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If the supply of money is increased exclusively by the Federal Reserve running the printing presses, and the supply of gods and services remains unchanged, prices must rise. The man or woman in the street no longer recognizes that the term "inflation" originally referred to the treasury's printing of too much currency rather than the effect when that funny-money entered the marketplace --to the disease itself, rather than the symptom we all recognize today.
It can be likened to an auction at which every participant finds an extra $500 in his/her pocket; if everyone already knows what he/she wants to buy, the extra funds will have no effect other than running up the numbers.
Last edited by 2nd trick op; 03-20-2020 at 10:22 PM..
Fauci, Pelosi and others met on Jan. 24th. Trump started initiating bans on China entering US.
Why weren't they all in stealth emergency mode then and ordering ventilators, testing equipment, and sanitizing? They aren't newbies.
They seem so quick to agree and issue $1k checks and shut us down. This was pre-planned. No wonder you have sovereign militia groups. The govt. is dirty or extremely incompetent.
They're doing secret deals behind people's back and BS impeachment. You can bet your kid's tuition that some of these politicians made out a like bandit and sold their stocks before this sh*t began.
I dont buy into conspiracy theories and have friends that are 100% believe that 9/11 was an inside job...which is fine but....If Covid is a conspiracy, the death rate is not nearly as advertised, the govt sets the media up for panic buy so some can sell at all time highs then re-invest at all time lows...then a very favorable trade deal with China. Its not too far fetched.
The other theory is some ******* in China ate bat and got sick.
If the supply of money is increased exclusively by the Federal Reserve running the printing presses, and the supply of gods and services remains unchanged, prices must rise. The man or woman in the street no longer recognizes that the term "inflation" originally referred to the treasury's printing of too much currency rather than the effect when that funny money entered the marketplace.
It can be likened to an auction at which every participant finds an extra $500 in his/her pocket; if everyone already knows what he/she wants to buy, the extra funds will have no effect other than running up the numbers.
In theory yes...the fed is setting us up for hyper inflation and the Weimar Republic 2.0. But they have been injecting money into the system for quite some time now. No longer do we need the weight in gold to equal US currency floating around. If debt were a problem I dont think the govt would be operating the way it has for about 20 years with a F it attitude. Yeah on paper its not good what they are doing, but they have a wand they can wave to make it all work out.
In theory yes...the fed is setting us up for hyper inflation and the Weimar Republic 2.0. But they have been injecting money into the system for quite some time now. No longer do we need the weight in gold to equal US currency floating around. If debt were a problem I dont think the govt would be operating the way it has for about 20 years with a F it attitude. Yeah on paper its not good what they are doing, but they have a wand they can wave to make it all work out.
The currency system has only been working because the people with the money can't afford for it not to work. Too many people hold too many dollars. If a panic starts, the dollar could be gone overnight. It's a house of cards.
Let's assume that 100% of humanity gets infected overnight. 3% die. OK, call it 5%. That's some three hundred and fifty million dead. And around 17 million in the US alone.
Let's consider the economic impact of removing those people from the economy. It's going to be... substantial, yes? But is it going to be as large as the impact of an artificial shutdown? Interesting question, no?
And for those who opine that to reduce human life to mere dollars, is callous and even grotesque, I say this: if I'm promised that my portfolio will return to its January 2020 levels shortly after my death, I volunteer to be executed by government firing squad. It would actually be a relief. And they can charge the expense of the bullets to my estate.
Right on. Projections are that it will only kill 500,000 to 1 million Americans this year. That's only about 2% of the population. Go ahead with life as usual. We need volunteers to buff the numbers.
Heart disease kills a similar amount unfortunately. Car accidents and alcohol abuse add another 200k.
Im all fine for trying this for a month or so, after that were going to need to move on. People will not allow the government to let them starve to death.
...People will not allow the government to let them starve to death.
People will "allow" whatever they're told. Libertarianism and other individualist creeds are fine theories, to espouse in times of peace and prosperity. But in perilous times, fear and herd-instinct take over. If the "authorities" insist that group sacrifices are necessary for group welfare, the public will meekly follow. Anything else is "unpatriotic".
We need to get the economy going again. An estimated 200,000 people lost their jobs in Colorado alone this week due to the shut downs of businesses. We can’t shut down indefinitely unless we want to see a major rise in homelessness, crime, addiction, suicides, etc.
Yup.
Quote:
Originally Posted by k350
You will have all of that and worse if we do not slow the virus spread.
Would you rather lose your job right now or get the corona virus and only be quarantined for 14 days? Most people would choose the latter unless they have pre-existing medical conditions.
When you can't feed or house yourself or your family, that's when the anarchy comes. When all the government checks, unemployment benefits, and emergency funds run dry there's going to be anarchy. Cops have already stopped arresting non-violent offenders for fear of their own exposure to the virus and we've already activated the national guard in many states. The economy needs to get going again.
People will "allow" whatever they're told. Libertarianism and other individualist creeds are fine theories, to espouse in times of peace and prosperity. But in perilous times, fear and herd-instinct take over. If the "authorities" insist that group sacrifices are necessary for group welfare, the public will meekly follow. Anything else is "unpatriotic".
How naive of you.
Fear will only hold on for so long. After that, no one is going to give a damn what government tells them, because hunger is a great, great motivator.
Have you ever been truly hungry? I don't mean for a few hours or a day, I mean have you ever been truly hungry? Do you know what it's like not only to be hungry, but to have no access or means to any food. I don't mean being picky, I mean you literally cannot get any food unless you steal it or beg for it?
You watch what happens when the people who do not have the means to stay home for a month or 2, who run out of food fast, get motivated by hunger. That $1000 isn't going to last them through a month or 2, guarantee. You're not thinking outside your little box of what you are familiar with.
Some people will "allow" the government to do whatever it wants to do, but there's a whole lot of other people who will not. That isn't edgelord talking. I'm talking about people who have no problems beating someone down for their food. And you better believe that there are people out there like that.
You (government) "lock" people in their homes for an extended period of time, you (personally) watch what happens. Not everyone is going to sit there for an extended period of teim and wait for someone to tell them it's okay to leave their home and get what they need.
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