Quote:
Originally Posted by tabs
Really?
Bernie won and he doesn't even know it...
http://forums.pelicanparts.com/off-topic-politics-religion/1055758-public-subsistence-mode.html
from 3/23/20
QUASI NATIONALIZATION
Today the Black Swan of the CV has touched off the latent fear which has created a panic. What I could not know before was what would happen after the shyte hit the fan. The wall had to be breached before one could get a good idea of what direction the future holds. Nobody right now is worried about the unintended ramification of all the money they are printing and borrowing. The situation is critical and civil order has to maintained in society so the sky is the limit to ally fear and panic about what the economic future holds for people. things are essentially being put on hold, no foreclosures, no evictions, deferred mortgage and credit card payments.
Once the crisis has subsided the hangover will begin. essentially the economy will pick up substantially from being moribund but it is going to be sluggish as it will be shackled to a ball and chain of debt and debased currency. What one can see is a quasi Nationalization of assets across not only the US but world. Which may be accomplished with the FED buying corporate Equities and Bonds and or bailing them out (the banks in particular as the car loan and credit card debt defaults). The rational is that you can not displace most of the population of the US sending them into abject poverty where they do not know where their next meal is going to come from. This would cause massive civil unrest, Jobs are not going to return very quickly if at all, it will take time to pick up and get moving again. Most of the American people are going to be on some kind of public assistance, with cash payments, food stamps, health care, rent and or mortgage assistance. This will all probably transpire over the next year or two..by 2022 as I have long surmised? The model here is what happened to the former Soviet Union when it imploded in 1990. We shall see?
Does that say it clearly enough for ya all... |
All true. Although only maybe 5% of the population would agree with you.
This is the revolution many wanted.
“The situation is critical and civil order has to maintained in society so the sky is the limit to ally fear and panic about what the economic future holds for people. things are essentially being put on hold, no foreclosures, no evictions, deferred mortgage and credit card payments.”
That’s just one example of a huge event that 95% of people don’t care about.
It involves the “temporary” suspension of constitutional rights, in the name of the “public good.” It results in a massive redistribution of wealth. It’s a huge moral hazard. It puts big tears in our social fabric.
And that’s just a small piece.