The big short 2

Hi, I’m new to the forum. I been following this Situation Since it started as I knew someone in Wuhan.

my wife thinks I’m nuts and need help but I cant’ help Feeling this is the start of a collapse of the Global economy, banks will go bust and leading to chaos,  anyone else think this? 

anyone seen the big short will know how the whole system is a fraud just waiting to fail again like a deck of cards the main cards  at the bottom (China) have been taken away.    Is this virus going to end the capital list world as we know it?! 

say we lose most old people to this, how

Many care workers will be out of work with mortgages they can’t pay 

Hi guys you are asking questions we really can’t answer we would need a crystal ball.  But I can tell you the stock market will bounce back and people will get to pay their houses off.  It is not good for any banks  to have empty houses not being paid for that happened in the late 80 s early 90s took a lot to come back from that.  Sorry I can only tell you what happened in the past on these questions.

For some time now I've felt that we are heading for a deflationary economy, and by the looks of central reserve banks around the world, they have felt the same too. Interest rates have never been lower in a desperate effort to encourage people to keep spending. Over the last decade banks have increased their charges to customers and we're only a step or two away from banks charging us outright to hold our money for us. They are doing this slyly already with their bank charges. This is one of the reasons that governments around the world are moving towards to a cash less society. If cash doesn't exist then you have no choice but to keep money in the bank. The day that happens, you will see charges being introduced charging you for using the bank and the more money you have in there, the more you'll be charged. By then it'll be too late as without a cash alternative you'll have no choice. 

A deflationary spiral is not good for an economy or an individual, and amongst many other things it will mean the value of things will drop and so will your wages, but preexisting debt will remain as it was. You might well see you have negative equity on your home mortgage, for example. In other words, your house may only be worth 50% of what you paid for it yet you have a 75% mortgage on the original purchase. 

There's not alot we as individuals can do to stop this except campaign hard to keep cash in our societies.

Never say never.  That trader should know that.    I think we're likely headed for a pump and dump.  I don't think the market will behave while testing numbers come in and the scope of spread becomes known.  

In investing and been doing it for 20 years it is never a good idea to follow the lemmings. If the reason you bought the fund or stock still holds don’t sell. If it is not or is in an area that is going to see a major down turn in that sector sell now