Unless inflation gets out of hand at that point. Assets become more valuable as currency loses value. Banks and investors will transition their money into assets to prevent losses.
Bailouts only guarantee that the piece of the pie the wealthy own is larger. It’s damn near impossible to compete with interest free loans given to already wealthy people at the precise moment when money is poised to provide the biggest gains.
The economy is completely fake.
The most interesting thing right now is that they realize they’ve scraped the bottom of the barrel. If they don’t dilute our money and redistribute it to people who need it, they will lose their grip through mass revolt as people starve.
I don’t think they’ll let hyper inflation happen here. There’s hardly anyone who is cash positive in the US anyway. Hyper inflation hurts banks too much because it effectively equates to loan cancellation.
But I think we’re about to witness the final destruction of the middle class here in the US. Back to a nation of renters after this one. Once the banks and wealthy investors hold most of the property, hyper inflation can begin. Meanwhile, they’d need to reduce open debt first through mass foreclosure.
Fannie Mae / Freddie Mac (GSEs) used to back the majority of mortgages / still do but they remain under conservatorship (housing market crash) and are at the direction of the fed. reserve.
They’ve been using them to prop up the markets, absorb bad debts from certain guarantors (other than the GSEs) along with other CDOs starting in the '08 timeframe by injecting cash to keep the balance sheet positive.
They been effectively gagged by the banking/finance cartel. Very slick what occurred there with much of the bad debt / mal-investments being made whole via the printing press (remember the too big to fail thing).
All of the toxic stuff is force-ably sold onto these entities while the taxpayer prints money to keep the train going (which the fed calls a loan). We’re basically going to have a similar thing once again, I think.
The joke is that there aren’t actual rules, but people who set those rules, later breaking them as they see fit. Money printer memes represent that circumstance — where the experts are engulfed in a sea change that washes right over their warnings and pet theories, and intuitional thinking overrides precedent to respond to volatility. The feeling you get in these moments, even if you’re a veteran trader, is that a house of cards is caving in. The economy itself is a mirage.
I never said it was fake not once, what I have been saying is it’s being blown way way or of proportion. It’s not my fault you choose to keep your head in the sand and believe the fear mongers in the media that have been caught several times using fake stories. Believe the numbers when the mayor of NYC comes right out and says they are adding presumed cases to the totals to inflate the numbers for money. The virus is real it’s just not the killer they’re making it out to be. The more testing that is done is showing that.
I believe fake stories have been run for sure. But you seem stuck on NY. So sure let’s say nYC is overstating the deaths.
There are entire countries understating it. By a long shot. So you can’t say the Coronovirus isn’t serious and it’s being used to scare people based on one state presumably adding to the death toll.
How many thousands of Chinese died unreported. We will never know but it’s sure as hell a lot more than what’s been stated in the press.
Bottom line the virus is a beast and this is just the beginning. No vaccine coming.
100% projection, data has been provided and you literally have said that you refuse to even look at it because reasons. You still don’t get the concept of the “totals” of all deaths in NYC has zero to do with your theory of the purposeful mis-classification agenda.
It’s the current US hotspot, coming to a city near you if we screw this up. God forbid.
It’s about done here, the Governor shut down the state before it got too far.
We’re in the process of snowbirds that vacation down south and people from the twin cities hopefully not bringing their crud with.
They’ve been told not to be coming up here but “by golly we got a cabin up there and we’ll do as we please, type shit”
All the boat storage businesses are closed and deemed unessintial but there’s still boats going down the road along with vehicles with out of state plates.
They supposedly had plans of blocking the boat launches, lake service providers have been shutdown.
They did cancel the governor’s opener of fishing, he goes and plays in the water for a bit with a guide.
Menards, I can’t feel that if it’s as bad as they say it is why do they pack this place on the weekends the place is packed, parking lot full business as usual.
Sure they’re sterilizing the carts but seems to me it’s pretty lackadaisical.
Me and the Mrs we ain’t missed a step, havent affected us at all.
But that’s why I moved where I did. And I’m heading more north yet.
Good point, and keep in mind that corona virus tests are like any other viral test. They only work when viral bodies reach a high enough concentration to trip the test. This is why we see people with symptoms testing negative, until they eventually test positive as symptoms worsen. Individuals with high susceptibility due to other health problems may be severely effected before the virus concentration reaches the critical mass necessary to trigger a positive test result.
