Crypto.com App Review 6/18/2020

 

Crypto.com App Review
                    Crypto.com App Review

       Have you ever heard of Crypto.com? I’ve been aware of the exchange for awhile now, but just recently choose to give them a try. While watching one of my favorite youtubers  Lark Davis (TheCryptoLark), I noticed a brief promo for Crypto.com that spurred my interest.

          Lark Davis discussed a feature that allowed account holders to use debit/credit cards against their cryptocurrency balance. I was also intrigued by the crypto earn feature which is very similar to staking. I figured why not give them a try, I’ve pretty much tried every reputable exchange with a mixed bag of results.  My mind was made up when he said that I would receive $50 in MCO tokens if I staked 50 MCO for a certain amount time along with signing up for a card. This didn’t happen as promised, but we will get into that later.

            I first attempted to sign up for Crypto.com via there exchange website and soon discovered that it was not offered to the United States. I then downloaded the app and started the sign up process and successfully registered an account.   Once it was time to fund the account, I ran into problems that would have caused most people to given up. Crypto.com would allow me to enter my debit card information, but every time I attempted to fund the account, the transaction would be declined. This was quite frustrating to say the least.

            I attempted to use a several different cards and each attempt was declined. I then started to worry that one of my cards may have the account frozen due to too many unsuccessful attempts. Guess what, that’s exactly what happened when I attempted to buy something a couple days later.

             At that point my frustration got the better of me and I gave up. I was done with Crypto.com and the regulatory problems that I was experiencing. Its a well known fact that traditional financial institutions are not a fan of cryptocurrency and some make it very difficult to transfer funds to and from crypto exchanges.

            While sitting around the house the following day it struck me like a bolt of lightening. Why don’t you transfer some Bitcoin or Ethereum to them instead of fiat currency. The whole concept behind cryptocurrency is to get away from banks and their control over our money. I felt so stupid when I quickly found the cryptocurrency deposit feature and funded my account with Bitcoin.

           Once my new account was funded, I started to explore the app and was impressed with its ease of use. There were plenty of cryptocurrencies to choose from and I didn’t feel as limited as Coinbase and Coinbase Pro have left me on many occasions in the past.

          Crypto.com even has Cardano( ADA) listed which is my all time favorite crypto project next to Bitcoin. This told me that this exchange has foresight and will reap rewards when the Shelly Testnet goes live. I decided to purchase a few choice cryptocurrencies and proceeded to stake 50 MCO tokens with crypto earn.

           Once the staking was completed, I attempted to sign up for a debit/credit card. It appeared to be ordered, but my account always stated that the status was pending and I have not received my 50 MCO to this date. On the positive note, I was impressed with the high rate of returns that Crypto.com offers.

        I staked CRO tokens for 14% annual return for 30 days. They offer as high as 18%, but I didn’t want to put all my eggs in one basket on a test run. I am sure you understand the logic. Ethereum and Bitcoin don’t offer as much, but its better to be earning something than nothing.

           So the big question is would I recommend   Crypto.com  and the answer is yes. I am a bit disappointed when it came to the the $50 bonus, but I am hoping that the process just takes longer than I expected. With that said, please remember that I am not a financial adviser and I am just another guy on the internet with a passion for cryptocurrency. Please do your own research before you make any financial decisions.

              If you have found this Crypto.com App Review helpful and you are planning to join Crypto.com, please use one of the  Crypto.com links found throughout this page. I will receive small credit from Crypto.com and the money earned will help me keep my blog up and running. If you choose to go directly to Crypto.com, that is fine too. Happy trading with whatever exchange you plan to use.

Check Out The Crypto Lark video below for a more insightful view into Crypto.com. Please feel free to fast forward to the 4:34 time mark of the vlog.

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Crypto.com App Review 6/18/2020

Do I Need A Hot Tub Time Machine

Hot Tub Time Machine
                           Hot Tub Time Machine

                           Have you ever contemplated what you would change or relive if given the opportunity to time travel? I remember this hilarious movie called “Hot Tub Time Machine” that gave some middle aged men that exact opportunity. They were allowed to reinvent themselves and take advantage of missed opportunities that took place during their youth. The movie was as far from reality as you could possibly imagine, but still made me contemplate my life and the decisions I made along the way.

     If I had a Hot Tub Time Machine, would I be sitting here typing this blog or would I be flying in a helicopter somewhere. I remember being fascinated with helicopters as a child and wanted to fly a Huey like the ones used during the Vietnam era. Of course I was an underachiever during high school and chose a different path in life before I even realized the consequences of my actions.  That dream went out the window like so many others to follow.

    Life is funny; I hated school as a young adult and was more worried about girls and popularity. If I used a Hot Tub Time Machine and went back in time today, I would choose to be a be a book worm. I realize that no one and nothing really matters other than my education while in high school. I should have listened to my mother who told me that all good things will come in time and stop worrying about the unimportant things like fashion, cars, and etc. But, I went down the road like many others and I wish I could redo my entire high school and college career which came later in life.

     Cryptocurrency has been a hobby/obsession of mine for a few years now and I always tell my wife, “Some guy is driving a Lambo in Miami right now because of Bitcoin.” I actually heard of Bitcoin when its price evaluation was about $300 a coin. I actually played around with attempting to build a mining rig one day and quickly lost interest after spending about 3 hours on a misguided project.

    I did successfully build a mining rig, but this was after Bitcoin had reached all-time highs of $19,000. What if I was given a Hot Tube Time Machine, would I go back to 2013 and reinvent my future? I would be a millionaire right now and my life would be completely different. As I hope you already realize, money does not bring happiness, but it does make things a hell of a lot easier.

   But at what cost would changes come. If I used my own little imaginary Hot Tub Time Machine, how many of my children would have been born. Would I have even met much less married my wife. And yes, I still enjoy her company usually, but have to be happily married and honest to understand that joke. There would be even more severe ramification to changing your past that you probably haven’t even thought of yet.

    What about all the people I have come into contact with over the years? I am sure that changing the past would have changed the future for countless thousands of people, since everyone in the world is removed from each other by only 6 people. This is called Six Degrees of Separation and is worth a quick read. It is a quite interesting theory and makes a lot of since when you think about all the people you have come into contact with during your life.

   There are many decisions that I made in the past that I wish I could change, but those changes would remove some results of those decisions that I quite enjoy. I feel it is essential that one must become a peace with the choices they have made throughout their life and focus on the future only. You cannot recreate the past for good reason, but the future is a completely different story.

    Even right now as I am typing I have done something that will affect my future or others. You and I must realize that the clock is ticking and we must take advantage of the time given to us on this earth. We do not need a Hot Tub Time Machine to make us happy, we just need to make wise decisions today and we will be able to enjoy the results tomorrow.

Do I Need A Hot Tub Time Machine

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Reserve Rights Stable Coin Cryptocurrency

Reserve Rights
                               Reserve Rights

     The Reserve Rights Stable Coin Cryptocurrency has been in my radar for sometime now, but I never actually researched the project. I first heard of Reserve Rights during a YouTube presentation by Crypto Chico .  Crypto Chico can be quite controversial at times, but you can not deny his knowledge and ability to find hidden gems. The Reserve Rights Stable Coin Cryptocurrency just may be that sleeping giant that we all have been searching for with dreams of Lamborghini’s just on the horizon.

      If you follow cryptocurrency or blockchain technology, you know that stable coins are scattered across the industry with some being much more accountable than others. I am not going to name the various  projects in fear that I may offend some of you, but there are some questionable stable coins out there that many believe will hurt the cryptocurrency revolution. These coins that name will not be spoken have a tendency to print/ create currency out of thin air not much different that the United States Federal Reserve. 

      The Reserve Protocol has three pre-planned phases before becoming an independent entity in the blockchain sphere. The first phase is the centralized phase where the Reserve will be backed by tokenized US Dollar collateral tokens. The second phase is the decentralized phase, which will be a selection of assets that stabilize in relation to US dollar, but in a decentralized fashion. The third phase is the most critical phase. During this phase, the Reserve will no longer be associated with the US Dollar and it will establish its own purchasing power.

      In a nutshell, this is how the protocol is supposed to work. If the RSV token goes above $1 in value, the protocol will sell newly minted RSR or other tokenized assets in order to push the value of the RVR down to 1$. When the value of the RSV falls below $1, the protocol will then purchase tokenized assets bringing the value of the RSV back up to a $1. If and when the vault accumulates excess RSV through appreciation or transaction fees, RSR tokens token holders can purchase this which will in turn stabilize the $1 value of the RSV.

     I know this all sounds a bit confusing, but the Reserve.org website has an excellent page dedicated to explaining exactly how the protocol is supposed to to work. I suggest that you head over to their official website when done reading this blog for a more detailed explanation about how this protocol is supposed to work.

     While researching the Reserve Rights Stable Coin Cryptocurrency, I noticed quite a bit of underlying activity that has not exactly caught the attention of the crypto community. This cryptocurrency as been lurking in the background for quite a while now, but after reviewing recent twitter postings from The Reserve , they appear to picking up moment. 

    I remember searching for exchanges that carried this cryptocurrency when I first heard of it and could only find it on a few questionable exchanges with ridiculous transaction fees. Now RSR is available on exchanges and Dex like Kyber Network, Huobi Global, Idex, and more. 

   The Reserve Rights Stable Coin Cryptocurrency project is also backed by some big names like Coinbase Ventures, Peter Thiel, Sam Altman and more. A complete list of influential investors can be found on the Reserve.org website under investors. I was super excited when I saw Coinbase Ventures, but then I remembered that they also backed Matic. If you haven’t dealt with this project, I suggest you don’t. They have a history of pump and dumps even though the technology they were offering seemed to be legit. 

   We all have had dreams of getting in on the ground floor with a cryptocurrency project and becoming wealthier than our wildest dreams. I believe that there is a possibility that Reserve Rights Stable Coin Cryptocurrency just might be one to make these outlandish dreams come true. But without adoption, they will will just disappear like so many projects have done in the past.

    Please remember that I am just another guy out there in the internet with a passion for cryptocurrency and investing. I am not a financial advisor and I suggest that you do your own research before making any financial decisions. Good luck in making your investing dreams come true.

     Reserve Rights Stable Coin Cryptocurrency

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50% Off Ledger Hardware Wallet Sale

Ledger Hardware Wallet
                      Ledger Hardware Wallet

   I spent yesterday morning perusing the internet after the Bitcoin Halving and I saw an excellent cryptocurrency hardware wallet offer by Ledger. Ledger is now offering wallets at a 50% discount, which is an awesome savings.  I have seen them do this offer in the past, but it is usually done around the holiday season.

   Ledger Hardware Wallet currently supports over 1270 currencies and has become an industry standard. If you haven’t purchased a Ledger Hardware Wallet yet, but own cryptocurrency, what are you waiting for? It amazes me how people are willing to invest thousands of dollars into cryptocurrency, but refuse to invest $100.00 much less $50.00 into the safest most secure hardware wallet available.

    Everyone needs to keep their cryptocurrency safe and secure at all times. The world is full of evil doer’s that will do anything and everything in an attempt to defraud people and businesses of their cryptocurrency. Over the past three years, I can’t even begin to tell you how many stories I have seen and heard online about corporations and people having their funds stolen. The amounts have ranged from just a few dollars to millions of dollars. 

   There are plenty of quality free wallets available like Exodus, Jaxx, and Monarch wallet, but none of them are as secure as the  Ledger Hardware Wallet.  Ledger stores your cryptocurrency on the blockchain, and you retain complete ownership of the crypto keys. No one can access your cryptocurrency without physically having your Ledger Hardware Wallet in their possession or if they obtain your 24 word recovery phrase.

    In conclusion, no one wants to become a static and I believe obtaining a Ledger Hardware Wallet will help guarantee that your cryptocurrency will not be stolen. 

50% Off Ledger Hardware Wallet Sale

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Have You Heard of Nimiq Cryptocurrency?

      Have you heard of Nimiq Cryptocurrency? Well neither had I until I watched a YouTube broadcast by Coin Bureau about 6 months ago. To be 100% honest, I had forgotten all about this currency until recently when I noticed it being suggested by yet another YouTube Channel. With occasions like this occurs, I usually decide to do additional research into the project to see if it is worthy of my attention.

Nimiq Cryptocurrency
                        Nimiq Cryptocurrency

   Nimiq Cryptocurrency  which is traded under the symbol Nim is based on blockchain technology that is intended to be used for currency. The technology behind Nimiq is focused on decentralization and being resistant to censorship. This project uses blockchain technology similar to Bitcoin, but was designed to run on a computer browser. Because Nimiq has been designed to function within the browser window, it allows ease of use which is essential for adoption.

    This crypto project is intended to be currency. Not all blockchain projects are intended to be cryptocurrency and this can cause confusion for many novice beginners as adoption takes place. Nimiq Cryptocurrency allows its users to pay online, transfer funds internationally, receive donations, storage of funds, and etc.

     You are probably thinking how does Nimiq work and what makes it special? Nimiq Cryptocurrency is a browser based blockchain which allows for friction-less payment protocol. From its inception, Nimiq Cryptocurrency has been designed to work with the newest web based technologies like IndexedDB, JavaScript, WebAssembly, and WebRTC. In laymen terms, Nimiq has been designed to run on web browser applications.

Nimiq Cryptocurrency is built upon web based technologies, which allows Nimiq is to be mined through web browsers.  This is quite different than any other cryptocurrency that I have researched in the past. I found this to be quite intriguing to say the least. The set up process for browser based wallet was very easy. It was so easy, I actually thought that I did something wrong. Once the wallet was set up, I received 1 NIM from a crowd funded source.

  Nimiq Mining was equally as easy to set up. I was mining in the matter of minutes instead of days without unsaid amount of funds spent. If you have ever tried building a mining rig in the past, you know exactly what I am talking about.  These projects can become very expensive with little to no return. Nimiq offers its miners the ability to mine on their web browser with little to no effort.  They also offer more complicated mining setups, but this requires downloading proprietary software. 

     I decided to give the advanced mining software a try since I already had experience in mining cryptocurrency. I didn’t have much luck with the software provided, but quickly found a YouTube presentation provided by Nimiq that suggested Nimiq Desktop Miner . I had immediate success with this miner, but I soon discovered that my CPU was over heating and I had to lower the settings. If you have never mined cryptocurrency in the past, I suggest using just the browser miner to avoid irreversible damage to your computer.

    Nimiq is currently available on respected exchanges like Kucoin and HitBTC under the symbol NIM. I have never used HitBTC, but I have used Kucoin successfully in the past. If you are going to use Kucoin, I have provided links that will provide a small affiliate reward to True Life Blogs if you decide to use their service.  If not, that is okay to.

    Their are only a few cryptocurrencies with the ease of use that Nimiq offers .Nimiq is currently trading at $0.000663 which makes it quite a steal, but a very high risk investment. At its current valuation, Nimiq Cryptocurrency is an excellent investment for speculative investors. It has a long way to go before it can reach adoption, but if they manage to pull it off, this cryptocurrency will be a game changer. 

     I plan to watch this cryptocurrency closely because they appear to have bright future and may just be the sleeping the giant I have been looking for. Unfortunately, only time will tell. But as the old saying goes “No risk, No reward”. Please remember that I am just another person on the internet with a passion for blockchain technology and cryptocurrency. I am not a financial adviser and it is important that you do your own research before making any financial decisions. 

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Presearch Affiliate Marketing

Presearch.Org
                               Presearch.Org

              It’s been awhile since a cryptocurrency actually caught my eye due to true adoption potential, but it has finally happened thanks to Jason Appleton. Jason Appleton goes by the name Crypto Crow and has a YouTube Channel that I follow and have found to be informative. Last week during one of his broadcast, Jason introduced Presearch.org as a potential new up and comer. While watching his presentation, I agreed that Presearch Affiliate Marketing Opportunity may have a chance to change how Affiliate Marketing works within search engines.

                As you probably already know, you need to be careful in who you follow in the crypto world because many online personalities are just out for themselves. They appear to care about their following, but are actually just out for personal financial gain. A lot of times they will discuss a cryptocurrency projects without disclosing that they are actually providing a paid endorsement. Jason Appleton has been 100% forth coming and has gained my trust. He is also a supporter of Cardano , which is my favorite blockchain project.

                As you probably already know, affiliate marketing is an industry worth well over $12 billion dollars and growing everyday. With numbers like that, it was just a matter of time before a cryptocurrency start up attempted to tap into the industry. With a bit of know-how and innovation, I believe Presearch.org has accomplished this feat with a Presearch (PRE) on the Ethereum Blockchain.

                The Presearch.org search engine gives users the ability to earn while they search similar to Brave. They also protect their user’s information like Brave does, but there is a major difference between these two search engines. Presearch gives its users the ability to apply their earned tokens towards Affiliate Marketing through staking.

                For example, if you purchase or earn PRE tokens, you can stake them against a Keyword on the search engine. The highest bidder gains ownership of the keyword and all the affiliate traffic associated with the keyword. The Keyword will be placement at the top of all searches that are associated with it. If you chose to sell your tokens or remove them from the stake, the second highest bidder will now get the traffic. Anyone who follows cryptocurrency knows that staking is the future and this is such a basic, but ingenuous way to use staking.

                Presearch tokens can be purchased on Presearch.org or earned, but they are also now available on Kucoin Exchange. This is excellent news because Kucoin is a respected exchange with reasonable fees unlike many other competitors. I can remember paying outrageous transaction fees to various unnamed exchanges before I understood how everything worked. I am sure I’m not alone on that one. I view it as participating in the learning curve unfortunately.

                Presearch.org currently has over a million users, which is a respectable number, but pales in comparison to search engine giants like Google and Bing. Presearch has a long way to go, but the concept and real world adoption is there. The question is if they can get the crypto world community to embrace their project and cause mass adoption in the Affiliate Marketing industry.

                Please remember that this blockchain project is speculative and only time will tell if mas adoption takes place. They may be on the verge of changing the Affiliate Marketing industry forever or they may disappear into oblivion like so many other projects has done. Please remember that I am just a guy out there on the internet with a passion for cryptocurrency. I am not a financial adviser and it is important for you to do your own research.

                 If you are planning to give Presearch a try, please support my blog by clicking on one of the Presearch Links throughout the blog and True Life Blogs will get a small stipend for your patronage. 

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Did Davincij15 Answer My Question About The Cryptocurrency Cardano?

Cardano ADA
                                  Cardano ADA

                   I woke up this morning and performed my usual ritual which includes a cup of coffee and glancing over the news headlines to see what lies the government is trying sell me today. While doing this, I noticed that one of my original favorite YouTubers Davinciji15 was doing a live broadcast and I couldn’t resist joining in on the chat. Many refer to Davinciji15 as an oracle because he released a YouTube clip during the speculative days of the Bitcoin. His predictions came into fruition and it quickly launched him into crypto world stardom. 

           I thought this would be great opportunity to have a question about the cryptocurrency Cardano also known as ADA answered by this YouTube personality. I figured since Davinciji15  predictions were correct in the past for Bitcoin, maybe he would possibly see the value in Cardano. After multiple attempts posting various questions about Cardano in the chat, I finally caught their attention and he answered the question. I asked, “Do you think Cardano has a chance competing with Ethereum? If successful, what future price range do you see?” (The question was answered 43:55 into the video)

                Davinciji15 paused for a moment, and then started laughing uncontrollably and appeared to nearly come to tears. He was astonished that I would even have asked such a question and stated that Ethereum was light years ahead of Cardano. He then questioned how could anyone ask such a question since Cardano lacks documentation and books explaining the code.  He did say that Cardano isn’t going anywhere and we should revisit this topic in 2 years. Davinciji15 also predicted that Cardano should do quite well during the next bull run before moving on to the next question.

            After hearing his responses, I felt annoyed and exhaunastic at the same time. The Cadano Foundation and IOHK have published enormous amount of research  and findings on GitHub, so I am assuming that Davinciji15 just isn’t as knowledgeable on the subject as I expected him to be. He did recognize potential earnings in Cardano, but I feel he fell short in understanding the technological advancements.

          I have always viewed Davinciji15  as a swing trader / day trader. His speculative trading style has made him a lot of money and he is quite successful at what he does. I truly believe that he has little respect for the current Fiat currency system , which most governments function under these days. But at times, I feel he is out for the quick buck and does not appreciate the potential changes that blockchain technology will bring about. 

       When he laughed, I felt like it was 1998 and I was comparing AOL to a little start up called Google. I am sure you get the picture. Hopefully his predictiction concerning Ethereum was wrong, but only time will.

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Pennsylvania Public Schools Closed 2020

           

Pennsylvania Home Schooling
                          Pennsylvania Home Schooling

                The one thing that the Coronavirus has done is turn my family life upside down and all around. Every traditional routine that we have established is out of the window and will need to be reconstructed from scratch. My children have become bored with not going to school and extraocular activities, which has resorted in a lot of sibling rivalry throughout the house. Even bedtimes aren’t truly established anymore because every day is the weekend with the school year being over. You heard me right, Pennsylvania public schools closed indefinitely and they will hopefully return next September.

                Our school district has fortunately resorted to home schooling utilizing Zoom which I am appreciative of to say the least . They are not concerned with grades, but they are focused on every assignment being completed properly. Good old education plain and simple without any federal government interference with pre-existing programs that are failures. Seems like this year every child is left behind and it is up to the parents to make sure their child is receiving a good education.

                I have been blessed with children that have excelled in school and are in the top percentile of their age group, but I wonder about the kids who need additional assistance. How much will these current events affect their future? I sure do hope the school district has taken this into consideration, but it’s just hard to say what their concerns are these days. It feels like the entire educational system was forced to close this year.

                I do feel bad for the young adults that were in their senior year of high school and college. Some memories cannot be replaced and Covid-19 stole those memories forever. And what about those star athletes that were hoping to be scouted during their senior year for college or professional leagues. Without a doubt, once in a lifetime opportunities have been lost.

                I really can’t complain because my wife and I have chosen to sacrifice materialistic things in life so that she could be a stay at home mom. The decision to close schools has only been an inconvenience for us, while others have been forced to take drastic measures to find childcare. I can only imagine what it would have been like if both of us needed employment just to make ends meet.

                As I stated in a previous blog post, things will never be the same. I truly think people will reevaluate how they choose to live their lives and will not take everything for granted moving into the future. In a weird way, I suspect the United States will be stronger mentally after this pandemic.  Financially is another subject and only time will tell.

Pennsylvania Department of Education

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The Agonizing Financial Pandemic of 2020

The Financial Pandemic of 2020
                                                 The Financial Pandemic of 2020

          There is no doubt in my mind that life will never be the same for this generation living through the Coronavirus / Covid-19 Pandemic. Life will go on, but the memory and fear of recurrences will remain for a long time to come. Many lives have been lost and irreversible emotional stress has been seared into our unconscious souls. Unfortunately, I believe society is not prepared for what is to come once the Coronavirus pandemic subsides and the financial pandemic of 2020 takes its place.

            I suspect the Federal Government has done all that it can to prop up the economy during the pandemic crisis by using  the Federal Reserve’s Quantitative Easing (QE) measure and issuance of stimulus checks to the population. In addition to these aggressive measures, the Federal Reserve is promising to purchase corporate debt and has removed all limitation on the amount of United States currency to be created. With unemployment steadily rising past 6,000,000 people and the workforce unable to return to work makes the future appear to be quite bleak.

            The decisions made by President Donald Trump and Congress were designed to keep the economy afloat while the financial pandemic of 2020 passes. The damage to the economy will still exist with record unemployment not seen since the Great Depression. The Stimulus Bill was said to be $2 Trillion, but I believe the cost will be way more in the long run. I don’t fault them for these decisions because the other choice would definitely cast the nation and world into a second Great Depression.

            The Federal Reserve Quantitative Easing will surely cause inflation, which will hurt the economy due to the dollars loss of value. The Federal Reserve is currently offering 0.00% to 0.25% interest rates with nowhere left to go other than negative rates. Negative Rates will be free money for whomever has the credit and or collateral to borrow against the Federal Reserve. And with all this doom gloom, I haven’t even gotten into the potential mortgage industry collapse due to the 0% interest rates offered by the Federal Reserve.  Only time will tell if this will come into fruition.

Example of Inflation
                  Scary Example of Inflation

            This may keep banks and big businesses a float, but there is a price to pay. The silent killer is inflation. I believe that inflation will skyrocket once the pandemic is over and millions will be left unemployed with unimaginable inflation concerns. Not only will they be left with no money coming from stable employment, but the money they did manage to save will lose its value right before their eyes.

            While the future does appear to be dim, the pandemic of 2020 will pass and the sun will shine once again.  The sun will shine for those that made the correct financial decisions in the past and in the present. Unfortunately,  majority of  society are still going about their lives without the realization of the dire situation that our financial system is plagued with. 

       If you were living check to check or were overly reliant on credit to survive in the pre Coronavirus economy, you may want to reevaluate your current financial situation. Having a respectable savings account is key when approaching a traditional recession much less depression of epic proportions. Investments in alternative forms of currencies like gold, silver, Bitcoin, and other cryptocurrencies  will be essential to hedge against the future down turn of the U.S. dollar. Owning stocks may also be helpful, but expect to sell them for a loss if you are not able to wait until an uptrend. 

       No one can predict the future, so no one knows when the Coronavirus pandemic will end and the financial pandemic of 2020 will begin. But one thing is for sure, it’s coming with vengeance for those poor unsuspecting souls.   

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The Financial Pandemic of 2020

 

Coronavirus/Covid-19 Pandemic Has Opened Our Eyes Forever

Coronavirus/Covid 19 Pandemic
Coronavirus/Covid 19 Pandemic

                The Coronavirus/Covid-19 Pandemic has changed all our lives for the worst with no immediate resolution in sight. I have been bombarded with news updates, social media drama, and just typical hysteria surrounding the recent viral outbreak.  The government has instructed the public to quarantine themselves, which has been disregarded by the masses until it affects their personal little space bubble.

                People have forgotten about past pandemics and what toll they had taken on society psychically and economically. The Spanish Flu pandemic gave us a set road map to follow and we as a people continue to make the same exact mistakes that were made 100 years ago. The government knows what needs to be done, but they cannot force the citizens to comply without martial law. Unfortunately, martial law is the exact opposite of our great democracy so the government will only use this measure as a last resort which will resort in more lives being lost to the Coronavirus/Covid-19.

                The economic ramifications have just begun with millions of people unable to work because businesses have been forced to shutter their doors to curve the pandemic around the world. With medical and food shortages potentially looming on the horizon is there anything positive about these events?

                I believe that the Coronavirus/Covid-19 Pandemic will require every single person in this world to reassess their lives and behaviors moving forward. Humanity has become too dependent upon technology and mass production to solve the woes of our lives. The Coronavirus has proven that our mentality of immediate gratification does not always come into fruition due to the simple limitations of science and man. Our expectation of the government being able to step in and fix any occurrence immediately does not exist and our comfortable little lives can change overnight.

                The reliance on super grocery store chains and mass produced items has weakened our society almost to the breaking point. We now realize that dependence on foreign manufacturers is to our detriment and the behavior must be curtailed. People will support manufacturers from their country and the governments will be more determined to keep businesses from venturing abroad for cheaper labor.

                With schools being closed with no idea of when they will be given the all clear to reopen their doors, families have been forced to hunker down in their home. Most traditional families in the United States of America require two incomes to keep up with the American Dream lifestyle. This has turned into a nightmare and a blessing for many parents. With young children at home all day, they have been forced to spend an abundance of quality time with their children. This is also a curse because once the Coronavirus/Covid-19 Pandemic loses its grip on our society; a monumental recession will set in and bills still need to be paid.             

                So, where does this leave us as a society today? It leaves us with the realization of what if. What if there is no more toilet paper? What if I can’t get meat at a grocery store? What if there is no milk to be found? What if there is a gas shortage? What if the hospitals become overwhelmed? What if there is martial law? And the list goes on endlessly within our imaginations.

                A lot of these what if questions can be answered by yourself along with the necessary preparation for the particular scenario. The word pantry was a thing of the past, but I strongly suspect that it will make a major comeback. We as a society have been reminded that we cannot always expect there to be abundance and we should be prepared. Fortunately, the Coronavirus/Covid-19 Pandemic has opened our eyes before it’s too late.

Here are some reliable links concerning the current Coronavirus/Covid-19 Pandemic:

Center for Disease Control (CDC)

World Health Organization

FEMA/ Department of Homeland Security

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