How bad is this economy going to get?
- Thread starter AustinHorn24
- Start date
Monahorns
10,000+ Posts
Hoover took a bad thing and made it worse. FDR criticized Hoover's trying to mess with the economy during his 1932 campaign.
Then when he got elected, took a worse thing and made it the worst. Started a 2nd depression in 1936, I think it was, by implementing the New Deal.
FDR among other things capped prices, ordered farmers to destroy crops, created Soviet-inspired farm communes, and nationalized the electrical power industry. A true villian.
Then when he got elected, took a worse thing and made it the worst. Started a 2nd depression in 1936, I think it was, by implementing the New Deal.
FDR among other things capped prices, ordered farmers to destroy crops, created Soviet-inspired farm communes, and nationalized the electrical power industry. A true villian.
Big prediction from the hammer man:
These antibody tests are beginning to roll out. Already hearing of families testing positive, not knowing they were sick to begin with (no symptoms). If you and your loved ones test positive, any reason not to spend on pent up demand? Any reason not to fly cheaply somewhere (assuming you can go to the beach or park)?
Monahorns
10,000+ Posts
Corona virus' typically appear in November, peak in January or February, and go away in June. We are more or less experiencing the normal life of a Corona virus life cycle.
Data is showing cases decreasing, hospitalizations decreasing, deaths are not following the same pattern (some silly things are going on). Need to open it up and get to working. Anything else is anti-science.
Obviously it'll never disappear. How long we freak out about it and ruin our economy over it will depend on who wins the election. If Biden wins, they'll keep it going for a month or two after he takes office so they can give him credit for getting rid of it and fixing the economy.
If Trump wins, they'll drag this crap out basically as long as the public allows them to.
Bingo! Time to stand up and say enough is enough. People cannot get cancer treatments in some parts of the country right now. Others can't pay their bills or feed their families. The idea of tracing and testing is a joke that only works in theory. The same goes for trying to quarantine people driving from Louisiana to Texas, or flying in from another city. F' the government. Quit letting criminals out of jail, and quit jailing moms that want to take their kids to the park or work at the beauty salon. If you want to stay home because you don't think it's safe, feel free to do so.
The virus will always be here. The need to create fear about it will cease after the election.
Honestly, I wasn't anti-lockdown. It was fine when the concern was overwhelming our hospitals. That's worth some economic disruption to avoid. However, we're way past that now, and there's no reason not to reopen with reasonable guidelines imposed locally or at the business level.
But don't ask us, or the government, to pay your bills if you do so.
My concern is that if the Dems win, the fear about the virus may cease, giving a wide berth to the fear about how in the hell we pay for all the crap they want to have passed now and in the future...
Austin_Bill
2,500+ Posts
That is part 1 of their plan, they have a part 2 in this.
They are now looking for the federal government to bail out the blue states for all their failed socialism programs that they can't afford to keep doing. Why should a Texan pay for California and New York's failures? To hell with those blue ********.
Monahorns
10,000+ Posts
They are using the economic problems to justify giving money to Democrat State governments. Anytime there is even imaginary justification to print money, the Democrats are going to start writing and voting on bills. They will also give the money to any other elite Democratic supporters.
Monahorns
10,000+ Posts
That is counterfeiting in essence.
The problem with counterfeiting isn't that the dollars aren't "real".
The problem is they are decreasing the value of the currency.
What the Fed does in service to the Federal Government is the biggest counterfeiting operation in the history of the world. It is in essence theft.
The Fed and the Government are stealing from each and every American.
The problem with counterfeiting isn't that the dollars aren't "real".
The problem is they are decreasing the value of the currency.
What the Fed does in service to the Federal Government is the biggest counterfeiting operation in the history of the world. It is in essence theft.
The Fed and the Government are stealing from each and every American.
AC
2,500+ Posts
You don't have to let them. You do have alternatives. All it takes is a little creativity and courage. Un-coorelated assets that are a store of value will make very good alternatives to holding USD and Stocks. They're out there. I'm up 35% while the stock market is down -10% or worse YTD.
AC
2,500+ Posts
Land
Gold
Silver
Other Precious Metals
Mining Stocks
Bitcoin
Art
Collectible Classic Cars (if you can afford them)
Companies that transfer IRA's in un-coorelated assets:
Bitcoin IRA
Alto IRA
Masterworks
Sprott Global
AC
2,500+ Posts
Actually, the Fortune 500 executives use stimulus $ to buy back there own stock, raising the stock price. This in turn increases stock incentives and payouts to executives at the above mentioned company. Liquidity in the market has been almost identical to Gov stimulus.
Freaking corrupt!
Freaking corrupt!
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