When 10's of thousands of jobs are on the line then everyone cries for stimulus checks and bailouts.
This is historically true. Government doesn't need to do it, they don't have to do it either. But people die if they don't.
If this were the case, people would have lost everything in 2008, and the motor companies would not exist today. In the USA alone that's millions of people.
It will happen again. This time more people will die. They will die because they lived in lalala land. They will die because they failed their families and the families failed them.
Shit hitting the fan will come your way and you better be prepared. No preparation is no excuse.
Not if government intervenes, but it's not easy and most likely will be a big one. BRICS is trying to decouple from the dollar because of this. Lying about the jobs numbers and then also forcing the fed has lost a lot of confidence in the dollar, which is what commodities are priced and traded in.
Keyensian economics is what we've come accustomed to because all countries have governments, at least if they are to be acknowledged (think about territories vs states)
The underlying problem is the dollar as the main reserve, and CB's are trying to rebalance their currency reserves, some including Bitcoin or other assets, even their own digital tokens.
At the end of the day, because it's all connected, governments will have to intervene, or millions will die or get into poverty. (I say millions will die because I'm from Africa and know how prudent the central bank needs to be with decision making)
