Jobless Claims Soar to 3.3 million; 6.6 million this week

#477
#477
So what will the next financial system be? Single world currency? Crypto? Something else?

Even the debt lovers argument of debt to GDP is blown away now.
 
#478
#478
TheDeeble said:
So what will the next financial system be? Single world currency? Crypto? Something else?

Even the debt lovers argument of debt to GDP is blown away now.
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The dollar already is (effectively) the world currency.

I don't know that the financial system will change, but we're definitely experiencing retrenching in government and commerce.
 
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#479
#479
It is until it isn't. Something will end up changing at some point but I'm not going to pretend to pick a date. The playbook is out there for everyone to see. When some crisis hits business looks to the govt to bail them out. And the govt looks to the central banks to do the same.

How much debt will it take? Before long death and taxes won't be the only sure thing. It will be death and debt. Unemployed people can't pay taxes.
 
#480
#480
TheDeeble said:
It is until it isn't. Something will end up changing at some point but I'm not going to pretend to pick a date. The playbook is out there for everyone to see. When some crisis hits business looks to the govt to bail them out. And the govt looks to the central banks to do the same.

How much debt will it take? Before long death and taxes won't be the only sure thing. It will be death and debt. Unemployed people can't pay taxes.
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Are you talking globally or domestically?

For the former, massive bailouts are taking place in so many countries that I don't know it alters America's standing, relative to everyone else.

It could put more strain on the EU, given how devastated Italy and other countries may be.
 
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#481
#481
Velo Vol said:
Are you talking globally or domestically?

For the former, massive bailouts are taking place in so many countries that I don't know it alters America's standing, relative to everyone else.

It could put more strain on the EU, given how devastated Italy and other countries may be.
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Globally and domestically. As you said the dollar is a reserve currency. You remember just a few years ago when markets were in massive panic and turmoil when the prospect of little tiny Greece defaulting was possible? Everyone acted like the world economy would go into depression if the EU didn't bail out Greece with loans to pay on their debt.

What will be the effect when it happens in the US? The US isn't going to outgrow this debt. It will either print or default. And those debt interest payments will be eating up an even larger chuck of our deficit positive budgets. How will the Fed Govt respond?
 
#483
#483
Purple Tiger said:
Did I say I was happy? No. Do I think the woman got what she deserved. Yes. She died from her own stupidity. Too many Americans are conspiracy theorists, anti-science and think everything they disagree with is fake news. Darwinism happened to her. I hope people learn from her example.
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Eh. If you believe she got what she deserved or justice was served it's hard to draw a line between that and I didnt say I was "happy" about it. But still, since she contracted it and died from it, "there is a God".
 
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#484
#484
TheDeeble said:
What will be the effect when it happens in the US? The US isn't going to outgrow this debt. It will either print or default. And those debt interest payments will be eating up an even larger chuck of our deficit positive budgets. How will the Fed Govt respond?
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I don't know. For now people are still buying plenty of debt. It can't go on indefinitely, one figures.
 
#486
#486
Rickyvol77 said:
He’s the perfect example of what a leftist actually believes
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I dont think the virus is a hoax. And neither Trump and the right nor the left or the MSM is the cause or reason for the virus.
I do think the media has used it for something other than just a story to report on. They have agendas to push, crisis or not.
And I also think politicians on both sides have used it to push narratives and policy before an election.

The idea that death was deserved in that instance is scary regardless of party affiliation or none at all.
 
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#496
#496
evillawyer said:
Well, he did always wanna undo Obama's legacy.

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And if he quickly turns this around and people start getting back to work that’s what they’re going to remember.

It’s such an easy message to see since only an idiot would try and blame the virus on the admin. However if people quickly start returning to work it’s an easy and compelling sound bite to make.

Whick leaves you girls with no option but to try and obstruct that from happening. Which is another easy sales job to illustrate any such actions. Countries already around the world are talking about opening back up. This one is going to blow up in your faces too 😂
 
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#498
#498
NorthDallas40 said:
And if he quickly turns this around and people start getting back to work that’s what they’re going to remember.

It’s such an easy message to see since only an idiot would try and blame the virus on the admin. However if people quickly start returning to work it’s an easy and compelling sound bite to make.

Whick leaves you girls with no option but to try and obstruct that from happening. Which is another easy sales job to illustrate any such actions. Countries already around the world are talking about opening back up. This one is going to blow up in your faces too 😂
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You and the laughing emojis. Everytime I think of this.

 
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