Welcome to Radical Personal Finance, a show dedicated to providing you with the knowledge, skills, insight, and encouragement you need to live a rich and meaningful life now, while building a plan for financial freedom in 10 years or less.

My name is Joshua, I'm your host, and today we're going to talk about the rough economic, fiscal, and monetary waters ahead.

Wish I had a more positive topic, but that's what we got to deal with today.

Thankfully, I will share with you that I have arrived back home from my travels, and so I did make

it home to be back with my family, and certainly I cut it pretty close. I don't know if I was wise to take a trip right in the middle of the chaos that I saw coming or not. I thought I had enough time and I thankfully did have enough time but but it was certainly an interesting, caused me to feel exposed

to be away from the family and not sure with all the increasing travel restrictions whether I

was going to make it home or not. So I did make it home. And I've been've been busy busy busy the last couple of days

doing kind of some next step preparations which I won't talk too much about in this

show but I've just been busy getting ready for the next step ahead. Today I need to work very quickly and so I'm going to talk

primarily about the economic fiscal and monetary path ahead, but we do of course need to understand

first where we are with the current event.

Obviously the event that is causing this economic difficulty is the virus, the viral pandemic, COVID-19, as it is expanding all across the world.

Now the good news is, you can be confident that at some point in time this virus will end or this pandemic will end. The unknown is how it

will end and how long it will take. Certainly at this point I would say at

minimum we're looking at a kind of

kind of hardcore lockdown. We can see if the data from China is reliable.

If the data from China is reliable, we can see if the data from China is reliable. We can see and if the data from South Korea,

which is where we have better data that's more reliable than the Chinese, if the

data that we're getting is reliable, we can see that there is a path to stopping the massive

proliferation and explosion of this particular disease and that path involves

severe social isolation. That is the most reliable path to stop the spread of a viral pandemic, which is why social

isolation and social distancing is so important.

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