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Unlimited QE and bailing out of the financial system that probably would have collapsed without covid, at least in the US. Now we basically have no debt limit and the Federal Reserve can buy unlimited amounts of bonds from the US government. The new normal is monetary debasement via debt monetization. I bet we are still counting covid cases 2 years from now, even if joe public has successfully fought off and ignored mask and vaccine mandates. The longer they drag this out, the more excuse they have to basically pass any spending bill they want.
We have the largest asset bubble in American history, the everything bubble, in all asset classes. Expect student loans to be wiped clean at some point. It's not a matter of if, just a matter of when. I'm surprised the democrats haven't done it already. All debt is fair game in our late stage capitalist system.
Unlimited QE and bailing out of the financial system that probably would have collapsed without covid, at least in the US. Now we basically have no debt limit and the Federal Reserve can buy unlimited amounts of bonds from the US government. The new normal is monetary debasement via debt monetization. I bet we are still counting covid cases 2 years from now, even if joe public has successfully fought off and ignored mask and vaccine mandates. The longer they drag this out, the more excuse they have to basically pass any spending bill they want.
We have the largest asset bubble in American history, the everything bubble, in all asset classes. Expect student loans to be wiped clean at some point. It's not a matter of if, just a matter of when. I'm surprised the democrats haven't done it already. All debt is fair game in our late stage capitalist system.
This 100000% plus the widespread adoption of mail-in voting.
Unfortunately, President Trump was hoodwinked by his health advisers, including you-know-who. He should have listened to his free-market people instead. Now the Republicans cannot claim that the Dems started the lockdowns -- the Republicans did.
In all truth, I suspect nobody knew then what was going on. That 15-day fiasco snowballed in part because the early CDC Covid tests had a 97% false-positive rate, and it seemed we were doomed unless some drastic measures were taken.
See my earlier thread: https://www.city-data.com/forum/heal...ded-false.html
Unfortunately, President Trump was hoodwinked by his health advisers, including you-know-who. He should have listened to his free-market people instead. Now the Republicans cannot claim that the Dems started the lockdowns -- the Republicans did.
In all truth, I suspect nobody knew then what was going on. That 15-day fiasco snowballed in part because the early CDC Covid tests had a 97% false-positive rate, and it seemed we were doomed unless some drastic measures were taken.
See my earlier thread: https://www.city-data.com/forum/heal...ded-false.html
Unfortunately, President Trump was hoodwinked by his health advisers, including you-know-who. He should have listened to his free-market people instead. Now the Republicans cannot claim that the Dems started the lockdowns -- the Republicans did.
In all truth, I suspect nobody knew then what was going on. That 15-day fiasco snowballed in part because the early CDC Covid tests had a 97% false-positive rate, and it seemed we were doomed unless some drastic measures were taken.
See my earlier thread: https://www.city-data.com/forum/heal...ded-false.html
The main issue initially is that covid was ripping through nursing homes killing the elderly at high numbers, even though number of total cases was relatively low back then. The data is there showing the excess fatality rates over prior years.
That said the response was handled all wrong. Trump should not have listened to democrats, he should have selectively targeted the high risk population, but he didn't know any better, and plus there was political pressure from the swamp who saw dollar signs from using this crisis to get the unlimited QE cheat codes established. Piggies wanted their financial system bailout. Oink oink.
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