Currency is stored for purchasing value, and man is a store of human value, both of which need to support value, if they lose their value in existence.
Day after day, since the Corona pandemic and the global monetary currency lost its purchasing value, economists have generally attributed that collapse to the trend towards socialism in solutions approved by the governments of major world countries, such as the United States of America, the United Kingdom, and Federal Germany. This trend occurred when the governments of these countries went to support financial rescue packages on the pretext imposed by the pandemic.
Despite debt inflation and monetary inflation caused by that support for bailout packages, governments have had no concerns about the expected results from experts and opponents of approved bailout package laws, and, of course, the expected negative results.
Socialism is reflected in those decisions by siding with the governments of the major powers of the people by sacrificing monetary reserves in federal banks, such as the United States of America, and adding to them with huge debts aimed at moving the economic wheel and lifting the people from drowning in the repercussions of the Corona pandemic, including the unemployment, quarantine and stagnation that has been imposed on them at all levels.
In addition to the major financial losses suffered by the labor markets in general, there was a greater goal for the United States of America in supporting the bailout packages enacted by the U.S. government, which also expanded to include the world in its therapeutic vision of the global economic crisis, caused by the pandemic, which has not been seen since World War II, up until the 2008 crisis, yet did not reach this extent of atrocity.
Nevertheless, there was a price to be paid by these governments resulting from their decisions to support financial bailout packages, namely the loss of global currencies and specifically the dollar for its purchasing value. If these decisions were able to stimulate the circulation of the economy and lift the consumer community from drowning, it forgot, or missed, that the materials consumed by this society had already been sunk by the pandemic and economic recession, which, supporting individuals by providing them with cash by governments, did not do. It prevents consumables and did not pick them up, so the support process was limited to one side.
This is the consumer side and therefore it was natural that coinage looks like the missing thing that makes it valuable, and the value of the currency means the purchasing value of it. If it is lost, it no longer has value, and perhaps consumer items should also be supported together, as happens when governments support oil derivatives, so that it does not burden the citizen when it is floated, i.e., what happened with the materials generally consumed is more like floating their prices due to the pandemic.
In addition to monetary inflation against floating consumables, we also find inflation in the indebtedness that governments have borne on them, as they seek to support bailout packages, thereby saving the global economy and accelerating it.
All of this may seem affordable and avoidable, but it is only one case for the acceleration of saving the entire world from the Corona pandemic, as soon as possible, otherwise the next deluge will be fiercer than the pandemic deluge and will not cure humanity even with Noah’s Ark or Moses’ stick.
The great hope remains in the statements of His Highness Sheikh Mohammed bin Rashid Al Maktoum, which came with a balm that heals the wounds of the world, as he said, that there are only 100 days separating the world from the new era, the era after Corona, and this era will begin with the first important global event, Expo 2020 Dubai, and here the salvation of the world from suffering, and the return of life to its course, better than at all levels, and to the highest extent, can be predicted. And to talk the rest.
Author : Manahel Thabet
Published June 25, 2021
Al Bayan Newspaper