the stolen assets, knowing that the court will side with the victim - this is the principle of case law, and it will automatically spread to the countries of the British Commonwealth of Nations, where there are just a lot of offshore places of legal registration of exchanges.
3️⃣ In a week, on May 1, cryptocurrency regulation laws will come into force in Japan - the Payment Services Act (PSA) and the Financial Instruments and Exchanges Act (FIEA). And yesterday, in addition to this, new rules on regulating tokensales were published on the website of the Japan Association of Token-Share Placements (JSTOA).
This paper will also come into force in a week, and the most important moment there is the distinction between the assets of customers, the assets of the company and the tokens themselves. JSTOA will monitor every month whether the assets of clients of companies issuing tokens-shares are stored separately from the legal entity’s own funds.
For this, third-party certified audit companies will be hired - that is, a corruption hazard is also provided. In addition, under the new rules, a new, more transparent procedure for the sale of tokens is created.
📰 It is unlikely that the community paid too much attention to this news - after all, a new apocalypse happens every day, and it is much more acute for the press and more interesting for the reader. However, such deep and long-term drivers most often start the biggest, if you like, tectonic shifts.
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ETH 2.0 will be “the community’s largest economic shift”.
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ETH 2.0 will be “the community’s largest economic shift.”
Representatives of the cryptocurrency community are convinced of the growth of the market and the upcoming transformation of the decentralized finance space after the transition of Ethereum to stage 2.0 with the possibility of staking. Expert opinion leads Cointelegraph.
According to Adam Cochran, partner at MetaCartel Ventures DAO and strategy developer DuckDuckGo, ETH 2.0 will be “the community’s largest economic shift.”
In his blog, he predicts an influx of capital from large investors until 30% of all broadcasts are blocked in staking. This will be possible with a guaranteed interest rate in staking of 3-5%. The ETH combustion mechanism will eliminate the shock of supply that is possible at the initial stage.
Cochran believes that this shock will create the effect of FOMO, the “lost profit syndrome” among retail investors. Compared to 2017, its degree will be higher due to the simplification of the purchase of cryptocurrencies by fiat on popular bitcoin exchanges.
“There’s just one flashy headline about Ethereum’s growth on the channel and investors will remember their account on the cryptocurrency exchange and rush to make a flurry of purchases,” Cochran sees the future with the launch of ETH 2.0.
Alex Batlin, founder and CEO of the custodial Trustology platform, saw Ethereum's upcoming transition to Stage 2.0 with the increased scalability needed to support the widespread adoption of decentralized finance (DeFi) protocols.
“It is breathtaking in anticipation of the moment when the ETH network will be capable of a thousand or two transactions per second. Then DeFi will really work, ”says Batlin.
He is convinced that with such capabilities, DeFi will eventually be able to supplant traditional finance.
Recall earlier Buterin published his vision of the development of the Ethereum network, his roadmap was drawn up for 5-10 years
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Trump's assistant allowed action against China's overseas assets
NEW YORK, April 21.
US Presidential Assistant for National Security Robert O'Brien does not rule out that some actions may be taken against China’s foreign assets in connection with Beijing’s allegations of concealing data on a new coronavirus. O'Brien said this on Tuesday at Fox News.
When asked about how the United States could force China to provide this information or “hold accountable” for refusing to do so, O'Brien replied: “We have many tools at our disposal. In particular, as I understand it, here [in the USA] court lawsuits against China. We will see where this leads. " “Some of these lawyers are pretty corrosive, and China has a lot of assets around the world. Let's see what happens,” he added.
"Now we are calling on China to cooperate. We would like to get along with China," O'Brien explained. He noted that China should be allowed to enter Wuhan from the US Federal Centers for Disease Control and Prevention. "China has a huge burden, they must explain to us where it all came from - from the food market or from the laboratory," O'Brien added. Earlier, US Secretary of State Michael Pompeo also stated that the Chinese authorities should allow foreign specialists to enter a laboratory in Wuhan, from which, according to a number of American media, a new coronavirus could supposedly begin to spread.
Last week, Foreign Ministry Spokesperson Zhao Lijiang said that the version of the artificial creation of the coronavirus was not supported by any evidence. So he commented on the publication of the American television channel Fox News that the "zero patient" with coronavirus was supposedly a certain employee of the laboratory in Wuhan.
Fox News reporters made this statement, citing unnamed sources. The publication noted that the virus was allegedly transmitted to one of the laboratory staff from a bat. This employee, according to the above version, later infected the residents of Wuhan. CNN, citing sources, said that US intelligence is checking the version of the spread of coronavirus from a laboratory in Wuhan along with others.
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More than 70 coronavirus treatments tested in the USA at the same time.
More than 70 trials of different treatments for coronavirus are simultaneously taking place in the USA. Specialists are investigating both therapeutic methods and vaccines, said President Donald Trump.
“Now 72 active trials are being conducted in the USA. Personally, I prefer medical methods because they help people right away,” the American leader quotes.
Previously, doctors said that creating a vaccine against coronavirus would take at least 12-18 months from the start of a pandemic. The total number of people infected with the new virus in the USA is 782 thousand people, 41 816 patients died from complications of the disease, 72 thousand were cured. The data is published by Johns Hopkins University, which maintains statistics on incidence. The pandemic outbreak of COVID-19 was announced by the World Health Organization on March 11th.
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WTI oil fell to $ 40? 🤷♂️
The main points:
▪️This is not oil itself, but May futures with physical delivery.
▪️Vaults are full and oil is nowhere to store, so speculators get rid of pieces of paper.
▪️ Tomorrow, prices will return by $ 20 +, as tomorrow will be June futures.
WTI is Texas oil. What you see is NOT the price of a product. These are the futures for May. This is a piece of paper, if you bought it in May you would have received directly the oil itself. In May, this oil is no longer needed by anyone, it simply has nowhere to store it (since, basically, WTI is consumed in the USA itself, and the storage facilities are full there).
These are big losses for oil producers from Texas, but believe me, the White House will not leave them in trouble (there are various rumors about the support of the shale).
A little secret: tomorrow you will see a sharp jump in prices for WTI (and on some exchanges you can see it today), because tomorrow on the charts futures will be updated from May to June, and WTI will return to $ 20 per barrel.
Once again, WTI charts are the prices for May futures. First of all, traders who are now merging these securities suffer in order to avoid delivery costs. And we’re ready to pay extra for you to accept black gold in May.
And so far, in theory, the trader who bought the asset is even ready to pay more than $ 30 per barrel, so that you only redeemed its oil, which has nowhere to go. So if you have an empty oil storage in your village, you can earn 😂.
Meanwhile, the non-futures oil BRENT $ 28 per barrel.
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The transformation of the global economy has begun💱
In the US state of Wyoming, a law has been passed that allows insurance companies to invest in “digital assets,” such as Bitcoin. The law comes into force on July 1.
The China National Digital Currency (DCEP) will go into circulation next month. This writes the local edition of China Star Market.
Crypto-yuan will initially be available in the province of Suzhou in the circles of civil servants who will receive 50% of the payments in the new asset for the transport subsidies due to them.
4 state banks will be involved in the issue of DCEP:
- Industrial and Commercial Bank of China
- China Construction Bank
- Agricultural Bank of China
- Industrial and Commercial Bank of China
The authorities have already obliged participants in the pilot program to conclude contracts for the issuance of crypto-yuan for their employees with the aforementioned banks. And employees need to get themselves special digital wallets to receive a new currency.
It is already known that at the initial stage seven institutions will be able to use the cryptocurrency yuan. Namely, the following:
- The largest banks in China (CCB, ICBC, BC, ABC),
- Alibaba and Tencent Corporation,
- payment system Union Pay.
As crypto yuan consolidates in the market, the number of companies that will use it will begin to gradually expand. It is also worth considering that the Chinese economy may soon become the world's leading.
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Finnish policeman who sings "I love you life"
The video of the senior police constable of the city of Oulu in northern Finland, 46-year-old Petrus Schroderus, performing "I love you life" in Finnish, gained over a million views in three days on the police’s YouTube channel.
https://youtu.be/wAvr7fcVJBE
“You see that I really sang - the steam from my mouth was pretty cold,” Petrus Schroderus tells the correspondent of the Sever.Realiy website.
- And I sang very loudly, because it is impossible to portray singing in an undertone, you have to sing very expressively. And besides, the music was played not in the headphones, but from the speakers so that I could hear it, so it was such an impromptu karaoke. It looked pretty funny from the side. People went to balconies, took pictures and shot videos. They probably wondered: "Che, is he here early in the morning?" Well, in the end, I must admit that I almost lost my voice, because I had to sing about 20 times in the cold.
In our community, everyone is welcome, join:
https://read.cash/c/world-today-70ff
You may be interested in my other articles:
⛏ Where will bitcoin meet halving? ⛏
https://read.cash/@Rodion/where-will-bitcoin-meet-halving-54e7bd50
Pavel Durov offered investors 2 options.
https://read.cash/@Rodion/pavel-durov-offered-investors-2-options-bafc52c9
How does inflation depreciate your money?
https://read.cash/@Rodion/how-does-inflation-depreciate-your-money-8dbd0602
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https://read.cash/@Rodion/the-founder-of-telegram-pavel-durov-after-a-pandemic-the-world-will-not-return-to-normal-6cef8d24
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https://read.cash/@Rodion/eth-20-will-be-the-communitys-largest-economic-shift-a8814608
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What would you do if you inherited 55,000 Bitcoin?? HODL: a short film shot on the Ursa Mini Pro G2
https://youtu.be/dktBrlikweo
HodL was made with a 86¢ budget (the cost of the energy drink used in the story), was shot in 8 hours, and used a 4 person crew. This is the future of filmmaking. Shot on the Ursa Mini Pro G2. Edited and graded in Davinci Resolve.
Written, Produced, Directed, Shot, & Edited by The Garcia Brothers.
In our community, everyone is welcome, join:
https://read.cash/c/world-today-70ff
You may be interested in my other articles:
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https://read.cash/@Rodion/where-will-bitcoin-meet-halving-54e7bd50
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https://read.cash/@Rodion/pavel-durov-offered-investors-2-options-bafc52c9
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https://read.cash/@Rodion/the-founder-of-telegram-pavel-durov-after-a-pandemic-the-world-will-not-return-to-normal-6cef8d24
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https://read.cash/@Rodion/eth-20-will-be-the-communitys-largest-economic-shift-a8814608
[sponsors]