People do not want to hear the hard truth, they want a good lie.
Politicians have long stopped holding mandates and executing their responsibilities with objective goals and logic.. They lie to get the job, then lie to keep the job..

The same applies with everything, economics, ecological, social problems.
People do not want to hear the truth, so politicians don't say it.

Economies are all based on growth, because anything else would require telling people it is going to be a rough time again.. which they do not want to hear anyway.

So they don't
And everybody lives in bliss

Till something unexpected happens like natural disaster, or this "pandemic" thing.


In my opinion we were long over due for a big economic crash.
2000
2008
2020 was bound to happen if nothing else had happend.
And it would have been a very bad one.

This pandemic is actually a saving grace for the economy.
It gives the politicians and economists a thing to blame rather then "the economy collapses on it's own"

Now they can work on the symptoms, and there's a common understanding that this is temporary and managable.


This will cause a bit of impact, but MUCH less then a real crash would have done.

It buys us 5-10 years 2yrs stagnation> 3 years recovery> 3-5 years booming business > crash

Any politician that comes out with such statements, won't get elected.
Cannot say anything that implies people will have less prosperity in the future.
Cannot even say anything that suggest prosperity will remain at current levels.

Your prognosis is rather optimistic..

This is going to send all the marginal people who were living pay check to pay check over the edge into poverty. The govt is going to have to send them money or equivalents to keep them from causing civil unrest...starving people will do that ya know..

When the wave of debt defaults hits the banks etc we shall see if anything is left standing.

Do any of you think that the FED would think twice about BKing Bezos Gates or Buffet if it meant that the economic system would remain stable?

With FED and govt action ..the people who have where with all have just been fked in the azz.. they have been taxed..as ole Bunkie Hunt said decades ago a Billion ain't what it used to be...

Anyway we are mostly on the same page...

The value or potency of the juice that the FED is providing in their interventions is diminishing the more that they print.

I imagine that one day the FED will have to intervene with a Trillion $$ in one day and it will not stop the slide..

Remember when ol' Ronnie was running the first time? National Debt was less than 1T, and he said a TRILLION was a LOT of money.... was he wrong?

I used to say that no one could outspend borrowed money like Dems other than Repubs, and vice versa....

Then along came FrED :(....

....and both parties went yay!!!

We have a choice between tax and spend democrats and borrow and spend republicans. In spite of his rhetoric, Ronnie became a borrow and spend republican.
There are no fiscal conservatives any more.

Remember the E F Hutton ads on TV...you could say I am kinda lie ole E F his self. It would be a real mistake to think I do not disseminate my missives.

The dollar is loaned into existence and created from nothing - an IOU of grand scale.

Time to review history and learn from the insights of the French Assignat - a paper bill issued in France as currency from 1789 to 1796, during the French Revolution.


Increasing the float of currency units is inflationary by definition, as real value is not fixed and correlates with the increased currency creation unit velocity. In the end, we are going to need currency with more zeroes on them as the real purchasing power value of hundreds turn into twenties and then into tens....

Prices remaining constant is the new inflation..because demand and velocity of money has fallen off a cliff. If it were not for tons of printing prices would have Deflated. It has taken all that printing to keep prices constant.

Your thinking is one dimensional.

http://forums.pelicanparts.com/uploa...1593170547.JPG

Expand the time horizon a bit for end products. Follow the input base pricing of copper. The turn up has already begun.

Tabs I’ve been on the board for around 15 years maybe. You’ve been predicting imminent destruction as long as I can remember. I hope your dream of being right never comes true,

If I predict rain constantly , I’ll be a Good weatherman for a day.

note the cigar


http://forums.pelicanparts.com/uploa...1593198753.jpg