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Posted on 3/22/20 at 5:03 pm to Dawgfanman
Correct...
Posted on 3/22/20 at 5:08 pm to Janky
quote:
So, explain to me how this comment does anything positive.
imo, how can they justify cronyism by buying worthless paper from the rich?
Update:
Called it.
quote:
US Futures Crash Limit-Down, Gold Pops, Bonds Bid
LINK
Oil now about a $20 handle and heading to $10... they keep producing... negative oil price.
This post was edited on 3/22/20 at 5:12 pm
Posted on 3/22/20 at 5:09 pm to Mud_Till_May
quote:
The market was too expensive. People are crashing the system so they can buy cheap. and profit even more.
More in the hands of the few. That's the problem.
Posted on 3/22/20 at 5:20 pm to boogiewoogie1978
Owning more worthless currency won’t matter if we reach 30% unemployment. At that point Foch won’t mean anything. No government or economy could survive that. There would likely be a revolution and once that happens anything could occur. Hopefully not along the lines of the French or Russian Revolutions.
Posted on 3/22/20 at 5:23 pm to FlyingTiger1955
quote:
Owning more worthless currency won’t matter if we reach 30% unemployment. At that point Foch won’t mean anything. No government or economy could survive that. There would likely be a revolution and once that happens anything could occur. Hopefully not along the lines of the French or Russian Revolutions.
The Fed will attempt to buy any and all worthless paper especially among the too big too fail (yeah, that never went away).
At best, they continue to ramp up the cronyism and hold this off for a bit, eventually its hard to imagine with the numbers we are likely to see that this doesn't implode.
Posted on 3/22/20 at 5:29 pm to FlyingTiger1955
quote:
Owning more worthless currency won’t matter if we reach 30% unemployment.
They don't care. They only think more more more.
Posted on 3/22/20 at 5:43 pm to boogiewoogie1978
If your money is worthless it doesn’t matter.
Posted on 3/22/20 at 5:46 pm to GeauxFightingTigers1
I got 30, do I hear 35? 35-35-35-35-35-35, 35! 40? do i hear 40? 40-40-40-40-40-40-40-40
Everybody trying to one-up each other on the wishcasting.
Everybody trying to one-up each other on the wishcasting.
Posted on 3/22/20 at 5:46 pm to GeauxFightingTigers1
Stupid comments. A nobody in St Louis has to inject idiotic comments into this. If the Fed has something to say let the worthless Fed Chairman say it.
Posted on 3/22/20 at 5:49 pm to Alt26
It’s not your grandma snapper, look In the mirror that’s who we want.
Posted on 3/22/20 at 6:03 pm to MeatCleaverWeaver
quote:
We’re being hoo dooed right before our very eyes. No amount of quarantining is worth destroying ourselves. Quarantine the elderly and sick and everybody else get the frick back to work.
It just makes no sense to me. I do not understand how/why they are doing this when the more we know about the virus, the less there is to fear.
Posted on 3/22/20 at 6:06 pm to GeauxFightingTigers1
frick it, let me know when it is about to hit bottom because I am going to lock and load and take over my suburban block, maybe two or three more with my neighbor.
Then we declare ourselves a nation. Give me the heads up because it kind of sounds good, need better looking women though.
Then we declare ourselves a nation. Give me the heads up because it kind of sounds good, need better looking women though.
Posted on 3/22/20 at 6:20 pm to GeauxFightingTigers1
You are unhinged... I hope you don’t go into hiding when in a couple months this was just a temporary disruption. Media loves lunatics like you.
Posted on 3/22/20 at 6:27 pm to MarineVet
quote:
You are unhinged... I hope you don’t go into hiding when in a couple months this was just a temporary disruption. Media loves lunatics like you.
You will have mega-bankruptcies both corp and personal probably within weeks, bailouts, defaults, etc. The amount of derivatives out there is massive - look up why AIG was bailed out. Many states are already on the edge of bankruptcy without this i.e. Illinois. This all starts a daisy chain, we are only at the very beginning.... the massive defaults haven't even started yet let alone the derivative implosions.
How do you think the economy runs, they just put monopoly money into the ATMs? Do you know how money is even created (process)? I bet not. We might be past of no return at this point, idk, but I suspect we are rapidly approaching it.
P.S. we generally already have what we need and can actually produce much of what we consume. Why would I go into hiding?
This post was edited on 3/22/20 at 6:31 pm
Posted on 3/22/20 at 6:37 pm to GeauxFightingTigers1
Haha... I heard the same fearmongering crap in 2008. Money is created by the fed, lol... wealth is created by value because of scarcity. The only way bankruptcy will happen is if the dems in the house drag their feet and don’t prop up the airlines, hotels, and service sector. Those companies weren’t mismanaged, they were forced to stop business because gov ordered them too temporarily. This will pass and the world will remain intact.
Posted on 3/22/20 at 6:41 pm to boogiewoogie1978
China is building freaking Islands to own more land in the pacific. Of course they will buy up everything they can in the United States.
And, unfortunately we will welcome it for the sake of economic recovery.
Watch China buy Huntsville.
And, unfortunately we will welcome it for the sake of economic recovery.
Watch China buy Huntsville.
Posted on 3/23/20 at 6:35 am to MarineVet
quote:
Haha... I heard the same fearmongering crap in 2008. Money is created by the fed, lol... wealth is created by value because of scarcity. The only way bankruptcy will happen is if the dems in the house drag their feet and don’t prop up the airlines, hotels, and service sector. Those companies weren’t mismanaged, they were forced to stop business because gov ordered them too temporarily. This will pass and the world will remain intact.
Oh I agree there the Fed will be buying stuff up, just like the Japanese central bank has been doing for 30 years - that doesn't appear to be very helpful does it. So, Japan central bank owns somewhere in the neighbor of all stock, what exactly do they buy when they get to 100%?
What do you think the Fed has been doing the last few weeks... they'll eventually be buying used tampoons from the rich... if its worthless paper.. they'll buy it. Guy on the street is fricked right away.
quote:
Those companies weren’t mismanaged, they were forced to stop business because gov ordered them too temporarily.
Oh plenty of them were mismanaged, well from our pov, meaning they never put money in the bank and did nothing but stock buy backs so their CEOs could cash out. Capitalism on the way up, cronyism on the way down.
As a marine vet, I would think you would be sickened by this - its basically USSR, central government controls who gets money and how.
This post was edited on 3/23/20 at 6:37 am
Posted on 3/23/20 at 6:37 am to Janky
Maybe so. Buts it’s no more irresponsible to say millions were going to die from this virus if we didn’t absolutely tank the economy
This post was edited on 3/23/20 at 6:38 am
Posted on 3/23/20 at 6:39 am to Oilfieldbiology
quote:
Maybe so. Buts it’s no more irresponsible to say millions were going to die from this virus if we didn’t absolutely tank the economy
If only that were true and if they were actually doing something about it. Everyone is going to get this, and the hospitals really don't help.... 70% of the patients that went to the hospital with this in China died, 95%+ died at the hospital if they were put on a vent.
This is all a waste of time.
LINK
quote:
Kashkari Says Fed Has "Infinite" Amount Of Cash: "We Create It Electronically"
Threat of wheelbarrow money.
This post was edited on 3/23/20 at 6:41 am
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