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Before all this Fiat Money the United States used to have GOLD to back up our currency!
Gold has gone up around 11% over the past few days, although it did go down to below $1500 an ounce when stocks were tanking. Now it's pushing back towards $1700/ounce in only a matter of 2 or 3 trading days, largely because of the government's planned money bomb they are unleashing to stabilize markets. But the physical gold appears to have decoupled from paper gold, because so many people have snapped up the physical gold as of late, pushing the price of physical gold even higher. It ain't just toilet paper and guns that people are panic buying...
There's no reason people can't back their currency up with real physical gold themselves.
You guys always have a reason why you support socialism THIS TIME, but you’ll never do it again. LMAO
Yeah, I doubt it.
They readily admit that he’s not a conservative.
Oh, a bunch of business that were LOADED with enough cash to ride this out used their money to puff up their stock prices, not to give workers raises and better benefits.
But again, you guys are always for socialism as long as a Republican signs off on it, so it’s not big deal.
Please stop putting everyone in boxes. I hate the out of control spending from the left and right - this is the only time in my life I've ever supported it.
And yeah, I'm so sorry the local wedding photographer and the pizza place and the car wash down the block used all their money to juice their stock prices.
"Lawmakers and the Trump administration reached a preliminary agreement on an estimated $2 trillion stimulus package aimed at shielding the U.S. economy from the worst consequences of the coronavirus pandemic."
You guys always have a reason why you support socialism THIS TIME, but you’ll never do it again. LMAO
Yeah, I doubt it.
They readily admit that he’s not a conservative.
Oh, a bunch of business that were LOADED with enough cash to ride this out used their money to puff up their stock prices, not to give workers raises and better benefits.
But again, you guys are always for socialism as long as a Republican signs off on it, so it’s not big deal.
I think most can agree that its necessary in an emergency. Not whatever socialist Bernie wants.
Which I'm sure will now mean that in addition to the auto companies circa the 1980s and early 2000s, now the US tax payer is in the hole for the airlines, cruise industry, and hotel industry. Let them fail. Natural boom bust cycles do great for innovation and for making inefficient industries restructure for the best.
The part I put in bold is the mistake you seem to be missing.
Generally I'd agree in principle with that notion. However this was not "natural", and the government in an effort to stop the spread of this pandemic in our country, essentially ordered most industries to cease operations.
I own several businesses, but many a town has no people out and about because they are responsibly adhering to social distancing as per the CDC.
So although we are technically still open, we have no customers/sales.
Normally the month of March is the 3rd best month for one of the businesses, where we had approximately $13k in sales this time last March.
Thus far we have grossed a grand total of $245.00
I still have to pay all my overhead and try to keep my employees afloat. So while I am not looking for a bailout/handout, major industries with a lot more overhead/expenses than me are dying.
That is not natural, as it is imposed by local/state/federal government. If government says business must stop for a period of time for the good and safety of our citizens, they must also take responsibility for what happens to us.
Though I suspect this virus will turn out to be much like others that have come and gone (especially when ultraviolet rays kill it), never has the cost been so great to the American worker and business owners in my lifetime, if ever.
Maybe it will happen but I bet a lot of people would think better about the bill if China was on the hook to pay for it !!!
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