The Macro Moment: Demographics
(Edited)
Demographics is becoming a major issue for many of the developed countries across the world. The Baby Boomers are getting older, nearing retirement. This is going to cause tremendous pressures on these countries. It is also going to impact the global economy.
In this video, I introduce this series by discussing how we are going to see not only economic growth of many countries stall out but investment is also going to dry up.
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Electronic-terrorism, voice to skull and neuro monitoring on Hive and Steem. You can ignore this, but your going to wish you didnt soon. This is happening whether you believe it or not. https://ecency.com/fyrstikken/@fairandbalanced/i-am-the-only-motherfucker-on-the-internet-pointing-to-a-direct-source-for-voice-to-skull-electronic-terrorism
Electronic-terrorism, voice to skull and neuro monitoring on Hive and Steem. You can ignore this, but your going to wish you didnt soon. This is happening whether you believe it or not. https://ecency.com/fyrstikken/@fairandbalanced/i-am-the-only-motherfucker-on-the-internet-pointing-to-a-direct-source-for-voice-to-skull-electronic-terrorism
Add vaccines to that demographic decline, that Bill Gates has forecasted for so long and is such a big vaccination advocate. BUT, automation and robots will at least fix the issue with manufacturing. Who's there to buy stuff? Well, the crypto guys I guess, as these are gonna be wealthy enough to afford lots of goodies. Investing will be redesigned as well and that's where crypto is going to play an important role. I pity Germany for being in this situation, but they've made it all by themselves.
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Summary:
In this video, Task introduces a new series called "The Macro Moment." He explains his background in macroeconomics, how he transitioned into cryptocurrencies, and decided to explore crypto-economics. The episode focuses on demographics, highlighting shifts in population trends, particularly in China, and the potential economic impacts of declining birth rates and aging populations globally. Task predicts challenges in economic growth, especially for developed countries, due to demographic changes and the implications for exporters like China and Germany. He warns of a global investment challenge driven by an aging population moving towards more conservative investments.
Detailed Article:
Task introduces a new series titled "The Macro Moment," where he delves into macroeconomics and its intersection with cryptocurrencies and crypto-economics. Reflecting on his education in macroeconomics, he emphasizes his realization that economists do not directly control the economy but merely observe and create models in response to past events.
The focus of this episode is on demographics, specifically on the changing population dynamics globally. Task highlights the significant shift in sentiments surrounding overpopulation concerns, particularly debunking claims with recent census data from China. He mentions suspicions of manipulated data from China, suggesting a decline in their fertility rate, putting them closer to South Korea's rate.
Task explains the concept of replacement rates - pegged at 2.1 children per female to sustain a population level, noting the roles of urbanization, migration, and immigration in these demographics. He predicts a declining population trend in China, comparing it to Japan's experience, emphasizing the economic challenges posed by an aging population.
The economic implications of declining birth rates and an aging workforce are discussed at length. Task highlights the reduced productivity of older individuals, their increased reliance on social services, and decreased spending capacity due to fixed incomes and reduced household expenses post-children's upbringing.
The impact on economic growth and development in various countries like Japan, Italy, Spain, and Germany is discussed, with a caution regarding expensive pension plans potentially leading to economic conflicts.
Task predicts significant challenges for exporters like China and Germany, attributing their economic contraction not just to COVID but also to impending demographic shifts. The global investment landscape is expected to face challenges with a large aging baby boomer generation moving towards conservative investments for retirement, potentially affecting GDP numbers and productivity levels across countries.
In conclusion, Task emphasizes the looming economic challenges posed by shifting demographics, underlining potential implications for global economies and investment patterns. He forecasts a difficult road ahead for many developed countries grappling with declining birth rates, aging populations, and changing consumer spending trends necessitated by demographic shifts.