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The problem is the ticking time bomb. Those who survive the virus unscathed will be met with bankruptcy in early 2021. The moratorium doesn't mean that the rent won't be due in full at the end of 90 days meaning they must pay all $6,000 immediately in order for eviction proceedings not to move forward.
As it is Cuomo is saying NY State is broke. Most help is coming from the Fed and what they already signed is all people will get. It is not enough money for most people to pay 3 months unpaid rent in a lump sum.
Unless statutes are passed which mandates Amortization of both commercial and residential mortgages and consequently rent owed, we are headed towards a financial catastrophe. And if small businesses don't reopen, it won't matter either way. Record Unemployment driven by small medium businesses (SMB) Chapter 7s will kill the economy dead.
An apocalyptic reckoning is coming. It started in the 1970s as debt increased faster than GDP. And the last two decades have been an unmitigated financial disaster, as both state and federal governments spent, spent, and spent far more -- money they didn't have, money they put on the nation's credit card, resulting in a stunning, shocking, disgusting $23.3 trillion at the federal level, and many trillions more debt for bankrupt state pensions and governments. Our answer to every minor problem: raise the debt ceiling.
This debt was always going to be a nation-threatening disaster. Covid-19 merely is speeding up the reckoning that always was coming due.
I believe the United States now is in real trouble. U.S. resources have been squandered on BS wars, an unsustainable military-industrial complex, rampant malinvestment, and the ridiculous fantasy the U.S. is the "richest nation on Earth" (a lie) and anyone who wants to come here, come on in and the taxpayers will take care of you. But now, with the country facing a real and true crisis, America's cupboards are laid bare for all to see.
This country's economic and financial health is now being held together with a shoestring, namely the U.S. dollar. If the Fed keeps pumping trillions upon trillions upon trillions to support the country's very shaky and rapidly imploding financial foundation, faith in the currency will collapse. Once that happens, it really is game over. The flow of goods and services will cease. It really will be Thunderdome in the urban centers, then rapidly spreading to the suburbs. This absolutely is a realistic outcome given the prolonged collapse in economic activity, together with the massive sea of red ink the United States is drowning in. Venezuela and the Weimar Republic may well be our ghosts of Christmas future.
Just take a moment to look back in (the very short time) of recent events, how they weren't going to do this or that, and the next day they did it. At every level of government. I don't trust any of them anymore, not because they're dishonest (which many/most are) but because this situation has gotten so big and out of control that they have no idea what they're going to do and every word out of their mouth right now is being used to maintain control of the population so people don't completely panic. This is just like week 1.X of 5+ weeks of hell coming up and there will be panic I promise you. I'm not sticking around to be proven right or wrong there is no reason to stay in NYC there's nothing here left right now except confinement.
Fact: The number of new infections in NY have flattened out around 6000 per day, they stopped going up. After flattening out they will start going down...FACT. Number of ICU cases FELL today big time. Hopefully they will continue falling. We have Thousands of available venilators and Hospitals are only complaining about PPE and NOT lack of space.
It Could be worse and will get better.
Remember 98% of people get thru this ALIVE. That is a huge number, this disease is not an automatic killer. I know about 20+ people infected personally and they all have sniffles, slight fever and maybe some body aches.
An apocalyptic reckoning is coming. It started in the 1970s as debt increased faster than GDP. And the last two decades have been an unmitigated financial disaster, as both state and federal governments spent, spent, and spent far more -- money they didn't have, money they put on the nation's credit card, resulting in a stunning, shocking, disgusting $23.3 trillion at the federal level, and many trillions more debt for bankrupt state pensions and governments. Our answer to every minor problem: raise the debt ceiling.
This debt was always going to be a nation-threatening disaster. Covid-19 merely is speeding up the reckoning that always was coming due.
I believe the United States now is in real trouble. U.S. resources have been squandered on BS wars, an unsustainable military-industrial complex, rampant malinvestment, and the ridiculous fantasy the U.S. is the "richest nation on Earth" (a lie) and anyone who wants to come here, come on in and the taxpayers will take care of you. But now, with the country facing a real and true crisis, America's cupboards are laid bare for all to see.
This country's economic and financial health is now being held together with a shoestring, namely the U.S. dollar. If the Fed keeps pumping trillions upon trillions upon trillions to support the country's very shaky and rapidly imploding financial foundation, faith in the currency will collapse. Once that happens, it really is game over. The flow of goods and services will cease. It really will be Thunderdome in the urban centers, then rapidly spreading to the suburbs. This absolutely is a realistic outcome given the prolonged collapse in economic activity, together with the massive sea of red ink the United States is drowning in.
Fact: The number of new infections in NY have flattened out around 6000 per day, they stopped going up. After flattening out they will start going down...FACT. Number of ICU cases FELL today big time. Hopefully they will continue falling. We have Thousands of available venilators and Hospitals are only complaining about PPE and NOT lack of space.
It Could be worse and will get better.
Remember 98% of people get thru this ALIVE. That is a huge number, this disease is not an automatic killer. I know about 20+ people infected personally and they all have sniffles, slight fever and maybe some body aches.
But anyway, let me know hold you back. Goodbye.
The problem is what happens with medical supplies run out, and not just for people sick with Coronavirus. It’s time people take this seriously instead of saying nothing will happen.
Probably very similar. Fauci seems to be the chief medical advisor at this point. He's been the guy for every big disease outbreak since AIDS. I don't know who Biden would appoint to to the Fed, but I'd bet they'd be doing the same things economically.
Would Biden have gone to national lockdown? I don't know if the president even has the legal power to do that. And Biden is a politician, until things get really bad, that's not a smart political move.
Would Biden have eliminated the pandemic advisor posts Obama had ? If we are talking politics and elections we can go on what we definitely know to have been Trumps performance. We have a timeline, we have his tweets, we have his quotes, over more then a month. If that's cool vote to re elect so he can be there for an other emergency. If that's cool with you then that's your call.
And President Trump has authorized the construction of 4 other makeshift hospitals, for a total of 6,000 additional beds (once we count the Javits Center, the USNS Comfort, and the 4 others to be built next week).
This should make a difference and will largely be staffed by military medical professionals, which will reduce the burden on civilian medical professionals already on the front line.
Yep. Even telling us there's no need to wear them. Have never seen any cops wear them but...today passing the precinct, they all had them on!
yeah no kidding! Listen to this one, it turns out we should have been wearing masks all along - OOPS!
More Americans Should Probably Wear Masks for Protection
Experts have started to question whether masks may offer at least some protection to healthy individuals and essential workers. https://www.nytimes.com/2020/03/27/h...ace-masks.html
I just saw the video, the guy had an infrared camera that can show the coronavirus on surfaces...he was walking around Brooklyn with it, shooting the camera at the sidewalk, subway. The virus was EVERYWHERE!
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