Page 2 of 15 FirstFirst 123412 ... LastLast
Results 11 to 20 of 147

Thread: This is the End

  1. #11

    Default

    Quote Originally Posted by Latrinsorm View Post
    We tried to fight the pandemic to a draw so we could save the economy.


    We failed.





    At both.





    Neither of these is the scariest part.


    .


    A vaccine will be released before the election.


    It will be brought to us by the same people who were wrong about travel bans and not masks preventing the spread of the virus, who were wrong about not needing FDA approval for testing kits for the virus, and who were wrong about hydroxychloroquine being a treatment for the virus.


    We all know they'll be wrong about this vaccine too, and we all know tens of millions will take it anyway out of loyalty or desperation, and we all know tens of millions more will point to the inevitable failure as reason to not take the genuine vaccine when it is eventually released, fatally undermining herd immunity.


    This isn't the scariest part either.


    .


    The scariest part is that our only hope is the United States Congress.


    .


    But it's not as bleak as that phrase may have seemed at any other point in any of our adult lives, because we know they've already managed to come together and unanimously(!!!) approve bailout checks to many businesses and each and every one of us. All we need is for them to do that again, and more, and indefinitely.


    "Inflation!" Here's the thing - we've already seen $3,000,000,000,000 in stimulus and CPI is deflating. We need immediate further injections just to get to a healthy amount of inflation, worrying about hyperinflation now is like worrying about cholesterol during a famine.


    "Debt!" Here's the thing - money isn't real. Germany saw -2% GDP in the first quarter compared to our -5%, and is projected to see -10% GDP in the second quarter compared to our -35%. None of these are good numbers, but I know which ones I'd pick.


    In addition to crushing us economically, Germany is crushing us medically:





    They have done and are continuing to do better on both. We can too, and we can do it by doing what they did: $$$ (technically they did €€€ but you get the idea).


    "Socialism!??" Here's the thing - I said it was the end, didn't I?


    .


    .


    We get to choose, right now, today.
    Not next week, next week is too late.
    Not tomorrow, tomorrow is too late.
    It's already too late today.
    We are in the no-win scenario.
    Our only choice is how much we want to lose.


    Is this the end of capitalism, or the end of America?


    Look at the first picture again. There are no blue states anymore. The red states represented by Republicans are already coming around, slowly, from the governor of Texas to the senior Senator from Kentucky. All they need is a little more push and we can survive.
    How are you cold cut buying skills coming along though?
    Discord: Methais#5420
    [Private]-GSIV:Nyatherra: "Until this moment i forgot that i changed your name to Biff Muffbanger on Lnet"
    Quote Originally Posted by Back
    I am a retard. I'm disabled. I'm poor. I'm black. I'm gay. I'm transgender. I'm a woman.
    Quote Originally Posted by Back View Post
    Remember, I'm a tiny dick pussy.



  2. #12

    Default

    Quote Originally Posted by Latrinsorm View Post
    You've got it backwards. Inflation doesn't happen when prices are raised, prices are raised when inflation happens. The Fed has no control whatsoever over prices, they only control the rate banks lend to each other, and when they cut rates it's an inflationary force, which is why in the face of impending recessions (like late 2019) they cut, cut, cut. Unfortunately they have already cut to 0 so that path is exhausted.

    Another less popular and more dangerous inflationary force is for the government to print money willy-nilly and give it away to citizens. More money in the hands of the poor means more spending, that's more demand, THEN prices go up. Ask anyone who complains about fiat currency, they will talk to you about it, for great length, even though you'd much rather they stop.

    This isn't hypothetical. Germany turned on the spigots, avoided the economic damage we're suffering, AND avoided the human damage we're suffering. It's not a choice between economy and medicine, it's only a choice between practicality and theory. Many Americans have the theory that socialism is bad. In this case, it turns out they're dead wrong.
    Actually, you have it backwards. Per the Federal Reserve:

    What is inflation and how does the Federal Reserve evaluate changes in the rate of inflation?

    Inflation is the increase in the prices of goods and services over time. Inflation cannot be measured by an increase in the cost of one product or service, or even several products or services. Rather, inflation is a general increase in the overall price level of the goods and services in the economy.
    Inflation is the indexed increase of goods and services, so when consumer confidence and spending drops, inflation does in the toilet as manufacturers and distributors at points of sale are charging less to spur consumption.

    Your answer about the printing of money is only half right. Printing more money and distributing to consumers in the form of tax rebates or stimulus payments can have the effect of driving up purchases and thus the price component in an inflation index. However the other part of your Marxist proposal fails to account for the devaluation of a currency caused by the 'creation' of money where value doesn't exist. Look at any number of Eastern European, African or South American countries at their massive problems with hyperinflation as a result of trying to increase the value of their currency against the actual price of foreign goods/services. Prices aren't going up due to demand, but rather the cost of the supply quotient due to the devaluation of the domestic currency over goods and raw materials purchased from foreign sources.

    QED; Making wealth, without creating value under a socialist policy will usually spell disaster for an economy.

  3. #13

    Default

    Quote Originally Posted by Methais View Post
    How are you cold cut buying skills coming along though?
    no complaints
    Hasta pronto, porque la vida no termina aqui...
    America, stop pushing. I know what I'm doing.

  4. #14

    Default

    Quote Originally Posted by Seran View Post
    Actually, you have it backwards. Per the Federal Reserve:



    Inflation is the indexed increase of goods and services, so when consumer confidence and spending drops, inflation does in the toilet as manufacturers and distributors at points of sale are charging less to spur consumption.

    Your answer about the printing of money is only half right. Printing more money and distributing to consumers in the form of tax rebates or stimulus payments can have the effect of driving up purchases and thus the price component in an inflation index. However the other part of your Marxist proposal fails to account for the devaluation of a currency caused by the 'creation' of money where value doesn't exist. Look at any number of Eastern European, African or South American countries at their massive problems with hyperinflation as a result of trying to increase the value of their currency against the actual price of foreign goods/services. Prices aren't going up due to demand, but rather the cost of the supply quotient due to the devaluation of the domestic currency over goods and raw materials purchased from foreign sources.

    QED; Making wealth, without creating value under a socialist policy will usually spell disaster for an economy.
    I didn't say what would usually happen. I said what happened specifically in Germany specifically in response to this specific scenario. They went socialist and we didn't, their outcome is much better - less GDP loss, better (i.e. any) inflation without hyperinflation, AND a dramatically better coronavirus situation. See for yourself: https://www.inflation.eu/inflation-r...many-2020.aspx

    That's how you QED.
    Hasta pronto, porque la vida no termina aqui...
    America, stop pushing. I know what I'm doing.

  5. Default

    I don't know. I've made (as in bought and sold for a profit) a significant amount of money since I bought them (IVR, UAL, BOTZ, GE and F) in March and sold in May and June. I'm also in the process of getting promoted at work.

    I feel like it's just the beginning.
    https://stopthemadness.gop/
    https://snowflakevictory.com/

    http://www.usdebtclock.org/

    Click the link above to see how much you owe the government.

    "Well I tell you what, if you have a problem figuring out whether you're for me or Trump, then you ain't black."
    -Superracist, Joe Biden

    “If you don’t believe in free speech for people who you disagree with, and even hate for what they stand for, then you don’t believe in free speech.”
    -My favorite liberal

  6. Default

    Actually I haven't sold BOTZ. So strike that one
    https://stopthemadness.gop/
    https://snowflakevictory.com/

    http://www.usdebtclock.org/

    Click the link above to see how much you owe the government.

    "Well I tell you what, if you have a problem figuring out whether you're for me or Trump, then you ain't black."
    -Superracist, Joe Biden

    “If you don’t believe in free speech for people who you disagree with, and even hate for what they stand for, then you don’t believe in free speech.”
    -My favorite liberal

  7. #17

    Default

    Florida record cases 06/24, week starting 06/29 saw most deaths (312) since the week starting 05/04 (342)

    Texas record cases 06/20, week starting 06/29 saw most deaths (244) since the week starting 05/11 (248)

    Arizona record cases 06/16, week starting 06/22 saw most deaths (249) ever

    .

    We started locking down in late March when there were nationally about 300 daily deaths, which peaked three weeks later at about 2000.



    If we had started locking down one week earlier when there were about 50, we would have peaked at about 1100.



    One week's delay was the difference between 130,000 and 70,000 dead (so far).

    How much longer do you want to wait this time?

    .

    We don't have to sacrifice the economy to save lives.

    We only have to sacrifice our pride.

    Capitalism can't handle this.

    We were wrong.

    We don't have to stay wrong.
    Hasta pronto, porque la vida no termina aqui...
    America, stop pushing. I know what I'm doing.

  8. #18
    Join Date
    Jun 2007
    Location
    Mars
    Posts
    30,106
    Blog Entries
    17

    Default

    Ceterum censeo Carthaginem esse delendam

  9. #19

    Default

    In the first chart in the OP we went from 22 states trending down to 18 to 23 to 33 to 34.



    A week later we were at 39.

    Today one of the last three green states flipped to yellow, and both of the remaining two are seeing increasing positivity and flat cases.

    We're all red states now. It's time to work together.
    Hasta pronto, porque la vida no termina aqui...
    America, stop pushing. I know what I'm doing.

  10. Default

    Lots of opportunity in the stock market right now. I'm gonna get back in and make half a years wages again soon.
    https://stopthemadness.gop/
    https://snowflakevictory.com/

    http://www.usdebtclock.org/

    Click the link above to see how much you owe the government.

    "Well I tell you what, if you have a problem figuring out whether you're for me or Trump, then you ain't black."
    -Superracist, Joe Biden

    “If you don’t believe in free speech for people who you disagree with, and even hate for what they stand for, then you don’t believe in free speech.”
    -My favorite liberal

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •