Getbig.com: American Bodybuilding, Fitness and Figure
Getbig Main Boards => Gossip & Opinions => Topic started by: SOMEPARTS on April 02, 2020, 08:57:59 PM
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The USA is looking at 35% drop in 2020 GDP, 35% unemployment rate and around 30% mortgage defaults....that's just based on shutdown until May, which many states have already enacted.
This can't go on - no amount of bailouts and sending checks in the mail will fix this.
This is the complete destruction of the middle class mindset and their businesses.
This is the decoupling of money as it relates to the value of labor and goods.
This is the end of the illusion of budgets being based on federal tax revenue instead of growing debt.
This is the permanent lowering of the American standard of life for all but the 1%.
This is the end of capitalism as we know it - it will be a depression that never ends.
The partisan media backbiting and posturing in an election year has hyper-politicized this against Trump.
There is no winning this for Trump...he either takes blame for a yet unknown death toll that the press is all to willing to credit him for or he takes blame for destroying the economy for everyone alive.
The kicker is we are doing it to ourselves...something China and Russia could ever dream of accomplishing - all in a matter of months.
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The USA is looking at 35% drop in 2020 GDP, 35% unemployment rate and around 30% mortgage defaults....that's just based on shutdown until May, which many states have already enacted.
This can't go on - no amount of bailouts and sending checks in the mail will fix this.
This is the complete destruction of the middle class mindset and their businesses.
This is the decoupling of money as it relates to the value of labor and goods.
This is the end of the illusion of budgets being based on federal tax revenue instead of growing debt.
This is the permanent lowering of the American standard of life for all but the 1%.
This is the end of capitalism as we know it - it will be a depression that never ends.
The partisan media backbiting and posturing in an election year has hyper-politicized this against Trump.
There is no winning this for Trump...he either takes blame for a yet unknown death toll that the press is all to willing to credit him for or he takes blame for destroying the economy for everyone alive.
The kicker is we are doing it to ourselves...something China and Russia could ever dream of accomplishing - all in a matter of months.
Take a deep breath, and relax bro , it’s all going to turn out better than you expected
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Take a deep breath, and relax bro , it’s all going to turn out better than you expected
Sounds great...your response is based on what exactly - faith in govt?
This isn't about me per se...I'm well prepared for this sort of thing. What is disgusting is the normal working people and little mom and pops that will go under for nothing more than optics.
If you own a gym or bar/restaurant - apart from consumer demand issues the confidence to go in these places will be damaged for years.
I find it very hard to believe that everything turns out okay if everything is shut down for another month or more. There is an amplified effect every day this goes on.
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Sounds great...your response is based on what exactly - faith in govt?
This isn't about me per se...I'm well prepared for this sort of thing. What is disgusting is the normal working people and little mom and pops that will go under for nothing more than optics.
If you own a gym or bar/restaurant - apart from consumer demand issues the confidence to go in these places will be damaged for years.
I find it very hard to believe that everything turns out okay if everything is shut down for another month or more. There is an amplified effect every day this goes on.
I'm with you , what is the solution and what we are going to do about it ?
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I'm with you , what is the solution and what we are going to do about it ?
Because of the media spotlight and politics...the decision making is being done to avoid blame. The end result will likely be the similar as it would have been although a bit slower. By the experts own admission you can't stop this anymore than you can stop the common cold or flu, and it will not be magically eradiacted. If we are at "WAR" people are going to die...mostly old people that should have been quarantined first and foremost. You can't shut the country down. That didn't happen in WW2 and shouldn't happen now. Not saying the disease isn't serious and of course the benefit of hindsight here. I just hate to see the result. The fact is the virus spreads through us living our lives.
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I’m somewhat with you, if this goes long term. I’m hoping by end of May or beginning of Nune shit goes back to normal and we can restart. There will be a flood of work to catch up on and the stimulus package will have bridged the gap for business owners. The country will be a bigger debt slave though.
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How come you left out the biggest source of depression? The possible cancelation of Mr Olympia
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I’m somewhat with you, if this goes long term. I’m hoping by end of May or beginning of Nune shit goes back to normal and we can restart. There will be a flood of work to catch up on and the stimulus package will have bridged the gap for business owners. The country will be a bigger debt slave though.
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How come you left out the biggest source of depression? The possible cancelation of Mr Olympia
it will be a mental depression for all of us
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It’s the end game of a credit based, as opposed to a savings based, economy. How many Americans are currently living hand to mouth, paycheck to paycheck, with no savings in the bank and holding a lot of credit card debt?
Eventually the bill comes due and you can’t pay. Of course, in the case of government they can print money. Doing that is essentially an admission of bankruptcy and that’s what we’re seeing now, not just here but all over the world.
The idea that this is capitalism is ridiculous. Central banks have complete control over the most important market price, the price of money.
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How come you left out the biggest source of depression? The possible cancelation of Mr Olympia
They should push it to October November , that way still get some qualifiers in..... Vegas sure won't be booked
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Once this ends the economy will roar back.
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The USA is looking at 35% drop in 2020 GDP, 35% unemployment rate and around 30% mortgage defaults....that's just based on shutdown until May, which many states have already enacted.
This can't go on - no amount of bailouts and sending checks in the mail will fix this.
This is the complete destruction of the middle class mindset and their businesses.
This is the decoupling of money as it relates to the value of labor and goods.
This is the end of the illusion of budgets being based on federal tax revenue instead of growing debt.
This is the permanent lowering of the American standard of life for all but the 1%.
This is the end of capitalism as we know it - it will be a depression that never ends.
The partisan media backbiting and posturing in an election year has hyper-politicized this against Trump.
There is no winning this for Trump...he either takes blame for a yet unknown death toll that the press is all to willing to credit him for or he takes blame for destroying the economy for everyone alive.
The kicker is we are doing it to ourselves...something China and Russia could ever dream of accomplishing - all in a matter of months.
Pretty much a shopping list of the radical left led by Greta Thunberg
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President Trump increased the equity in the stock market by $7 trillion dollars.
And the government just took it all back from the American people.
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It’s the end game of a credit based, as opposed to a savings based, economy. How many Americans are currently living hand to mouth, paycheck to paycheck, with no savings in the bank and holding a lot of credit card debt?
Eventually the bill comes due and you can’t pay. Of course, in the case of government they can print money. Doing that is essentially an admission of bankruptcy and that’s what we’re seeing now, not just here but all over the world.
The idea that this is capitalism is ridiculous. Central banks have complete control over the most important market price, the price of money.
You summed it up very well Thin Lizzy!
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President Trump increased the equity in the stock market by $7 trillion dollars.
And the government just took it all back from the American people.
And a few Wall Street hedge fund managers for good measure.
https://www.forbes.com/sites/antoinegara/2020/03/25/billionaire-bill-ackman-100-fold-return-on-coronavirus-hedge-2-billion/#43753ac26fcc (https://www.forbes.com/sites/antoinegara/2020/03/25/billionaire-bill-ackman-100-fold-return-on-coronavirus-hedge-2-billion/#43753ac26fcc)
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Once this ends the economy will roar back.
Every week these shutdowns go on will increase the recovery time 10 fold. Some of my major tech customers are shuttering factories. You can't turn these back on overnight.
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I said this two weeks ago. Some people are slow.
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I’m somewhat with you, if this goes long term. I’m hoping by end of May or beginning of Nune shit goes back to normal and we can restart. There will be a flood of work to catch up on and the stimulus package will have bridged the gap for business owners. The country will be a bigger debt slave though.
There will be physical carnage by June. The domino effect will start eliminating "necessary" services. One day you will go into the store and there will be no bananas....then apples....then lettuce...etc. Any failed link in the supply chain can screw that delivery up.
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Every week these shutdowns go on will increase the recovery time 10 fold. Some of my major tech customers are shuttering factories. You can't turn these back on overnight.
Correct. Every day small businesses are shutting down for good.
It's not just about getting grants and loans as a stop gap it's also about losing the people that were working for you that made your business model viable.
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Correct. Every day small businesses are shutting down for good.
When one door closes, another opens
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Once this ends the economy will roar back.
The real economy, no..the stock market fake game yes...it has no option but to eventually "roar" back...we have increased the money supply greatly and that inflation will go into the markets. Does it really matter if
BUT that is not the same as money in pocket for average people...just the opposite. The capitalism we have is so perverse because we never allow anything big to fail due to market pressures. It has had a centralizing effect on wealth that we now see in this shutdown action. What is the govt protecting first? The banks, the market and themselves. That is not a political statement. Both sides of our political ruling class agree on all this action 100%.
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When one door closes, another opens
The problem is the door that is opening is on an Amazon warehouse.
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I said this two weeks ago. Some people are slow.
Two weeks ago the state I am in was to re-open beginning of April. Now they've pushed it back to May. Big difference there.
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The problem is the door is on an Amazon warehouse.
Capitalism 101
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Every week these shutdowns go on will increase the recovery time 10 fold. Some of my major tech customers are shuttering factories. You can't turn these back on overnight.
Thank you sir. It won't just restart.
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And a few Wall Street hedge fund managers for good measure.
https://www.forbes.com/sites/antoinegara/2020/03/25/billionaire-bill-ackman-100-fold-return-on-coronavirus-hedge-2-billion/#43753ac26fcc (https://www.forbes.com/sites/antoinegara/2020/03/25/billionaire-bill-ackman-100-fold-return-on-coronavirus-hedge-2-billion/#43753ac26fcc)
Equity in the stock market is an illusion.
It is a corrupt shell game where the little investor loses every time. The Wall Street swamp rode the Trump economy up until they found an opportunity to cash out and start over.
But if you’re a Senator from Georgia you can dump $20,000,000 worth of stock based on insider information and not have anything happen to you.
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Getbiggers have nothing to worry about as we are 1%ers.
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Capitalism 101
That sounds great but Amazon pays no taxes, so not really. Again we are constantly rewarding massive centralization and too big to fail. It's not hard to see where this goes.
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Anybody else see the commercials for the census?
It starts off with “When we all come back together...”
Then it shows a stadium full of people.
It’s a tip-off for what’s to come.
When it’s time to wrap things up, the same effort you’re seeing now to create fear will be marshaled towards getting people working and not being afraid to go out in public.
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That sounds great but Amazon pays no taxes, so not really. Again we are constantly rewarding massive centralization and too big to fail. It's not hard to see where this goes.
Bro , this has been happening way before Corona .
''major retailers have closed more than 5,000 stores in 2017''.
''5,864 store closings for all of 2018''
''More than 9,300 stores are closing in 2019 ''
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Bro , this has been happening way before Corona .
''major retailers have closed more than 5,000 stores in 2017''.
''5,864 store closings for all of 2018''
''More than 9,300 stores are closing in 2019 ''
Been watching it for years.
In the past the govt was worried about minor issues like telephone companies and cable companies merging under monopoly/anti-trust....not a peep on AMZN.
Wal Mart grabbed up market share in the 90s through extremely low margins but it was nothing like this. The margins that Amazon operates on are in fact aided by the govt.
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Been watching it for years.
In the past the govt was worried about minor issues like telephone companies and cable companies merging under monopoly/anti-trust....not a peep on AMZN.
Wal Mart grabbed up market share in the 90s through extremely low margins but it was nothing like this. The margins that Amazon operates on are in fact aided by the govt.
Are you saying the government bankrupted the USPS to help increase Amazon’s profit margins ?
If the public thought the mortgage industry was leveraged, they aren’t even going to want to see how leveraged Fortune 500 stock buyback programs are.
This will come down to either, the Chinese/Russian economies survive, or the U.S. economy survives.
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Are you saying the government bankrupted the USPS to help increase Amazon’s profit margins ?
I'm saying the only person I've seen tell Amazon "no" in the last 10 years is AOC. That is a problem, haha.
It's also why they act like they do.
They get local, property, state and federal tax abatements. I know first hand the USPS and FedEx deals were not generating any real revenue for either. FedEx finally realized that AMZN was putting trucks on the road to replace them and got out of their deal. My long time UPS driver retired early saying that it was a good time to get out because AMZN planned on having more trucks out than UPS.
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I’m a rank amateur at understanding big money and all its intricacies, but still I can grasp how utterly devastating this whole shutdown is to ... well, everything.
We MUST re-start the machine, sooner rather than later.
This is all intentional, engineered and/or capitalized. On MANY levels.
Very dark forces at work here, brothers and sisters.
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I'm saying the only person I've seen tell Amazon "no" in the last 10 years is AOC. That is a problem, haha.
It's also why they act like they do.
They get local, property, state and federal tax abatements. I know first hand the USPS and FedEx deals were not generating any real revenue for either. FedEx finally realized that AMZN was putting trucks on the road to replace them and got out of their deal. My long time UPS driver retired early saying that it was a good time to get out because AMZN planned on having more trucks out than UPS.
👍🏻
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I’m a rank amateur at understanding big money and all its intricacies, but still I can grasp how utterly devastating this whole shutdown is to ... well, everything.
We MUST re-start the machine, sooner rather than later.
This is all intentional, engineered and/or capitalized. On MANY levels.
Very dark forces at work here, brothers and sisters.
The Greatest Generation would have never done this to our country but they did raise soft, greedy kids who have never thought of anyone but themselves.
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Yeah, I'm not sure exactly what I should be doing right now money wise. I'm better off than most because my income is relatively safe and I have no debt except for a mortgage with a pretty strong equity position.
Part of me thinks that Bitcoin could be a solution because it's outside the system and there is a finite amount of it. However, if that starts to be in more common use I'm sure the government will find a way to kill it.
This shit is going to get ugly fast and I don't know if there is a way to un-fuck the system. The middle class is going to disappear. Everyone will be either rich, or poor. I'm trying to make sure I end up the former and not the latter.
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Wal Mart grabbed up market share in the 90s through extremely low margins but it was nothing like this. The margins that Amazon operates on are in fact aided by the govt.
I've heard bezos mention in interviews they sell products at losses " to get into the market"...
More like to get others out...
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I've heard bezos mention in interviews they sell products at losses " to get into the market"...
More like to get others out...
Much of the shipping they provide on their own is at a loss.
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I've heard bezos mention in interviews they sell products at losses " to get into the market"...
More like to get others out...
Supermarkets have been doing this forever. It’s called a “Loss Leader.” You get people into the store and they buy other items in addition to the one being sold at a loss.
At the end of the day, Amazon is really just a giant supermarket.
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If the stimulus is enough and it keeps property prices up it will be okay but if the banks act and start calling in defaults it will be the GFC and worse all over again, real test will come after the health crisis passes, if governments reduce their assistance to aggressively it will crash, but where they are prepared to go further they can avoid a depression. But it will cost at least double what is already proposed and without China stumping up or forgiving US and Global debt it holds no doubt we could see capitalism face its greatest test, but it has prevailed through wars and it will prevail again hopefully at the expense of China. I never agreed with free trade and socialism, not even trading with Arab states but that was more of an essential trade rather than the Chinese trade which is mass production of all non essentials and even essentials which never made any sense. Every country needs its own sovereign security around essentials.
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Yeah, I'm not sure exactly what I should be doing right now money wise. I'm better off than most because my income is relatively safe and I have no debt except for a mortgage with a pretty strong equity position.
Part of me thinks that Bitcoin could be a solution because it's outside the system and there is a finite amount of it. However, if that starts to be in more common use I'm sure the government will find a way to kill it.
All you can do is find a reliable way to hedge against inflation. It's not going to be through CDs or interest bearing MM savings. Owning real things, low debt and liking where you live is a great position to be in to make your money work.
Bitcoin is not outside the system....it's being tracked for any real gains, on the tax form already and there is an ETF system in place to control the rise in price. Nothing but a beta test for the hyperinflated cryptodollar. You already are hearing about how "dirty" cash is with Covid-19....this is being done on purpose.
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At the end of the day, Amazon is really just a giant supermarket.
Yeah, the only supermarket in town. A company store model.
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All you can do is find a reliable way to hedge against inflation. It's not going to be through CDs or interest bearing MM savings. Owning real things, low debt and liking where you live is a great position to be in to make your money work.
Bitcoin is not outside the system....it's being tracked for any real gains, on the tax form already and there is an ETF system in place to control the rise in price. Nothing but a beta test for the hyperinflated cryptodollar. You already are hearing about how "dirty" cash is with Covid-19....this is being done on purpose.
This may sound bad but I'd like to be able to capitalize on the down economy in a big way. Maybe I'll continue to grow my war chest and when the housing market drops significantly I'll buy another house.
If it does happen, I'm thinking it will take a couple of years for the housing market to really tank.
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this isnt going to be over by may
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this isnt going to be over by may
Not at all. July seems more likely. Even then what’s going to be left. Saudi, Russian and Chinese trillionaires will buy up all the American companies they want for pennies.
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The U.S. government will come out the other side of this crisis with two main stories about how the national debt is unsustainable during an economic recovery and the government needs much greater control over healthcare.
Income tax laws will be rewritten to push for taxation levels more on par with European tax rates. All politicians will fall in line because they can’t wait to get their hands on 55-58% of your income.
The government will take over healthcare and push further for a single-payer system that provides coverage for all. Whenever Democrats re-take power, illegals will be added to the healthcare coverage program as a way to bribe them for voting Democrat. Then the government will take over higher education through making it free (or more affordable) and paying for it, or subsidizing it, with taxpayer dollars. It won’t happen overnight, but we are seeing the beginning of a scheme to raise taxes to levels where you give the government 60-65% of your income or more and they pretend to run your life for you and provide you with what they think you need.
The working class will fund the lifestyles of the ultra lazy and the ultra rich.
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The U.S. government will come out the other side of this crisis with two main stories about how the national debt is unsustainable during an economic recovery and the government needs much greater control over healthcare.
Income tax laws will be rewritten to push for taxation levels more on par with European tax rates. All politicians will fall in line because they can’t wait to get their hands on 55-58% of your income.
The government will take over healthcare and push further for a single-payer system that provides coverage for all. Whenever Democrats re-take power, illegals will be added to the healthcare coverage program as a way to bribe them for voting Democrat. Then the government will take over higher education through making it free (or more affordable) and paying for it, or subsidizing it, with taxpayer dollars. It won’t happen overnight, but we are seeing the beginning of a scheme to raise taxes to levels where you give the government 60-65% of your income or more and they pretend to run your life for you and provide you with what they think you need.
The working class will fund the lifestyles of the ultra lazy and the ultra rich.
Yes, taxes can only go up. This is why they had to crush the TEA Party early and often. The truth is they have already spent more than we can tax, which is the reason for the plandemic/increase in money supply...er, I mean stimulus to help the peoples.
I'm already paying so much that I'll be retiring early and mowing lawns for cash if they raise it anymore, haha.
Another thing...hearing people talk about investing in the markets for the "long term". The terms are going to change for most by the time the govt "allows" retirement. The previous models for investing will not apply.
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it will be a mental depression for all of us
Relax, China will protect yours 'Human Rights' ;)
:o
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It’s the end game of a credit based, as opposed to a savings based, economy. How many Americans are currently living hand to mouth, paycheck to paycheck, with no savings in the bank and holding a lot of credit card debt?
Eventually the bill comes due and you can’t pay. Of course, in the case of government they can print money. Doing that is essentially an admission of bankruptcy and that’s what we’re seeing now, not just here but all over the world.
The idea that this is capitalism is ridiculous. Central banks have complete control over the most important market price, the price of money.