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Joined: Aug 2004
Posts: 69,591
Campfire Kahuna
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OP
Campfire Kahuna
Joined: Aug 2004
Posts: 69,591 |
Anybody notice we have some new super virus to fear on almost a yearly basis? Bird flu, swine flu, ebola, corona, etc. When one actually does come along, no one will believe it. Globalism fear mongering. They want you to panic and run to govt to save you. That's gonna get worse.
Molɔ̀ːn Labé Skýla!
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Joined: Jan 2005
Posts: 22,884
Campfire Ranger
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Campfire Ranger
Joined: Jan 2005
Posts: 22,884 |
Rush was commenting on the coronavirus this morning and said it is all media hype and just a common cold virus. It has a 98% survival rate which is better than the common flu. Also said it was probably a result of the chicoms trying to weaponize a virus for their bio program. I don't know what Rush actually said, but the survival rate for influenza A/B is about 99.9%. The survival rate for COVID19 is about 97.5%. That is a MASSIVE difference if we're going to start counting deaths from viruses that run the globe.
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Joined: Sep 2008
Posts: 7,338
Campfire Tracker
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Campfire Tracker
Joined: Sep 2008
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It's a step in the right direction but it might not be enough calm the markets . https://thehill.com/policy/healthca...ress-for-25-billion-to-fight-coronavirusThe Trump administration announced Monday night that it will ask Congress for "at least $2.5 billion" in additional funding to fight the coronavirus.
The funding request will include at least $1 billion for vaccine development, an official said.
The request will be for one lump sum to allow the Department of Health and Human Services "maximum flexibility," the official added.
Remember why, specifically, the Bill of Rights was written...remember its purpose. It was written to limit the power of government over the individual.
There is no believing a liar, even when he speaks the truth.
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Joined: Jan 2002
Posts: 12,830
Campfire Outfitter
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Campfire Outfitter
Joined: Jan 2002
Posts: 12,830 |
If you think it’s not a big deal, you should contemplate how much of our medicines are made only in China, or dependent on feed stock only made in China.
I’m looking at no vitamin C to add to my feed. That’s a sure fire way to a lot of sick animals....
Sic Semper Tyrannis
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Joined: Jan 2010
Posts: 32,130
Campfire 'Bwana
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Campfire 'Bwana
Joined: Jan 2010
Posts: 32,130 |
All this puts going to war with China in perspective.
They’re operating at 70% capacity. Going to war with them would cut us off completely. We’re a whole lot more dependent on their finished goods and feed stocks than they are on our raw materials, oil, and agricultural products.
If you put Taco Bell sauce in your ramen noodles it tastes just like poverty
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Joined: Dec 2008
Posts: 8,295
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2008
Posts: 8,295 |
If you think it’s not a big deal, you should contemplate how much of our medicines are made only in China, or dependent on feed stock only made in China.
I’m looking at no vitamin C to add to my feed. That’s a sure fire way to a lot of sick animals.... We will see impacts on a lot of our supply chain in next few months that could last a year. From automotive to airplanes to farmers and ranchers. It’s going to have a impact on all of us.
"Life is tough, even tougher if your stupid"
John Wayne
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Joined: Mar 2010
Posts: 24,121
Campfire Ranger
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Campfire Ranger
Joined: Mar 2010
Posts: 24,121 |
Rush was commenting on the coronavirus this morning and said it is all media hype and just a common cold virus. It has a 98% survival rate which is better than the common flu. Also said it was probably a result of the chicoms trying to weaponize a virus for their bio program. I don't know what Rush actually said, but the survival rate for influenza A/B is about 99.9%. The survival rate for COVID19 is about 97.5%. That is a MASSIVE difference if we're going to start counting deaths from viruses that run the globe. Hopefully this a wake up call Trump already addressed energy independence
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Joined: Aug 2005
Posts: 5,507
Campfire Tracker
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Campfire Tracker
Joined: Aug 2005
Posts: 5,507 |
"Live like you'll die tomorrow, but manage your grass like you'll live forever."
-S. M. Stirling
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Joined: Jun 2012
Posts: 4,606
Campfire Tracker
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Campfire Tracker
Joined: Jun 2012
Posts: 4,606 |
we’re never going back to the gold standard.
‘TO LEARN WHO RULES OVER YOU, SIMPLY FIND OUT WHO YOU ARE NOT ALLOWED TO CRITICIZE’
Conspiracy theorists are the ones who see it all coming…
You are the carbon they want to eliminate !
I’m Uber Deplorable Ultra MAGA !
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Joined: Jun 2002
Posts: 131,531
Campfire Sage
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Campfire Sage
Joined: Jun 2002
Posts: 131,531 |
we’re never going back to the gold standard. The following has never been repealed by amendment: "No State shall ... make any Thing but gold and silver Coin a Tender in Payment of Debts." - US Constitution, Article 1, Section 10 Since the Constitution is the highest law in the US, States are forbidden, by Article 1, Section 10, from abiding by Legal Tender Laws passed by Congress, which purport to require States to recognize something other than gold and silver coin (namely Federal Reserve Note Currency) as tender in payment of debts.
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Joined: Jun 2002
Posts: 131,531
Campfire Sage
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Campfire Sage
Joined: Jun 2002
Posts: 131,531 |
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Joined: Dec 2005
Posts: 3,167
Campfire Tracker
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Campfire Tracker
Joined: Dec 2005
Posts: 3,167 |
we’re never going back to the gold standard. Correct and it can be a hedge in your portfolio but not where smart people put all their money. Diversify, real estate, cd’s, money market, other short duration classes if you are deathly afraid of equities. Some day we will have a very large correction, I’m not convinced gold is the answer.
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Joined: Sep 2011
Posts: 60,724
Campfire Kahuna
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Campfire Kahuna
Joined: Sep 2011
Posts: 60,724 |
Think the liberals are cheering for a sharply down market going into the election?
These premises insured by a Sheltie in Training ,--- and Cooey.o
"May the Good Lord take a likin' to you"
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Joined: Dec 2009
Posts: 31,601
Campfire 'Bwana
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Campfire 'Bwana
Joined: Dec 2009
Posts: 31,601 |
I'm guessing that retail prices will go way up as the Chinese supply drops. On the good side, maybe people will wake up to the necessity of keeping a strong American manufacturing system in place instead of farming it all out. Maybe. People like their cheap Chinee Chit though... This ought to put Cabelas/Bass Pro under!!
Founder
Ancient Order of the 1895 Winchester
"Come, shall we go and kill us venison?
And yet it irks me the poor dappled fools,
Being native burghers of this desert city,
Should in their own confines with forked heads
Have their round haunches gored."
WS
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Joined: Jan 2005
Posts: 57,474
Campfire Kahuna
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Campfire Kahuna
Joined: Jan 2005
Posts: 57,474 |
investments are long term or should be. Adjustments for scares are normal. Some adjustments are heavier and longer than others. I may eat my words later. LOL.
We can keep Larry Root and all his idiotic blabber and user names on here, but we can't get Ralph back..... Whiskey Tango Foxtrot, over....
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Joined: Jul 2006
Posts: 4,796
Campfire Tracker
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Campfire Tracker
Joined: Jul 2006
Posts: 4,796 |
If it gets down to minus 10 or 15 percent off the peak the Central Banks of the world will be along with another dump truck full of electronic money to prop it back up. No worries if you are in funds or indexes. Individual stocks are another matter.
Last edited by RJY66; 02/25/20.
"Men must be governed by God or they will be ruled by tyrants". --- William Penn
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Joined: Jun 2002
Posts: 131,531
Campfire Sage
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Campfire Sage
Joined: Jun 2002
Posts: 131,531 |
If it gets down to minus 10 or 15 percent off the peak the Central Banks of the world will be along with another dump truck full of electronic money to prop it back up. No worries. Eventually, that stops working. It devalues Federal Reserve currency, and when it's devalued enough, folks will begin scrambling to dispossess themselves of it, which triggers hyperinflation.
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Joined: Dec 2008
Posts: 8,295
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2008
Posts: 8,295 |
If it gets down to minus 10 or 15 percent off the peak the Central Banks of the world will be along with another dump truck full of electronic money to prop it back up. No worries. Eventually, that stops working. It devalues Federal Reserve currency, and when it's devalued enough, folks will begin scrambling to dispossess themselves of it, which triggers hyperinflation. Yes, but we will finally be able to pay off our national debt 
"Life is tough, even tougher if your stupid"
John Wayne
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Joined: Jun 2002
Posts: 131,531
Campfire Sage
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Campfire Sage
Joined: Jun 2002
Posts: 131,531 |
If it gets down to minus 10 or 15 percent off the peak the Central Banks of the world will be along with another dump truck full of electronic money to prop it back up. No worries. Eventually, that stops working. It devalues Federal Reserve currency, and when it's devalued enough, folks will begin scrambling to dispossess themselves of it, which triggers hyperinflation. Yes, but we will finally be able to pay off our national debt LOL. Yep. With a suitcase full of freshly printed Trillion Dollar Bills.
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Joined: Mar 2006
Posts: 11,663
Campfire Outfitter
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Campfire Outfitter
Joined: Mar 2006
Posts: 11,663 |
What a great guy! He's willing to trade his valuable gold for my worthless fiat currency.
Broncos are officially the worst team in the nation this year.
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