2nd Great Depression: One week away from getting to the highest unemployment rate ever in America

[BonafideDefacto]

Many of our people will be good tho because they don't have corporate jobs to loose and don't need to depend on the cac economy.

Dumbest post thus far...

 

[Ya' Cousin Cleon]

didn't ya'll recently get a democratic governor too?

The root problem is cacs in this country. I live in Kentucky and these idiots are mad at the governor for not opening the state back up. Even though Kentucky has been doing a good job of keeping infections and deaths down compared to other states.

Any logical person in November would vote Mitch McConnell out. Unfortunately the cacs in this state will vote for him again.

There are some cacs that will vote against Mitch but there are a lot more ignorant and racist cacs that will still vote for Mitch.

 

[Warren Moon]

The root problem is cacs in this country. I live in Kentucky and these idiots are mad at the governor for not opening the state back up. Even though Kentucky has been doing a good job of keeping infections and deaths down compared to other states.

Any logical person in November would vote Mitch McConnell out. Unfortunately the cacs in this state will vote for him again.

There are some cacs that will vote against Mitch but there are a lot more ignorant and racist cacs that will still vote for Mitch.

the governors tracking license plates and putting ankle monitors on ppl up there tho right if they test positive?

 

[Redguard]

the governors tracking license plates and putting ankle monitors on ppl up there tho right if they test positive?

He is but some of these people are covering up their license plates. Especially the morons that are going to churches.

 

[mykey]

Soviet Union tried other and they had nukes.

Japan.

anti decoupling drives our war and ally Middle East strategy

It doesn't matter. The curtain has been pulled and what lies behind it is ugly as hell.

Picture this, the US government gave y'all a $1,200 pittance while the super rich, primarily real estate investors and hedge funds, got a $170 billion tax giveaway, . This is larger than the total amount for hospitals ($100 billion) and for relief for all state and local governments ($150 billion). Worse, the bonanza for these billionaires lets them offset losses from 2018, before the pandemic.

How is any of this sustainable?

 

[Warren Moon]

It doesn't matter. The curtain has been pulled and what lies behind it is ugly as hell.

Picture this, the US government gave y'all a $1,200 pittance while the super rich, primarily real estate investors and hedge funds, got a $170 billion tax giveaway, . This is larger than the total amount for hospitals ($100 billion) and for relief for all state and local governments ($150 billion). Worse, the bonanza for these billionaires lets them offset losses from 2018, before the pandemic.

How is any of this sustainable?

I'm not a fan of the system but the bolded is just wrong. I don't think you know how taxes work.

 

[null]

The first part of this does a breakdown of the various bailout programs .



Around 15m in total.

 

[CrimsonTider]

The 2008 financial crisis showed us that this QE process, in which money is created out of thin air without any connection to economic activity, is totally unsustainable.

Once international creditors lose faith in the US$ it's a wrap. Hyperinflation will follow.

the world economy is based on the dollar reserve. If other countries start to move away from that we’re done. But they’d go bankrupt to.

And I fully believe the US would go to war, before allowing that to happen

it doesn’t work like this and QE saved the economy in 2008 and will save the economy in 2020

 

[Reece]

the world economy is based on the dollar reserve. If other countries start to move away from that we’re done. But they’d go bankrupt to.

And I fully believe the US would go to war, before allowing that to happen

People be talking to talk. What currency would become the new reserve currency? The Yuan not after this The Euro? Not with their negative interest rates. The Yen? Unlikely. Global transactions are not gonna be transacted in Japanese currency. The Pound? People are waiting to see how Brexit works out and still most likely no. The Dollar is here to stay. We’ll be old and gray before the US dollar has any risks of being supplanted.

 

[GoAggieGo.]

I've been coast to coast during this entire pandemic, the older demographic are out and about now, they aren't cowering in their homes.

Of course the travel industry is fukked but they are irrelevant because they can't practically enforce the sort of social distancing necessary for this first phase of "soft opening." They need to worry about not being liquidated in the interim.

Of all the issues that will plague and slow an economic recovery, old people being scared to leave their house is not going to be near the top of the list.

Man, I spoke to my aunts the other day and they said they’re having trouble keeping my 82 year old grandfather in the house. He’s got his mask and he’s living his life. I worry about my grandmother, who’s confined to a wheelchair, but she encourages him to get up and get out. So far, they’re good but I do worry. I can’t get too mad at him, because I haven’t been staying inside either

 

[mykey]

I'm not a fan of the system but the bolded is just wrong. I don't think you know how taxes work.

Well I do actually. I work in the London square mile for a Risk consultancy.

You see, the US economy has been exposed as a ponzi scheme, no matter how much fiat money is thrown at the corrupt banking system.

 

[Warren Moon]

Well I do actually. I work in the London square mile for a Risk consultancy.

You see, the US economy has been exposed as a ponzi scheme, no matter how much fiat money is thrown at the corrupt banking system.

well what u said, isn’t what happened. Re-enroll in the analyst training program. They’ll catch u up

 

[null]

People be talking to talk. What currency would become the new reserve currency? The Yuan not after this The Euro? Not with their negative interest rates. The Yen? Unlikely. Global transactions are not gonna be transacted in Japanese currency. The Pound? People are waiting to see how Brexit works out and still most likely no. The Dollar is here to stay. We’ll be old and gray before the US dollar has any risks of being supplanted.

CHF?
Neu Deutschmark? - when the EU breaks up

 

[mykey]

well what u said, isn’t what happened. Re-enroll in the analyst training program. They’ll catch u up

Ah well. To each his own then, eh old chap?

 

[mykey]

CHF?
Neu Deutschmark? - when the EU breaks up

Blockchain-cashless platforms without regard to any particular sovereign territorial jurisprudence.