The Effects of COVID-19 on the Global Economy | Phil Town



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Phil and Danielle discuss the economic consequences of the virus, as well as currency-related issues that we may see if the pandemic continues the way it has. As investors, we must understand the approaching impact of the presidential election, and how it will impact our finances.

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Timestamps:
0:00 – Current spread of COVID-19
0:57 – Japan example
2:04 – Impact on economy
3:05 – Stimulus package
3:55 – Risk of inflation
5:25 – The US Dollar
6:38 – Zimbabwe example
7:00 – Impact on investors
7:30 – Gold confiscations
9:35 – Gold standard

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economic downturn, gold standard, financial news, impact of coronavirus,

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