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Originally Posted by Terryk
Originally Posted by handwerk
Being self employed this is a tough one...without the virus the economy can/will come back, with the virus still a concern, the economy will spiral down as if we don't have confidence as a country we're in year's worth of trouble.5-10 years from now I'm not sure what normal will look like. AT 53 I'm much more concerned about my 3 adult kid's futures than mine.We can't simply print more money at throw it at our problems.
I agree that printing money is huge issue. Money printing is more of a power grab than a solution to the covid. Covid is an excuse to steal the future.
The central bank is reaping a fortune off of this situation. Maybe Trump will surprise them after this and say "sorry boys, but you aren't in charge of the money anymore and we can't pay".


Patriotism (and religion) is the last refuge of a scoundrel.

Jesus: "Take heed that no man deceive you."
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Idiots that are panicking and making things worse.

Panic buying. Not staying home and spreading the Chinese flu.

No need to make it worse than it needs to be.


Dave

�The man who complains about the way the ball bounces is likely to be the one who dropped it.� Lou Holtz



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For every Citizen in America, the most existential enemy is government. At all levels. Government’s existence is antagonistic toward the Citizens.


Sam......

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Last edited by jaguartx; 04/02/20.

Ecc 10:2
The heart of the wise inclines to the right, but that of a fool to the left.

A Nation which leaves God behind is soon left behind.

"The Lord never asked anyone to be a tax collector, lowyer, or Redskins fan".

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For the folks on this site that know, I would like to hear their opinion. After this is over, where does all this contrived money go? Will money as we know it now be devalued by inflation? I have been believing the stock market run-up for the last 3 years was fueled by increases in the money supply and not a real increase in value. Are consumer goods next for a run-up in order to absorb the money?


Patriotism (and religion) is the last refuge of a scoundrel.

Jesus: "Take heed that no man deceive you."
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By far I'm more worried about the economy. This virus will pretty much be a memory in a year. But the 2,000,000,000,000 is forever. And they're talking that this is just the beginning of emergency spending.

I'm saddened by all the people dying, and would prefer that no one close to me dies from the virus, or anything else. But most of the people dying from this are at the end of their natural lifespan. The people who will be paying interest on this debt haven't even been born yet.

I'm also concerned about the people who think the economy will just bounce back, like it did in ww2. Then, the US held vast reserves of gold, and became the world reserve currency. Almost the entire world had their manufacturing capacity destroyed, and had to turn to the US for everything. Very few people were dependant on the govt for a living, and the work ethic was much greater. Govt regulations were a much smaller part of every day life.

All of that has changed since then. Our economy is basically a house of cards. But it's a big house, and won't topple easily. But the foundation is constantly being under mined. Trump was doing a good job of shoring it up, but this virus has set back a lot of what he has accomplished, and it only will take one Democrat victory to destroy it.

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Originally Posted by Hastings
For the folks on this site that know, I would like to hear their opinion. After this is over, where does all this contrived money go? Will money as we know it now be devalued by inflation? I have been believing the stock market run-up for the last 3 years was fueled by increases in the money supply and not a real increase in value. Are consumer goods next for a run-up in order to absorb the money?

Money is much like a glass of wine, if you dilute what is in the glass, you devalue the contents.


Sam......

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If most people have not figured out that the stock market is just another ploy for the wealthy to take your money you should ride the short bus..yes some normal people make some money in the market for a short period of time but then the big boys do there thing and it all goes to hell again. Do you really believe only a couple senators sold with inside information? Ed k

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Originally Posted by RAS
All:

Last week, it was virus. Now, it’s our economy.

People all around me are losing their jobs. I feel that we are going to collapse, or at least go way down in my town. In the last 2 days, 11 people I know from five different employers are out of work.

Are things getting that bad by you?

RAS




So living on the gulf coast most of my life we deal with tornadoes, hurricanes, floods, drought... businesses and jobs come and go. A good hurricane can wipe out an area for 6 months to a year or more.
Guess what? It always comes back. Sure the local mom and pop grocery store may go by a different name. Burger joint to. And so on.

But the sky is not falling. Not yet anyway as we know about hindsight and even I can be wrong from time to time though my wife says I'm perfect... LMAO.

Anyway its like a pothole in a road. Or maybe a flood that washes a bridge out... it will come back. Just a matter of time. And people will not sit idle on their azz waiting on handouts. Wait, maybe they will, but I think most will make the most of it. I mean if in the end this year all my work in Alaska equals none, I may be looking to Walmart to stock shelves when I come back in the winter. You know it doesn't matter what we do. We must do.

That said to answer your question.

The economy bothers me more since if I get the 19, I'll survive it and carry on. Or I'll die and won't have to worry about 19. Pretty dang simple really.

Now if death bothers you, then you have a big issue and are likely depressed with nothing to do and not doing a thing. I get that.

Of course we have faith that once we die a better place awaits. And in that faith, none of this bothers me much. I'd be outright lying if I said nothing bothers me at all. I mean I worry about the bear charging a client or a moose. What if I miss... I worry about what if the fish don't bite... actually I worry more about the boats and the river and hitting an unseen rock, loosing engine power at the worst time, having a client have a serious medical emergency in the bush even though I'm a trained EMT. What about me dying or passing out while driving clients.. But really all that is small stuff, I think about it, try to plan for it, just like planning for this.
Nope we are not what I call preppers. But from what I read we may be closer to than further away. Pretty sure unless the power goes out we can live 6 months pretty easy, if not a year. If the power goes out I am a bit short on salt this is true, to cure what food we have frozen. BUT that will be solved today as I'm going by the feed store to get an 80 pound bag of feed salt... just in case...

Anyway, long as I'm alive, tommorrow is another day the Lord has made and if he lets me through this one and gives me the next one I'll be back up doing something around the house or farm even if I'm not getting paid. And I have a few small jobs coming up that will pay me a bit so its all good.

Now, to what I do worry about the most.

Liberals. Democrats. Socialists. Communists. RUINING. THIS. COUNTRY. They are working hard at it and getting close. Time to load a few more rounds of ammo.


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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They say that 70% of U.S. citizens don't have even $400 cash on hand for an immediate need or emergency. Most people here live as 3rd world slaves and depend on their Master for help. They wouldn't know a depression from a market boom.

I feel bad for the people retiring next year. Their 401k sucks now. I have over 15 yrs. to go but it'll happen again.

As far as the virus goes, I don't know. They know too little. Is it seasonal? Will it come back every year?

That's my big question.

Last edited by JD45; 04/02/20.
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Originally Posted by Jim_Conrad
My parents.





Me too. This sucks. This sucks for the economy, shutting schit down isn’t free and that’s a big deal. Gotta work to eat. This has been lousy and it looks like it’s gonna get lousier. But if you ask me would I rather sacrifice the economy for awhile or my dad? Well, hell, maybe I’ll stay away from people and give up some stuff while my wife is out of work for my mom and dad and grandma.

Hell maybe even my brother or sister. It was a younger crop we admitted yesterday. The more people that get this is more throws of the dice and it’s easy to think it’s just stupid political nonsense until it’s your family’s turn to roll




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Great point about hurricanes rost, I hadn't ever looked at it like that.


It is irrelevant what you think. What matters is the TRUTH.
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Covid 19...[bleep] the economy. Lives are most important...an economy can be rebuilt.


GOD Bless America
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I was taught-----"If you have your health, you have everything. If you don't have you health, you have nothing." It's in Matthew16:26-----"What does an man gain...…………."

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Talking to people - none of them blames Trump for any of this. They have their issue with him but they also don't blame any of this on him and are generally ok with how it's being handled.

Most heartburn is basically around local leadership. Governors and city admins.


Me



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For me and my family its covid. I'm at very high risk so it concerns us.

Economy will rebound. Yes some folks will be hurt and that's bad but it will come back. I know I've been broke before and pulled myself out of it, I'll do it again if need be.

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Originally Posted by RAS
All:

Last week, it was virus. Now, it’s our economy.

People all around me are losing their jobs. I feel that we are going to collapse, or at least go way down in my town. In the last 2 days, 11 people I know from five different employers are out of work.

Are things getting that bad by you?

RAS



The economy.


Retired cat herder.


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The economy. It might take years to fully come back, virus will be over in a couple of months.

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Originally Posted by Quak
Covid 19...[bleep] the economy. Lives are most important...an economy can be rebuilt.



False dichotomy; economic downturn is going to cost lives. In this case it isn’t far outside the realm of possibility it’ll cost more lives than the disease.

Gotta look big picture and not just at the media hype.

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The economy and how quickly so many bought the panic and immediately turned their entire lives and futures over to the government. I will laugh at all future SHTF threads.


Broncos are officially the worst team in the nation this year.
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