Next stimulus package?

[tennvols77]

More corporate bailouts.

Yes, this is insane........there could be certain segments or types of businesses that maybe could make a claim for help, but, part of business is mitigating risk, proper planning and due diligence, and always planning worst case scenario's and moving forward from there.

One of my professor's at Kellogg said very simply, just as in life, the gazelle needs to tread lightly, learn from day one, refine their intuition, and make solid sound choices, because everywhere he turns there is something or someone waiting to rip his head off, and as in life, as is in business, there are no tomorrow's sometimes, and you need to do today what gives you the best probability to a tomorrow, and even then, there is no guarantee....

Unfortunately, it is a difficult thing for many small businesses who do thrive on the concept that it is family and the owners and operators are truly decent humans and feel it is their responsibility to keep their "family" members, or employees, able to live and provide a living for their families. And, again, unfortunately, it are these who suffer, not any type of goliath 5A or multi billion dollar entity, as their cash flow will still be there no matter how terribly they are run or lacking in cash or reserves, because simply they are carrying heavy debt and credit lines that the banks will not allow to fail, as they are all too much invested in the outcome as well.

However, banks are also beginning to tighten on debt and credit that will be hitting the mid tier larger medium to minor (maybe 2-3 billion - 50 million types) badly. They are the meat that the goliaths will devour and absorb through liquidation or by literally saving said entity and then putting that new entity into the vertical or horizaontal integration only increasing their power and market shares.

It definitely isn't an issue for the name brand and nationally and world wide recognized "corporate" big names, and that any of them receive a dime, is a crime.

 

[Orangeslice13]

Why buy property when a bunch of douchenozzels chanting social justice slogans can take your property, burn it to the ground and proclaim it an “autonomous zone” and face zero legal repercussions.

Don’t buy city blocks. Buy land. Countryside. Large tracks.

 

[Orangeslice13]

the government will sell your property if the taxes arent paid

To who?
Money is worthless at this point.
When fiat money collapses then land is the only thing that has value beyond gold and silver.

 

[Orangeslice13]

For example
Here’s some of mine.

 

[McDad]

Don’t buy city blocks. Buy land. Countryside. Large tracks.

 

[rekinhavoc]

Here's an idea. Let's end retirement benefits for politicians to pay for the stimulus. They don't need it and it is obscene how little they have to do to earn them. Politician should not be a occupation. I hear them cry when a CEO gets a golden parachute while they bask in the benefits they vote for themselves. Only thing that is truly bipartisan.

 

[McDad]

Here's an idea. Let's end retirement benefits for politicians to pay for the stimulus. They don't need it and it is obscene how little they have to do to earn them. Politician should not be a occupation. I hear them cry when a CEO gets a golden parachute while they bask in the benefits they vote for themselves. Only thing that is truly bipartisan.

I get the principle. And, I agree.

Politician's retirement benefits are not enough to put a dent in the stimulus spending.

 

[hog88]

Moneys ass!
Buy property. It’s the only thing left that will have value when the fiat money system collapses.

I'm not so sure about that anymore. Unless it's income producing property or a piece of property that can sustain you during a crash it's just way to high right now.

 

[Carl Pickens]

Guys..... after all of this runs it’s course you’d better be prepared for massive inflation

 

[hog88]

Guys..... after all of this runs it’s course you’d better be prepared for massive inflation

Without a doubt.

 

[Carl Pickens]

I'm not so sure about that anymore. Unless it's income producing property or a piece of property that can sustain you during a crash it's just way to high right now.

It sure is here in Wilson County. Houses over in the zone for the new Green Hill High School are selling for $235/ft...... and quickly. These aren’t nice custom homes either. Most are 80’s era and nothing special.

 

[hog88]

It sure is here in Wilson County. Houses over in the zone for the new Green Hill High School are selling for $235/ft...... and quickly. These aren’t nice custom homes either. Most are 80’s era and nothing special.

Same across the pond here in Sumner County. People are buying older homes, bulldozing them and rebuilding McMansions.

 

[Carl Pickens]

Same across the pond here in Sumner County. People are buying older homes, bulldozing them and rebuilding McMansions.

There not doing that in this particular area. They’re just paying through the nose and the location isn’t that great IMO. It’s not convenient to a major highway or the interstate.

 

[Orangeburst]

Guys..... after all of this runs it’s course you’d better be prepared for massive inflation

That does not jive with negative interest rates that seem to be on the agenda. Something has to give. If interest rates skyrocket, good bye fed budget and the socialist dreams.

 

[Y9 Vol]

Nothing to see here. Just buying votes. Move along.

 

[Orange_Crush]

Moneys ass!
Buy property. It’s the only thing left that will have value when the fiat money system collapses.

Buy lead.

 

[ajvol01]

Guys..... after all of this runs it’s course you’d better be prepared for massive inflation

So our 401k / IRA / savings of any kind basically just got cut in half

 

[Orange_Crush]

If Trump loses, we will be able to go to "normal" (or as close to normal as we can get) because all of this COVID nonsense and shutting down of the economy and civil unrest was strictly intended to upset the elections. facts. But if Trump wins, then you will see the DNC controlled states continue with their antics and the media stirring up more fear.

Military tribunals. lol (Sort of)

 

[Sandman 423]

Well, All the non-essentials seem to be coming back from their Florida vacations this week so they would probably be needing some bill money.

 

[Carl Pickens]

So our 401k / IRA / savings of any kind basically just got cut in half

Let’s hope not, but with the debt skyrocketing it is a concern

 

[ajvol01]

Let’s hope not, but with the debt skyrocketing it is a concern

If inflation happens like you think it’s a definite possibility. I’ll probably be working until 70 at this rate.

 

[Carl Pickens]

If inflation happens like you think it’s a definite possibility. I’ll probably be working until 70 at this rate.

We should probably ask Huff. He reads economics books and sht

 

[VolunteerHillbilly]

Why buy property when a bunch of douchenozzels chanting social justice slogans can take your property, burn it to the ground and proclaim it an “autonomous zone” and face zero legal repercussions.

Apparently, Joe Biden has some plan to force suburban counties to come within the taxing authority of broke, urban counties.

 

[rekinhavoc]

I get the principle. And, I agree.

Politician's retirement benefits are not enough to put a dent in the stimulus spending.

Call it a down payment .

 

[McDad]

Call it a down payment .

I'll call it whatever you want me to. But it won't effect the actual amount of debt added with more stimulus. I wholeheartedly agree it is great in principle.