Lol I don’t blame people for complaining about the Coronavirus, the situation has not been easy.
Have you heard that a lot of people have lost their jobs because of this Coronavirus?
Majority of those people you’ve heard that lost their jobs don’t have another means of income, that means they will have to be relying on borrowing money to feed themselves and their family.
It’s not easy for so many people at this point in time, so that’s why they are all complaining. And another thing is that the government and every other organizations that’s giving loans won’t be able to give out loans to everyone, so what are those people going to do if they don’t get loans?
Topic: Covid 19 shows how weak People are in the it mind - page 3. (Read 1216 times)
I agree, everyone is afraid, banks are taking money, people just taking everything on loan, this year will work like that, but once when you will have to pay all of these you will screwed.
In my case I was just focus on all my unfinished project and finish them and make money.
Banks are always there to collect money even people don't have job during these pandemic. Glad you have ways to make money during this difficult times. But those poor people there's no means of having ways to earn that's why some are just complaining. Debts are there and not expiring they will pestering you to pay debts. In my case I was just focus on all my unfinished project and finish them and make money.
it depends on which countries will be benefited the most..like in the third world countries..you can not say to take advantage because most of the people loss their jobs each day..struggle to find resources where can they find supply for their food..and even the government needs to borrow funds from the World funds..so I think you should ellaborate this..Most of the third world countries doesnt get much benefits from this pandemic aside from staying at home and spends more time with their family..
Doesn't agree with this because now they are giving loans but later business opportunities will be less and people will not have money then bank tax increases.
yes it totally right, because this idea will apply in just some developed countries, not in developing countries. This covid 19 shows how weak People are in their mind instead of complaining everyone need to Think how They can benefit from this new situation.
Stop complaining and see this as Opportunity!
We have now more Opportunities then ever before!
I think this covid 19 is good time.
The banks giving now even more money!
And You do not need to worry about paying back loans just wait for 7-10 years and debt will expire.
There is so many Opportunities now
How you can say this? This is just some countries, not for every countries, in some countries banks are empty, people are jobless. these onile digital works are not available in all countries. Yes you can say the rich country will be more rich and poor country will more poor. Stop complaining and see this as Opportunity!
We have now more Opportunities then ever before!
I think this covid 19 is good time.
The banks giving now even more money!
And You do not need to worry about paying back loans just wait for 7-10 years and debt will expire.
There is so many Opportunities now
What covid shows is how weak and fragile this system is, with all their institutions. This brainwashing campaign that starts with the words "deadly virus is around" shows incompetence of the institutions to deal with the real problems around. And what is the solution!? Money printing, yes, we will help people and economy with more money, don't you worry we will print enough for everyone, but of course more for the rulers, less for the slaves.
People are weak because they don't have knowledge to fight against this, lack of education from the early days, and that is what this system is responsible for too, because it's much easier to rule over ignorant people and they know that, now with this covid they will make people even more ignorant, and with f. masks and dress codes they will shape future generations, somehow I feel sorry for them.
People are weak because they don't have knowledge to fight against this, lack of education from the early days, and that is what this system is responsible for too, because it's much easier to rule over ignorant people and they know that, now with this covid they will make people even more ignorant, and with f. masks and dress codes they will shape future generations, somehow I feel sorry for them.
Covid19 also showed to us how reinvent our jobs and how make better and better also without some important tools. It showed that we can organize and re-organize again our life also in quarantine, we appreciate the technology and how it helped us to been connected to other people
I think not all countries that is receiving this free loan for the betterment of their citizens in this pandemic, countries like Ghana, Cameron, Nigeria nothing like Free loan for their citizens.
Countries like USA, China, and Canada they are giving outopportunity to their citizens by giving them free loan to boost their economy.
Countries like USA, China, and Canada they are giving outopportunity to their citizens by giving them free loan to boost their economy.
I don't expect all the governments to do that, especially of they don't have enough reserves. However, a large number of developing nations have started giving out handouts. An example is India. Till now, the government is reported to have sanctioned almost $100 billion worth of funds to those who lost their jobs as a result of the pandemic. Obviously, the developed nations are a step ahead of the rest.
I think not all countries that is receiving this free loan for the betterment of their citizens in this pandemic, countries like Ghana, Cameron, Nigeria nothing like Free loan for their citizens.
Countries like USA, China, and Canada they are giving outopportunity to their citizens by giving them free loan to boost their economy.
Countries like USA, China, and Canada they are giving outopportunity to their citizens by giving them free loan to boost their economy.
This covid 19 shows how weak People are in their mind instead of complaining everyone need to Think how They can benefit from this new situation.
Stop complaining and see this as Opportunity!
We have now more Opportunities then ever before!
I think this covid 19 is good time.
The banks giving now even more money!
And You do not need to worry about paying back loans just wait for 7-10 years and debt will expire.
There is so many Opportunities now
Debt will expire? Banks or charity you are talking about!Stop complaining and see this as Opportunity!
We have now more Opportunities then ever before!
I think this covid 19 is good time.
The banks giving now even more money!
And You do not need to worry about paying back loans just wait for 7-10 years and debt will expire.
There is so many Opportunities now
Did you default any loan like personal loan,car loan,credit card loan or housing loan? Your credit history will be damaged and you can never get loans anywhere in your life time until you clear the previous ones.
Yes now you got the opportunity to get loans but what you will do with that money when the every business is scratching their table.
There is so many Opportunities now
The only opportunity I can think of this time is investing/hedging your money in non-inflationary assets like Bitcoin, gold, silver; there is actually limited opportunities in the world atm, unemployment rates have spiked to new record heights, even in the U.S. Businesses are struggling with generating income and the economy is in distress, if you're talking about opportunities, I'll only recommend averting your currency devaluation from affecting you by putting some of your assets in either gold or Bitcoin, there have been so much money printing all over the world and it's going to devalue fiat currencies in the long/short term.
This is basically what banks want you to do as well. Think about it, you are a bank and you need income, if a lot of people suddenly starts taking out a loan, you are using the money you have to give out loans to people and they will be paying you money back with interest every month, that is income that everyone would love to have.
I mean let's say you have 10 thousand dollars, you give to 10 people with 4 thousand dollars each (banks are allowed to give more loans than the money they have) which means 40 thousand dollars you loaned to people, they will pay about 60 thousand dollars with interest over course of 5 years, wouldn't you consider that a great business?
I would totally go for something like that, being a bank is awesome for the bank while awful for everyone else. Hence, if you do what OP says, you are only making banks happy.
Same mind-set you had before now is the same mind-set you will have now, so all those people that are not looking for ways they can benefit from this situation, that’s because they have already had that mind-set that they won’t be able to make it in this kind of condition. This is not the first time that it’s being said that people should have other means of income that they are relying on, if you keep relying on just one, you just never where things are heading to.I mean let's say you have 10 thousand dollars, you give to 10 people with 4 thousand dollars each (banks are allowed to give more loans than the money they have) which means 40 thousand dollars you loaned to people, they will pay about 60 thousand dollars with interest over course of 5 years, wouldn't you consider that a great business?
I would totally go for something like that, being a bank is awesome for the bank while awful for everyone else. Hence, if you do what OP says, you are only making banks happy.
I have always try to have more means that I can generate income, apart from my office job I also take freelance jobs from both Fiverr and LinkedIn to support myself. When my office closed down, I had to rely on my freelance works to feed myself and family.
This covid 19 shows how weak People are in their mind instead of complaining everyone need to Think how They can benefit from this new situation.
Stop complaining and see this as Opportunity!
We have now more Opportunities then ever before!
I think this covid 19 is good time.
The banks giving now even more money!
And You do not need to worry about paying back loans just wait for 7-10 years and debt will expire.
There is so many Opportunities now
Loan is not an opportunity, avoid the loan as much as possible. I'm sure most people find it difficult to see opportunities because this Covid makes what we do very limited, but on the other hand, people who are used to conducting long-distance meetings, providing digital-related services, and other related fields are very likely to see many opportunities in this pandemic. Stop complaining and see this as Opportunity!
We have now more Opportunities then ever before!
I think this covid 19 is good time.
The banks giving now even more money!
And You do not need to worry about paying back loans just wait for 7-10 years and debt will expire.
There is so many Opportunities now
Yes Right!!
This time is a blessing in disguise.
People should utilize this time and stop making fuss out of nothing as they always used to do.
As far as economy is concerned, not only Banks but almost all sectors have given relaxation to people.
This time is a blessing in disguise.
People should utilize this time and stop making fuss out of nothing as they always used to do.
As far as economy is concerned, not only Banks but almost all sectors have given relaxation to people.
yes something is good in this Pandemic, like more close to family, spend time with family, but one thing not agree that is bank give us loan, yes they will give us loans but we have to pay back, that time our financial level become at down, then the taxes will be increased day by day. then it will be again like Pandemic
Doesn't agree with this because now they are giving loans but later business opportunities will be less and people will not have money then bank tax increases.
Yes people show how weak they think any solution how they can earn money.By reason of they afraid to borrow to the bank due to they didn't know how to paid their debt.because they don't have a job so where they gonna get money to pay
This is a big negative situation if op has said it is an opportunity but how do bank give out money to someone with no job or means to repay and just with the hope to make profit from money borrowed. Banks also collect exchange of property or collateral for incase the money is not paid back , the property is taken.
It is not easy collecting loan in good times and now every side of the economy is bleeding in red.
Yes people show how weak they think any solution how they can earn money.By reason of they afraid to borrow to the bank due to they didn't know how to paid their debt.because they don't have a job so where they gonna get money to pay
it was logic, how would they pay the bills if there was no job???COVID 19 has made millions of people unemployed, many of whom don't even know how to support their families anymore because it is difficult to get money at this time. lucky for those who still have a job or have extra savings to support their family and pay their bills.
Renampun you are right, I consider myself lucky I kept my job safe. I worked hard for that, and I didn't stop on that,
I am trying to get more involved in crypto-currencies, I am trying on many sides to secure myself financially. Some people
depend on others most of the time, and when crisis come they get in the problems and that leads them to depression. You
will never see me stop trying and going into depression.
I believe there are strong and weak people, and strong should help weak ones. Not all the people can be strong, and
we should be humane to each others, that would make this world a lot better place for all of us.
Loan is granted when the banks sees a potential that you can pay them and it will be defined by your statements, as we all say the collateral. Personally I don't want to get a loan with collateral, like a property, or a car, coz obviously you can't take the half of the car just to pay them, so they will just get it to you as a payment, in short it will be over paid. Don't do collateral!
Well.. no one want to provide collateral, but some of us don't have any other option. Banks refuse to provide the loans, if you don't have a collateral. In that case, you need to go to the private moneylenders, and this is like the riskiest option. Their interest rates are sky high and you will end up losing all of your possessions while trying to repay them.
I don't want to divert the topic. But around the world this pandemic is destroying the lives of so many people. From the stats you may think that less than a million have died as a result of COVID 19. But in reality hundreds of millions are impacted negatively, due to loss of jobs and erosion of savings.
Yes people show how weak they think any solution how they can earn money.By reason of they afraid to borrow to the bank due to they didn't know how to paid their debt.because they don't have a job so where they gonna get money to pay
it was logic, how would they pay the bills if there was no job???COVID 19 has made millions of people unemployed, many of whom don't even know how to support their families anymore because it is difficult to get money at this time. lucky for those who still have a job or have extra savings to support their family and pay their bills.
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