Posted on 04/05/2020 4:12:32 AM PDT by Kaslin
The politicians and media are defrauding us with a false dichotomy: destroy the economy or millions will die. It addition to distorting the potential death toll, NONE of them have made an honest assessment of the deaths that will occur because of this economic destruction. Increased crime, addiction, domestic violence, homelessness, hunger, suicide. Not to mention the inability to afford healthcare. And we know the left will use this crisis to redouble their effort to nationalize healthcare, where countless more will die waiting for treatment as happens in Canada. We end up with a destroyed economy and an increase in deaths at the back-end. What a “bargain”.
.gov SOP = FUBAR
“We better turn the ship around now, before it’s too late.”
Dude, I have news for you, it’s too late. The shipped has passed 25 years ago.
The politicians and media are defrauding us with a false dichotomy: destroy the economy or millions will die.’
indeed; and all for the purpose of politically damaging an administration...regardless of the philosophies of the people engaging in this, it is scurrilous beyond description...
If you are relying on your paper money’s future value to retire on; good luck!
While I honestly agree with what is being said here, I don’t
exactly know what I can do about it. I think Trump grasps
the fiscal side of things as well as anyone I can think of
back there. Right now, we’re damned if we do and damned if
we don’t.
Even the writer acknowledges that there was little esle that
could be done, and that we had to take some action.
His admonition in the end, is sound. We really do need to
address the federal debt and stop the pork barrel charade
that goes on constantly.
Hopefully the Republican’s will retake the House this fall,
and next year we can implement a plan to pay down trillions
in debt. It has to happen.
Now, can we perhaps quit put a moratorium on making long
lists about what is going to kill me next for a month or
two.
Sheesh!!!!
Which is far worse than the coronavirus sickness or death.
We can end the lock-downs which don't work anyways, for starters.
Get people back to work
The longer we delay the worse it gets.
I don’t see any “bubble” being created here. I see the Federal government pouring money into a financial system where the activity has already collapsed.
Oh, yeah. It’s simple. Just talk Congress into cutting all of that pork and Nancy and her commie posse into getting rid of the useless half of government employees and Hillary’s many anti-family social engineering programs. Easy as pie. LOL!
What is needed is to bring manufacturing back to America.
THAT is the very, very big problem right now.
Yes they are and they will use this contrived ‘crisis’ to once again add more power to government as a way to ‘solve’ the contrived ‘crisis’ that was government’s creation in the first place.
Any most importantly, all of the little leftist lemmings in this and other countries will gladly and willingly follow the leftists in government and say that it was not government’s fault, but Christians fault or conservatives fault or anyone else that they can convince the masses to scapegoat.
JoMa
Even before reading this article, my thoughts have rocketed to the more fundamental, selfish, concerns - what is it? Will it happen again? What can I do? What did my clients that endured the Great Depression teach me over the years? How can I protect myself and my family/friends/others?
It is coming. We just can’t predict the exact date. But, now is the time for plans to be implemented for self preservation.
Among other things, my clients have “taught” me about:
Age does not limit a work ethic.
Debt of any type is to be avoided.
Always have cash available.
Staying active physically will return great dividends.
Health is priceless.
Having a mate is preferable.
Education is king.
Don’t wait for the right time, the right time is now.
Sacrifice for others is always good.
Delayed gratification is a worthy trait.
Have a plan for every situation, and work the plan without tiring.
As we approach the unraveling of life as we knew it, what else do you see?
Gwjack
Or like my dear departed mother would say,"What are you going to do, cut off your head in spite of your face?"
Well, the government, media, disinformation spreaders and bureaucrats have lopped off America's head.
It is good go be worried anytime the government makes a big move. But in this case there are a lot of other systemic moves in play that will make us way stronger coming out the other side of this crisis.
Civil discourse can work wonders
You hit the nail on the head. The money creation is on the heels of money destruction. It’s not inflationary, it’s anti-disinflationary.
I don’t even have a problem with the big infrastructure spend. Assuming it is directed at things that will provide a return to society and economy. Fiber optic last mile investment would be really good for growth, and 5G is NOT it.
The national debt is bad, and we just made it worse.
In course terms:
National Debt is $28.3 trillion
GDP is $20.5 trillion
So our debt is 130% of our GDP.
Here is a technical paper, looking at many nations in history, concluding that very bad things happen when the debt/GDP goes over 90%:
https://www.nber.org/papers/w15639.pdf
The one (perhaps) silver lining is that the GDP metric we use was designed back in the manufacturing days, but we are creating a lot more value with technology and intellectual property that isn’t counted (e.g. George Gilder).
https://www.amazon.com/gp/product/B00APDG0PG/ref=dbs_a_def_rwt_hsch_vapi_tkin_p1_i5
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