The USA's Voluntary Greatest Depression

[che]

The problem is the door is on an Amazon warehouse.

Capitalism 101

[tommywishbone]

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.

[JustPlaneJane]

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

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.

[IroNat]

Getbiggers have nothing to worry about as we are 1%ers.

[SOMEPARTS]

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.

[Thin Lizzy]

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.

[che]

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 ''

[SOMEPARTS]

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.

[JustPlaneJane]

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.

[SOMEPARTS]

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.

[Fortress]

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.

[JustPlaneJane]

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.

👍🏻

[SOMEPARTS]

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.

[Pray_4_War]

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.

[harmankardon1]

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...

[Dave D]

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.

[Thin Lizzy]

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.

[honest]

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.

[SOMEPARTS]

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.

[SOMEPARTS]

At the end of the day, Amazon is really just a giant supermarket.

Yeah, the only supermarket in town. A company store model.

[Pray_4_War]

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.

[hardgainerj]

this isnt going to be over by may

[El Diablo Blanco]

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.

[JustPlaneJane]

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.

[SOMEPARTS]

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.