Alternating Current, I agree with your overall point. However, just to be accurate, FDR wasn't in office in 1929. FDR won the 1932 election and took office in 1933. He did make the problem worse.
Hoover took a bad thing and made it worse. FDR criticized Hoover's trying to mess with the economy during his 1932 campaign. Then when he got elected, took a worse thing and made it the worst. Started a 2nd depression in 1936, I think it was, by implementing the New Deal. FDR among other things capped prices, ordered farmers to destroy crops, created Soviet-inspired farm communes, and nationalized the electrical power industry. A true villian.
I predict Coronavirus will disappear in November and the economy will begin to recover. Just a hunch.
Theo you are either predicting a Dem concession at Trumps re-election or a Dem victory and their no longer screwing the GOP at every turn.
Big prediction from the hammer man: These antibody tests are beginning to roll out. Already hearing of families testing positive, not knowing they were sick to begin with (no symptoms). If you and your loved ones test positive, any reason not to spend on pent up demand? Any reason not to fly cheaply somewhere (assuming you can go to the beach or park)?
Corona virus' typically appear in November, peak in January or February, and go away in June. We are more or less experiencing the normal life of a Corona virus life cycle. Data is showing cases decreasing, hospitalizations decreasing, deaths are not following the same pattern (some silly things are going on). Need to open it up and get to working. Anything else is anti-science.
Obviously it'll never disappear. How long we freak out about it and ruin our economy over it will depend on who wins the election. If Biden wins, they'll keep it going for a month or two after he takes office so they can give him credit for getting rid of it and fixing the economy. If Trump wins, they'll drag this crap out basically as long as the public allows them to.
Bingo! Time to stand up and say enough is enough. People cannot get cancer treatments in some parts of the country right now. Others can't pay their bills or feed their families. The idea of tracing and testing is a joke that only works in theory. The same goes for trying to quarantine people driving from Louisiana to Texas, or flying in from another city. F' the government. Quit letting criminals out of jail, and quit jailing moms that want to take their kids to the park or work at the beauty salon. If you want to stay home because you don't think it's safe, feel free to do so.
Honestly, I wasn't anti-lockdown. It was fine when the concern was overwhelming our hospitals. That's worth some economic disruption to avoid. However, we're way past that now, and there's no reason not to reopen with reasonable guidelines imposed locally or at the business level.
It’s also the reason for telling people to wear cloth masks. The healthcare system did not have enough N-95’s. I think it is still a concern.
Tony Spell handed first court loss for requests to be exempted from La. governor’s order and receive compensation
Corona virii have always been with us as "the common cold". But the media is using this as a way to get Trump beat in the 2020 election. I think in 2021, corona virus won't be an issue regardless of death rates because there is no ability to dethrone Trump.
My concern is that if the Dems win, the fear about the virus may cease, giving a wide berth to the fear about how in the hell we pay for all the crap they want to have passed now and in the future...
That is part 1 of their plan, they have a part 2 in this. They are now looking for the federal government to bail out the blue states for all their failed socialism programs that they can't afford to keep doing. Why should a Texan pay for California and New York's failures? To hell with those blue ********.
They are using the economic problems to justify giving money to Democrat State governments. Anytime there is even imaginary justification to print money, the Democrats are going to start writing and voting on bills. They will also give the money to any other elite Democratic supporters.
Scott Pelley: Fair to say you simply flooded the system with money? Jerome Powell: Yes. We did. That's another way to think about it. We did. SP: Where does it come from? Do you just print it? JP: We print it digitally.
That is counterfeiting in essence. The problem with counterfeiting isn't that the dollars aren't "real". The problem is they are decreasing the value of the currency. What the Fed does in service to the Federal Government is the biggest counterfeiting operation in the history of the world. It is in essence theft. The Fed and the Government are stealing from each and every American.
You don't have to let them. You do have alternatives. All it takes is a little creativity and courage. Un-coorelated assets that are a store of value will make very good alternatives to holding USD and Stocks. They're out there. I'm up 35% while the stock market is down -10% or worse YTD.
Land Gold Silver Other Precious Metals Mining Stocks Bitcoin Art Collectible Classic Cars (if you can afford them) Companies that transfer IRA's in un-coorelated assets: Bitcoin IRA Alto IRA Masterworks Sprott Global
Actually, the Fortune 500 executives use stimulus $ to buy back there own stock, raising the stock price. This in turn increases stock incentives and payouts to executives at the above mentioned company. Liquidity in the market has been almost identical to Gov stimulus. Freaking corrupt!
There were at least about 50 BIG companies that got PPP when they should have not. Trump said they would be forced to give the money vack
