2020 Politics Thread - Enter At Your Own Risk - RULES IN OP

[rcmb3220]

Originally Posted by mike1498

I'm not saying it can't happen but we've been increasing the money supply since 2007 and we've gotten the opposite effect. It's kind of an anomaly but probably has to do with the fact that the dollar is king.

The dollar is on one side of 87% of forex transactions and there isn’t enough other currency out there to make up the slack. That might be the only thing saving us. But you can’t just say something won’t gsppen because it hasn’t yet.

[mwash1983]

Originally Posted by GeechQuest

I agree that places are hiring. No denying that.

Long term permanent job loss is going up while total unemployment levels are going down. That’s not a good sign. For every small business that’s hiring, others are shutting down for good.

Like I said, the banks are setting aside billions for loan losses. They anticipate the same type of financially reckoning.

I think we’ve been in lalaland financially with the stimulus checks + $600 a week unemployment bonus. The plan that’s getting talked about and passed around for round 2 is meager compared to round 1. Not a good financial sign.

Unemployment gonna jump big time in a few weeks. Colleges are shutting down fall sports, HS sports not happening. I have a close friend who is a salesman for a big big sports company that sells uniforms etc, he's preparing to lose his job.

[rcmb3220]

Originally Posted by GeechQuest

I think we’re already in depression and just haven’t realized it. Almost every metric would say we’re in one. That FED money though.

I don’t see hyperinflation happening.

I was referring to what happened during the Great Depression which was deflation, not to x number of quarters of negative growth.

[mike1498]

Originally Posted by rcmb3220

The dollar is on one side of 87% of forex transactions and there isn’t enough other currency out there to make up the slack. That might be the only thing saving us. But you can’t just say something won’t gsppen because it hasn’t yet.

I don't disagree but you need a hot economy to cause inflation. I guess what you are referencing is stagflation but the last time that happened was with 1979 OPEC embargo and oil could not be in a worse situation right now.

[GeechQuest]

Originally Posted by rcmb3220

I was referring to what happened during the Great Depression which was deflation, not to x number of quarters of negative growth.

My B, my B.

[packman80]

Originally Posted by GeechQuest

Dollar is king + the money isn’t getting into circulation but being hoarded to shore up balance sheets.

Hard to have inflation in a deflationary economy as well.

Lots of different reasons that are well above my head.

Lots of danger in a cashless society means that every purchase you can and will make will be able to be tracked for whatevery you want to buy.

[rcmb3220]

Originally Posted by mwash1983

Unemployment gonna jump big time in a few weeks. Colleges are shutting down fall sports, HS sports not happening. I have a close friend who is a salesman for a big big sports company that sells uniforms etc, he's preparing to lose his job.

The entire lending/mortgage/real estate is soon to be non-functioning, sports industry jobs are small potatoes.

[DegaBama]

To me, the only chance to salvage this is a mask mandate and then open up everything. No, not everyone will listen, but more will... the fence sitters so to speak. If we go far into August the way we have... COVID will look like nothing compared to what we will see.

[packman80]

Originally Posted by DegaBama

To me, the only chance to salvage this is a mask mandate and then open up everything. No, not everyone will listen, but more will... the fence sitters so to speak. If we go far into August the way we have... COVID will look like nothing compared to what we will see.

masks are not the special magic bullet that will fix this. First they scream we need to stay home that will help end this all soon. Now they scream wear a mask it will help it go awya. Next will be get the vaccine it will be the only way it will go away. What next after that will they demand they do that's in our best interest.

[rcmb3220]

Originally Posted by mike1498

I don't disagree but you need a hot economy to cause inflation. I guess what you are referencing is stagflation but the last time that happened was with 1979 OPEC embargo and oil could not be in a worse situation right now.

No you need too much money chasing too few goods. I don’t think you can find an example of hyperinflation born from a hot economy. It may take decades and it could happen tomorrow. (It won’t happen tomorrow)

[ballhawkdawk]

Originally Posted by packman80

So Nick Cannon fired by CBS after he makes comments calling white people savages and making anti-semitic remarks. But not when fired CBS says nothing about the white people comment jsut the anti-semitic remarks. Also after he was fired he first went on to play race card and later on said he was sorry about the anti-semitic remarks but never said sorry about calling white people savages. See that racist remarks against white people are ignored and only thing people focused on are the anti-semitic remarks. Should not both be taken at the same level of offense as racist remarks?

Yes... zero is the only acceptable level for being offended. The anti-white stuff makes me laugh usually. Like calling white people savages... that’s funny to me. It’s such a crazy comment I can’t even take it seriously. I feel like I should probably care more, but I just don’t.

[GeechQuest]

Originally Posted by DegaBama

To me, the only chance to salvage this is a mask mandate and then open up everything. No, not everyone will listen, but more will... the fence sitters so to speak. If we go far into August the way we have... COVID will look like nothing compared to what we will see.

I think we’re so far behind that even opening everything right now will have little effect. Masks or no masks, doesn’t matter.

JPMorgan Chief Executive James Dimon said a massive government-stimulus effort and expanded unemployment benefits are keeping U.S. consumers and businesses afloat for now, but they won’t last forever.

This is the fear. The gravy train is about to come to an end.

[dbackschamp2001]

Originally Posted by packman80

Lots of danger in a cashless society means that every purchase you can and will make will be able to be tracked for whatevery you want to buy.

You mean the government will know about that cheeseburger I bought for lunch?

[DegaBama]

Originally Posted by rcmb3220

The entire lending/mortgage/real estate is soon to be non-functioning, sports industry jobs are small potatoes.

Those are big too. Those small college towns with the local restaurants, hotels, etc... they will go under. It all trickles down.

[mike1498]

Originally Posted by rcmb3220

No you need too much money chasing too few goods. I don’t think you can find an example of hyperinflation born from a hot economy. It may take decades and it could happen tomorrow. (It won’t happen tomorrow)

Housing market crash??????? Low interest rates, high inflation and strong GDP growth

Also the recession after the Vietnam war.

[DegaBama]

Originally Posted by GeechQuest

I think we’re so far behind that even opening everything right now will have little effect.

If they can get sports going with fans, they could save a lot more. You just got to open up everything, still maintain guidelines. I agree, the collapse is there but it coukd soften the blow.

[rcmb3220]

Originally Posted by packman80

masks are not the special magic bullet that will fix this. First they scream we need to stay home that will help end this all soon. Now they scream wear a mask it will help it go awya. Next will be get the vaccine it will be the only way it will go away. What next after that will they demand they do that's in our best interest.

How many new cases did Germany have today? What did they do that we didn’t? Why did we fail so badly at this?

[trixstar]

Originally Posted by DegaBama

No, but it is funny because you have no follow up to your posts. Just stirring stuff up.

I literally just post what I think are some big stories that happen during the day. If people get "stirred up" over this stuff maybe they need to figure out why lol.

[rcmb3220]

Originally Posted by mike1498

Housing market crash??????? Low interest rates, high inflation and strong GDP growth

I’m not talking about high inflation, I’m talking about hyperinflation.

[packman80]

Originally Posted by ballhawkdawk

Yes... zero is the only acceptable level for being offended. The anti-white stuff makes me laugh usually. Like calling white people savages... that’s funny to me. It’s such a crazy comment I can’t even take it seriously. I feel like I should probably care more, but I just don’t.

You do know if a famous white person said that about a black person the media would go insane saying what a racist he is. Why the double standard?

[DegaBama]

Originally Posted by rcmb3220

How many new cases did Germany have today? What did they do that we didn’t? Why did we fail so badly at this?

Politics, that simple. 50 states and a federal government who can't agree on anything, who are doing what's best for their voters.

[mike1498]

Originally Posted by rcmb3220

I’m not talking about high inflation, I’m talking about hyperinflation.

I mean after the vietnam war inflation was in double digits... If you think America is going to become Germany after WWII your silly.

[trixstar]

Originally Posted by packman80

masks are not the special magic bullet that will fix this. First they scream we need to stay home that will help end this all soon. Now they scream wear a mask it will help it go awya. Next will be get the vaccine it will be the only way it will go away. What next after that will they demand they do that's in our best interest.

It may not be the magic bullet but there's plenty of studies that show they stop the spread and lower deaths.

https://www.brighamandwomens.org/abo...detail?id=3608

Another regarding deaths

http://www.healthdata.org/news-relea...0000-us-deaths

The forecast shows 179,106 deaths (with a range of 159,497 to 213,715). Those numbers drop to 146,047 (with a range of 140,849 to 153,438), if at least 95 percent of people wear masks in public.

[rcmb3220]

Originally Posted by mike1498

I mean after the vietnam war inflation was in double digits... If you think America is going to become Germany after WWII your silly.

I assume you mean Austria and Germany after WWI? I don’t share your confidence. Hyperinflation or default will happen even if it takes 20 years. The ratios are too much to overcome and we aren’t ever digging out of it. Hopefully we choose default but that’s unlikely given the people we elect.

[mwash1983]

Originally Posted by mike1498

I mean after the vietnam war inflation was in double digits... If you think America is going to become Germany after WWII your silly.

It might after Trump tries to go scorch earth with him calling his supporters to go after people in cities after he loses. Hitler did the same when the Red Army was closing in, wanted everything to burn and then his supporters finally stopped listening except the inner inner circle of people. I'm starting to sense that right now in McConnell, he's trying to drift away.