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re: When do people run out of money and start begging or rioting?
Posted on 4/4/20 at 10:39 am to Hulkklogan
Posted on 4/4/20 at 10:39 am to Hulkklogan
quote:
When 70% of people have less than $1k saved it's a systemic failure, imo.
its by design that way, banks only pay 0.0000000001% interest so put $1000 in the bank for a year and at the end of that years you made less then $10 interest in it so seriously, why the frick would anyone ever put money in a savings account? you may as well bury it in the back yard.
trump needs to make the fed change the rules so banks have to pay the same interest on savings that they charge on average to customers for lending
1
Posted on 4/4/20 at 10:47 am to WizardSleeve
Bankrupt the current system since it is so riddled with handouts to the welfare/warfare state. (What do you think is going to happen with the trillions they are just printing out hits the system) Start over with the basics that the founding fathers had.
When people who do not pay taxes are allowed to vote it will always end up like this.
When people who do not pay taxes are allowed to vote it will always end up like this.
This post was edited on 4/4/20 at 10:49 am
Posted on 4/4/20 at 10:53 am to keakar
quote:stop with this BS. that's not the problem here and you know it.
its by design that way, banks only pay 0.0000000001% interest so put $1000 in the bank for a year and at the end of that years you made less then $10 interest in it so seriously, why the frick would anyone ever put money in a savings account? you may as well bury it in the back yard.
if you cant put together enough money to survive for a couple months w/o income, youre fricking up
Posted on 4/4/20 at 11:30 am to fishfighter
quote:
Ochsner hospital has sent me a letter asking for funding for their lay off staff, doctors and nurses.
There’s a 3000 person “hospital” being set up at the CC in NOLA,,,,,Should be plenty of opportunities
Posted on 4/4/20 at 11:42 am to WizardSleeve
Most likely in May. At the latest, June
Posted on 4/4/20 at 11:43 am to LoneStarRanger
I'm about to start rioting since there was a line 100 deep at Wal-Mart
Posted on 4/4/20 at 11:44 am to WizardSleeve
when renters that live in all utilities paid housing have power and water cut off.
will happen in major cites on East Coast and Rustbelt
mid May - Mid June
will happen in major cites on East Coast and Rustbelt
mid May - Mid June
Posted on 4/4/20 at 11:44 am to Boston911
quote:
There’s a 3000 person “hospital” being set up at the CC in NOLA,,,,,Should be plenty of opportunities
That might be manned by FEMA/the national guard.
Posted on 4/4/20 at 11:47 am to WizardSleeve
Very good question, but alot of people will be getting checks by next week and from what I have heard a second batch of food stamp money is gonna drop on April 17th. Now I have read that some who don't have direct deposit will not receive their paper checks till August. Now that will be a problem. I really don't think we will see bedlahm in the streets, but it's concerning.
Posted on 4/4/20 at 11:49 am to WizardSleeve
You take a loan out and roll with it.
Posted on 4/4/20 at 11:54 am to UltimaParadox
Good point. In Louisiana the top pay is $247 a week. Now add $600 to it and you will see that most have never had a weekly check for that much in their life. They could and will spend like crazy on what ever is open and available.
Posted on 4/4/20 at 11:58 am to WizardSleeve
quote:
About 70% of Americans have less than $1000 in savings (data from 2019).
- 45% have $0 in savings.
-10 million people filed for unemployment in the last 2 weeks. More will file this week.
- Stimulus checks aren't in people's hands yet.
Thanks, Obama!
This post was edited on 4/4/20 at 11:59 am
Posted on 4/4/20 at 11:59 am to RockChalkTiger
Obama did corona virus... and 9-11.
Posted on 4/4/20 at 12:04 pm to UncleRuckus
quote:
Stupid fricks should have money saved.
I'm curious. Let's say a normal guy working a decent job should have, say, 2-3 months worth of money saved for an emergency.
By that logic, how many years of savings should a larger business / corporation with access to the very best financial planners money can buy have saved for this?
Posted on 4/4/20 at 12:12 pm to wm72
quote:
how many years of savings should a larger business / corporation with access to the very best financial planners money can buy have saved for this?
Ding. Ding. Ding.
That’s because the rich corporate elites live by a different set of rules and know they can always get a bailout or some corporate welfare when things go south, unlike the rest of us! It’s called “privatization of gains, socialization of losses.” When things are going well, they win. When they aren’t, you lose!
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