The USA's Voluntary Greatest Depression

[SOMEPARTS]

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.

[tom joad]

[che]

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

[SOMEPARTS]

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.

[che]

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 ?

[SOMEPARTS]

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.

[Irongrip400]

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.

[friedchickendinner]

How come you left out the biggest source of depression? The possible cancelation of Mr Olympia

[Irongrip400]

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.

[FitnessFrenzy]

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

[Thin Lizzy]

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.

[harmankardon1]

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

[IroNat]

Once this ends the economy will roar back.

[joswift]

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

[JustPlaneJane]

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.

[Hypertrophy]

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!

[Hypertrophy]

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

[Hypertrophy]

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.

[deadz]

I said this two weeks ago. Some people are slow.

[SOMEPARTS]

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.

[SOMEPARTS]

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.

[che]

Correct. Every day small businesses are shutting down for good.

When one door closes, another opens

[SOMEPARTS]

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%.

[SOMEPARTS]

When one door closes, another opens

The problem is the door that is opening is on an Amazon warehouse.

[SOMEPARTS]

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.