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

[Dameon Farrow]

It's ok those jobs will come back when the shutdown is over

A fair amount of them will. While these numbers are awful they are the result of much of the country being shut down not because companies simply refuse to hire folks or because the jobs have gone automated.

Trump Economy

The fact that none of this had to happen is what ultimately makes him look the worst. His supporters love to remind people he is the President. Until something bad happens. Then all of a sudden everything is a team effort and he couldn't have possibly done it without someone else to blame.

 

[null]

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

How do you keep the price stable ?

 

[Music Fiend]

There is a difference though between The Great Depression and now: people don’t want to work.


At least here in San Diego, every store I go to is hiring. Target, Wal Mart, Supermarket, gas stations, there is opportunity to work.


Also, of those jobless, some are creating income without a specific company (Lyft/Uber, doordash, shypt, grub hub) etc.


I’m not saying it’s not bad, because I understand a middle manager not wanting to go be a stock boy, but it’s different

I just moved out of San Diego a week ago and thats true but to actually be employed at this time is pretty pointless unless you make good money.

might as well collect unemployment and govt funds and stay healthy IMO. Of course having a job is always better than no job but the reality is those checks wont match what unemployment will give at this time

 

[mykey]

How do you keep the price stable ?

Limited legal instruments to ratify the use of and protect these platforms and their users.

Essentially, monetary authorities (Central Banks) would still have oversight function in their respective national territory.

This would pave the way for bilateral and international swap agreements, eliminating the need for a global reserve currency.

 

[null]

Limited legal instruments to ratify the use of and protect these platforms and their users.

Essentially, monetary authorities (Central Banks) would still have oversight function in their respective national territory.

This would pave the way for bilateral and international swap agreements, eliminating the need for a global reserve currency.

Ok cool.

So if I as the USA purchase 100m USD worth of RES-CUR which results in me owning N1 units of RES-CUR . Purchased at a rate R1.

And I as the UK purchase 100m GBP worth of RES-CUR which results in me owning N2 units of RES-CUR . Purchased at a rate R2.

Does the purchase at R2 have an effect on the purchase rate of successive transactions or RES-CUR in GBP?

1. If so then how you maintain rate stability?

or

2. If not then all you have is a set of fixed exchange rates and fixed IR's do not work for global trade.

plus

If you have fixed or moving prices how do you prevent arbitrage between the system and cash FX transactions?

-

Or am I misunderstanding? When you say "swap" do you mean a Swap [tech.] financial instrument?

 

[IsThatBrothaMouzone?]

the real problem is that extra $600 to the unemployed, Thats essential $15 an hr to do nothing. Add on whatever your original benefits are and it makes zero sense to look for a job, Normally nikkas would jump at at $18 hr job at AMAZOn or whoever but it ain't worth it when you can make more staying home.

And if people aren't jumping at $18/hour, you'll have to offer higher pay and better benefits/work environment etc. to attract people.

 

[TL15]

I just moved out of San Diego a week ago and thats true but to actually be employed at this time is pretty pointless unless you make good money.

might as well collect unemployment and govt funds and stay healthy IMO. Of course having a job is always better than no job but the reality is those checks wont match what unemployment will give at this time

And that’s all I’m saying is that this time is nothing like the Great Depression. You can be on unemployment and make money or you can work.

 

[Warren Moon]

And that’s all I’m saying is that this time is nothing like the Great Depression. You can be on unemployment and make money or you can work.

Breh. The Great Depression lasted 5-10 years.


We’re in month 1 or 2. Them checks ain’t lasting that long. Buckle up

 

[null]

And that’s all I’m saying is that this time is nothing like the Great Depression. You can be on unemployment and make money or you can work.

 

[Music Fiend]

And that’s all I’m saying is that this time is nothing like the Great Depression. You can be on unemployment and make money or you can work.

True. We'll have to see how this all plays out. Everyone may get money now, but when this is over and the dust settles and those checks stop coming in.

shyt might get wayyy different

 

[mykey]

Ok cool.

So if I as the USA purchase 100m USD worth of RES-CUR which results in me owning N1 units of RES-CUR . Purchased at a rate R1.

And I as the UK purchase 100m GBP worth of RES-CUR which results in me owning N2 units of RES-CUR . Purchased at a rate R2.

Does the purchase at R2 have an effect on the purchase rate of successive transactions or RES-CUR in GBP?

1. If so then how you maintain rate stability?

or

2. If not then all you have is a set of fixed exchange rates and fixed IR's do not work for global trade.

plus

If you have fixed or moving prices how do you prevent arbitrage between the system and cash FX transactions?

-

Or am I misunderstanding? When you say "swap" do you mean a Swap [tech.] financial instrument?

Blockchain infrastructure shall provide a low-cost, high-penetrative, multi-cloud network.

These networks can then be internationalised through bilateral swap agreements that are linked to commodities futures such as gold and oil.

As a result, the international financial architecture shall be completely transformed. Today’s Bretton-Woods system pegs sovereign currencies to the US Dollar which in turn is based on thin air aka Quantitative Easing (QE).

Unfortunately, the US has used the predominance of the Dollar for political purposes, through use of sanctions and the SWIFT system.

Blockchains are decentralised and not under any sovereign control. For international payments, this offers a more transparent, faster and cheaper option to the current SWIFT system.

Just like smartphones made landlines obsolete, no countries will be able to reject blockchain payments.

5G technology is key to this transformation. There will be regulation of these Blockchain platforms, technologies will be standardised and the stability of the system will be enhanced.

It remains to be seen whether the US will embrace this new innovation or fight to maintain the current Dollar status quo.

In any case, the dominance of the Dollar is under serious threat.

 

[Warren Moon]

Blockchains infrastructure shall provide a , low-cost, high-penetrative, multi-cloud network.

These networks can then be internationalised through bilateral swap agreements that are linked to commodities futures such as gold and oil.

As a result, the international financial architecture will completely transformed. . Today’s Bretton-Woods system dates to the pegs sovereign currencies to the US Dollar which in turn is based on thin air aka Quantitative Easing (QE).

Unfortunately, the US has used the predominance of the Dollar for political purposes, through use of sanctions and the SWIFT system.

Blockchains are decentralised and not under any sovereign control. For international payments, this offers a more transparent, faster and cheaper option to the current SWIFT system.

Just like smartphones made landlines obsolete, no countries will be able to reject blockchain payments.

5G technology is key to this transformation. There will be regulation of these Blockchain platforms, technologies will be standardised and the stability of the system will be enhanced.

It remains to be seen whether the US will embrace this new innovation or fight to maintain the current Dollar status quo.

In any case, the dominance of the Dollar is under serious threat.

I mean this was an argument in 2010. I used to be a firm believer in the blockchain and still am.

No legitimate country Will allow it to happen. (China clamped down hard)

Plus 100% of the time cryptography solutions get hacked eventually. If blockchain can be the 1 time it isn’t, it’d be a miracle.

 

[Clayton Endicott]

This right here


And we live in a country that has passed 2 separate trillion dollar bailouts for corporations in the last 12 years, recently printed a trillion bucks via the feds to keep the Dow from crashing any more than it has, increased the defense budget by at least 100 billion every year, and just did a major tax cut for the Uber rich.


But nooooooo we can't afford to have the government give Ubi to it's citizens.

We have to sacrifice either our lungs or our lives for the economy.

This is a sad, sad post

 

[Scott Larock]

I just moved out of San Diego a week ago and thats true but to actually be employed at this time is pretty pointless unless you make good money.

might as well collect unemployment and govt funds and stay healthy IMO. Of course having a job is always better than no job but the reality is those checks wont match what unemployment will give at this time

Exactly but I don't want the government to try people with bullcrap when it's time to pay that 600 + unemployment. I haven't heard anything in Florida about unemployment since I filed 2 weeks ago.

Many of us haven't heard from them since.

 

[mykey]

I mean this was an argument in 2010. I used to be a firm believer in the blockchain and still am.

No legitimate country Will allow it to happen. (China clamped down hard)

Plus 100% of the time cryptography solutions get hacked eventually. If blockchain can be the 1 time it isn’t, it’d be a miracle.

You've just ethered yourself with that argument, mate.

China's Digital Currency Is a 'Wake-Up Call' for the U.S.

UPDATE 1-ECB could speed up plans for public digital currency if cash use drops

Russia's Central Bank Is Considering Launching a Digital Currency - CoinDesk

Sweden's central bank prepares for cashless future with e-krona

Senegal Introduces Cryptocurrency Based on its National Currency

Marshall Islands launches national cryptocurrency