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re: 7 months in and don't know a single person hospitalized
Posted on 10/6/20 at 7:44 am to The Easter Bunny
Posted on 10/6/20 at 7:44 am to The Easter Bunny
quote:
Lots of friends laid off or took pay cuts, though. Some struggling to make ends meet.
We introduced like 20% of our previous total circulated capital into our economy in six months in response to COVID and blew up the existing economic infrastructure at the same time. The economic fallout in the form of rampant stagflation hasn’t even begun to be felt.
We are a society of bubbles right now in an unsteady equilibrium. Student loans are a bubble, the stock market is the only entity showing signs of the inflation that I think is coming, and real estate is probably teetering on being a bubble once interest rates go up and active foreclosures get processed.
At this point I just hope for all our sake that the dollar maintains its status as the reserve currency of the world, because I think the entire idea of a fiat currency is put into jeopardy when the money printers go too hard and we stand to lose so much if that happens.
This post was edited on 10/6/20 at 7:50 am
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