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Getbig Main Boards => Gossip & Opinions => Topic started by: IroNat on March 26, 2020, 06:18:07 AM
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???
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It's two trillion to spend. It's not two trillion to spend immediately after it's signed. Also to give every tax payer a check for over $1000 in relief is a sick amount of money. I wish they weren't wasting this money and I hope they open America for business soon.
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every american is not getting money. The vast majority of the money is going to businesses.
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Many Americans live paycheck to paycheck. Waiters, bartenders, etc. Those workers cannot survive a 1 month halt of income. Therefore, they now, cannot pay their rent for March or April. So, it gets passed to the landlord, who passes the buck to the lender.
The best, but shitty solution, is to print a bunch of cash and devalue the US dollar. Ultimately, people will survive, but in a years time, the cost of goods will be 25% to 50% more than they are now. If a new Ford F150 costs 40K now, it will be 50K in a couple years.
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every american is not getting money. The vast majority of the money is going to businesses.
Yes, people who don't work are getting nothing.
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False, in fact some people who were previously working will get more now on unemployment
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The stimulus should subsidize the people and businesses affected until this passes.
Like when an unemployed person moves home between jobs.
All the other shit is......shit.
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The more money they give us, the better, no?
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The more money they give us, the better, no?
No, they are using money they don't have. The government has no money. Only the money they take from the workers and print with no backing but their word to the world.
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No, they are using money they don't have. The government has no money. Only the money they take from the workers and print with no backing but their word to the world.
yep, all money comes from taxation..
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Every 10 years or so we have to pay a tribute to our banker and wall street masters. This time we get a flash crash instead of a 3-4 year recession.
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I'M GETTING NOTHING,MY EX HAS THE 3 KIDS SHE WILL ,EVEN THO SHE IS A NURSE AND MAKES GOOD MONEY. I THINK WILL BENEFIT...
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I just saw Pelosi being interviewed on Bloomberg. I’ve never seen her so happy. She gets to spend 2 trillion.
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Many Americans live paycheck to paycheck. Waiters, bartenders, etc. Those workers cannot survive a 1 month halt of income. Therefore, they now, cannot pay their rent for March or April. So, it gets passed to the landlord, who passes the buck to the lender.
The best, but shitty solution, is to print a bunch of cash and devalue the US dollar. Ultimately, people will survive, but in a years time, the cost of goods will be 25% to 50% more than they are now. If a new Ford F150 costs 40K now, it will be 50K in a couple years.
Twaddle, can I have your check?
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I'M GETTING NOTHING,MY EX HAS THE 3 KIDS SHE WILL ,EVEN THO SHE IS A NURSE AND MAKES GOOD MONEY I THINK.
Sorry to hear that bro, stay strong
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A stimulus check is a great idea, classic demand-side economics. Remember, there's no use in providing assistance to business if nobody has any money to spend
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The majorly of the money is to small and large businesses in the way of loans and grants.
$510bil to large businesses
$377bil to small businesses
The unemployment benefits is complete bullshit
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Sorry to hear that bro, stay strong
I'M fine i do ok,,i don't need it tbh,if i get something i won't send it back tho :D..i got back tax money already too.i got 2 kids out of 3 this year to claim it helped me.i made more money 19 over 18 and still tracking same as 19 even with this mess...apr will suck tho...
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Anyone really expecting the government to put real money in their pocket is a fool. Open your eyes stupid people. The government and US politicians have only ever taken your money.
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My work (manufacturing and automation) has not shutdown. Indeed, I'm pulling 10-12 hour days this week to get automated machinery done and out the door. I have another system I have to do during the month of April, then a complete automation upgrade in a fish processing plant in Dutch Harbor. I have to travel as well, assuming the airlines don't completely shutdown. None of our guys has gotten the virus. Hopefully that remains the case.
Realistically, many of the "stay at home" policies will stay in place for 6-8 weeks in order to slow or kill off the virus. The service economy is not coming back in time for Easter.
Not having access to the gym just sucks real hard. I dependent on my work outs as much for my psychological health as my physiological well-being. I have to come up with some kind of home gym setup.
I think things will be near normal by summer. Its possible that this will come back with a vengeance in late fall. We really do not want to live in a John Ringo novel.
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Many Americans live paycheck to paycheck. Waiters, bartenders, etc. Those workers cannot survive a 1 month halt of income. Therefore, they now, cannot pay their rent for March or April. So, it gets passed to the landlord, who passes the buck to the lender.
The best, but shitty solution, is to print a bunch of cash and devalue the US dollar. Ultimately, people will survive, but in a years time, the cost of goods will be 25% to 50% more than they are now. If a new Ford F150 costs 40K now, it will be 50K in a couple years.
You forgot bbers, we need money for gear, and tubs of protein
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You forgot bbers, we need money for gear, and tubs of protein
Food brah its all about the food
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By the time the dust settles, the financial damage will be beyond measure. I really doubt these politicians even grasp what this does to any recovery, thinking there will be a quick snap back recovery is delusional…nothing like this has ever happened, man made, and they think getting funding now to businesses is going to solve the problem they have created….permanent damage has been done not only to our economy but the world since we buy so much from them, travel and spend money there and circulate freely.
I think an economic collapse happening in real time is unprecedented and will surpass that of the 1929 crash. The stimulus will be printed like mad to try to reinflate the Western bubble, but it’s too late as the damage is done and the virus will come back again after the “back to work” lifting of quarantines.
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yep, all money comes from taxation..
Not this money. This money is completely “made up”. They are just printing more and dumping into the system
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I'll be surprised if the U.S. goes back to work in 2 weeks. An economic recovery is going to take awhile.
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I think an economic collapse happening in real time is unprecedented and will surpass that of the 1929 crash. The stimulus will be printed like mad to try to reinflate the Western bubble, but it’s too late as the damage is done and the virus will come back again after the “back to work” lifting of quarantines.
Im not convinced of a total collapse. This is global unlike any other previous events. Printing in unison means currency devaluation in unison so across the board you aren't singled out.
If anything, the system in place has less strings attached allowing all parties to print to the moon.
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Im not convinced of a total collapse. This is global unlike any other previous events. Printing in unison means currency devaluation in unison so across the board you aren't singled out.
If anything, the system in place has less strings attached allowing all parties to print to the moon.
Perhaps I’m being dramatic and I hope I’m wrong. Working and going out to eat or shopping with masks on, isn’t going to inspire the confidence to liberally spend and incur more debt. Frugal time preference will collapse the Western debt bubble. The insoluble problem is precisely the public confidence issue in reopening the economy. Fear will paralyze the economy regardless of the policy decisions.
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How many getbiggers will buy gear with their Trump Bucks?
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China holds a trillion in US bonds, the US could look to not honour it as the China flu destroyed its economy, in some sort of compensation bid, i dont know how, but Trump lives for situations like this, he is the eternal opportunist.
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This is the same bullshit. a drop goes to helping people and the rest will pad corporation's pockets and anyone that thinks this will trickle down, the only thing that trickles down is the piss down your leg.
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China holds a trillion in US bonds, the US could look to not honour it as the China flu destroyed its economy, in some sort of compensation bid, i dont know how, but Trump lives for situations like this, he is the eternal opportunist.
This is the big reason why China holds the power of the USA. For 40 years China sold their goods to us in cash. The USA trades with numerous countries. Oil for trees, metals etc... but China, nope, fuck trade, they want cash. They have trillions of US dollars in their coffers. The fear is if China ever dumps that cash on the open market and then decides to deal in Euros, that the US dollar will collapse and our entire economy will be fucked.
This is the USA's issue. They let this happen. It's like giving your neighbor a gun a day and then 5 years later picking a fight and realizing he has an entire army that can destroy you.
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You forgot bbers, we need money for gear, and tubs of protein
My apologies, I forgot about you and the other bbers. Without G4P sessions, you're probably hurting as bad as the service industry. :D
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How many getbiggers will buy gear with their Trump Bucks?
I'll make that decision when and if I see any Trump bucks.
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I'M GETTING NOTHING,MY EX HAS THE 3 KIDS SHE WILL ,EVEN THO SHE IS A NURSE AND MAKES GOOD MONEY. I THINK WILL BENEFIT...
Sorry to hear that. I know she’s the mother of your kids but I hope she gets what she deserves
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Trump lives for situations like this, he is the eternal opportunist.
he is the man we need for the deal making job/hard bargaining
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Sorry to hear that. I know she’s the mother of your kids but I hope she gets what she deserves
Hey in the end she does fine I pay child support without a dime missing ever since our divorce and I see kids every other wknd plus alt days on schedule ,,no issues there.
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Damn the ghetto is going to be dangerous with most people using shady check cashing places and everyone knowing that people are walking around with $1000 cash. And like the 1st of the month with welfare, no one waits to cash a check in the hood. Everybody goes to that low down check cashing place. Half the people walking around with $1000 cash on them? Gonna be some mad crime. Not to mention all the check fraud. "That bitch Tranisha tried to cash my Trump check at Stop-and Go"
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Damn the ghetto is going to be dangerous with most people using shady check cashing places and everyone knowing that people are walking around with $1000 cash. And like the 1st of the month with welfare, no one waits to cash a check in the hood. Everybody goes to that low down check cashing place. Half the people walking around with $1000 cash on them? Gonna be some mad crime. Not to mention all the check fraud. "That bitch Tranisha tried to cash my Trump check at Stop-and Go"
Maine, dey dindu nuffins
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Not this money. This money is completely “made up”. They are just printing more and dumping into the system
Exactly.
The Joo banks “conjure” moolah and lend it to governments/then us. The racket is insane.
Hitler knew what was what.
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It’s really a 1 trillion relief plan. The other half is inconsequential pork
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is qualification based on a tax return? How do they account for students who didn't file?
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This is the big reason why China holds the power of the USA. For 40 years China sold their goods to us in cash. The USA trades with numerous countries. Oil for trees, metals etc... but China, nope, fuck trade, they want cash. They have trillions of US dollars in their coffers. The fear is if China ever dumps that cash on the open market and then decides to deal in Euros, that the US dollar will collapse and our entire economy will be fucked.
This is the USA's issue. They let this happen. It's like giving your neighbor a gun a day and then 5 years later picking a fight and realizing he has an entire army that can destroy you.
If you owe someone $100,000 they own you.
If you owe someone $1 trillion ($1,000,000,000,000) you own them.
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It's because the elites are using the emergency to buy themselves out of long positions and potential profit losses. It will also help accelerate an inflation crisis so they can push for a one world government and single currency
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is qualification based on a tax return? How do they account for students who didn't file?
Someone who is claimed as a dependent cannot receive money.
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printing presses getting hot..but can't do anything else, people that are not rich will suffer anyways
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I'll be surprised if the U.S. goes back to work in two weeks. Even if we did, there's an inevitable period of playing economic catch up.
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Not this money. This money is completely “made up”. They are just printing more and dumping into the system
I hate to break if to you but money today already doesn't exist. Your bank balance doesn't exist.
Printed currency is the only real money. Anything above that is created by leverage throughout the fianncial markets.
To put it into perspective, the US has around $5,400 of printed currency per person. The QE being done is not printed currency, that will go into the already leverage system.
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:'( :'(
It looks like the USA will hit 125,000 case by midnight!!
This will not end well..
So much for opening / going back to work..
:-\ :-\
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Hey in the end she does fine I pay child support without a dime missing ever since our divorce and I see kids every other wknd plus alt days on schedule ,,no issues there.
Pics of the wife tho ???
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:'( :'(
It looks like the USA will hit 125,000 case by midnight!!
This will not end well..
So much for opening / going back to work..
:-\ :-\
The peak is 3-4 weeks off. Politicians have done what they can do for optics but the real pain is probably yet to be reported on. Stock market is far from done taking a beating. Economic impact hasn't even started as far as lasting supply chain issues.
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A nation of 300 million people.
1 million positive cases is 0.3%.
3 million positive cases is 1%.
The vast majority of cases will recover. It's not the end of the world.
Of course it sucks for those in critical condition.
Stay safe.
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;D ;D
Trump back pedaling.
The flip flop President..
So much for re opening the country..
https://www.tmz.com/2020/03/29/trump-flips-easter-deadline-back-to-work-end-of-april/ (https://www.tmz.com/2020/03/29/trump-flips-easter-deadline-back-to-work-end-of-april/)
;D ;D
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No, they are using money they don't have. The government has no money. Only the money they take from the workers and print with no backing but their word to the world.
Bro...
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When is my check arriving?
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;D ;D
Trump back pedaling.
The flip flop President..
So much for re opening the country..
https://www.tmz.com/2020/03/29/trump-flips-easter-deadline-back-to-work-end-of-april/ (https://www.tmz.com/2020/03/29/trump-flips-easter-deadline-back-to-work-end-of-april/)
;D ;D
Smart people change their opinions once more information is made available to them.
A juror would be an example of an individual who would change their opinions as more information is presented to them.
Or a scientist would be another example.
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Oil $100/barrel = gas by me $4/gallon
Oil $20/barrel = gas by me $2.69/gallon
Where be da maff on dat one?
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My guess is that by May 4th, they will start looking into opening stores and other business, with the 'social distancing' still in effect for a long time.
As for senior nursery homes, gathering events, concerts and groups, I give that more time, at least June 1st or so if we are lucky.
There is a difference between social distancing, and being in a movie stadium or sports game or concert where there is none.
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My guess is that by May 4th, they will start looking into opening stores and other business, with the 'social distancing' still in effect for a long time.
As for senior nursery homes, gathering events, concerts and groups, I give that more time, at least June 1st or so if we are lucky.
There is a difference between social distancing, and being in a movie stadium or sports game or concert where there is none.
Need to test everyone. If clean, back to work with social distancing. If not, stay home until clear.